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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.



Clarksville, VA 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 2023. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2022 (latest available). Updated annually.

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

Clarksville, VA Housing Market Trends

With a population of 1,301, 759 total housing units (homes and apartments), and a median house value of $286,346, 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 73.68% of the town's housing units. Other types of housing that are prevalent in Clarksville include large apartment complexes or high rise apartments ( 13.11%), duplexes, homes converted to apartments or other small apartment buildings ( 8.03%), and a few mobile homes or trailers ( 3.59%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Clarksville. Owner-occupied housing accounts for 71.01% of Clarksville's homes, and 52.54% have either three or four bedrooms, which is average sized relative to America.

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 39.64% of the town's housing hails from this era. Other housing ages represented in Clarksville include homes built between 1970-1999 ( 32.03%) and housing constructed before 1939 ( 20.08%). There's also some housing in Clarksville built between 2000 and later ( 8.25%).

Vacant housing appears to be an issue in Clarksville. Fully 19.77% 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 5.93% 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 7.71%, which is higher than appreciation rates in 81.22% 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 2.42%, which equates to an annual appreciation rate of 10.04%.

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 Virginia, our data show that Clarksville's latest annual appreciation rate is higher than 60% of the other cities and towns in Virginia.

Average Home Values

Median Home Value

$286,346

Clarksville, VA Home Prices
> $1,349,000
$1,012,001 - $1,349,000
$675,001 - $1,012,000
$540,001 - $675,000
$405,001 - $540,000
$270,001 - $405,000
$135,001 - $270,000
$67,001 - $135,000
$0 - $67,000
0.2%
0.2%
3.8%
3.8%
9.0%
9.0%
4.3%
4.3%
10.6%
10.6%
19.6%
19.6%
28.8%
28.8%
13.7%
13.7%
9.9%
9.9%
0% 100.0%
% of Homes
Average

for Virginia

Average

for nation

Number of Homes And Apartments:

759

Clarksville Appreciation Rates

Rent & Ownership

Average Market Rent:

$1,296 / per month

Homeownership Rate

Owners
Renters
71.0%
71.0%
29.0%
29.0%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
19.8%
19.8%
80.2%
80.2%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
8.2%
8.2%
32.0%
32.0%
39.6%
39.6%
20.1%
20.1%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
73.7%
73.7%
1.6%
1.6%
8.0%
8.0%
13.1%
13.1%
3.6%
3.6%
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
1.7%
1.7%
9.3%
9.3%
32.0%
32.0%
39.1%
39.1%
13.4%
13.4%
4.4%
4.4%
0% 100.0%
% of Homes

Zip Codes in Clarksville, VA