CALCMONEY // HOME AFFORDABILITY // TN // CLARKSVILLE
How much house can you afford in Clarksville? Based on local median home prices, current TN mortgage rates, and Clarksville property tax data.
$285,000
$1,806/mo
$77,383/yr
$208,017
Monthly housing costs of $1,806 represent 36.1% of Clarksville's median gross monthly income ($5,000/mo). At 36.1%, median-income buyers in Clarksville are significantly stretched — well above the 28% guideline. A larger down payment or higher income is required.
| Median Home Price | $285,000 |
| Down Payment (20%) | $57,000 |
| Loan Amount | $228,000 |
| Monthly PI Payment | $1,502 |
| Monthly Property Tax | $185 |
| Monthly Insurance Est. | $119 |
| Total Monthly PITI | $1,806 |
| Housing Cost % of Income | 36.1% |
| Required Income (28% rule) | $77,383/yr |
| Max Affordable Home | $208,017 |
$9,975
$2,310/mo
Clarksville Home Affordability Quick Reference 2026
| Metric | Value | Notes |
|---|---|---|
| Median Home Price | $285,000 | Clarksville city median |
| Down Payment (20%) | $57,000 | Conventional loan |
| Monthly PITI | $1,806 | 6.9% rate, 30yr fixed |
| Required Income (28% rule) | $77,383 | Annual gross |
| Max Affordable Home | $208,017 | Based on median income |
| FHA Down (3.5%) | $9,975 | Minimum FHA |
| Housing Cost % of Income | 36.1% | Median income: $60,000/yr |
| Property Tax Rate | 0.78% | $2,223/yr on median home |
Monthly PITI includes principal, interest, property tax, and homeowners insurance. Estimates only.
The median home price in Clarksville is $285,000, with a local 30-year mortgage rate of 6.9%. A buyer putting 20% down carries a loan of $228,000, generating a monthly P&I payment of $1,502. Adding property taxes ($185/mo) and homeowners insurance ($119/mo) brings total monthly PITI to $1,806.
Clarksville's property tax rate of 0.78% is among the lower rates in the country, which improves overall affordability by keeping total PITI closer to the principal and interest payment alone. On the Clarksville median home, that is $185/month, or $2,223 per year.
Tennessee has no state income tax, improving effective take-home pay for Clarksville residents and giving buyers additional capacity relative to equally-priced homes in high-tax states.
Using the 28% rule, a household earning Clarksville's median income of $60,000/year can afford up to $1,400/month in total housing costs. Based on Clarksville's mortgage rate of 6.9% and property tax rate of 0.78%, that translates to a maximum affordable home price of approximately $208,017 with 20% down on a 30-year loan.
To afford the median Clarksville home priced at $285,000, you need an annual gross income of approximately $77,383. Total monthly housing costs (principal and interest of $1,502, property taxes of $185, and insurance of $119) come to $1,806/month, which equals 28% of the required income.
At the median home price of $285,000 and median household income of $60,000, the total monthly housing cost of $1,806 represents 36.1% of gross monthly income. This is well above the standard 28% threshold, making Clarksville a challenging market for buyers at median income.
A conventional 20% down payment on the median Clarksville home of $285,000 is $57,000. An FHA loan requires just 3.5% down — $9,975 — but adds mortgage insurance of roughly $195/month, bringing total FHA payments to $2,310/month.
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