Cleveland, TN home prices
Typical home $306,048 · +1.8% in a year · income needed $82,100
The Cleveland, TN metro area ranks 307 of 894 U.S. metros for home values (U.S. typical home: $366,157). Prices changed +1.8% in a year and +27.9% over five years. With 20% down at 7.11%, the typical home costs about $1,916 a month including 0.45% property tax (Bradley County rate).
Mortgage on the typical Cleveland home
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $61,210 | $244,838 | $1,647 | $0 | $269 | $1,916 | $82,100 |
| 10% down | $30,605 | $275,443 | $1,853 | $115 | $269 | $2,236 | $95,800 |
| 5% down | $15,302 | $290,745 | $1,956 | $121 | $269 | $2,346 | $100,500 |
| 3.5% down (FHA) | $10,712 | $300,504 | $2,022 | $135 | $269 | $2,425 | $103,900 |
Assumes a 30-year fixed loan at 7.11%, property tax of 0.45% of the home value a year, homeowners insurance of 0.6% a year, PMI of 0.5% of the loan a year when the down payment is under 20%, and FHA mortgage insurance of 0.55% a year plus a 1.75% upfront premium added to the loan. Your rate, taxes and insurance will differ.
Counties in the Cleveland area
| County | Typical home | 1-yr change | Tax rate |
|---|---|---|---|
| Bradley County, TN | $313,180 | +1.4% | 0.45% |
| Polk County, TN | $252,394 | +6.7% | 0.5% |
What can you afford in Tennessee on your salary? · Tennessee home prices · Salaries in Tennessee
Frequently asked questions
How much is a house in Cleveland?
The typical home in the Cleveland, TN metro area is worth $306,048 (Zillow, September 2026).
What salary do you need to buy a house in Cleveland?
About $82,100 a year for the typical home with 20% down at 7.11%.