JACKSON Mortgage Rates & Closing Costs
30yr Fixed Rate
15yr Fixed Rate
FHA
USDA
VA
5/1 ARM
30 Year Fixed Rate mortgages in Jackson averaged
7.18%
for the week of 2024-04-11, compared to the national average of
6.88% for the same period.
The average rate for the prior week (2024-04-04) was
6.92% and
one month ago for the week of 2024-03-07, the
average rate was 6.98%.
Jackson's average rate one year ago was 6.38%.
For refis of the same type during the week of 2024-04-11, the average rate
was 7.28%.
| Loan Type | Date | Rate |
|---|---|---|
| US 30 Year Fixed Rate | 2024-04-11 | 6.88% |
| Jackson 30 Year Fixed Rate | 2024-04-11 | 7.18% |
| Jackson 30 Year Fixed Rate Refi | 2024-04-11 | 7.28% |
| Jackson 15 Year Fixed Rate | 2024-04-11 | 6.06% |
| Jackson 15 Year Fixed Rate Refi | 2024-04-11 | 6.46% |
| Jackson 30 Year FHA | 2024-04-11 | 6.96% |
| Jackson 30 Year FHA Refi | 2024-04-11 | 6.64% |
| Jackson 30 Year USDA | 2024-04-11 | 6.81% |
| Jackson 30 Year USDA Refi | 2024-04-11 | 6.51% |
| Jackson 30 Year VA | 2024-04-11 | 6.8% |
| Jackson 30 Year VA Refi | 2024-04-11 | 6.37% |
Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations within JACKSON, MI.
JACKSON 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 JACKSON, MI 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.).
JACKSON Average Closing Costs & Other Stats
JACKSON, MI's 126 lenders originated 2,948
loans during 2023. The total origination value was $470,660,000, with an average loan value of
$159,654.
JACKSON's average closing costs are $4,310.
The top JACKSON lender as defined by loan originations is The Dart Bank, with
92 loans originated. Their average total fees are
$3,391, which is $746
lower than the next largest lender,
Flagstar Bank, FSB.
The lowest fee JACKSON lenders (with over 10 loans originated) are
The Dart Bank ($3,391), RUOFF MORTGAGE COMPANY, INC. ($3,496), First Merchants Bank ($3,531), The Huntington National Bank ($3,561) and MORTGAGE CENTER L.C ($3,623).
The lowest rate JACKSON lenders (with over 10 loans originated) are
MORTGAGE CENTER L.C (6.50%), STAUNTON FINANCIAL, INC. (6.52%), LAKE MICHIGAN CREDIT UNION (6.58%), First Merchants Bank (6.59%) and RUOFF MORTGAGE COMPANY, INC. (6.72%).
JACKSON, MI 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 |
|---|---|---|---|---|
| QUICKEN LOANS, LLC | $59,705,000 | $36,395,000 | -39.0% | 7.7% |
| The Dart Bank | $36,685,000 | $26,365,000 | -28.1% | 5.6% |
| CP Financial Credit Union | $35,995,000 | $25,645,000 | -28.8% | 5.4% |
| MORTGAGE 1 INCORPORATED | $31,085,000 | $25,340,000 | -18.5% | 5.4% |
| Flagstar Bank, FSB | $35,375,000 | $25,065,000 | -29.1% | 5.3% |
| The Huntington National Bank | $28,210,000 | $23,950,000 | -15.1% | 5.1% |
| County National Bank | $34,780,000 | $22,930,000 | -34.1% | 4.9% |
| UNITED WHOLESALE MORTGAGE, LLC | $24,025,000 | $19,825,000 | -17.5% | 4.2% |
| RUOFF MORTGAGE COMPANY, INC. | $25,755,000 | $16,050,000 | -37.7% | 3.4% |
| Prudential Huntoon Paige Associates, LLC | $13,975,000 | n/a | 3.0% | |
| CROSSCOUNTRY MORTGAGE, LLC | $21,765,000 | $13,475,000 | -38.1% | 2.9% |
| Mortgage Research Center, LLC | $14,865,000 | $9,025,000 | -39.3% | 1.9% |
| TOWNE MORTGAGE COMPANY | $875,000 | $7,665,000 | 776.0% | 1.6% |
| Waterstone Mortgage Corporation | $10,675,000 | $7,075,000 | -33.7% | 1.5% |
| STAUNTON FINANCIAL, INC. | $5,160,000 | $7,030,000 | 36.2% | 1.5% |
| Comerica Bank | $8,750,000 | $6,790,000 | -22.4% | 1.4% |
| GreenStone Farm Credit Services, FLCA | $4,745,000 | $6,030,000 | 27.1% | 1.3% |
| Regions Bank | $115,000 | $5,755,000 | 4,904.3% | 1.2% |
| Independent Bank | $5,225,000 | $5,280,000 | 1.1% | 1.1% |
