A typical Cleveland home is worth about $313,000
Up 1.7% in a year, 6% below the Tennessee typical home. Homes typically sell in 63 days, below asking.
What kind of housing town is Cleveland?
Read from the numbers below. The page puts what stands out first.
A two-bedroom rents for about $1,330
Renters already here pay a median of $1,034, so moving in tends to cost more than staying put.
Fair Market Rent a month, utilities included
How Cleveland ranks on rent that’s easy to afford →
U.S. Department of Housing and Urban Development, Fair Market Rents by ZIP code (Cleveland, TN MSA): the 40th-percentile rent plus utilities for a standard unit. Median rent and renters: U.S. Census Bureau, American Community Survey.
4 of Cleveland’s houses are on the National Register
Half of Cleveland’s homes were built before 1983.
Tennessee: 67% own.
U.S. Census Bureau, American Community Survey 2020-2024. Historic houses: National Register of Historic Places.
Up 29.9% in five years
Faster than Tennessee (24.8%).
Show as a table
| January | Cleveland | Tennessee |
|---|---|---|
| 2017 | $160,000 | $174,000 |
| 2018 | $168,000 | $187,000 |
| 2019 | $179,000 | $198,000 |
| 2020 | $192,000 | $215,000 |
| 2021 | $215,000 | $238,000 |
| 2022 | $259,000 | $287,000 |
| 2023 | $278,000 | $313,000 |
| 2024 | $298,000 | $326,000 |
| 2025 | $311,000 | $334,000 |
| 2026 | $313,000 | $333,000 |
| August 2026 | $313,000 | $334,000 |
A typical Cleveland home worth $156K in September 2016 is worth about $313K today.
How Cleveland ranks on rising home prices →
Zillow Home Value Index: the typical value of all homes (middle third), smoothed and seasonally adjusted, through August 2026.
A balanced market
About 5.5 months of supply: neither buyers nor sellers have a clear edge.
Under ~4 months of supply favors sellers; over ~6 favors buyers.
Redfin Data Center, all residential sales, May 2026.
A typical home costs 5.4 years of income
More than across Tennessee (4.8 years). Try your own numbers below.
That’s $73K short of a typical Cleveland home.
A two-bedroom rents for about $1,330 a month here, $460 less than owning.
How Cleveland ranks on affordability →
An estimate, not a loan offer: payments of up to 28% of income, a 30-year fixed loan, Cleveland’s typical property tax (0.58% of value a year, from the Census) and insurance of about 0.35%. Mortgage insurance, HOA fees and other debts aren’t included.
572 new homes permitted in 2025
Builders were permitted 572 new homes in Cleveland in 2025: 482 single-family houses and 90 in buildings with two or more homes, worth about $144.5 million to build. That's 12 per 1,000 residents, faster than across Tennessee (7.8). Over the past 10 years, Cleveland has permitted 3,288 homes in all.
Between the 2010 and 2020 censuses, Cleveland gained 6,071 residents while 2,269 new homes were permitted: about 2.7 new residents per new home. Building and growth moved roughly in step. Across Tennessee: 2 new residents per new home.
Every year as a table
| Year | New homes | Single-family | 2+ per building | Value |
|---|---|---|---|---|
| 2026 (Jan–Aug) | 329 | 298 | 31 | $97.4 million |
| 2025 | 572 | 482 | 90 | $144.5 million |
| 2024 | 461 | 427 | 34 | $119.7 million |
| 2023 | 392 | 346 | 46 | $91 million |
| 2022 | 438 | 289 | 149 | $102.4 million |
| 2021 | 278 | 253 | 25 | $75.6 million |
| 2020 | 245 | 208 | 37 | $41.5 million |
| 2019 | 300 | 170 | 130 | $37 million |
| 2018 | 218 | 152 | 66 | $29.5 million |
| 2017 | 219 | 101 | 118 | $27.4 million |
| 2016 | 165 | 100 | 65 | $20.9 million |
| 2015 | 375 | 82 | 293 | $33.4 million |
| 2014 | 330 | 70 | 260 | $25.6 million |
| 2013 | 138 | 112 | 26 | $14.3 million |
| 2012 | 122 | 77 | 45 | $10.5 million |
| 2011 | 103 | 48 | 55 | $10.2 million |
| 2010 | 299 | 48 | 251 | $22.1 million |
| 2009 | 109 | 50 | 59 | $8.5 million |
| 2008 | 186 | 92 | 94 | $21.3 million |
| 2007 | 329 | 171 | 158 | $32.7 million |
| 2006 | 197 | 151 | 46 | $24.1 million |
| 2005 | 227 | 169 | 58 | $30.5 million |
| 2004 | 365 | 199 | 166 | $41.9 million |
| 2003 | 238 | 140 | 98 | $24.1 million |
| 2002 | 162 | 122 | 40 | $16.9 million |
| 2001 | 145 | 94 | 51 | $14.6 million |
| 2000 | 158 | 96 | 62 | $12.8 million |
How Cleveland ranks on new homes being built →
Homes authorized by building permits, counted in the year the permit was issued. U.S. Census Bureau, Building Permits Survey.
Cleveland vs. its neighbors
Cleveland is the priciest of 5 neighboring towns. Tap one to see its housing page.
Compare more
| Town | Typical value | 1-yr change | 2-bed rent | New homes 2025 | Median income |
|---|---|---|---|---|---|
| Cleveland | $313K | +1.7% | $1,330 | 572 | $58,559 |
| South Cleveland | $233K* | +2.3%† | $1,230 | — | $66,601 |
| East Cleveland | $124K* | +1.3%† | $1,220 | — | $48,878 |
| Hopewell | $306K* | +3.1%† | $1,420 | — | $87,842 |
| Wildwood Lake | $232K* | +4.9%† | $1,220 | — | $62,722 |
Typical value: Zillow Home Value Index; * Census median home value where Zillow has none. † FHFA price index change where Zillow has none. Rent: HUD Fair Market Rent. New homes: Census building permits.
On the market in Cleveland
Listed in the past 60 days. Each opens on the listing site.
Neighbors talk housing
What Cleveland buyers, sellers and renters are saying.
Your answer becomes a post in Town Square.
Home values: Zillow Home Value Index (ZHVI), Zillow Research, August 2026. Sales, days on market and supply: Redfin Data Center, May 2026. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. New homes: U.S. Census Bureau, Building Permits Survey. Fair Market Rents: U.S. Department of Housing and Urban Development. Historic houses: National Register of Historic Places. Listings link to their publishers. The calculator is an estimate, not a loan offer.