Data through September 2026 · updated 2026-11-07 · free, from Zillow, Realtor.com, the Census Bureau and other public sources
Typical home value$306,048+1.8% YoY · prices are rising
Market right nowBuyer's marketMore homes for sale than last year, 28% have cut their price
Income needed to buy, per year$66,345About 1.0× the local median income ($69,590): affordable for a typical household
Days on market72 daysSlower than a year ago: buyers have time to negotiate
Next 12 months+0.4%Zillow expects prices to stay about flat
The typical home in Cleveland, TN is worth $306,048, up 1.8% from a year ago. That is slightly above what local incomes have historically supported: fair value is about $280,722, so the area is 9.0% overvalued. It is a buyer's market: homes take about 72 days to sell, listings are up 26% from a year ago, 28% of listings have had a price cut. Zillow expects prices to rise about 0.4% over the next year. A household needs about $66,345 a year to afford the typical home here at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $69,590. Typical rent is $1,410 a month, or $1,569 for a house. In the latest IRS figures, 1,292 more people moved in than out.
Home value over time
Solid: typical home value · dashed: fair value (household income × the 20-year average price-to-income ratio). Sources: FHFA, Zillow, U.S. Census Bureau.
Prices and affordability
Typical home value
$306,048
Change in 1 year
+1.8%
Overvalued %
+9.0%
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Fair home value
$280,722
Change in 5 years
+27.9%
Zillow forecast, next 12 months
+0.4%
Home value to income
4.4×
Monthly mortgage payment (20% down)
$1,659
Income needed to afford it
$66,345
Property tax rate
0.46%
Rent and investing
Typical rent
$1,410
Typical rent for houses
$1,569
Price-to-rent ratio
18.1×
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HUD Fair Market Rent, 2 bedrooms
$1,270
Gross rental yield
5.53%
Cap rate (estimate)
3.59%
Market activity
Listings vs a year ago
+26.3%
Days on market
72
Listings with a price cut
28.3%
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Homes for sale
701
Pending sales per 100 listings
27
Asking price per sq ft
$211
People and jobs
Median household income
$69,590
Population change (1 year)
+1.2%
Unemployment rate
6.4%
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Population
134,057
Income adjusted for cost of living
$78,990
Net moves in (IRS)
+1,292
Cost of living (US = 100)
88.1
Schools, risk and environment
School rating (1 to 10)
6.5
FEMA hazard risk score (0 to 100)
67.5
Flood risk score
65.4
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Wildfire risk score
51.1
Walkability (1 to 20)
5.8
Road, rail and air noise
54 dB
Questions people ask
Is Cleveland, TN overvalued?
Home prices in Cleveland, TN are slightly above what local incomes have historically supported: fair value is about $280,722, so the area is 9.0% overvalued.
Is Cleveland, TN a buyer's or seller's market?
Cleveland, TN is a buyer's market: homes take about 72 days to sell, listings are up 26% from a year ago, 28% of listings have had a price cut.
Are home prices going down in Cleveland, TN?
Home values in Cleveland, TN are up 1.8% over the last year. Zillow's forecast for the next 12 months is +0.4%.
How much do you need to earn to buy a home in Cleveland, TN?
A household needs about $66,345 a year to afford the typical home in Cleveland, TN at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $69,590.