35242 — Shelby County, Alabama Market Snapshot
Housing market data for zip code 35242 in Shelby County, Alabama. Updated monthly with median prices, days on market, and more.
Market Sales Data
12 sales in 2026 (year to date)
Median Sale Price
$282,659
Days to Sell
60
Homes Sold
12
Inventory
15
Sale-to-List
99.1%
New Listings
17
Price/SqFt
$147
Pending Sales
14
Conforming Loan Available
Most homebuyers in 35242 can comfortably use conventional financing. The median home price of $282,659 is well below the 2026 conforming loan limit of $832,750, meaning buyers can put as little as 3-5% down without hitting jumbo loan territory.
Market Insights
Market Temperature
With homes sitting for 60 days on average, 35242 favors buyers. There may be opportunities to negotiate below asking price or request seller concessions for closing costs or rate buydowns.
Sale-to-List Ratio
Homes are selling very close to asking price in 35242 (99.1% sale-to-list ratio), indicating accurate pricing by sellers and steady demand.
Conforming Loan Feasibility
Most homebuyers in 35242 can comfortably use conventional financing. The median home price of $282,659 is well below the 2026 conforming loan limit of $832,750, meaning buyers can put as little as 3-5% down without hitting jumbo loan territory.
Loan limits in 35242 are set at the county level.
2026 Loan Limits — Shelby County
| Property Units | Conforming Limit | FHA Limit |
|---|---|---|
| 1 Unit | $832,750 | $541,287 |
| 2 Units | $1,066,250 | $693,050 |
| 3 Units | $1,288,800 | $837,700 |
| 4 Units | $1,601,750 | $1,041,125 |
Affordability Snapshot — Zip 35242
To purchase the median home at $282,659 with 5% down at today's rate of 6.75%, the estimated monthly payment is approximately $2,316.
Monthly Payment
$2,316
Income Required
$99,242
Principal & Interest
$1,742/mo
Down Payment (5%)
$14,133
Based on 30-year fixed at 6.75%, 1.8% property tax, $1,800/yr insurance, 28% DTI guideline.
Mortgage Calculator
Estimate your monthly payment for a home in 35242.
Estimated Monthly Payment
$1,899
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