LAKE CHARLES Mortgage Rates & Closing Costs
30yr Fixed Rate
15yr Fixed Rate
FHA
USDA
VA
5/1 ARM
30 Year Fixed Rate mortgages in Lake Charles averaged
7.18%
for the week of 2024-04-18, compared to the national average of
7.1% for the same period.
The average rate for the prior week (2024-04-11) was
6.86% and
one month ago for the week of 2024-03-14, the
average rate was 6.82%.
Lake Charles's average rate one year ago was 6.15%.
For refis of the same type during the week of 2024-04-18, the average rate
was 7.39%.
| Loan Type | Date | Rate |
|---|---|---|
| US 30 Year Fixed Rate | 2024-04-18 | 7.1% |
| Lake Charles 30 Year Fixed Rate | 2024-04-18 | 7.18% |
| Lake Charles 30 Year Fixed Rate Refi | 2024-04-18 | 7.39% |
| Lake Charles 15 Year Fixed Rate | 2024-04-18 | 6.49% |
| Lake Charles 15 Year Fixed Rate Refi | 2024-04-18 | 6.59% |
| Lake Charles 30 Year FHA | 2024-04-18 | 6.67% |
| Lake Charles 30 Year FHA Refi | 2024-04-18 | 6.86% |
| Lake Charles 30 Year USDA | 2024-04-18 | 6.71% |
| Lake Charles 30 Year USDA Refi | 2024-04-18 | 6.76% |
| Lake Charles 30 Year VA | 2024-04-18 | 6.54% |
| Lake Charles 30 Year VA Refi | 2024-04-18 | 6.66% |
Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations within LAKE CHARLES, LA.
LAKE CHARLES 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 LAKE CHARLES, LA 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.).
LAKE CHARLES Average Closing Costs & Other Stats
LAKE CHARLES, LA's 93 lenders originated 2,821
loans during 2023. The total origination value was $625,025,000, with an average loan value of
$221,562.
LAKE CHARLES's average closing costs are $5,215.
The top LAKE CHARLES lender as defined by loan originations is FIDELITY BANK, with
76 loans originated. Their average total fees are
$5,434, which is $226
higher than the next largest lender,
GMFS LLC.
The lowest fee LAKE CHARLES lenders (with over 10 loans originated) are
DSLD MORTGAGE, LLC ($1,202), Jeff Davis Bancshares ($1,634), JPMorgan Chase Bank ($3,256), Red River Bank ($3,630) and DHI MORTGAGE COMPANY, LTD. ($3,646).
The lowest rate LAKE CHARLES lenders (with over 10 loans originated) are
DHI MORTGAGE COMPANY, LTD. (5.68%), DSLD MORTGAGE, LLC (5.72%), Red River Bank (6.37%), BancorpSouth (6.39%) and UNION HOME MORTGAGE CORP. (6.55%).
LAKE CHARLES, LA 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 |
|---|---|---|---|---|
| UNITED WHOLESALE MORTGAGE, LLC | $42,155,000 | $37,470,000 | -11.1% | 6.0% |
| FIDELITY BANK | $51,425,000 | $35,610,000 | -30.8% | 5.7% |
| GMFS LLC | $37,930,000 | $30,490,000 | -19.6% | 4.9% |
| First Federal Bank of Louisiana | $42,125,000 | $26,170,000 | -37.9% | 4.2% |
| Sabine State Bank and Trust Company | $10,835,000 | $25,910,000 | 139.1% | 4.1% |
| NTFN, INC. | $30,480,000 | $25,175,000 | -17.4% | 4.0% |
| First Horizon Bank | $30,510,000 | $22,210,000 | -27.2% | 3.6% |
| DSLD MORTGAGE, LLC | $16,535,000 | $19,795,000 | 19.7% | 3.2% |
| DHI MORTGAGE COMPANY, LTD. | $22,385,000 | $18,215,000 | -18.6% | 2.9% |
| QUICKEN LOANS, LLC | $31,995,000 | $17,660,000 | -44.8% | 2.8% |
| The Evangeline Bank & Trust Company | $19,930,000 | $16,415,000 | -17.6% | 2.6% |
| Lakeside Bank | $17,085,000 | $15,675,000 | -8.3% | 2.5% |
| Cedar Rapids Bank and Trust Company | $15,210,000 | n/a | 2.4% | |
| Jeff Davis Bancshares | $18,770,000 | $13,190,000 | -29.7% | 2.1% |
| NEWREZ LLC | $2,580,000 | $12,345,000 | 378.5% | 2.0% |
| BancorpSouth | $13,625,000 | $12,215,000 | -10.3% | 2.0% |
| JPMorgan Chase Bank | $13,395,000 | $11,855,000 | -11.5% | 1.9% |
| UNION HOME MORTGAGE CORP. | $2,945,000 | $11,635,000 | 295.1% | 1.9% |
| Red River Bank | $10,480,000 | $11,555,000 | 10.3% | 1.8% |
