37877 — Jefferson County, Tennessee Market Snapshot
Housing market data for zip code 37877 in Jefferson County, Tennessee. Updated monthly with median prices, days on market, and more.
Market Sales Data
34 sales in 2026 (year to date)
Median Sale Price
$317,500
Days to Sell
39
Homes Sold
34
Inventory
36
Sale-to-List
98.0%
New Listings
39
Price/SqFt
$176
Pending Sales
36
Conforming Loan Available
Most homebuyers in 37877 can comfortably use conventional financing. The median home price of $317,500 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
37877's market is balanced with homes taking an average of 39 days to sell. Buyers have some negotiating room without the pressure of bidding wars.
Sale-to-List Ratio
The average home in 37877 sells for 2.0% below asking price (98.0% sale-to-list), suggesting buyers have negotiating leverage in the current market.
Conforming Loan Feasibility
Most homebuyers in 37877 can comfortably use conventional financing. The median home price of $317,500 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 37877 are set at the county level.
2026 Loan Limits — Jefferson 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 37877
To purchase the median home at $317,500 with 5% down at today's rate of 6.75%, the estimated monthly payment is approximately $2,583.
Monthly Payment
$2,583
Income Required
$110,682
Principal & Interest
$1,956/mo
Down Payment (5%)
$15,875
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 37877.
Estimated Monthly Payment
$2,115
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