Clarksdale Home Values

A small town family lifestyle… at exceptionally affordable prices!

In addition to a captivating low cost of daily living, perhaps the most compelling Clarksdale attraction is the value of its homes.  Here, one can find splendid housing opportunities at surprisingly low cost.

Clarksdale homes are generally large in size at unexpectedly low square foot cost.  Some homes for sale are sizeable luxurious properties in a tranquil country club setting.  Others can be found with large yards in quiet, verdant shade tree neighborhoods. From time to time one may also find a historic southern home in Clarksdale’s historic district as well.

Primary Home Opportunities

There is generally a wide array of home choices in Clarksdale.  Becoming a member of our arts & culture community is ideal for retirees and creative people who may still be working.  In addition to affordability, a particularly attractive Clarksdale feature for creatives, Clarksdale also offers lightning-fast broadband.  Additionally, Clarksdale has in-town shopping for daily essentials, and upscale shopping just a little more than an hour away with stores such as Costco, Whole Foods, The Fresh Market, Trader Joe’s, and many more.

2nd Home & Investment Opportunities

As Clarksdale has become widely known as an arts & culture community in the birthplace of the blues and rock ‘n’ roll, many people from across the country have made second-home investments here.  These are mostly enthusiastic patrons of Clarksdale’s art & culture… who much enjoy periodically getting away from it all in an authentic, relaxing setting.  Many of these people come to their 2nd homes during key Clarksdale festivals, some of which attract people from across the country, and all over the world.

Because Clarksdale rental demand is high, some make home investments here because the rental rates can be higher than the monthly mortgage.

A Buyer’s Market

Clarksdale is a buyer’s market; housing demand here is less than supply.  As such, there are the usual and customary advantages to home buyers that usually come with this market trend.  Some of the key characteristics of a buyer’s market are:  (1)  homes can be on the market for an extended time, regardless of affordability and/or attractive condition, (2) home buyers have a price negotiation advantage, (3) home sellers may be eager, and (4) homes may sell under listing price, sometimes significantly so.

Here’s a snapshot example some Clarksdale homes and their value ranges.  Consider this as a normal array of home choices and values at any given time.

Homes above $400 K

In most urban centers and their surrounding residential areas, it is rare to find quality homes listed below $300,000 to $400,000.  Though there are Clarksdale homes that have been listed and sold well above $400,000 to be sure, that is rare, rather than the rule.  Usually there are very few homes on the market above $300,000.

Overview:  This is an example of a home in Clarksdale in the $300,000 plus value range.  It is near the Clarksdale Country Club and golf course; and its almost 7,000 sq. ft. in size.  It features a landscaped pool with a shaded portico that fronts the golf course.  At $70 per sq ft, this is an example of a home that offers an exceptionally high standard of living at a remarkably low cost.

Home(s) reviewed in the $300K plus range:  1
Value:  Under $500,000
Size:  6,992 sq. ft.
Sq. Ft. value:  $70

Homes between $200 – $300 K

Overview:  Four Clarksdale homes in the $200,000 and $300,000 value range were reviewed.  Their size and sq. ft. values are exceptional compared to much of the rest of the country, especially considering if one finds great value in the pace and charm of a small town, and one that is centrally located and uniquely rich in art and culture.

Homes reviewed in $200K – $300K range: 4
Avg. value:  $265,000
Avg. size:  2,809 sq. ft.
Sq. Ft. value:  $97

Homes between $150 – $200 K

Overview:  One Clarksdale home was reviewed in this value range. It is a large home with a backyard pool.  Where sq. ft. values of $3oo plus for residential housing are rather common across the country, a home value range of $44 per sq. ft. is remarkable.

Home(s) reviewed in the $150K – $200K range: 1
Value:  under $200,000
Size:  3,959 sq. ft.
Sq. Ft. value:  $44

Homes between $100 – $150 K

Overview:  Three Clarksdale homes were reviewed in this value range.  Again, home values here are particularly attractive compared to many housing markets across the country, and the quality of homes within this market entry segment in Clarksdale is outstanding.  Of the homes reviewed in this value range, Sq. ft. values are around $35.

Home(s) reviewed in the $100K – $150K range: 3
Avg. value:  $110,000
Avg. size:  2,793 sq. ft.
Avg. Sq. Ft. value:  $36

Homes between $50 – $100 K

Overview:  Nine Clarksdale homes were viewed in this value range.  Usually, there are many homes available in this range, which offers surprising quality and atypical sq. ft. size at unexpected low cost.

Home(s) reviewed in the $50K – $100K range: 9
Avg. value:  $69,056
Avg. size:  1,674 sq. ft.
Avg. Sq. Ft. value:  $42

 

Homes under $50K

Overview:  Five Clarksdale homes under a value of $50,000  were reviewed.  Homes in this range usually come with a mortgage that is lower than current Clarksdale monthly rental rates, making home purchases in this segment investments to consider.  The sq. ft. size at such low prices is both startling and attractive, and the respective low sq. ft. value is unprecedented.

Home(s) reviewed under $50K range: 5
Avg. value:  $32,880
Avg. size:  1,553 sq. ft.
Avg. Sq. Ft. value:  $22