Total monthly cost of ownership
Cost to Own a Home in Clarksville, Indiana
A $173,000 home here costs
$1,455per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $889. The real number is $566 higher every month — 64% more than the payment most buyers budget for.
Where every dollar goes
Only the first line is a mortgage payment. Change any assumption above and every figure below recalculates.
Clarksville against Clark County and Indiana
| Measure | Clarksville | Clark County |
|---|---|---|
| Median home value | $172,700 | $212,400 |
| Median property tax | $1,399 | $1,566 |
| Effective tax rate | 0.810% | 0.737% |
| Median gross rent | $1,031 | $1,058 |
| Population | 22,121 | 122,800 |
The weather behind that power bill
Clarksville sits in Clark County, which averages a high of 87.9°F in its hottest month and a low of 27.1°F in its coldest, with 48.12" of precipitation a year and 30% of it in a single three-month stretch. That climate drives 1,543 cooling and 4,150 heating degree days, which is what sets the $163 electricity line above.
See the full climate breakdown for Clark County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Clark County
Common questions
How much does it cost to own a home in Clarksville?
A $173,000 home in Clarksville, Indiana costs approximately $1,455 per month with 20% down at 6.66%. That is $889 principal and interest, $117 property tax, $74 homeowners insurance, $231 utilities and $144 set aside for maintenance.
What is the property tax rate in Clarksville?
Clarksville has an effective property tax rate of 0.810%, based on a median home value of $172,700 and median real estate taxes of $1,399. That is higher than the Clark County average of 0.737%.
What is the average home price in Clarksville?
The median owner-occupied home value in Clarksville, Indiana is $172,700, against $212,400 across Clark County.
Is it cheaper to rent or buy in Clarksville?
Median gross rent in Clarksville is $1,031 a month, against $1,455 to own the median home all in. Renting costs less month to month here, though renting builds no equity.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Clarksville — US Census Bureau, American Community Survey ACS 2023 5-Year, place-level tables.
- Homeowners insurance — NAIC average premium for Indiana.
- Electricity price — EIA Electric Power Monthly Table 5.6.A.
- Mortgage rate — Freddie Mac PMMS, refreshed weekly.
- Maintenance (1%/yr) and water and sewer ($68/mo) are national estimates. Every assumption above is editable.