Real Estate Investing in Cleveland, Tennessee (37312)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 37312 (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.
No major risk flags on the data we track.
What’s happening in Cleveland, TN (37312)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 37312 Cleveland
Not every below-median market is a bargain. Cleveland's 37312 ZIP clocks in at signals that favor experienced operators who can absorb the risk $355K pricing implies.
Meanwhile, the numbers look inviting — $355K purchase price, 0.0% nominal cap — the work to hit that pro forma in 37312 is substantial and deserves full respect.
Regionally, 37312 sits on the difficult end of the TN spectrum. The a viable market for read — for disciplined operators — is that pricing reflects the difficulty.
A significant renter share of 29% in 37312 is not, on its own, a problem — but paired with below-average income and high mobility, it changes the operating playbook.
Strategy in 37312 is an operator game, not a passive one. From a cash-flow lens, entry prices of $355K are inviting, the management lift is real and non-optional.
Here's what matters if you're considering buying a home in Cleveland:
Property Strategy for 37312
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $253,510 | $1,420 | 4.0% | +8.1% | $126,755 |
| 3BR | $349,488 | $1,820 | 3.7% | +9.0% | $116,496 |
| 4BR | $449,892 | $1,880 | 3.0% | +8.6% | $112,473 |
| 5BR | $565,327 | — | — | +8.1% | $113,065 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 37312 Compare?
| Metric | 37312 | Cleveland | Cleveland, TN | Tennessee |
|---|---|---|---|---|
| Home Value | $355,264 | $212,656 | N/A | $327,001 |
| 5-Year CAGR | 6.0% | 6.4% | N/A | 7.7% |
| Avg Rent | $1,355 | $1,354 | N/A | - |
| Cap Rate | 3.0% | 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 37312 (Cleveland, TN). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $355,264 |
| Monthly Rent | $1,355 |
| Price-to-Rent | 21.8:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.6% |
| Cap Rate | 3.0% |
| 5-Year IRR | 9.0% |
📈 Home Appreciation
| 1-Year | +4.1% ▲ |
| 3-Year CAGR | +3.2% ▲ |
| 5-Year CAGR | +6.0% ▲ |
| 10-Year CAGR | +7.2% ▲ |
🏠 Rent Trends
| 1-Year | -0.2% ▼ |
| 3-Year CAGR | +0.5% ▲ |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (3.0%). 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 37312
Population: 36,894
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 37312
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
What is the typical home price in Cleveland, TN?
In Cleveland, TN the median home value sits at $355K. Against the broader TN market, that reads as reasonable for most investors.
Does Cleveland, TN make sense for an investment property?
With a 3.0/5 investability score, Cleveland, TN ranks as a solid market for rental property investors. Median prices of $355K and rents of $1,355/mo drive the underlying numbers.
Are tenants stable in Cleveland, TN?
Cleveland, TN draws a predictable base of working renters. Demand at the $1,355/mo rent level is reasonable for standard single-family and small multi rentals.
What do rentals go for in Cleveland, TN?
Rental rates in Cleveland, TN average $1,355/mo. Tenant demand and $355K home values make the yield look reasonable by investor standards.
How landlord-friendly is Cleveland, TN?
The landlord environment in Cleveland, TN is landlord-friendly. Statewide rules shape most day-to-day operations for rental owners.
You know 37312 now. You don’t know where it ranks.
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How 37312 ranks in Cleveland, TN
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