38141 — Shelby County, Tennessee Market Snapshot
Housing market data for zip code 38141 in Shelby 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
$171,200
Days to Sell
14
Homes Sold
29
Inventory
26
Sale-to-List
95.3%
New Listings
50
Price/SqFt
$117
Pending Sales
42
Conforming Loan Available
Most homebuyers in 38141 can comfortably use conventional financing. The median home price of $171,200 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 38141 are moving quickly at 14 days on market, indicating healthy buyer demand. Well-priced homes are likely seeing multiple offers.
Sale-to-List Ratio
The average home in 38141 sells for 4.7% below asking price (95.3% sale-to-list), suggesting buyers have negotiating leverage in the current market.
Conforming Loan Feasibility
Most homebuyers in 38141 can comfortably use conventional financing. The median home price of $171,200 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 38141 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 38141
To purchase the median home at $171,200 with 5% down at today's rate of 6.75%, the estimated monthly payment is approximately $1,462.
Monthly Payment
$1,462
Income Required
$62,643
Principal & Interest
$1,055/mo
Down Payment (5%)
$8,560
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 38141.
Estimated Monthly Payment
$1,210
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