DECATUR Mortgage Rates & Closing Costs

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    • 30yr Fixed Rate 15yr Fixed Rate FHA USDA VA 5/1 ARM

    30 Year Fixed Rate mortgages in Decatur averaged 6.77% for the week of 2024-11-14, compared to the national average of 6.78% for the same period.

    The average rate for the prior week (2024-11-07) was 6.88% and one month ago for the week of 2024-10-10, the average rate was 6.31%.

    Decatur's average rate one year ago was 7.39%.

    For refis of the same type during the week of 2024-11-14, the average rate was 7.18%.

    Loan Type Date Rate
    US 30 Year Fixed Rate 2024-11-14 6.78%
    Decatur 30 Year Fixed Rate 2024-11-14 6.77%
    Decatur 30 Year Fixed Rate Refi 2024-11-14 7.18%
    Decatur 15 Year Fixed Rate 2024-11-14 6.09%
    Decatur 15 Year Fixed Rate Refi 2024-11-14 5.99%
    Decatur 30 Year FHA 2024-11-14 -0.08%
    Decatur 30 Year FHA Refi 2024-11-14 0.1%
    Decatur 30 Year USDA 2024-11-14 0%
    Decatur 30 Year USDA Refi 2024-11-14 0%
    Decatur 30 Year VA 2024-11-14 0.31%
    Decatur 30 Year VA Refi 2024-11-14 0.1%
    Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations within DECATUR, IL.

    DECATUR Top Lenders by Rates & Fees

    The below table looks at the consensus average rates and fees provided by each lender, for only loans originated in the DECATUR, IL market. This includes FHA, Conventional, USDA and VA loans, as well as refis. All terms in the below chart are 30 year fixed rate. Unless noted otherwise, other data is all inclusive (FHA, ARM, 15-yr, etc.).

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    CROSSCOUNTRY MORTGAGE, LLC 50 7.00% $5,373
    Busey Bank 39 6.40% $2,797
    Heartland Bank and Trust Company 38 6.63% $2,425
    FLAT BRANCH MORTGAGE, INC. 34 6.98% $3,034
    DRAPER AND KRAMER MORTGAGE CORP. 29 6.53% $2,984
    CITIZENS EQUITY FIRST 27 6.59% $1,667
    QUICKEN LOANS, LLC 27 6.94% $5,287
    Prairie State Bank and Trust 24 6.79% $1,599
    Regions Bank 22 7.07% $3,242
    FIRST STATE MORTGAGE SERVICES, LLC 15 6.56% $3,058
    PNC Bank 10 6.84% $3,420
    JPMorgan Chase Bank 8 6.78% $2,924
    ZILLOW HOME LOANS, LLC 6 6.79% $4,499
    DAS Acquisition Company, LLC 5 6.88% $3,376
    AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 5 6.77% $4,597
    INB 5 7.55% $2,517
    First Mid Bank & Trust 5 6.50% $2,171
    Blue Ridge Bank 4 6.63% $3,014
    CIBM Bank 4 6.84% $3,382
    Wells Fargo Bank 4 6.25% $2,631
    DECATUR EARTHMOVER CREDIT UNION 4 6.60% $2,543
    U.S. Bank 3 7.00% $2,687
    DIAMOND RESIDENTIAL MORTGAGE CORPORATION 3 6.33% $3,370
    UNITED WHOLESALE MORTGAGE, LLC 3 6.93% $4,093
    The Huntington National Bank 3 6.42% $2,251
    PRIMELENDING, A PLAINSCAPITAL COMPANY 2 7.13% $2,923
    1ST MIDAMERICA 2 6.94% $2,248
    COMPASS MORTGAGE, INC. 2 6.88% $4,527
    AMERISAVE MORTGAGE CORPORATION 2 6.31% $6,394
    Farm Credit Mid-America, ACA 2 7.13% $8,706
    Barrington Bank & Trust Company, N.A. 2 7.56% $4,443
    BETTER MORTGAGE CORPORATION 2 6.50% $5,485
    CHURCHILL MORTGAGE CORPORATION 2 7.00% $6,070
    ROYAL UNITED MORTGAGE LLC 2 6.88% $7,049
    Stifel Bank and Trust 2 5.75% $2,047
    CALIBER HOME LOANS, INC. 2 6.56% $4,354
    GUARANTEED RATE, INC. 2 6.69% $5,057
    UNIVERSITY OF ILLINOIS COMMUNITY 2 6.25% $1,913
    USAA Federal Savings Bank 2 7.00% $5,287
    GUILD MORTGAGE COMPANY 2 6.56% $3,697
    Morton Community Bank 1 7.13% $2,271
    ALLIANT CREDIT UNION 1 7.63% $3,971
    Allied First Bank,sb 1 7.49% $6,145
    Ally Bank 1 5.25% $6,364
    AMCAP MORTGAGE, LTD. 1 6.63% $4,859
    AMERICAN FINANCE HOUSE LARIBA 1 7.34% $5,289
    AMERICAN PACIFIC MORTGAGE CORPORATION 1 6.38% $2,972
    Carrollton Bank 1 6.75% $2,927
    Citibank 1 7.63% $3,107
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 1 6.99% $4,805
    First Bankers Trust Company 1 6.00% $2,106
    FIRST CENTENNIAL MORTGAGE CORPORATION 1 6.63% $3,763
    First Farmers Bank and Trust Company 1 7.13% $3,440
    Flagstar Bank, FSB 1 8.63% $2,513
    GREENSTATE CREDIT UNION 1 6.99% $2,794
    HOMESIDE FINANCIAL, LLC 1 6.63% $2,773
    IAA Credit Union 1 6.25% $2,430
    ILLINOIS STATE CREDIT UNION 1 5.88% $2,559
    LOANDEPOT.COM, LLC 1 6.63% $4,273
    MEMBER FIRST MORTGAGE, LLC 1 7.00% $2,844
    Mortgage Research Center, LLC 1 7.38% $3,047
    1786 1 6.75% $1,891
    Mr. Cooper ( Nationstar Mortgage ) 1 7.49% $6,422
    Nations Lending Corporation 1 7.38% $3,149
    NAVY FEDERAL CREDIT UNION 1 7.25% $2,974
    Neighborhood Loans, Inc. 1 6.38% $4,040
    NEWREZ LLC 1 6.99% $6,572
    Old National Bank 1 6.50% $2,814
    Pacor Mortgage Corp 1 6.38% $3,146
    Paramount Residential Mortgage Group, Inc. 1 8.13% $5,172
    Peoples National Bank , N.A. 1 7.00% $3,098
    Petefish, Skiles & Co. 1 7.50% $3,794
    PROVIDENT FUNDING ASSOCIATES, L.P. 1 6.75% $2,348
    PURDUE FEDERAL CREDIT UNION 1 5.63% $3,068
    SCOTT CREDIT UNION 1 6.50% $2,149
    STOCKTON MORTGAGE CORPORATION 1 6.75% $7,942
    The Federal Savings Bank 1 6.38% $7,268

