Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Cleveland area can be challenging. Home prices in Cleveland are now at a median cost of $197,230, lower than the Tennessee average of $218,916.
The average cost of rent is $862/mo in Cleveland, primarily driven by the current value of real estate in the Cleveland area. While nearly 41.98% of residents own their homes outright in Cleveland, 36.77% rent.
Housing affordability isn’t just about home prices, though. The average household income in Cleveland is $5,040 per month. Households that rent pay about 17.10% of their income on rent here. Cleveland's most expensive areas are in the southeastern regions, while the cheapest areas are in the northwestern parts of the city.
Nearby Cities
- South Cleveland, TN: less expensive homes
- Charleston, TN: less expensive homes
- McDonald, TN: equally priced homes
- Ocoee, TN: less expensive homes
- Watt Heights, TN: less expensive homes
- Mineral Park, TN: equally priced homes
- Old Fort, TN: less expensive homes
- Pine Hill, TN: higher priced homes
- Conasauga, TN: less expensive homes
- Benton, TN: less expensive homes
Cities with Similar Populations
- Moreno Valley, CA: higher priced homes
- New Orleans, LA: higher priced homes
- Montgomery, AL: less expensive homes
- Myrtle Beach, SC: higher priced homes
- Nashville, TN: higher priced homes
- Murrieta, CA: higher priced homes
- Naples, FL: higher priced homes
- Mount Vernon, NY: higher priced homes
- Lodi, CA: higher priced homes
- Lincoln, NE: higher priced homes
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