Austin Mortgage Rates & Closing Costs

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  • Trends
  • Rates vs. Fees
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  • Loan Attributes
    • 30yr Fixed Rate 15yr Fixed Rate FHA USDA VA 5/1 ARM

    30 Year Fixed Rate mortgages in Austin averaged 6.8% for the week of 2025-04-10, compared to the national average of 6.62% for the same period.

    The average rate for the prior week (2025-04-03) was 6.62% and one month ago for the week of 2025-03-06, the average rate was 7.01%.

    Austin's average rate one year ago was 6.9%.

    For refis of the same type during the week of 2025-04-10, the average rate was 6.92%.

    Loan Type Date Rate
    US 30 Year Fixed Rate 2025-04-10 6.62%
    Austin 30 Year Fixed Rate 2025-04-10 6.8%
    Austin 30 Year Fixed Rate Refi 2025-04-10 6.92%
    Austin 15 Year Fixed Rate 2025-04-10 6.02%
    Austin 15 Year Fixed Rate Refi 2025-04-10 6.32%
    Austin 30 Year FHA 2025-04-10 6.64%
    Austin 30 Year FHA Refi 2025-04-10 6.63%
    Austin 30 Year USDA 2025-04-10 6.25%
    Austin 30 Year USDA Refi 2025-04-10 6.65%
    Austin 30 Year VA 2025-04-10 6.19%
    Austin 30 Year VA Refi 2025-04-10 6.29%
    Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations within Austin, MN.

    Austin 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 Austin, MN 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 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 74 6.95% $5,180
    Alerus Financial 26 6.63% $3,846
    LAND HOME FINANCIAL SERVICES, INC. 21 7.08% $5,691
    QUICKEN LOANS, LLC 18 6.42% $5,780
    Bell Bank 17 6.43% $6,142
    U.S. Bank 11 7.07% $4,339
    UNION HOME MORTGAGE CORP. 10 6.91% $6,848
    UNITED WHOLESALE MORTGAGE, LLC 10 6.97% $5,166
    Wells Fargo Bank 9 6.56% $5,518
    HOMESIDE FINANCIAL, LLC 9 6.78% $4,484
    Plains Commerce Bank 6 7.31% $3,886
    Merchants Bank 6 6.91% $4,811
    GUARANTEED RATE, INC. 6 6.63% $3,875
    NEWREZ LLC 6 6.83% $4,021
    Bremer Bank 5 6.60% $4,099
    MOVEMENT MORTGAGE, LLC 5 7.25% $4,221
    ALTRA 4 6.87% $4,668
    PREMIA MORTGAGE, LLC 4 6.72% $3,507
    NAVY FEDERAL CREDIT UNION 3 6.58% $3,287
    LOANDEPOT.COM, LLC 3 6.71% $7,841
    COMPEER FINANCIAL, FLCA 3 7.29% $3,876
    BAY EQUITY LLC 3 6.58% $5,341
    First National Bank of America 3 9.54% $6,305
    Think Mutual Bank 3 6.79% $4,074
    PNC Bank 2 6.63% $5,159
    Frandsen Bank & Trust 2 8.39% $4,902
    TOWNE MORTGAGE COMPANY 2 6.75% $4,338
    Prosperity Home Mortgage, LLC 2 6.88% $5,400
    JPMorgan Chase Bank 2 6.63% $5,005
    ZILLOW HOME LOANS, LLC 1 7.38% $3,360
    Barrington Bank & Trust Company, N.A. 1 6.99% $3,759
    BROKER SOLUTIONS, INC. 1 6.63% $4,872
    Cambria Financial Group, LLC 1 5.88% $3,902
    CARDINAL FINANCIAL 1 6.63% $4,730
    Century Mortgage Company DBA Century Lending Company 1 7.25% $2,817
    First Federal Bank 1 6.63% $4,366
    IOWA BANKERS MORTGAGE CORPORATION 1 7.13% $2,926
    MARINE 1 12.48% $5,151
    Minnwest Bank 1 6.00% $3,576
    Mr. Cooper ( Nationstar Mortgage ) 1 7.49% $8,771
    Paramount Residential Mortgage Group, Inc. 1 6.63% $7,055
    PRIMELENDING, A PLAINSCAPITAL COMPANY 1 6.88% $3,511
    ROYAL UNITED MORTGAGE LLC 1 7.38% $5,583
    Servion, Inc. 1 8.13% $5,730
    The Huntington National Bank 1 7.25% $4,569
    Tradition Mortgage, LLC 1 6.25% $3,094
    WINGS FINANCIAL 1 6.88% $3,408

    Austin Average Closing Costs & Other Stats

    Austin, MN's 47 lenders originated 692 loans during 2024. The total origination value was $111,730,000, with an average loan value of $161,460.