    DECATUR Average Closing Costs & Other Stats

    DECATUR, IL's 77 lenders originated 1,455 loans during 2023. The total origination value was $176,325,000, with an average loan value of $121,186.

    DECATUR's average closing costs are $3,267.

    The top DECATUR lender as defined by loan originations is CROSSCOUNTRY MORTGAGE, LLC, with 50 loans originated. Their average total fees are $5,373, which is $2,576 higher than the next largest lender, Busey Bank.

    The lowest fee DECATUR lenders (with over 10 loans originated) are Prairie State Bank and Trust ($1,599), CITIZENS EQUITY FIRST ($1,667), Heartland Bank and Trust Company ($2,425), Busey Bank ($2,797) and DRAPER AND KRAMER MORTGAGE CORP. ($2,984).

    The lowest rate DECATUR lenders (with over 10 loans originated) are Busey Bank (6.40%), DRAPER AND KRAMER MORTGAGE CORP. (6.53%), FIRST STATE MORTGAGE SERVICES, LLC (6.56%), CITIZENS EQUITY FIRST (6.59%) and Heartland Bank and Trust Company (6.63%).

    DECATUR, IL Mortgage Market Share & Volume

    Loan origination value is a good proxy for a lender's prominence within the market. The general assumption is that larger lenders will have more resources, but may spend more (and therefore charge more) on marketing and overhead expenses.