| Mortgage Research Center, LLC | $12,725,000 | $10,930,000 | -14.1% | 1.7% |
| 21ST MORTGAGE CORPORATION | $8,575,000 | $10,875,000 | 26.8% | 1.7% |
| CSE Federal Credit Union | $15,015,000 | $9,585,000 | -36.2% | 1.5% |
| b1BANK | $29,415,000 | $8,915,000 | -69.7% | 1.4% |
| Merchants & Farmers Bank & Trust Company | $16,635,000 | $8,035,000 | -51.7% | 1.3% |
| Gateway First Bank | $13,495,000 | $7,455,000 | -44.8% | 1.2% |
| AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC | $2,715,000 | $7,260,000 | 167.4% | 1.2% |
| SOUTHWEST LOUISIANA CREDIT UNION | $14,805,000 | $6,635,000 | -55.2% | 1.1% |
| Citizens Bank | $29,270,000 | $6,400,000 | -78.1% | 1.0% |
| Hancock Whitney Bank | $7,895,000 | $6,400,000 | -18.9% | 1.0% |
| VANDERBILT MORTGAGE AND FINANCE, INC. | $3,330,000 | $6,305,000 | 89.3% | 1.0% |
| First National Bank in DeRidder | $12,935,000 | $5,670,000 | -56.2% | 0.9% |
| The Bank | $11,255,000 | $5,450,000 | -51.6% | 0.9% |
| ORIX REAL ESTATE CAPITAL, LLC | $5,195,000 | n/a | 0.8% | |
| Regions Bank | $1,380,000 | $4,770,000 | 245.7% | 0.8% |
| FREEDOM MORTGAGE CORPORATION | $12,790,000 | $4,675,000 | -63.4% | 0.7% |
| NAVY FEDERAL CREDIT UNION | $2,935,000 | $4,505,000 | 53.5% | 0.7% |
| T2 FINANCIAL LLC | $4,395,000 | n/a | 0.7% | |
| THE MORTGAGE FIRM, INC. | $8,820,000 | $4,260,000 | -51.7% | 0.7% |
| LOANDEPOT.COM, LLC | $27,865,000 | $4,205,000 | -84.9% | 0.7% |
| Investar Bank | $4,115,000 | $4,150,000 | 0.9% | 0.7% |
| Community First Bank | $675,000 | $3,950,000 | 485.2% | 0.6% |
| Chickasaw Community Bank | $1,190,000 | $3,845,000 | 223.1% | 0.6% |
| PENNYMAC LOAN SERVICES, LLC | $6,710,000 | $3,760,000 | -44.0% | 0.6% |
| WALKER & DUNLOP, LLC | $3,625,000 | n/a | 0.6% | |
| AMERICAN PACIFIC MORTGAGE CORPORATION | $340,000 | $3,595,000 | 957.4% | 0.6% |
| Wells Fargo Bank | $6,200,000 | $3,585,000 | -42.2% | 0.6% |
| MORTGAGE FINANCIAL SERVICES, LLC | $8,485,000 | $3,480,000 | -59.0% | 0.6% |
| Nations Lending Corporation | $5,790,000 | $3,305,000 | -42.9% | 0.5% |
| FIRST NATIONAL BANK OF LA | $9,855,000 | $3,290,000 | -66.6% | 0.5% |
| AMERICAN FINANCIAL NETWORK, INC. | $3,075,000 | n/a | 0.5% | |
| USAA Federal Savings Bank | $2,485,000 | $3,060,000 | 23.1% | 0.5% |
| Renasant Bank | $705,000 | $2,730,000 | 287.2% | 0.4% |
| Plains Commerce Bank | $1,240,000 | $2,465,000 | 98.8% | 0.4% |
| CARDINAL FINANCIAL | $3,425,000 | $2,290,000 | -33.1% | 0.4% |
| DAS Acquisition Company, LLC | $3,985,000 | $2,225,000 | -44.2% | 0.4% |
| AMERICAN FINANCIAL RESOURCES, INC. | $2,565,000 | $2,030,000 | -20.9% | 0.3% |
| Morgan Stanley Private Bank | $4,555,000 | $1,950,000 | -57.2% | 0.3% |
| Bank of America | $840,000 | $1,945,000 | 131.5% | 0.3% |
| EUSTIS AND AMERICAN MORTGAGE COMPANY | $4,010,000 | $1,935,000 | -51.7% | 0.3% |
| Mr. Cooper ( Nationstar Mortgage ) | $5,430,000 | $1,755,000 | -67.7% | 0.3% |
| AMERISAVE MORTGAGE CORPORATION | $6,895,000 | $1,720,000 | -75.1% | 0.3% |
| Home Bank | $940,000 | $1,535,000 | 63.3% | 0.2% |
| PREMIA MORTGAGE, LLC | $3,025,000 | $1,525,000 | -49.6% | 0.2% |
| FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $1,980,000 | $1,365,000 | -31.1% | 0.2% |
| TRIAD FINANCIAL SERVICES, INC. | $3,375,000 | $1,330,000 | -60.6% | 0.2% |
| MID AMERICA MORTGAGE, INC. | $220,000 | $1,150,000 | 422.7% | 0.2% |
| PRIMELENDING, A PLAINSCAPITAL COMPANY | $540,000 | $1,095,000 | 102.8% | 0.2% |
| CRESCENT MORTGAGE COMPANY | $10,165,000 | $1,065,000 | -89.5% | 0.2% |
| Flagstar Bank, FSB | $1,855,000 | $995,000 | -46.4% | 0.2% |
| U.S. Bank | $450,000 | $955,000 | 112.2% | 0.2% |
| Equity Prime Mortgage LLC | $920,000 | $940,000 | 2.2% | 0.2% |
