Markets/Tennessee/Cleveland

Cleveland, TN Real Estate Market 2026

Investor-grade market analytics for Cleveland, Tennessee. Data from Zillow ZHVI, FRED, Census ACS, and FEMA NRI. Data through August 2026.

Median Home Price

$311,101

+2.3% year-over-year

Est. Rental Yield

5.4%

gross annual

12-Month Forecast

+2.3%

base case (Zillow ZHVF)

+2.3% year-over-year

Climate Risk

18/100

Very Low

Market Momentum

➡️
Neutral
4.9mo supply · Score -1/7

Net migration: Top 32% nationally

Income Migration

➡️ Neutral0.99x

In-migrants avg $53,006 AGI vs out-migrants $53,606

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Opportunity Zone Market

3 ZIP codes in Cleveland are designated Qualified Opportunity Zones (IRC 1400Z-2), eligible for capital gains tax deferral on qualifying investments. Learn more →

Cleveland Market Summary

Cleveland, TN shows steady growth at 2.3% year-over-year appreciation, reflecting balanced market conditions with moderate demand. Affordability is moderately stretched with a price-to-income ratio of 4.9x, above the national average of 4.8x. Modest net positive migration (+71 returns/year) provides steady demand support. Climate risk remains low (18/100), favorable for long-term investment stability. Rental yield of 5.43% is moderate, offering acceptable cash flow for leveraged investments.

Affordability

Affordability Score73/100
Price-to-Income Ratio4.9x (national avg 4.8x)
Median Household Income$63,490

Price Forecast Scenarios

12-month projection (Zillow ZHVF model)

Bear Case+1.2%
Base Case+2.3%
Bull Case+3.5%

Climate & Natural Hazard Risk

Cleveland, TN's primary climate exposure is wind storms (50/100). The composite climate risk score of 18/100 (Low) indicates overall risk reflecting favorable conditions for long-term real estate investment. This market benefits from relatively low natural hazard exposure compared to coastal and wildfire-prone regions.

Source: FEMA National Risk Index

Get the full Cleveland dataset

Migration flows, ZIP-level neighborhood data, full demographics, price history, and the Market Screener.