Real Estate Appreciation for Clarksville, Tennessee, Kentucky: + 20.36%
Appreciation for MSAs:.
Comparing the real estate investment appreciation rates between a MSAs and their state can give you a lot of insight.
The Clarksville, Tennessee, Kentucky MSA appreciated + 20.36% (+ 5.09% yearly) between 1993 and the end of 1996.
The state of TN had + 20.94% total appreciation (+ 5.23% yearly).
The state average for Tennessee was higher than the real estate appreciation in the Clarksville, Tennessee, Kentucky MSA. This means the conditions in the MSA for real estate investment were worse than the state as a whole. The state appreaciated + 2.84% faster than this MSA.
Clarksville-TN-KY
| Year | Quarter | Price Index | Quarter Increase or Decrease | Annualized |
| 1993 | 2 | 91.12 | + 2.94% | + 11.75% |
| 1993 | 3 | 91.69 | + 0.63% | + 2.50% |
| 1993 | 4 | 91.4 | - 0.32% | - 1.27% |
| 1994 | 1 | 92.53 | + 1.24% | + 4.95% |
| 1994 | 2 | 93.74 | + 1.31% | + 5.23% |
| 1994 | 3 | 94.77 | + 1.10% | + 4.40% |
| 1994 | 4 | 97.88 | + 3.28% | + 13.13% |
| 1995 | 1 | 100 | + 2.17% | + 8.66% |
| 1995 | 2 | 97.89 | - 2.11% | - 8.44% |
| 1995 | 3 | 101.05 | + 3.23% | + 12.91% |
| 1995 | 4 | 101.27 | + 0.22% | + 0.87% |
| 1996 | 1 | 102.81 | + 1.52% | + 6.08% |
| 1996 | 2 | 104.61 | + 1.75% | + 7.00% |
| 1996 | 3 | 107.38 | + 2.65% | + 10.59% |
| 1996 | 4 | 106.54 | - 0.78% | - 3.13% |
Buying short sale properties is a real buzz right now in real estate. Short sales are created when a property is on the brink of foreclosure and the bank is willing to take a reduced payoff in order to avoid having to foreclose. If you are considering a short sale property chances are you will have to do some rehab and repair to the property. Its very important to analyze all of the historical appreciation data for the area if you are considering buying a property for investment. You can check our historical appreication data for Clarksville-TN-KY here. If you do decide to move forward with rehabbing a property and need information on a Rehab Loan in Tennessee, you can do some research at Spec-Loan.com.
If you were going to do a Clarksville, Tennessee Refinance, or Clarksville, Tennessee Reverse Mortgages, you could estimate your home value.
If you knew your Clarksville, Tennessee home was worth $89,000.00 in 1993, you could multiply by + 20.36%, add the gain and see the home should be worth $107,117.71 in 1996. Home value is an important part of every mortgage transaction.
Average YEARLY Real Estate Appreciation for Clarksville-TN-KY from 1993 to 1996:
+ 5.09%
Appreciation Comparisons
Here are a some MSAs that didn't do so well, this can give you an idea of a worst case scenario:.
Zip Code in MSA: 37040 - CLARKSVILLE, TN
MSA Pop: 236700Zip Pop: 30951
Avg Value: 78900
County: MONTGOMERY
Elev: 493
Region: South
Lat: 36.53097
Long: -87.349983