    Name 2022 Loan Value 2023 Loan Value % Change 2023 Market Share
    CROSSCOUNTRY MORTGAGE, LLC $13,165,000 $13,935,000 5.8% 7.9%
    FLAT BRANCH MORTGAGE, INC. $7,505,000 $11,785,000 57.0% 6.7%
    Hickory Point Bank and Trust $7,390,000 $10,200,000 38.0% 5.8%
    Heartland Bank and Trust Company $810,000 $8,930,000 1,002.5% 5.1%
    QUICKEN LOANS, LLC $13,680,000 $8,920,000 -34.8% 5.1%
    Mortgage Research Center, LLC $6,250,000 $7,715,000 23.4% 4.4%
    First National Bank of Pana $7,690,000 n/a 4.4%
    Regions Bank $12,420,000 $7,405,000 -40.4% 4.2%
    Busey Bank $13,570,000 $7,225,000 -46.8% 4.1%
    Prairie State Bank and Trust $14,900,000 $6,595,000 -55.7% 3.7%
    DRAPER AND KRAMER MORTGAGE CORP. $8,365,000 $6,225,000 -25.6% 3.5%
    CITIZENS EQUITY FIRST $8,030,000 $6,135,000 -23.6% 3.5%
    FIRST STATE MORTGAGE SERVICES, LLC $4,610,000 $4,145,000 -10.1% 2.4%
    Land of Lincoln Credit Union $4,965,000 $4,070,000 -18.0% 2.3%
    PNC Bank $5,630,000 $4,010,000 -28.8% 2.3%
    DECATUR EARTHMOVER CREDIT UNION $4,785,000 $2,925,000 -38.9% 1.7%
    Buena Vista National Bank $4,025,000 $2,915,000 -27.6% 1.7%
    Scott State Bank $5,130,000 $2,740,000 -46.6% 1.6%
    JPMorgan Chase Bank $4,015,000 $2,260,000 -43.7% 1.3%
    First Mid Bank & Trust $8,625,000 $2,115,000 -75.5% 1.2%
    Iroquois Federal Savings and Loan Association $545,000 $1,990,000 265.1% 1.1%
    INB $1,090,000 $1,780,000 63.3% 1.0%
    Flanagan State Bank $1,770,000 n/a 1.0%
    U.S. Bank $2,195,000 $1,610,000 -26.7% 0.9%
    Peoples National Bank , N.A. $1,580,000 n/a 0.9%
    AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC $415,000 $1,365,000 228.9% 0.8%
    Farm Credit Mid-America, ACA $695,000 $1,215,000 74.8% 0.7%
    UNITED WHOLESALE MORTGAGE, LLC $1,230,000 $1,180,000 -4.1% 0.7%
    Flagstar Bank, FSB $970,000 $1,035,000 6.7% 0.6%
    ZILLOW HOME LOANS, LLC $355,000 $1,035,000 191.5% 0.6%
    Wells Fargo Bank $2,790,000 $1,010,000 -63.8% 0.6%
    CIBM Bank $440,000 $975,000 121.6% 0.6%
    CALIBER HOME LOANS, INC. $335,000 $955,000 185.1% 0.5%
    PENNYMAC LOAN SERVICES, LLC $580,000 $955,000 64.7% 0.5%
    The Huntington National Bank $3,100,000 $950,000 -69.4% 0.5%
    AMERISAVE MORTGAGE CORPORATION $1,045,000 $940,000 -10.0% 0.5%
    Barrington Bank & Trust Company, N.A. $125,000 $830,000 564.0% 0.5%
    MYCUMORTGAGE, LLC $425,000 $785,000 84.7% 0.4%
    MOVEMENT MORTGAGE, LLC $195,000 $755,000 287.2% 0.4%
    GUARANTEED RATE, INC. $465,000 $725,000 55.9% 0.4%
    BROKER SOLUTIONS, INC. $835,000 $695,000 -16.8% 0.4%
    The Fisher National Bank $155,000 $675,000 335.5% 0.4%
    USAA Federal Savings Bank $1,375,000 $630,000 -54.2% 0.4%
    AMCAP MORTGAGE, LTD. $605,000 n/a 0.3%
    Mutual Federal Bank $600,000 n/a 0.3%
    ROYAL UNITED MORTGAGE LLC $315,000 $590,000 87.3% 0.3%
    NAVY FEDERAL CREDIT UNION $1,655,000 $560,000 -66.2% 0.3%
    LOANDEPOT.COM, LLC $680,000 $550,000 -19.1% 0.3%
    FREEDOM MORTGAGE CORPORATION $1,175,000 $535,000 -54.5% 0.3%
    PENTAGON FEDERAL CREDIT UNION $430,000 $525,000 22.1% 0.3%
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION $1,240,000 $505,000 -59.3% 0.3%
    Blue Ridge Bank $490,000 n/a 0.3%
    AMERICAN PACIFIC MORTGAGE CORPORATION $510,000 $485,000 -4.9% 0.3%
    NEWREZ LLC $835,000 $475,000 -43.1% 0.3%
    DIAMOND RESIDENTIAL MORTGAGE CORPORATION $465,000 $455,000 -2.2% 0.3%
    Mr. Cooper ( Nationstar Mortgage ) $1,170,000 $455,000 -61.1% 0.3%
    CHURCHILL MORTGAGE CORPORATION $155,000 $430,000 177.4% 0.2%
    Bank of Springfield $380,000 $400,000 5.3% 0.2%
    DAS Acquisition Company, LLC $270,000 $385,000 42.6% 0.2%
    COMPASS MORTGAGE, INC. $380,000 n/a 0.2%
    First State Bank $1,220,000 $380,000 -68.9% 0.2%
    GREENSTATE CREDIT UNION $80,000 $370,000 362.5% 0.2%
    Ixonia Bank $345,000 n/a 0.2%
    SCOTT CREDIT UNION $255,000 $345,000 35.3% 0.2%
