The typical owner-occupied home in Clarksville is worth about $179,700, 18% below the Indiana median of $218,200 and 46% below the national median of $332,700. Owners pay a median $1,599 a year in property taxes, about 0.89% of their home's value, higher than the Indiana rate of 0.74%. The median household earns $60,467 a year, so the median home costs 3.0 times the median income (3.0 times for Indiana). 61% of occupied homes here are lived in by their owners, and 65% of those owners still have a mortgage.
Clarksville at a glance
| Clarksville | Indiana | U.S. | |
|---|---|---|---|
| Median home value | $179,700 | $218,200 | $332,700 |
| Median property tax paid per year | $1,599 | $1,614 | $3,119 |
| Property tax as a share of value | 0.89% | 0.74% | 0.94% |
| Median household income | $60,467 | $71,957 | $80,734 |
| Homes lived in by their owners | 61% | 71% | 65% |
| Owner homes with a mortgage | 65% | 64% | 61% |
| Median monthly costs, owners with a mortgage | $1,371 | $1,404 | $1,963 |
| Those costs as a share of the owners' income | 17.8% | 18.1% | 21.0% |
| Median rent | $1,110 | $1,062 | $1,413 |
| Rent as a share of renters' income | 30.2% | 29.1% | 30.6% |
| Median year homes were built | 1971 | 1976 | 1980 |
| Vacant homes | 6.8% | 8.8% | 10.1% |
| Population | 22,016 | 6,851,073 | 334,922,499 |
What a typical home costs per month in Clarksville
At this week's average 30-year rate of 7.11%, buying the median Clarksville home of $179,700 with 20% down costs about $1,175 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $1,475, because the loan is bigger and FHA adds mortgage insurance.
Lenders usually want housing costs under about 28% of gross income, which means an income of roughly $50,367 for the 20%-down payment. That payment is 23% of the median Clarksville household income of $60,467; at that income and 20% down, the 28% guideline points to a home of about $216,000.
The median rent here is $1,110 a month, so owning the median home costs about $65 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $35,940 |
|---|---|
| Loan amount | $143,760 |
| Principal and interest | $967 |
| Property taxes (0.89% a year) | $133 |
| Homeowners insurance (our estimate, 0.5% a year) | $75 |
| PMI | $0 |
| Total per month | $1,175 |
Change the numbers in the calculator
| Down payment | $6,290 |
|---|---|
| Loan amount | $176,445 |
| Principal and interest | $1,187 |
| Property taxes (0.89% a year) | $133 |
| Homeowners insurance (our estimate, 0.5% a year) | $75 |
| FHA mortgage insurance | $79 |
| Total per month | $1,475 |
Change the numbers in the calculator
Questions about home buying in Clarksville
What is the median home value in Clarksville?
About $179,700 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Clarksville?
Homeowners pay a median $1,599 a year, which is about 0.89% of the median home value. Your bill depends on your home's assessed value and local rates.
What income do you need to buy a home in Clarksville?
For the median home with 20% down at 7.11%, the payment is about $1,175 a month. Keeping that under 28% of gross income takes about $50,367 a year.
More about Clarksville
- Mortgage Refinance in Clarksville
- Debt Relief in Clarksville
- Home Equity Loans in Clarksville
- Guides and quotes for mortgage refinance on our sister site, MortgageRefinance.com
Sources: U.S. Census Bureau, American Community Survey 2020–2024 5-year estimates; Freddie Mac Primary Mortgage Market Survey, week of November 12, 2026. Estimates for small places have wide margins of error. About our data