Mortgage Rates in Collegedale, Tennessee — March 2026
Updated March 2026 | Based on Collegedale market data and regional lending conditions
Collegedale is a growing city in Tennessee with a population of 11,834. The current 30-year fixed mortgage rate in Collegedale is 6.86%, which is 0.21% above the national average. With a median home price of $264,000 and a 20% down payment of $52,800, homebuyers can expect a monthly principal and interest payment of approximately $1,385.
Current Mortgage Rates in Collegedale, TN
Below are the current average mortgage rates available in the Collegedale area as of March 2026. Rates vary by lender, credit score, and loan-to-value ratio. Use our free calculator above to see your personalized estimate.
| Loan Type | Rate | National Avg | Difference |
|---|---|---|---|
| 30-Year Fixed | 6.86% | 6.65% | +0.21% |
| 15-Year Fixed | 6.08% | 5.89% | +0.19% |
| 5/1 ARM | 6.32% | 6.15% | +0.17% |
| FHA | 6.56% | 6.25% | +0.31% |
| VA | 6.31% | 6.05% | +0.26% |
| Jumbo | 7.11% | 6.85% | +0.26% |
Collegedale Housing Market Overview
The Collegedale housing market offers relatively affordable housing compared to many major cities. The median household income in Collegedale is $56,700, and the cost of living index is 89.5 (national average = 100). Based on the 28% affordability rule, you would need an income of approximately $65,400 to comfortably afford the median-priced home in Collegedale, which exceeds the current median household income.
Monthly Payment Breakdown for Collegedale
Based on the median home price of $264,000 with 20% down ($52,800), here is what you can expect to pay monthly in Collegedale:
15-Year vs. 30-Year Mortgage in Collegedale
Choosing a 15-year mortgage in Collegedale at 6.08% instead of a 30-year at 6.86% would save you $176,220 in total interest over the life of the loan. However, your monthly payment would be $1,791 instead of $1,385 — an increase of $406 per month.
Calculate Your Collegedale Mortgage Payment
Use our free calculator to get a personalized estimate based on your loan amount, interest rate, and term.
Open Free CalculatorFrequently Asked Questions About Mortgages in Collegedale
What are the current mortgage rates in Collegedale, TN?
As of March 2026, the average 30-year fixed mortgage rate in Collegedale, Tennessee is 6.86%, while the 15-year fixed rate is 6.08%. FHA loans average 6.56% and VA loans 6.31%. These rates are 0.21% above the national average of 6.65%.
How much is a monthly mortgage payment in Collegedale?
Based on the median home price of $264,000 with 20% down, the estimated monthly mortgage payment in Collegedale is $1,385 for principal and interest. Including property taxes of $141/month, the total monthly housing cost is approximately $1,526.
What income do I need to buy a home in Collegedale?
Using the 28% rule, you would need an annual income of approximately $65,400 to afford the median-priced home in Collegedale at $264,000. The median household income in Collegedale is $56,700. This means most households would need to either earn above the median or consider homes below $264,000.
Is Collegedale a good place to buy a home in 2026?
Collegedale offers a below-average cost of living with a cost of living index of 89.5 (national average = 100). The property tax rate in Tennessee is 0.64%, which is below the national average. Collegedale has a population of 11,834 and offers a very affordable lifestyle.
Mortgage Rates in Other Tennessee Cities
Related Tools & Guides
Last updated: March 2026. Rates are approximate averages based on regional lending data for the Collegedale, Tennessee area. Individual rates may vary by lender, credit score, loan amount, and other factors. Use our free calculator for a personalized estimate.