    Austin's average closing costs are $4,561.

    The top Austin lender as defined by loan originations is FAIRWAY INDEPENDENT MORTGAGE CORPORATION, with 74 loans originated. Their average total fees are $5,180, which is $1,334 higher than the next largest lender, Alerus Financial.

    The lowest fee Austin lenders (with over 10 loans originated) are Alerus Financial ($3,846), U.S. Bank ($4,339), UNITED WHOLESALE MORTGAGE, LLC ($5,166), FAIRWAY INDEPENDENT MORTGAGE CORPORATION ($5,180) and LAND HOME FINANCIAL SERVICES, INC. ($5,691).

    The lowest rate Austin lenders (with over 10 loans originated) are QUICKEN LOANS, LLC (6.42%), Bell Bank (6.43%), Alerus Financial (6.63%), UNION HOME MORTGAGE CORP. (6.91%) and FAIRWAY INDEPENDENT MORTGAGE CORPORATION (6.95%).

    Austin, MN 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 2023 Loan Value 2024 Loan Value % Change 2024 Market Share
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION $17,985,000 $18,695,000 3.9% 16.7%
    Alerus Financial $8,695,000 n/a 7.8%
    QUICKEN LOANS, LLC $4,235,000 $6,030,000 42.4% 5.4%
    Bell Bank $5,740,000 $5,985,000 4.3% 5.4%
    LAND HOME FINANCIAL SERVICES, INC. $6,855,000 $5,670,000 -17.3% 5.1%
    UNION HOME MORTGAGE CORP. $2,350,000 $4,025,000 71.3% 3.6%
    UNITED WHOLESALE MORTGAGE, LLC $3,675,000 $3,955,000 7.6% 3.5%
    U.S. Bank $3,610,000 $3,280,000 -9.1% 2.9%
    Bridgewater Bank $1,425,000 $2,955,000 107.4% 2.6%
    LOANDEPOT.COM, LLC $1,680,000 $2,575,000 53.3% 2.3%
    GUARANTEED RATE, INC. $4,875,000 $2,485,000 -49.0% 2.2%
    Wells Fargo Bank $1,705,000 $2,230,000 30.8% 2.0%
    COMPEER FINANCIAL, FLCA $720,000 $2,145,000 197.9% 1.9%
    HOMESIDE FINANCIAL, LLC $2,030,000 n/a 1.8%
    Bremer Bank $1,890,000 $1,825,000 -3.4% 1.6%
    Plains Commerce Bank $220,000 $1,730,000 686.4% 1.5%
    Manufacturers Bank & Trust Company $1,870,000 $1,700,000 -9.1% 1.5%
    PREMIA MORTGAGE, LLC $1,265,000 $1,625,000 28.5% 1.5%
    ALTRA $1,415,000 $1,600,000 13.1% 1.4%
    Merchants Bank $1,170,000 $1,495,000 27.8% 1.3%
    NEWREZ LLC $1,010,000 $1,375,000 36.1% 1.2%
    Century Mortgage Company DBA Century Lending Company $150,000 $1,335,000 790.0% 1.2%
    Think Mutual Bank $1,880,000 $1,330,000 -29.3% 1.2%
    Mortgage Research Center, LLC $1,525,000 $1,315,000 -13.8% 1.2%
    MOVEMENT MORTGAGE, LLC $1,070,000 $1,180,000 10.3% 1.1%
    Foresight Bank $790,000 $865,000 9.5% 0.8%
    Servion, Inc. $115,000 $770,000 569.6% 0.7%
    TOWNE MORTGAGE COMPANY $390,000 $750,000 92.3% 0.7%
    IOWA BANKERS MORTGAGE CORPORATION $330,000 $725,000 119.7% 0.6%
    Prosperity Home Mortgage, LLC $1,920,000 $720,000 -62.5% 0.6%
    BAY EQUITY LLC $675,000 n/a 0.6%
    LAKEVIEW LOAN SERVICING, LLC $555,000 $630,000 13.5% 0.6%
    MARINE $120,000 $625,000 420.8% 0.6%
    PNC Bank $625,000 n/a 0.6%
    FREEDOM MORTGAGE CORPORATION $205,000 $565,000 175.6% 0.5%
    JPMorgan Chase Bank $745,000 $540,000 -27.5% 0.5%
    Frandsen Bank & Trust $280,000 $490,000 75.0% 0.4%