| LAKE MICHIGAN CREDIT UNION | $7,235,000 | $5,015,000 | -30.7% | 1.1% |
| COMMUNITY CHOICE CREDIT UNION | $4,155,000 | $4,575,000 | 10.1% | 1.0% |
| GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION | $7,895,000 | $4,555,000 | -42.3% | 1.0% |
| First Federal Bank of the Midwest | $3,780,000 | $4,530,000 | 19.8% | 1.0% |
| Fifth Third Bank | $10,200,000 | $4,330,000 | -57.5% | 0.9% |
| MICHIGAN STATE UNIVERSITY FEDERAL CREDIT UNION | $6,650,000 | $4,195,000 | -36.9% | 0.9% |
| UNION HOME MORTGAGE CORP. | $3,240,000 | $4,155,000 | 28.2% | 0.9% |
| PNC Bank | $11,420,000 | $3,120,000 | -72.7% | 0.7% |
| Southern Michigan Bank & Trust | $15,625,000 | $3,080,000 | -80.3% | 0.7% |
| NAVY FEDERAL CREDIT UNION | $1,295,000 | $3,035,000 | 134.4% | 0.6% |
| MORTGAGE CENTER L.C | $4,610,000 | $3,020,000 | -34.5% | 0.6% |
| PENNYMAC LOAN SERVICES, LLC | $3,040,000 | $2,860,000 | -5.9% | 0.6% |
| Mr. Cooper ( Nationstar Mortgage ) | $6,530,000 | $2,805,000 | -57.0% | 0.6% |
| University Bank | $2,190,000 | $2,780,000 | 26.9% | 0.6% |
| JPMorgan Chase Bank | $3,835,000 | $2,770,000 | -27.8% | 0.6% |
| Bank of America | $1,650,000 | $2,695,000 | 63.3% | 0.6% |
| First Merchants Bank | $3,310,000 | $2,630,000 | -20.5% | 0.6% |
| TRIAD FINANCIAL SERVICES, INC. | $4,160,000 | $2,630,000 | -36.8% | 0.6% |
| American 1 Credit Union | $2,495,000 | n/a | 0.5% | |
| ORIX REAL ESTATE CAPITAL, LLC | $2,405,000 | n/a | 0.5% | |
| Old National Bank | $19,555,000 | $2,340,000 | -88.0% | 0.5% |
| Eaton Community Bank | $2,270,000 | n/a | 0.5% | |
| GVC MORTGAGE, INC. | $2,510,000 | $2,265,000 | -9.8% | 0.5% |
| Citizens Bank | $2,490,000 | $2,205,000 | -11.4% | 0.5% |
| UNIVERSITY OF MICHIGAN CREDIT UNION | $1,485,000 | $2,065,000 | 39.1% | 0.4% |
| DFCU FINANCIAL | $3,140,000 | $2,035,000 | -35.2% | 0.4% |
| ROSS MORTGAGE CORPORATION | $755,000 | $1,985,000 | 162.9% | 0.4% |
| NEWREZ LLC | $2,930,000 | $1,860,000 | -36.5% | 0.4% |
| BROKER SOLUTIONS, INC. | $2,545,000 | $1,750,000 | -31.2% | 0.4% |
| The State Bank | $4,215,000 | $1,695,000 | -59.8% | 0.4% |
| HOWARD HANNA FINANCIAL SERVICES, INC. | $4,100,000 | $1,535,000 | -62.6% | 0.3% |
| NEW DAY FINANCIAL, LLC | $1,080,000 | $1,500,000 | 38.9% | 0.3% |
| AMERICAN FINANCIAL NETWORK, INC. | $1,455,000 | n/a | 0.3% | |
| HIGHLANDS RESIDENTIAL MORTGAGE, LTD. | $1,015,000 | $1,435,000 | 41.4% | 0.3% |
| LOANDEPOT.COM, LLC | $5,705,000 | $1,340,000 | -76.5% | 0.3% |
| MUTUAL OF OMAHA MORTGAGE, INC. | $1,405,000 | $1,335,000 | -5.0% | 0.3% |
| Wells Fargo Bank | $3,250,000 | $1,335,000 | -58.9% | 0.3% |
| DAS Acquisition Company, LLC | $580,000 | $1,315,000 | 126.7% | 0.3% |
| MICHIGAN MUTUAL, INC. | $2,330,000 | $1,275,000 | -45.3% | 0.3% |
| MICHIGAN FIRST CREDIT UNION | $295,000 | $1,250,000 | 323.7% | 0.3% |
| Morgan Stanley Private Bank | $800,000 | $1,165,000 | 45.6% | 0.2% |
| FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $2,465,000 | $1,140,000 | -53.8% | 0.2% |
| SUCCESS MORTGAGE PARTNERS, INC. | $1,125,000 | $1,110,000 | -1.3% | 0.2% |
| USAA Federal Savings Bank | $1,400,000 | $1,100,000 | -21.4% | 0.2% |
| 21ST MORTGAGE CORPORATION | $740,000 | $1,095,000 | 48.0% | 0.2% |
| MOVEMENT MORTGAGE, LLC | $685,000 | $1,080,000 | 57.7% | 0.2% |
| TLC COMMUNITY Credit Union | $2,325,000 | $1,070,000 | -54.0% | 0.2% |
| TOP FLITE FINANCIAL, INC. | $1,170,000 | $1,040,000 | -11.1% | 0.2% |
| FREEDOM MORTGAGE CORPORATION | $5,225,000 | $1,020,000 | -80.5% | 0.2% |
| ARK-LA-TEX FINANCIAL SERVICES, LLC. | $1,560,000 | $995,000 | -36.2% | 0.2% |
| J. VIRGIL, INC. | $2,330,000 | $980,000 | -57.9% | 0.2% |
| AMERISAVE MORTGAGE CORPORATION | $3,595,000 | $975,000 | -72.9% | 0.2% |
