38139 — Shelby County, Tennessee Market Snapshot
Housing market data for zip code 38139 in Shelby 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
$590,000
Days to Sell
24
Homes Sold
70
Inventory
59
Sale-to-List
97.7%
New Listings
101
Price/SqFt
$180
Pending Sales
85
Conforming Loan Available
Most homebuyers in 38139 can comfortably use conventional financing. The median home price of $590,000 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
Homes in 38139 are moving quickly at 24 days on market, indicating healthy buyer demand. Well-priced homes are likely seeing multiple offers.
Sale-to-List Ratio
The average home in 38139 sells for 2.3% below asking price (97.7% sale-to-list), suggesting buyers have negotiating leverage in the current market.
Conforming Loan Feasibility
Most homebuyers in 38139 can comfortably use conventional financing. The median home price of $590,000 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 38139 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 38139
To purchase the median home at $590,000 with 5% down at today's rate of 6.75%, the estimated monthly payment is approximately $4,670.
Monthly Payment
$4,670
Income Required
$200,160
Principal & Interest
$3,635/mo
Down Payment (5%)
$29,500
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 38139.
Estimated Monthly Payment
$3,801
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