    Mr. Cooper ( Nationstar Mortgage ) $475,000 $485,000 2.1% 0.4%
    21ST MORTGAGE CORPORATION $830,000 $460,000 -44.6% 0.4%
    First Federal Bank $215,000 $440,000 104.7% 0.4%
    Sierra Pacific Mortgage Company, Inc. $425,000 n/a 0.4%
    NAVY FEDERAL CREDIT UNION $50,000 $415,000 730.0% 0.4%
    PRIMELENDING, A PLAINSCAPITAL COMPANY $135,000 $405,000 200.0% 0.4%
    AFFINITY PLUS $405,000 $400,000 -1.2% 0.4%
    BROKER SOLUTIONS, INC. $395,000 n/a 0.4%
    MUTUAL OF OMAHA MORTGAGE, INC. $75,000 $370,000 393.3% 0.3%
    ZILLOW HOME LOANS, LLC $370,000 n/a 0.3%
    PENTAGON FEDERAL CREDIT UNION $55,000 $320,000 481.8% 0.3%
    CHURCHILL MORTGAGE CORPORATION $315,000 n/a 0.3%
    Minnwest Bank $305,000 n/a 0.3%
    First National Bank of America $75,000 $285,000 280.0% 0.3%
    CROSSCOUNTRY MORTGAGE, LLC $520,000 $265,000 -49.0% 0.2%
    Citizens Bank $360,000 $230,000 -36.1% 0.2%
    Flagstar Bank, FSB $115,000 $205,000 78.3% 0.2%
    FINANCE OF AMERICA REVERSE LLC $200,000 n/a 0.2%
    Figure Lending LLC $245,000 $190,000 -22.4% 0.2%
    Sterling State Bank $75,000 $190,000 153.3% 0.2%
    WINGS FINANCIAL $190,000 n/a 0.2%
    Barrington Bank & Trust Company, N.A. $135,000 $185,000 37.0% 0.2%
    EMM LOANS LLC $185,000 n/a 0.2%
    Paramount Residential Mortgage Group, Inc. $235,000 $185,000 -21.3% 0.2%
    AXIA FINANCIAL, LLC $175,000 n/a 0.2%
    NEW DAY FINANCIAL, LLC $135,000 $175,000 29.6% 0.2%
    Summit Mortgage Corporation $170,000 n/a 0.2%
    USAA Federal Savings Bank $165,000 n/a 0.1%
    The Huntington National Bank $95,000 $155,000 63.2% 0.1%
    MID AMERICA MORTGAGE, INC. $235,000 $150,000 -36.2% 0.1%
    AMERICAN FINANCING CORPORATION $145,000 n/a 0.1%
    GATEWAY BANK $145,000 n/a 0.1%
    PLAZA HOME MORTGAGE, INC. $700,000 $145,000 -79.3% 0.1%
    EVERETT FINANCIAL, INC. $135,000 n/a 0.1%
    PENNYMAC LOAN SERVICES, LLC $680,000 $135,000 -80.1% 0.1%
    VERIDIAN CREDIT UNION $135,000 n/a 0.1%
    BankVista $125,000 n/a 0.1%
    Royal Credit Union $125,000 n/a 0.1%
    GNB Bank $120,000 n/a 0.1%
    Coulee Bank $115,000 n/a 0.1%
    Flanagan State Bank $105,000 n/a 0.1%
    Tradition Mortgage, LLC $85,000 $105,000 23.5% 0.1%
    TRUSTONE FINANCIAL FEDERAL CREDIT UNION $155,000 $105,000 -32.3% 0.1%
    AMERISAVE MORTGAGE CORPORATION $95,000 n/a 0.1%
    Lakeview Community Capital, LLC $95,000 n/a 0.1%
    The Loan Store, Inc. $95,000 n/a 0.1%
    GFA Federal Credit Union $85,000 n/a 0.1%
    Luana Savings Bank $85,000 n/a 0.1%
    Discover Bank $90,000 $80,000 -11.1% 0.1%
    ROYAL UNITED MORTGAGE LLC $200,000 $75,000 -62.5% 0.1%
    ALLIANT CREDIT UNION $65,000 n/a 0.1%
    CARDINAL FINANCIAL $170,000 $65,000 -61.8% 0.1%
    Cambria Financial Group, LLC $45,000 $55,000 22.2% 0.0%
    Coastal Community Bank $50,000 $55,000 10.0% 0.0%
    Carrington Mortgage Services, LLC $250,000 $35,000 -86.0% 0.0%
    First Alliance Credit Union $390,000 $35,000 -91.0% 0.0%
    SPRING EQ, LLC $45,000 $35,000 -22.2% 0.0%

