Clarksville, TN-KY Federal Housing Finance Agency Home Price Index (FHFA HPI)

The Clarksville, TN-KY, Federal Housing Finance Agency (FHFA) House Price Index (HPI) is a weighted, repeat-sales index measuring average price changes in single-family houses in the metropolitan statistical area (MSA). The index covers the entire spectrum of home prices, from low-end to high-end.

As of December 2020, the HPI for Clarksville was 176.3, up 4.8% from a year earlier. This means that home prices in Clarksville have increased at a faster rate than the national average over the past year. The HPI for Tennessee as a whole was slightly higher than Clarksville's at 178.2.

There are several factors driving the strong housing market in Clarksville. The local economy is doing well, with unemployment remaining low and wages rising. In addition, there has been an influx of people moving to the area from nearby Nashville, which has seen housing costs skyrocket in recent years. This has led to increased demand for homes in Clarksville and surrounding areas.

Investors are also playing a role in pushing up prices as they seek out properties that will appreciate in value over time. With interest rates remaining at historically low levels, many people are taking advantage of low monthly payments to buy investment properties or second homes in Clarksville.

All of these factors are leading to continued increases in home prices in Clarksville. If you're thinking about buying a home in the area, it's important to be aware that prices are likely to continue rising over the next few years.