Clarksville, IN—47129
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Clarksville, IN
As of Oct '25, the median home price in Clarksville, IN is $197,000, with a year-over-year change of 4.8%. This indicates that home prices in Clarksville, IN are increasing. According to Zillow, the 1-year price projection is 0.8%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $197,000 | 4.8% |
| Single Family | $199,000 | 4.7% |
| Condos | $125,000 | 3.3% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $165,000 | 3.8% |
3 Bed | $204,000 | 5.2% |
4 Bed | $236,000 | 3.1% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Clarksville, IN
As of July '25, Rentcast reports the average rent in Clarksville, IN is $1,050, with a year-over-year rent change of -3.7%. Per bedroom, the median rent as of July '25 in Clarksville, IN is 1-bedrooms: $907, 2-bedrooms: $992, 3-bedrooms: $1,400, 4-bedrooms: $2,030. The most common rental property sizes in Clarksville, IN are 2-bedroom and 1-bedroom, accounting for 43.2% and 34.3% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $945 | $1,050 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $850 | $907 |
| 2 Bed Rent | $945 | $992 |
| 3 Bed Rent | $1,300 | $1,400 |
| 4 Bed Rent | $2,030 | $2,030 |
% of Rental Stock
Property Listings — Clarksville, IN
As of Oct '25, Realtor.com reports that the median days on market for a home in Clarksville, IN is 46. This is a increase of 36.0% 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 39.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $235,000 | 2.0% |
Listing Count | 62 | 116.0% |
| Listings as % of Homes | 0.2% | 116.0% |
Days on Market | 46 | 36.0% |
Demographics — Clarksville, IN
As of the latest ACS Survey released in 2023, Clarksville, IN has a population of 19,600, which has remained stable by -0.3% over the past 5 years. Clarksville, IN is a moderately popular place for families, as children make up 18.9% of the population. The area has a poorly educated workforce, with 17.0% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 8.0% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 19,600 | -0.3% |
% Under 18 | 18.9% | -4.5% |
% Seniors | 16.6% | -12.6% |
% WFH | 8.0% | 166.7% |
% w/ College Degree | 17.0% | 16.4% |
As of the latest ACS Survey released in 2023, Clarksville, IN is a predominantly white area, with 70.3% of the population identifying as white. The white population has shrunk by 12.6% in the last 5 years. The second most common race or ethnicity in Clarksville, IN is hispanic, making up 18.1% of the population. Foreign-born residents account for 9.6% of the population in Clarksville, IN, and this percentage has increased by 84.6% 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 | 70.3% | -12.6% |
% Black | 8.2% | 22.4% |
% Hispanic | 18.1% | 98.9% |
% Asian | 0.2% | -75.0% |
% Foreign Born | 9.6% | 84.6% |
Mortgage and Risk — Clarksville, IN
According to HUD data as of 2023, there were 356 mortgage originations in Clarksville, IN, of which 77.0% of loans were conventional mortgages. The average loan-to-value was 66.0%, with 38.0% above 90% LTV (very high). This implies large mortgage risk in Clarksville, IN. 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 | 356 |
% Conventional Loans | 77.0% |
% Government Loans | 23.0% |
% Investor Loans | 3.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 12.0% |
Loan Activity
Rentals and Section 8 — Clarksville, IN
As of 2024, the percent of homes in Clarksville, IN under the Section 8 program is 16.7%. This is considered high, suggesting that the neighborhood is heavily composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 1-bedroom and 2-bedroom and 3-bedroom units appear to be good home sizes to consider for Section 8 housing in Clarksville, IN, because HUD payments exceed market rent, while 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 679 |
Total Units Section 8 | 679 |
% Rentals under Section 8 | 16.7% |
% Occupied Section 8 | 93.2% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $170 | $850 | $1,020 |
| 2 Bedroom | $295 | $945 | $1,240 |
| 3 Bedroom | $300 | $1,300 | $1,600 |
| 4 Bedroom | -$180 | $2,030 | $1,850 |
Affordability — Clarksville, IN
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.1 |
| Median Home Price | $197,000 |
| Median Household Income | $55,400 |