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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.
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.
Home Values Are Surging in Clarksville, Tennessee
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.
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.
Median list price
The Clarksville TN real estate market offers a number of strong fundamentals. As long as the military base doesn’t close, the area will see continual growth. Yet there isn’t enough demand to lead to a building boom that will kill property prices. Clarksville housing market 2020 is shaping up to continue the trend of the last few years as one of the hottest markets in Tennessee.
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.
Homes For Sale in Nearby Cities
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.
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.
Clarksville, TN Rental Market
Median home value is the value which has equal numbers of homes valued above and below it. The median home value is more stable than the average home value, which can be greatly affected by a few very high or very low home values. The price range for all bedrooms and all property types is $675 to $3,500. Housing market information is provided by Altos Research, Inc. based on analysis of all active market properties for sale in the US in the preceding week. All analytics are copyright Altos Research and not affiliated with any MLS. Storm risk estimates how much climate change increases the chances of extreme precipitation, when a lot of rain or snow falls in a short time, including thunderstorms, snowstorms, and tropical cyclones.
Marco Santarelli is an investor, author, Inc. 5000 entrepreneur, and the founder of Norada Real Estate Investments – a nationwide provider of turnkey cash-flow investment property. His mission is to help 1 million people create wealth and passive income and put them on the path to financial freedom with real estate. He’s also the host of the top-rated podcast – Passive Real Estate Investing.
Take the low property prices in the Clarksville housing market into account, and you have an incredibly low property tax bill. The average property tax bill in Tennessee is fifth lowest in the country, and the Clarksville TN real estate market is cheaper than average for the state of Tennessee. If you are looking to invest in the Clarksville real estate, you should that three most important factors when buying a real estate anywhere are location, location, and location. There should be a natural and upcoming high demand for rental properties. Demand would raise the price of your Clarksville investment real estate and you should be able flip it for a lump sum profit. The neighborhoods in Clarksville must be safe to live in and should have a low crime rate.
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.
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