![]() That has since dropped, but not by much.ģ. In October, the median home price in Montgomery County peaked at around $325,000. Rapid population growth combined with a lack of available housing had a big impact on Clarksville home prices and rental costs in 2022. That was just a signal of what was to come. 1 hottest housing market in the country by the online real estate company . In January, Clarksville was ranked the No. Getting under a roof goes through the roofĪpartment construction on Old Trenton Road in Clarksville Sun J(Lee Erwin). LG Chem could be the shot in the arm that keeps that from happening.Ģ. There’s always been a risk that Clarksville might grow in population but not in income levels. Higher wages bring more expendable income, too, raising the tax base and helping the local economy thrive. ![]() And with pay in those ranges, other companies will likely be compelled to raise their wages in order to stay competitive. That will be a game-changer for Clarksville, which has been seeking more high-wage jobs for decades. Hemlock promised some good chemical engineering jobs, but the LG Chem is planning for 200 of those jobs to pay over $100,000 a year. While Hemlock was a $1.2 billion announcement with 500 workers, LG Chem is planning a $3.2 billion plant with 820 workers. Either way, not enough people seem to appreciate the enormity of what just happened with the LG Chem announcement in November that it will build an electric vehicle battery plant here. Maybe Clarksville is still gun-shy from the debacle that was the Hemlock Semiconductor closure in 2014, or maybe we’re still in a post-COVID funk. LG Chem EV plant coming to Clarksville A rendering of the planned LG Chem plant in Clarksville. Here are the 10 stories that had the biggest impact on Clarksville in 2022, or are likely to have a big impact in the years to come:ġ. As Clarksville works to accommodate a growing population, more housing will be needed to meet growing demand and combat rising prices.When people look back at 2022 in Clarksville, what will they see as the pivotal points, the biggest news, the events that went on to shape this community’s future? It’s time to click through the Clarksville Now archives for the last 12 months and try to make sense of the year that was. The Clarksville population has skyrocketed over the last 10 years and is expected to continue to grow as economic development continues and more jobs are made available. So, by keeping an adequate and healthy housing stock, you avoid those things,” Tyndall said. One: it’s just going to skyrocket the already high cost of housing, and two: it’ll lead to overcrowding, homelessness, and people living in substandard conditions. If there is no housing available, it’s going to do two things. “People are not coming to Clarksville because we have houses available they’re coming regardless. Once that happens, property managers will have to compete for renters, and the increase in competition will improve Clarksville’s stock of rental housing and rental units available. He noted that prices will eventually come back down as the population levels out and more units hit the market.
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