Clarksville, TN-KY · Tennessee
Montgomery County
227,957 residents2,501 permits TTM$72,365 median HHI8 ZIP codesUpdated April 28, 2026
Investor first look
Median home value
$248,300
ACS 5-Year
Cap rate proxy
5.9%
FMR × 0.65 ÷ Home Value
Rent-to-income
20.2%
HUD FMR ÷ ACS HHI
Net migration
+3.44%
IRS SOI
Permits (TTM)
2,501
Census BPS
Climate risk
87.4
FEMA NRI (0–100)
ZIP code breakdown8 ZIP codes
| ZIP | Median home value | Rent (FMR 2BR) | Gross yield | Cap rate | Rent gap |
|---|---|---|---|---|---|
| 42223 | — | — | — | 5.9% | 9.4% |
| 37042 | — | — | — | 5.7% | -3.1% |
| 37191 | — | — | — | 4.7% | 9.4% |
| 37040 | — | — | — | 5.3% | -0.7% |
| 37142 | — | — | — | 4.1% | 9.4% |
Ranked by composite score
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Demographics
Owner-occupied
62.9%
Census ACS
Vacancy rate
6.5%
Census ACS
Bachelor's degree +
31.7%
Census ACS
Rent burdened
42.4%
Census ACS (>30% income)
Median age
31.7
Census ACS
U.S. Census Bureau — American Community Survey 5-Year Estimates
U.S. Census Bureau — Building Permits Survey
U.S. Department of Housing and Urban Development — Fair Market Rents / Small Area Fair Market Rents (SAFMR)
Internal Revenue Service — Statistics of Income Migration Data
FEMA — National Risk Index
Last updated: April 28, 2026