Real Estate Market Update for Cleveland, TN
Welcome to December's Market Update,. Let’s take a look at residential real-estate activity in your area during the month of December. The number of active listings was down 31% from one year earlier, and down 21% from the previous month. This smaller inventory means that buyers who waited to buy may have had a smaller selection to choose from. As you can see, the median listing price for the month was just over 180-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold was down 46%. This lower number of days may signal a positive trend in the local inventory-turnover rate. The median sale price was 300-thousand dollars. The number of units sold increased more than 125% year-over-year, and increased 40% month-over-month. These figures may indicate that buyers have been taking advantage of opportunities in this market. Thanks for watching. We hope you use this information to make smart, informed decisions in your upcoming real-estate transactions. Feel free to contact us for more information or further assistance.
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Map Information for Cleveland, TN
Area Information for Cleveland, TN
  • Population: 42,067
  • Median Age: 34.6 yr
  • Median Commute Time: 13.36 mins
  • Educational Climate*: 4
  • Sales Tax: 9.75%
  • Population Density: 1,564/sq mi
  • Population Change Since 2000: 12.18%
  • Closest Airport: Lovell Field
  • Closest College: Lee University
  • Closest Jr. College: Cleveland State Community College
  • Median Household Income: $36,855
  • Annual Residential Turnover: 22.77%
  • Median Years in Residence: 2.67 yr
  • Median Home Sales Price: $110,000
  • Closest Major Sports Team: Chattanooga Lookouts
  • Change Avg. Household Income Since 2000: 21%
* Scale from 1-5  ** Index where 100 is the national average
Demographic Data for Cleveland, TN
Median Age: 34.6 Married: 33% Number of Households: 16,407 Households with Children: 5,025
Community:
    • Occupancy Types
      • 3599 Vacant
      • 8822 Owned
      • 12512 Rented
    • Transportation to Work
      • 43% Drive
      • 47% Public Transportation
      • 8% Walk / Bike / Other
      • 8% Work at Home
    National Index Comparisons:
    (100 National Average)
      • Population By Sex(%)
        • 50% Male
        • 50% Female
      • White/Blue Collar Jobs
        • 50% White Collar
        • 50% Blue Collar
      School Data for Cleveland, TN

      School Name Distance Type Grades GreatSchools Rating Parent Rating
      Landmark Christian Day School 0.6 mi Private 6-12 0 0
      Blythe- Bower Elementary School 1.1 mi Public PRESCHOOL-5 1 4
      Cleveland Christian School 1.1 mi Private PRESCHOOL-12 0 4
      Oak Grove Elementary School 1.1 mi Public PRESCHOOL-5 3-5 5
      Lee Univ. Developmental Inclusion Classroom 1.3 mi Private PRESCHOOL-11 0 0
      Arnold 1.4 mi Public PRESCHOOL-5 2 3
      Mayfield Elementary School 1.5 mi Public K-5 2 5
      Bradley Central High School 1.7 mi Public 9-12 3 4
      Ocoee Middle School 1.8 mi Public 6-8 3-5 4
      George R Stuart 2.1 mi Public PRESCHOOL-5 2-5 4
      Parkview Elementary School 2.2 mi Public PRESCHOOL-5 2 5
      United Christian Academy 2.4 mi Private PRESCHOOL-6 0 0
      United Christian Academy 2.4 mi Private PRESCHOOL-7 0 5
      N. Cleveland Goal Academy 2.5 mi Public 7-12 0 3
      Michigan Avenue 2.5 mi Public PRESCHOOL-5 4-5 5
      Bowman Hills School 2.7 mi Private PRESCHOOL-8 0 5
      Cleveland High School 3.1 mi Public 9-12 3-5 3
      First Baptist Weekday Ministry 3.2 mi Private PRESCHOOL-K 0 0
      Lake Forest Middle School 3.2 mi Public 6-8 2 4
      Waterville Community Elementary School 3.4 mi Public PRESCHOOL-5 3-5 3
      Prospect Elementary School 3.8 mi Public PRESCHOOL-5 3 5
      Black Fox Elementary School 3.8 mi Public PRESCHOOL-5 3 5
      Reach Adult High School 3.9 mi Public - 0 0
      Donald P Yates Prim 4.0 mi Public PRESCHOOL-2 0 5
      Cleveland Middle School 4.2 mi Public 6-8 3 4
      Harvest Chr Academy 4.2 mi Private K-11 0 5
      Ernest L Ross 4.2 mi Public 3-5 3-5 4
      North Lee Elementary School 4.3 mi Public K-5 4-5 5
      Tennessee Christian Preparatory School 4.8 mi Private PRESCHOOL-12 0 5
      Taylor Elementary School 4.9 mi Public PRESCHOOL-5 2-5 4
      Montessori Kinder 5.2 mi Private PRESCHOOL-5 0 0
      Shenandoah Baptist Academy 5.3 mi Private PRESCHOOL-12 0 3
      Hopewell 6.1 mi Public PRESCHOOL-5 3-5 4
      Valley View Elementary School 7.6 mi Public PRESCHOOL-5 3 4
      Walker Valley High School 9.7 mi Public 9-12 4 4
      Proximity to listed schools and their school district(s) does not guarantee enrollment eligibility. Please contact a local real estate professional or the local school district(s) for the most current information relating to schools in the area. Sources: GreatSchools.org and Onboard Informatics © 2015
      Local Weather for Cleveland, TN
        Community information and market data Powered by Onboard Informatics. Copyright ©2015 Onboard Informatics. Information is deemed reliable but not guaranteed. * Based on a 30-year fixed rate of 4.75% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.