Commercial Real Estate Market in Clarksville, IN
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
53 active listings and 841 off-market properties in Clarksville, IN.
Market Trends
Clarksville, IN spans 9.6 square miles in Clark County, Indiana. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Clarksville, IN runs 21.3% across the Midwest region in 2025, up from 13.7% in 2019.
Vacancy Rate % in Midwest region
Retail
Retail vacancy in Clarksville, IN runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Clarksville, IN runs 4.9% across the Midwest region in 2025, up from 4.4% in 2019. Nearly 1.6x the 2022 low of 3.1%.
Vacancy Rate % in Midwest region
Multifamily
Multifamily vacancy in Clarksville, IN runs 8% across the Midwest region in 2025, up from 6.5% in 2022.
Vacancy Rate % in Midwest region
Zoning & Land Use
Land Use Mix share of zoned land by category
- Residential 45.3%
- Open space 14.5%
- Commercial 13.1%
- Industrial 6.9%
- Mixed use 4.3%
- Planned_development 2.8%
- Civic 0.5%
Largest Zones share of zoned land by district
Low Density Single Family Residential
West Riverfront District
Business
Single And Two Family Residential
Open Space
Clarksville, IN zones 6,241 acres across 31 districts. Commercial zoning covers 13.1% of zoned land, residential 45.3%, open space 14.5% and industrial 6.9%. The largest single district is Low Density Single Family Residential at 29.3%. For commercial buyers the practical constraint is that only 20% of land carries a commercial or industrial designation.
Low Density Single Family Residential (R-1)
The following standards apply in R-1, R-2, R-3, RPO, GO, OT, and B-1 zone districts: A. The outdoor storage of equipment, product, supplies, materials, machinery, building materials, waste or scrap, pallets, and similar materials shall not be permitted, unless stated elsewhere in this ordinance. B. Stored Vehicles shall not encroach into a right-of-way or bl…
Market overview
Demographics & Economy
Clarksville, IN has 19,739 residents in 9,382 households. Density runs 2,063 people per square mile. Median household income here is $55,447 and median gross rent $1,027 a month.
19,739
Population
9,382
Households
2.1
Avg Household Size
39
Median Age
17%
College-Educated
83%
High-School Grad
9.6 sq mi
ZIP Area
2,063
Density / Sq Mi
$55,447
Median Household Income
$36,592
Median Earnings
$1,027
Median Rent
$162,600
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Jeff | — | — |
| Ekin | — | — |
| Wheatley | — | — |
| New Albany | — | $15.90 |
Frequently Asked Questions
What zoning applies to commercial property in Clarksville?
Clarksville, IN zones 6,241 acres across 31 districts, of which 13.1% is commercial and 6.9% industrial. The largest single district is Low Density Single Family Residential at 29.3% of zoned land. The following standards apply in R-1, R-2, R-3, RPO, GO, OT, and B-1 zone districts: A. The outdoor storage of equipment, product, supplies, materials, machinery, building materials, waste or scrap, pallets, and similar materials shall not be permitted, unless stated elsewhere in this ordinance. B. Stored Vehicles shall not encroach into a right-of-way or bl… Residential zoning covers 45.3% and open space 14.5%.
Where does Realmo's Clarksville market data come from?
Realmo compiles Clarksville, IN figures from 20 active sale listings, 33 active lease listings, 841 tracked off-market properties, the current Clarksville zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 20 active for-sale and 33 active for-lease listings in Clarksville, IN. These are ASKING figures from live listings, not closed-transaction prices, and a segment carried by a handful of listings reads as indicative rather than an average.
- Vacancy rates
- Published per-sector market series, taken at the metro level where one exists and otherwise at the Census-region level — a chart reading "in <region> region" is a regional number, not this city's.
- Zoning and land use
- The current municipal zoning release: 6,241 zoned acres across 31 districts. Shares are of zoned land, so parcels the release leaves unclassified are excluded from the mix.
- Refresh
- The monthly aggregates close at the end of the previous month, so 31 August 2026 — not today — is the honest last update.
- Known limitations
- office vacancy is reported at Midwest region level, retail vacancy is reported at Midwest region level and industrial vacancy is reported at Midwest region level.
- Coverage
- Metrics below the 10-observation threshold fall back one geographic level. The geography used is named on each figure.
Compiled by the Realmo Data team · reviewed 31 August 2026 · report a data issue
