Median Home Price
$318,518.17
Median Rent
$1,385.59/mo
Price-to-Rent Ratio
19.2
Property Tax RateTIE
0.71%
Price Change (1Y)BETTER
-0.3%
Price Change (5Y)BETTER
-1.4%
Break-Even YearsTIE
N/A
10-Year Wealth Difference
$175,435
Median Home PriceBETTER
$215,746.14
Median RentBETTER
$1,363.63/mo
Price-to-Rent RatioBETTER
13.2
Property Tax RateTIE
0.71%
Price Change (1Y)
-1.5%
Price Change (5Y)
-7.6%
Break-Even YearsTIE
N/A
10-Year Wealth DifferenceBETTER
$47,776
Key Differences
Home Prices
Clarksville's median home price of $318,518.17 is higher than Memphis's $215,746.14 by 48%.
Monthly Rent
Renting in Clarksville costs $1,385.59/mo compared to $1,363.63/mo in Memphis—a difference of $21.96/mo.
Buy vs Rent Verdict
Both cities currently favor renting.
Break-Even Timeline
Break-even analysis varies based on market conditions in each city.