Department of Numbers

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.

Show dollars as: Nominal Real

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

Lower quartile, median and upper quartile real gross rent

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

more history ...

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

Rental vacancy rate in Tennessee

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%

more history ...

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

Percent of median household income going towards median monthly gross rent in Clarksville Tennessee

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%

more history ...

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

Fraction of renters in Clarksville

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%

more history ...

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.