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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
As a result of these changes, the data released since December 2021 will not be directly comparable with previous data releases and Realtor.com® economics blog posts. However, future data releases, including historical data, will consistently apply the new methodology. More details are available at the source's Real Estate Data Library. With the release of its September 2022 housing trends report, Realtor.com® incorporated a new and improved methodology for capturing and reporting housing inventory trends and metrics. The new methodology updates and improves the calculation of time on market and improves handling of duplicate listings. As a result of these changes, the data released since October 2022 will not be directly comparable with previous data releases and Realtor.com® economics blog posts.
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.
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.
Real estate listings held by brokerage firms other than this broker are indicated by detailed information about them such as the name of the listing firms. It reveals the average monthly rent paid for market rate apartments and rental homes in the city, excluding public housing. With 166,722 people, 57,803 houses or apartments, and a median cost of homes of $284,272, Clarksville real estate prices are well above average cost compared to national prices. Zillow Group is committed to ensuring digital accessibility for individuals with disabilities.
Popular Zip Codes in Clarksville, TN
Remember, caveat emptor still applies when buying a property anywhere. Some of the information contained in this article was pulled from third party sites mentioned under references. All information presented should be independently verified through the references given below. As a general policy, the Norada Real Estate Investments makes no claims or assertions about the future housing market conditions across the US. A good cash flow from Clarksville investment properties means the investment is, needless to say, profitable. A bad cash flow, on the other hand, means you won’t have money on hand to repay your debt.
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.
There are currently 548 rental properties in Clarksville and their rent prices range from $465 to $3,500 per month. There are 3 new construction homes for sale in Clarksvillewithin a price range of $230,000 to $245,000. Relative affordability, Nashville's soaring growth and location are some of the distinguishing factors making Clarksville real estate market an extremely alluring place for investment in 2020.
In this article, we shall discuss some more important reasons why you may want to consider buying Clarksville investment properties in 2020. Please note that there are many variables that can potentially impact the value of a home in Clarksville and some of these variables are impossible to predict in advance. The data relating to real estate for sale on this web site comes in part from the Internet Data exchange (“IDX”) program of the Knoxville Area Association of REALTORS® Multiple Listing Service. Some or all of the listings may not belong to the firm whose website is being visited.
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 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.
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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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