| First Guaranty Bank | $1,510,000 | $925,000 | -38.7% | 0.1% |
| STOCKTON MORTGAGE CORPORATION | $305,000 | $860,000 | 182.0% | 0.1% |
| NP, Inc. | $4,120,000 | $835,000 | -79.7% | 0.1% |
| CMG MORTGAGE, INC. | $180,000 | $830,000 | 361.1% | 0.1% |
| Assurance Financial Group, L.L.C. | $2,805,000 | $765,000 | -72.7% | 0.1% |
| Goldman Sachs Bank USA | $725,000 | n/a | 0.1% | |
| LIMA ONE CAPITAL, LLC | $3,905,000 | $715,000 | -81.7% | 0.1% |
| OCMBC, INC. | $690,000 | n/a | 0.1% | |
| DOMINION FINANCIAL SERVICES, LLC | $685,000 | n/a | 0.1% | |
| LAKEVIEW LOAN SERVICING, LLC | $1,600,000 | $665,000 | -58.4% | 0.1% |
| BROKER SOLUTIONS, INC. | $1,395,000 | $655,000 | -53.0% | 0.1% |
| CREDIT HUMAN FEDERAL CREDIT UNION | $210,000 | $635,000 | 202.4% | 0.1% |
| MUTUAL OF OMAHA MORTGAGE, INC. | $1,020,000 | $630,000 | -38.2% | 0.1% |
| MORTGAGE SOLUTIONS OF COLORADO, LLC | $205,000 | $625,000 | 204.9% | 0.1% |
| BARKSDALE | $1,135,000 | $620,000 | -45.4% | 0.1% |
| ARC HOME LLC | $605,000 | n/a | 0.1% | |
| ENCORE BANK | $595,000 | n/a | 0.1% | |
| NEW DAY FINANCIAL, LLC | $1,910,000 | $595,000 | -68.8% | 0.1% |
| Discover Bank | $250,000 | $580,000 | 132.0% | 0.1% |
| PENTAGON FEDERAL CREDIT UNION | $1,740,000 | $570,000 | -67.2% | 0.1% |
| PLAZA HOME MORTGAGE, INC. | $605,000 | $550,000 | -9.1% | 0.1% |
| Carrington Mortgage Services, LLC | $1,530,000 | $535,000 | -65.0% | 0.1% |
| COUNTRYPLACE MORTGAGE, LTD. | $550,000 | $530,000 | -3.6% | 0.1% |
| LENDINGONE, LLC | $515,000 | n/a | 0.1% | |
| Progressive Bank | $505,000 | n/a | 0.1% | |
| Raymond James Bank | $495,000 | n/a | 0.1% | |
| SIRVA MORTGAGE, INC. | $470,000 | n/a | 0.1% | |
| M&T Bank | $75,000 | $450,000 | 500.0% | 0.1% |
| AmeriHome Mortgage Company, LLC | $740,000 | $445,000 | -39.9% | 0.1% |
| Pelican State Credit Union | $2,280,000 | $445,000 | -80.5% | 0.1% |
| FINANCE OF AMERICA REVERSE LLC | $155,000 | $430,000 | 177.4% | 0.1% |
| V.I.P. MORTGAGE, INC. | $430,000 | n/a | 0.1% | |
| SOUTHWEST STAGE FUNDING, LLC | $105,000 | $425,000 | 304.8% | 0.1% |
| Gulf Coast Bank and Trust Company | $265,000 | $420,000 | 58.5% | 0.1% |
| EASTMAN | $410,000 | n/a | 0.1% | |
| HOMEBRIDGE FINANCIAL SERVICES, INC. | $195,000 | $400,000 | 105.1% | 0.1% |
| FBC MORTGAGE, LLC | $265,000 | $370,000 | 39.6% | 0.1% |
| CLEARPATH LENDING | $325,000 | $365,000 | 12.3% | 0.1% |
| Secured Investment Corp. | $1,490,000 | $360,000 | -75.8% | 0.1% |
| ANGEL OAK MORTGAGE SOLUTIONS LLC | $355,000 | n/a | 0.1% | |
| BNC National Bank | $275,000 | $355,000 | 29.1% | 0.1% |
| AMERICAN INTERNET MORTGAGE, INC. | $135,000 | $345,000 | 155.6% | 0.1% |
| Farmers-Merchants Bank & Trust Company | $380,000 | $325,000 | -14.5% | 0.1% |
| HOMESTEAD FUNDING CORP. | $315,000 | n/a | 0.1% | |
| First National Bank of America | $450,000 | $300,000 | -33.3% | 0.0% |
| Coastal Community Bank | $295,000 | n/a | 0.0% | |
| The First National Bank of Jeanerette | $1,195,000 | $285,000 | -76.2% | 0.0% |
| Waterstone Mortgage Corporation | $285,000 | n/a | 0.0% | |
| Farmers Bank & Trust | $275,000 | n/a | 0.0% | |
| MEMBER HOME LOAN, L.L.C. | $165,000 | $275,000 | 66.7% | 0.0% |
| PNC Bank | $2,085,000 | $270,000 | -87.1% | 0.0% |
| CROSSCOUNTRY MORTGAGE, LLC | $850,000 | $265,000 | -68.8% | 0.0% |
| Barrington Bank & Trust Company, N.A. | $495,000 | $260,000 | -47.5% | 0.0% |
| Vermilion Bank & Trust Company | $260,000 | n/a | 0.0% | |
| EFCU FINANCIAL | $90,000 | $255,000 | 183.3% | 0.0% |
| LIBERTY HOME MORTGAGE CORPORATION | $255,000 | n/a | 0.0% | |
| TOP FLITE FINANCIAL, INC. | $255,000 | n/a | 0.0% | |
| Rayne Building and Loan Association | $415,000 | $245,000 | -41.0% | 0.0% |
