Wednesday, December 16, 2020

Average Rental Price in Clarksville, TN & Market Trends Zillow Rental Manager

Discover and understand more about what you can expect for Clarksville, TN in terms of weather, education levels, income levels and more to get a better feel for the city. From Rocket Homes Real Estate and based on county public records data. This part of Clarksville does not contain any high schools or primary schools. When it comes to food, purchasing one's groceries usually demands the use of a vehicle in Avalon. Compared to only Tennessee, Clarksville has a cost of living index that's 1.0x higher than Tennessee's index of 89.

clarksville tn median home price

We are continuously working to improve the accessibility of our web experience for everyone, and we welcome feedback and accommodation requests. If you wish to report an issue or seek an accommodation, please contact us at Currently, there are 1,846 homes listed in Clarksville which include 3 condos, 1 foreclosures. Get started by checking out the most popular home & the most saved home by Coldwell Banker homebuyers in the last 30 days. When you are ready to explore homes, read what Coldwell Banker agents have to say about Clarksville and discover homes for sale in Clarksville. With the release of its November 2021 housing trends report, Realtor.com® incorporated a new and improved methodology for capturing and reporting housing inventory trends and metrics.

Detailed Clarksville Services Costs Vs. Tennessee

Single-family detached homes are the single most common housing type in Clarksville, accounting for 69.18% of the city's housing units. Visit our Buyer Resource Center for the latest home buying advice from top real estate agents across the country. Work with a top Clarksville real estate agent who can help you navigate the market and get the best deal.

The new methodology uses the latest and most accurate data mapping of listing statuses to yield a cleaner and more consistent measurement of active listings at both the national and local level. The methodology has also been adjusted to better account for missing data in some fields including square footage. Most areas across the country will see minor changes with a smaller handful of areas seeing larger updates.

Neighborhoods in Clarksville

This information is updated daily, however, some of these properties may subsequently have sold and may no longer be available. The Real Estate Broker providing this data believes it to be correct, but advises interested parties to confirm the data before relying on it in a purchase decision. Data displayed may be a portion of, and not a complete set of all listings published in the MLS. Many homes in Clarksville are selling fast, if you're buying plan to act quickly. Most Expensive Home This home is 1724% higher than the average home in this area.

This is aside from the fact that the Nashville job market exploded 40 percent in the 2010s. For comparison, the national job market grew 15 percent between 2010 and 2020. As per the Clarksville foreclosure data by Zillow, the percent of delinquent mortgages in Clarksville is 1.0%, which is lower than the national value of 1.1%.

Average rain and snow in Clarksville, TN

Mortgages on properties financed by government-insured loans, such as FHA or VA mortgages, are excluded, as are properties with mortgages whose principal amount exceeds the conforming loan limit. Mortgage transactions on condominiums or multi-unit properties are also excluded. As such, NeighborhoodScout does not produce appreciation rates for neighborhoods that consist solely of renters or have no single-family homes .

clarksville tn median home price

There are currently 120 properties in Clarksville, TN that are in some stage of foreclosure while the number of homes listed for sale on RealtyTrac is 543. In November 2019, the number of properties that received a foreclosure filing in Clarksville, TN was 19% lower than the previous month and 19% lower than the same time last year. Zillow reports that 7.2% of the listings in Clarksville had a price cut in Nov 2019, which is a good thing for buyers. It shows sellers were willing to negotiate on prices as they were finding it more and more difficult to sell homes at asking prices. The median price per square foot in Clarksville in November 2019 was $118. If they remain steady, the annualized appreciation rate would be around 6.4% to 8%, which could trigger a massive interest in the real estate investment opportunities in Clarksville.

If you're a home seller

In 2019, Money magazine ranked Clarksville No. 1 in the list of best places to live. Cost of living in Clarksville is among the lowest in Tennessee and so are median home prices. The median home price in Clarksville is around $145,000, which is 4.1% lower than the Tennessee average. NeighborhoodScout reveals the home appreciation rates for every city, town, and even most neighborhoods in America.

clarksville tn median home price

The Redfin Compete Score rates how competitive an area is on a scale of 0 to 100, where 100 is the most competitive. Based on Redfin calculations of home data from MLS and/or public records. The Clarksville area remains attractive to retirees and families because it puts them in easy reach of the Nashville metro area with its universities and world-class medical centers. The downside of all the people commuting on the few highways that connect to Nashville is that traffic is getting worse. It is the principal central city of the Clarksville, TN–KY MSA, which consists of Montgomery and Stewart counties in Tennessee, and Christian and Trigg counties in Kentucky.

CLARKSVILLE, TN – Several factors have impacted the housing market, leaving many to wonder if the cost will soon be too high. According to an article from House Method, millions of Americans are being priced out of their homes, with 70% of Americans currently unable to afford to buy a home in their state. The predominate size of homes in the city based on the number of bedrooms. Homes include single family houses as well as apartment and condominium units.

clarksville tn median home price

Market temperature is based on changes in renter demand compared to the national average. The latest migration analysis is based on a sample of about two million Redfin.com users who searched for homes across more than 100 metro areas. To be included in this dataset, a Redfin.com user must have viewed at least 10 homes in a three month period. The average homes sell for about 1% below list price and go pending in around 45 days.

Has ESG Investing Peaked or Is It Just Changing?

These resultant neighborhood appreciation rates are a broad measure of the movement of single-family house prices. The appreciation rates serve as an accurate indicator of house price trends at the neighborhood level. Neighborhood appreciation rates from NeighborhoodScout are based on both median house value data reported by respondents via the U.S. Bureau of the Census, and a weighted repeat sales index, meaning that they measure average price changes in repeat sales or refinancings on the same properties. This information is obtained by reviewing repeat mortgage transactions on single-family properties whose mortgages have been purchased or securitized by Fannie Mae or Freddie Mac . Then proprietary algorithms developed by Dr. Schiller, NeighborhoodScout's founder, are applied to produce neighborhood appreciation rates.

Movoto.comAs you can see in the graph, the median price per sq ft rose to its peak value in Nov 2019, when it was $121. Distressed properties such as foreclosures and short sales remained the same as a percentage of the total market in January. One factor that can contribute to rapidly climbing home prices at a local level is demand.

Detailed Clarksville Groceries Costs Vs. Tennessee

Another good market to invest in real estate in 2020 is New Haven in Connecticut. The New Haven real estate market is a gem in the rough in the Northeast. It isn’t landlord friendly, nor does it generate incredibly high rental rates. However, it is a profitable real estate market that offers lower taxes and less red tape than nearby metro areas. Looking forward in this year, the Clarksville real estate market forecast is that home prices will continue to increase by 3.4%. Since 2016, the median home price in Clarksville has increased from $146,000 to $172,500.

The Clarksville TN real estate market is quite affordable, though it has seen relatively high appreciation in the past few years. In 2017, the average home in the Clarksville housing market was worth 154,000 dollars, roughly 15K below the average home price in Tennessee. At the start of 2020, the average home price was just over 170,000 dollars. The new construction homes are located in Park Lane, which is the most expensive neighborhood in Clarksville. Park Lane is a popular neighborhood for buyers who can afford to buy a home in the median price range of $200,000. According to Realtor.com, the median list price of homes in Clarksville, TN was $215.3K in December 2019, trending up 7.7% year-over-year.

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