Total monthly cost of ownership
Cost to Own a Home in Clarksville, Indiana
A $173,000 home here costs
$1,499per month, all in, with 20% down at today's 7.24% 30-year fixed rate. By the 28% rule that takes a household income of about $64,500 a year.
A standard mortgage calculator would have told you $943. The real number is $556 higher every month, 59% more than the payment most buyers budget for.
Compare Clark County with anywhere in America · full county breakdown
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 $153 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
Talk to someone who works this market
These are Clarksville averages. What one specific house costs to own, or what it would sell for today, depends on the street and the condition of the place. We will connect you with one licensed local agent who works Clarksville every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Clarksville I already own here and may sell
Common questions
How much does it cost to own a home in Clarksville?
A $173,000 home in Clarksville, Indiana costs approximately $1,499 per month with 20% down at 7.24%. That is $943 principal and interest, $117 property tax, $74 homeowners insurance, $221 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 $1,499 to own the median home all in. Renting costs less month to month here, though renting builds no equity.
What salary do you need to buy a home in Clarksville?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Clarksville, Indiana at today's rate takes a household income of roughly $64,500 a year. That covers the full $1,499 monthly cost, not just the mortgage payment.
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.