Bemidji Mortgage Rates & Closing Costs

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

30 Year Fixed Rate mortgages in Bemidji averaged 5.88% for the week of 2024-10-03, compared to the national average of 6.12% for the same period.

The average rate for the prior week (2024-09-26) was 6.14% and one month ago for the week of 2024-08-29, the average rate was 6.11%.

Bemidji's average rate one year ago was 7.37%.

For refis of the same type during the week of 2024-10-03, the average rate was 6.22%.

Loan Type Date Rate
US 30 Year Fixed Rate 2024-10-03 6.12%
Bemidji 30 Year Fixed Rate 2024-10-03 5.88%
Bemidji 30 Year Fixed Rate Refi 2024-10-03 6.22%
Bemidji 15 Year Fixed Rate 2024-10-03 5.25%
Bemidji 15 Year Fixed Rate Refi 2024-10-03 5.35%
Bemidji 30 Year FHA 2024-10-03 5.69%
Bemidji 30 Year FHA Refi 2024-10-03 5.79%
Bemidji 30 Year USDA 2024-10-03 5.87%
Bemidji 30 Year USDA Refi 2024-10-03 6.17%
Bemidji 30 Year VA 2024-10-03 5.4%
Bemidji 30 Year VA Refi 2024-10-03 5.5%
Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations within Bemidji, MN.

Bemidji 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 Bemidji, 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 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
AFFINITY PLUS 17 6.37% $4,280
QUICKEN LOANS, LLC 16 7.01% $6,901
Deerwood Bank 14 6.58% $5,132
Bank Forward 12 6.50% $4,611
RiverWood Bank 10 6.74% $5,627
UNITED WHOLESALE MORTGAGE, LLC 9 7.23% $5,893
Wells Fargo Bank 8 7.08% $3,937
Servion, Inc. 6 6.65% $5,242
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 5 6.95% $5,254
The Huntington National Bank 4 6.41% $6,813
Bell Bank 4 7.93% $4,430
HIWAY 3 6.29% $4,060
Nations Lending Corporation 3 6.96% $6,818
MEMBERS COOPERATIVE 2 7.00% $5,513
JPMorgan Chase Bank 2 6.56% $3,795
USAA Federal Savings Bank 2 6.81% $5,638
AMERICAN PACIFIC MORTGAGE CORPORATION 2 7.19% $5,505
Frandsen Bank & Trust 2 6.74% $6,182
CROSSCOUNTRY MORTGAGE, LLC 2 6.35% $5,022
WINGS FINANCIAL 2 6.06% $3,167
Alerus Financial 2 6.69% $6,450
GUARANTEED RATE, INC. 2 6.76% $4,159
Bremer Bank 2 7.00% $6,398
Northview Bank 1 6.50% $4,083
Old National Bank 1 6.25% $3,571
PENNYMAC LOAN SERVICES, LLC 1 6.00% $5,334
PNC Bank 1 5.75% $3,031
PRIMELENDING, A PLAINSCAPITAL COMPANY 1 7.13% $3,344
Regent Financial Group, Inc. 1 6.63% $4,963
Reliabank Dakota 1 5.99% $3,813
TOPLINE FEDERAL CREDIT UNION 1 5.25% $5,060
Tradition Mortgage, LLC 1 6.62% $3,259
UNION HOME MORTGAGE CORP. 1 6.88% $3,898
U.S. Bank 1 7.38% $4,138
VALLEY MORTGAGE, INC. 1 7.63% $8,237
Western State Bank 1 6.88% $2,720
ZILLOW HOME LOANS, LLC 1 6.13% $3,380
Ally Bank 1 6.13% $3,882
American Bank Center 1 7.63% $4,097
American Mortgage & Equity Consultants, Inc. 1 7.25% $5,620
AMERICAN PORTFOLIO MORTGAGE CORPORATION 1 6.25% $4,502
ARK-LA-TEX FINANCIAL SERVICES, LLC. 1 6.88% $9,391
Associated Bank 1 6.75% $3,270
CARDINAL FINANCIAL 1 7.88% $7,092
Choice Financial Group 1 5.50% $10,323
CRESCENT MORTGAGE COMPANY 1 7.75% $5,107
Dacotah Bank 1 6.50% $5,673
EVERETT FINANCIAL, INC. 1 7.25% $5,117
First International Bank & Trust 1 7.25% $5,292
Gate City Bank 1 6.63% $7,953
GUARANTEED RATE AFFINITY, LLC 1 6.99% $128
GUILD MORTGAGE COMPANY 1 5.88% $7,485
Liberty Bank Minnesota 1 6.38% $3,539
LIBERTY HOME MORTGAGE CORPORATION 1 6.63% $5,758
MANN FINANCIAL INC. 1 6.50% $4,859
METRO CU 1 4.75% $3,072
MORTGAGE ACCESS CORP. 1 7.99% $5,790
Mortgage Research Center, LLC 1 7.25% $1,432
NexBank 1 8.13% $11,706