    Austin's top lender by overall market share is FAIRWAY INDEPENDENT MORTGAGE CORPORATION, with 16.7% market share. In second place, with 7.8%, is Alerus Financial, having originated $8,695,000 in loans. In third place, with 5.4%, is QUICKEN LOANS, LLC, having originated $6,030,000 in loans. In fourth place, with 5.4%, is Bell Bank, having originated $5,985,000 in loans. In fifth place, with 5.1%, is LAND HOME FINANCIAL SERVICES, INC., having originated $5,670,000 in loans.

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

    Realtor.com - Austin (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 $113,375 (23.6%) $133,635 (12.5%) 0.00 78
    2018-02-01 $119,900 (33.9%) $131,742 (12.5%) 0.00 63
    2018-03-01 $119,900 (33.4%) $137,425 (10.5%) 0.00 73
    2018-04-01 $144,800 (52.4%) $171,809 (36.3%) 0.00 79
    2018-05-01 $149,225 (42.8%) $180,422 (38.2%) 0.00 88
    2018-06-01 $142,825 (35.8%) $174,242 (32.2%) 0.00 94
    2018-07-01 $149,925 (50.1%) $185,988 (42.3%) 0.00 96
    2018-08-01 $148,550 (30.9%) $180,334 (32.0%) 0.00 113
    2018-09-01 $146,900 (36.1%) $181,626 (30.4%) 0.00 124
    2018-10-01 $137,550 (21.2%) $184,994 (29.8%) 0.00 116
    2018-11-01 $137,425 (25.8%) $179,394 (30.7%) 0.00 125
    2018-12-01 $129,900 (19.2%) $164,802 (21.4%) 0.00 118
    2019-01-01 $117,000 (3.2%) $161,803 (21.1%) 0.00 100
    2019-02-01 $114,500 (-4.5%) $152,022 (15.4%) 0.00 81
    2019-03-01 $129,671 (8.2%) $165,087 (20.1%) 0.00 89
    2019-04-01 $147,371 (1.8%) $181,249 (5.5%) 0.00 99
    2019-05-01 $138,975 (-6.9%) $175,092 (-3.0%) 0.00 126
    2019-06-01 $149,000 (4.3%) $187,176 (7.4%) 0.00 119
    2019-07-01 $153,950 (2.7%) $184,668 (-0.7%) 0.00 134
    2019-08-01 $157,736 (6.2%) $186,608 (3.5%) 0.00 136
    2019-09-01 $160,416 (9.2%) $190,073 (4.7%) 0.00 134
    2019-10-01 $158,402 (15.2%) $191,038 (3.3%) 0.00 133
    2019-11-01 $177,000 (28.8%) $195,333 (8.9%) 0.00 129
    2019-12-01 $179,900 (38.5%) $200,126 (21.4%) 0.00 113
    2020-01-01 $184,925 (58.1%) $200,355 (23.8%) 0.00 96
    2020-02-01 $179,900 (57.1%) $194,646 (28.0%) 0.00 86
    2020-03-01 $161,225 (24.3%) $186,576 (13.0%) 0.00 97
    2020-04-01 $145,550 (-1.2%) $187,566 (3.5%) 0.00 94
    2020-05-01 $159,450 (14.7%) $197,763 (13.0%) 0.00 86
    2020-06-01 $175,825 (18.0%) $211,636 (13.1%) 0.00 85
    2020-07-01 $153,075 (-0.6%) $201,013 (8.9%) 0.00 87
    2020-08-01 $149,900 (-5.0%) $195,528 (4.8%) 0.00 88
    2020-09-01 $148,150 (-7.7%) $189,112 (-0.5%) 0.00 88
    2020-10-01 $145,000 (-8.5%) $176,463 (-7.6%) 0.00 81
    2020-11-01 $127,400 (-28.0%) $162,763 (-16.7%) 0.00 76
    2020-12-01 $126,450 (-29.7%) $165,290 (-17.4%) 0.00 68
    2021-01-01 $124,900 (-32.5%) $168,188 (-16.1%) 0.00 46
    2021-02-01 $132,400 (-26.4%) $182,883 (-6.0%) 0.00 40
    2021-03-01 $141,400 (-12.3%) $206,782 (10.8%) 0.00 40
