38668 — Panola County, Mississippi Market Snapshot
Housing market data for zip code 38668 in Panola County, Mississippi. Updated monthly with median prices, days on market, and more.
Market Sales Data
33 sales in 2026 (year to date)
Median Sale Price
$239,000
Days to Sell
83
Homes Sold
33
Inventory
35
Sale-to-List
96.8%
New Listings
29
Price/SqFt
$154
Pending Sales
38
Conforming Loan Available
Most homebuyers in 38668 can comfortably use conventional financing. The median home price of $239,000 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 83 days on average, 38668 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 38668 sells for 3.2% below asking price (96.8% sale-to-list), suggesting buyers have negotiating leverage in the current market.
Conforming Loan Feasibility
Most homebuyers in 38668 can comfortably use conventional financing. The median home price of $239,000 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 38668 are set at the county level.
2026 Loan Limits — Panola 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 38668
To purchase the median home at $239,000 with 5% down at today's rate of 6.75%, the estimated monthly payment is approximately $1,981.
Monthly Payment
$1,981
Income Required
$84,906
Principal & Interest
$1,473/mo
Down Payment (5%)
$11,950
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 38668.
Estimated Monthly Payment
$1,629
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