Clarksville, TN 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 2020. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2019 (latest available). Updated annually.

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

Clarksville, TN Housing Market Trends

With 158,146 people, 56,260 houses or apartments, and a median cost of homes of $179,354, 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 68.23% of the city's housing units. Other types of housing that are prevalent in Clarksville include large apartment complexes or high rise apartments ( 14.95%), duplexes, homes converted to apartments or other small apartment buildings ( 10.91%), and a few mobile homes or trailers ( 3.51%).

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 51.88% owning and 48.12% 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 ( 35.83%). A lesser amount of the housing stock also hails from between 1940-1969 ( 15.72%). There's also some housing in Clarksville built before 1939 ( 2.03%).

Vacant housing appears to be an issue in Clarksville. Fully 10.42% 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.

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 32.97%, which ranks in the top 50% nationwide. This equates to an annual average Clarksville house appreciation rate of 2.89%.

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 9.18%, which is higher than appreciation rates in 97.87% 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 3.48%, which equates to an annual appreciation rate of 14.68%.

Importantly, NeighborhoodScout’s exclusive research found that Clarksville's housing market shows one of the <a href="/blog/highest-appreciating-cities">top real estate appreciation rates in the U.S.A.</a> in the latest quarter, which 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.

Average Home Values

 
info

Median Home Value:
$179,354

Clarksville, TN HOME PRICES

> $1,242,000
0.5%
0.5%
$932,001 - $1,242,000
0.2%
0.2%
$621,001 - $932,000
0.8%
0.8%
$497,001 - $621,000
1.1%
1.1%
$373,001 - $497,000
4.2%
4.2%
$248,001 - $373,000
16.8%
16.8%
$124,001 - $248,000
54.1%
54.1%
$62,001 - $124,000
17.3%
17.3%
$0 - $62,000
4.9%
4.9%
0.0% 100.0%
% OF HOMES
Value Relative To State

Average for Nation

High for TN

Value Relative To Nation

Number Of Homes And Apartments:
56,260

Clarksville Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
TN*
Compared To
America*
Latest Quarter:
2020 Q3 - 2020 Q4
Last 12 Months:
2019 Q4 - 2020 Q4
Last 2 Years:
2018 Q4 - 2020 Q4
Last 5 Years:
2015 Q4 - 2020 Q4
Last 10 Years:
2010 Q4 - 2020 Q4
Since 2000:
2000 Q1 - 2020 Q4
78.31% 2.79%
6
6
* 10 is highest

Rent & Ownership

 
info

Average Market Rent:
$1,290 / per month

Homeownership Rate

Owners
51.9%
51.9%
Renters
48.1%
48.1%
Vacant
10.4%
10.4%
0.0% 100.0%
% OF HOMES

Housing Market Details

 
info

Age of Homes

2000 or Newer
35.8%
35.8%
1970 - 1999
46.4%
46.4%
1940 - 1969
15.7%
15.7%
1939 or Older
2.0%
2.0%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
68.2%
68.2%
Townhomes
2.3%
2.3%
Small Apt. Buildings
10.9%
10.9%
Apt. Complexes
15.0%
15.0%
Mobile Homes
3.5%
3.5%
Other
0.1%
0.1%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
1.5%
1.5%
1 Bedroom
5.3%
5.3%
2 Bedrooms
24.0%
24.0%
3 Bedrooms
51.5%
51.5%
4 Bedrooms
14.8%
14.8%
5 or more bedrooms
3.0%
3.0%
0.0% 100.0%
% OF HOMES