Assumable Mortgages in Tennessee

Assumable Homes in Tennessee

Tennessee has emerged as one of the most in-demand relocation destinations in the country, and its assumable property market has grown accordingly. Our Tennessee dataset covers approximately 68,000 FHA and VA assumable homes across 1,495 census tracts, with a median note rate of 3.6%.

Nashville — the state's largest and fastest-growing metro — has seen dramatic home price appreciation since 2020, making assumable homes at 3.6% one of the most compelling affordability strategies available to buyers in the market. FHA assumable property is concentrated in Nashville's south and east sides as well as the suburban ring — Murfreesboro, Smyrna, La Vergne, and Hendersonville.

Memphis carries the state's second-largest assumable homes inventory, with FHA assumable property concentrated in Shelby County's suburban communities. Knoxville, Chattanooga, and Clarksville also show meaningful assumable property density.

Clarksville deserves special mention: as home to Fort Campbell, one of the Army's largest installations, it has one of the highest concentrations of VA assumable homes in the state. Fort Campbell straddles the Tennessee–Kentucky border, and its influence on the Clarksville market is significant.

At 6.1 years median age, Tennessee's assumable obligations largely date to the 2019–2022 rate environment. Our Tennessee data list covers all 95 counties at the census-tract level.