38560 — Smith County, Tennessee Market Snapshot
Housing market data for zip code 38560 in Smith County, Tennessee. Updated monthly with median prices, days on market, and more.
Limited Sales Data
Only 6 homes sold in this ZIP code during the selected period. Statistics may not be representative. See the Smith County county page for broader data.
Market Sales Data
6 sales in 2026 (year to date)
Median Sale Price
$402,700
Days to Sell
74
Homes Sold
6
Inventory
4
Conforming Loan Available
Most homebuyers in 38560 can comfortably use conventional financing. The median home price of $402,700 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
With homes sitting for 74 days on average, 38560 favors buyers. There may be opportunities to negotiate below asking price or request seller concessions for closing costs or rate buydowns.
Conforming Loan Feasibility
Most homebuyers in 38560 can comfortably use conventional financing. The median home price of $402,700 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 38560 are set at the county level.
2026 Loan Limits — Smith 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 38560
To purchase the median home at $402,700 with 5% down at today's rate of 6.75%, the estimated monthly payment is approximately $3,235.
Monthly Payment
$3,235
Income Required
$138,658
Principal & Interest
$2,481/mo
Down Payment (5%)
$20,135
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 38560.
Estimated Monthly Payment
$2,642
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