39111 — Smith County, Mississippi Market Snapshot
Housing market data for zip code 39111 in Smith County, Mississippi. Updated monthly with median prices, days on market, and more.
Market Sales Data
12 sales in 2026 (year to date)
Median Sale Price
$184,750
Days to Sell
28
Homes Sold
12
Inventory
25
Sale-to-List
96.7%
New Listings
25
Price/SqFt
$127
Pending Sales
20
Conforming Loan Available
Most homebuyers in 39111 can comfortably use conventional financing. The median home price of $184,750 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 39111 are moving quickly at 28 days on market, indicating healthy buyer demand. Well-priced homes are likely seeing multiple offers.
Sale-to-List Ratio
The average home in 39111 sells for 3.3% below asking price (96.7% sale-to-list), suggesting buyers have negotiating leverage in the current market.
Conforming Loan Feasibility
Most homebuyers in 39111 can comfortably use conventional financing. The median home price of $184,750 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 39111 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 39111
To purchase the median home at $184,750 with 5% down at today's rate of 6.75%, the estimated monthly payment is approximately $1,565.
Monthly Payment
$1,565
Income Required
$67,093
Principal & Interest
$1,138/mo
Down Payment (5%)
$9,238
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 39111.
Estimated Monthly Payment
$1,293
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