ZIP 37040
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12-month history
Last updated: October 17, 2026
What the numbers show
February. Asking rents in ZIP 37040 usually run 0.8% below trend in February and 0.8% above it in August, about $21 a month apart at today's median. Based on 11 years of data.
Rent in ZIP 37040 is at its highest level since Zillow's records here began in January 2015.
Rent in ZIP 37040 changed +1.3% over the year to September 2026. Across the 127 Tennessee ZIP codes Zillow tracks, the typical change was +1.8%.
From 2019 to 2024, rent in ZIP 37040 rose 37.5% while median household income rose 24.6% ($54,375 to $67,745). Rent outpaced income.
Rent in ZIP 37040 is 38.2% higher than in March 2020. Across the US, rent is up 37.3% over the same stretch.
Rent has risen 3 months in a row, and rose in 7 of the last 12 months.
30% of the median household income ($67,745) is $1,694 a month. That covers HUD's Fair Market Rent for up to a 2-bedroom ($1,380); a 3-bedroom is $1,920.
1st cheapest of 3 ZIP codes in Clarksville.
From Zillow's monthly rent index (ZORI) for ZIP 37040. The seasonal pattern compares Zillow’s seasonally adjusted and unadjusted series. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.
Who lives here
ZIP 37040 (Clarksville, TN) is majority owner-occupied, skews toward younger working-age adults, 29% of residents hold a bachelor's degree or higher.
Source: U.S. Census Bureau · ACS 2024 5-Year Estimates
How ZIP 37040 in Clarksville, TN has changed in 5 years
Since 2021, the typical rent in ZIP 37040 in Clarksville, TN has increased from $1,057 to $1,303, a 23.3% change over five years. On the earnings side, the typical household in ZIP 37040 in Clarksville, TN now reports about $67,745, up from $58,229 in 2021. That spread, with rent up faster than earnings, points to a tougher affordability environment than five years ago. The population has grown by 11.1% since 2021, moving from about 58,490 residents to roughly 64,977. Renters now make up 42.2% of households, compared with 40.7% five years ago. For context, the 2021 to 2026 window covers an unusually volatile run for US rents nationally, and ZIP 37040 in Clarksville, TN reflects that arc in its own way.
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Tips for renters in ZIP 37040
Last updated: October 17, 2026
ZIP code 37040 covers Clarksville, TN. The median rent here is $1,303/mo as of October 2026. A 1-bedroom rents for a median of $1,120/mo. A 2-bedroom rents for a median of $1,380/mo.
At 23% of local median household income ($67,745/yr), ZIP 37040 ranks as affordable compared to the national benchmark of 30%. Rents have increased 1.3% over the past year.
Frequently asked questions
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How does ZIP 37040 compare to other ZIPs in Tennessee?
How does ZIP 37040 compare to the rest of Clarksville?
At $1,303/mo, rent takes ~23% of ZIP 37040's median household income ($67,745/yr). The standard benchmark is 30%.
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