| Northpointe Bank | $1,170,000 | $950,000 | -18.8% | 0.2% |
| MARSHALL COMMUNITY CREDIT UNION | $880,000 | $945,000 | 7.4% | 0.2% |
| Homestead Savings Bank | $1,990,000 | $935,000 | -53.0% | 0.2% |
| GUILD MORTGAGE COMPANY | $920,000 | n/a | 0.2% | |
| COMMUNITY FINANCIAL CREDIT UNION | $920,000 | $915,000 | -0.5% | 0.2% |
| CARDINAL FINANCIAL | $1,955,000 | $910,000 | -53.5% | 0.2% |
| Carrington Mortgage Services, LLC | $2,205,000 | $910,000 | -58.7% | 0.2% |
| KeyBank | $1,335,000 | $900,000 | -32.6% | 0.2% |
| Lake Trust Credit Union | $710,000 | $815,000 | 14.8% | 0.2% |
| CREDIT UNION ONE | $545,000 | $800,000 | 46.8% | 0.2% |
| EQUITY RESOURCES, INC. | $2,145,000 | $790,000 | -63.2% | 0.2% |
| CONSUMERS | $1,315,000 | $780,000 | -40.7% | 0.2% |
| Mercantile Bank of Michigan | $1,440,000 | $780,000 | -45.8% | 0.2% |
| Directions Credit Union, Inc. | $630,000 | $770,000 | 22.2% | 0.2% |
| GUARANTEED RATE, INC. | $1,235,000 | $720,000 | -41.7% | 0.2% |
| BETTER MORTGAGE CORPORATION | $115,000 | $710,000 | 517.4% | 0.2% |
| DOMINION FINANCIAL SERVICES, LLC | $675,000 | n/a | 0.1% | |
| LAKEVIEW LOAN SERVICING, LLC | $2,305,000 | $675,000 | -70.7% | 0.1% |
| CHURCHILL MORTGAGE CORPORATION | $390,000 | $660,000 | 69.2% | 0.1% |
| ROYAL UNITED MORTGAGE LLC | $1,185,000 | $620,000 | -47.7% | 0.1% |
| GUARANTEED RATE AFFINITY, LLC | $315,000 | $610,000 | 93.7% | 0.1% |
| Platinum Home Mortgage Corporation | $375,000 | $610,000 | 62.7% | 0.1% |
| NexBank | $575,000 | n/a | 0.1% | |
| First Savings Bank | $1,840,000 | $570,000 | -69.0% | 0.1% |
| ALLIANT CREDIT UNION | $255,000 | $565,000 | 121.6% | 0.1% |
| BLG HOLDINGS, INC. | $720,000 | $565,000 | -21.5% | 0.1% |
| Discover Bank | $470,000 | $560,000 | 19.1% | 0.1% |
| Preston Home Loans Inc | $205,000 | $535,000 | 161.0% | 0.1% |
| The Federal Savings Bank | $855,000 | $530,000 | -38.0% | 0.1% |
| MEMBER FIRST MORTGAGE, LLC | $1,050,000 | $520,000 | -50.5% | 0.1% |
| LAFCU | $520,000 | $495,000 | -4.8% | 0.1% |
| Nations Lending Corporation | $435,000 | $485,000 | 11.5% | 0.1% |
| BMO Harris Bank | $475,000 | n/a | 0.1% | |
| CORNERSTONE HOME LENDING, INC. | $550,000 | $470,000 | -14.5% | 0.1% |
| FINANCE OF AMERICA REVERSE LLC | $465,000 | n/a | 0.1% | |
| Plains Commerce Bank | $985,000 | $465,000 | -52.8% | 0.1% |
| MEMBERFOCUS COMMUNITY | $460,000 | n/a | 0.1% | |
| NETWORK CAPITAL FUNDING CORPORATION | $130,000 | $455,000 | 250.0% | 0.1% |
| CALIBER HOME LOANS, INC. | $5,680,000 | $445,000 | -92.2% | 0.1% |
| RESIDENTIAL BANCORP | $445,000 | n/a | 0.1% | |
| TBK BANK, SSB | $445,000 | n/a | 0.1% | |
| ZILLOW HOME LOANS, LLC | $260,000 | $440,000 | 69.2% | 0.1% |
| EVANSVILLE TEACHERS | $430,000 | n/a | 0.1% | |
| HOMESTAR FINANCIAL CORPORATION | $425,000 | n/a | 0.1% | |
| U.S. Bank | $1,870,000 | $425,000 | -77.3% | 0.1% |
| Coastal Community Bank | $420,000 | n/a | 0.1% | |
| Macatawa Bank | $415,000 | n/a | 0.1% | |
| MJW Financial LLC | $415,000 | n/a | 0.1% | |
| THE MORTGAGE LINK, INC. | $415,000 | n/a | 0.1% | |
| Figure Lending LLC | $560,000 | $390,000 | -30.4% | 0.1% |
| AMERICAN HERITAGE LENDING, INC. | $365,000 | n/a | 0.1% | |
| PLAZA HOME MORTGAGE, INC. | $735,000 | $360,000 | -51.0% | 0.1% |
| NBKC BANK | $355,000 | n/a | 0.1% | |
| OAK MORTGAGE, LLC | $780,000 | $355,000 | -54.5% | 0.1% |
| SIRVA MORTGAGE, INC. | $350,000 | n/a | 0.1% | |
| VAN DYK MORTGAGE CORPORATION | $360,000 | $350,000 | -2.8% | 0.1% |
| NEXERA HOLDING LLC | $215,000 | $345,000 | 60.5% | 0.1% |
| Truist | $155,000 | $335,000 | 116.1% | 0.1% |
| The Loan Store, Inc. | $330,000 | n/a | 0.1% | |
| MMS MORTGAGE SERVICES, LTD. | $325,000 | n/a | 0.1% | |
