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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.
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.
Detailed Clarksville Services Costs Vs. Tennessee
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.
The aim of this article was to educate investors who are keen to invest in Clarksville real estate in 2020. Purchasing an investment property requires a lot of studies, planning, and budgeting. We always recommend to do your own research and take help of a real estate investment counselor. Strives to set the standard for our industry and inspire others by raising the bar on providing exceptional real estate investment opportunities in the U.S. growth markets. We can help you succeed by minimizing risk and maximizing profitability.
Neighborhoods in Clarksville
If you are having difficulty accessing or navigating our website, or if you have any suggestions to improve accessibility, please email our team. Visit our Seller Resource Center, backed by top agents, data analysis, and rigorous research. Houses in Clarksville, TN rent between $675 - $3,500 with a median rent of $1,400. We created a seamless online experience for you - from shopping on the largest rental network, to applying, to paying rent.
Appreciation rates are updated by NeighborhoodScout each quarter as additional mortgages are purchased or securitized by Fannie Mae and Freddie Mac. The new mortgage acquisitions are used to identify repeat transactions for the most recent quarter, then are fed into NeighborhoodScout's search algorithms. Maybe, you have done a bit of real estate investing in Clarksville, TN but want to take things further and make it into more than a hobby on the side. It’s only wise to think about how you can and should be investing your money.
Average rain and snow in Clarksville, TN
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.
Christian Black, 2021 President of the Clarksville Association of Realtors, said that many millennials waited to start house hunting which has attributed to the market boom. HomeLight is committed to making our website accessible and user friendly to all. While we are constantly working to improve, we welcome your feedback and accommodation requests.
The typical single family home in Clarksville was worth $204,083 as of January 2021, 14.1% more than what it was worth one year ago. The neighbors living near this home have an average income of $63,629. Residents of Clarksville, TN typically earn between $35k-100k each year. The most common level of education of people living in this area is post secondary degree.
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.
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.
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.
It’s a place to connect with a local agent, explore financing solutions, schedule home tours, understand your buying and selling power, and more. Zillow's metrics aim to inform and support the decision-making process with relevant market data by measuring monthly market changes across various geographies and housing types. It means that the city of Clarksville has a vibrant night life despite its small size.
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.
Detailed Clarksville Groceries Costs Vs. Tennessee
The Clarksville metro area covers several smaller cities and extends into Tennessee. The entire Clarksville housing market includes more than three hundred thousand people. We won’t waste your time bragging about local attractions that may or may not lead tourists to stop there on their way to other parts of the country.
That’s why the city of Clarksville rated a C in terms of crime according to Niche. Public schools and amenities for families in the Clarksville area ranked a B. In Clarksville, a city of about 152,900 residents in Tennessee’s Montgomery County, home values are rising even faster than they are nationwide.
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