ZIP Code 37040 — Clarksville, TN Home Prices (2026)

The typical home in ZIP 37040 (Clarksville, Tennessee) is worth about $308,000 at roughly $190 per square foot — about the same as the Clarksville median and 5% more expensive than the typical U.S. home.

$308,000

Typical home value

$190

Price per sq ft

#2 of 3

Clarksville ZIPs by value

+0%

vs Clarksville median

How 37040 compares

ZIP 37040 is a mid-priced ZIP code for Clarksville: its typical home value of $308,000 ranks #2 of the 3 Clarksville ZIP codes we track (the citywide range runs from $295,000 in 37042 to $402,000 in 37043). Per square foot it costs about $190, against $190 for Clarksville as a whole, $211 for Tennessee, and $195 nationally.

Area	Typical value	$ / sq ft
ZIP 37040	$308,000	$190
Clarksville, TN	$308,000	$190
Tennessee	$272,500	$211
United States	$294,000	$195

Home value by size in 37040

Using this ZIP’s rate of about $190 per square foot. Condition, lot, and the exact street move these meaningfully — use the estimator below for a home-specific figure.

Home size	Estimated value
1,000 sq ft	$190,000
1,500 sq ft	$285,000
2,000 sq ft	$380,000
2,500 sq ft	$475,000
3,000 sq ft	$570,000

Salary needed to buy a home in ZIP 37040

To buy the typical $308,000 home in ZIP 37040 with 20% down, you need a household income of roughly $84,000 a year (about $1,960 a month for the mortgage, taxes, and insurance). With 10% down the bar rises to about $100,000, because the loan is bigger and mortgage insurance kicks in.

Down payment	Cash down	Monthly payment	Income needed
5% (+PMI)	$15,400	$2,430/mo	$104,000/yr
10% (+PMI)	$30,800	$2,320/mo	$100,000/yr
20%	$61,600	$1,960/mo	$84,000/yr

Assumes a 30-year fixed mortgage at 6.5%, property tax at 1.1% and insurance at 0.45% of value per year, PMI of 0.75% on loans with less than 20% down, and the standard 28% housing-to-income rule. Your rate, taxes, and HOA will move these — run your own numbers in the mortgage calculator.

What your budget buys in ZIP 37040

At about $190 per square foot, here is roughly how much home different budgets get you in ZIP 37040:

Budget	Approx. size	What that looks like locally
$150k	790 sq ft	below the local median — condos, smaller or older homes
$200k	1050 sq ft	below the local median — condos, smaller or older homes
$250k	1320 sq ft	around the typical home here
$300k	1580 sq ft	around the typical home here
$400k	2110 sq ft	around the typical home here

Wondering where that budget goes further? The relocation calculator ranks hundreds of U.S. cities by what the same money buys — it opens pre-filled with a typical 37040 home.

Estimate a specific home in 37040

The estimator below is pre-set to ZIP 37040 — pick your home’s size for an instant ballpark, then open the full calculator to adjust beds, baths, and condition.

All Clarksville ZIP codes by home value

Where 37040 sits among Clarksville’s 3 ZIP codes:

#	ZIP code	Typical value	$ / sq ft
1	37043	$402,000	$197
2	37040 (this page)	$308,000	$190
3	37042	$295,000	$186

ZIP 37040 home prices: frequently asked

What is the average home price in ZIP code 37040? +

The typical home in ZIP 37040 (Clarksville, TN) is worth about $308,000 as of 2026. That is about the same as the Clarksville median of $308,000 and 5% more expensive than the U.S. median of $294,000.

What is the price per square foot in 37040? +

About $190 per square foot in 37040, versus $190 across Clarksville and $211 across Tennessee. At that rate a 1,500 sq ft home runs roughly $285,000 and a 2,500 sq ft home about $475,000.

What salary do you need to buy a house in ZIP 37040? +

For the typical $308,000 home in ZIP 37040, a household income of about $84,000 a year covers the payment with 20% down (a 30-year fixed at 6.5%, plus taxes and insurance, under the 28% rule). With 10% down you need roughly $100,000; with 5% down about $104,000.

Is 37040 an expensive ZIP code? +

Within Clarksville, 37040 ranks #2 of 3 ZIP codes by typical home value, which makes it a mid-priced ZIP code for Clarksville. Nationally it is about average.

See the full Clarksville home values page, all Tennessee cities, or price per square foot by ZIP code nationwide.

Directional estimates from public market data (Realtor.com & Zillow research), not appraisals. A single ZIP contains very different homes; actual values vary and change over time.