Real Estate Investing in Clarksville, Tennessee (37040)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 37040 (Clarksville, TN)? Our answer, based on the numbers below.
Mixed signals — some positives, some negatives. Worth considering but not a slam-dunk.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
No major risk flags on the data we track.
What’s happening in Clarksville, TN (37040)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 37040 Clarksville
ZIP 37040 in Clarksville, TN carries a robust set of headwinds. Home values near $308K and rents of $1,336/mo sit inside a market where underwriting has to be tight.
The investment case in 37040 is resilient only for operators who understand what they are buying. A $308K median suggests accessibility, but management intensity, vacancy drift, and capex surprises are real.
The gap between 37040 and stronger Clarksville ZIPs is not closing quickly. Investors should weight long-horizon assumptions accordingly.
Meanwhile, 62,137 residents fill the ZIP, renter turnover runs higher than neighboring postal codes and delinquency risk is a real line item rather than a theoretical one.
New investors are better served looking at Clarksville's stable or hybrid ZIPs before stepping into 37040. The learning curve here is expensive when the lesson is wrong.
Here's what matters if you're considering buying a home in Clarksville:
Property Strategy for 37040
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $207,219 | $1,380 | 4.8% | +10.3% | $103,609 |
| 3BR | $296,993 | $1,920 | 4.7% | +8.4% | $98,998 |
| 4BR | $357,721 | $2,320 | 4.7% | +7.7% | $89,430 |
| 5BR | $403,134 | — | — | +7.5% | $80,627 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 37040 Compare?
| Metric | 37040 | Clarksville | Clarksville, TN-KY | Tennessee |
|---|---|---|---|---|
| Home Value | $308,382 | $335,142 | N/A | $327,001 |
| 5-Year CAGR | 5.0% | 5.1% | N/A | 7.7% |
| Avg Rent | $1,336 | $1,403 | N/A | - |
| Cap Rate | 3.4% | 3.3% | - | - |
Similar ZIPs Within 25 Miles
Compare other nearby markets to see if a neighbor offers a better fit.
Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 37040 (Clarksville, TN). Anonymous, moderated, never written by AI.
Do you own or manage rentals in ZIP 37040 (Clarksville, TN)?
~25 seconds · no account needed · your report is anonymous
📊 Market Snapshot
| Home Value | $308,382 |
| Monthly Rent | $1,336 |
| Price-to-Rent | 19.2:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.2% |
| Cap Rate | 3.4% |
| 5-Year IRR | 8.4% |
📈 Home Appreciation
| 1-Year | +1.4% ▲ |
| 3-Year CAGR | +1.1% ▲ |
| 5-Year CAGR | +5.0% ▲ |
| 10-Year CAGR | +6.5% ▲ |
🏠 Rent Trends
| 1-Year | -2.5% ▼ |
| 3-Year CAGR | +0.8% ▲ |
| 5-Year CAGR | +2.8% ▲ |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (3.4%). Financing reduces your cash-on-cash return below the cap rate. Markets like this may still make sense as IRR plays — factoring in appreciation, depreciation, and a future refinance when rates drop.
Run an IRR Analysis →⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 37040
Population: 62,137
Crime & Safety
Crime & Safety Data Coming Soon
We're integrating comprehensive crime statistics including violent crime rates, property crime, and safety scores to help you make informed investment decisions.
Expected: Q1 2025
🎓 Schools in 37040
Schools in This ZIP Code
About Repit School Scores
Traditional school ratings rely heavily on standardized test scores, which often reflect family income more than school quality. Repit takes a different approach.
We evaluate schools based on factors that research shows actually impact educational outcomes:
- Class Size — Smaller classes mean more individual attention
- School Funding — Resources available for programs, staff, and facilities
- Community Factors — Neighborhood characteristics that influence student success
- School Environment — Size, type, and structure
Scores are updated annually using federal education data.
🎓 Nearby Colleges & Universities
Investor Insight: With 1,491 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
What is the typical vacancy rate in Clarksville, TN?
Rental vacancy in Clarksville, TN is elevated. Investors should budget normal turnover but not chronic empty units.
What is the investability score for Clarksville, TN?
The 3.0/5 investability rating in Clarksville, TN reflects its $308K prices and $1,336/mo rents. Investors generally consider it a solid option within TN.
What type of investing works in Clarksville, TN?
In Clarksville, TN the durable play is typically careful cash-flow rentals with hands-on management. The combination of $308K prices and $1,336/mo rents suits that approach.
Is Clarksville, TN landlord-friendly?
Landlord-friendliness in Clarksville, TN is landlord-friendly. Eviction timelines and lease enforcement are considered reasonable by most property managers.
Are tenants stable in Clarksville, TN?
Expect a solid tenant pool in Clarksville, TN. The rental market absorbs $1,336/mo rents without meaningful friction.
You know 37040 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 37040 compares to every other market. Investor ($19/mo) screens every U.S. ZIP by cap rate, the 1% rule, vacancy and landlord climate, and exports your shortlist.
How 37040 ranks in Clarksville, TN-KY
Every ZIP in this metro, ranked. Free.
AI Market Advisor
Ask questions about investing in 37040 (Clarksville)
Community Ratings
What people who’ve spent time here actually say. Not paid reviews.
Be the first to rate 37040 (Clarksville, TN).
It takes 30 seconds. No signup. Your rating helps everyone who comes here after you.