    VELOCITY COMMERCIAL CAPITAL, LLC $135,000 $335,000 148.1% 0.2%
    First Savings Bank $325,000 n/a 0.2%
    UNIVERSITY OF ILLINOIS COMMUNITY $230,000 $320,000 39.1% 0.2%
    PURDUE FEDERAL CREDIT UNION $165,000 $315,000 90.9% 0.2%
    The Federal Savings Bank $85,000 $310,000 264.7% 0.2%
    Goldwater Bank, N.A. $305,000 n/a 0.2%
    Morton Community Bank $1,765,000 $305,000 -82.7% 0.2%
    GUILD MORTGAGE COMPANY $170,000 $300,000 76.5% 0.2%
    PROVIDENT FUNDING ASSOCIATES, L.P. $295,000 n/a 0.2%
    BETTER MORTGAGE CORPORATION $270,000 n/a 0.2%
    21ST MORTGAGE CORPORATION $300,000 $265,000 -11.7% 0.2%
    ENDEAVOR CAPITAL, LLC. $645,000 $260,000 -59.7% 0.1%
    BMO Harris Bank $125,000 $250,000 100.0% 0.1%
    The Peoples State Bank of Newton, Illinois $125,000 $245,000 96.0% 0.1%
    MUTUAL OF OMAHA MORTGAGE, INC. $225,000 n/a 0.1%
    Petefish, Skiles & Co. $335,000 $225,000 -32.8% 0.1%
    Stifel Bank and Trust $220,000 n/a 0.1%
    AMERICAN FINANCING CORPORATION $190,000 $210,000 10.5% 0.1%
    ILLINOIS STATE CREDIT UNION $270,000 $205,000 -24.1% 0.1%
    West Central Bank $25,000 $195,000 680.0% 0.1%
    Discover Bank $130,000 $185,000 42.3% 0.1%
    United Community Bank $180,000 $185,000 2.8% 0.1%
    Allied First Bank,sb $175,000 n/a 0.1%
    First Merchants Bank $175,000 n/a 0.1%
    NFM, INC. $240,000 $175,000 -27.1% 0.1%
    Servion, Inc. $175,000 n/a 0.1%
    AMERICAN FINANCE HOUSE LARIBA $165,000 n/a 0.1%
    ARK-LA-TEX FINANCIAL SERVICES, LLC. $165,000 n/a 0.1%
    MORIA DEVELOPMENT, INC. $165,000 n/a 0.1%
    Old National Bank $165,000 n/a 0.1%
    Pacor Mortgage Corp $165,000 n/a 0.1%
    PRIMELENDING, A PLAINSCAPITAL COMPANY $685,000 $160,000 -76.6% 0.1%
    Fortress Bank $300,000 $155,000 -48.3% 0.1%
    SPRING EQ, LLC $25,000 $155,000 520.0% 0.1%
    1ST MIDAMERICA $545,000 $150,000 -72.5% 0.1%
    Carrollton Bank $215,000 $145,000 -32.6% 0.1%
    Community Mortgage Banc Corporation $200,000 $145,000 -27.5% 0.1%
    First Bankers Trust Company $145,000 n/a 0.1%
    First Farmers Bank and Trust Company $145,000 n/a 0.1%
    Hometown Equity Mortgage, LLC $85,000 $145,000 70.6% 0.1%
    NEW DAY FINANCIAL, LLC $930,000 $145,000 -84.4% 0.1%
    The Gifford State Bank $145,000 n/a 0.1%
    Ally Bank $145,000 $135,000 -6.9% 0.1%
    Associated Bank $135,000 n/a 0.1%
    Catlin Bank $135,000 n/a 0.1%
    IAA Credit Union $210,000 $135,000 -35.7% 0.1%
    Coastal Community Bank $130,000 n/a 0.1%
    Neighborhood Loans, Inc. $205,000 $130,000 -36.6% 0.1%
    1786 $125,000 n/a 0.1%
    CARDINAL FINANCIAL $155,000 $125,000 -19.4% 0.1%
    DEEPHAVEN MORTGAGE LLC $125,000 n/a 0.1%
    HOMESIDE FINANCIAL, LLC $65,000 $125,000 92.3% 0.1%
    Nations Lending Corporation $240,000 $125,000 -47.9% 0.1%
    STOCKTON MORTGAGE CORPORATION $125,000 n/a 0.1%
    ALLIANT CREDIT UNION $235,000 $105,000 -55.3% 0.1%
    Armed Forces Bank $115,000 $105,000 -8.7% 0.1%
    First State Bank of Forrest $290,000 $105,000 -63.8% 0.1%
    LAKEVIEW LOAN SERVICING, LLC $180,000 $105,000 -41.7% 0.1%
    Paramount Residential Mortgage Group, Inc. $115,000 $105,000 -8.7% 0.1%
    Marine Bank $485,000 $100,000 -79.4% 0.1%
    Citibank $190,000 $95,000 -50.0% 0.1%
    PLAZA HOME MORTGAGE, INC. $95,000 n/a 0.1%
    Figure Lending LLC $140,000 $85,000 -39.3% 0.0%
    First State Bank of St. Charles, Missouri $85,000 n/a 0.0%
    MEMBER FIRST MORTGAGE, LLC $85,000 n/a 0.0%
    Citizens Bank $75,000 n/a 0.0%
    FIRST CENTENNIAL MORTGAGE CORPORATION $125,000 $75,000 -40.0% 0.0%
    HighTechLending Inc $75,000 n/a 0.0%
    TRIAD FINANCIAL SERVICES, INC. $240,000 $75,000 -68.8% 0.0%
    LIMA ONE CAPITAL, LLC $65,000 n/a 0.0%
    Prospect Bank $65,000 n/a 0.0%
    Secured Investment Corp. $65,000 n/a 0.0%
    DUPACO COMMUNITY $45,000 n/a 0.0%
    State Bank of Bement $35,000 n/a 0.0%
    Home Loan Investment Bank, F.S.B. $40,000 $25,000 -37.5% 0.0%
    Lake City Bank $15,000 n/a 0.0%