| Republic State Mortgage Co. | $630,000 | $245,000 | -61.1% | 0.0% |
| Truity Federal Credit Union | $245,000 | n/a | 0.0% | |
| INSPIRE HOME LOANS INC. | $235,000 | n/a | 0.0% | |
| RESIDENTIAL BANCORP | $235,000 | n/a | 0.0% | |
| First Federal Bank | $165,000 | $225,000 | 36.4% | 0.0% |
| Quontic Bank | $285,000 | $225,000 | -21.1% | 0.0% |
| Prosperity Home Mortgage, LLC | $220,000 | n/a | 0.0% | |
| Sunflower Bank | $215,000 | n/a | 0.0% | |
| AMWEST FUNDING CORP. | $205,000 | n/a | 0.0% | |
| FIRST COMMUNITY MORTGAGE, INC. | $205,000 | n/a | 0.0% | |
| LEGEND LENDING CORPORATION | $205,000 | n/a | 0.0% | |
| CIS Financial Services, Inc. | $285,000 | $195,000 | -31.6% | 0.0% |
| HOMEXPRESS MORTGAGE CORP. | $195,000 | n/a | 0.0% | |
| THE MORTGAGE LINK, INC. | $195,000 | n/a | 0.0% | |
| ANECA Federal Credit Union | $185,000 | n/a | 0.0% | |
| Paramount Residential Mortgage Group, Inc. | $335,000 | $185,000 | -44.8% | 0.0% |
| South State Bank | $185,000 | n/a | 0.0% | |
| VILLAGE CAPITAL MORTGAGE | $1,225,000 | $185,000 | -84.9% | 0.0% |
| CITY FIRST MORTGAGE SERVICES, L.L.C. | $175,000 | n/a | 0.0% | |
| NUMARK CREDIT UNION | $105,000 | $175,000 | 66.7% | 0.0% |
| GUILD MORTGAGE COMPANY | $715,000 | $165,000 | -76.9% | 0.0% |
| NATIONS RELIABLE LENDING, LLC | $7,890,000 | $165,000 | -97.9% | 0.0% |
| AMERITRUST MORTGAGE CORPORATION | $155,000 | n/a | 0.0% | |
| Simmons Bank | $155,000 | n/a | 0.0% | |
| Bank of England | $625,000 | $145,000 | -76.8% | 0.0% |
| GSF Mortgage Corporation | $245,000 | $145,000 | -40.8% | 0.0% |
| LAND HOME FINANCIAL SERVICES, INC. | $145,000 | n/a | 0.0% | |
| PHH Mortgage Corporation | $310,000 | $145,000 | -53.2% | 0.0% |
| CSL Financial, LLC | $915,000 | $140,000 | -84.7% | 0.0% |
| M C Bank & Trust Company | $140,000 | n/a | 0.0% | |
| Ally Bank | $2,495,000 | $135,000 | -94.6% | 0.0% |
| ZILLOW HOME LOANS, LLC | $135,000 | n/a | 0.0% | |
| ROYAL UNITED MORTGAGE LLC | $480,000 | $130,000 | -72.9% | 0.0% |
| Commerce Home Mortgage, Inc. | $785,000 | $125,000 | -84.1% | 0.0% |
| BETTER MORTGAGE CORPORATION | $1,555,000 | $115,000 | -92.6% | 0.0% |
| Magnolia Bank | $155,000 | $115,000 | -25.8% | 0.0% |
| TIB The Independent Bankersbank | $115,000 | n/a | 0.0% | |
| CHEVRON | $105,000 | n/a | 0.0% | |
| Guaranty Bank & Trust Company of Delhi, Louisiana | $105,000 | n/a | 0.0% | |
| STANDARD MORTGAGE CORPORATION | $400,000 | $105,000 | -73.8% | 0.0% |
| HOMESIDE FINANCIAL, LLC | $340,000 | $95,000 | -72.1% | 0.0% |
| VELOCITY COMMERCIAL CAPITAL, LLC | $95,000 | n/a | 0.0% | |
| OPEN MORTGAGE, LLC | $75,000 | $75,000 | 0.0% | 0.0% |
| Bank of Springfield | $65,000 | n/a | 0.0% | |
| LONGBRIDGE FINANCIAL, LLC | $65,000 | n/a | 0.0% | |
| Sterling Bank | $65,000 | n/a | 0.0% | |
| Evolve Bank & Trust | $55,000 | n/a | 0.0% | |
| First National Bank | $45,000 | $55,000 | 22.2% | 0.0% |
| Home Loan Investment Bank, F.S.B. | $40,000 | $50,000 | 25.0% | 0.0% |
| APCI Federal Credit Union | $45,000 | n/a | 0.0% | |
| MidFirst Bank | $25,000 | $35,000 | 40.0% | 0.0% |
| Figure Lending LLC | $350,000 | $25,000 | -92.9% | 0.0% |
| United Community Bank | $130,000 | $15,000 | -88.5% | 0.0% |
LAKE CHARLES's top lender by overall market share is UNITED WHOLESALE MORTGAGE, LLC, with 6.0% market share. In second place, with 5.7%, is FIDELITY BANK, having originated $35,610,000 in loans. In third place, with 4.9%, is GMFS LLC, having originated $30,490,000 in loans. In fourth place, with 4.2%, is First Federal Bank of Louisiana, having originated $26,170,000 in loans. In fifth place, with 4.1%, is Sabine State Bank and Trust Company, having originated $25,910,000 in loans.
