Markets 
A suburb near Nashville, Tennessee, is in the midst of a boom amid an influx of higher-paying tech and trade jobs.
A report by Realtor.com found that Clarksville, located about 45 minutes outside of Nashville, is drawing in residents in part because of several manufacturing firms setting up shop in the area and lower housing prices.
The median listing price for a house in Clarksville is $357,950, whereas the median list price in Nashville is $527,225 – which represents a potential savings of about 32.1%.
Housing demand is expected to remain strong in the area. Realtor’s report noted that T.RAD, an auto parts manufacturer headquartered in Japan, opted to build a new plant in the area while Korea Zinc is expanding its footprint there as well.
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T.RAD’s Clarksville manufacturing facility is the first location in Tennessee for the company’s North American division. It plans to invest $90.2 million in a manufacturing facility that’s projected to create 928 jobs in the next few years.
Korea Zinc currently has about 300 existing jobs in the area and is also expanding with at least 420 direct positions, while also supporting additional jobs through suppliers and other economic activity.
Workers filling the new roles are expected to earn income in a range between $86,000 and nearly $200,000 a year, according to the report.
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The U.S. Army’s Fort Campbell is also one of the top employers in the area, which is also home to Austin Peay State University.
“Bringing more jobs to a smaller area can be great for the local housing market, if inventory is able to keep up with demand,” said Hannah Jones, senior economic research analyst at Realtor.com.
“The data suggests that a pickup in demand resulted in significant home price growth over the last six years. However, prices have leveled out in the last year and time on market has grown, suggesting the market is rebalancing,” Jones added.
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Clarksville is the fifth-largest city in Tennessee in terms of population, and has seen an uptick in new home construction in the last few years.
“In terms of single-family home sales, in 2025 about 85% were existing homes, roughly on par with the pre-pandemic norm,” Jones said.
“Nevertheless, the new construction share of sales grew almost 6 percentage points in 2025 compared to 2024, suggesting that more buyers are opting for new construction compared to the last three years, though the share is below the pandemic era norm,” she added.
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