| Equity Prime Mortgage LLC | $320,000 | $320,000 | 0.0% | 0.1% |
| HOMEBRIDGE FINANCIAL SERVICES, INC. | $320,000 | n/a | 0.1% | |
| ARBOR FINANCIAL CREDIT UNION | $1,015,000 | $310,000 | -69.5% | 0.1% |
| GENISYS | $495,000 | $310,000 | -37.4% | 0.1% |
| First Bank | $305,000 | n/a | 0.1% | |
| WINGS FINANCIAL | $355,000 | $305,000 | -14.1% | 0.1% |
| ADVIA | $15,000 | $300,000 | 1,900.0% | 0.1% |
| NFM, INC. | $295,000 | n/a | 0.1% | |
| PURDUE FEDERAL CREDIT UNION | $265,000 | $295,000 | 11.3% | 0.1% |
| Neighborhood Loans, Inc. | $1,440,000 | $280,000 | -80.6% | 0.1% |
| EVERETT FINANCIAL, INC. | $2,360,000 | $265,000 | -88.8% | 0.1% |
| TEACHERS CREDIT UNION | $265,000 | n/a | 0.1% | |
| AMERICAN PORTFOLIO MORTGAGE CORPORATION | $145,000 | $260,000 | 79.3% | 0.1% |
| Consumers Professional Credit Union | $430,000 | $260,000 | -39.5% | 0.1% |
| Michigan Educational Credit Union | $690,000 | $260,000 | -62.3% | 0.1% |
| The State Bank and Trust Company | $45,000 | $260,000 | 477.8% | 0.1% |
| ACADEMY MORTGAGE CORPORATION | $475,000 | $255,000 | -46.3% | 0.1% |
| DOW CHEMICAL EMPLOYEES' | $75,000 | $255,000 | 240.0% | 0.1% |
| GUARANTY HOME MORTGAGE CORPORATION | $255,000 | n/a | 0.1% | |
| INTERRA CREDIT UNION | $255,000 | n/a | 0.1% | |
| The Genoa Banking Company | $275,000 | $255,000 | -7.3% | 0.1% |
| LOANPAL, LLC | $85,000 | $250,000 | 194.1% | 0.1% |
| VILLAGE CAPITAL MORTGAGE | $755,000 | $250,000 | -66.9% | 0.1% |
| LIMA ONE CAPITAL, LLC | $245,000 | n/a | 0.1% | |
| PENTAGON FEDERAL CREDIT UNION | $35,000 | $245,000 | 600.0% | 0.1% |
| Prosperity Home Mortgage, LLC | $240,000 | n/a | 0.1% | |
| FIRST COLONY MORTGAGE CORPORATION | $235,000 | n/a | 0.0% | |
| American Airlines Federal Credit Union | $230,000 | n/a | 0.0% | |
| CLEARPATH LENDING | $300,000 | $225,000 | -25.0% | 0.0% |
| CONTOUR MORTGAGE CORPORATION | $225,000 | n/a | 0.0% | |
| FBC MORTGAGE, LLC | $530,000 | $215,000 | -59.4% | 0.0% |
| LONGBRIDGE FINANCIAL, LLC | $215,000 | n/a | 0.0% | |
| Third Federal Savings and Loan Association of Cleveland | $215,000 | n/a | 0.0% | |
| MICHIGAN SCHOOLS AND GOVERNMENT | $1,245,000 | $210,000 | -83.1% | 0.0% |
| MidFirst Bank | $210,000 | n/a | 0.0% | |
| Bank of Ann Arbor | $875,000 | $205,000 | -76.6% | 0.0% |
| Honor Credit Union | $1,415,000 | $205,000 | -85.5% | 0.0% |
| PLANET HOME LENDING, LLC | $430,000 | $200,000 | -53.5% | 0.0% |
| AMWEST FUNDING CORP. | $195,000 | n/a | 0.0% | |
| HOMESIDE FINANCIAL, LLC | $245,000 | $195,000 | -20.4% | 0.0% |
| TJC Mortgage, Inc. | $55,000 | $195,000 | 254.5% | 0.0% |
| Polish-American Federal Credit Union | $140,000 | $185,000 | 32.1% | 0.0% |
| GENEVA FINANCIAL, LLC | $890,000 | $180,000 | -79.8% | 0.0% |
| Dort Financial Credit Union | $105,000 | $175,000 | 66.7% | 0.0% |
| PREMIA MORTGAGE, LLC | $175,000 | n/a | 0.0% | |
| Sunflower Bank | $395,000 | $175,000 | -55.7% | 0.0% |
| CIVIC FINANCIAL SERVICES, LLC | $310,000 | $165,000 | -46.8% | 0.0% |
| CRESCENT MORTGAGE COMPANY | $165,000 | n/a | 0.0% | |
| Horizon Bank | $655,000 | $155,000 | -76.3% | 0.0% |
| Parda Federal Credit Union | $150,000 | n/a | 0.0% | |
| FINANCIAL PLUS CREDIT UNION | $145,000 | n/a | 0.0% | |
| EMM LOANS LLC | $135,000 | n/a | 0.0% | |
| First National Bank of Omaha | $135,000 | n/a | 0.0% | |
| Ixonia Bank | $135,000 | n/a | 0.0% | |
| Kellogg Community Credit Union | $55,000 | $135,000 | 145.5% | 0.0% |
| AMERICAN FINANCING CORPORATION | $245,000 | $130,000 | -46.9% | 0.0% |
| VIBE CREDIT UNION | $130,000 | n/a | 0.0% | |
| AMERICAN FINANCIAL RESOURCES, INC. | $230,000 | $125,000 | -45.7% | 0.0% |
| First United Bank and Trust Company | $125,000 | n/a | 0.0% | |
