38135 — Shelby County, Tennessee Market Snapshot
Housing market data for zip code 38135 in Shelby County, Tennessee. Updated monthly with median prices, days on market, and more.
Market Sales Data
86 sales in 2026 (year to date)
Median Sale Price
$303,195
Days to Sell
31
Homes Sold
86
Inventory
64
Sale-to-List
98.1%
New Listings
116
Price/SqFt
$154
Pending Sales
114
Conforming Loan Available
Most homebuyers in 38135 can comfortably use conventional financing. The median home price of $303,195 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
38135's market is balanced with homes taking an average of 31 days to sell. Buyers have some negotiating room without the pressure of bidding wars.
Sale-to-List Ratio
Homes are selling very close to asking price in 38135 (98.1% sale-to-list ratio), indicating accurate pricing by sellers and steady demand.
Conforming Loan Feasibility
Most homebuyers in 38135 can comfortably use conventional financing. The median home price of $303,195 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 38135 are set at the county level.
2026 Loan Limits — Shelby 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 38135
To purchase the median home at $303,195 with 5% down at today's rate of 6.75%, the estimated monthly payment is approximately $2,473.
Monthly Payment
$2,473
Income Required
$105,985
Principal & Interest
$1,868/mo
Down Payment (5%)
$15,160
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 38135.
Estimated Monthly Payment
$2,026
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