37040 — Clarksville, TN Home Values
Typical home value $305,953 as of August 2026 · 7th of 26 in Clarksville, TN-KY
Blue: typical home value (Zillow ZHVI) in ZIP code 37040, August 2021 to August 2026. This page shows observed data only; no forecast.
How 37040 compares in the Clarksville, TN-KY area
ZIP code 37040 (Clarksville, TN) has a typical home value of $305,953 as of August 2026, ranking 7th of 26 ZIP codes tracked in the Clarksville, TN-KY area, more expensive than about 77% of ZIP codes in the metro. Prices here have moved +0.5% over the trailing 12 months. Over the past five years, the typical value in this ZIP code has changed +23.9%, from $246,898 in August 2021 to $305,953 in August 2026. Against observed rent, the typical home here sells for 19.2× the annual rent ($1,329/mo), a common way to gauge whether buying looks cheap relative to renting in this ZIP code.
Every figure above is observed Zillow data. Sialim's forecasting engine works at the metro level; see the Clarksville, TN-KY forecast for a modeled outlook, or browse the full ranked list of ZIP codes in Clarksville.
Population and demographics
ZIP code 37040 has a population of 62,137, per the Census Bureau's American Community Survey 5-year estimate. By race and ethnicity: 55.9% White, 26.5% Black or African American, 8.9% Hispanic or Latino, 5.1% two or more races, 2.5% Asian, 0.5% another race, 0.4% American Indian or Alaska Native, and 0.1% Native Hawaiian or Pacific Islander.
Nearby public schools
| School | Address | Distance |
|---|---|---|
| Moore Magnet Elementary | 1350 Madison ST, Clarksville, TN | 0.6 mi |
| CMCSS Adult High School | 430 Greenwood AVE, Clarksville, TN | 1.1 mi |
| Norman Smith Elementary | 740 Greenwood AVE, Clarksville, TN | 1.1 mi |
Distance is straight-line from the ZIP code's center; driving distance will be longer. School attendance is set by district boundaries, not proximity. Confirm which school a specific address is zoned for with the local school district. Source: National Center for Education Statistics.
Frequently asked questions
What is the typical home value in ZIP code 37040?
$305,953 as of August 2026, the latest month Zillow has published observed data for.
Is 37040 an expensive ZIP code in the Clarksville, TN-KY area?
37040 ranks 7th of 26 ZIP codes in the Clarksville, TN-KY area by typical home value, more expensive than about 77% of ZIP codes in the metro.
How much have home values in 37040 changed over the past year?
+0.5% over the trailing 12 months, from observed Zillow data.
Is it cheaper to buy or rent in ZIP code 37040?
The typical home price is 19.2× the observed annual rent in this ZIP code ($1,329/mo). Lower multiples favor buying over renting, all else equal.
What is the population of ZIP code 37040?
62,137, per the US Census Bureau's American Community Survey 5-year estimate.
What are the closest public schools to ZIP code 37040?
Moore Magnet Elementary (0.6 mi), CMCSS Adult High School (1.1 mi), Norman Smith Elementary (1.1 mi), by straight-line distance from the ZIP code's center. School attendance is set by district boundaries, not proximity. Confirm assignment with the local school district.
Is this page showing a forecast for 37040?
No. Every number on this page is observed Zillow data as of August 2026, not a forecast. Sialim's forecasting engine runs at the metro level; see the Clarksville, TN-KY forecast for a modeled outlook.
ZIP-level values shown here are observed Zillow data, not forecasts. Sialim's forecasting engine works at the metro level today; ZIP-level forecasts are planned for Sialim Pro. Data © Zillow, via Zillow Research.