Side-by-side comparison of home prices, mortgage payments, and housing costs between Cleveland and Gallatin, Tennessee. Using Tennessee's 0.56% property tax rate and $2,400/year insurance. Updated for 2026.
Cleveland edges out Gallatin in affordability, saving you roughly $718/month on total housing costs. Both cities are in Tennessee, so property tax rates and insurance costs are the same — the difference comes down to home prices and what you get for your money in each market.
Estimated PITI payments assuming 10% down, 6.5% rate, 30-year fixed mortgage with PMI. Uses Tennessee's 0.56% property tax rate.
Buying in Cleveland saves you approximately $718/month ($8,616/year) compared to Gallatin, based on median home prices with identical loan terms.
Cleveland is the better choice for first-time buyers, with a median price of $275K versus $385K in Gallatin. That's $110K less to save for a down payment. You'd need roughly $10K for an FHA 3.5% down payment in Cleveland, compared to $13K in Gallatin. Tennessee offers the THDA Great Choice Home Loan program (Up to $25,000 DPA) which applies in both cities.
Cleveland has the better price-to-rent ratio at 19.4x versus 21.1x in Gallatin. A lower ratio generally signals better rental income relative to purchase price. Average rent in Cleveland is $1,180/month on a $275K median home, making it a stronger candidate for buy-and-rent investors.
Cleveland (pop. 47,178) offers more amenities, schools, and services typical of a larger city, while Gallatin (pop. 44,358) may offer a quieter, more community-oriented lifestyle. Cleveland offers both more options and lower housing costs, making it attractive for families who want urban amenities without a premium price.