Circle Squared Various Investments founder Jeff Sica joins Varney & Co. to elucidate the impact of excessive oil and gasoline costs on the housing market.
A suburb close to Nashville, Tennessee, is within the midst of a increase amid an inflow of higher-paying tech and commerce jobs.
A report by Realtor.com discovered that Clarksville, positioned about 45 minutes outdoors of Nashville, is drawing in residents partially due to a number of manufacturing corporations organising store within the space and decrease housing costs.
The median itemizing value for a home in Clarksville is $357,950, whereas the median record value in Nashville is $527,225 – which represents a possible financial savings of about 32.1%.
Housing demand is predicted to stay sturdy within the space. Realtor’s report famous that T.RAD, an auto elements producer headquartered in Japan, opted to construct a brand new plant within the space whereas Korea Zinc is increasing its footprint there as properly.
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Clarksville is a metropolis in Montgomery County, Tennessee. (iStock)
T.RAD’s Clarksville manufacturing facility is the primary location in Tennessee for the corporate’s North American division. It plans to speculate $90.2 million in a producing facility that is projected to create 928 jobs within the subsequent few years.
Korea Zinc at the moment has about 300 current jobs within the space and can be increasing with at the least 420 direct positions, whereas additionally supporting further jobs by suppliers and different financial exercise.
Employees filling the brand new roles are anticipated to earn revenue in a spread between $86,000 and practically $200,000 a yr, in accordance with the report.
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The U.S. army is a number one employer within the space close to Clarksville due to its proximity to Fort Campbell. (Luke Sharrett/Getty Photographs)
The U.S. Military’s Fort Campbell can be one of many prime employers within the space, which can be dwelling to Austin Peay State College.
“Bringing extra jobs to a smaller space may be nice for the native housing market, if stock is ready to sustain with demand,” mentioned Hannah Jones, senior financial analysis analyst at Realtor.com.
“The info suggests {that a} pickup in demand resulted in vital dwelling value development over the past six years. Nonetheless, costs have leveled out within the final yr and time on market has grown, suggesting the market is rebalancing,” Jones added.
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Clarksville is a suburb of Nashville, Tennessee. (Carol M. Highsmith/Buyenlarge/Getty Photographs)
Clarksville is the fifth-largest metropolis in Tennessee when it comes to inhabitants, and has seen an uptick in new dwelling development in the previous couple of years.
“When it comes to single-family dwelling gross sales, in 2025 about 85% have been current properties, roughly on par with the pre-pandemic norm,” Jones mentioned.
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“Nonetheless, the brand new development share of gross sales grew virtually 6 proportion factors in 2025 in comparison with 2024, suggesting that extra patrons are choosing new development in comparison with the final three years, although the share is beneath the pandemic period norm,” she added.
