Cleveland, TN

Population: 42,068
Average annual home appreciation rate: 8.30%
Total of homes for sale in this market: 1,104
Median home price: $147,292
Median Rent: $517 per room
Home price range: 42.34% of homes are between $95,001 – $190,000
Median sales price: $149,900
Number of homes: 86
Median foreclosure sales price: $85,000
Foreclosure discount: $32,200 ( 27.5% )
Most common home type: 60.65% of homes are SINGLE FAMILY DETACHED
Number of vacant homes: 11.81%
Number of renters: 51.07%
Number of owner occupied: 48.93%
Number people living below poverty level: 23.83%
Unemployment rate: 6.40%
Is this area perfect for real estate deals going on right now? Data shows, Cleveland as being one of the highest appreciating communities in the nation for the latest quarter, and may signal the city’s near-future real estate investment strength. Great home prices, great rental rates, and a market that is moving up in a positive appreciation. There could be some great opportunities in Cleveland.

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