    2021-04-01 $151,200 (3.9%) $216,047 (15.2%) 0.00 48
    2021-05-01 $144,950 (-9.1%) $209,522 (6.0%) 0.00 53
    2021-06-01 $139,450 (-20.7%) $204,087 (-3.6%) 0.00 48
    2021-07-01 $139,900 (-8.6%) $182,714 (-9.1%) 0.00 61
    2021-08-01 $139,900 (-6.7%) $196,160 (0.3%) 0.00 55
    2021-09-01 $142,425 (-3.9%) $191,142 (1.1%) 0.00 67
    2021-10-01 $144,000 (-0.7%) $180,458 (2.3%) 0.00 68
    2021-11-01 $148,450 (16.5%) $184,019 (13.1%) 0.00 64
    2021-12-01 $137,400 (8.7%) $168,462 (1.9%) 0.00 50
    2022-01-01 $139,900 (12.0%) $177,241 (5.4%) 0.00 36
    2022-02-01 $136,200 (2.9%) $161,088 (-11.9%) 0.00 37
    2022-03-01 $144,400 (2.1%) $172,334 (-16.7%) 0.00 27
    2022-04-01 $177,450 (17.4%) $205,421 (-4.9%) 0.00 24
    2022-05-01 $181,125 (25.0%) $218,828 (4.4%) 0.00 33
    2022-06-01 $191,600 (37.4%) $238,096 (16.7%) 0.00 47
    2022-07-01 $179,900 (28.6%) $208,043 (13.9%) 0.00 58
    2022-08-01 $202,700 (44.9%) $229,950 (17.2%) 0.00 60
    2022-09-01 $204,450 (43.6%) $236,654 (23.8%) 0.00 65
    2022-10-01 $200,000 (38.9%) $244,544 (35.5%) 0.00 71
    2022-11-01 $185,575 (25.0%) $235,747 (28.1%) 0.00 78
    2022-12-01 $179,900 (30.9%) $231,665 (37.5%) 0.00 62
    2023-01-01 $185,700 (32.7%) $238,108 (34.3%) 0.00 55
    2023-02-01 $186,500 (36.9%) $243,238 (51.0%) 0.00 49
    2023-03-01 $178,900 (23.9%) $238,103 (38.2%) 0.00 52
    2023-04-01 $191,450 (7.9%) $230,941 (12.4%) 0.00 50
    2023-05-01 $198,700 (9.7%) $248,478 (13.6%) 0.00 47
    2023-06-01 $234,975 (22.6%) $258,278 (8.5%) 0.00 64
    2023-07-01 $239,900 (33.4%) $267,643 (28.7%) 0.00 71
    2023-08-01 $236,150 (16.5%) $266,689 (16.0%) 0.00 79
    2023-09-01 $199,950 (-2.2%) $251,939 (6.5%) 0.00 87
    2023-10-01 $196,925 (-1.5%) $248,104 (1.5%) 0.00 78
    2023-11-01 $210,000 (13.2%) $255,764 (8.5%) 0.00 80
    2023-12-01 $209,900 (16.7%) $260,483 (12.4%) 0.00 69
    2024-01-01 $199,150 (7.2%) $266,414 (11.9%) 0.00 62
    2024-02-01 $218,450 (17.1%) $276,152 (13.5%) 0.00 51
    2024-03-01 $199,450 (11.5%) $273,958 (15.1%) 0.00 44
    2024-04-01 $219,900 (14.9%) $280,377 (21.4%) 0.00 35
    2024-05-01 $229,900 (15.7%) $281,681 (13.4%) 0.00 49
    2024-06-01 $234,900 (0.0%) $277,357 (7.4%) 0.00 66
    2024-07-01 $231,425 (-3.5%) $271,263 (1.4%) 0.00 74
    2024-08-01 $231,999 (-1.8%) $281,253 (5.5%) 0.00 87
    2024-09-01 $254,425 (27.2%) $306,641 (21.7%) 0.00 92
    2024-10-01 $222,175 (12.8%) $286,685 (15.6%) 0.00 91
    2024-11-01 $199,950 (-4.8%) $268,261 (4.9%) 0.00 77
    2024-12-01 $195,000 (-7.1%) $268,971 (3.3%) 0.00 60
    2025-01-01 $189,225 (-5.0%) $281,168 (5.5%) 0.00 53
    2025-02-01 $197,500 (-9.6%) $274,756 (-0.5%) 0.00 53
    2025-03-01 $212,450 (6.5%) $301,068 (9.9%) 0.00 49
    Austin's median listing price for 2025-03-01 was $212,450, a difference of $13,000 (6.5%) versus the prior year and $14,950 versus the prior month.

