38004 — Tipton County, Tennessee Market Snapshot
Housing market data for zip code 38004 in Tipton County, Tennessee. Updated monthly with median prices, days on market, and more.
Market Sales Data
37 sales in 2026 (year to date)
Median Sale Price
$399,000
Days to Sell
59
Homes Sold
37
Inventory
43
Sale-to-List
99.8%
New Listings
54
Price/SqFt
$161
Pending Sales
40
Conforming Loan Available
Most homebuyers in 38004 can comfortably use conventional financing. The median home price of $399,000 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
38004's market is balanced with homes taking an average of 59 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 38004 (99.8% sale-to-list ratio), indicating accurate pricing by sellers and steady demand.
Conforming Loan Feasibility
Most homebuyers in 38004 can comfortably use conventional financing. The median home price of $399,000 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 38004 are set at the county level.
2026 Loan Limits — Tipton 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 38004
To purchase the median home at $399,000 with 5% down at today's rate of 6.75%, the estimated monthly payment is approximately $3,207.
Monthly Payment
$3,207
Income Required
$137,443
Principal & Interest
$2,459/mo
Down Payment (5%)
$19,950
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 38004.
Estimated Monthly Payment
$2,619
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