75662 — Smith County, Texas Market Snapshot
Housing market data for zip code 75662 in Smith County, Texas. Updated monthly with median prices, days on market, and more.
Market Sales Data
76 sales in 2026 (year to date)
Median Sale Price
$259,450
Days to Sell
80
Homes Sold
76
Inventory
87
Sale-to-List
96.0%
New Listings
77
Price/SqFt
$139
Pending Sales
81
Conforming Loan Available
Most homebuyers in 75662 can comfortably use conventional financing. The median home price of $259,450 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, 75662 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 75662 sells for 4.0% below asking price (96.0% sale-to-list), suggesting buyers have negotiating leverage in the current market.
Conforming Loan Feasibility
Most homebuyers in 75662 can comfortably use conventional financing. The median home price of $259,450 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 75662 are set at the county level.
2026 Loan Limits — Smith 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 75662
To purchase the median home at $259,450 with 5% down at today's rate of 6.75%, the estimated monthly payment is approximately $2,138.
Monthly Payment
$2,138
Income Required
$91,621
Principal & Interest
$1,599/mo
Down Payment (5%)
$12,973
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 75662.
Estimated Monthly Payment
$1,756
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