How much house does $500,000 buy you in Cleveland, Tennessee?
How much house does $500,000 buy you in Cleveland, Tennessee?
Back in 2014, spending $500,000 on a house was generally reserved for high earners. The typical U.S. home sold for $159,000, while starter homes averaged just $101,000. Fast-forward to today, and prices have more than doubled: A standard home now sells for $440,000, with starter homes approaching $300,000.
These current prices have put homeownership out of reach for many – and things don't look to be improving. Prices are still rising, affordability keeps dropping, and starter homes are becoming harder to find as home values climb. This has created a very sluggish and difficult housing market. In fact, even the usual busy spring and summer buying seasons were unusually slow this year.
While $500,000 once stretched much further, in many cities today, it's not nearly enough. But what about Cleveland, Tennessee?
To find out, Redfin Real Estate found listings near the $500,000 mark to see what types of homes you can actually afford in Cleveland, Tennessee right now. Listings below $500,000 were included if necessary.
252 River Run Rd, Calhoun, TN 37309
- Price: $500,000
- 5 bedrooms, 3 bathrooms
- Square feet: 2,627
- See 252 River Run Rd, Calhoun, TN 37309 on Redfin.com
2095 Church St Ne, Cleveland, TN 37311
- Price: $478,900
- 5 bedrooms, 3 bathrooms
- Square feet: 1,899
- See 2095 Church St Ne, Cleveland, TN 37311 on Redfin.com
144 Highland Dr, Benton, TN 37307
- Price: $499,000
- 4 bedrooms, 4 bathrooms
- Square feet: 2,788
- See 144 Highland Dr, Benton, TN 37307 on Redfin.com
2267 Old Parksville Rd Ne, Cleveland, TN 37323
- Price: $499,000
- 4 bedrooms, 3.5 bathrooms
- Square feet: 3,000
- See 2267 Old Parksville Rd Ne, Cleveland, TN 37323 on Redfin.com
1886 Preservation Dr Ne, Cleveland, TN 37323
- Price: $499,900
- 4 bedrooms, 3.5 bathrooms
- Square feet: 2,607
- See 1886 Preservation Dr Ne, Cleveland, TN 37323 on Redfin.com
5698 Avenwood Cir Nw, Cleveland, TN 37312
- Price: $499,900
- 4 bedrooms, 3.5 bathrooms
- Square feet: 2,466
- See 5698 Avenwood Cir Nw, Cleveland, TN 37312 on Redfin.com
4193 Bates Pike Se, Cleveland, TN 37323
- Price: $489,900
- 4 bedrooms, 3 bathrooms
- Square feet: 2,666
- See 4193 Bates Pike Se, Cleveland, TN 37323 on Redfin.com
136 Red Fox Ln Nw, Cleveland, TN 37312
- Price: $494,500
- 4 bedrooms, 3 bathrooms
- Square feet: 2,295
- See 136 Red Fox Ln Nw, Cleveland, TN 37312 on Redfin.com
248 Old Charleston Rd Ne, Cleveland, TN 37312
- Price: $469,900
- 4 bedrooms, 3 bathrooms
- Square feet: 1,890
- See 248 Old Charleston Rd Ne, Cleveland, TN 37312 on Redfin.com
364 Cherokee Trl, Copperhill, TN 37317
- Price: $475,000
- 4 bedrooms, 2.5 bathrooms
- Square feet: 3,570
- See 364 Cherokee Trl, Copperhill, TN 37317 on Redfin.com
143 Rolling Wood Trl Ne, Cleveland, TN 37312
- Price: $490,000
- 4 bedrooms, 2.5 bathrooms
- Square feet: 2,864
- See 143 Rolling Wood Trl Ne, Cleveland, TN 37312 on Redfin.com
3024 22Nd St Nw, Cleveland, TN 37312
- Price: $499,500
- 4 bedrooms, 2.5 bathrooms
