Clarksville Tennessee Residential Rent and Rental Statistics
The median monthly gross residential rent in Clarksville, TN (the Clarksville metro area) was $902 in 2019 according to the Census ACS survey.1 Average gross rent in Clarksville was $893 in 2019. The median rent more accurately depicts rental rates in the middle of the distribution of rents and is thus preferred in the analysis below. 2020 Clarksville median and average rent data will be released in September of 2021.
Data is also available below for Clarksville rental vacancy rates, Clarksville rent as a percent of median income and the fraction of renters in Clarksville.
Real Gross Rent in Clarksville Tennessee (2019 dollars)2
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US Median Gross Rent | $1,097 | +1.86% | +6.82% |
| Tennessee Median Gross Rent | $904 | +3.08% | +7.11% |
| Clarksville, TN Median Gross Rent | $902 | -4.45% | -1.53% |
Clarksville, TN Real Gross Rent Trends
Median gross rent for Clarksville peaked in real terms in 2018 at $944 and is now $42 (4.45%) lower. Average gross rent for Clarksville peaked in real terms in 2015 at $944 and is now $51 (5.40%) lower.
Real Gross Rent in Clarksville: Clarksville TN Median, Clarksville TN Average, Tennessee Median, US Median
Real Gross Rent History for Clarksville
| Date | US Median |
Tennessee Median |
Clarksville, TN Median |
Clarksville, TN Average |
|---|---|---|---|---|
| 2019 | $1,097 | $904 | $902 | $893 |
| 2018 | $1,077 | $877 | $944 | $925 |
| 2017 | $1,043 | $859 | $935 | $922 |
| 2016 | $1,027 | $844 | $916 | $923 |
| 2015 | $1,017 | $833 | $927 | $944 |
| 2014 | $986 | $813 | $861 | $852 |
| 2013 | $953 | $788 | $892 | $858 |
| 2012 | $940 | $777 | $849 | $823 |
| 2011 | $941 | $772 | $864 | $842 |
| 2010 | $955 | $779 | $827 | $808 |
| 2009 | $960 | $777 | $816 | $776 |
| 2007 | $927 | $745 | $757 | $703 |
| 2005 | $910 | $729 | $765 | $689 |
Clarksville Rental Vacancy Rate
The rental vacancy rate is the fraction of homes for rent that are not occupied.3 In 2019 the rental vacancy rate for Clarksville Tennessee was 6.67% according to Census ACS data.
Rental Vacancy Rate in Clarksville Tennessee
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | 5.97% | -0.18% | +0.08% |
| Tennessee | 7.27% | -0.29% | +0.59% |
| Clarksville, TN | 6.67% | -2.27% | -4.51% |
Trends in Clarksville, TN Rental Vacancy Rate
The rental vacancy rate in Clarksville peaked in 2008 at 15.15%. Since then it has fallen by 8.48% to 6.67%. Data records for this series originated in 2005.
Rental Vacancy Rate: Clarksville TN, Tennessee, US
Historical Rental Vacancy Rate data for Clarksville
| Date | US | Tennessee | Clarksville, TN |
|---|---|---|---|
| 2019 | 5.97% | 7.27% | 6.67% |
| 2018 | 6.15% | 7.56% | 8.94% |
| 2017 | 6.18% | 6.67% | 8.02% |
| 2016 | 5.89% | 6.68% | 11.18% |
| 2015 | 5.85% | 7.13% | 10.34% |
| 2014 | 6.32% | 7.24% | 10.70% |
| 2013 | 6.49% | 7.86% | 10.87% |
| 2012 | 6.77% | 7.89% | 7.43% |
| 2011 | 7.40% | 8.54% | 7.96% |
| 2010 | 8.17% | 10.33% | 12.78% |
| 2009 | 8.43% | 10.52% | 7.68% |
| 2007 | 7.87% | 9.20% | 7.83% |
| 2005 | 7.74% | 8.82% | 7.44% |
Rent as a Fraction of Income
Using median household income data for Clarksville, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Clarksville, median monthly gross rent as a fraction of median household income was 20.21% in 2019 according to the ACS.
