37357 — Cannon County, Tennessee Market Snapshot
Housing market data for zip code 37357 in Cannon County, Tennessee. Updated monthly with median prices, days on market, and more.
Market Sales Data
16 sales in 2026 (year to date)
Median Sale Price
$338,825
Days to Sell
55
Homes Sold
16
Inventory
27
Sale-to-List
96.9%
New Listings
26
Price/SqFt
$225
Pending Sales
22
Conforming Loan Available
Most homebuyers in 37357 can comfortably use conventional financing. The median home price of $338,825 is well below the 2026 conforming loan limit of $1,029,250, meaning buyers can put as little as 3-5% down without hitting jumbo loan territory.
Market Insights
Market Temperature
37357's market is balanced with homes taking an average of 55 days to sell. Buyers have some negotiating room without the pressure of bidding wars.
Sale-to-List Ratio
The average home in 37357 sells for 3.1% below asking price (96.9% sale-to-list), suggesting buyers have negotiating leverage in the current market.
Conforming Loan Feasibility
Most homebuyers in 37357 can comfortably use conventional financing. The median home price of $338,825 is well below the 2026 conforming loan limit of $1,029,250, meaning buyers can put as little as 3-5% down without hitting jumbo loan territory.
Loan limits in 37357 are set at the county level.
2026 Loan Limits — Cannon County
| Property Units | Conforming Limit | FHA Limit |
|---|---|---|
| 1 Unit | $1,029,250 | $1,029,250 |
| 2 Units | $1,317,650 | $1,317,650 |
| 3 Units | $1,592,700 | $1,592,700 |
| 4 Units | $1,979,350 | $1,979,350 |
Affordability Snapshot — Zip 37357
To purchase the median home at $338,825 with 5% down at today's rate of 6.75%, the estimated monthly payment is approximately $2,746.
Monthly Payment
$2,746
Income Required
$117,684
Principal & Interest
$2,088/mo
Down Payment (5%)
$16,941
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 37357.
Estimated Monthly Payment
$2,247
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