38060 — Fayette County, Tennessee Market Snapshot
Housing market data for zip code 38060 in Fayette County, Tennessee. Updated monthly with median prices, days on market, and more.
Market Sales Data
70 sales in 2026 (year to date)
Median Sale Price
$351,495
Days to Sell
57
Homes Sold
70
Inventory
127
Sale-to-List
98.7%
New Listings
131
Price/SqFt
$174
Pending Sales
108
Conforming Loan Available
Most homebuyers in 38060 can comfortably use conventional financing. The median home price of $351,495 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
38060's market is balanced with homes taking an average of 57 days to sell. Buyers have some negotiating room without the pressure of bidding wars.
Sale-to-List Ratio
Homes are selling very close to asking price in 38060 (98.7% sale-to-list ratio), indicating accurate pricing by sellers and steady demand.
Conforming Loan Feasibility
Most homebuyers in 38060 can comfortably use conventional financing. The median home price of $351,495 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 38060 are set at the county level.
2026 Loan Limits — Fayette 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 38060
To purchase the median home at $351,495 with 5% down at today's rate of 6.75%, the estimated monthly payment is approximately $2,843.
Monthly Payment
$2,843
Income Required
$121,845
Principal & Interest
$2,166/mo
Down Payment (5%)
$17,575
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 38060.
Estimated Monthly Payment
$2,325
Connect with a LoanGraphs Loan Officer
Get expert guidance for zip code 38060. Tell us what you're looking for.