Compare Clarksville, TN mortgage rates and fees from top lenders. Review free, personalized mortgage rates based on your specifc loan amount, program and other factors. Easily compare APRs, closing costs and monthly payments to find the lowest mortgage rates in Clarksville.
We recommend that you contact at least five lenders as shopping multiple lenders is the best way to save money on your mortgage in Clarksville. Plus, shopping lenders is free and there is no obligation.
September 25, 2022
Below we provide helpful information on the real estate market, home prices and housing affordability in Clarksville. Understand how much you need to earn to afford a home in Clarksville, including the mortgage you need to qualify for. Review the monthy payment so you can determine if owning a house in Clarksville fits your budget. This information is based on proprietary analysis you can only find on FREEandCLEAR and we offer it to help you decide if living in Clarksville is right for you.
The median home value for Clarksville, TN (Montgomery County) is $225,932
Based on current mortgage rates and a 10% down payment, you need to make $37,018 per year to buy the median priced home in Clarksville
With this income, you could qualify for a $203,339 mortgage, assuming your monthly debt expense is reasonable
Based on this loan amount, the monthly mortgage payment required to buy the median priced home in Clarksville is $857
The median household income for Clarksville, TN (Montgomery County) is $61,554
Based on this income, you can afford a home valued at approximately $375,679
The home price you can afford to buy based on household income in Clarksville is 166% of the median home value which means housing prices are average. Clarksville (Montgomery County) ranks 65 out of 95 counties in Tennessee and 2,371 out of 3,142 counties in the United States for housing affordability.
According to the FREEandCLEAR Housing Affordability Index, the housing market in Clarksville, TN is average
Mortgage limits affect your loan terms, mortgage program eligibility and what price home you can afford. Review the loan limits for Clarksville (Montgomery County) below.
Conforming loan limits for Clarksville, TN
FHA loan limits for Clarksville, TN