Bemidji Average Closing Costs & Other Stats

Bemidji, MN's 59 lenders originated 531 loans during 2023. The total origination value was $97,385,000, with an average loan value of $183,399.

Bemidji's average closing costs are $4,724.

The top Bemidji lender as defined by loan originations is AFFINITY PLUS, with 17 loans originated. Their average total fees are $4,280, which is $2,621 lower than the next largest lender, QUICKEN LOANS, LLC.

The lowest fee Bemidji lenders (with over 10 loans originated) are AFFINITY PLUS ($4,280), Bank Forward ($4,611), Deerwood Bank ($5,132), RiverWood Bank ($5,627) and QUICKEN LOANS, LLC ($6,901).

The lowest rate Bemidji lenders (with over 10 loans originated) are AFFINITY PLUS (6.37%), Bank Forward (6.50%), Deerwood Bank (6.58%), RiverWood Bank (6.74%) and QUICKEN LOANS, LLC (7.01%).

Bemidji, 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 2022 Loan Value 2023 Loan Value % Change 2023 Market Share
AFFINITY PLUS $15,875,000 $9,945,000 -37.4% 10.2%
Deerwood Bank $8,420,000 $9,090,000 8.0% 9.3%
Bank Forward $7,675,000 $6,485,000 -15.5% 6.7%
RiverWood Bank $8,345,000 $6,390,000 -23.4% 6.6%
QUICKEN LOANS, LLC $5,405,000 $5,365,000 -0.7% 5.5%
UNITED WHOLESALE MORTGAGE, LLC $8,380,000 $3,980,000 -52.5% 4.1%
Wells Fargo Bank $7,715,000 $2,935,000 -62.0% 3.0%
Mortgage Research Center, LLC $2,390,000 $2,610,000 9.2% 2.7%
MEMBERS COOPERATIVE $290,000 $2,270,000 682.8% 2.3%
FAIRWAY INDEPENDENT MORTGAGE CORPORATION $1,610,000 $2,145,000 33.2% 2.2%
AMERICAN PACIFIC MORTGAGE CORPORATION $645,000 $2,075,000 221.7% 2.1%
USAA Federal Savings Bank $1,150,000 $1,765,000 53.5% 1.8%
Bell Bank $660,000 $1,695,000 156.8% 1.7%
Servion, Inc. $1,155,000 $1,490,000 29.0% 1.5%
The Huntington National Bank $1,715,000 $1,480,000 -13.7% 1.5%
HIWAY $350,000 $1,270,000 262.9% 1.3%
Frandsen Bank & Trust $135,000 $1,195,000 785.2% 1.2%
Woodlands National Bank $875,000 $1,165,000 33.1% 1.2%
CROSSCOUNTRY MORTGAGE, LLC $725,000 $1,065,000 46.9% 1.1%
American Mortgage & Equity Consultants, Inc. $920,000 n/a 0.9%
Choice Financial Group $870,000 n/a 0.9%
American Federal Bank $530,000 $865,000 63.2% 0.9%
U.S. Bank $3,655,000 $810,000 -77.8% 0.8%
Gate City Bank $1,365,000 $795,000 -41.8% 0.8%
LOANDEPOT.COM, LLC $1,500,000 $795,000 -47.0% 0.8%
CARDINAL FINANCIAL $315,000 $790,000 150.8% 0.8%
Nations Lending Corporation $185,000 $790,000 327.0% 0.8%
PENNYMAC LOAN SERVICES, LLC $785,000 n/a 0.8%
Alerus Financial $635,000 $775,000 22.0% 0.8%
Bremer Bank $1,260,000 $775,000 -38.5% 0.8%
Sunrise Banks $775,000 n/a 0.8%
VALLEY MORTGAGE, INC. $185,000 $665,000 259.5% 0.7%
United Valley Bank $650,000 n/a 0.7%
MID AMERICA MORTGAGE, INC. $585,000 n/a 0.6%
Plains Commerce Bank $65,000 $470,000 623.1% 0.5%
PLAZA HOME MORTGAGE, INC. $145,000 $460,000 217.2% 0.5%
WINGS FINANCIAL $410,000 $435,000 6.1% 0.4%
JPMorgan Chase Bank $165,000 $420,000 154.5% 0.4%
MOVEMENT MORTGAGE, LLC $415,000 n/a 0.4%
