Department of Numbers

This section of Department of Numbers is no longer being updated and may be removed in the future. The data here is out of date and should no longer be used.

Clarksville, Tennessee Home Affordability

The data below measures home affordability for the Clarksville, Tennessee metropolitan area using price-to-income and price-to-rent metrics.1 The maximum affordable loan amount for the median household income is also calculated. You can also compare Clarksville home affordability to other cities.

Clarksville, Tennessee Home Price-to-Income Ratios

The second chart shows a history of the ratio as an index calculated from the Federal Housing Finance Agency's Clarksville HPI series. Median household income data for Clarksville is from the Census American Community Survey.

Price-to-Income Index Ratio: FHFA

Note: Index set to 100 in Q1 of 2000

Clarksville, Tennessee Home Price-to-Income Ratio History

Date FHFA (Index Ratio)
December 2013 117.1
September 2013 118.0
June 2013 116.3
March 2013 116.0
December 2012 117.1
September 2012 117.6
June 2012 116.7
March 2012 117.5

Clarksville, Tennessee Home Price-to-Rent Ratios

The chart below shows an index of the rent ratio calculated from the metro FHFA HPI series and the Clarksville median contract rent data from the Census ACS.

Price-to-Rent Index Ratio: FHFA

Note: Index set to 100 in Q1 of 2000

Clarksville, Tennessee Home Price-to-Rent Ratio History

Date FHFA (Index Ratio)
December 2013 95.7
September 2013 96.5
June 2013 95.1
March 2013 94.8
December 2012 95.7
September 2012 96.1
June 2012 95.4
March 2012 96.1

Clarksville, Tennessee Inferred Affordable Mortgage

The inferred affordable mortgage value is determined by taking the median household income for Clarksville, Tennessee and calculating the mortgage 30% of that income could afford. Traditionally, 30% of income is the maximum amount a homeowner could use towards a home loan. Inferred affordable loan values are calculated from ACS median household income and average monthly mortgage rates.

Inferred Affordable Mortgage

Clarksville, Tennessee Inferred Affordable Mortgage History

Date Inferred Mortgage
February 2014 $224,260
January 2014 $220,840
December 2013 $220,062
November 2013 $225,328
October 2013 $227,216
September 2013 $219,288
August 2013 $220,062
July 2013 $222,409
June 2013 $230,507
May 2013 $245,922
April 2013 $248,690
March 2013 $245,009
February 2013 $246,227

1. Specifically, home prices are from the non seasonally adjusted FHFA all-transactions quarterly series. Dollar ratios are calculated using NAR metro prices when available. Rent and income data are from the Census ACS and are carried forward into the following year prior to release of the new data.