38651 — DeSoto County, Mississippi Market Snapshot
Housing market data for zip code 38651 in DeSoto County, Mississippi. Updated monthly with median prices, days on market, and more.
Market Sales Data
53 sales in 2026 (year to date)
Median Sale Price
$369,000
Days to Sell
77
Homes Sold
53
Inventory
59
Sale-to-List
98.6%
New Listings
65
Price/SqFt
$175
Pending Sales
72
Conforming Loan Available
Most homebuyers in 38651 can comfortably use conventional financing. The median home price of $369,000 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
With homes sitting for 77 days on average, 38651 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 38651 (98.6% sale-to-list ratio), indicating accurate pricing by sellers and steady demand.
Conforming Loan Feasibility
Most homebuyers in 38651 can comfortably use conventional financing. The median home price of $369,000 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 38651 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 38651
To purchase the median home at $369,000 with 5% down at today's rate of 6.75%, the estimated monthly payment is approximately $2,977.
Monthly Payment
$2,977
Income Required
$127,593
Principal & Interest
$2,274/mo
Down Payment (5%)
$18,450
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 38651.
Estimated Monthly Payment
$2,434
Connect with a LoanGraphs Loan Officer
Get expert guidance for zip code 38651. Tell us what you're looking for.