| Sturgis Bank & Trust Company | $235,000 | $115,000 | -51.1% | 0.0% |
| BAY EQUITY LLC | $165,000 | $105,000 | -36.4% | 0.0% |
| Centier Bank | $145,000 | $105,000 | -27.6% | 0.0% |
| GSF Mortgage Corporation | $105,000 | n/a | 0.0% | |
| MICHIGAN COLUMBUS | $105,000 | n/a | 0.0% | |
| PRIMELENDING, A PLAINSCAPITAL COMPANY | $220,000 | $105,000 | -52.3% | 0.0% |
| UNITED | $150,000 | $105,000 | -30.0% | 0.0% |
| CASE | $35,000 | $100,000 | 185.7% | 0.0% |
| ON Q FINANCIAL, INC. | $95,000 | n/a | 0.0% | |
| SPRING EQ, LLC | $45,000 | $95,000 | 111.1% | 0.0% |
| Zeal Credit Union | $95,000 | n/a | 0.0% | |
| GREENWOOD | $90,000 | n/a | 0.0% | |
| RELIANCE FIRST CAPITAL, LLC | $155,000 | $85,000 | -45.2% | 0.0% |
| ALL IN | $65,000 | n/a | 0.0% | |
| STAR USA FEDERAL CREDIT UNION | $25,000 | $65,000 | 160.0% | 0.0% |
| A&D Mortgage LLC | $55,000 | n/a | 0.0% | |
| Connexus Credit Union | $55,000 | n/a | 0.0% | |
| PARKSIDE | $45,000 | n/a | 0.0% | |
| OMNI Community Credit Union | $35,000 | n/a | 0.0% | |
| GREENSTATE CREDIT UNION | $410,000 | $15,000 | -96.3% | 0.0% |
JACKSON's top lender by overall market share is QUICKEN LOANS, LLC, with 7.7% market share. In second place, with 5.6%, is The Dart Bank, having originated $26,365,000 in loans. In third place, with 5.4%, is CP Financial Credit Union, having originated $25,645,000 in loans. In fourth place, with 5.4%, is MORTGAGE 1 INCORPORATED, having originated $25,340,000 in loans. In fifth place, with 5.3%, is Flagstar Bank, FSB, having originated $25,065,000 in loans.
JACKSON Housing Market Trends (Median, Average Prices & Listing Count)
Realtor.com - JACKSON (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 | $139,900 (4.6%) | $166,532 (-5.5%) | 0.52 | 631 |
| 2018-02-01 | $134,974 (-3.5%) | $167,712 (-7.3%) | 0.49 | 602 |
| 2018-03-01 | $139,450 (-0.3%) | $167,908 (-8.7%) | 0.49 | 610 |
| 2018-04-01 | $139,900 (0.0%) | $173,667 (-6.3%) | 0.47 | 641 |
| 2018-05-01 | $149,900 (2.7%) | $181,192 (-3.0%) | 0.50 | 679 |
| 2018-06-01 | $155,000 (3.4%) | $189,831 (0.8%) | 0.52 | 702 |
| 2018-07-01 | $149,900 (0.0%) | $186,572 (0.5%) | 0.50 | 747 |
| 2018-08-01 | $150,946 (0.6%) | $187,688 (0.2%) | 0.51 | 761 |
| 2018-09-01 | $154,900 (-3.1%) | $192,303 (2.1%) | 0.52 | 797 |
| 2018-10-01 | $152,294 (1.6%) | $200,748 (8.8%) | 0.52 | 784 |
| 2018-11-01 | $149,665 (-0.2%) | $194,678 (7.9%) | 0.51 | 757 |
| 2018-12-01 | $144,950 (0.0%) | $192,672 (12.6%) | 0.50 | 689 |
| 2019-01-01 | $143,575 (2.6%) | $194,317 (16.7%) | 0.50 | 621 |
| 2019-02-01 | $144,925 (7.4%) | $196,136 (17.0%) | 0.49 | 612 |
| 2019-03-01 | $147,114 (5.5%) | $196,844 (17.2%) | 0.48 | 595 |
| 2019-04-01 | $152,450 (9.0%) | $213,979 (23.2%) | 0.48 | 597 |
| 2019-05-01 | $158,175 (5.5%) | $215,641 (19.0%) | 0.49 | 641 |
| 2019-06-01 | $162,500 (4.8%) | $218,797 (15.3%) | 0.51 | 669 |
| 2019-07-01 | $163,100 (8.8%) | $218,191 (17.0%) | 0.51 | 706 |
| 2019-08-01 | $163,091 (8.1%) | $213,058 (13.5%) | 0.52 | 720 |
| 2019-09-01 | $160,227 (3.4%) | $204,518 (6.4%) | 0.51 | 744 |
| 2019-10-01 | $159,268 (4.6%) | $199,773 (-0.5%) | 0.51 | 746 |
| 2019-11-01 | $158,950 (6.2%) | $199,632 (2.5%) | 0.52 | 680 |
| 2019-12-01 | $149,900 (3.4%) | $191,952 (-0.4%) | 0.50 | 596 |
| 2020-01-01 | $149,900 (4.4%) | $189,212 (-2.6%) | 0.50 | 543 |
| 2020-02-01 | $145,000 (0.1%) | $184,360 (-6.0%) | 0.47 | 540 |
| 2020-03-01 | $149,900 (1.9%) | $192,590 (-2.2%) | 0.47 | 535 |
| 2020-04-01 | $156,000 (2.3%) | $196,728 (-8.1%) | 0.49 | 493 |
| 2020-05-01 | $172,400 (9.0%) | $208,128 (-3.5%) | 0.52 | 509 |
| 2020-06-01 | $178,450 (9.8%) | $208,772 (-4.6%) | 0.53 | 553 |
