38901 — Grenada County, Mississippi Market Snapshot
Housing market data for zip code 38901 in Grenada County, Mississippi. Updated monthly with median prices, days on market, and more.
Market Sales Data
11 sales in 2026 (year to date)
Median Sale Price
$115,000
Days to Sell
118
Homes Sold
11
Inventory
12
Sale-to-List
92.0%
New Listings
14
Price/SqFt
$82
Pending Sales
14
Conforming Loan Available
Most homebuyers in 38901 can comfortably use conventional financing. The median home price of $115,000 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 118 days on average, 38901 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
The average home in 38901 sells for 8.0% below asking price (92.0% sale-to-list), suggesting buyers have negotiating leverage in the current market.
Conforming Loan Feasibility
Most homebuyers in 38901 can comfortably use conventional financing. The median home price of $115,000 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 38901 are set at the county level.
2026 Loan Limits — Grenada 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 38901
To purchase the median home at $115,000 with 5% down at today's rate of 6.75%, the estimated monthly payment is approximately $1,031.
Monthly Payment
$1,031
Income Required
$44,190
Principal & Interest
$709/mo
Down Payment (5%)
$5,750
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 38901.
Estimated Monthly Payment
$862
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