Analytics built by: Location, Inc.
Raw data sources: American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data
With 21,782 people, 8,981 houses or apartments, and a median cost of homes of $239,455, house prices in Clarksville are solidly below the national average.
Single-family detached homes are the single most common housing type in Clarksville, accounting for 59.15% of the town's housing units. Other types of housing that are prevalent in Clarksville include large apartment complexes or high rise apartments ( 24.59%), mobile homes or trailers ( 6.08%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 5.24%).
The most prevalent building size and type in Clarksville are three and four bedroom dwellings, chiefly found in single-family detached homes. The town has a mixture of owners and renters, with 58.85% owning and 41.15% renting.
At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Clarksville's housing was primarily built during this period, from the '40s through the '60s. A full 42.90% of the town's housing hails from this era. Other housing ages represented in Clarksville include homes built between 1970-1999 ( 36.91%) and housing constructed between 2000 and later ( 13.63%). There's also some housing in Clarksville built before 1939 ( 6.57%).
Appreciation rates for homes in Clarksville have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 106.22%, which ranks in the top 30% nationwide. This equates to an annual average Clarksville house appreciation rate of 7.51%.
NeighborhoodScout's data show that during the latest twelve months, Clarksville's appreciation rate, at 5.99%, has been at or slightly above the national average. In the latest quarter, Clarksville's appreciation rate has been 0.92%, which annualizes to a rate of 3.75%.
Relative to Indiana, our data show that Clarksville's latest annual appreciation rate is lower than 50% of the other cities and towns in Indiana.
One very important thing to keep in mind is that these are average appreciation rates for the town. Individual neighborhoods within Clarksville differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Clarksville - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Clarksville real estate investment or home purchase decisions.
$239,455
for Indiana
for nation
8,981
$1,679 / per month