Cleveland, TN · Tennessee
Bradley County
ZIP 37323
109,743 residents791 permits TTM$63,789 median HHI5 ZIP codesUpdated April 16, 2026
Investor first look
Median home value
$230,800
ACS 5-Year
Cap rate proxy
5.0%
FMR × 0.65 ÷ Home Value
Rent-to-income
18.0%
HUD FMR ÷ ACS HHI
Net migration
+1.27%
IRS SOI
Permits (TTM)
791
Census BPS
Climate risk
73.4
FEMA NRI (0–100)
ZIP 37323
Median home value
—
Gross yield
—
Buy Box score
0.6
Section 8 gap
—
Affordability
P/I: 4.6R/I: 31.1%
Section 8 detail
SAFMR: —Rent: —Gap: —
ZIP code breakdown5 ZIP codes
| ZIP | Median home value | Rent (FMR 2BR) | Gross yield | Cap rate ↓ | Rent gap |
|---|---|---|---|---|---|
| 37323 | — | — | — | 6.7% | — |
| 37311 | $247,609 | $1,220 | 5.9% | 6.5% | -10.6% |
| 37312 | — | — | — | 4.7% | — |
| 37310 | — | — | — | 3.3% | — |
| 37353 | $403,445 | $1,290 | 3.8% | 2.9% | 25.7% |
Sort by any column. Click a ZIP for detail. Rent gap: green = HUD FMR above market rent.
Demographics
Owner-occupied
67.5%
Census ACS
Vacancy rate
7.7%
Census ACS
Bachelor's degree +
24.6%
Census ACS
Rent burdened
42.3%
Census ACS (>30% income)
Median age
39.3
Census ACS
U.S. Census Bureau — American Community Survey 5-Year Estimates
U.S. Census Bureau — Building Permits Survey
U.S. Department of Housing and Urban Development — Fair Market Rents / Small Area Fair Market Rents (SAFMR)
Internal Revenue Service — Statistics of Income Migration Data
FEMA — National Risk Index
Last updated: April 16, 2026