Total monthly cost of ownership
Cost to Own a Home in Clarksville, Tennessee
A $236,000 home here costs
$1,941per 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 $83,000 a year.
A standard mortgage calculator would have told you $1,287. The real number is $655 higher every month, 51% more than the payment most buyers budget for.
Compare Montgomery 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 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 $155 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
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 $236,000 home in Clarksville, Tennessee costs approximately $1,941 per month with 20% down at 7.24%. That is $1,287 principal and interest, $136 property tax, $99 homeowners insurance, $223 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 $1,941 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, Tennessee at today's rate takes a household income of roughly $83,000 a year. That covers the full $1,941 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 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.