Clarksville Tennessee Median Annual Rent as a Fraction of Median Household Income
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | 20.03% | -0.47% | -0.40% |
| Tennessee | 19.35% | -0.38% | -0.58% |
| Clarksville, TN | 20.21% | -1.48% | -0.22% |
Trends in Clarksville, TN Rent as a Fraction of Income
The fraction of median Clarksville household income required to pay median monthly gross rent peaked in 2015 (relative to the 2005 series origin) at 22.77%. Since then it has fallen by 2.55% to 20.21%.
Fraction of Income towards Rent: Clarksville TN, Tennessee, US
Historical Data for Annual Rent as a Fraction of Income in Clarksville Tennessee
| Date | US | Tennessee | Clarksville, TN |
|---|---|---|---|
| 2019 | 20.03% | 19.35% | 20.21% |
| 2018 | 20.50% | 19.73% | 21.69% |
| 2017 | 20.13% | 19.47% | 19.91% |
| 2016 | 20.43% | 19.92% | 20.44% |
| 2015 | 20.63% | 19.93% | 22.77% |
| 2014 | 20.89% | 20.83% | 21.70% |
| 2013 | 20.78% | 20.26% | 20.77% |
| 2012 | 20.65% | 20.48% | 21.57% |
| 2011 | 20.70% | 20.58% | 22.50% |
| 2010 | 20.50% | 20.17% | 21.01% |
| 2009 | 20.12% | 19.61% | 20.61% |
| 2007 | 18.66% | 17.96% | 17.10% |
| 2005 | 18.89% | 18.00% | 18.20% |
Renter Fraction in Clarksville Tennessee
You can calculate the renter fraction in Clarksville in at least two ways: by housing units or by population. I've gone with the housing units measure here. This measure looks at the number of renting households in Clarksville as a fraction of total Clarksville households. In 2019 41.16% of households were renters according to Census ACS data.
Clarksville Fraction of Renters by Household Units
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | 35.89% | -0.16% | -0.99% |
| Tennessee | 33.49% | -0.28% | -1.42% |
| Clarksville, TN | 41.16% | -1.55% | -1.26% |
Trends in the Clarksville, TN Renter Fraction
The Clarksville household renter fraction peaked in in 2015 at 43.74% and is now 2.58% below that level. The origin year for the series is 2005.
Fraction of Renting Households: Clarksville TN, Tennessee, US
History of Clarksville Renter Fraction
| Date | US | Tennessee | Clarksville, TN |
|---|---|---|---|
| 2019 | 35.89% | 33.49% | 41.16% |
| 2018 | 36.05% | 33.77% | 42.71% |
| 2017 | 36.13% | 34.57% | 42.09% |
| 2016 | 36.88% | 34.91% | 42.42% |
| 2015 | 36.97% | 34.18% | 43.74% |
| 2014 | 36.90% | 33.86% | 43.17% |
| 2013 | 36.50% | 33.62% | 40.53% |
| 2012 | 36.09% | 33.31% | 40.51% |
| 2011 | 35.42% | 32.72% | 41.11% |
| 2010 | 34.65% | 31.87% | 34.62% |
| 2009 | 34.13% | 30.85% | 36.36% |
| 2007 | 32.80% | 30.06% | 32.76% |
| 2005 | 33.10% | 30.74% | 35.02% |
1. Gross rent is defined as contract rent plus the estimated average monthly cost of utilities (electricity, gas, water, and sewer) and fuel (oil, coal, kerosene, wood, etc.). Because some rentals include utilities and others don't, gross rent is a way of normalizing the variability. ↩
2. Real dollars are calculated using the CPI-U less shelter series. ↩
3. The rental vacancy rate is computed by dividing the number of vacant units for rent by the sum of the renter-occupied units, vacant units that are for rent, and vacant units that have been rented but not yet occupied. ↩
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