Clarksville, TN—37043
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 $394,000, with a year-over-year change of 0.2%. 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 | $394,000 | 0.2% |
| Single Family | $395,000 | 0.0% |
| Condos | $257,000 | 1.2% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $234,000 | -3.7% |
3 Bed | $351,000 | -0.3% |
4 Bed | $459,000 | 0.2% |
| 5 Bed | $519,000 | 0.0% |
% of Housing Stock
Rental Trends — Clarksville, TN
As of July '25, Rentcast reports the average rent in Clarksville, TN is $1,700, with a year-over-year rent change of 1.2%. Per bedroom, the median rent as of July '25 in Clarksville, TN is studios: $795, 1-bedrooms: $936, 2-bedrooms: $1,170, 3-bedrooms: $1,930, 4-bedrooms: $2,520. The most common rental property sizes in Clarksville, TN are 2-bedroom and 3-bedroom, accounting for 56.8% and 22.5% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,580 | $1,700 |
| Studio Rent | $795 | $795 |
| 1 Bed Rent | $895 | $936 |
| 2 Bed Rent | $1,100 | $1,170 |
| 3 Bed Rent | $1,900 | $1,930 |
| 4 Bed Rent | $2,440 | $2,520 |
% 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 54. This is a decrease of -7.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 19.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $427,000 | 4.0% |
Listing Count | 707 | 29.0% |
| Listings as % of Homes | 1.9% | 29.0% |
Days on Market | 54 | -7.0% |
Demographics — Clarksville, TN
As of the latest ACS Survey released in 2023, Clarksville, TN has a population of 57,200, which has increased by 20.3% over the past 5 years. Clarksville, TN is a popular place for families, as children make up 26.3% of the population. The area has a moderately educated workforce, with 43.4% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 7.9% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 57,200 | 20.3% |
% Under 18 | 26.3% | 5.2% |
% Seniors | 13.2% | 0.8% |
% WFH | 7.9% | 154.8% |
% w/ College Degree | 43.4% | 12.1% |
As of the latest ACS Survey released in 2023, Clarksville, TN is a predominantly white area, with 75.5% of the population identifying as white. The white population has shrunk by 6.1% in the last 5 years. The second most common race or ethnicity in Clarksville, TN is black, making up 10.1% of the population. Foreign-born residents account for 5.6% of the population in Clarksville, TN, and this percentage has increased by 55.6% 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 | 75.5% | -6.1% |
% Black | 10.1% | -2.9% |
% Hispanic | 6.3% | 40.0% |
% Asian | 3.1% | 34.8% |
% Foreign Born | 5.6% | 55.6% |
Mortgage and Risk — Clarksville, TN
According to HUD data as of 2023, there were 1791 mortgage originations in Clarksville, TN, of which 58.0% of loans were conventional mortgages. The average loan-to-value was 67.0%, with 36.0% 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. 12.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 1,791 |
% Conventional Loans | 58.0% |
% Government Loans | 42.0% |
% Investor Loans | 3.0% |
% 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 3.8%. 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. 1-bedroom and 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 3-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 258 |
Total Units Section 8 | 255 |
% Rentals under Section 8 | 3.8% |
% Occupied Section 8 | 91.2% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $405 | $895 | $1,300 |
| 2 Bedroom | $360 | $1,100 | $1,460 |
| 3 Bedroom | -$60 | $1,900 | $1,840 |
| 4 Bedroom | -$200 | $2,440 | $2,240 |
Affordability — Clarksville, TN
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.2 |
| Median Home Price | $394,000 |
| Median Household Income | $91,900 |