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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.



Clarksdale, MS 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 Q3 2023. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2021 (latest available). Updated annually.

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

Clarksdale, MS Housing Market Trends

With 13,969 people, 5,752 houses or apartments, and a median cost of homes of $91,104, house prices in Clarksdale are some of the most affordable in Mississippi as well as the nation.

Single-family detached homes are the single most common housing type in Clarksdale, accounting for 69.46% of the city's housing units. Other types of housing that are prevalent in Clarksdale include duplexes, homes converted to apartments or other small apartment buildings ( 17.10%), large apartment complexes or high rise apartments ( 9.68%), and a few mobile homes or trailers ( 2.89%).

The most prevalent building size and type in Clarksdale are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 48.75% owning and 51.25% 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. Clarksdale's housing was primarily built during this period, from the '40s through the '60s. A full 46.71% of the city's housing hails from this era. Other housing ages represented in Clarksdale include homes built between 1970-1999 ( 40.83%) and housing constructed before 1939 ( 7.17%). There's also some housing in Clarksdale built between 2000 and later ( 5.29%).

Vacant housing appears to be an issue in Clarksdale. Fully 18.46% of the housing stock is classified as vacant. Left unchecked, vacant Clarksdale homes and apartments can be a drag on the real estate market, holding Clarksdale 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.

Clarksdale Home Appreciation Rates

Some of the lowest real estate appreciation rates in America over the last ten years have been in Clarksdale, where house values have increased just 17.92%, which is annualized rate of 1.66%. This rate is lower than the appreciation rate found in 90% of the cities and towns in America.

Over the last year, Clarksdale appreciation rates have trailed the rest of the nation. In the last twelve months, Clarksdale's appreciation rate has been 1.52%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Clarksdale were at 2.18%, which equates to an annual appreciation rate of 9.02%.

Relative to Mississippi, our data show that Clarksdale's latest annual appreciation rate is lower than 90% of the other cities and towns in Mississippi.

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Clarksdale differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Clarksdale - 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 Clarksdale real estate investment or home purchase decisions.

Average Home Values

Median Home Value

$91,104

Clarksdale, MS Home Prices
> $1,301,000
$975,001 - $1,301,000
$650,001 - $975,000
$520,001 - $650,000
$390,001 - $520,000
$260,001 - $390,000
$130,001 - $260,000
$65,001 - $130,000
$0 - $65,000
0.8%
0.8%
0.0%
0.0%
1.1%
1.1%
0.1%
0.1%
0.8%
0.8%
4.7%
4.7%
23.9%
23.9%
36.5%
36.5%
32.0%
32.0%
0% 100.0%
% of Homes
Very Low

for Mississippi

Very Low

for nation

Number of Homes And Apartments:

5,752

Clarksdale Appreciation Rates

Rent & Ownership

Average Market Rent:

$1,272 / per month

Homeownership Rate

Owners
Renters
Vacant
48.7%
48.7%
51.3%
51.3%
18.5%
18.5%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
5.3%
5.3%
40.8%
40.8%
46.7%
46.7%
7.2%
7.2%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
69.5%
69.5%
0.9%
0.9%
17.1%
17.1%
9.7%
9.7%
2.9%
2.9%
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
8.4%
8.4%
4.4%
4.4%
21.4%
21.4%
46.0%
46.0%
16.0%
16.0%
3.9%
3.9%
0% 100.0%
% of Homes

Popular Communities Near Clarksdale, MS

Zip Codes in Clarksdale, MS