39046 — Madison County, Mississippi Market Snapshot
Housing market data for zip code 39046 in Madison County, Mississippi. Updated monthly with median prices, days on market, and more.
Market Sales Data
92 sales in 2026 (year to date)
Median Sale Price
$317,000
Days to Sell
96
Homes Sold
92
Inventory
119
Sale-to-List
98.9%
New Listings
124
Price/SqFt
$174
Pending Sales
124
Conforming Loan Available
Most homebuyers in 39046 can comfortably use conventional financing. The median home price of $317,000 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
With homes sitting for 96 days on average, 39046 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
Homes are selling very close to asking price in 39046 (98.9% sale-to-list ratio), indicating accurate pricing by sellers and steady demand.
Conforming Loan Feasibility
Most homebuyers in 39046 can comfortably use conventional financing. The median home price of $317,000 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 39046 are set at the county level.
2026 Loan Limits — Madison 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 39046
To purchase the median home at $317,000 with 5% down at today's rate of 6.75%, the estimated monthly payment is approximately $2,579.
Monthly Payment
$2,579
Income Required
$110,518
Principal & Interest
$1,953/mo
Down Payment (5%)
$15,850
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 39046.
Estimated Monthly Payment
$2,112
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