    DECATUR's top lender by overall market share is CROSSCOUNTRY MORTGAGE, LLC, with 7.9% market share. In second place, with 6.7%, is FLAT BRANCH MORTGAGE, INC., having originated $11,785,000 in loans. In third place, with 5.8%, is Hickory Point Bank and Trust, having originated $10,200,000 in loans. In fourth place, with 5.1%, is Heartland Bank and Trust Company, having originated $8,930,000 in loans. In fifth place, with 5.1%, is QUICKEN LOANS, LLC, having originated $8,920,000 in loans.

    DECATUR Housing Market Trends (Median, Average Prices & Listing Count)

    Realtor.com - DECATUR (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Price (YoY Change) Average Listing Price (YoY) MSA/US Median Price Ratio Active Listings
    2018-01-01 $89,950 (-0.5%) $117,494 (-9.5%) 0.00 601
    2018-02-01 $90,825 (1.0%) $122,312 (-4.9%) 0.00 577
    2018-03-01 $89,900 (0.0%) $122,802 (-5.1%) 0.00 566
    2018-04-01 $97,025 (2.5%) $128,191 (-3.8%) 0.00 563
    2018-05-01 $98,050 (0.2%) $130,039 (-6.4%) 0.00 569
    2018-06-01 $97,200 (-2.7%) $131,640 (-5.9%) 0.00 559
    2018-07-01 $97,000 (-1.9%) $131,579 (0.1%) 0.00 600
    2018-08-01 $97,200 (-2.4%) $138,199 (3.9%) 0.00 614
    2018-09-01 $89,900 (-8.9%) $133,747 (2.3%) 0.00 602
    2018-10-01 $90,750 (0.1%) $135,114 (8.7%) 0.00 580
    2018-11-01 $94,800 (1.5%) $134,431 (8.1%) 0.00 558
    2018-12-01 $93,500 (4.0%) $134,187 (12.5%) 0.00 512
    2019-01-01 $94,200 (4.7%) $135,809 (15.6%) 0.00 471
    2019-02-01 $104,675 (15.3%) $144,057 (17.8%) 0.00 432
    2019-03-01 $104,657 (16.4%) $143,316 (16.7%) 0.00 429
    2019-04-01 $112,949 (16.4%) $148,093 (15.5%) 0.00 428
    2019-05-01 $114,599 (16.9%) $157,527 (21.1%) 0.00 441
    2019-06-01 $112,500 (15.7%) $156,023 (18.5%) 0.00 472
    2019-07-01 $109,950 (13.4%) $150,792 (14.6%) 0.00 549
    2019-08-01 $109,740 (12.9%) $147,694 (6.9%) 0.00 549
    2019-09-01 $109,577 (21.9%) $146,502 (9.5%) 0.00 532
    2019-10-01 $107,225 (18.2%) $145,708 (7.8%) 0.00 519
    2019-11-01 $99,900 (5.4%) $139,844 (4.0%) 0.00 478
    2019-12-01 $99,375 (6.3%) $138,903 (3.5%) 0.00 418
    2020-01-01 $94,925 (0.8%) $131,532 (-3.2%) 0.00 380
    2020-02-01 $98,900 (-5.5%) $132,871 (-7.8%) 0.00 342
    2020-03-01 $108,625 (3.8%) $140,171 (-2.2%) 0.00 340
    2020-04-01 $106,725 (-5.5%) $139,147 (-6.0%) 0.00 321
    2020-05-01 $112,500 (-1.8%) $147,561 (-6.3%) 0.00 293
    2020-06-01 $116,700 (3.7%) $158,407 (1.5%) 0.00 255
    2020-07-01 $110,650 (0.6%) $150,328 (-0.3%) 0.00 284
    2020-08-01 $102,000 (-7.1%) $147,649 (0.0%) 0.00 267
    2020-09-01 $104,700 (-4.5%) $145,028 (-1.0%) 0.00 248
    2020-10-01 $100,000 (-6.7%) $143,406 (-1.6%) 0.00 226
    2020-11-01 $96,225 (-3.7%) $135,716 (-3.0%) 0.00 238
    2020-12-01 $89,900 (-9.5%) $129,456 (-6.8%) 0.00 230
    2021-01-01 $89,900 (-5.3%) $128,739 (-2.1%) 0.00 210
    2021-02-01 $91,750 (-7.2%) $133,378 (0.4%) 0.00 180
