38701 — Washington County, Mississippi Market Snapshot
Housing market data for zip code 38701 in Washington County, Mississippi. Updated monthly with median prices, days on market, and more.
Market Sales Data
28 sales in 2026 (year to date)
Median Sale Price
$126,950
Days to Sell
172
Homes Sold
28
Inventory
51
Sale-to-List
85.0%
New Listings
41
Price/SqFt
$84
Pending Sales
38
Conforming Loan Available
Most homebuyers in 38701 can comfortably use conventional financing. The median home price of $126,950 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 172 days on average, 38701 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 38701 sells for 15.0% below asking price (85.0% sale-to-list), suggesting buyers have negotiating leverage in the current market.
Conforming Loan Feasibility
Most homebuyers in 38701 can comfortably use conventional financing. The median home price of $126,950 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 38701 are set at the county level.
2026 Loan Limits — Washington 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 38701
To purchase the median home at $126,950 with 5% down at today's rate of 6.75%, the estimated monthly payment is approximately $1,123.
Monthly Payment
$1,123
Income Required
$48,114
Principal & Interest
$782/mo
Down Payment (5%)
$6,348
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 38701.
Estimated Monthly Payment
$936
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