Clarksville TN
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA



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Clarksville, TN Real Estate Data

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 Q1 2020. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2018 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Clarksville Housing Market Information

With a population of 156,794, 54,766 total housing units (homes and apartments), and a median house value of $173,374, 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 68.11% of the city's housing units. Other types of housing that are prevalent in Clarksville include large apartment complexes or high rise apartments ( 15.00%), duplexes, homes converted to apartments or other small apartment buildings ( 10.94%), and a few mobile homes or trailers ( 3.59%).

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 52.17% owning and 47.83% 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 ( 35.47%). A lesser amount of the housing stock also hails from between 1940-1969 ( 15.91%). There's also some housing in Clarksville built before 1939 ( 2.38%).

Vacant housing appears to be an issue in Clarksville. Fully 11.92% 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

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 1.90% during the period.

NeighborhoodScout's data show that during the latest twelve months, Clarksville's appreciation rate, at 4.79%, has been at or slightly above the national average. In the latest quarter, Clarksville's appreciation rate has been -0.66%, which annualizes to a rate of -2.62%.

Notably, Clarksville's appreciation rate in the latest quarter is one of the lowest in America.

Relative to Tennessee, our data show that Clarksville's latest annual appreciation rate is lower than 80% 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

 

Median Home Value:
$173,374

Clarksville, TN HOME PRICES

Value Range
> $1,163,000 0.3
$872,001 - $1,163,000 0.1
$581,001 - $872,000 0.8
$465,001 - $581,000 1.0
$349,001 - $465,000 3.6
$233,001 - $349,000 15.3
$116,001 - $233,000 53.7
$58,001 - $116,000 19.8
$0 - $58,000 5.3

High for TN
Average for Nation

Value Relative to Nation Value Relative to State
50.2510948905109 34.9489795918367

Number Of Homes And Apartments:
54,766

Clarksville Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
TN*
Compared To
America*
Latest Quarter:
2019 Q4 - 2020 Q1
Last 12 Months:
2019 Q1 - 2020 Q1
Last 2 Years:
2018 Q1 - 2020 Q1
Last 5 Years:
2015 Q1 - 2020 Q1
Last 10 Years:
2010 Q1 - 2020 Q1
Since 2000:
2000 Q1 - 2020 Q1
59.07% 2.32%
4
5
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,311 / per month

Homeownership Rate

Homeownership
Owners 52.17
Renters 47.83
Vacant 11.92

Housing Market Details

 

Age of Homes

AGE OF Clarksville HOMES
2000 or Newer 35.5
1970 - 1999 46.2
1940 - 1969 15.9
1939 or Older 2.4

Types of Homes

TYPE OF Clarksville HOMES
Single-Family 68.1
Townhomes 2.2
Small Apt. Buildings 10.9
Apt. Complexes 15.0
Mobile Homes 3.6
Other 0.1

Home Size

SIZE OF Clarksville HOMES
No Bedroom 1.19
1 Bedroom 5.94
2 Bedrooms 23.16
3 Bedrooms 52.47
4 Bedrooms 14.68
5 or more bedrooms 2.55