Real Estate Investing in Cleveland, Tennessee (37311)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 37311 (Cleveland, TN)? Our answer, based on the numbers below.
Mixed — home prices are stretched relative to local incomes. Run the math on your specific situation.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- Elevated vacancy: 11.5% vacancy may signal weakening demand.
What’s happening in Cleveland, TN (37311)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 37311 Cleveland
Investors eyeing 37311 need to respect the fundamentals at play. Home values of $254K come alongside slower price movement and elevated management overhead.
Stepping back, the numbers look inviting — $254K purchase price, 0.0% nominal cap — the work to hit that pro forma in 37311 is substantial and deserves full respect.
From a cash-flow lens, 37311 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.
The 37311 ZIP's population of 31,043 has faced economic pressure over the last decade. That pressure shows up in rent delinquency patterns that comes in at the need for careful underwriting.
The 37311 ZIP fits a narrow investor profile — hands-on, patient, and willing to accept that the cap rate on paper is not the cap rate in reality.
Here's what matters if you're considering buying a home in Cleveland:
Property Strategy for 37311
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $190,903 | $1,220 | 4.6% | +12.4% | $95,451 |
| 3BR | $283,351 | $1,570 | 4.0% | +9.6% | $94,450 |
| 4BR | $395,055 | $1,620 | 3.0% | +8.4% | $98,764 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 37311 Compare?
| Metric | 37311 | Cleveland | Cleveland, TN | Tennessee |
|---|---|---|---|---|
| Home Value | $254,348 | $212,656 | N/A | $327,001 |
| 5-Year CAGR | 6.3% | 6.4% | N/A | 7.7% |
| Avg Rent | $1,385 | $1,354 | N/A | - |
| Cap Rate | 4.3% | 3.4% | - | - |
Similar ZIPs Within 25 Miles
Compare other nearby markets to see if a neighbor offers a better fit.
Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 37311 (Cleveland, TN). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $254,348 |
| Monthly Rent | $1,385 |
| Price-to-Rent | 15.3:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 6.5% |
| Cap Rate | 4.3% |
| 5-Year IRR | 10.5% |
📈 Home Appreciation
| 1-Year | +2.7% ▲ |
| 3-Year CAGR | +3.3% ▲ |
| 5-Year CAGR | +6.3% ▲ |
| 10-Year CAGR | +7.9% ▲ |
🏠 Rent Trends
| 1-Year | +1.5% ▲ |
| 3-Year CAGR | +2.6% ▲ |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (4.3%). 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 37311
Population: 31,043
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 37311
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 1,008 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
Is real estate in Cleveland, TN a good investment right now?
Cleveland, TN rates 3.0/5 for investability. With median values at $254K and rents near $1,385/mo, the market offers reasonable fundamentals for rental investors.
What are home prices like in Cleveland, TN?
Median home price in Cleveland, TN is near $254K, with a 5-year CAGR of 0.0%. Prices have been predictable and supportive of buy-and-hold strategies.
Are there empty rentals in Cleveland, TN?
Vacancy in Cleveland, TN is elevated, which keeps landlord downtime on reasonable timelines. Most properties lease within the standard window at $1,385/mo.
Are eviction rules reasonable in Cleveland, TN?
Cleveland, TN falls under TN landlord-tenant law, which is landlord-friendly. That backdrop makes day-to-day property management reasonable.
What do rentals go for in Cleveland, TN?
Average rent in Cleveland, TN is approximately $1,385/mo per month. Against $254K home values that yields a reasonable rent-to-price ratio.
You know 37311 now. You don’t know where it ranks.
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How 37311 ranks in Cleveland, TN
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