Total monthly cost of ownership
Cost to Own a Home in Clarksville, Tennessee
A $236,000 home here costs
$1,843per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $1,213. The real number is $630 higher every month — 52% 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 Montgomery County and Tennessee
| Measure | Clarksville | Montgomery County |
|---|---|---|
| Median home value | $236,100 | $248,300 |
| Median property tax | $1,628 | $1,671 |
| Effective tax rate | 0.690% | 0.673% |
| Median gross rent | $1,215 | $1,219 |
| Population | 171,897 | 227,957 |
The weather behind that power bill
Clarksville sits in Montgomery County, which averages a high of 88.9°F in its hottest month and a low of 27.4°F in its coldest, with 53.25" of precipitation a year and 32% of it in a single three-month stretch. That climate drives 1,484 cooling and 3,916 heating degree days, which is what sets the $130 electricity line above.
See the full climate breakdown for Montgomery County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Montgomery County
No other places of this size are published in Montgomery County.
Full Montgomery County cost breakdown · Every county in Tennessee
Common questions
How much does it cost to own a home in Clarksville?
A $236,000 home in Clarksville, Tennessee costs approximately $1,843 per month with 20% down at 6.66%. That is $1,213 principal and interest, $136 property tax, $99 homeowners insurance, $198 utilities and $197 set aside for maintenance.
What is the property tax rate in Clarksville?
Clarksville has an effective property tax rate of 0.690%, based on a median home value of $236,100 and median real estate taxes of $1,628. That is higher than the Montgomery County average of 0.673%.
What is the average home price in Clarksville?
The median owner-occupied home value in Clarksville, Tennessee is $236,100, against $248,300 across Montgomery County.
Is it cheaper to rent or buy in Clarksville?
Median gross rent in Clarksville is $1,215 a month, against $1,843 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 Tennessee.
- 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.