Cleveland, TN housing market
Typical home value
$308K
▲ 1.1% 1 yr
Typical rent
$1,406/mo
▲ 0.7% 1 yr
Gross rent yield
5.5%
U.S. 6.3%
5-year home value change
+28%
U.S. +20%
Key takeaways
- 1The typical home in Cleveland is worth $308,369, up 1.1% over the past year and up 28% over five years.
- 2Typical rent is $1,406 a month (+0.7% YoY), a gross rent yield of 5.5% (below the Cleveland, TN metro's 5.5%).
- 3With 20% down at 7.32%, principal and interest on the typical home is about $1,695/mo, $289 more than typical rent.
- 4Zillow forecasts the Cleveland, TN metro's home values to change +0.4% over the next 12 months.
Market temperature (Cleveland, TN metro)
Strong buyer's market
Buyer'sNeutralSeller's
Zillow Market Heat Index: 22/100, #522 hottest of 546 metros. Below 44 favors buyers; above 55 favors sellers.
Home values and rent
Source: Zillow Research (ZHVI, ZORI and market activity data).
How Cleveland compares
| Measure | Cleveland | Cleveland, TN metro | United States |
|---|---|---|---|
| Typical home value | $308,369 | $306,048 | $366,157 |
| Home value, 1-yr change | +1.1% | +1.8% | +1.2% |
| Typical rent | $1,406 | $1,410 | $1,932 |
| Rent, 1-yr change | +0.7% | +0.9% | +2.7% |
| Gross rent yield | 5.5% | 5.5% | 6.3% |
| Price-to-rent ratio | 18.3 | 18.1 | 15.8 |
| Mortgage P&I, typical home | $1,695 | $1,682 | $2,012 |
Run the numbers
Rental property calculator
Cash flow on a typical Cleveland rental, pre-filled.
Rent vs buy in Cleveland
Which costs less over the years you'll stay.
Mortgage calculator
Monthly payment on a $308K home.
City figures are Zillow's typical home value (ZHVI) and observed rent (ZORI). Gross yield is before expenses. Data refreshed Oct 26, 2026.