Real Estate Investing in Cleveland, Tennessee (37310)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 37310 (Cleveland, TN)? Our answer, based on the numbers below.
Proceed carefully. Weak appreciation or affordability makes this a harder case for most buyers.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- High vacancy: 12.1% of homes vacant — above national norms.
- High price-to-rent: Price-to-rent ratio 30.2 — hard to cash-flow at these prices.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Cleveland, TN (37310)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 37310 Cleveland
ZIP 37310 in Cleveland, TN carries a healthy set of headwinds. Home values near $362K and rents of $999/mo sit inside a market where underwriting has to be tight.
For an experienced owner, 37310 can be a an appealing option for hunting ground — but the discount at $362K reflects genuine risk that outside investors often underestimate.
On the rental side, 37310 offers a low basis, the region around Cleveland has moved on in ways that the ZIP itself has not fully absorbed. The result is a discount with genuine reasons.
A robust renter share of 18% in 37310 is not, on its own, a problem — but paired with below-average income and high mobility, it changes the operating playbook.
The right play in 37310 usually involves deep tenant screening, aggressive delinquency response, and a conservative capex buffer. Anything less, and the discount can turn into a trap.
Here's what matters if you're considering buying a home in Cleveland:
Market Trends
Home Value History (with trend line)
📊 How Does 37310 Compare?
| Metric | 37310 | Cleveland | Cleveland, TN | Tennessee |
|---|---|---|---|---|
| Home Value | $362,465 | $212,656 | N/A | $327,001 |
| 5-Year CAGR | 6.7% | 6.4% | N/A | 7.7% |
| Avg Rent | $999 | $1,354 | N/A | - |
| Cap Rate | 2.2% | 3.4% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 37310 (Cleveland, TN). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $362,465 |
| Monthly Rent | $999 |
| Price-to-Rent | 30.2:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.3% |
| Cap Rate | 2.2% |
| 5-Year IRR | 8.9% |
📈 Home Appreciation
| 1-Year | +5.8% ▲ |
| 3-Year CAGR | +4.7% ▲ |
| 5-Year CAGR | +6.7% ▲ |
| 10-Year CAGR | +7.9% ▲ |
🏠 Rent Trends
| 1-Year | N/A |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (2.2%). Financing reduces your cash-on-cash return below the cap rate. Markets like this may still make sense as IRR plays — factoring in appreciation, depreciation, and a future refinance when rates drop.
Run an IRR Analysis →⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 37310
Population: 3,824
Crime & Safety
Crime & Safety Data Coming Soon
We're integrating comprehensive crime statistics including violent crime rates, property crime, and safety scores to help you make informed investment decisions.
Expected: Q1 2025
🎓 Schools in 37310
Schools in This ZIP Code
About Repit School Scores
Traditional school ratings rely heavily on standardized test scores, which often reflect family income more than school quality. Repit takes a different approach.
We evaluate schools based on factors that research shows actually impact educational outcomes:
- Class Size — Smaller classes mean more individual attention
- School Funding — Resources available for programs, staff, and facilities
- Community Factors — Neighborhood characteristics that influence student success
- School Environment — Size, type, and structure
Scores are updated annually using federal education data.
🎓 Nearby Colleges & Universities
Investor Insight: With 1,281 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
How much should I expect to pay for a home in Cleveland, TN?
Cleveland, TN median home values land near $362K. That is reasonable territory for investors looking at $999/mo-per-month rentals.
How strong are rents in Cleveland, TN?
Rent in Cleveland, TN is around $999/mo. The resulting rent-to-value relationship with $362K pricing is reasonable for most investor models.
Is Cleveland, TN good for landlords?
Cleveland, TN operates under TN law, which is landlord-friendly overall for landlords. Expect steady treatment in typical lease and eviction cases.
Is Cleveland, TN better for rentals, flips, or BRRRR?
Investors who focus on careful cash-flow rentals with hands-on management typically do well in Cleveland, TN. The numbers - $362K homes against $999/mo rents - support that play.
What kind of tenants rent in Cleveland, TN?
Tenant demand in Cleveland, TN is solid. The local workforce $999/mo rents across most rental classes.
You know 37310 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 37310 compares to every other market. Investor ($19/mo) screens every U.S. ZIP by cap rate, the 1% rule, vacancy and landlord climate, and exports your shortlist.
How 37310 ranks in Cleveland, TN
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