Come on down to Nashville. Of course from Denver--most every place is down. You live in a beautiful part of the world, and so do I. Middle Tennessee is beautiful.
In a word, the answer to your question is "YES." Many homes in Tennessee do have basements. There is a lot of limestone in the area, so foundations are prevalently either crawl space or basement. There are homes built on concrete slab as well. Many homebuyers want basements because they offer additional space for very little more cost. Family rooms, rec-rooms, workshops, additional bedroom space are all popular uses of basements.
As in other areas, each basements must stand on its own merit. Have you had good/bad experiences with basements? Are you interested in inished or unfinished basement space?
You are welcome to go to my website, select the GREATER NASHVILLE MLS tab, and search homes isted in Middle Tennessee. Refine your search for homes with basements, etc. You can choose the LOOKING FOR A HOME search tab, and set up an email alert to let your know immediately when new homes (meeting your criteria) come on the market. ALL OF THIS IS FREE and without obligation. The only information required of you is a valid email address for the reports.
I'm happy to answer any additional questions you may have. Feel free to use my website...http://www.LookingForHomes.org
The Realty Association