How much down payment do I need in Nashville?

There's no statewide rule for a down payment in Nashville. It really depends on the loan you get and your personal situation. Some loans let you pay as little as 3.5% down, while others might ask for 20% or more. For example, if you wanted to buy a home at the current median listing price of $539,900, a 20% down payment would be about $108,000. The median listing price in Nashville is $539,900. This price has stayed pretty stable over the last month, only going up by 0.2%. Compared to last year, prices are actually a bit lower, down by 1.7%. There are more homes for sale right now compared to a year ago. Active listings are up by 13.3%, with 11,374 homes on the market. More new homes are also coming up for sale, 5.0% more than last year. Homes in Nashville are taking a little longer to sell. The median time a home stays on the market is 52 days, which is 6.1% longer than last year. Also, 18.7% of homes have had their prices lowered, though this is slightly less than last year. With more homes available and some taking longer to sell, you might have more options and a bit more room to negotiate the price. Think about what monthly payment you're comfortable with and how much you can realistically put down upfront.