ZIP Code Market Report · Updated May 2026
Is 37201 a Buyer's
or Seller's Market?
📍 Nashville, Tennessee · TN
73
🟡 WARM
Balanced market
17 days avg on market · Tax rate: 0.71%/yr
Mortgage Breakdown — 37201
Median Price$480,000
20% Down$96,000
Loan Amount$384,000
Rate (~6.7%)$2,477/mo P&I
Property Tax$284/mo
Total PITI$2,961/mo
Income Needed$98,700/yr
Educational purposes only. Market data is estimated. Not financial advice. Always verify with a licensed professional.
The other half of the answer
Prices tell you what a house costs here. They do not tell you whether a lender will approve the loan — and that varies more than almost anyone realises.
19.3%
of FHA applications denied in Nashville-Davidson--Murfreesboro--Franklin, TN, 2025 · national 22.1%
FREEDOM MORTGAGE CORPORATION
14.3% United Wholesale Mortgage
16.1% NVR MORTGAGE FINANCE, INC.
19.6% A 21.4-point spread between the busiest FHA lenders in this metro.
Loans under $150K denied at 47.3% versus 16.6% above $250K.
CFPB HMDA 2025, computed by FinanceRateCalc. Covers the highest-volume lenders published for this market, not all lenders. Rates reflect applicant mix as well as lender practice — historical observations, not predictions. CC BY 4.0, not independently reproduced.
The Denial Dispatch
One finding a week from the federal mortgage record.
One chart, three paragraphs, every Saturday. Measured, not assumed.
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