Clarksville, TN—37042
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 $293,000, with a year-over-year change of -0.4%. This indicates that home prices in Clarksville, TN are flat. According to Zillow, the 1-year price projection is 1.7%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $293,000 | -0.4% |
| Single Family | $293,000 | -0.7% |
| Condos | $195,000 | 1.6% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $200,000 | 0.5% |
3 Bed | $277,000 | -0.4% |
4 Bed | $348,000 | 0.0% |
| 5 Bed | $394,000 | 0.3% |
% 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 -5.3%. Per bedroom, the median rent as of July '25 in Clarksville, TN is studios: $745, 1-bedrooms: $861, 2-bedrooms: $1,060, 3-bedrooms: $1,630, 4-bedrooms: $2,080. The most common rental property sizes in Clarksville, TN are 2-bedroom and 3-bedroom, accounting for 42.7% and 36.5% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,380 | $1,440 |
| Studio Rent | $695 | $745 |
| 1 Bed Rent | $850 | $861 |
| 2 Bed Rent | $1,000 | $1,060 |
| 3 Bed Rent | $1,600 | $1,630 |
| 4 Bed Rent | $2,050 | $2,080 |
% 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 13.0% 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 22.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $319,000 | 1.0% |
Listing Count | 752 | 5.0% |
| Listings as % of Homes | 1.6% | 5.0% |
Days on Market | 63 | 13.0% |
Demographics — Clarksville, TN
As of the latest ACS Survey released in 2023, Clarksville, TN has a population of 85,200, which has increased by 10.4% over the past 5 years. Clarksville, TN is a popular place for families, as children make up 27.4% of the population. The area has a moderately educated workforce, with 25.9% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 6.2% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 85,200 | 10.4% |
% Under 18 | 27.4% | -4.9% |
% Seniors | 7.5% | 10.3% |
% WFH | 6.2% | 138.5% |
% w/ College Degree | 25.9% | 19.9% |
As of the latest ACS Survey released in 2023, Clarksville, TN is a predominantly white area, with 47.6% of the population identifying as white. The white population has shrunk by 8.1% in the last 5 years. The second most common race or ethnicity in Clarksville, TN is black, making up 27.0% of the population. Foreign-born residents account for 8.3% of the population in Clarksville, TN, and this percentage has increased by 36.1% 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 | 47.6% | -8.1% |
% Black | 27.0% | -3.6% |
% Hispanic | 14.6% | 16.8% |
% Asian | 2.7% | -6.9% |
% Foreign Born | 8.3% | 36.1% |
Mortgage and Risk — Clarksville, TN
According to HUD data as of 2023, there were 2671 mortgage originations in Clarksville, TN, of which 32.0% of loans were conventional mortgages. The average loan-to-value was 79.0%, with 58.0% above 90% LTV (very high). This implies large mortgage risk in Clarksville, TN. Investor activity is low, as 3.0% of loans were by investors. 14.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 2,671 |
% Conventional Loans | 32.0% |
% Government Loans | 68.0% |
% Investor Loans | 3.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 14.0% |
Loan Activity
Rentals and Section 8 — Clarksville, TN
As of 2024, the percent of homes in Clarksville, TN under the Section 8 program is 4.7%. 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. In Clarksville, TN, all tracked home sizes have HUD payment amounts above market rent, suggesting strong Section 8 opportunity across the board.
Section 8 Market Size
Total Units under HUD | 754 |
Total Units Section 8 | 682 |
% Rentals under Section 8 | 4.7% |
% Occupied Section 8 | 82.8% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $140 | $850 | $990 |
| 2 Bedroom | $240 | $1,000 | $1,240 |
| 3 Bedroom | $140 | $1,600 | $1,740 |
| 4 Bedroom | $30 | $2,050 | $2,080 |
Affordability — Clarksville, TN
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.2 |
| Median Home Price | $293,000 |
| Median Household Income | $66,400 |