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Homes here take two months or more to sell due to relatively weak demand, but those who bought a home and were moved to another base are eager to sell. These homes can be purchased at a discount by those who don’t want to be long-distance landlords. Sale / List99.2%Median List $/Sq Ft$115Median Sale Price$210,000Median Sale $/Sq Ft$111There are currently 1238 homes for sale in Clarksville, TN on Realtor.com. The asking price of single family homes can start from $69,000 and can go up to $1.8M for a luxury property.
Buying or selling real estate, for a majority of investors, is one of the most important decisions they will make. If housing supply meets housing demand, real estate investors should not miss the opportunity since entry prices of homes remain affordable. Just over half of the Clarksville TN real estate market consists of renters. A side effect of the military base is that it provides a unique opportunity to find bargain Clarksville real estate investment properties.
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.
¹ Based on Rocket Mortgage data in comparison to public data records. Secure your position in the market with a mortgage from Rocket Mortgage®, our sister company. “I don’t know what the solution is there as far as when this all comes down. If the rates come back down to a reasonable amount, finding a way for it to not spiral out of control again is going to be the tricky part,” Black told Clarksville Now.
Clarksville Real Estate Prices
And demand for housing is often precipitated by a growing population. According to the most recent available Census data, over the last one-year period, Clarksville’s population increased by 1.5%. In the early months of the COVID-19 pandemic, U.S. home sales slumped. Since then, however, the market has come roaring back — and rising demand, in conjunction with a relatively low supply of housing, has caused home values to surge.
SmartAsset’s free tool matches you with up to three financial advisors who serve your area, and you can interview your advisor matches at no cost to decide which one is right for you. If you’re ready to find an advisor who can help you achieve your financial goals, get started now. The cost of living index is set to 100 for the average place in America. An index above 100 means Clarksville is expensive, while a number below 100 means it's a relatively cheap place to live.
Popular Zip Codes in Clarksville, TN
If you wish to report an issue or seek an accommodation, please let us know. In the Clarksville TN real estate market, you can terminate someone for nonpayment of rent in 14 days and lease violations in 30 days. Depending on the criminal offense, they can be evicted immediately or have 72 hours to vacate the premises. Notice for entry is recommended but not required unless you’re showing the property. Nashville has tightened the screws on short-term rentals, and that’s increasing demand for short term rentals in suburbs like Clarksville.
Trulia has currently 1,412 resale and new homes for sale in Clarksville, TN including open houses, and homes in the pre-foreclosure, auction, or bank-owned stages of the foreclosure process. The median sales price is $184,500 and homes are selling for about $153/sqft. Many factors have impacted the housing market boom that started during the COVID-19 pandemic. Millennial demand and low interest rates were at the forefront of those causes, but with interest rates up almost 3% from the start of the year, many are left wondering if there will be a change.
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.
The neighborhoods should be close to basic amenities, public services, schools and shopping malls. Analyzing real estate data from multiple sources gives us a much broader perspective of the direction in which a market is moving. The median list price in Clarksville, TN is $264,900 on Movoto.com. The median list price in Clarksville was less than 1% change from December to January. Clarksville's home resale inventories is 840, which decreased 1 percent since December 2020. Currently, there are 1255 single family homes for sale in Clarksville,TN on Zillow.
He explained that even with rising interest rates, millennial demand is still present and will likely last a little while longer. Percentages are based on the number of housing units for each type over the total number of units across all types. The proportion of homes and apartments in the city built within a certain time period.
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.
Parking is quite easy, and most real estate listings are a reasonably short car ride from the closest highway. Walking is not very practical for property owners in Avalon since carrying out daily needs is difficult. In Avalon, almost all buildings are single detached homes, while townhouses make up most of the remaining housing stock. This part of the city is notable for those looking for three bedroom homes. Roughly 80% of the population of this neighborhood own their home whereas the remainder are renters. A majority of the housing growth in this area has happened following the year 2000.
Drought risk is based on water stress, which estimates how much of the future water supply will be used for human purposes, like watering the lawn. Click on the risks below to learn which exist in Clarksville today and how they’ll change by 2050. Flood risk data is provided by Risk Factor™, a product of the nonprofit First Street Foundation. Risk Factor™ is a peer reviewed scientific model, designed to approximate flood risk and not intended to include all possible risks of flood.
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