How much is a home worth in ZIP code 37323?

The typical home in 37323 is worth $301,239, based on the Zillow Home Value Index.

Are home values rising in 37323?

Home values in 37323 are up 1.4% over the past year, and up 7.3% a year over five years.

What is the typical rent in 37323?

A typical home in 37323 rents for about $1,656 a month, a gross rental yield of 6.6%.

What is the property tax rate in 37323?

The effective property tax rate in 37323 is 0.4% — roughly $1,170 a year on a typical home.

ZIP code 37323 has a population of 31,948 and a median household income of $68,768.

HousingHandbookReference data

…

U.S. ZIP Code · TN37323

Bradley County · Cleveland, TN

Typical home value

$301,239^[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year: +1.4%
5-year / yr: +7.3%
10-year / yr: +7.8%

Relative price

vs U.S.: +6.0%
vs metro: +14.5%
vs state: +13.8%

Price history

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

The typical home in 37323 is worth $301,239 — 14.5% above the Cleveland, TN median. Over the past year, values have risen 1.4%. Homes here rent for a typical $1,656 a month — a 6.6% gross rental yield. The effective property tax rate is 0.4%.

#Rent & investment

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

Monthly rent: $1,656^[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: 0.4%^[3]
Typical annual tax: $1,170^[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: 31,948^[3]
Median household income: $68,768^[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: 7
Elementary: 6
Middle: 1
High: 0

Lake Forest Middle School
Middle · Grades 6–8 · Bradley County
1,174 students
Waterville Community Elementary School
Elementary · Grades PK–5 · Bradley County
672 students
Michigan Avenue Elementary School
Elementary · Grades PK–5 · Bradley County
453 students
Park View Elementary School
Elementary · Grades PK–5 · Bradley County
443 students
Oak Grove Elementary School
Elementary · Grades PK–5 · Bradley County
380 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.

Home value$Monthly rent$

Gross yield6.6%

Net yield (after ~40% expenses)4.0%

Annual rent$19,872

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.

Home price$Down payment%Interest rate%Loan termyears

Monthly payment$1,523

Loan principal$240,992

Down payment$60,248

Total interest paid$307,371

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.

Home price$Monthly rent$Down payment%Mortgage rate%Property tax rate% / yrMaintenance% / yrRule of thumb: 1% of home value per year.

Own : rent ratio1.13

Monthly cost to own$1,872

Monthly rent$1,656

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: 64th percentile^[1]
Rental yield: 50th percentile^[2]
Property tax: 42nd percentile^[3]

Frequently asked

How much is a home worth in ZIP code 37323?: The typical home in 37323 is worth $301,239, based on the Zillow Home Value Index.
Are home values rising in 37323?: Home values in 37323 are up 1.4% over the past year, and up 7.3% a year over five years.
What is the typical rent in 37323?: A typical home in 37323 rents for about $1,656 a month, a gross rental yield of 6.6%.
What is the property tax rate in 37323?: The effective property tax rate in 37323 is 0.4% — roughly $1,170 a year on a typical home.
Who lives in 37323?: ZIP code 37323 has a population of 31,948 and a median household income of $68,768.

#Comparable ZIPs

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

37361 vs 37323 →
Ocoee CDP, TN
Typical home
$314,362
Gross yield
—
37325 vs 37323 →
Delano CDP, TN
Typical home
$271,467
Gross yield
—
37307
Benton, TN
Typical home
$263,044
Gross yield
—
37362
Conasauga CDP, TN
Typical home
$255,885
Gross yield
—
37311
Cleveland, TN
Typical home
$252,792
Gross yield
6.6%
37312
Cleveland, TN
Typical home
$352,272
Gross yield
4.7%

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Pit ZIP 37323 against any other ZIP — full side-by-side table.

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#Jump to section

U.S. ZIP Code · TN37323

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