Cleveland, TN


Highest Appreciating Cleveland Neighborhoods Since 2000

Cleveland, TN Real Estate Data

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q1 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Cleveland Housing Market Information

With 43,898 people, 15,980 houses or apartments, and a median cost of homes of $167,802, Cleveland real estate and house prices are near the national average for all cities and towns.

Single-family detached homes are the single most common housing type in Cleveland, accounting for 58.48% of the city's housing units. Other types of housing that are prevalent in Cleveland include duplexes, homes converted to apartments or other small apartment buildings ( 19.39%), large apartment complexes or high rise apartments ( 16.97%), and a few mobile homes or trailers ( 2.68%).

The most prevalent building size and type in Cleveland are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 43.94% owning and 56.06% renting.

There is a lot of housing in Cleveland built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Cleveland built between 1940-1969 ( 27.18%). A lesser amount of the housing stock also hails from between 2000 and later ( 17.32%). There's also some housing in Cleveland built before 1939 ( 7.40%).

Vacant housing appears to be an issue in Cleveland. Fully 10.15% of the housing stock is classified as vacant. Left unchecked, vacant Cleveland homes and apartments can be a drag on the real estate market, holding Cleveland real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.

Cleveland Home Appreciation Rates

Real estate appreciation rates in Cleveland's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.14% during the period.

Over the last year, Cleveland appreciation rates have trailed the rest of the nation. In the last twelve months, Cleveland's appreciation rate has been 1.07%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Cleveland were at 1.11%, which equates to an annual appreciation rate of 4.52%.

Relative to Tennessee, our data show that Cleveland's latest annual appreciation rate is lower than 80% of the other cities and towns in Tennessee.

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Cleveland differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Cleveland - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Cleveland real estate investment or home purchase decisions.

Average Home Values


Median Home Value:


Value Range
> $1,050,000 0.8
$788,001 - $1,050,000 0.8
$525,001 - $788,000 2.0
$420,001 - $525,000 1.8
$315,001 - $420,000 5.0
$210,001 - $315,000 15.2
$105,001 - $210,000 43.6
$53,001 - $105,000 22.7
$0 - $53,000 8.1

High for TN
Average for Nation

Value Relative to Nation Value Relative to State
42.511426227587 20.6632653061225

Number Of Homes And Apartments:

Cleveland Appreciation Rates

Time Period Total Appreciation Avg. Annual Rate Compared To
Compared To
Latest Quarter:
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
Since 2000:
2000 Q1 - 2017 Q1
28.42% 1.46% 3 3
* 10 is highest

Rent & Ownership


Average Market Rent:
$929 / per month

Homeownership Rate

Owners 43.94
Renters 56.06
Vacant 10.15

Housing Market Details


Age of Homes

AGE OF Cleveland HOMES
2000 or Newer 17.3
1970 - 1999 48.1
1940 - 1969 27.2
1939 or Older 7.4

Types of Homes

Single-Family 58.5
Townhomes 2.5
Small Apt. Buildings 19.4
Apt. Complexes 17.0
Mobile Homes 2.7
Other 0.0

Home Size

No Bedroom 3.89
1 Bedroom 9.83
2 Bedrooms 33.98
3 Bedrooms 37.05
4 Bedrooms 12.03
5 or more bedrooms 3.22