ZIP Code 37323 — Cleveland, TN Home Prices (2026)
The typical home in ZIP 37323 (Cleveland, Tennessee) is worth about $304,000 at roughly $204 per square foot — about the same as the Cleveland median and 3% more expensive than the typical U.S. home.
How 37323 compares
ZIP 37323 is a mid-priced ZIP code for Cleveland: its typical home value of $304,000 ranks #2 of the 3 Cleveland ZIP codes we track (the citywide range runs from $254,000 in 37311 to $355,000 in 37312). Per square foot it costs about $204, against $204 for Cleveland as a whole, $211 for Tennessee, and $195 nationally.
| Area | Typical value | $ / sq ft |
|---|---|---|
| ZIP 37323 | $304,000 | $204 |
| Cleveland, TN | $304,000 | $204 |
| Tennessee | $272,500 | $211 |
| United States | $294,000 | $195 |
Home value by size in 37323
Using this ZIP’s rate of about $204 per square foot. Condition, lot, and the exact street move these meaningfully — use the estimator below for a home-specific figure.
| Home size | Estimated value |
|---|---|
| 1,000 sq ft | $204,000 |
| 1,500 sq ft | $306,000 |
| 2,000 sq ft | $408,000 |
| 2,500 sq ft | $510,000 |
| 3,000 sq ft | $612,000 |
Salary needed to buy a home in ZIP 37323
To buy the typical $304,000 home in ZIP 37323 with 20% down, you need a household income of roughly $83,000 a year (about $1,930 a month for the mortgage, taxes, and insurance). With 10% down the bar rises to about $98,000, because the loan is bigger and mortgage insurance kicks in.
| Down payment | Cash down | Monthly payment | Income needed |
|---|---|---|---|
| 5% (+PMI) | $15,200 | $2,400/mo | $103,000/yr |
| 10% (+PMI) | $30,400 | $2,290/mo | $98,000/yr |
| 20% | $60,800 | $1,930/mo | $83,000/yr |
Assumes a 30-year fixed mortgage at 6.5%, property tax at 1.1% and insurance at 0.45% of value per year, PMI of 0.75% on loans with less than 20% down, and the standard 28% housing-to-income rule. Your rate, taxes, and HOA will move these — run your own numbers in the mortgage calculator.
What your budget buys in ZIP 37323
At about $204 per square foot, here is roughly how much home different budgets get you in ZIP 37323:
| Budget | Approx. size | What that looks like locally |
|---|---|---|
| $150k | 740 sq ft | below the local median — condos, smaller or older homes |
| $200k | 980 sq ft | below the local median — condos, smaller or older homes |
| $250k | 1230 sq ft | around the typical home here |
| $300k | 1470 sq ft | around the typical home here |
| $400k | 1960 sq ft | above the median — larger homes or the pricier ZIPs |
Wondering where that budget goes further? The relocation calculator ranks hundreds of U.S. cities by what the same money buys — it opens pre-filled with a typical 37323 home.
Estimate a specific home in 37323
The estimator below is pre-set to ZIP 37323 — pick your home’s size for an instant ballpark, then open the full calculator to adjust beds, baths, and condition.
All Cleveland ZIP codes by home value
Where 37323 sits among Cleveland’s 3 ZIP codes:
ZIP 37323 home prices: frequently asked
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See the full Cleveland home values page, all Tennessee cities, or price per square foot by ZIP code nationwide.
Directional estimates from public market data (Realtor.com & Zillow research), not appraisals. A single ZIP contains very different homes; actual values vary and change over time.