Clarksville, VA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Clarksville Neighborhoods Since 2000




Clarksville, VA Real Estate Data


Clarksville Housing Market Information

With 1,204 people, 617 houses or apartments, and a median cost of homes of $144,673, 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 70.16% of the town's housing units. Other types of housing that are prevalent in Clarksville include large apartment complexes or high rise apartments ( 15.03%), duplexes, homes converted to apartments or other small apartment buildings ( 6.35%), and a few row houses and other attached homes ( 4.45%).

The most prevalent building size and type in Clarksville are three and four bedroom dwellings, chiefly found in single-family detached homes. The town has a mixture of owners and renters, with 64.83% owning and 35.17% 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. Clarksville's housing was primarily built during this period, from the '40s through the '60s. A full 45.66% of the town's housing hails from this era. Other housing ages represented in Clarksville include homes built between 1970-1999 ( 37.86%) and housing constructed before 1939 ( 14.14%). There's also some housing in Clarksville built between 2000 and later ( 2.34%).

Vacant housing appears to be an issue in Clarksville. Fully 31.29% 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

Clarksville's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Clarksville during the period has been just -0.93%, which is lower than 70% of US communities.

Over the last year, Clarksville appreciation rates have trailed the rest of the nation. In the last twelve months, Clarksville's appreciation rate has been 2.20%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Clarksville were at 1.96%, which equates to an annual appreciation rate of 8.06%.

Relative to Virginia, our data show that Clarksville's latest annual appreciation rate is lower than 80% of the other cities and towns in Virginia.

Average Home Values

 

Median Home Value:
$144,673

Clarksville, VA HOME PRICES

Value Range
> $978,000 0.7
$733,001 - $978,000 1.9
$489,001 - $733,000 5.6
$391,001 - $489,000 3.9
$293,001 - $391,000 4.9
$196,001 - $293,000 13.5
$98,001 - $196,000 40.6
$49,001 - $98,000 20.2
$0 - $49,000 8.8

Low for VA
Average for Nation

Value Relative to Nation Value Relative to State
53.3348948878609 65.6509695290859

Number Of Homes And Apartments:
617

Rent & Ownership

 

Average Market Rent:
$776 / per month

Homeownership Rate

Homeownership
Owners 64.83
Renters 35.17
Vacant 31.29

Housing Market Details

 

Age of Homes

AGE OF Clarksville HOMES
2000 or Newer 2.3
1970 - 1999 37.9
1940 - 1969 45.7
1939 or Older 14.1

Types of Homes

TYPE OF Clarksville HOMES
Single-Family 70.2
Townhomes 4.5
Small Apt. Buildings 6.3
Apt. Complexes 15.0
Mobile Homes 4.0
Other 0.0

Home Size

SIZE OF Clarksville HOMES
No Bedroom 0.00
1 Bedroom 5.90
2 Bedrooms 30.29
3 Bedrooms 48.22
4 Bedrooms 9.35
5 or more bedrooms 6.24

Clarksville Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
VA*
Compared To
America*
Latest Quarter:
2016 Q2 - 2016 Q3
Last 12 Months:
2015 Q4 - 2016 Q3
Last 2 Years:
2014 Q4 - 2016 Q3
Last 5 Years:
2011 Q4 - 2016 Q3
Last 10 Years:
2006 Q4 - 2016 Q3
Since 2000:
2000 Q1 - 2016 Q3
58.13% 2.73% 6 7
* 10 is highest

Zip Codes in Clarksville, VA