Clarksville, VA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Clarksville Neighborhoods Since 2000




Clarksville, VA 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 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (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 1,204, 563 total housing units (homes and apartments), and a median house value of $148,136, 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 72.39% of the town's housing units. Other types of housing that are prevalent in Clarksville include large apartment complexes or high rise apartments ( 13.30%), duplexes, homes converted to apartments or other small apartment buildings ( 7.43%), and a few row houses and other attached homes ( 3.55%).

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 71.40% of Clarksville's homes, and 64.19% 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 47.34% of the town's housing hails from this era. Other housing ages represented in Clarksville include homes built between 1970-1999 ( 31.49%) and housing constructed before 1939 ( 13.75%). There's also some housing in Clarksville built between 2000 and later ( 7.43%).

Vacant housing appears to be an issue in Clarksville. Fully 37.58% 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 -1.51%, which is lower than 80% 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 3.12%, 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 -1.60%, which equates to an annual appreciation rate of -6.23%.

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

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:
$148,136

Clarksville, VA HOME PRICES

Value Range
> $1,022,000 0.0
$766,001 - $1,022,000 1.7
$511,001 - $766,000 5.2
$409,001 - $511,000 2.6
$307,001 - $409,000 6.4
$204,001 - $307,000 14.2
$102,001 - $204,000 40.0
$51,001 - $102,000 22.2
$0 - $51,000 7.7

Low for VA
Average for Nation

Value Relative to Nation Value Relative to State
50.8555021680534 64.819944598338

Number Of Homes And Apartments:
563

Clarksville Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
VA*
Compared To
America*
Latest Quarter:
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
Since 2000:
2000 Q1 - 2017 Q1
55.64% 2.60% 6 7
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$800 / per month

Homeownership Rate

Homeownership
Owners 71.40
Renters 28.60
Vacant 37.58

Housing Market Details

 

Age of Homes

AGE OF Clarksville HOMES
2000 or Newer 7.4
1970 - 1999 31.5
1940 - 1969 47.3
1939 or Older 13.7

Types of Homes

TYPE OF Clarksville HOMES
Single-Family 72.4
Townhomes 3.5
Small Apt. Buildings 7.4
Apt. Complexes 13.3
Mobile Homes 3.3
Other 0.0

Home Size

SIZE OF Clarksville HOMES
No Bedroom 0.00
1 Bedroom 5.32
2 Bedrooms 25.06
3 Bedrooms 53.10
4 Bedrooms 11.09
5 or more bedrooms 5.43

Zip Codes in Clarksville, VA