Is Cleveland, TN a good place to invest in rental property?

Cleveland, TN has a median modeled monthly cash flow of $-787 and a median cap rate of 3.6%, on a median sold price of $317,000. Prices changed -2.1% year over year.

What is the average cap rate in Cleveland, TN?

The median cap rate across recently sold homes in Cleveland, TN is 3.6%, based on CashFlowRE's rent and expense modeling.

What is the median home price in Cleveland, TN?

The median sold price in Cleveland, TN is $317,000 (about $189 per square foot).

Investing in Cleveland, TN Real Estate

A data-driven snapshot of the Cleveland, TN rental-property market, built from recently sold homes and CashFlowRE's per-listing investment modeling — median price, cap rate, monthly cash flow, appreciation and inventory — so you can judge the market before you ever open a listing.

$317,000Median sold price

$189Median $/sqft

3.6%Median cap rate

$-787Modeled cash flow / mo

-2.1%Appreciation YoY

9.7Months of supply

1,224Active listings

1,509Sold (last 12 mo)

What the Cleveland numbers say

In Cleveland, TN, the median home sold for $317,000 (about $189 per square foot), and the typical deal models out to a 3.6% cap rate with a median $-787 of monthly cash flow. Sold prices moved -2.1% over the past year. Inventory sits at about 9.7 months of supply — a looser, buyer-friendly market. These are medians across recorded sales; individual properties vary widely, which is exactly what CashFlowRE scores listing by listing.

🔨 See 5 fix-and-flip deals in Cleveland — listings where the estimated after-repair value beats list price + rehab.

Other Tennessee markets to compare

See Cleveland cash-flowing listings

CashFlowRE ranks every for-sale home in Cleveland, TN by cap rate, cash-on-cash return, DSCR and monthly cash flow — so the best rental deals rise to the top. Create a free account to screen Cleveland deals, or browse the national market data.