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City · 176,456 residents · Montgomery County, Tennessee

Clarksville , Tennessee

In Clarksville, a typical home is worth $263,600 and typical rent is $1,307 a month. Compared with all of Montgomery County, typical household income is 8% lower, the typical home value is 6% lower, and the share of households that own their home is 6 points lower.

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  • Typical home value

    $263,600

    6% below the county

    8% below Tennessee

    • Clarksville
    • Montgomery
    • Tennessee

  • Typical rent

    $1,307a month

    About the same as the county

    10% above Tennessee

    • Clarksville
    • Montgomery
    • Tennessee

  • Typical household income

    $69,303a year

    8% below the county

    About the same as Tennessee

    • Clarksville
    • Montgomery
    • Tennessee

  • Households that own their home

    56%

    6 points below the county

    11 points below Tennessee

    • Clarksville
    • Montgomery
    • Tennessee

Source: U.S. Census Bureau, Average 2020–2024

Market now, with Zillow data

Zillow data
Typical home value
$317,914
about the same as 12 months ago
Typical rent
$1,372 a month
2.1% more than 12 months ago

From Zillow (ZHVI/ZORI), September 2026. The Census figures above are 5-year averages (2020–2024).

Clarksville is in Montgomery County. The FHA loan limit ($541,287 for a one-unit home), the fair market rents and the help on this page are those of all of Montgomery County. See the county

Data updated: October 1, 2026 11 official sources

Only here

What sets Clarksville apart

What this place has that others do not, from public data, most unusual first.

  1. Nearby, in Dickson, the typical rent is $1,063: 19% less than in Clarksville ($1,307).

  2. 56% of households in Clarksville own their home, against 62% in Montgomery County.

Sources: U.S. Census Bureau (Average 2020–2024).

The homes here

Housing in Clarksville

What homes there are in Clarksville, what they cost, how that changed and how people live, from Census figures (2020–2024).

What homes there are

U.S. Census Bureau, ACS 5-year, 2020–2024

Kind of home

The detached house is still the most common home in Clarksville, but it weighs less than in Montgomery County: 67% against 71%.

Year built

In Clarksville, half of the homes were built before 1997; in Montgomery County, before 1998.

Homes in Clarksville are smaller: 68% have 3 bedrooms or more; in Montgomery County, 72%.

All homes, occupied or empty. A figure the Census cannot measure precisely enough here is not shown.

Census tables: B25024, B25034, B25035, B25041

What it costs here

U.S. Census Bureau, ACS 5-year, 2020–2024

Value of owner-occupied homes

About 95% of owner-occupied homes in Clarksville are worth less than the FHA loan limit for Montgomery County ($541,287).

Monthly rent with utilities

Measured against HUD's 2-bedroom fair market rent ($1,307), about 48% of rented homes in Clarksville cost less.

With a mortgage

$1,541 a month

Montgomery County: $1,616 a month

Without a mortgage

$480 a month

Montgomery County: $487 a month

Owners with a mortgage

72%

Montgomery County: 71%

Owning costs about the same in Clarksville as in Montgomery County: with a mortgage, $1,541 a month; without one, $480.

Value: what owners think their home is worth. Rent: rent plus utilities, for homes of every size. The FHA limit is the most an FHA loan (Federal Housing Administration) lends for a one-unit home; the fair market rent (FMR) is the one HUD uses for housing vouchers.

Census tables: B25075, B25063, B25088, B25081

How it changed

U.S. Census Bureau, ACS 5-year, 2015–2019 and 2020–2024

Change since 2015–2019

Much as in Montgomery County, the typical home value in Clarksville rose 71% since 2015–2019.

The typical rent in Clarksville rose 36% since 2015–2019, about the same as in Montgomery County (35%).

The typical household income in Clarksville rose 29%: less than home values (+71%) and rent (+36%).

Change between two 5-year periods that do not overlap, in each period's dollars, not adjusted for inflation.

