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.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more
With 21,866 people, 9,009 houses or apartments, and a median cost of homes of $122,634, 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 60.50% of the town's housing units. Other types of housing that are prevalent in Clarksville include large apartment complexes or high rise apartments ( 22.78%), mobile homes or trailers ( 6.59%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 5.11%).
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 58.41% owning and 41.59% 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 44.03% of the town's housing hails from this era. Other housing ages represented in Clarksville include homes built between 1970-1999 ( 37.90%) and housing constructed between 2000 and later ( 10.42%). There's also some housing in Clarksville built before 1939 ( 7.65%).
Vacant housing appears to be an issue in Clarksville. Fully 11.41% of the housing stock is classified as vacant. Left unchecked, vacant Clarksville homes and apartments can be a drag on the real estate market, holding Clarksville real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.
Real estate appreciation rates in Clarksville's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 0.02% during the period.
Appreciation rates are so strong in Clarksville that despite a nationwide downturn in the housing market, Clarksville real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Clarksville appreciation rates continue to be some of the highest in America, at 6.16%, which is higher than appreciation rates in 75.44% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Clarksville. Clarksville appreciation rates in the latest quarter were at 1.69%, which equates to an annual appreciation rate of 6.95%.
Importantly, this makes Clarksville one of the highest appreciating communities in the nation for the latest quarter, and may signal the town's near-future real estate investment strength.
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.
|$829,001 - $1,106,000||0.0|
|$553,001 - $829,000||0.2|
|$442,001 - $553,000||0.6|
|$332,001 - $442,000||1.0|
|$221,001 - $332,000||5.6|
|$110,001 - $221,000||48.4|
|$55,001 - $110,000||31.6|
|$0 - $55,000||12.6|
|Value Relative to Nation||Value Relative to State|
|Time Period||Total Appreciation||Avg. Annual Rate||
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
2000 Q1 - 2017 Q1
|* 10 is highest|
|AGE OF Clarksville HOMES|
|2000 or Newer||10.4|
|1970 - 1999||37.9|
|1940 - 1969||44.0|
|1939 or Older||7.7|
|TYPE OF Clarksville HOMES|
|Small Apt. Buildings||5.1|
|SIZE OF Clarksville HOMES|
|5 or more bedrooms||2.72|