Other Tennessee Markets
Tennessee's mortgage market extends well beyond Nashville, Memphis, Knoxville, Chattanooga, Murfreesboro, and Clarksville. Each of these markets has its own employment base, price range, and dominant loan programs.
Tennessee beyond the major metros
Tennessee's six major metro markets — Nashville, Memphis, Knoxville, Chattanooga, Murfreesboro, and Clarksville — represent the largest concentrations of mortgage activity in the state. But a significant share of Tennessee home purchases and refinances happen in smaller cities, suburban communities, and rural counties that each have their own market dynamics.
The markets below range from Sevier County's STR-dominated investment economy to Brentwood's predominantly jumbo residential market to Lenoir City's USDA-eligible rural areas. Understanding which loan programs are most relevant in each market is the starting point for any purchase or refinance in these communities.
Market guides
Oak Ridge
Anderson County. DOE/ORNL employment base, stable workforce housing market, strong FHA and conventional activity.
Maryville
Blount County seat. Affordable alternative to Knoxville, growing suburban market, strong conventional and FHA demand.
Alcoa
Blount County. Industrial employment base, affordable price points, USDA-eligible areas nearby.
Farragut
Knox County suburb. One of Tennessee's most affluent communities, strong conventional and jumbo market.
Lenoir City
Loudon County. Affordable East Tennessee market with significant USDA-eligible areas and TVA employment.
Sevier County
Smoky Mountain tourism economy. Dominated by STR investment properties and DSCR financing.
Gatlinburg
Sevier County. Gateway to the Smokies, log cabin and chalet investment market, DSCR and STR financing.
Pigeon Forge
Sevier County. Dollywood corridor, luxury cabin investment market, DSCR and jumbo DSCR financing.
Cleveland
Bradley County. Industrial and manufacturing employment, affordable prices, strong FHA and VA market.
Johnson City
Washington County. Tri-Cities anchor, ETSU and healthcare employment, affordable and stable market.
Kingsport
Sullivan County. Eastman Chemical employment base, affordable prices, strong conventional and FHA activity.
Bristol
Sullivan County. Tennessee–Virginia state line market, NASCAR economy, unique dual-state considerations.
Franklin
Williamson County. Premium Nashville suburb, historic downtown, significant jumbo financing activity.
Brentwood
Williamson County. One of Tennessee's wealthiest cities, predominantly jumbo market, executive buyer profile.
Tennessee mortgage guidance from Morgan Hardy
Morgan Hardy is a Tennessee-based mortgage broker with knowledge of local markets across the state. Contact Morgan to discuss financing for your Tennessee home purchase or investment.
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