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

    Austin's average listing price for 2025-03-01 was $301,068, a difference of $27,110 (9.9%) versus the prior year and $26,312 versus the prior month.

    For the 2025-03-01 period, Austin had 49 MLS listings, a difference of -4 listings (-8%) versus the prior month and 5 listings (11%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Austin (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 2,112 sqft
    2018-02-01 0 days 2,154 sqft
    2018-03-01 0 days 2,184 sqft
    2018-04-01 0 days 2,350 sqft
    2018-05-01 0 days 2,342 sqft
    2018-06-01 0 days 2,186 sqft
    2018-07-01 0 days 2,338 sqft
    2018-08-01 0 days 2,294 sqft
    2018-09-01 0 days 2,320 sqft
    2018-10-01 0 days 2,277 sqft
    2018-11-01 0 days 2,326 sqft
    2018-12-01 0 days 2,128 sqft
    2019-01-01 0 days 1,428 sqft
    2019-02-01 0 days 1,394 sqft
    2019-03-01 0 days 1,509 sqft
    2019-04-01 0 days 1,618 sqft
    2019-05-01 0 days 1,645 sqft
    2019-06-01 0 days 1,682 sqft
    2019-07-01 0 days 1,813 sqft
    2019-08-01 0 days 1,861 sqft
    2019-09-01 0 days 1,892 sqft
    2019-10-01 0 days 1,908 sqft
    2019-11-01 0 days 1,911 sqft
    2019-12-01 0 days 2,005 sqft
    2020-01-01 0 days 2,085 sqft
    2020-02-01 0 days 1,945 sqft
    2020-03-01 0 days 1,759 sqft
    2020-04-01 0 days 1,712 sqft
    2020-05-01 0 days 1,780 sqft
    2020-06-01 0 days 1,885 sqft
    2020-07-01 0 days 1,820 sqft
    2020-08-01 0 days 1,835 sqft
    2020-09-01 0 days 1,876 sqft
    2020-10-01 0 days 1,593 sqft
    2020-11-01 0 days 1,579 sqft
    2020-12-01 0 days 1,527 sqft
    2021-01-01 0 days 1,487 sqft
    2021-02-01 0 days 1,521 sqft
    2021-03-01 0 days 1,465 sqft
    2021-04-01 0 days 1,590 sqft
    2021-05-01 0 days 1,509 sqft
    2021-06-01 0 days 1,509 sqft
    2021-07-01 0 days 1,495 sqft
    2021-08-01 0 days 1,501 sqft
    2021-09-01 0 days 1,515 sqft
    2021-10-01 0 days 1,527 sqft
    2021-11-01 0 days 1,599 sqft
    2021-12-01 0 days 1,456 sqft
    2022-01-01 0 days 1,444 sqft
    2022-02-01 0 days 1,850 sqft
    2022-03-01 0 days 1,878 sqft
    2022-04-01 0 days 2,135 sqft
    2022-05-01 0 days 1,509 sqft
    2022-06-01 0 days 1,899 sqft
    2022-07-01 0 days 1,713 sqft
    2022-08-01 0 days 1,768 sqft
    2022-09-01 0 days 1,866 sqft
    2022-10-01 0 days 1,884 sqft
    2022-11-01 0 days 1,870 sqft
    2022-12-01 0 days 1,712 sqft
    2023-01-01 0 days 1,811 sqft
    2023-02-01 0 days 1,825 sqft
    2023-03-01 0 days 1,727 sqft
    2023-04-01 0 days 1,724 sqft
    2023-05-01 0 days 1,889 sqft
    2023-06-01 0 days 1,908 sqft
    2023-07-01 0 days 1,941 sqft
    2023-08-01 0 days 1,895 sqft
    2023-09-01 0 days 1,837 sqft
    2023-10-01 0 days 1,857 sqft
    2023-11-01 0 days 1,921 sqft
    2023-12-01 0 days 1,921 sqft
    2024-01-01 0 days 1,953 sqft
    2024-02-01 0 days 1,955 sqft
    2024-03-01 0 days 1,816 sqft
    2024-04-01 0 days 1,672 sqft
    2024-05-01 0 days 1,571 sqft
    2024-06-01 0 days 1,748 sqft
    2024-07-01 0 days 1,822 sqft
    2024-08-01 0 days 1,768 sqft
    2024-09-01 0 days 1,948 sqft
    2024-10-01 0 days 1,712 sqft
    2024-11-01 0 days 1,671 sqft
    2024-12-01 0 days 1,664 sqft
    2025-01-01 0 days 1,599 sqft
    2025-02-01 0 days 1,642 sqft
    2025-03-01 0 days 1,639 sqft
    Austin's median listing age (time on market) for 2025-03-01 was 0 days.