LAKE CHARLES Housing Market Trends (Median, Average Prices & Listing Count)
Realtor.com - LAKE CHARLES (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 | $231,000 (-3.7%) | $294,716 (-11.0%) | 0.86 | 849 |
| 2018-02-01 | $229,250 (-4.3%) | $290,130 (-11.5%) | 0.83 | 838 |
| 2018-03-01 | $234,900 (-4.5%) | $293,049 (-12.0%) | 0.82 | 825 |
| 2018-04-01 | $235,250 (-5.9%) | $293,284 (-13.0%) | 0.80 | 817 |
| 2018-05-01 | $244,500 (-2.2%) | $306,979 (-11.0%) | 0.82 | 803 |
| 2018-06-01 | $240,000 (-3.7%) | $300,900 (-12.1%) | 0.80 | 885 |
| 2018-07-01 | $235,000 (-4.5%) | $296,453 (-9.7%) | 0.78 | 914 |
| 2018-08-01 | $239,925 (-0.9%) | $325,459 (4.2%) | 0.80 | 933 |
| 2018-09-01 | $235,958 (-1.6%) | $319,951 (5.1%) | 0.79 | 952 |
| 2018-10-01 | $235,479 (-0.6%) | $313,600 (3.8%) | 0.80 | 978 |
| 2018-11-01 | $234,358 (0.7%) | $316,874 (5.2%) | 0.79 | 987 |
| 2018-12-01 | $234,700 (0.5%) | $322,782 (7.8%) | 0.81 | 979 |
| 2019-01-01 | $234,950 (1.7%) | $318,136 (8.0%) | 0.81 | 973 |
| 2019-02-01 | $236,860 (3.3%) | $316,143 (9.0%) | 0.80 | 974 |
| 2019-03-01 | $238,999 (1.8%) | $320,703 (9.4%) | 0.78 | 950 |
| 2019-04-01 | $239,636 (1.9%) | $326,348 (11.3%) | 0.76 | 928 |
| 2019-05-01 | $241,700 (-1.2%) | $335,309 (9.2%) | 0.76 | 901 |
| 2019-06-01 | $240,667 (0.3%) | $328,390 (9.1%) | 0.75 | 879 |
| 2019-07-01 | $239,375 (1.9%) | $322,993 (9.0%) | 0.75 | 940 |
| 2019-08-01 | $235,827 (-1.7%) | $318,585 (-2.1%) | 0.75 | 965 |
| 2019-09-01 | $232,268 (-1.6%) | $317,460 (-0.8%) | 0.74 | 966 |
| 2019-10-01 | $230,000 (-2.3%) | $319,554 (1.9%) | 0.74 | 957 |
| 2019-11-01 | $229,950 (-1.9%) | $318,376 (0.5%) | 0.75 | 948 |
| 2019-12-01 | $220,000 (-6.3%) | $259,380 (-19.6%) | 0.73 | 850 |
| 2020-01-01 | $219,900 (-6.4%) | $261,329 (-17.9%) | 0.73 | 836 |
| 2020-02-01 | $223,700 (-5.6%) | $264,697 (-16.3%) | 0.73 | 845 |
| 2020-03-01 | $220,950 (-7.6%) | $270,241 (-15.7%) | 0.69 | 862 |
| 2020-04-01 | $219,600 (-8.4%) | $269,577 (-17.4%) | 0.69 | 886 |
| 2020-05-01 | $220,990 (-8.6%) | $273,204 (-18.5%) | 0.67 | 866 |
| 2020-06-01 | $224,812 (-6.6%) | $280,946 (-14.5%) | 0.66 | 853 |
| 2020-07-01 | $224,775 (-6.1%) | $284,137 (-12.0%) | 0.65 | 837 |
| 2020-08-01 | $220,900 (-6.3%) | $286,257 (-10.2%) | 0.63 | 839 |
| 2020-09-01 | $221,225 (-4.8%) | $285,808 (-10.0%) | 0.63 | 674 |
| 2020-10-01 | $225,500 (-2.0%) | $291,843 (-8.7%) | 0.65 | 554 |
| 2020-11-01 | $228,858 (-0.5%) | $282,198 (-11.4%) | 0.67 | 507 |
| 2020-12-01 | $229,600 (4.4%) | $278,805 (7.5%) | 0.68 | 479 |
| 2021-01-01 | $234,500 (6.6%) | $279,397 (6.9%) | 0.70 | 449 |
| 2021-02-01 | $242,500 (8.4%) | $294,010 (11.1%) | 0.71 | 403 |
| 2021-03-01 | $238,450 (7.9%) | $291,157 (7.7%) | 0.68 | 364 |
| 2021-04-01 | $236,920 (7.9%) | $289,688 (7.5%) | 0.64 | 346 |
| 2021-05-01 | $231,999 (5.0%) | $296,690 (8.6%) | 0.62 | 307 |
| 2021-06-01 | $230,750 (2.6%) | $294,126 (4.7%) | 0.61 | 300 |
