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Clarksville, TN mortgage & affordability calculator

The typical home in Clarksville, TN is worth about $290,000. With 20% down that's a loan near $232,000 — the calculator is pre-filled with that figure. Fort Campbell, home to the 101st Airborne Division, straddles the Tennessee-Kentucky line just north of Clarksville and drives a housing market that moves with military deployment and PCS cycles as much as the broader economy. Tennessee's lack of a state income tax and low property tax rate apply here as in the rest of the state.

$1,506.29 / month

Total interest
$310,264
Total paid
$542,264
Payoff
30.0 years
Balance over YearBalance ends near $0 at 30.$0$58k$116k$174k$232k0612182430Year

How much you need to earn

Clarksville, TN's median household income is about $62,000 a year. Under standard 28/36 lending rules that supports a home price around $229,091 with 20% down — below the $290,000 typical price, so many buyers need a larger down payment, a co-borrower, or a longer commute.

$229,080 max home price

Max loan amount
$171,080
Housing payment budget
$1,447
P&I budget
$1,111
Bound by
front-end ratio

Uses the 28% front-end / 36% back-end DTI guidelines. Lenders vary.

Typical asking rent in Clarksville, TN is about $1,300 a month, so owning the median home costs roughly $542 more per month before tax effects, maintenance, and any change in home value.

Frequently asked questions

What is a typical mortgage payment in Clarksville, TN?
On the metro's roughly $290,000 typical home with 20% down, the loan is about $232,000. Principal and interest run near $1,506 a month at today's rate, and Clarksville, TN's property tax plus insurance add about $336, for a full payment near $1,842.
Can I afford a home in Clarksville, TN on the median income?
The median household income is about $62,000 a year. Under standard 28/36 lending rules that supports a home price around $229,091 with 20% down — below the $290,000 typical price, so buyers often need a larger down payment or a co-borrower.
Is it cheaper to rent or buy in Clarksville, TN?
Typical asking rent is about $1,300 a month. The full owner payment on a median home is near $1,842, so owning costs roughly $542 more per month before tax effects, maintenance, and any appreciation.
How much are property taxes in Clarksville, TN?
The effective property tax rate in the core county is about 0.70% of market value — roughly $2,030 a year on the typical home. Your exact rate depends on the municipality and any exemptions.
Are home prices in Clarksville, TN rising or falling?
Home values are up about 4% over the past year. Fort Campbell, home to the 101st Airborne Division, straddles the Tennessee-Kentucky line just north of Clarksville and drives a housing market that moves with military deployment and PCS cycles as much as the broader economy. Tennessee's lack of a state income tax and low property tax rate apply here as in the rest of the state.

Nearby metros

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