    Austin's median square footage for active listings during the 2025-03-01 period was 1,639 sqft. One year prior, the average listing was 1,816 sqft.

    Austin, MN Market Loan Reason

    Loan Purpose Originations Total Value Average Loan
    Home Purchase 508 $88,410,000 $174,035
    Cash Out Refi 66 $10,310,000 $156,212
    Refi 47 $7,995,000 $170,106
    Home Improvement 37 $3,255,000 $87,973
    Other 34 $1,760,000 $51,765

    Austin's most frequently cited loan purpose was Home Purchase, with 508 originations. The 2nd most popular reason was Cash Out Refi, with 66 originations.

    Interest Rate Frequencies

    Loan Rate Originations Total Value Average Loan
    6-7% 275 $54,465,000 $198,055
    7-8% 167 $27,535,000 $164,880
    Over 8% 69 $5,845,000 $84,710
    5-6% 54 $10,760,000 $199,259
    <2.5% 35 $665,000 $19,000
    4-5% 2 $410,000 $205,000

    During 2024, Austin's most frequently originated rate bucket was 6-7%, with 275 originations.

    Loan Sizing (Austin, MN MSA)

    Loan Size Originations Total Value Average Loan
    $100k-200k 285 $41,745,000 $146,474
    $100,000 or less 222 $9,750,000 $43,919
    $200k-400k 158 $43,740,000 $276,835
    $400k-600k 19 $8,795,000 $462,895
    $600k-1000k 7 $4,745,000 $677,857
    $Over $1MM 1 $2,955,000 $2,955,000

    Austin's loan sizing saw the bucket of loans from $100k-200k with 285 originations, totaling $41,745,000 in origination value.

    LTV Distribution

    Loan to Value Originations Total Value Average Loan
    80-100% 332 $67,230,000 $202,500
    Under 20% 110 $2,330,000 $21,182
    60-80% 105 $20,165,000 $192,048
    20-40% 50 $4,040,000 $80,800
    40-60% 37 $5,105,000 $137,973
    Over 100% 1 $305,000 $305,000

    Austin's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 332 originations, totaling $67,230,000 in origination value.