30-Year Fixed Mortgage Rates in ZIP Code 37217

Today's leading benchmark rate for 30-year fixed rates in 37217, Nashville-Davidson Metropolitan Government (Balance), TN is 6.946% (with an estimated monthly payment of $1,849). Calibrated directly to 37217, Nashville-Davidson Metropolitan Government (Balance), TN's local housing market, Safe Rate shows up-to-the-minute interest rates and points across Conventional, FHA, VA, and Jumbo loan programs daily.

Mortgage rates for 30-year fixed rates have shown typical daily fluctuations driven by inflation data and bond yields. Over the past 90 days, rates for 30-year fixed rates in 37217, Nashville-Davidson Metropolitan Government (Balance), TN have hovered between a low of 6.600% and a high of 7.052%. You can track these daily movements by using the 90-day rate history and trajectory chart featured on this page.

Choosing between FHA and Conventional depends on your down payment budget and credit score. For a typical home priced at $374,870 in 37217, Nashville-Davidson Metropolitan Government (Balance), TN, a standard 20%-down Conventional loan requires an upfront cash down payment of $74,974 but keeps your monthly payment lower at $1,849/mo (at 6.946% interest) with no monthly PMI. In comparison, an FHA loan requires only $13,120 (3.5% down) but has an estimated payment of $2,046/mo (at 5.953% interest) due to mandatory FHA mortgage insurance (MIP). Local Nuance: The typical local FHA loan amount of $361,750 falls comfortably within the local HUD FHA loan limit of $541,287 (1-unit), making FHA financing an exceptionally accessible, high-leverage entry point into the market.

The 2025 conforming conventional loan limit for a 1-unit property in 37217 is $806,501. With a typical local home value of $374,870 in Nashville-Davidson Metropolitan Government (Balance), a standard 20%-down mortgage requires a loan size of $299,896. Because this is within the $806,501 conforming threshold, buyers can qualify for standard conforming conventional financing with competitive rates.

The median home value in 37217, Nashville-Davidson Metropolitan Government (Balance), TN is estimated at $374,870. Buying a typical home here with a standard 20% down payment ($74,974) translates to an estimated starting monthly mortgage payment of $1,849 (principal and interest). Compared to the local area median household income of $71,757 ($5,980/mo), this basic housing payment represents approximately 30.9% of gross monthly household income. This housing cost is well within standard lender affordability guidelines (under the 36% DTI benchmark), demonstrating healthy local purchasing power.