Census tables: B25077, B25064, B19013

How people live

U.S. Census Bureau, ACS 5-year, 2020–2024

MeasureClarksvilleMontgomery CountyTennesseeUnited States
Rental vacancy 5.3%5.5%6.1%5.5%
Homeowner vacancy 1.4%1.1%0.9%0.9%
More than one person per room 2.9%2.7%2.2%3.4%
People per household 2.542.622.452.53
Drive alone 80%80%76%69%
Carpool 9%9%8%9%
Public transit 0%0%0%3%
Walk or bike 2%1%1%3%
Work from home 9%9%13%15%
Other means 2%1%1%2%
Typical commute 20 to 29 minutes20 to 29 minutes20 to 29 minutes20 to 29 minutes

Much as in Montgomery County, the rental vacancy rate in Clarksville is 5.3%.

Much as in Montgomery County, 2.9% of households in Clarksville have more than one person per room.

A household in Clarksville has 2.54 people on average, about the same as in Montgomery County (2.62).

The car rules in Clarksville: 80% of workers drive to work alone, and the typical trip takes 20 to 29 minutes.

Vacancy: empty homes offered for rent or for sale. Rooms: every room in the home, not only bedrooms. Commute: the minute range of the typical worker.

Census tables: B25004, B25003, B25014, B25010, B08301, B08303

Do the math

What would you pay each month for a home in Clarksville?

A typical home costs more than the typical income allows

We start with a typical home in Clarksville, worth $263,600, an FHA loan with 3.5% down and the latest average rate (7.18%). That payment would take 37% of the typical household income in Clarksville, which is $69,303 a year. For that payment to be 28% of income, a household would need to earn about $90,779 a year.

The calculator's FHA and conventional loan limits are those of all of Montgomery County.

Your numbers

Local data
$

Starts at the typical home value in Clarksville. Change it to the price you have in mind.

Loan type
Your credit score

Your score changes which loans apply and FHA's minimum down payment. Your real rate also depends on your credit.

Down payment
%

That is $9,226 (3.5% of the price). The usual minimum for this loan is 3.5%.

This week's average ± a quarter or half point.

Term

National average as of November 5, 2026 (Freddie Mac); your rate may be different.

Adjust advanced details

Estimated monthly payment

Local data

$2,118

at 7.18% · 30 years

Loan amount
$258,826
Total interest
$372,389
Paid off in
November 2056

Includes $4,452 FHA upfront mortgage insurance premium.

Does it fit the income?

  • Comfortable

    up to $1,617 a month

  • Tight

    $1,617 to $2,079 a month

  • Hard

    more than $2,079 a month

    Your payment · 37%

Compared with the typical household income in Clarksville ($69,303 a year). Reference: HUD calls paying more than 30% of income for housing a cost burden.

Show the result as
per month$2,118
Principal & interest$1,753
Property tax$138
Home insurance$110
FHA mortgage insurance (MIP)$117

You need at least $9,226 for the down payment, plus closing costs.

Next step

This is an estimate to give you an idea, not a loan offer. Your real payment depends on your rate, your credit, and the insurance and taxes on the home you buy.

The city and its county

Clarksville and Montgomery County

Clarksville is in Montgomery County, Tennessee. The U.S. Census Bureau publishes its own numbers for the city: home values, rent, household income, how many households own their home and the property tax. They are American Community Survey estimates (average 2020–2024).

Clarksville's own numbers

Typical home value
$263,600
Typical monthly rent
$1,307
Typical yearly household income
$69,303
Households that own their home
56%
Effective property tax rate
0.63%

U.S. Census Bureau, American Community Survey (average 2020–2024).

Numbers for all of Montgomery County

FHA limit, one-unit home
$541,287
Conventional limit, one unit
$832,750
HUD fair market rent, 2 bedrooms
$1,307
Price change over 5 years (FHFA)
+61%
Homes in a high flood-risk zone
0.2%

HUD, FHFA and FEMA don't publish these numbers by city.

Other numbers are not published by city, only for the whole county: FHA and conventional loan limits, HUD’s fair market rents, FHFA’s price index and FEMA’s flood data. On this page, those numbers always say they are for all of Montgomery County.

Everything about Montgomery County

Buying

Buying a home in Clarksville

A typical home in Clarksville is worth $263,600: 6% below the county and 8% below Tennessee. With the typical household income in Clarksville ($69,303 a year), a typical home costs 3.8 times what the household earns in a year.

