38637 — DeSoto County, Mississippi Market Snapshot
Housing market data for zip code 38637 in DeSoto County, Mississippi. Updated monthly with median prices, days on market, and more.
Market Sales Data
55 sales in 2026 (year to date)
Median Sale Price
$225,000
Days to Sell
20
Homes Sold
55
Inventory
34
Sale-to-List
97.8%
New Listings
65
Price/SqFt
$159
Pending Sales
61
Conforming Loan Available
Most homebuyers in 38637 can comfortably use conventional financing. The median home price of $225,000 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
Homes in 38637 are moving quickly at 20 days on market, indicating healthy buyer demand. Well-priced homes are likely seeing multiple offers.
Sale-to-List Ratio
The average home in 38637 sells for 2.2% below asking price (97.8% sale-to-list), suggesting buyers have negotiating leverage in the current market.
Conforming Loan Feasibility
Most homebuyers in 38637 can comfortably use conventional financing. The median home price of $225,000 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 38637 are set at the county level.
2026 Loan Limits — DeSoto 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 38637
To purchase the median home at $225,000 with 5% down at today's rate of 6.75%, the estimated monthly payment is approximately $1,874.
Monthly Payment
$1,874
Income Required
$80,309
Principal & Interest
$1,386/mo
Down Payment (5%)
$11,250
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 38637.
Estimated Monthly Payment
$1,542
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