37331 — McMinn County, Tennessee Market Snapshot
Housing market data for zip code 37331 in McMinn County, Tennessee. Updated monthly with median prices, days on market, and more.
Market Sales Data
29 sales in 2026 (year to date)
Median Sale Price
$230,000
Days to Sell
80
Homes Sold
29
Inventory
34
Sale-to-List
95.9%
New Listings
34
Price/SqFt
$160
Pending Sales
29
Conforming Loan Available
Most homebuyers in 37331 can comfortably use conventional financing. The median home price of $230,000 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 80 days on average, 37331 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 37331 sells for 4.1% below asking price (95.9% sale-to-list), suggesting buyers have negotiating leverage in the current market.
Conforming Loan Feasibility
Most homebuyers in 37331 can comfortably use conventional financing. The median home price of $230,000 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 37331 are set at the county level.
2026 Loan Limits — McMinn 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 37331
To purchase the median home at $230,000 with 5% down at today's rate of 6.75%, the estimated monthly payment is approximately $1,912.
Monthly Payment
$1,912
Income Required
$81,951
Principal & Interest
$1,417/mo
Down Payment (5%)
$11,500
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 37331.
Estimated Monthly Payment
$1,573
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