Flagstar Bank, FSB $1,690,000 $410,000 -75.7% 0.4%
NBKC BANK $405,000 n/a 0.4%
VILLAGE CAPITAL MORTGAGE $400,000 n/a 0.4%
GUARANTEED RATE, INC. $115,000 $380,000 230.4% 0.4%
Liberty Bank Minnesota $370,000 n/a 0.4%
ARK-LA-TEX FINANCIAL SERVICES, LLC. $355,000 n/a 0.4%
GUILD MORTGAGE COMPANY $285,000 $355,000 24.6% 0.4%
Lend Smart Mortgage, LLC $2,450,000 $350,000 -85.7% 0.4%
MORTGAGE ACCESS CORP. $345,000 n/a 0.4%
MANN FINANCIAL INC. $310,000 $340,000 9.7% 0.3%
ZILLOW HOME LOANS, LLC $340,000 n/a 0.3%
Old National Bank $335,000 n/a 0.3%
First Western Bank & Trust $325,000 n/a 0.3%
NexBank $325,000 n/a 0.3%
FREEDOM MORTGAGE CORPORATION $115,000 $320,000 178.3% 0.3%
Western State Bank $315,000 n/a 0.3%
Union State Bank of Fargo $240,000 $310,000 29.2% 0.3%
Mid-Continent Funding, Inc. $295,000 n/a 0.3%
GUARANTEED RATE AFFINITY, LLC $285,000 n/a 0.3%
Tradition Mortgage, LLC $495,000 $275,000 -44.4% 0.3%
Dacotah Bank $265,000 n/a 0.3%
Reliabank Dakota $255,000 n/a 0.3%
Northview Bank $530,000 $245,000 -53.8% 0.3%
Paramount Residential Mortgage Group, Inc. $125,000 $245,000 96.0% 0.3%
PRIMELENDING, A PLAINSCAPITAL COMPANY $1,095,000 $245,000 -77.6% 0.3%
EVERETT FINANCIAL, INC. $165,000 $225,000 36.4% 0.2%
PRIMARY RESIDENTIAL MORTGAGE, INC. $355,000 $225,000 -36.6% 0.2%
First International Bank & Trust $55,000 $215,000 290.9% 0.2%
PLANET HOME LENDING, LLC $215,000 n/a 0.2%
First State Bank of Wyoming $205,000 n/a 0.2%
LIBERTY HOME MORTGAGE CORPORATION $205,000 n/a 0.2%
Midwest Bank $25,000 $200,000 700.0% 0.2%
PNC Bank $105,000 $200,000 90.5% 0.2%
BROKER SOLUTIONS, INC. $1,185,000 $195,000 -83.5% 0.2%
MUTUAL OF OMAHA MORTGAGE, INC. $115,000 $185,000 60.9% 0.2%
Prosperity Home Mortgage, LLC $245,000 $180,000 -26.5% 0.2%
Harbor Pointe Credit Union $175,000 n/a 0.2%
NEW DAY FINANCIAL, LLC $195,000 $175,000 -10.3% 0.2%
Sentry Bank $165,000 $175,000 6.1% 0.2%
TOP FLITE FINANCIAL, INC. $175,000 n/a 0.2%
Bank Midwest $175,000 $165,000 -5.7% 0.2%
Barrington Bank & Trust Company, N.A. $335,000 $165,000 -50.7% 0.2%
Regent Financial Group, Inc. $155,000 n/a 0.2%
TOPLINE FEDERAL CREDIT UNION $265,000 $155,000 -41.5% 0.2%
American Bank Center $145,000 n/a 0.1%
CRESCENT MORTGAGE COMPANY $1,440,000 $145,000 -89.9% 0.1%
North Shore Bank of Commerce $145,000 n/a 0.1%
TRIAD FINANCIAL SERVICES, INC. $145,000 n/a 0.1%
Ally Bank $125,000 $135,000 8.0% 0.1%
NAVY FEDERAL CREDIT UNION $775,000 $120,000 -84.5% 0.1%
Associated Bank $260,000 $115,000 -55.8% 0.1%
Sherburne State Bank $285,000 $115,000 -59.6% 0.1%
UNION HOME MORTGAGE CORP. $205,000 $105,000 -48.8% 0.1%
AMERICAN PORTFOLIO MORTGAGE CORPORATION $95,000 n/a 0.1%
METRO CU $95,000 n/a 0.1%
Citizens Bank Minnesota $125,000 $85,000 -32.0% 0.1%
AMERISAVE MORTGAGE CORPORATION $1,135,000 $75,000 -93.4% 0.1%
Northpointe Bank $65,000 n/a 0.1%
TRUSTONE FINANCIAL FEDERAL CREDIT UNION $295,000 $65,000 -78.0% 0.1%
First State Bank $55,000 n/a 0.1%
Discover Bank $90,000 $35,000 -61.1% 0.0%