| 2020-07-01 | $186,500 (14.4%) | $216,908 (-0.6%) | 0.54 | 565 |
| 2020-08-01 | $176,900 (8.5%) | $214,654 (0.8%) | 0.51 | 534 |
| 2020-09-01 | $174,925 (9.2%) | $220,830 (8.0%) | 0.50 | 504 |
| 2020-10-01 | $174,900 (9.8%) | $225,728 (13.0%) | 0.50 | 494 |
| 2020-11-01 | $169,950 (6.9%) | $217,422 (8.9%) | 0.50 | 469 |
| 2020-12-01 | $162,450 (8.4%) | $207,429 (8.1%) | 0.48 | 433 |
| 2021-01-01 | $149,900 (0.0%) | $202,742 (7.2%) | 0.45 | 375 |
| 2021-02-01 | $149,900 (3.4%) | $202,757 (10.0%) | 0.44 | 308 |
| 2021-03-01 | $145,750 (-2.8%) | $210,125 (9.1%) | 0.41 | 285 |
| 2021-04-01 | $147,000 (-5.8%) | $209,403 (6.4%) | 0.40 | 292 |
| 2021-05-01 | $162,900 (-5.5%) | $217,040 (4.3%) | 0.43 | 355 |
| 2021-06-01 | $175,000 (-1.9%) | $230,496 (10.4%) | 0.46 | 417 |
| 2021-07-01 | $179,900 (-3.5%) | $236,488 (9.0%) | 0.47 | 464 |
| 2021-08-01 | $181,475 (2.6%) | $254,881 (18.7%) | 0.48 | 252 |
| 2021-09-01 | $180,950 (3.4%) | $234,776 (6.3%) | 0.48 | 291 |
| 2021-10-01 | $169,900 (-2.9%) | $215,217 (-4.7%) | 0.45 | 290 |
| 2021-11-01 | $157,150 (-7.5%) | $197,765 (-9.0%) | 0.42 | 262 |
| 2021-12-01 | $153,475 (-5.5%) | $200,618 (-3.3%) | 0.42 | 226 |
| 2022-01-01 | $164,000 (9.4%) | $212,332 (4.7%) | 0.44 | 213 |
| 2022-02-01 | $173,675 (15.9%) | $226,694 (11.8%) | 0.45 | 198 |
| 2022-03-01 | $177,975 (22.1%) | $234,701 (11.7%) | 0.45 | 178 |
| 2022-04-01 | $179,950 (22.4%) | $223,799 (6.9%) | 0.43 | 174 |
| 2022-05-01 | $189,975 (16.6%) | $248,341 (14.4%) | 0.43 | 197 |
| 2022-06-01 | $219,925 (25.7%) | $274,681 (19.2%) | 0.49 | 223 |
| 2022-07-01 | $229,000 (27.3%) | $282,730 (19.6%) | 0.52 | 278 |
| 2022-08-01 | $217,400 (19.8%) | $283,247 (11.1%) | 0.50 | 283 |
| 2022-09-01 | $219,950 (21.6%) | $286,814 (22.2%) | 0.51 | 298 |
| 2022-10-01 | $220,000 (29.5%) | $277,095 (28.8%) | 0.52 | 308 |
| 2022-11-01 | $212,250 (35.1%) | $270,966 (37.0%) | 0.51 | 291 |
| 2022-12-01 | $199,999 (30.3%) | $255,607 (27.4%) | 0.49 | 267 |
| 2023-01-01 | $193,200 (17.8%) | $252,845 (19.1%) | 0.48 | 229 |
| 2023-02-01 | $223,750 (28.8%) | $269,783 (19.0%) | 0.54 | 183 |
| 2023-03-01 | $235,750 (32.5%) | $288,415 (22.9%) | 0.56 | 159 |
| 2023-04-01 | $239,900 (33.3%) | $307,151 (37.2%) | 0.56 | 179 |
| 2023-05-01 | $264,325 (39.1%) | $314,388 (26.6%) | 0.60 | 206 |
| 2023-06-01 | $262,400 (19.3%) | $310,825 (13.2%) | 0.59 | 216 |
| 2023-07-01 | $245,000 (7.0%) | $301,167 (6.5%) | 0.56 | 228 |
| 2023-08-01 | $233,425 (7.4%) | $305,038 (7.7%) | 0.54 | 239 |
| 2023-09-01 | $229,000 (4.1%) | $303,602 (5.9%) | 0.53 | 249 |
| 2023-10-01 | $239,950 (9.1%) | $310,634 (12.1%) | 0.56 | 287 |
| 2023-11-01 | $247,450 (16.6%) | $307,652 (13.5%) | 0.59 | 274 |
| 2023-12-01 | $233,750 (16.9%) | $299,287 (17.1%) | 0.57 | 262 |
| 2024-01-01 | $224,975 (16.5%) | $287,859 (13.9%) | 0.55 | 243 |
| 2024-02-01 | $209,750 (-6.3%) | $279,780 (3.7%) | 0.50 | 219 |
| 2024-03-01 | $245,900 (4.3%) | $308,511 (7.0%) | 0.58 | 213 |
JACKSON's median listing price for 2024-03-01 was $245,900, a difference of
$10,150
(4.3%) versus the prior year and
$36,150 versus the prior month.
JACKSON's median listing price comes in at 58% of the national average.
JACKSON's average listing price for 2024-03-01 was $308,511, a difference of $20,096 (7.0%) versus the prior year and $28,731 versus the prior month.
For the 2024-03-01 period, JACKSON had 213 MLS listings, a difference of -6 listings (-3%) versus the prior month and 54 listings (34%) versus the prior year.
JACKSON's median listing price comes in at 58% of the national average.
JACKSON's average listing price for 2024-03-01 was $308,511, a difference of $20,096 (7.0%) versus the prior year and $28,731 versus the prior month.
