Impact of Rising Oil and Gas Prices on Housing Market
Jeff Sica, who founded Circle Squared Alternative Investments, recently spoke with Barney & Company about how climbing oil and gas prices are influencing the housing market.
In Tennessee, particularly in suburbs close to Nashville, there’s quite an economic surge happening. High-paying jobs in technology and trade are drawing people in.
A report from Realtor.com highlights that Clarksville, located roughly 45 minutes from Nashville, is seeing a surge in residents. This is partly because several manufacturing companies have established operations there and housing prices have dipped.
The median listing price for homes in Clarksville is around $357,950, while in Nashville, it sits at about $527,225. That’s a potential savings of about 32.1% for homebuyers.
Housing demand in the area looks promising. According to the Realtor report, T.RAD, a Japanese auto parts manufacturer, has decided to set up a new factory in Clarksville, and Korea Zinc is also expanding its presence in the region.
The T.RAD facility will mark the first location of its North American division in Tennessee, with an expected investment of $90.2 million. This endeavor is likely to create approximately 928 jobs in the coming years.
Korea Zinc already employs around 300 people but plans to grow significantly, aiming to add at least 420 direct jobs and creating additional opportunities through suppliers and other economic activities.
Reported salaries for these new roles are quite appealing, ranging from $86,000 to nearly $200,000 annually.
Nearby, Fort Campbell, a significant U.S. military base, remains a major employer in the region, and Austin Peay State University also provides a number of jobs. “Increasing job opportunities in smaller areas could boost the local housing market, provided inventory meets the demand,” noted Hannah Jones, a senior economic research analyst with Realtor.com.
Jones further explained that while a rebound in demand has led to substantial house price increases over the last six years, prices have mostly stabilized in the past year. The time houses spend on the market has also lengthened, indicating a possible market rebalancing.
Clarksville ranks as the fifth largest city in Tennessee, and recently, its population has been on the rise, particularly with new constructions becoming more common. “For single-family home sales, about 85% were existing homes in 2025, which aligns with pre-pandemic trends,” Jones noted.
Interestingly, the proportion of new construction sales has increased by nearly 6 percentage points in 2025 compared to the previous year, suggesting that more buyers are leaning towards new homes than they did in the preceding three years, although it still lags behind the levels witnessed during the pandemic.
