HousingHandbookReference data

U.S. ZIP Code · TN37311

Bradley County · Cleveland, TN

Typical home value

$252,792[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year
+0.5%
5-year / yr
+7.0%
10-year / yr
+7.9%

Relative price

vs U.S.
-11.0%
vs metro
-3.9%
vs state
-4.5%
ZIP 37311 location in TN
Location of ZIP 37311 in TN

Price history

Zillow Home Value Index — monthly, smoothed and seasonally adjusted.

The typical home in 37311 is worth $252,792 — 3.9% below the Cleveland, TN median. Over the past year, values have risen 0.5%. Homes here rent for a typical $1,394 a month — a 6.6% gross rental yield. The effective property tax rate is 0.5%.

#Rent & investment

Typical asking rent, and the returns it implies at the current home value.

Monthly rent
$1,394[2]
Gross yield
6.6%[2]
Cap rate
4.0%[2]

#Property tax

Effective rate — total real estate taxes paid relative to total home value.

Effective tax rate
0.5%[3]
Typical annual tax
$1,207[3]

#Climate risk

FEMA National Risk Index ratings for Bradley County. "Not Applicable" means the hazard does not threaten the county.

Overall risk
Relatively Low[4]
Riverine flood
Relatively Low
Coastal flood
Not Applicable
Wildfire
Very Low
Drought
Relatively Low
Heat wave
Relatively Low
Hurricane
Very Low
Tornado
Relatively Moderate
Earthquake
Relatively Moderate
Winter weather
Relatively Moderate

#Who lives here

Population
30,720[3]
Median household income
$47,153[3]

#Migration

Household moves in and out of Bradley County over a year, from IRS tax-return data.

Net migration
+447[5]
Moved in
3,077
Moved out
2,630

Schools

Open public schools in this ZIP, from the NCES Common Core of Data.

Public schools
11
Elementary
6
Middle
1
High
3
  • Bradley Central High School

    High · Grades 9–12 · Bradley County

    1,662 students

  • Ocoee Middle School

    Middle · Grades 6–8 · Bradley County

    1,045 students

  • Blythe-Bower Elementary

    Elementary · Grades PK–5 · Cleveland

    668 students

  • Black Fox Elementary School

    Elementary · Grades PK–5 · Bradley County

    506 students

  • Mayfield Elementary

    Elementary · Grades PK–5 · Cleveland

    448 students

Run the numbers

Interactive calculators pre-filled with this ZIP's typical home value, rent, and property-tax rate. Edit any field to recompute.

Gross yield6.6%
Net yield (after ~40% expenses)4.0%
Annual rent$16,726

Gross and net yield are estimates based on the inputs and the selected expense ratio. Actual income and expenses will vary by property and market. Not investment advice.

Monthly payment$1,278
Loan principal$202,234
Down payment$50,558
Total interest paid$257,938

Estimated monthly payments include principal and interest only. Actual costs will include property tax, insurance, possibly PMI, and HOA fees not modeled here. Loan terms shown are estimates; consult a licensed lender for current rates and qualification.

Own : rent ratio1.14
Monthly cost to own$1,590
Monthly rent$1,394

Renting is meaningfully cheaper month-to-month.

This calculator projects multi-year scenarios based on assumptions about appreciation, rent growth, and investment returns — none of which are guaranteed. Actual outcomes depend on variables this tool cannot know. Not financial or real estate advice.

#Metro ranking

Where this ZIP sits among others in its metro area.

Appreciation
55th percentile[1]
Rental yield
100th percentile[2]
Property tax
83rd percentile[3]

Frequently asked

How much is a home worth in ZIP code 37311?
The typical home in 37311 is worth $252,792, based on the Zillow Home Value Index.
Are home values rising in 37311?
Home values in 37311 are up 0.5% over the past year, and up 7.0% a year over five years.
What is the typical rent in 37311?
A typical home in 37311 rents for about $1,394 a month, a gross rental yield of 6.6%.
What is the property tax rate in 37311?
The effective property tax rate in 37311 is 0.5% — roughly $1,207 a year on a typical home.
Who lives in 37311?
ZIP code 37311 has a population of 30,720 and a median household income of $47,153.

#Comparable ZIPs

Same metro, nearest typical home value. Each card shows the comparable ZIP's headline numbers so you can scan at a glance.

  • Conasauga CDP, TN

    Typical home
    $255,885
    Gross yield
  • Benton, TN

    Typical home
    $263,044
    Gross yield
  • Delano CDP, TN

    Typical home
    $271,467
    Gross yield
  • Ducktown, TN

    Typical home
    $220,273
    Gross yield
  • TN

    Typical home
    $218,970
    Gross yield
  • Copperhill, TN

    Typical home
    $208,198
    Gross yield

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