Years of income to pay for a typical home

The typical home value divided by the typical household income for one year. The lower it is, the less buying weighs.

  • Clarksville 3.8 years
  • Montgomery 3.7 years
  • Tennessee 4.1 years
  • United States 4.1 years
Source: U.S. Census Bureau, Average 2020–2024

How prices have changed in Montgomery County

According to FHFA’s house price index, home prices in Montgomery County rose 107% in the 10 years through 2025.

FHFA does not publish this index by city: these are the numbers for all of Montgomery County.

Period County Tennessee U.S.
Last year (2025) +3.7% +2.4% +2.9%
5 years (2020–2025) +61% +60% +47%
10 years (2015–2025) +107% +114% +85%

The index follows the price of the same homes over time (sales and appraisals with Fannie Mae and Freddie Mac loans). It is not the average price of a home. FHFA considers its annual county indexes experimental. Source: FHFA, 2025 data

Clarksville next to Montgomery County, Tennessee and the U.S.

Three numbers side by side. “Typical” means the median: half are above it and half below.

Typical home value
  • Clarksville $263,600
  • Montgomery $280,200
  • Tennessee $286,700
  • United States $332,700
Typical monthly rent
  • Clarksville $1,307
  • Montgomery $1,308
  • Tennessee $1,189
  • United States $1,413
Typical yearly household income
  • Clarksville $69,303
  • Montgomery $75,613
  • Tennessee $69,595
  • United States $80,734
See the full table
Clarksville next to Montgomery County and Tennessee
Measure Clarksville Montgomery County Tennessee U.S.
Typical home value $263,600 $280,200 $286,700 $332,700
Typical monthly rent $1,307 $1,308 $1,189 $1,413
Typical yearly household income $69,303 $75,613 $69,595 $80,734
Households that own their home 56% 62% 67% 65%
Typical yearly property tax $1,659 $1,697 $1,442 $3,119
Effective property tax rate 0.63% 0.61% 0.5% 0.94%
Renters with high rent for their income 48% 46% 49% 51%

“Typical” means the median: half are above and half are below. ▲ and ▼ say whether the city is above or below Montgomery County. “High rent” is the Census measure: renter households that pay 30% or more of their income in rent.

Four ways to pay for a typical home in Clarksville

For a typical $263,600 home in Clarksville, at Freddie Mac's average rate (7.18% as of November 5, 2026) over 30 years. The monthly payment adds principal and interest, Clarksville's typical property tax, an example home insurance and mortgage insurance when it applies.

  • FHA, 3.5% down $2,118a month

    Least cash to close
    Down payment
    $9,226
    Cash to close
    $17,134
    Rate
    7.18%
    Mortgage insurance
    FHA MIP · $117

  • Conventional, 5% down $2,070a month

    Down payment
    $13,180
    Cash to close
    $21,088
    Rate
    7.18%
    Mortgage insurance
    PMI · $125

  • Conventional, 20% down, no PMI $1,677a month

    Down payment
    $52,720
    Cash to close
    $60,628
    Rate
    7.18%
    Mortgage insurance
    None

  • ITIN, 15% down (example) $1,920a month

    Down payment
    $39,540
    Cash to close
    $47,448
    Rate
    8.18%
    Mortgage insurance
    None

The option that asks for the least cash to close is FHA, 3.5% down.

  • Cash to close = down payment plus 3% of the price in closing costs (example).
  • Minimum score: FHA requires 580 or higher for the minimum down payment (HUD Handbook 4000.1). * Fannie Mae requires 620 when a loan is underwritten by hand; its automated system has no fixed minimum.
  • The ITIN row is an example with a rate 1 percentage point higher: ITIN loans follow no federal rule and each lender sets its own down payment and rate. Nothing in this table promises an approval.

How much house can I afford? Estimate closing costs

Taxes and floods

Two costs that change from place to place

Property tax and flood insurance raise or lower what you pay each month. Here are the numbers for Clarksville and for Montgomery County.

Property tax

Effective rate in Clarksville

0.63%of the home’s value each year

$1,659 a year for the typical owner in Clarksville.