    2021-03-01 $97,425 (-10.3%) $140,546 (0.3%) 0.00 153
    2021-04-01 $86,125 (-19.3%) $142,293 (2.3%) 0.00 137
    2021-05-01 $99,899 (-11.2%) $168,052 (13.9%) 0.00 145
    2021-06-01 $99,650 (-14.6%) $178,860 (12.9%) 0.00 142
    2021-07-01 $87,000 (-21.4%) $171,271 (13.9%) 0.00 155
    2021-08-01 $89,900 (-11.9%) $169,423 (14.8%) 0.00 170
    2021-09-01 $99,900 (-4.6%) $176,105 (21.4%) 0.00 188
    2021-10-01 $109,900 (9.9%) $163,645 (14.1%) 0.00 182
    2021-11-01 $102,974 (7.0%) $155,653 (14.7%) 0.00 168
    2021-12-01 $98,897 (10.0%) $153,655 (18.7%) 0.00 166
    2022-01-01 $89,900 (0.0%) $140,101 (8.8%) 0.00 147
    2022-02-01 $89,900 (-2.0%) $144,897 (8.6%) 0.00 139
    2022-03-01 $87,225 (-10.5%) $148,165 (5.4%) 0.00 128
    2022-04-01 $89,897 (4.4%) $167,609 (17.8%) 0.00 140
    2022-05-01 $115,450 (15.6%) $181,056 (7.7%) 0.00 142
    2022-06-01 $124,925 (25.4%) $187,877 (5.0%) 0.00 146
    2022-07-01 $125,000 (43.7%) $183,767 (7.3%) 0.00 169
    2022-08-01 $126,550 (40.8%) $176,048 (3.9%) 0.00 174
    2022-09-01 $125,900 (26.0%) $174,441 (-0.9%) 0.00 184
    2022-10-01 $126,000 (14.7%) $176,076 (7.6%) 0.00 187
    2022-11-01 $127,450 (23.8%) $175,228 (12.6%) 0.00 173
    2022-12-01 $119,900 (21.2%) $168,424 (9.6%) 0.00 146
    2023-01-01 $118,675 (32.0%) $177,173 (26.5%) 0.00 136
    2023-02-01 $117,200 (30.4%) $189,880 (31.0%) 0.00 122
    2023-03-01 $123,700 (41.8%) $198,324 (33.9%) 0.00 104
    2023-04-01 $125,000 (39.1%) $209,976 (25.3%) 0.00 100
    2023-05-01 $160,675 (39.2%) $230,434 (27.3%) 0.00 105
    2023-06-01 $149,899 (20.0%) $224,173 (19.3%) 0.00 122
    2023-07-01 $144,897 (15.9%) $222,627 (21.2%) 0.00 125
    2023-08-01 $147,725 (16.7%) $213,318 (21.2%) 0.00 151
    2023-09-01 $156,950 (24.7%) $219,353 (25.8%) 0.00 147
    2023-10-01 $155,950 (23.8%) $221,671 (25.9%) 0.00 169
    2023-11-01 $164,225 (28.9%) $224,376 (28.1%) 0.00 166
    2023-12-01 $144,700 (20.7%) $206,609 (22.7%) 0.00 162
    2024-01-01 $146,075 (23.1%) $210,558 (18.8%) 0.00 154
    2024-02-01 $154,950 (32.2%) $210,614 (10.9%) 0.00 153
    2024-03-01 $149,900 (21.2%) $231,841 (16.9%) 0.00 125
    2024-04-01 $159,950 (28.0%) $248,285 (18.2%) 0.00 132
    2024-05-01 $154,725 (-3.7%) $244,288 (6.0%) 0.00 151
    2024-06-01 $139,900 (-6.7%) $218,216 (-2.7%) 0.00 166
    2024-07-01 $154,900 (6.9%) $216,908 (-2.6%) 0.00 173
    2024-08-01 $160,467 (8.6%) $221,783 (4.0%) 0.00 189
    2024-09-01 $161,633 (3.0%) $217,497 (-0.9%) 0.00 184
    2024-10-01 $154,950 (-0.6%) $218,013 (-1.7%) 0.00 181
    DECATUR's median listing price for 2024-10-01 was $154,950, a difference of $-1,000 (-0.6%) versus the prior year and $-6,683 versus the prior month.

    DECATUR's median listing price comes in at 0% of the national average.

    DECATUR's average listing price for 2024-10-01 was $218,013, a difference of $-3,658 (-1.7%) versus the prior year and $516 versus the prior month.

