Clarksville, TN—37040
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Clarksville, TN
As of Oct '25, the median home price in Clarksville, TN is $303,000, with a year-over-year change of -0.8%. This indicates that home prices in Clarksville, TN are flat. According to Zillow, the 1-year price projection is 1.8%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $303,000 | -0.8% |
| Single Family | $304,000 | -0.7% |
| Condos | $203,000 | 6.8% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $207,000 | 0.0% |
3 Bed | $297,000 | -0.7% |
4 Bed | $358,000 | -0.3% |
| 5 Bed | $403,000 | 0.2% |
% of Housing Stock
Rental Trends — Clarksville, TN
As of July '25, Rentcast reports the average rent in Clarksville, TN is $1,440, with a year-over-year rent change of -2.7%. Per bedroom, the median rent as of July '25 in Clarksville, TN is studios: $1,030, 1-bedrooms: $979, 2-bedrooms: $1,160, 3-bedrooms: $1,720, 4-bedrooms: $2,120. The most common rental property sizes in Clarksville, TN are 2-bedroom and 3-bedroom, accounting for 48.1% and 28.4% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,300 | $1,440 |
| Studio Rent | $1,100 | $1,030 |
| 1 Bed Rent | $995 | $979 |
| 2 Bed Rent | $1,150 | $1,160 |
| 3 Bed Rent | $1,680 | $1,720 |
| 4 Bed Rent | $2,100 | $2,120 |
% of Rental Stock
Property Listings — Clarksville, TN
As of Oct '25, Realtor.com reports that the median days on market for a home in Clarksville, TN is 63. This is a increase of 9.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 26.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $330,000 | 2.0% |
Listing Count | 571 | 39.0% |
| Listings as % of Homes | 1.3% | 39.0% |
Days on Market | 63 | 9.0% |
Demographics — Clarksville, TN
As of the latest ACS Survey released in 2023, Clarksville, TN has a population of 62,100, which has increased by 21.9% over the past 5 years. Clarksville, TN is a popular place for families, as children make up 26.7% of the population. The area has a moderately educated workforce, with 29.9% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 8.4% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 62,100 | 21.9% |
% Under 18 | 26.7% | 3.1% |
% Seniors | 8.6% | 7.5% |
% WFH | 8.4% | 250.0% |
% w/ College Degree | 29.9% | 22.5% |
As of the latest ACS Survey released in 2023, Clarksville, TN is a predominantly white area, with 56.2% of the population identifying as white. The white population has shrunk by 6.3% in the last 5 years. The second most common race or ethnicity in Clarksville, TN is black, making up 25.0% of the population. Foreign-born residents account for 5.8% of the population in Clarksville, TN, and this percentage has increased by 26.1% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 56.2% | -6.3% |
% Black | 25.0% | 8.7% |
% Hispanic | 10.5% | -3.7% |
% Asian | 2.1% | 10.5% |
% Foreign Born | 5.8% | 26.1% |
Mortgage and Risk — Clarksville, TN
According to HUD data as of 2023, there were 1740 mortgage originations in Clarksville, TN, of which 40.0% of loans were conventional mortgages. The average loan-to-value was 76.0%, with 53.0% above 90% LTV (very high). This implies large mortgage risk in Clarksville, TN. Investor activity is low, as 4.0% of loans were by investors. 12.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 1,740 |
% Conventional Loans | 40.0% |
% Government Loans | 60.0% |
% Investor Loans | 4.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 12.0% |
Loan Activity
Rentals and Section 8 — Clarksville, TN
As of 2024, the percent of homes in Clarksville, TN under the Section 8 program is 5.3%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 2-bedroom units appear to be good home sizes to consider for Section 8 housing in Clarksville, TN, because HUD payments exceed market rent, while 1-bedroom and 3-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 1,000 |
Total Units Section 8 | 554 |
% Rentals under Section 8 | 5.3% |
% Occupied Section 8 | 84.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$45 | $995 | $950 |
| 2 Bedroom | $50 | $1,150 | $1,200 |
| 3 Bedroom | $0 | $1,680 | $1,680 |
| 4 Bedroom | -$80 | $2,100 | $2,020 |
Affordability — Clarksville, TN
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.5 |
| Median Home Price | $303,000 |
| Median Household Income | $65,300 |