| 2021-07-01 | $234,200 (4.2%) | $291,448 (2.6%) | 0.62 | 343 |
| 2021-08-01 | $231,500 (4.8%) | $292,828 (2.3%) | 0.62 | 375 |
| 2021-09-01 | $231,500 (4.6%) | $285,080 (-0.3%) | 0.62 | 420 |
| 2021-10-01 | $224,900 (-0.3%) | $278,038 (-4.7%) | 0.60 | 465 |
| 2021-11-01 | $219,675 (-4.0%) | $270,784 (-4.0%) | 0.59 | 506 |
| 2021-12-01 | $216,375 (-5.8%) | $262,106 (-6.0%) | 0.59 | 524 |
| 2022-01-01 | $223,900 (-4.5%) | $265,414 (-5.0%) | 0.61 | 494 |
| 2022-02-01 | $218,075 (-10.1%) | $266,044 (-9.5%) | 0.57 | 487 |
| 2022-03-01 | $219,900 (-7.8%) | $267,113 (-8.3%) | 0.55 | 469 |
| 2022-04-01 | $218,900 (-7.6%) | $279,878 (-3.4%) | 0.52 | 467 |
| 2022-05-01 | $220,000 (-5.2%) | $285,888 (-3.6%) | 0.50 | 510 |
| 2022-06-01 | $237,100 (2.8%) | $291,517 (-0.9%) | 0.53 | 586 |
| 2022-07-01 | $239,900 (2.4%) | $286,760 (-1.6%) | 0.54 | 659 |
| 2022-08-01 | $234,225 (1.2%) | $279,878 (-4.4%) | 0.54 | 715 |
| 2022-09-01 | $229,500 (-0.9%) | $273,866 (-3.9%) | 0.54 | 757 |
| 2022-10-01 | $237,900 (5.8%) | $277,279 (-0.3%) | 0.56 | 821 |
| 2022-11-01 | $238,575 (8.6%) | $274,424 (1.3%) | 0.57 | 864 |
| 2022-12-01 | $235,000 (8.6%) | $271,946 (3.8%) | 0.58 | 878 |
| 2023-01-01 | $236,225 (5.5%) | $276,139 (4.0%) | 0.59 | 836 |
| 2023-02-01 | $229,475 (5.2%) | $271,433 (2.0%) | 0.55 | 815 |
| 2023-03-01 | $236,750 (7.7%) | $281,413 (5.4%) | 0.56 | 823 |
| 2023-04-01 | $235,000 (7.4%) | $284,281 (1.6%) | 0.55 | 811 |
| 2023-05-01 | $242,400 (10.2%) | $294,189 (2.9%) | 0.55 | 893 |
| 2023-06-01 | $249,450 (5.2%) | $298,551 (2.4%) | 0.56 | 876 |
| 2023-07-01 | $249,000 (3.8%) | $293,884 (2.5%) | 0.57 | 907 |
| 2023-08-01 | $241,350 (3.0%) | $293,122 (4.7%) | 0.55 | 921 |
| 2023-09-01 | $238,745 (4.0%) | $287,317 (4.9%) | 0.56 | 930 |
| 2023-10-01 | $239,200 (0.6%) | $290,705 (4.8%) | 0.56 | 921 |
| 2023-11-01 | $239,675 (0.5%) | $288,707 (5.2%) | 0.57 | 906 |
| 2023-12-01 | $239,999 (2.1%) | $289,403 (6.4%) | 0.59 | 888 |
| 2024-01-01 | $239,950 (1.6%) | $289,436 (4.8%) | 0.59 | 835 |
| 2024-02-01 | $244,400 (6.5%) | $292,779 (7.9%) | 0.59 | 882 |
| 2024-03-01 | $245,000 (3.5%) | $298,297 (6.0%) | 0.58 | 916 |
LAKE CHARLES's median listing price for 2024-03-01 was $245,000, a difference of
$8,250
(3.5%) versus the prior year and
$600 versus the prior month.
LAKE CHARLES's median listing price comes in at 58% of the national average.
LAKE CHARLES's average listing price for 2024-03-01 was $298,297, a difference of $16,884 (6.0%) versus the prior year and $5,518 versus the prior month.
For the 2024-03-01 period, LAKE CHARLES had 916 MLS listings, a difference of 34 listings (4%) versus the prior month and 93 listings (11%) versus the prior year.
LAKE CHARLES's median listing price comes in at 58% of the national average.
LAKE CHARLES's average listing price for 2024-03-01 was $298,297, a difference of $16,884 (6.0%) versus the prior year and $5,518 versus the prior month.