    For the 2024-10-01 period, DECATUR had 181 MLS listings, a difference of -3 listings (-2%) versus the prior month and 12 listings (7%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - DECATUR (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 1,612 sqft
    2018-02-01 0 days 1,638 sqft
    2018-03-01 0 days 1,649 sqft
    2018-04-01 0 days 1,720 sqft
    2018-05-01 0 days 1,692 sqft
    2018-06-01 0 days 1,717 sqft
    2018-07-01 0 days 1,665 sqft
    2018-08-01 0 days 1,665 sqft
    2018-09-01 0 days 1,656 sqft
    2018-10-01 0 days 1,663 sqft
    2018-11-01 0 days 1,655 sqft
    2018-12-01 0 days 1,636 sqft
    2019-01-01 0 days 1,639 sqft
    2019-02-01 0 days 1,742 sqft
    2019-03-01 0 days 1,751 sqft
    2019-04-01 0 days 1,788 sqft
    2019-05-01 0 days 1,795 sqft
    2019-06-01 0 days 1,795 sqft
    2019-07-01 0 days 1,767 sqft
    2019-08-01 0 days 1,763 sqft
    2019-09-01 0 days 1,766 sqft
    2019-10-01 0 days 1,765 sqft
    2019-11-01 0 days 1,728 sqft
    2019-12-01 0 days 1,696 sqft
    2020-01-01 0 days 1,665 sqft
    2020-02-01 0 days 1,691 sqft
    2020-03-01 0 days 1,790 sqft
    2020-04-01 0 days 1,739 sqft
    2020-05-01 0 days 1,777 sqft
    2020-06-01 0 days 1,847 sqft
    2020-07-01 0 days 1,757 sqft
    2020-08-01 0 days 1,760 sqft
    2020-09-01 0 days 1,799 sqft
    2020-10-01 0 days 1,797 sqft
    2020-11-01 0 days 1,714 sqft
    2020-12-01 0 days 1,634 sqft
    2021-01-01 0 days 1,561 sqft
    2021-02-01 0 days 1,594 sqft
    2021-03-01 0 days 1,628 sqft
    2021-04-01 0 days 1,623 sqft
    2021-05-01 0 days 1,709 sqft
    2021-06-01 0 days 1,674 sqft
    2021-07-01 0 days 1,661 sqft
    2021-08-01 0 days 1,654 sqft
    2021-09-01 0 days 1,628 sqft
    2021-10-01 0 days 1,633 sqft
    2021-11-01 0 days 1,513 sqft
    2021-12-01 0 days 1,595 sqft
    2022-01-01 0 days 1,488 sqft
    2022-02-01 0 days 1,443 sqft
    2022-03-01 0 days 1,427 sqft
    2022-04-01 0 days 1,316 sqft
    2022-05-01 0 days 1,530 sqft
    2022-06-01 0 days 1,780 sqft
    2022-07-01 0 days 1,758 sqft
    2022-08-01 0 days 1,874 sqft
    2022-09-01 0 days 2,125 sqft
    2022-10-01 0 days 2,082 sqft
    2022-11-01 0 days 1,735 sqft
    2022-12-01 0 days 1,712 sqft
    2023-01-01 0 days 1,634 sqft
    2023-02-01 0 days 1,605 sqft
    2023-03-01 0 days 1,573 sqft
    2023-04-01 0 days 1,648 sqft
    2023-05-01 0 days 1,847 sqft
    2023-06-01 0 days 1,781 sqft
    2023-07-01 0 days 1,740 sqft
    2023-08-01 0 days 1,710 sqft
    2023-09-01 0 days 1,740 sqft
    2023-10-01 0 days 1,828 sqft
    2023-11-01 0 days 1,866 sqft
    2023-12-01 0 days 1,680 sqft
    2024-01-01 0 days 1,749 sqft
    2024-02-01 0 days 1,739 sqft
    2024-03-01 0 days 1,745 sqft
    2024-04-01 0 days 1,855 sqft
    2024-05-01 0 days 1,790 sqft
    2024-06-01 0 days 1,750 sqft
    2024-07-01 0 days 1,724 sqft
    2024-08-01 0 days 1,773 sqft
    2024-09-01 0 days 1,801 sqft
    2024-10-01 0 days 1,806 sqft
    DECATUR's median listing age (time on market) for 2024-10-01 was 0 days.

    DECATUR's median square footage for active listings during the 2024-10-01 period was 1,806 sqft. One year prior, the average listing was 1,828 sqft.

    DECATUR, IL Average Rent (2023)

    Zoom/scroll map to see average rent by zip code. Subscribers can configure state/metro/county granularity, assorted fields and quantity of results.

