Cleveland, TN Housing Market
AI-powered market intelligence for the Cleveland, TN metro area.
PropertyIQ Scores
Cleveland, TN Market Analysis
Market Overview
With a PropertyIQ Score of 26 out of 100, Cleveland, TN is positioned as a weak market relative to state benchmarks. The median home value is $311,101, below the state average of $334,108. The rent index is $1,407, above the state average of $1,189. Median household income is $66,135, below the state average of $69,595, and unemployment is 4.0 percent, compared with 3.4 percent statewide. These indicators show a market where home prices are lower than the state average, but local incomes are also lower and the labor market is softer.
The score is shaped by several drivers. Home value momentum is 4.94 percent over 12 months but -0.75 percent over 3 months. Median days on market is 64 days, and 25.1 percent of listings have a price cut. The positive 12-month figure suggests some recent annual growth, but the negative 3-month number and the high share of price cuts point to cooling demand. There are 709 homes for sale, and population growth data is not available.
Key Trends
One trend is cooling price momentum. The 12-month home value momentum is 4.94 percent, but the 3-month momentum is -0.75 percent. The home value year-over-year figure is $0, indicating flat dollar appreciation in that reported metric. This suggests the market has shifted from modest growth to flat or slightly negative recent movement.
A second trend is slower selling conditions. Median days on market is 64 days, and 25.1 percent of listings have a price cut. With 709 homes for sale, sellers appear to be adjusting prices to attract buyers. No state benchmark is provided for days on market or price cuts, but these local figures indicate a patient, buyer-friendly environment.
A third trend is rental strength relative to home values. The rent index of $1,407 is above the state average of $1,189, while the median home value of $311,101 is below the state average of $334,108. This combination may create more favorable conditions for rental cash flow. However, median household income is $66,135 versus $69,595 statewide, so tenant affordability may be a limiting factor.
A fourth trend is an economic gap. The unemployment rate of 4.0 percent is higher than the state average of 3.4 percent, and median household income is below the state average. These gaps are not extreme, but they indicate the local economy is not outperforming the state and may weigh on housing demand. Population growth is listed as N/A, so demographic trends cannot be assessed.
Who Is This Market For
This market may suit rental-focused investors more than short-term appreciation buyers. The rent index of $1,407 exceeds the state average of $1,189, while the median home value of $311,101 is below the state average of $334,108. That can create a more favorable price-to-rent relationship. In addition, the 25.1 percent share of listings with price cuts and 64-day median days on market may give investors negotiation room. However, the PropertyIQ Score of 26 out of 100 signals weak momentum, so investors should focus on long-term cash flow rather than quick equity gains.
First-time buyers may find opportunities because the median home value is below the state average and price cuts are common. But median household income is $66,135, below the state average of $69,595, and unemployment is 4.0 percent versus 3.4 percent statewide. These factors may limit how many first-time buyers can qualify or feel secure buying. Move-up buyers are likely to face challenges because homes are taking 64 days on average to sell and more than one in four listings have a price cut. Overall, the market appears more suited to patient buyers and cash-flow-focused investors than to sellers or short-term flippers.
Outlook
The near-term outlook is cautious. The 3-month home value momentum of -0.75 percent, combined with a 64-day median days on market and a 25.1 percent share of listings with price cuts, suggests selling conditions are likely to remain soft in the short term. The 12-month momentum of 4.94 percent shows some longer-term growth, but the $0 home value year-over-year figure and recent negative quarterly momentum indicate that appreciation has stalled. The rental market may provide relative stability because the rent index is above the state average and home values are below the state average. However, unemployment at 4.0 percent and median household income below the state benchmark may constrain local demand. Population growth data is not available, which limits demographic-based outlook. Based on current numbers, Cleveland is likely to see continued price sensitivity and slower sales until demand strengthens or inventory tightens.
AI-generated analysis based on current market data. Last updated October 2, 2026.
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Cleveland, TN market data
Cleveland, TN Housing Market Overview
Cleveland, TN's median home value is $311K, up 4.9% over the past year. Homes here sell in a median 64 days. Its PropertyIQ Score of 26 sits below the state average of 50, marking a market positioned to lag its state over the next three years.
Understanding the Cleveland, TN housing market requires looking beyond headline price figures. The PropertyIQ Score reads both sides of market strength: Zillow price momentum across 3- and 12-month windows, and Realtor.com flow signals — days on market and the share of listings with price cuts. Together they predict how this TN metro is set to perform relative to the rest of its state.
Southeastern markets benefit from manufacturing investment, logistics infrastructure, and relative affordability compared to national averages. The region's population growth — driven by both domestic migration and natural increase — supports sustained housing demand across metro and suburban areas. Within the Southeast, Cleveland, TN's PropertyIQ Score of 26 runs below the Southeast norm.
Tennessee's no-income-tax status and central location have fueled Nashville's rise as a corporate relocation destination, while Memphis and Knoxville offer more affordable alternatives with their own economic drivers.
