Real Estate Investing in Clarksville, Tennessee (37042)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 37042 (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.
- Elevated vacancy: 8.9% vacancy may signal weakening demand.
What’s happening in Clarksville, TN (37042)?
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Market Analysis: 37042 Clarksville
ZIP 37042 in Clarksville, TN carries a healthy set of headwinds. Home values near $295K and rents of $1,385/mo sit inside a market where underwriting has to be tight.
The investment case in 37042 is resilient only for operators who understand what they are buying. A $295K median suggests accessibility, but management intensity, vacancy drift, and capex surprises are real.
Regionally, 37042 sits on the difficult end of the TN spectrum. The a solid fit for read — for disciplined operators — is that pricing reflects the difficulty.
Looking more closely, 85,169 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.
Experienced landlords with local relationships tend to find 37042 workable. Turnkey investors from out of state usually find the numbers do not hold up in practice.
Here's what matters if you're considering buying a home in Clarksville:
Property Strategy for 37042
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $200,198 | $1,400 | 5.0% | +8.6% | $100,099 |
| 3BR | $276,919 | $1,950 | 5.1% | +9.2% | $92,306 |
| 4BR | $347,846 | $2,350 | 4.9% | +8.0% | $86,962 |
| 5BR | $393,577 | — | — | +7.6% | $78,715 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 37042 Compare?
| Metric | 37042 | Clarksville | Clarksville, TN-KY | Tennessee |
|---|---|---|---|---|
| Home Value | $294,735 | $335,142 | N/A | $327,001 |
| 5-Year CAGR | 5.5% | 5.1% | N/A | 7.7% |
| Avg Rent | $1,385 | $1,403 | N/A | - |
| Cap Rate | 3.7% | 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 37042 (Clarksville, TN). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $294,735 |
| Monthly Rent | $1,385 |
| Price-to-Rent | 17.7:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.6% |
| Cap Rate | 3.7% |
| 5-Year IRR | 9.1% |
📈 Home Appreciation
| 1-Year | +0.4% ▲ |
| 3-Year CAGR | +1.0% ▲ |
| 5-Year CAGR | +5.5% ▲ |
| 10-Year CAGR | +6.8% ▲ |
🏠 Rent Trends
| 1-Year | -1.3% ▼ |
| 3-Year CAGR | +1.0% ▲ |
| 5-Year CAGR | +3.1% ▲ |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (3.7%). 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 37042
Population: 85,169
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 37042
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
Do landlords face vacancy issues in Clarksville, TN?
Rental vacancy in Clarksville, TN is elevated. Investors should budget normal turnover but not chronic empty units.
Is the tenant base reliable in Clarksville, TN?
Tenant demand in Clarksville, TN is solid. The local workforce $1,385/mo rents across most rental classes.
What type of investing works in Clarksville, TN?
Investors usually favor careful cash-flow rentals with hands-on management in Clarksville, TN. With home values at $295K and rents near $1,385/mo, other strategies can work but produce even-keeled rather than outsized returns.
How do home values compare in Clarksville, TN?
Homes in Clarksville, TN typically sell near $295K. Prices have moved at a 0.0% 5-year CAGR, which measured long-term demand.
How much rent can I charge in Clarksville, TN?
Rents in Clarksville, TN run near $1,385/mo. Compared with median home prices of $295K that produces solid gross yields for typical rentals.
You know 37042 now. You don’t know where it ranks.
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How 37042 ranks in Clarksville, TN-KY
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