For the 2024-03-01 period, LAKE CHARLES had 916 MLS listings, a difference of 34 listings (4%) versus the prior month and 93 listings (11%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - LAKE CHARLES (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis| Date | Median Listing Time on Market | Median Square Footage |
|---|---|---|
| 2018-01-01 | 84 days | 1,961 sqft |
| 2018-02-01 | 88 days | 1,928 sqft |
| 2018-03-01 | 80 days | 1,940 sqft |
| 2018-04-01 | 71 days | 1,946 sqft |
| 2018-05-01 | 69 days | 1,996 sqft |
| 2018-06-01 | 69 days | 2,000 sqft |
| 2018-07-01 | 74 days | 1,982 sqft |
| 2018-08-01 | 79 days | 2,007 sqft |
| 2018-09-01 | 81 days | 1,984 sqft |
| 2018-10-01 | 79 days | 1,991 sqft |
| 2018-11-01 | 83 days | 1,985 sqft |
| 2018-12-01 | 87 days | 1,982 sqft |
| 2019-01-01 | 90 days | 1,983 sqft |
| 2019-02-01 | 94 days | 1,986 sqft |
| 2019-03-01 | 82 days | 1,991 sqft |
| 2019-04-01 | 75 days | 2,009 sqft |
| 2019-05-01 | 76 days | 2,021 sqft |
| 2019-06-01 | 76 days | 2,017 sqft |
| 2019-07-01 | 79 days | 2,009 sqft |
| 2019-08-01 | 79 days | 1,998 sqft |
| 2019-09-01 | 81 days | 1,989 sqft |
| 2019-10-01 | 82 days | 1,993 sqft |
| 2019-11-01 | 88 days | 2,000 sqft |
| 2019-12-01 | 89 days | 1,890 sqft |
| 2020-01-01 | 91 days | 1,877 sqft |
| 2020-02-01 | 92 days | 1,889 sqft |
| 2020-03-01 | 71 days | 1,889 sqft |
| 2020-04-01 | 78 days | 1,882 sqft |
| 2020-05-01 | 80 days | 1,894 sqft |
| 2020-06-01 | 81 days | 1,900 sqft |
| 2020-07-01 | 77 days | 1,899 sqft |
| 2020-08-01 | 75 days | 1,900 sqft |
| 2020-09-01 | 86 days | 1,900 sqft |
| 2020-10-01 | 98 days | 1,900 sqft |
| 2020-11-01 | 100 days | 1,900 sqft |
| 2020-12-01 | 67 days | 1,898 sqft |
| 2021-01-01 | 70 days | 1,899 sqft |
| 2021-02-01 | 60 days | 1,897 sqft |
| 2021-03-01 | 58 days | 1,880 sqft |
| 2021-04-01 | 55 days | 1,886 sqft |
| 2021-05-01 | 53 days | 1,889 sqft |
| 2021-06-01 | 52 days | 1,893 sqft |
| 2021-07-01 | 47 days | 1,886 sqft |
| 2021-08-01 | 51 days | 1,892 sqft |
| 2021-09-01 | 53 days | 1,886 sqft |
| 2021-10-01 | 58 days | 1,858 sqft |
| 2021-11-01 | 65 days | 1,842 sqft |
| 2021-12-01 | 69 days | 1,813 sqft |
| 2022-01-01 | 72 days | 1,825 sqft |
| 2022-02-01 | 62 days | 1,812 sqft |
| 2022-03-01 | 57 days | 1,834 sqft |
| 2022-04-01 | 54 days | 1,810 sqft |
| 2022-05-01 | 52 days | 1,841 sqft |
| 2022-06-01 | 53 days | 1,876 sqft |
| 2022-07-01 | 54 days | 1,902 sqft |
| 2022-08-01 | 60 days | 1,889 sqft |
| 2022-09-01 | 64 days | 1,885 sqft |
| 2022-10-01 | 70 days | 1,880 sqft |
| 2022-11-01 | 77 days | 1,877 sqft |
| 2022-12-01 | 89 days | 1,875 sqft |
| 2023-01-01 | 97 days | 1,882 sqft |
| 2023-02-01 | 97 days | 1,852 sqft |
| 2023-03-01 | 92 days | 1,881 sqft |
| 2023-04-01 | 78 days | 1,875 sqft |
| 2023-05-01 | 72 days | 1,880 sqft |
| 2023-06-01 | 78 days | 1,895 sqft |
| 2023-07-01 | 80 days | 1,895 sqft |
| 2023-08-01 | 78 days | 1,880 sqft |
| 2023-09-01 | 78 days | 1,875 sqft |
| 2023-10-01 | 85 days | 1,882 sqft |
| 2023-11-01 | 90 days | 1,857 sqft |
| 2023-12-01 | 94 days | 1,860 sqft |
| 2024-01-01 | 102 days | 1,867 sqft |
| 2024-02-01 | 94 days | 1,876 sqft |
| 2024-03-01 | 80 days | 1,880 sqft |
LAKE CHARLES's median listing age (time on market) for 2024-03-01 was 80 days.
This
is -13%
shorter
than the same period one year ago.
LAKE CHARLES's median square footage for active listings during the 2024-03-01 period was 1,880 sqft. One year prior, the average listing was 1,881 sqft.
LAKE CHARLES's median square footage for active listings during the 2024-03-01 period was 1,880 sqft. One year prior, the average listing was 1,881 sqft.
