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Cleveland city, TN

ZIP 37311 — Housing & Real Estate

Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.

Working ClassLow Snow Area

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 37311

Median Home Value
$205,800
Median Rent
$682
Affordability Snapshot
$57,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$1,322/mo PITI).

17%
Rent-to-Income Ratio

Below the 30% threshold — generally affordable for median earners.

4.4x
Home Price-to-Income Ratio

Within the typical 3-5x range for home affordability.

25.1 yrs
Price-to-Rent Ratio

Years to break even buying vs renting at median home value and rent.

To comfortably buy a median-priced home in ZIP 37311 in Cleveland city, TN, a household would need roughly $57,000 in annual income under a 20% down, 30-year loan at 6.8% (illustrative), keeping housing costs near 28% of income. Estimated monthly PITI is about $1,322. That is about 22% above the local median household income ($46,827), so the median earner would likely stretch or need a larger down payment. Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Vacancy rate 10% — check local market conditions.

Heating Fuel
Housing Metrics
Owner Occupied
46.0%-30% vs US avg
x
Vacancy Rate
10.1%-2% vs US avg
x
Broadband Access
87.7%+1% vs US avg
x
4+ Bedrooms
1.4%-90% vs US avg
x
Built Pre-1939
5.9%-54% vs US avg
x
Built Post-2014
0.6%-92% vs US avg
x
Rent Burden >30%
20.4%-59% vs US avg
x
Mortgage-Free
43.1%+13% vs US avg
x
$205,800
Home Value
$682
Rent
1978
Year Built
2016
Moved In

Residents have lived here since ~2016 on average

Housing Structure

Census ACS structure types (single-family, multi-unit, etc.).

  • 1-unit detached56.3%
  • 1-unit attached2.7%
  • 2-9 units22.3%
  • 10+ units9.6%
  • Mobile home & other9.1%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$205,800
Median rent$682
Owner-occupied46.0%
Vacant10.1%
Price-to-income4.4x
Est. income to buy$57,000