Real Estate Investing in Clarksville, Indiana (47129)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 47129 (Clarksville, IN)? Our answer, based on the numbers below.
Solid choice — values are growing steadily and the market is stable enough to buy with confidence.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- Elevated vacancy: 9.2% vacancy may signal weakening demand.
What’s happening in Clarksville, IN (47129)?
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Market Analysis: 47129 Clarksville
This part of Clark County is not an easy win. The 47129 ZIP shows softness in key indicators, and the playbook that works in cleaner markets often stalls here.
Put differently, the numbers look inviting — $210K purchase price, 0.0% nominal cap — the work to hit that pro forma in 47129 is substantial and deserves full respect.
Stepping back, 47129 offers a low basis, the region around Clarksville has moved on in ways that the ZIP itself has not fully absorbed. The result is a discount with genuine reasons.
The 47129 ZIP's population of 19,611 has faced economic pressure over the last decade. That pressure shows up in rent delinquency patterns that comes in at the need for careful underwriting.
Strategy in 47129 is an operator game, not a passive one. In practical terms, entry prices of $210K are inviting, the management lift is real and non-optional.
Here's what matters if you're considering buying a home in Clarksville:
Property Strategy for 47129
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $165,422 | $1,180 | 5.1% | +8.1% | $82,711 |
| 3BR | $203,774 | $1,510 | 5.3% | +7.6% | $67,925 |
| 4BR | $236,415 | $1,750 | 5.3% | +7.2% | $59,104 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 47129 Compare?
| Metric | 47129 | Clarksville | Indiana |
|---|---|---|---|
| Home Value | $210,392 | $210,392 | $248,442 |
| 5-Year CAGR | 6.2% | 6.2% | 7.7% |
| Avg Rent | $1,217 | $1,217 | - |
| Cap Rate | 4.5% | 4.5% | - |
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 47129 (Clarksville, IN). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $210,392 |
| Monthly Rent | $1,217 |
| Price-to-Rent | 14.4:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 6.9% |
| Cap Rate | 4.5% |
| 5-Year IRR | 10.7% |
📈 Home Appreciation
| 1-Year | +7.3% ▲ |
| 3-Year CAGR | +5.8% ▲ |
| 5-Year CAGR | +6.2% ▲ |
| 10-Year CAGR | +8.8% ▲ |
🏠 Rent Trends
| 1-Year | +9.5% ▲ |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (4.5%). 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 47129
Population: 19,611
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 47129
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 8,434 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
How does Clarksville, IN rate as a rental market?
Clarksville, IN rates 3.0/5 for investability. With median values at $210K and rents near $1,217/mo, the market offers reasonable fundamentals for rental investors.
What do landlords charge for rent in Clarksville, IN?
Expect rents around $1,217/mo per month in Clarksville, IN. With home values at $210K, the yield math works out to reasonable levels for rental investors.
Where do home prices stand in Clarksville, IN?
Clarksville, IN median home values land near $210K. That is reasonable territory for investors looking at $1,217/mo-per-month rentals.
Are eviction rules reasonable in Clarksville, IN?
For rental operators, Clarksville, IN rates as landlord-friendly. The regulatory environment standard buy-and-hold operations.
What type of investing works in Clarksville, IN?
Investors usually favor careful cash-flow rentals with hands-on management in Clarksville, IN. With home values at $210K and rents near $1,217/mo, other strategies can work but produce predictable rather than outsized returns.
You know 47129 now. You don’t know where it ranks.
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How 47129 ranks in Louisville/Jefferson County, KY-IN
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