Clarksville, Tennessee

In Clarksville, Tennessee, $152,200 is the house value median. The house worth in Clarksville has risen in the last year 5.6 percent. It has been forecasted that in the following year, the house worth of Clarksville houses will drop -0.3 percent.

When home prices fall it is very helpful to home buyers, especially those who have their sights set on purchasing their first home. To have a foothold in real estate costs is a moral booster.

So many aspiring home buyers not only have to often contend with rising home prices, but they also have to contend with rising rents. So they may have to double tighten their belts. However, it could be worth the effort to purchase a home. Once a home is purchased, after awhile you can have fairly stable house costs. In contrast, rent could double in 10 years or less.

Moving on to more numbers regarding Clarksville homes, per square foot, $109 is the list cost median in Clarksville. The metro area of Clarksville has a lower per square foot list cost median of $107.

$209,900 in Clarksville is the cost median for houses listed presently. And in Clarksville, $1,100 is the cost of rent median. The Clarksville Metro area has a lower cost of rent median. It’s $1,050.

The rate of foreclosures has an impact on the real estate economics of any particular location. The higher the rate of foreclosures, the lower the real estate value.

In purchasing a home, it is good to find out what the foreclosure rate is, especially when you find out how it compares to foreclosure rates of other areas.

There is a first step that will occur when there is a foreclosure. And it is called a mortgage delinquency. How would you define a mortgage delinquency. A mortgage delinquency occurs when a home owner does not make good on a mortgage payment.

In Clarksville, 2.2 percent is the percentage of mortgage delinquencies. The United States has a lower mortgage delinquency rate of 1.6 percent.

The median household annual income is $47,489 in Clarksville, TN.