Rent, population, and median household income are important factors to consider for a 1031 exchange in Clarksville due to their correlations with market demand, and conversely, vacancy rate.
Surrounding metropolitan Area
Clarksville, Tennessee is a part of the Clarksville, TN-KY metropolitan area, and contains 5 zip codes: 37043, 37044, 37042, 37041, and 37040.
Clarksville Demographics & Economic Trends
The 2019 average effective rent for Class A, B, and C apartments in the Clarksville, TN metropolitan area was $822, which is 10.48% lower than 2014 average rent. This represents a compounded annual growth rate of 2.01%. 2019 vacancy in Clarksville, TN was 4.70%.
The total population of the city of Clarksville, TN has grown 17.95% since 2010. As of 2018, the population was 156,794. The median household income of the Clarksville was $53,007, which is 12.08% lower than the national average.
- metropolitan area Clarksville, TN-KY
- avg rent $822
- rent growth 10.48%
- vacancy 4.70%
- median income $53,007
- population (2018) 156,794
- population growth 17.95%
- vs. nat'l avg 12.08%
- zip codes 37040 37041 37042 37043 37044