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Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



Clarksville, IN Real Estate Market

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q4 2023. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2022 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Clarksville, IN Housing Market Trends

With 21,782 people, 8,981 houses or apartments, and a median cost of homes of $221,801, house prices in Clarksville are solidly below the national average.

Single-family detached homes are the single most common housing type in Clarksville, accounting for 59.15% of the town's housing units. Other types of housing that are prevalent in Clarksville include large apartment complexes or high rise apartments ( 24.59%), mobile homes or trailers ( 6.08%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 5.24%).

The most prevalent building size and type in Clarksville are three and four bedroom dwellings, chiefly found in single-family detached homes. The town has a mixture of owners and renters, with 58.85% owning and 41.15% renting.

At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Clarksville's housing was primarily built during this period, from the '40s through the '60s. A full 42.90% of the town's housing hails from this era. Other housing ages represented in Clarksville include homes built between 1970-1999 ( 36.91%) and housing constructed between 2000 and later ( 13.63%). There's also some housing in Clarksville built before 1939 ( 6.57%).

Clarksville Home Appreciation Rates

Appreciation rates for homes in Clarksville have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 95.05%, which ranks in the top 40% nationwide. This equates to an annual average Clarksville house appreciation rate of 6.91%.

NeighborhoodScout's data show that during the latest twelve months, Clarksville's appreciation rate, at 5.78%, has been at or slightly above the national average. In the latest quarter, Clarksville's appreciation rate has been 0.18%, which annualizes to a rate of 0.74%.

Relative to Indiana, our data show that Clarksville's latest annual appreciation rate is higher than 80% of the other cities and towns in Indiana.

One very important thing to keep in mind is that these are average appreciation rates for the town. Individual neighborhoods within Clarksville differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Clarksville - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Clarksville real estate investment or home purchase decisions.

Average Home Values

Median Home Value

$221,801

Clarksville, IN Home Prices
> $1,343,000
$1,007,001 - $1,343,000
$671,001 - $1,007,000
$537,001 - $671,000
$403,001 - $537,000
$268,001 - $403,000
$134,001 - $268,000
$67,001 - $134,000
$0 - $67,000
0.0%
0.0%
1.1%
1.1%
0.2%
0.2%
0.9%
0.9%
6.5%
6.5%
16.5%
16.5%
54.9%
54.9%
10.4%
10.4%
9.4%
9.4%
0% 100.0%
% of Homes
Average

for Indiana

Low

for nation

Number of Homes And Apartments:

8,981

Clarksville Appreciation Rates

Rent & Ownership

Average Market Rent:

$1,634 / per month

Homeownership Rate

Owners
Renters
58.9%
58.9%
41.1%
41.1%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
9.1%
9.1%
90.9%
90.9%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
13.6%
13.6%
36.9%
36.9%
42.9%
42.9%
6.6%
6.6%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
59.1%
59.1%
4.9%
4.9%
5.2%
5.2%
24.6%
24.6%
6.1%
6.1%
0.0%
0.0%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
1.8%
1.8%
15.9%
15.9%
28.6%
28.6%
41.6%
41.6%
10.4%
10.4%
1.8%
1.8%
0% 100.0%
% of Homes