38068 — Fayette County, Tennessee Market Snapshot
Housing market data for zip code 38068 in Fayette County, Tennessee. Updated monthly with median prices, days on market, and more.
Market Sales Data
19 sales in 2026 (year to date)
Median Sale Price
$359,000
Days to Sell
63
Homes Sold
19
Inventory
44
Sale-to-List
98.1%
New Listings
49
Price/SqFt
$152
Pending Sales
23
Conforming Loan Available
Most homebuyers in 38068 can comfortably use conventional financing. The median home price of $359,000 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 63 days on average, 38068 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 38068 (98.1% sale-to-list ratio), indicating accurate pricing by sellers and steady demand.
Conforming Loan Feasibility
Most homebuyers in 38068 can comfortably use conventional financing. The median home price of $359,000 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 38068 are set at the county level.
2026 Loan Limits — Fayette 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 38068
To purchase the median home at $359,000 with 5% down at today's rate of 6.75%, the estimated monthly payment is approximately $2,901.
Monthly Payment
$2,901
Income Required
$124,309
Principal & Interest
$2,212/mo
Down Payment (5%)
$17,950
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 38068.
Estimated Monthly Payment
$2,372
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