For the 2024-03-01 period, JACKSON had 213 MLS listings, a difference of -6 listings (-3%) versus the prior month and 54 listings (34%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - JACKSON (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis| Date | Median Listing Time on Market | Median Square Footage |
|---|---|---|
| 2018-01-01 | 79 days | 1,596 sqft |
| 2018-02-01 | 72 days | 1,574 sqft |
| 2018-03-01 | 53 days | 1,600 sqft |
| 2018-04-01 | 48 days | 1,581 sqft |
| 2018-05-01 | 44 days | 1,605 sqft |
| 2018-06-01 | 43 days | 1,679 sqft |
| 2018-07-01 | 42 days | 1,663 sqft |
| 2018-08-01 | 45 days | 1,683 sqft |
| 2018-09-01 | 47 days | 1,712 sqft |
| 2018-10-01 | 52 days | 1,703 sqft |
| 2018-11-01 | 55 days | 1,661 sqft |
| 2018-12-01 | 64 days | 1,603 sqft |
| 2019-01-01 | 73 days | 1,590 sqft |
| 2019-02-01 | 68 days | 1,600 sqft |
| 2019-03-01 | 59 days | 1,650 sqft |
| 2019-04-01 | 46 days | 1,676 sqft |
| 2019-05-01 | 44 days | 1,656 sqft |
| 2019-06-01 | 45 days | 1,746 sqft |
| 2019-07-01 | 46 days | 1,761 sqft |
| 2019-08-01 | 48 days | 1,749 sqft |
| 2019-09-01 | 50 days | 1,710 sqft |
| 2019-10-01 | 52 days | 1,692 sqft |
| 2019-11-01 | 56 days | 1,693 sqft |
| 2019-12-01 | 67 days | 1,642 sqft |
| 2020-01-01 | 74 days | 1,640 sqft |
| 2020-02-01 | 61 days | 1,592 sqft |
| 2020-03-01 | 55 days | 1,595 sqft |
| 2020-04-01 | 62 days | 1,584 sqft |
| 2020-05-01 | 69 days | 1,650 sqft |
| 2020-06-01 | 43 days | 1,711 sqft |
| 2020-07-01 | 44 days | 1,740 sqft |
| 2020-08-01 | 46 days | 1,708 sqft |
| 2020-09-01 | 41 days | 1,700 sqft |
| 2020-10-01 | 40 days | 1,697 sqft |
| 2020-11-01 | 46 days | 1,696 sqft |
| 2020-12-01 | 46 days | 1,675 sqft |
| 2021-01-01 | 50 days | 1,560 sqft |
| 2021-02-01 | 49 days | 1,558 sqft |
| 2021-03-01 | 43 days | 1,558 sqft |
| 2021-04-01 | 33 days | 1,567 sqft |
| 2021-05-01 | 30 days | 1,623 sqft |
| 2021-06-01 | 32 days | 1,611 sqft |
| 2021-07-01 | 31 days | 1,600 sqft |
| 2021-08-01 | 23 days | 1,602 sqft |
| 2021-09-01 | 32 days | 1,613 sqft |
| 2021-10-01 | 37 days | 1,600 sqft |
| 2021-11-01 | 44 days | 1,558 sqft |
| 2021-12-01 | 50 days | 1,561 sqft |
| 2022-01-01 | 53 days | 1,540 sqft |
| 2022-02-01 | 51 days | 1,597 sqft |
| 2022-03-01 | 47 days | 1,559 sqft |
| 2022-04-01 | 40 days | 1,525 sqft |
| 2022-05-01 | 32 days | 1,588 sqft |
| 2022-06-01 | 33 days | 1,618 sqft |
| 2022-07-01 | 32 days | 1,728 sqft |
| 2022-08-01 | 39 days | 1,725 sqft |
| 2022-09-01 | 45 days | 1,698 sqft |
| 2022-10-01 | 47 days | 1,660 sqft |
| 2022-11-01 | 50 days | 1,650 sqft |
| 2022-12-01 | 58 days | 1,649 sqft |
| 2023-01-01 | 65 days | 1,636 sqft |
| 2023-02-01 | 59 days | 1,677 sqft |
| 2023-03-01 | 52 days | 1,698 sqft |
| 2023-04-01 | 37 days | 1,673 sqft |
| 2023-05-01 | 29 days | 1,716 sqft |
| 2023-06-01 | 32 days | 1,740 sqft |
| 2023-07-01 | 38 days | 1,695 sqft |
| 2023-08-01 | 40 days | 1,707 sqft |
| 2023-09-01 | 42 days | 1,756 sqft |
| 2023-10-01 | 46 days | 1,681 sqft |
| 2023-11-01 | 50 days | 1,704 sqft |
| 2023-12-01 | 52 days | 1,624 sqft |
| 2024-01-01 | 56 days | 1,589 sqft |
| 2024-02-01 | 55 days | 1,536 sqft |
| 2024-03-01 | 43 days | 1,653 sqft |
JACKSON's median listing age (time on market) for 2024-03-01 was 43 days.
This
is -18%
shorter
than the same period one year ago.
JACKSON's median square footage for active listings during the 2024-03-01 period was 1,653 sqft. One year prior, the average listing was 1,698 sqft.
JACKSON's median square footage for active listings during the 2024-03-01 period was 1,653 sqft. One year prior, the average listing was 1,698 sqft.
