37361 — Polk County, Tennessee Market Snapshot
Housing market data for zip code 37361 in Polk County, Tennessee. Updated monthly with median prices, days on market, and more.
Market Sales Data
12 sales in 2026 (year to date)
Median Sale Price
$432,450
Days to Sell
49
Homes Sold
12
Inventory
15
Sale-to-List
98.0%
New Listings
14
Price/SqFt
$243
Pending Sales
11
Conforming Loan Available
Most homebuyers in 37361 can comfortably use conventional financing. The median home price of $432,450 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
37361's market is balanced with homes taking an average of 49 days to sell. Buyers have some negotiating room without the pressure of bidding wars.
Sale-to-List Ratio
The average home in 37361 sells for 2.0% below asking price (98.0% sale-to-list), suggesting buyers have negotiating leverage in the current market.
Conforming Loan Feasibility
Most homebuyers in 37361 can comfortably use conventional financing. The median home price of $432,450 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 37361 are set at the county level.
2026 Loan Limits — Polk 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 37361
To purchase the median home at $432,450 with 5% down at today's rate of 6.75%, the estimated monthly payment is approximately $3,463.
Monthly Payment
$3,463
Income Required
$148,427
Principal & Interest
$2,665/mo
Down Payment (5%)
$21,623
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 37361.
Estimated Monthly Payment
$2,826
Connect with a LoanGraphs Loan Officer
Get expert guidance for zip code 37361. Tell us what you're looking for.