75704 — Smith County, Texas Market Snapshot
Housing market data for zip code 75704 in Smith County, Texas. Updated monthly with median prices, days on market, and more.
Market Sales Data
31 sales in 2026 (year to date)
Median Sale Price
$289,490
Days to Sell
94
Homes Sold
31
Inventory
57
Sale-to-List
97.7%
New Listings
46
Price/SqFt
$167
Pending Sales
35
Conforming Loan Available
Most homebuyers in 75704 can comfortably use conventional financing. The median home price of $289,490 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
With homes sitting for 94 days on average, 75704 favors buyers. There may be opportunities to negotiate below asking price or request seller concessions for closing costs or rate buydowns.
Sale-to-List Ratio
The average home in 75704 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 75704 can comfortably use conventional financing. The median home price of $289,490 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 75704 are set at the county level.
2026 Loan Limits — Smith 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 75704
To purchase the median home at $289,490 with 5% down at today's rate of 6.75%, the estimated monthly payment is approximately $2,368.
Monthly Payment
$2,368
Income Required
$101,485
Principal & Interest
$1,784/mo
Down Payment (5%)
$14,475
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 75704.
Estimated Monthly Payment
$1,942
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