38843 — Itawamba County, Mississippi Market Snapshot
Housing market data for zip code 38843 in Itawamba County, Mississippi. Updated monthly with median prices, days on market, and more.
Market Sales Data
26 sales in 2026 (year to date)
Median Sale Price
$225,700
Days to Sell
59
Homes Sold
26
Inventory
32
Sale-to-List
0.0%
New Listings
34
Price/SqFt
$132
Pending Sales
26
Conforming Loan Available
Most homebuyers in 38843 can comfortably use conventional financing. The median home price of $225,700 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
38843's market is balanced with homes taking an average of 59 days to sell. Buyers have some negotiating room without the pressure of bidding wars.
Sale-to-List Ratio
The average home in 38843 sells for 100.0% below asking price (0.0% sale-to-list), suggesting buyers have negotiating leverage in the current market.
Conforming Loan Feasibility
Most homebuyers in 38843 can comfortably use conventional financing. The median home price of $225,700 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 38843 are set at the county level.
2026 Loan Limits — Itawamba 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 38843
To purchase the median home at $225,700 with 5% down at today's rate of 6.75%, the estimated monthly payment is approximately $1,879.
Monthly Payment
$1,879
Income Required
$80,539
Principal & Interest
$1,391/mo
Down Payment (5%)
$11,285
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 38843.
Estimated Monthly Payment
$1,547
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