  • Clarksville 0.63%
  • Montgomery 0.61%
  • Tennessee 0.5%

What Tennessee publishes Property tax relief for older, disabled and disabled-veteran homeowners (Tennessee Comptroller of the Treasury, 2026 Property Tax Relief Program brochure)

Exemptions and deadlines in Tennessee

Flood risk in Montgomery County

FEMA does not publish these numbers by city: they are for all of Montgomery County.

Homes in the high-risk zone
0.2%
138
Of those, with NFIP insurance
53%
County Tennessee U.S.
Homes in the high-risk zone 0.2% 1.6% 3.5%
Of those, with NFIP insurance 53% 25% 48%

Most homeowners insurance policies do not cover flood damage.

Look up your address on FEMA’s map

Renting

Renting in Clarksville

Typical rent in Clarksville is $1,307 a month: about the same as the county. In Clarksville, 48% of renter households pay 30% or more of their income in rent.

HUD publishes a fair market rent for all of Montgomery County, by unit size. To pay the 2-bedroom one ($1,307 a month) without spending more than 30% of your income, you would need to earn $25.13 an hour working full time.

HUD fair market rent for all of Montgomery County

What you need to earn to pay it without spending more than 30% of income, working full time.

Size Fair rent a month Hourly wage Yearly income
Studio $1,061 $20.40 $42,440
1 bedroom $1,068 $20.54 $42,720
2 bedrooms $1,307 $25.13 $52,280
3 bedrooms $1,786 $34.35 $71,440
4 bedrooms $2,185 $42.02 $87,400

Includes basic utilities. It isn't the lowest or highest rent: it's a reference point. Source: HUD, Fiscal year 2027

By ZIP code

Fair market rent by ZIP code in Clarksville

HUD also publishes a fair market rent for each ZIP code (Small Area FMR, fiscal year 2027). Clarksville has 3 ZIP codes with their own.

For 2 bedrooms it runs from $1,350 in 37040 to $1,380 in 37043.

3 of the 3 are above the fair market rent for Montgomery County ($1,307).

  • 37040 $1,350$1,850
  • 37042 $1,360$1,860
  • 37043 $1,380$1,890

3 of these ZIP codes cross the city line: HUD sets the rent by ZIP code, not by city. A ZIP code counts for Clarksville when at least 50% of its land is inside the city or it covers at least 15% of the city (Census 2020 boundaries). Source: Small Area Fair Market Rents (HUD) Fiscal year 2027 Small Area Fair Market Rents (HUD) Source: Census Bureau ZCTA-to-place relationship file Data from 2020 data Census Bureau ZCTA-to-place relationship file

Is your rent high for your ZIP?

Low-income apartments

Low-income apartments in Clarksville

HUD lists 21 buildings with rents for lower incomes in Clarksville. These are the largest.

  • Lincoln Homes 18A Lincoln Dr, Clarksville 37040 262 homes, 257 low-income · Run by The Clarksville Housing Authority · Average payment: $282 a month · Average wait: 13 months (931) 647-2303
  • Summit Heights 1A Summit Hts, Clarksville 37040 246 low-income homes · Run by The Clarksville Housing Authority · Average payment: $300 a month · Average wait: 11 months (931) 647-2303
  • South Central Village Apts of Clarksville 1420 Paradise Hill Rd, Clarksville 37043 134 homes, 133 low-income · For older adults (931) 645-1274
  • Cumberland Manor Apts 1121 Riverwood Pl, Clarksville 37040 132 low-income homes · 1 bd: 32 · 2 bd: 76 · 3 bd: 24 · In service since 1996 · For families
  • Orchard Park Apts I 375 S Lancaster Rd, Clarksville 37042 112 low-income homes · 1 bd: 16 · 2 bd: 64 · 3 bd: 32 · In service since 2001 · For people with disabilities, families

See all 21 buildings in Montgomery County Source: HUD, Retrieved November 6, 2026

Free help

Help to buy or rent in Clarksville

You do not have to do this alone. A HUD-approved housing counseling agency helps for free or at low cost: getting ready to buy, understanding your credit, or solving a problem with your rent.

We found no HUD-approved agencies with an office in Montgomery County. The nearest ones are below; many serve by phone or online.

A grandmother pushes her grandson on a playground swing.

