Cleveland, TN · Tennessee
Polk County
17,702 residents180 permits TTM$60,227 median HHI10 ZIP codesUpdated April 28, 2026
Investor first look
Median home value
$136,400
ACS 5-Year
Cap rate proxy
5.9%
FMR × 0.65 ÷ Home Value
Rent-to-income
13.3%
HUD FMR ÷ ACS HHI
Net migration
+1.67%
IRS SOI
Permits (TTM)
180
Census BPS
Climate risk
31.2
FEMA NRI (0–100)
ZIP code breakdown10 ZIP codes
| ZIP | Median home value | Rent (FMR 2BR) | Gross yield | Cap rate | Rent gap |
|---|---|---|---|---|---|
| 37316 | — | — | — | 5.9% | 45.8% |
| 37326 | — | — | — | 5.9% | 45.8% |
| 37333 | — | — | — | 5.9% | 45.8% |
| 37369 | — | — | — | 5.9% | 45.8% |
| 37317 | — | — | — | 3.9% | 45.8% |
Ranked by composite score
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Demographics
Owner-occupied
84.1%
Census ACS
Vacancy rate
19.3%
Census ACS
Bachelor's degree +
14.7%
Census ACS
Rent burdened
34.9%
Census ACS (>30% income)
Median age
46.2
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 28, 2026