Clarksville Home Prices: $328K, Down 0.5% — 3 ZIPs Analyzed (2026)

$328,382. That’s what a typical home costs in Clarksville, TN right now. Prices dipped 0.5% over the past year — a small slide, but it broke a long stretch of post-pandemic gains. For a military town that added over 18,000 residents in four years, the cooling is worth watching.

Quick answer: The average home price in Clarksville, TN is $328,382 as of February 2026, down 0.5% year over year according to Zillow.

Current Home Prices in Clarksville

Here’s the snapshot for February 2026:

The 0.5% annual decline is modest. In dollar terms, the median dropped roughly $1,700 from where it sat in March 2025. You’re not looking at a crash — this is a market that ran up hard during 2021-2022 and has spent the last year catching its breath.

The gap between the cheapest and most expensive ZIP codes is about $102,000. That’s a wide spread for a mid-size city, and it means your experience as a buyer depends heavily on which side of town you’re shopping.

One thing the top-line number hides: prices actually bottomed out around December 2025 at $327,797, then ticked up slightly in January and February. Whether that’s the start of a rebound or a seasonal blip is the question every buyer is asking.

Clarksville Home Prices by Neighborhood

All three tracked ZIP codes tell different stories.

Most Expensive

37043 leads at $391,979 — nearly 19% above the city median. Despite having the highest home values, this ZIP has the lowest average rent at $1,333 per month, which suggests a neighborhood with more owner-occupants than renters.

Most Affordable

37042 comes in at $289,872, roughly 12% below the city average. Interestingly, it carries the highest rent in the city at $1,432 per month. That rent-to-price ratio makes it the most attractive ZIP for investors looking at cash flow.

37040 sits in the middle at $303,296 with $1,356 in monthly rent. It’s a solid entry point if 37042 doesn’t have what you’re looking for.

Rent vs Buy in Clarksville

The average rent across Clarksville’s three main ZIP codes is about $1,374 per month.

Now compare that to buying. On a $328,382 home with 20% down ($65,676), you’d finance roughly $262,706. At a 6.5% mortgage rate over 30 years, your principal and interest payment comes to about $1,660 per month. Add property taxes and insurance, and you’re likely over $2,000.

Renting is cheaper month-to-month by a meaningful margin. The gap is around $675 when you factor in taxes and insurance.

That said, Clarksville’s 10.8% population growth suggests housing demand isn’t going away. If you plan to stay five-plus years, buying locks in your cost while rents keep climbing. But if you’re on a short timeline — common in a military town — renting makes more financial sense.

The 37042 ZIP code is notable here. At $289,872, a home there with 20% down would cost roughly $1,464 per month in principal and interest. That’s closer to what you’d pay in rent for the same area.

Population Growth and Migration

Clarksville added 18,157 residents between 2020 and 2024. That’s 10.8% growth in four years.

Growth has been steady — about 4,500 new residents per year. No single year saw a spike or drop. Fort Campbell drives a lot of this, but the growth pattern suggests Clarksville is pulling in civilians too.

How does that compare to other Tennessee cities?

Only Smyrna grew faster in percentage terms, and that’s a town one-third Clarksville’s size. Among cities over 150,000, Clarksville is the fastest-growing in the state.

More people means more demand for housing. The fact that prices are flat despite this growth rate tells you supply is keeping up — for now. If construction slows while migration doesn’t, that equation changes fast.

Clarksville Housing Market Trends

Here’s the month-by-month picture over the past year:

The pattern is clear. Prices slid from a spring 2025 peak of $330,195 in April down to a trough of $327,797 in December. That’s a $2,398 decline over eight months — less than 1%.

Since December, prices have ticked back up for two consecutive months. The rebound is small — $585 total — but the direction shifted.

All three tiers moved in sync. The spread between the most and least expensive ZIPs stayed consistent around $102,000 throughout the year. No single neighborhood pulled away or collapsed.