Bemidji's top lender by overall market share is AFFINITY PLUS, with 10.2% market share. In second place, with 9.3%, is Deerwood Bank, having originated $9,090,000 in loans. In third place, with 6.7%, is Bank Forward, having originated $6,485,000 in loans. In fourth place, with 6.6%, is RiverWood Bank, having originated $6,390,000 in loans. In fifth place, with 5.5%, is QUICKEN LOANS, LLC, having originated $5,365,000 in loans.


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

Realtor.com - Bemidji (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 $212,400 (0.1%) $236,309 (-3.8%) 0.00 190
2018-02-01 $219,900 (1.2%) $246,903 (0.3%) 0.00 187
2018-03-01 $239,800 (1.7%) $263,924 (3.5%) 0.00 184
2018-04-01 $245,350 (7.3%) $276,988 (10.6%) 0.00 197
2018-05-01 $243,475 (1.8%) $280,704 (10.1%) 0.00 216
2018-06-01 $239,850 (0.0%) $276,597 (9.0%) 0.00 254
2018-07-01 $234,875 (-2.1%) $270,111 (5.0%) 0.00 279
2018-08-01 $229,450 (-2.1%) $264,900 (3.9%) 0.00 267
2018-09-01 $207,450 (-8.0%) $257,247 (2.2%) 0.00 243
2018-10-01 $202,100 (-8.8%) $254,509 (5.3%) 0.00 228
2018-11-01 $191,825 (-12.0%) $248,025 (2.1%) 0.00 217
2018-12-01 $189,900 (-8.9%) $245,631 (4.0%) 0.00 186
2019-01-01 $195,125 (-8.1%) $250,213 (5.9%) 0.00 156
2019-02-01 $200,725 (-8.7%) $255,047 (3.3%) 0.00 156
2019-03-01 $210,786 (-12.1%) $261,299 (-1.0%) 0.00 164
2019-04-01 $224,011 (-8.7%) $269,841 (-2.6%) 0.00 174
2019-05-01 $224,900 (-7.6%) $261,757 (-6.8%) 0.00 195
2019-06-01 $224,963 (-6.2%) $264,964 (-4.2%) 0.00 206
2019-07-01 $225,200 (-4.1%) $268,553 (-0.6%) 0.00 223
2019-08-01 $224,936 (-2.0%) $262,154 (-1.0%) 0.00 216
2019-09-01 $224,916 (8.4%) $259,801 (1.0%) 0.00 207
2019-10-01 $224,900 (11.3%) $257,534 (1.2%) 0.00 198
2019-11-01 $225,900 (17.8%) $262,733 (5.9%) 0.00 177
