Department of Numbers

Clarksville Tennessee Residential Rent and Rental Statistics

The median monthly gross residential rent in Clarksville, TN (the Clarksville metro area) was $875 in 2016 according to the Census ACS survey.1 Average gross rent in Clarksville was $881 in 2016. The median rent more accurately depicts rental rates in the middle of the distribution of rents and is thus preferred in the analysis below. 2017 Clarksville median and average rent data will be released in September of 2018.

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 (2016 dollars)2

2016 1 Year Change 3 Year Change
US Median Gross Rent $981 +0.93% +7.80%
Tennessee Median Gross Rent $806 +1.38% +7.18%
Clarksville, TN Median Gross Rent $875 -1.13% +2.70%

Clarksville, TN Real Gross Rent Trends

Median gross rent for Clarksville peaked in real terms in 2015 at $885 and is now $10 (1.13%) lower. Average gross rent for Clarksville peaked in real terms in 2015 at $902 and is now $21 (2.33%) 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
2016 $981 $806 $875 $881
2015 $972 $795 $885 $902
2014 $942 $776 $823 $814
2013 $910 $752 $852 $820
2012 $898 $742 $811 $786
2011 $898 $738 $825 $805
2010 $912 $744 $790 $772
2009 $916 $742 $779 $741
2008 $932 $747 $766 $724
2007 $885 $711 $723 $671
2006 $895 $719 $759 $697
2005 $869 $696 $731 $658

Clarksville Rental Vacancy Rate

The rental vacancy rate is the fraction of homes for rent that are not occupied.3 In 2016 the rental vacancy rate for Clarksville Tennessee was 11.18% according to Census ACS data.

Rental Vacancy Rate in Clarksville Tennessee

2016 1 Year Change 3 Year Change
US 5.89% +0.04% -0.60%
Tennessee 6.68% -0.45% -1.18%
Clarksville, TN 11.18% +0.84% +0.31%

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 3.97% to 11.18%. Data records for this series originated in 2005. From a 2012 post peak low of 7.43%, the rental vacancy rate has increased by 3.75%.

Rental Vacancy Rate: Clarksville TN, Tennessee, US

Rental vacancy rate in Tennessee

Historical Rental Vacancy Rate data for Clarksville

Date US Tennessee Clarksville, TN
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%
2008 7.86% 10.30% 15.15%
2007 7.87% 9.20% 7.83%
2006 7.70% 9.61% 9.33%
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 20.44% in 2016 according to the ACS.

Clarksville Tennessee Median Annual Rent as a Fraction of Median Household Income

2016 1 Year Change 3 Year Change
US 20.43% -0.20% -0.35%
Tennessee 19.92% -0.00% -0.34%
Clarksville, TN 20.44% -2.33% -0.33%

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 2.33% to 20.44%.

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
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%
2008 19.00% 18.16% 18.38%
2007 18.66% 17.96% 17.10%
2006 18.90% 18.25% 18.07%
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 2016 42.42% of households were renters according to Census ACS data.

Clarksville Fraction of Renters by Household Units

2016 1 Year Change 3 Year Change
US 36.88% -0.09% +0.38%
Tennessee 34.91% +0.73% +1.29%
Clarksville, TN 42.42% -1.32% +1.89%

Trends in the Clarksville, TN Renter Fraction

The Clarksville household renter fraction peaked in in 2015 at 43.74% and is now 1.32% 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
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%
2008 33.36% 30.17% 33.11%
2007 32.80% 30.06% 32.76%
2006 32.73% 30.10% 38.11%
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.