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Sarah Mitchell
Compass Real Estate · ZIP 37311
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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37311 ZIP Code Housing Market
$292,500median sale price
What is the 37311 housing market like right now?
The median home sale price in ZIP code 37311 is $292,500, up 9.3% year-over-year. Homes sell in an average of 74 days with 101 active listings. The market is currently a leaning buyer's. (Source: Redfin monthly MLS data, as of March 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is the 37311 ZIP code a buyer's or seller's market?
ZIP code 37311 is currently a leaning buyer's and homes selling in about 74 days. How we determine this →
What are the latest 37311 housing market stats?
| Metric | Value |
|---|---|
| Median sale price | $292,500 |
| Median list price | $312,500 |
| Year-over-year price change | +9.3% |
| Average days on market | 74 days |
| Active inventory | 101 listings |
| Sale-to-list price ratio | 97.7% |
| Market condition | Leaning buyer's |
Source: Redfin · Updated monthly
The 37311 zip code, located in South Cleveland, TN, is currently classified as a leaning buyer's. The median sale price stands at $292,500, representing a +9.3% change year over year. Homes in this area spend an average of 74 days on the market before going under contract. There are currently 101 active listings in the area, which influences how much negotiating power buyers and sellers have.
ZIP 37311 sits in the South Cleveland, TN area, roughly 0.7 miles from downtown South Cleveland. Because home prices are set street by street, this ZIP can move differently from South Cleveland's citywide averages. The figures below reflect 37311 specifically — drawn from Redfin transactions, U.S. Census data for its 30,720 residents, and Zillow value estimates.
Homes sold
102
Last 12 weeks
Days on market
74
Average pace
Active listings
101
Sale-to-list
97.7%
Below asking
What is driving the 37311 housing market?
The 37311 real estate market is shaped by a combination of local demand, housing supply, and broader economic trends. As a leaning buyer's, homes are selling at approximately 97.7% of their listed price.
Year-over-year price trends are one of the most important indicators for both homebuyers and investors. Prices in 37311 have increased +9.3% compared to last year, suggesting continued demand and potential for further appreciation. For context, it's valuable to compare this trend against neighboring zip codes and the broader metro area to determine whether this performance is localized or part of a regional pattern.
The Zillow Home Value Index (ZHVI) for 37311 stands at $257,560, which represents Zillow's estimate of the typical home value in the area. The Zillow Observed Rent Index (ZORI) indicates typical rents of $1,438 per month. This gives a price-to-rent ratio of approximately 14.9, which suggests that buying may be more cost-effective than renting in this area over the long term. Use our mortgage calculator to estimate monthly payments based on current home values and interest rates.
Who lives in 37311?
Population
30,720
Median income
$47,153/yr
Median age
33.9 years
Owner-occupied
46.6%
College grads
19.6%
Avg commute
22.57 min
What is it like living in 37311?
Zip code 37311 is home to approximately 30,720 residents. The median household income is $47,153 per year, which shapes the types of homes and amenities available in the area. With a median age of 33.9 years, the community's age profile influences everything from school enrollment to local business types and recreational offerings. Approximately 46.6% of housing units are owner-occupied, showing a healthy mix of homeowners and renters that contributes to a diverse community.
About 19.6% of residents hold a bachelor's degree or higher, which often correlates with access to knowledge-economy jobs and higher earning potential in the area. The average commute time is 22.57 minutes, which is close to the national average. These demographic factors, combined with the market data above, help paint a complete picture of what it's like to live and own property in 37311.
Which public schools serve ZIP 37311?
11 schools tracked · 5,501 students
The largest public schools serving ZIP code 37311 by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
Bradley Central High School
Grades 9-12 · 1,662 students
Ocoee Middle School
Grades 6-8 · 1,045 students
Blythe-Bower Elementary
Grades PK-5 · 668 students
Black Fox Elementary School
Grades PK-5 · 506 students
Mayfield Elementary
Grades PK-5 · 448 students
Prospect Elementary School
Grades PK-5 · 421 students
Arnold Memorial Elementary
Grades PK-5 · 312 students
G.R. Stuart Elementary
Grades PK-5 · 291 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Frequently asked questions about 37311
What is the median home price in 37311?
The current median sale price in 37311 is $292,500, based on recent Redfin transaction data. Prices have changed +9.3% compared to last year. For the most up-to-date pricing and to see how this compares to nearby areas, use our comparison tool.
Is 37311 a buyer's or seller's market?
The 37311 zip code is currently classified as a leaning buyer's. This assessment is based on key indicators including months of supply, sale-to-list price ratios, and average days on market.
What is the population of zip code 37311?
Zip code 37311 has a population of approximately 30,720 residents. The median household income is $47,153 per year. About 46.6% of homes are owner-occupied. This data is sourced from the U.S. Census Bureau and is updated annually.
How do I research neighborhoods in 37311?
Properties Incorporated provides comprehensive data for 37311 including median home prices, price history charts, days on market, active inventory, and Census Bureau demographics. To compare this area with other zip codes or cities, use our comparison tool. For mortgage planning, our mortgage calculator estimates monthly payments based on current prices and interest rates.
How often is the data for 37311 updated?
Market data on Properties Incorporated is updated regularly as new information becomes available. Redfin sales data is typically refreshed monthly, Zillow home value and rent estimates update monthly, and Census Bureau demographics are updated annually.
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