JACKSON, MI Average Rent (2023)
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| Zip Code | Metro | Studio Apartment Rent | 1BR Apartment Rent | 2BR Apartment Rent | 3BR Apartment Rent | 4BR Apartment Rent |
|---|---|---|---|---|---|---|
| 48118 | Jackson, MI MSA | $1,180 | $1,180 | $1,420 | $1,730 | $1,980 |
| 48158 | Jackson, MI MSA | $950 | $950 | $1,140 | $1,410 | $1,640 |
| 48827 | Jackson, MI MSA | $790 | $820 | $1,010 | $1,310 | $1,360 |
| 49201 | Jackson, MI MSA | $690 | $840 | $990 | $1,320 | $1,500 |
| 49202 | Jackson, MI MSA | $690 | $840 | $990 | $1,320 | $1,500 |
| 49203 | Jackson, MI MSA | $720 | $870 | $1,030 | $1,370 | $1,560 |
| 49204 | Jackson, MI MSA | $690 | $840 | $990 | $1,320 | $1,500 |
| 49224 | Jackson, MI MSA | $630 | $710 | $870 | $1,110 | $1,270 |
| 49230 | Jackson, MI MSA | $950 | $950 | $1,140 | $1,410 | $1,640 |
| 49233 | Jackson, MI MSA | $650 | $790 | $930 | $1,240 | $1,400 |
| 49234 | Jackson, MI MSA | $720 | $880 | $1,040 | $1,380 | $1,570 |
| 49237 | Jackson, MI MSA | $630 | $760 | $900 | $1,200 | $1,360 |
| 49240 | Jackson, MI MSA | $950 | $950 | $1,140 | $1,430 | $1,640 |
| 49241 | Jackson, MI MSA | $620 | $750 | $890 | $1,180 | $1,340 |
| 49245 | Jackson, MI MSA | $660 | $740 | $910 | $1,160 | $1,330 |
| 49246 | Jackson, MI MSA | $660 | $800 | $950 | $1,260 | $1,430 |
| 49249 | Jackson, MI MSA | $750 | $900 | $1,070 | $1,420 | $1,620 |
| 49250 | Jackson, MI MSA | $660 | $800 | $950 | $1,260 | $1,430 |
| 49251 | Jackson, MI MSA | $820 | $850 | $1,040 | $1,350 | $1,400 |
| 49252 | Jackson, MI MSA | $610 | $730 | $870 | $1,160 | $1,310 |
| 49254 | Jackson, MI MSA | $670 | $810 | $960 | $1,280 | $1,450 |
| 49259 | Jackson, MI MSA | $730 | $890 | $1,050 | $1,400 | $1,590 |
| 49261 | Jackson, MI MSA | $690 | $830 | $980 | $1,310 | $1,490 |
| 49263 | Jackson, MI MSA | $630 | $760 | $900 | $1,200 | $1,360 |
| 49264 | Jackson, MI MSA | $800 | $880 | $1,060 | $1,390 | $1,500 |
| 49269 | Jackson, MI MSA | $660 | $800 | $950 | $1,260 | $1,430 |
| 49272 | Jackson, MI MSA | $610 | $740 | $870 | $1,160 | $1,310 |
| 49277 | Jackson, MI MSA | $740 | $900 | $1,060 | $1,410 | $1,600 |
| 49283 | Jackson, MI MSA | $580 | $700 | $830 | $1,100 | $1,250 |
| 49284 | Jackson, MI MSA | $800 | $940 | $1,130 | $1,480 | $1,670 |
| 49285 | Jackson, MI MSA | $950 | $950 | $1,140 | $1,410 | $1,640 |
2022 Average & Median Rent Data Statistics
JACKSON, MI average 1BR rent: $844, median: $840
JACKSON, MI average 2BR rent: $1,006, median: $990
JACKSON, MI average 3BR rent: $1,314, median: $1,320
JACKSON, MI Market Loan Reason
| Loan Purpose | Originations | Total Value | Average Loan |
|---|---|---|---|
| Home Purchase | 1,662 | $341,830,000 | $205,674 |
| Cash Out Refi | 420 | $55,770,000 | $132,786 |
| Home Improvement | 354 | $21,980,000 | $62,090 |
| Other | 304 | $21,720,000 | $71,447 |
| Refi | 208 | $29,360,000 | $141,154 |
Jackson's most frequently cited loan purpose was Home Purchase, with 1,662 originations. The 2nd most popular reason was Cash Out Refi, with 420 originations.
Interest Rate Frequencies
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 6-7% | 1,066 | $189,510,000 | $177,777 |
| 7-8% | 716 | $122,230,000 | $170,712 |
| Over 8% | 483 | $37,805,000 | $78,271 |
| 5-6% | 339 | $77,645,000 | $229,041 |
| 4-5% | 19 | $4,495,000 | $236,579 |
| 3-4% | 15 | $2,465,000 | $164,333 |
| <2.5% | 4 | $2,440,000 | $610,000 |
During 2023, Jackson's most frequently originated rate bucket was 6-7%, with 1,066 originations.
Loan Sizing (JACKSON, MI MSA)
| Loan Size | Originations | Total Value | Average Loan |
|---|---|---|---|
| $100,000 or less | 1,169 | $64,765,000 | $55,402 |
| $100k-200k | 1,047 | $152,475,000 | $145,630 |
| $200k-400k | 624 | $168,960,000 | $270,769 |
| $400k-600k | 87 | $41,395,000 | $475,805 |
| $600k-1000k | 12 | $8,400,000 | $700,000 |
| $Over $1MM | 9 | $34,665,000 | $3,851,667 |
JACKSON's loan sizing saw the bucket of loans from $100,000 or less with 1,169 originations, totaling $64,765,000 in origination value.
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan |
|---|---|---|---|
| 80-100% | 1,204 | $236,600,000 | $196,512 |
| 60-80% | 500 | $113,590,000 | $227,180 |
| 20-40% | 348 | $26,810,000 | $77,040 |
| Under 20% | 288 | $11,840,000 | $41,111 |
| 40-60% | 225 | $35,405,000 | $157,356 |
| Over 100% | 24 | $8,900,000 | $370,833 |
JACKSON's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 1,204 originations, totaling $236,600,000 in origination value.