HUD counseling is free or low-cost

Assistance programs in Clarksville

No down payment, repair or rent-help program on our list is for Clarksville or Montgomery County. The ones below are statewide in Tennessee: they work in Clarksville the same as in the rest of the state.

Which programs do I qualify for? All programs in Tennessee

  • Great Choice Plus

    Statewide in Tennessee

    Tennessee state agency help with the down payment and closing costs alongside the Great Choice mortgage: $6,000 or $10,000 forgivable over 10 years with no payments, or up to 5% of the price (maximum $15,000) as a 30-year second mortgage. Offered by Tennessee Housing Development Agency (THDA).

    ForgivableRepayable

    See the program Official page

Housing counselors near Clarksville

The HUD-approved agencies closest to the center of Clarksville, in a straight line, nearest first. If one says it serves in Spanish, its card says so.

  • William Franklin Buchanan CDC

    4121 Clarksville Pike, Nashville · 37 miles away

    • Pre-purchase counseling
    • Homebuyer education workshops
    (615) 669-2454

  • Affordable Housing Resources of Nashville, Inc

    1 Vantage Way Ste C130, Nashville · 40 miles away

    • Mortgage delinquency and default
    • Budget and financial counseling
    • and 6 more
    (615) 251-0025

  • Operation Hope- Nashville Mso Branch

    2013 Jefferson St, Nashville · 41 miles away

    • Budget and financial counseling
    • Budget and credit workshops
    • and 2 more
    (615) 601-2920

All counseling agencies in Tennessee

Help in Spanish near Clarksville

None of the 3 agencies on this list say they serve in Spanish.

Ask for service in Spanish

When you call, say “Spanish, please” or ask if someone speaks Spanish. If not, ask whether they offer an interpreter.

Housing authorities of Clarksville

HUD’s record names them for Clarksville or Montgomery County. They run public housing or Section 8 vouchers. Ask whether their waiting list is open.

All housing agencies in Tennessee Source: HUD

Cities

Nearby cities

The cities closest to Clarksville, with the typical home value.

Everything about Montgomery County Housing in Tennessee

Neighboring counties

If Montgomery County is out of reach, look next door. Each number is that county's own.

Keep going

Guides for your next step

Short explanations, in plain language and with official sources, for buying or renting in Clarksville.

All guides
A smiling girl holds up a small mushroom she found on a forest outing.

Questions

Housing questions about Clarksville

Short answers with the numbers for Clarksville and all of Montgomery County. If your case is different, a HUD-approved counseling agency can guide you for free or at low cost.

How much does a typical home cost in Clarksville?

The typical home value in Clarksville is $263,600, according to the U.S. Census Bureau (average 2020–2024). For comparison, in Montgomery County it is $280,200.

How much does it cost to rent in Clarksville?

Typical rent in Clarksville is $1,307 a month, according to the U.S. Census Bureau. HUD’s fair market rent for 2 bedrooms in Montgomery County is $1,307.

What is the FHA loan limit in Clarksville?

Clarksville uses the FHA limit for all of Montgomery County (2026): $541,287 for a one-unit home and $1,041,125 for a four-unit home.

How much property tax do owners pay in Clarksville?

The typical homeowner in Clarksville pays $1,659 a year, according to the U.S. Census Bureau. That is 0.63% of the home’s value; in Montgomery County, the rate is 0.61%.

Where can I find free help to buy or rent in Clarksville?

We found no HUD-approved counseling agencies with an office in Montgomery County; the nearest ones are on this page. They can help you get ready to buy, with your credit, or with rent.

Sources: American Community Survey (ACS) 5-year estimates (Average 2020–2024); FHA mortgage limits (HUD) (2026 data); Conforming loan limits (FHFA) (2026 data); Fair Market Rents (HUD) (Fiscal year 2027); Small Area Fair Market Rents (HUD) (Fiscal year 2027); Census Bureau ZCTA-to-place relationship file (2020 data); HUD-approved housing counseling agencies (Retrieved November 6, 2026); Public Housing Agencies (HUD) (Retrieved November 6, 2026); Freddie Mac Primary Mortgage Market Survey (PMMS) (As of November 5, 2026); FHFA House Price Index (HPI) (2025 data); Homes with flood insurance (NFIP, FEMA) (As of August 3, 2026).