Compare Cleveland, TN mortgage rates and fees from top lenders. Review free, personalized mortgage rates based on your specifc loan amount, program and other factors. Easily compare APRs, closing costs and monthly payments to find the lowest mortgage rates in Cleveland.
We recommend that you contact at least five lenders as shopping multiple lenders is the best way to save money on your mortgage in Cleveland. Plus, shopping lenders is free and there is no obligation.
August 13, 2025
Below we provide helpful information on the real estate market, home prices and housing affordability in Cleveland. Understand how much you need to earn to afford a home in Cleveland, including the mortgage you need to qualify for. Review the monthy payment so you can determine if owning a house in Cleveland fits your budget. This information is based on proprietary analysis you can only find on FREEandCLEAR and we offer it to help you decide if living in Cleveland is right for you.
The median home value for Cleveland, TN (Bradley County) is $251,407
Based on current mortgage rates and a 10% down payment, you need to make $52,448 per year to buy the median priced home in Cleveland
With this income, you could qualify for a $226,266 mortgage, assuming your monthly debt expense is reasonable
Based on this loan amount, the monthly mortgage payment required to buy the median priced home in Cleveland is $1,215
The median household income for Cleveland, TN (Bradley County) is $56,959
Based on this income, you can afford a home valued at approximately $273,031
The home price you can afford to buy based on household income in Cleveland is 109% of the median home value which means housing prices are average. Cleveland (Bradley County) ranks 82 out of 95 counties in Tennessee and 2,700 out of 3,142 counties in the United States for housing affordability.
According to the FREEandCLEAR Housing Affordability Index, the housing market in Cleveland, TN is average
Mortgage limits affect your loan terms, mortgage program eligibility and what price home you can afford. Review the loan limits for Cleveland (Bradley County) below.
Conforming loan limits for Cleveland, TN
FHA loan limits for Cleveland, TN