The PropertyIQ Score for the Cleveland, TN market is built from four inputs: Zillow home-value momentum over twelve months, Zillow home-value momentum over three months, the median days listings spend on the market (Realtor.com), and the share of listings with a price cut (Realtor.com). The score runs on a 1 to 99 scale computed across all metro markets nationally and calibrated so 50 equals the state average — a score above 50 means this market is positioned to outperform its state, and a score below 50 means it is set to lag. Momentum here has been positive, with home values up 4.9% over the past year.
Use PropertyIQ's interactive analytics to compare Cleveland, TN against any other US metro on its PropertyIQ Score and underlying metrics. Generate a free AI market report, explore historical trends on the graphs page, or see how this market ranks on the scores dashboard.
Counties in the Cleveland, TN metro area
ZIP codes in the Cleveland, TN metro area
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Market data through August 2026. Sourced from Zillow, Realtor.com, Redfin, U.S. Census Bureau, FRED, BLS, and BEA. Per-statistic source and date shown above.
Frequently Asked Questions
Is Cleveland, TN a good place to buy real estate in 2026?
PropertyIQ doesn't label markets simply good or bad. Instead, the PropertyIQ Score measures a market's demand momentum against its own state, where 50 marks the state average. Cleveland, TN currently scores 26, a weak-momentum reading that leaves it positioned to lag its state over the next three years. For buyers, cooling demand usually brings more inventory, longer sale times, and real leverage to negotiate on price. Backing that up, the median home value here is $311K, up 4.9% over the past year. So whether Cleveland, TN is right for you comes down to your goals: a rising-momentum market can favor long-term appreciation but offers less room to negotiate, while a cooling one hands buyers more leverage. Treat the score as a timing signal to weigh alongside your budget, holding period, and plans for the property, not a verdict on the market's quality.
What is the PropertyIQ Score for Cleveland, TN?
Cleveland, TN's PropertyIQ Score is 26, indicating weak momentum on a 1-to-99 scale. The score distills four transparent inputs into a single number: Zillow home-value momentum over the past 12 months, Zillow home-value momentum over the past 3 months, the median days homes spend on the market from Realtor.com, and the share of listings with a price cut, also from Realtor.com. Rising values and faster sales push the score up, while slow sales and frequent price cuts pull it down. The scale is calibrated so 50 equals the state average, meaning a score above 50 predicts the market will outperform its state over the next three years and a score below 50 predicts underperformance. PropertyIQ computes the score across every US market nationally, then recenters it against each state, so 26 places Cleveland, TN below its state benchmark.
Are home prices in Cleveland, TN rising or falling?
Home prices in Cleveland, TN are rising. Over the past year, the median home value increased 4.9%, reaching $311K. Over the latest three months, values slipped 0.8%, a sign near-term demand is softening. PropertyIQ derives these figures from Zillow's home-value index, which tracks the typical value across the market rather than only the homes that happened to sell, giving a steadier read than a raw median sale price. Both the 12-month and 3-month momentum readings feed directly into the PropertyIQ Score, so this price trend is one of the core signals behind Cleveland, TN's current score. Keep in mind that appreciation can vary widely by neighborhood and price tier across the metro area, so treat these figures as the market-wide baseline rather than a guarantee for any single property.
How quickly do homes sell in Cleveland, TN?
In Cleveland, TN, homes sell in a median of 64 days from listing to pending sale, based on Realtor.com market data. Median days on market is one of the clearest real-time reads on local demand: when homes move quickly, buyers are competing and sellers hold the advantage, while lengthening timelines signal cooling interest and more room to negotiate. Alongside sale speed, about 25% of active listings here have taken at least one price cut — a complementary demand gauge, since a rising share of reductions often precedes slower sales and softer prices. Both median days on market and the price-cut share feed directly into the PropertyIQ Score, where faster sales and fewer cuts push the score higher. As a general guide, medians under about 30 days indicate a brisk, competitive market, while medians well beyond 60 days point to buyers regaining leverage. Actual time on market still varies by price band, property type, and season, so treat the median as a market-wide baseline.
How current is this metro area data?
This Cleveland, TN market data is refreshed on a monthly cycle, with the latest figures current through August 2026. PropertyIQ ingests fresh data every month from a range of authoritative sources: home values and rents from Zillow, days on market and price-cut activity from Realtor.com, additional housing signals from Redfin, demographic and housing-stock data from the U.S. Census Bureau, mortgage and macroeconomic series from FRED, and employment figures from the Bureau of Labor Statistics and the Bureau of Economic Analysis. The PropertyIQ Score itself is recomputed every month once the new source data lands, so the score and its four underlying inputs always reflect the most recent complete reporting period rather than a static snapshot. Because official housing data is typically released with a short lag, the current-through date usually trails the present by a few weeks, which is normal across the industry and not a sign the data is out of date.