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 a population of 153,205, 53,525 total housing units (homes and apartments), and a median house value of $167,368, Clarksville real estate and house prices are near the national average for all cities and towns.
Single-family detached homes are the single most common housing type in Clarksville, accounting for 68.02% of the city's housing units. Other types of housing that are prevalent in Clarksville include large apartment complexes or high rise apartments ( 14.89%), duplexes, homes converted to apartments or other small apartment buildings ( 11.15%), and a few mobile homes or trailers ( 3.24%).
The most prevalent building size and type in Clarksville are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 52.13% owning and 47.87% renting.
There is a lot of housing in Clarksville built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Clarksville built between 2000 and later ( 35.61%). A lesser amount of the housing stock also hails from between 1940-1969 ( 16.33%). There's also some housing in Clarksville built before 1939 ( 2.33%).
Vacant housing appears to be an issue in Clarksville. Fully 12.94% 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.
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 20.06%, which ranks in the top 40% nationwide. This equates to an annual average Clarksville house appreciation rate of 1.84%.
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 10.96%, which is higher than appreciation rates in 95.49% 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 2.71%, which equates to an annual appreciation rate of 11.30%.
Importantly, this makes Clarksville one of the highest appreciating communities in the nation for the latest quarter, and may signal the city's near-future real estate investment strength.
Relative to Tennessee, our data show that Clarksville's latest annual appreciation rate is higher than 90% of the other cities and towns in Tennessee.
One very important thing to keep in mind is that these are average appreciation rates for the city. 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.
|$892,001 - $1,189,000||0.2|
|$595,001 - $892,000||0.4|
|$476,001 - $595,000||1.0|
|$357,001 - $476,000||2.8|
|$238,001 - $357,000||14.4|
|$119,001 - $238,000||54.4|
|$59,001 - $119,000||20.5|
|$0 - $59,000||6.1|
|Value Relative to Nation||Value Relative to State|
|Time Period||Total Appreciation||Avg. Annual Rate||
2018 Q3 - 2018 Q4
Last 12 Months:
2017 Q4 - 2018 Q4
Last 2 Years:
2016 Q4 - 2018 Q4
Last 5 Years:
2013 Q4 - 2018 Q4
Last 10 Years:
2008 Q4 - 2018 Q4
2000 Q1 - 2018 Q4
|* 10 is highest|
|AGE OF Clarksville HOMES|
|2000 or Newer||35.6|
|1970 - 1999||45.7|
|1940 - 1969||16.3|
|1939 or Older||2.3|
|TYPE OF Clarksville HOMES|
|Small Apt. Buildings||11.1|
|SIZE OF Clarksville HOMES|
|5 or more bedrooms||2.40|