38866 — Lee County, Mississippi Market Snapshot
Housing market data for zip code 38866 in Lee County, Mississippi. Updated monthly with median prices, days on market, and more.
Market Sales Data
37 sales in 2026 (year to date)
Median Sale Price
$289,900
Days to Sell
32
Homes Sold
37
Inventory
53
Sale-to-List
0.0%
New Listings
68
Price/SqFt
$149
Pending Sales
37
Conforming Loan Available
Most homebuyers in 38866 can comfortably use conventional financing. The median home price of $289,900 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
38866's market is balanced with homes taking an average of 32 days to sell. Buyers have some negotiating room without the pressure of bidding wars.
Sale-to-List Ratio
The average home in 38866 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 38866 can comfortably use conventional financing. The median home price of $289,900 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 38866 are set at the county level.
2026 Loan Limits — Lee 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 38866
To purchase the median home at $289,900 with 5% down at today's rate of 6.75%, the estimated monthly payment is approximately $2,371.
Monthly Payment
$2,371
Income Required
$101,619
Principal & Interest
$1,786/mo
Down Payment (5%)
$14,495
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 38866.
Estimated Monthly Payment
$1,944
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