Rental numbers for the Cleveland, TN metro
The typical home here runs -$1,001 a month at 7.78% with 25% down, breaking even at about 0.3%. 0 of 3 ZIP codes with full Zillow data in this metro are cash-flow positive; the median gross yield is 6.3%.
- Gross yield
- 5.4%
- typical home, Zillow
- Median ZIP yield
- 6.3%
- 3 ZIPs with full data
- Cash flow
- -$1,001/mo
- at 7.78%, 25% down
- Typical price
- $311,000
- Zillow ZHVI, Aug 2026
- Typical rent
- $1,407/mo
- Zillow ZORI, Aug 2026
ZIP codes in the metro
13 with published figures
| 37333Farner | $146,000 | $1,090* | 9.0% | 5.1% | -$162 | n/a |
| 37323Cleveland | $302,000 | $1,675 | 6.7% | 3.8% | -$679 | n/a |
| 37311Cleveland | $254,000 | $1,322 | 6.3% | 3.2% | -$693 | +1.4% |
| 37317Turtletown | $213,000 | $1,090* | 6.1% | 2.9% | -$635 | n/a |
| 37391Turtletown | $222,000 | $1,130* | 6.1% | 3.1% | -$620 | n/a |
| 37369Reliance | $227,000 | $1,090* | 5.8% | 2.5% | -$740 | n/a |
| 37362Oldfort | $260,000 | $1,090* | 5.0% | 2.1% | -$957 | n/a |
| 37307Benton | $269,000 | $1,090* | 4.9% | 2.0% | -$1,000 | n/a |
| 37325Delano | $277,000 | $1,090* | 4.7% | 1.8% | -$1,066 | n/a |
| 37312Cleveland | $352,000 | $1,378 | 4.7% | 2.1% | -$1,288 | +1.3% |
| 37361Ocoee | $319,000 | $1,090* | 4.1% | 1.5% | -$1,329 | n/a |
| 37353Mc Donald | $413,000 | $1,290* | 3.8% | 1.3% | -$1,770 | n/a |
| 37310Charleston | $359,000 | $1,110* | 3.7% | 1.3% | -$1,540 | n/a |
* HUD Fair Market Rent, 2 bedroom, where Zillow publishes no rent index. Conservative.
Trends
Five years to August 2026
- Price, 12 months
- +2.3%
- Rent, 12 months
- +1.4%
- Rent minus price growth
- -0.9 pts
- Property tax
- 0.50%
- effective rate, ACS 2024
Show the numbers
| Month | Typical value | Rent |
|---|---|---|
| Aug 2021 | $239,691 | $1,126 |
| Aug 2022 | $278,117 | $1,268 |
| Aug 2023 | $286,945 | $1,340 |
| Aug 2024 | $305,318 | $1,373 |
| Aug 2025 | $304,001 | $1,387 |
| Aug 2026 | $311,101 | $1,407 |
Counties
- Polk County, TNn/a median yield
- Bradley County, TN6.3% median yield
Tools
Questions
- Is the Cleveland, TN metro good for rental property?
- The typical home here runs -$1,001 a month at 7.78% with 25% down, breaking even at about 0.3%. 0 of 3 ZIP codes with full Zillow data in this metro are cash-flow positive; the median gross yield is 6.3%. Figures assume a typical home, 7.78% with 25% down and the default costs on the methodology page.
- Which ZIP codes in the Cleveland, TN metro have the highest rental yield?
- 37323 (Cleveland) at 6.7%, 37311 (Cleveland) at 6.3%, 37312 (Cleveland) at 4.7%, on Zillow value and rent. The full table above sorts by any column.
Sources and method
- Zillow Home Value Index (ZHVI), mid tier, smoothed and seasonally adjusted
Zillow Research. Read: 2026-08.
Typical home value by ZIP, county, metro and state, and the price trend.
- Zillow Observed Rent Index (ZORI), all homes plus multifamily, smoothed
Zillow Research. Read: 2026-08.
Typical market rent by ZIP, county and metro, and the rent trend (tier A pages).
- HUD Small Area Fair Market Rents, FY2026
US Department of Housing and Urban Development. Read: FY2026.
Rent by bedroom count for every ZIP. The rent used on tier B pages, and a reference on all pages. It is the 40th percentile gross rent, so it runs below market.
- American Community Survey 5-year estimates, 2020 to 2024 (B25103 median real estate taxes paid, B25077 median home value, B11001 households)
US Census Bureau. Read: 2020 to 2024.
Effective property tax rate (median taxes paid divided by median value) by ZIP code tabulation area, county and state; households for the permits ratio.
- Freddie Mac Primary Mortgage Market Survey, 30-year fixed (FRED series MORTGAGE30US)
Freddie Mac via the Federal Reserve Bank of St. Louis. Read: 2026-09-24.
The weekly 30-year rate. The site adds a disclosed investor premium to it for the loan payment.
Data: Zillow Research (ZHVI, ZORI), HUD, US Census Bureau, Freddie Mac. Every formula is on the methodology page.
Estimates from public data for a typical property. Not investment, tax or legal advice. Your property, financing and costs will differ.