    For additional perspective within a market, below is information regarding the average rents (as defined by HUD) for zip codes within the metro area. Descriptive statistics (average, median) are shown below the table.
    Zip Code Metro Studio Apartment Rent 1BR Apartment Rent 2BR Apartment Rent 3BR Apartment Rent 4BR Apartment Rent
    61749 Decatur, IL MSA $600 $700 $860 $1,200 $1,270
    61756 Decatur, IL MSA $550 $640 $790 $1,100 $1,170
    61818 Decatur, IL MSA $750 $750 $880 $1,130 $1,200
    61830 Decatur, IL MSA $760 $760 $900 $1,170 $1,210
    61882 Decatur, IL MSA $750 $750 $920 $1,280 $1,360
    61914 Decatur, IL MSA $600 $700 $860 $1,200 $1,270
    61925 Decatur, IL MSA $740 $870 $1,080 $1,500 $1,570
    61937 Decatur, IL MSA $750 $750 $880 $1,130 $1,200
    62501 Decatur, IL MSA $640 $750 $920 $1,280 $1,360
    62513 Decatur, IL MSA $790 $920 $1,130 $1,570 $1,670
    62514 Decatur, IL MSA $560 $650 $790 $1,110 $1,180
    62521 Decatur, IL MSA $640 $750 $920 $1,280 $1,360
    62522 Decatur, IL MSA $620 $730 $890 $1,240 $1,320
    62523 Decatur, IL MSA $540 $630 $770 $1,090 $1,160
    62524 Decatur, IL MSA $600 $700 $860 $1,200 $1,270
    62525 Decatur, IL MSA $600 $700 $860 $1,200 $1,270
    62526 Decatur, IL MSA $610 $710 $870 $1,210 $1,290
    62532 Decatur, IL MSA $590 $690 $850 $1,190 $1,260
    62535 Decatur, IL MSA $900 $1,050 $1,290 $1,800 $1,910
    62537 Decatur, IL MSA $600 $700 $860 $1,200 $1,270
    62539 Decatur, IL MSA $580 $710 $870 $1,140 $1,200
    62543 Decatur, IL MSA $540 $630 $770 $1,090 $1,160
    62544 Decatur, IL MSA $540 $630 $770 $1,090 $1,160
    62547 Decatur, IL MSA $660 $770 $940 $1,310 $1,390
    62549 Decatur, IL MSA $590 $690 $840 $1,170 $1,240
    62550 Decatur, IL MSA $680 $790 $970 $1,350 $1,440
    62551 Decatur, IL MSA $540 $630 $770 $1,090 $1,160
    62554 Decatur, IL MSA $650 $760 $930 $1,290 $1,380
    62573 Decatur, IL MSA $540 $630 $770 $1,090 $1,160

    2022 Average & Median Rent Data Statistics
    DECATUR, IL average 1BR rent: $729, median: $710
    DECATUR, IL average 2BR rent: $890, median: $870
    DECATUR, IL average 3BR rent: $1,231, median: $1,200

    DECATUR, IL Market Loan Reason

    Loan Purpose Originations Total Value Average Loan
    Home Purchase 1,092 $146,590,000 $134,240
    Cash Out Refi 122 $13,990,000 $114,672
    Other 100 $5,430,000 $54,300
    Home Improvement 81 $4,445,000 $54,877
    Refi 60 $5,870,000 $97,833

    Decatur's most frequently cited loan purpose was Home Purchase, with 1,092 originations. The 2nd most popular reason was Cash Out Refi, with 122 originations.

    Interest Rate Frequencies

    Loan Rate Originations Total Value Average Loan
    6-7% 494 $69,650,000 $140,992
    7-8% 348 $43,920,000 $126,207
    5-6% 175 $22,105,000 $126,314
    Over 8% 140 $9,840,000 $70,286
    <2.5% 27 $175,000 $6,481
    3-4% 4 $60,000 $15,000
    4-5% 2 $320,000 $160,000
    2.5-3% 1 $45,000 $45,000

    During 2023, Decatur's most frequently originated rate bucket was 6-7%, with 494 originations.

    Loan Sizing (DECATUR, IL MSA)

    Loan Size Originations Total Value Average Loan
    $100,000 or less 730 $39,700,000 $54,384
    $100k-200k 518 $71,730,000 $138,475
    $200k-400k 175 $46,655,000 $266,600
    $400k-600k 25 $11,975,000 $479,000
    $600k-1000k 5 $3,375,000 $675,000
    $Over $1MM 2 $2,890,000 $1,445,000

    DECATUR's loan sizing saw the bucket of loans from $100,000 or less with 730 originations, totaling $39,700,000 in origination value.

    LTV Distribution

    Loan to Value Originations Total Value Average Loan
    80-100% 703 $103,505,000 $147,233
    60-80% 228 $28,660,000 $125,702
    20-40% 100 $5,140,000 $51,400
    Under 20% 87 $1,725,000 $19,828
    40-60% 62 $4,800,000 $77,419
    Over 100% 9 $2,105,000 $233,889

    DECATUR's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 703 originations, totaling $103,505,000 in origination value.