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Since it is less easy to get around town in Clarksville, TN a bike or car will be helpful. If you’re an investor looking to minimize expenses, consider checking out online brokerages. They often offer low investment fees, helping you maximize your profit. A financial advisor can help you understand the advantages and disadvantages of investment properties.
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.
Clarksville Cost Of Living Vs. Tennessee
It's also important to consider median household incomes to make apples-to-apples comparisons across locations. If you're buying a home in Clarksville, expect to pay close to the asking price. The percentage of housing units in the city that are occupied by the property owner versus occupied by a tenant . Relative to Tennessee, our data show that Clarksville's latest annual appreciation rate is higher than 80% of the other cities and towns in Tennessee.
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.
Clarksville Real Estate Prices
The average sale price per square foot in Clarksville is $165, up 10.7% since last year. And the area offers more jobs and higher paying jobs than the surrounding rural area. Per capita income in Clarksville is 55K, while the Tennessee average is 51K. The Clarksville area is seeing slow job growth, and that has positive, long-term implications for the Clarksville housing market. For example, the slow, steady job market growth compared to the stagnating job market in the surrounding rural areas led to 17 percent population growth in Clarksville and its suburbs.
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.
Popular Zip Codes in Clarksville, TN
Individual neighborhoods within Clarksville differ in their investment potential, sometimes by a great deal. Clarksville, Tennessee is one of two cities that support Fort Campbell. This creates a large number of jobs in the Clarksville TN real estate market and gives the city a median age nearly a decade below the Tennessee average. This is in line with the national average but not so bad that it doesn’t attract people to the area. For example, the unemployment rate in the Clarksville housing market is almost a full point lower than in neighboring Kentucky.
School service boundaries are intended to be used as reference only. To verify enrollment eligibility for a property, contact the school directly. 47% of Clarksville homebuyers searched to stay within the Clarksville metropolitan area. Los Angeles homebuyers searched to move into Clarksville more than any other metro followed by Chicago and San Francisco. Across the nation, 0.12% of homebuyers searched to move into Clarksville from outside metros. In Sep '22 - Nov '22, 53% of Clarksville homebuyers searched to move out of Clarksville, while 47% looked to stay within the metropolitan area.
Clarksville, TN HOME PRICES
Therefore, finding a good Clarksville real estate investment opportunity would be a key to your success. If you invest wisely in the Clarksville real estate, you could secure your future. Is the Clarksville, Tennessee area a good place to invest in real estate? It is hard to answer that immediately given how many have no idea where Clarksville, Tennessee is. Let’s learn more about Clarksville, TN before we share the pros and cons of investing in the Clarksville TN real estate market. Clarksville is a growing city with a well-preserved small-town feel.
In fact, Clarksville is starting to be called a suburb of Nashville, Tennessee.
This equates to an annual average Clarksville house appreciation rate of 6.43%. Find out by comparing median home prices in Clarksville over the past three years with our interactive graph, or get a weekly glance with the table view. View Clarksville median home price data from the past 6 months, 1 year, or 3 years by using the toggle buttons in the top-right corner of the graph.
HUD homes are owned by the US Department of Housing and Urban Development and present a greater range of financing options than traditional homebuying paths. To learn more about our current HUD homes in Clarksville, TN, register today! Of course, housing markets also respond more to local forces, and not all parts of the country followed the national pattern. Rocket Homes Real Estate LLC is committed to ensuring digital accessibility for individuals with disabilities.
Park Lane has a median listing price of $200,000, making it the most expensive neighborhood. Brandon Hills is the most affordable neighborhood, with a median listing price of $122,000. For a city like Clarksville, with its 154,431 residents, HUD homes are an increasingly viable option for those trying to move into a new home but may be feeling squeezed out of the current housing market.
Here is the Clarksville, TN real estate price appreciation graph by Zillow. It shows us the current home price appreciation forecast of 3.4% till Nov 2020. Check out Clarksville, TN HUD homes for sale, which may include auction properties, for sale by owner, and more. Housing swings affordability the most between places in Tennessee, so we broke down the statistics around housing costs into more detail.
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