Is Clarksville a Good Place to Buy in 2026?

The numbers point to a balanced market tilting slightly toward buyers.

Prices are essentially flat year over year. You’re not chasing a runaway market, and you’re not catching a falling knife. That’s a comfortable position for anyone who wants time to shop without panic.

The population growth is the strongest bullish signal. A city adding 4,500 people per year needs housing. If new construction doesn’t keep pace, today’s flat prices could turn into tomorrow’s gains.

On the other hand, mortgage rates near 6.5% mean your monthly payment is significantly higher than rent. If you’re stationed at Fort Campbell for a two-year rotation, buying doesn’t pencil out. The break-even point is probably in the 4-5 year range at current prices and rates.

For long-term buyers, the 37042 ZIP code offers the best entry point under $290,000. For those with more budget, 37043 has held its value well and comes with lower rents that suggest stronger owner-occupancy rates.

Clarksville Housing Market Outlook for 2026-2027

The three-month trend from December 2025 to February 2026 shows a gentle uptick — about $290 per month. If that pace continues through spring and summer, when buying activity typically picks up, prices could push back toward the $330,000 range by mid-2026.

But don’t expect fireworks. The past twelve months show a market that moves in hundreds, not thousands. Clarksville isn’t Nashville — it doesn’t swing wildly on investor sentiment or tech-sector relocations.

The population growth rate is the variable to watch. At 10.8% over four years, demand pressure is real. If builders pull back due to high material costs or rates, that unmet demand could push prices upward more aggressively in late 2026 or 2027.

Similar Markets in TN

If you’re shopping in Clarksville, these other Tennessee markets are worth comparing:

• Nashville — The state’s largest city and a common comparison point, though prices run significantly higher than Clarksville.
• Murfreesboro — Similar population size and a 9.5% growth rate, making it Clarksville’s closest peer in the state.
• Chattanooga — Slightly larger at 191,496 residents but growing at half Clarksville’s rate.
• Knoxville — East Tennessee’s anchor city with 198,722 people and a more established market.
• Franklin — A smaller, affluent suburb south of Nashville with higher price points.

Frequently Asked Questions

What is the average home price in Clarksville?

The average home price in Clarksville is $328,382 as of February 2026. That figure represents the typical home value across the city’s three main ZIP codes, where prices range from $289,872 in the 37042 area to $391,979 in the 37043 area.

Are home prices going up or down in Clarksville?

Prices are down 0.5% compared to a year ago. However, the month-to-month trend has shifted — values bottomed in December 2025 at $327,797 and have risen slightly for two consecutive months since then. The overall movement has been minimal, with less than $2,400 separating the year’s high and low.

Is it cheaper to rent or buy in Clarksville?

Renting is cheaper right now. The average monthly rent across Clarksville is about $1,374, while a mortgage on the median-priced home with 20% down runs roughly $1,660 in principal and interest alone. Once you add taxes and insurance, the gap widens to around $675 per month. Buying makes sense if you’re staying long enough to build equity — generally five years or more.

What is the most affordable neighborhood in Clarksville?

ZIP code 37042 is the most affordable at $289,872 — about $38,500 below the city median. Despite lower home prices, this area has the highest average rent at $1,432 per month, which gives it the best rent-to-price ratio in the city for potential investors.

Is Clarksville growing or shrinking?

Clarksville is one of the fastest-growing cities in Tennessee. The population reached 185,690 in 2024, up 10.8% from 167,533 in 2020. That’s roughly 4,500 new residents per year, outpacing larger cities like Chattanooga and Knoxville.

Methodology

Home values are based on the Zillow Home Value Index (ZHVI), a smoothed measure of typical home values in the 35th to 65th percentile range. Rent estimates use the Zillow Observed Rent Index (ZORI). Population figures come from the U.S. Census Bureau Population Estimates Program (2020-2024 vintage). All datasets are publicly available. Housing data updated 2026-02-28.