The typical owner-occupied home in Clarksville is worth about $263,600, 8% below the Tennessee median of $286,700 and 21% below the national median of $332,700. Owners pay a median $1,659 a year in property taxes, about 0.63% of their home's value, higher than the Tennessee rate of 0.50%. The median household earns $69,303 a year, so the median home costs 3.8 times the median income (4.1 times for Tennessee). 56% of occupied homes here are lived in by their owners, and 72% of those owners still have a mortgage.
Clarksville at a glance
| Clarksville | Tennessee | U.S. | |
|---|---|---|---|
| Median home value | $263,600 | $286,700 | $332,700 |
| Median property tax paid per year | $1,659 | $1,442 | $3,119 |
| Property tax as a share of value | 0.63% | 0.50% | 0.94% |
| Median household income | $69,303 | $69,595 | $80,734 |
| Homes lived in by their owners | 56% | 67% | 65% |
| Owner homes with a mortgage | 72% | 58% | 61% |
| Median monthly costs, owners with a mortgage | $1,541 | $1,566 | $1,963 |
| Those costs as a share of the owners' income | 20.7% | 19.6% | 21.0% |
| Median rent | $1,307 | $1,189 | $1,413 |
| Rent as a share of renters' income | 29.1% | 29.5% | 30.6% |
| Median year homes were built | 1997 | 1987 | 1980 |
| Vacant homes | 6.2% | 10.2% | 10.1% |
| Population | 176,456 | 7,066,383 | 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 $263,600 with 20% down costs about $1,667 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $2,106, 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 $71,435 for the 20%-down payment. That payment is 29% of the median Clarksville household income of $69,303; at that income and 20% down, the 28% guideline points to a home of about $256,000.
The median rent here is $1,307 a month, so owning the median home costs about $360 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $52,720 |
|---|---|
| Loan amount | $210,880 |
| Principal and interest | $1,419 |
| Property taxes (0.63% a year) | $138 |
| Homeowners insurance (our estimate, 0.5% a year) | $110 |
| PMI | $0 |
| Total per month | $1,667 |
Change the numbers in the calculator
| Down payment | $9,226 |
|---|---|
| Loan amount | $258,826 |
| Principal and interest | $1,741 |
| Property taxes (0.63% a year) | $138 |
| Homeowners insurance (our estimate, 0.5% a year) | $110 |
| FHA mortgage insurance | $117 |
| Total per month | $2,106 |
Change the numbers in the calculator
Questions about home buying in Clarksville
What is the median home value in Clarksville?
About $263,600 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 $1,659 a year, which is about 0.63% 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 $1,667 a month. Keeping that under 28% of gross income takes about $71,435 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