- Square feet: 2,660
- See 3024 22Nd St Nw, Cleveland, TN 37312 on Redfin.com
110 Dakota Dr Ne, Cleveland, TN 37323
- Price: $489,000
- 4 bedrooms, 2.5 bathrooms
- Square feet: 2,590
- See 110 Dakota Dr Ne, Cleveland, TN 37323 on Redfin.com
309 Colony Ln Nw, Cleveland, TN 37312
- Price: $489,000
- 4 bedrooms, 2.5 bathrooms
- Square feet: 2,454
- See 309 Colony Ln Nw, Cleveland, TN 37312 on Redfin.com
5069 Shelterwood Dr Ne, Cleveland, TN 37312
- Price: $470,000
- 4 bedrooms, 2.5 bathrooms
- Square feet: 2,372
- See 5069 Shelterwood Dr Ne, Cleveland, TN 37312 on Redfin.com
491 Thoroughbred Dr Nw, Cleveland, TN 37312
- Price: $499,000
- 4 bedrooms, 2.5 bathrooms
- Square feet: 2,306
- See 491 Thoroughbred Dr Nw, Cleveland, TN 37312 on Redfin.com
2804 Old Freewill Rd Nw, Cleveland, TN 37312
- Price: $459,900
- 4 bedrooms, 2.5 bathrooms
- Square feet: 2,142
- See 2804 Old Freewill Rd Nw, Cleveland, TN 37312 on Redfin.com
5126 Ella Ln Nw, Cleveland, TN 37312
- Price: $489,000
- 4 bedrooms, 2.5 bathrooms
- Square feet: 1,950
- See 5126 Ella Ln Nw, Cleveland, TN 37312 on Redfin.com
5230 State Pl Nw, Cleveland, TN 37312
- Price: $489,000
- 4 bedrooms, 2.5 bathrooms
- Square feet: 1,950
- See 5230 State Pl Nw, Cleveland, TN 37312 on Redfin.com
131 Luke Rd Ne, Cleveland, TN 37323
- Price: $499,900
- 4 bedrooms, 2 bathrooms
- Square feet: 2,247
- See 131 Luke Rd Ne, Cleveland, TN 37323 on Redfin.com
114 Fairhill Dr Ne, Cleveland, TN 37323
- Price: $465,000
- 4 bedrooms, 2 bathrooms
- Square feet: 2,092
- See 114 Fairhill Dr Ne, Cleveland, TN 37323 on Redfin.com
267 Farner Rd, Farner, TN 37333
- Price: $494,900
- 4 bedrooms, 2 bathrooms
- Square feet: 1,736
- See 267 Farner Rd, Farner, TN 37333 on Redfin.com
168 Morning Glory Ln Ne, Cleveland, TN 37323
- Price: $474,900
- 3 bedrooms, 3 bathrooms
- Square feet: 2,242
- See 168 Morning Glory Ln Ne, Cleveland, TN 37323 on Redfin.com
1732 Brookwood Dr Ne, Cleveland, TN 37323
- Price: $500,000
- 3 bedrooms, 2.5 bathrooms
- Square feet: 2,888
- See 1732 Brookwood Dr Ne, Cleveland, TN 37323 on Redfin.com
120 Jordan Dr Se, Cleveland, TN 37323
- Price: $469,500
- 3 bedrooms, 2.5 bathrooms
- Square feet: 2,631
- See 120 Jordan Dr Se, Cleveland, TN 37323 on Redfin.com
3111 Stargazer Ct Nw, Cleveland, TN 37312
- Price: $499,900
- 3 bedrooms, 2.5 bathrooms
- Square feet: 2,508
- See 3111 Stargazer Ct Nw, Cleveland, TN 37312 on Redfin.com
253 15Th St Nw, Cleveland, TN 37311
- Price: $484,000
- 3 bedrooms, 2.5 bathrooms
- Square feet: 2,234
- See 253 15Th St Nw, Cleveland, TN 37311 on Redfin.com
188 Northside Dr, Copperhill, TN 37317
- Price: $465,000
- 3 bedrooms, 2.5 bathrooms
- Square feet: 2,150
- See 188 Northside Dr, Copperhill, TN 37317 on Redfin.com
2719 Ridge Park Dr Ne, Cleveland, TN 37311
- Price: $485,000
- 3 bedrooms, 2.5 bathrooms
- Square feet: 1,800
- See 2719 Ridge Park Dr Ne, Cleveland, TN 37311 on Redfin.com
275 Country Place Dr Nw, Cleveland, TN 37312
- Price: $485,000
- 3 bedrooms, 2 bathrooms
- Square feet: 1,833
- See 275 Country Place Dr Nw, Cleveland, TN 37312 on Redfin.com