LAKE CHARLES, LA 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 |
|---|---|---|---|---|---|---|
| 70542 | Lake Charles, LA MSA | $600 | $690 | $800 | $1,000 | $1,120 |
| 70549 | Lake Charles, LA MSA | $600 | $620 | $800 | $1,000 | $1,120 |
| 70601 | Lake Charles, LA MSA | $750 | $760 | $980 | $1,230 | $1,320 |
| 70602 | Lake Charles, LA MSA | $750 | $760 | $980 | $1,230 | $1,320 |
| 70605 | Lake Charles, LA MSA | $970 | $980 | $1,260 | $1,580 | $1,690 |
| 70606 | Lake Charles, LA MSA | $750 | $770 | $980 | $1,230 | $1,320 |
| 70607 | Lake Charles, LA MSA | $720 | $730 | $940 | $1,180 | $1,260 |
| 70611 | Lake Charles, LA MSA | $750 | $760 | $980 | $1,230 | $1,320 |
| 70612 | Lake Charles, LA MSA | $750 | $760 | $980 | $1,230 | $1,320 |
| 70615 | Lake Charles, LA MSA | $740 | $750 | $960 | $1,210 | $1,290 |
| 70616 | Lake Charles, LA MSA | $750 | $760 | $980 | $1,230 | $1,320 |
| 70629 | Lake Charles, LA MSA | $750 | $760 | $980 | $1,230 | $1,320 |
| 70630 | Lake Charles, LA MSA | $620 | $620 | $800 | $1,010 | $1,120 |
| 70631 | Lake Charles, LA MSA | $740 | $770 | $960 | $1,230 | $1,310 |
| 70632 | Lake Charles, LA MSA | $780 | $790 | $1,010 | $1,270 | $1,360 |
| 70633 | Lake Charles, LA MSA | $710 | $720 | $930 | $1,160 | $1,240 |
| 70643 | Lake Charles, LA MSA | $600 | $670 | $800 | $1,000 | $1,120 |
| 70645 | Lake Charles, LA MSA | $830 | $840 | $1,080 | $1,360 | $1,450 |
| 70646 | Lake Charles, LA MSA | $600 | $620 | $800 | $1,000 | $1,120 |
| 70647 | Lake Charles, LA MSA | $750 | $760 | $980 | $1,230 | $1,320 |
| 70657 | Lake Charles, LA MSA | $720 | $730 | $940 | $1,180 | $1,260 |
| 70661 | Lake Charles, LA MSA | $600 | $620 | $800 | $1,000 | $1,120 |
| 70663 | Lake Charles, LA MSA | $750 | $760 | $970 | $1,220 | $1,300 |
| 70664 | Lake Charles, LA MSA | $750 | $760 | $980 | $1,230 | $1,320 |
| 70665 | Lake Charles, LA MSA | $890 | $910 | $1,160 | $1,460 | $1,560 |
| 70668 | Lake Charles, LA MSA | $640 | $650 | $830 | $1,040 | $1,120 |
| 70669 | Lake Charles, LA MSA | $900 | $910 | $1,170 | $1,470 | $1,570 |
2022 Average & Median Rent Data Statistics
LAKE CHARLES, LA average 1BR rent: $749, median: $760
LAKE CHARLES, LA average 2BR rent: $957, median: $980
LAKE CHARLES, LA average 3BR rent: $1,201, median: $1,230
LAKE CHARLES, LA Market Loan Reason
| Loan Purpose | Originations | Total Value | Average Loan |
|---|---|---|---|
| Home Purchase | 1,914 | $443,610,000 | $231,771 |
| Refi | 497 | $127,365,000 | $256,268 |
| Cash Out Refi | 218 | $33,540,000 | $153,853 |
| Other | 103 | $10,655,000 | $103,447 |
| Home Improvement | 89 | $9,855,000 | $110,730 |
Lake Charles's most frequently cited loan purpose was Home Purchase, with 1,914 originations. The 2nd most popular reason was Refi, with 497 originations.
Interest Rate Frequencies
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 6-7% | 903 | $198,415,000 | $219,729 |
| 7-8% | 679 | $153,935,000 | $226,708 |
| Over 8% | 423 | $64,175,000 | $151,714 |
| 5-6% | 383 | $90,225,000 | $235,574 |
| 4-5% | 106 | $21,980,000 | $207,358 |
| 2.5-3% | 25 | $3,305,000 | $132,200 |
| 3-4% | 9 | $1,475,000 | $163,889 |
| <2.5% | 4 | $5,800,000 | $1,450,000 |
During 2023, Lake Charles's most frequently originated rate bucket was 6-7%, with 903 originations.
Loan Sizing (LAKE CHARLES, LA MSA)
| Loan Size | Originations | Total Value | Average Loan |
|---|---|---|---|
| $100k-200k | 1,004 | $150,530,000 | $149,930 |
| $200k-400k | 973 | $255,355,000 | $262,441 |
| $100,000 or less | 647 | $39,895,000 | $61,662 |
| $400k-600k | 125 | $59,465,000 | $475,720 |
| $600k-1000k | 41 | $29,815,000 | $727,195 |
| $Over $1MM | 31 | $89,965,000 | $2,902,097 |
LAKE CHARLES's loan sizing saw the bucket of loans from $100k-200k with 1,004 originations, totaling $150,530,000 in origination value.
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan |
|---|---|---|---|
| 80-100% | 1,372 | $301,920,000 | $220,058 |
| 60-80% | 518 | $118,950,000 | $229,633 |
| 40-60% | 238 | $45,440,000 | $190,924 |
| 20-40% | 225 | $24,605,000 | $109,356 |
| Under 20% | 98 | $21,630,000 | $220,714 |
| Over 100% | 61 | $14,455,000 | $236,967 |
LAKE CHARLES's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 1,372 originations, totaling $301,920,000 in origination value.