38134 — Shelby County, Tennessee Market Snapshot
Housing market data for zip code 38134 in Shelby County, Tennessee. Updated monthly with median prices, days on market, and more.
Market Sales Data
83 sales in 2026 (year to date)
Median Sale Price
$245,000
Days to Sell
34
Homes Sold
83
Inventory
47
Sale-to-List
97.9%
New Listings
88
Price/SqFt
$147
Pending Sales
87
Conforming Loan Available
Most homebuyers in 38134 can comfortably use conventional financing. The median home price of $245,000 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
38134's market is balanced with homes taking an average of 34 days to sell. Buyers have some negotiating room without the pressure of bidding wars.
Sale-to-List Ratio
The average home in 38134 sells for 2.1% below asking price (97.9% sale-to-list), suggesting buyers have negotiating leverage in the current market.
Conforming Loan Feasibility
Most homebuyers in 38134 can comfortably use conventional financing. The median home price of $245,000 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 38134 are set at the county level.
2026 Loan Limits — Shelby 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 38134
To purchase the median home at $245,000 with 5% down at today's rate of 6.75%, the estimated monthly payment is approximately $2,027.
Monthly Payment
$2,027
Income Required
$86,876
Principal & Interest
$1,510/mo
Down Payment (5%)
$12,250
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 38134.
Estimated Monthly Payment
$1,666
Connect with a LoanGraphs Loan Officer
Get expert guidance for zip code 38134. Tell us what you're looking for.