2019-12-01 $225,900 (19.0%) $258,917 (5.4%) 0.00 156
2020-01-01 $225,900 (15.8%) $258,847 (3.5%) 0.00 130
2020-02-01 $225,900 (12.5%) $263,226 (3.2%) 0.00 132
2020-03-01 $225,900 (7.2%) $268,028 (2.6%) 0.00 150
2020-04-01 $229,675 (2.5%) $284,753 (5.5%) 0.00 153
2020-05-01 $229,900 (2.2%) $285,826 (9.2%) 0.00 154
2020-06-01 $242,825 (7.9%) $295,446 (11.5%) 0.00 146
2020-07-01 $245,900 (9.2%) $293,829 (9.4%) 0.00 133
2020-08-01 $239,400 (6.4%) $291,166 (11.1%) 0.00 125
2020-09-01 $239,400 (6.4%) $288,102 (10.9%) 0.00 119
2020-10-01 $215,000 (-4.4%) $266,740 (3.6%) 0.00 111
2020-11-01 $211,150 (-6.5%) $261,372 (-0.5%) 0.00 93
2020-12-01 $215,000 (-4.8%) $279,893 (8.1%) 0.00 82
2021-01-01 $228,800 (1.3%) $312,986 (20.9%) 0.00 63
2021-02-01 $253,200 (12.1%) $353,935 (34.5%) 0.00 47
2021-03-01 $278,650 (23.4%) $400,965 (49.6%) 0.00 45
2021-04-01 $274,900 (19.7%) $398,868 (40.1%) 0.00 57
2021-05-01 $266,375 (15.9%) $364,563 (27.6%) 0.00 90
2021-06-01 $264,163 (8.8%) $321,543 (8.8%) 0.00 119
2021-07-01 $269,900 (9.8%) $321,340 (9.4%) 0.00 118
2021-08-01 $288,225 (20.4%) $324,898 (11.6%) 0.00 127
2021-09-01 $282,175 (17.9%) $329,608 (14.4%) 0.00 122
2021-10-01 $274,477 (27.7%) $330,205 (23.8%) 0.00 112
2021-11-01 $267,375 (26.6%) $318,946 (22.0%) 0.00 92
2021-12-01 $285,000 (32.6%) $317,446 (13.4%) 0.00 73
2022-01-01 $279,900 (22.3%) $320,274 (2.3%) 0.00 66
2022-02-01 $282,975 (11.8%) $332,273 (-6.1%) 0.00 51
2022-03-01 $278,200 (-0.2%) $316,389 (-21.1%) 0.00 61
2022-04-01 $279,900 (1.8%) $318,044 (-20.3%) 0.00 66
2022-05-01 $297,175 (11.6%) $367,802 (0.9%) 0.00 80
2022-06-01 $299,450 (13.4%) $372,056 (15.7%) 0.00 87
2022-07-01 $284,450 (5.4%) $352,596 (9.7%) 0.00 104
2022-08-01 $300,700 (4.3%) $359,557 (10.7%) 0.00 115
2022-09-01 $309,000 (9.5%) $360,020 (9.2%) 0.00 115
2022-10-01 $314,100 (14.4%) $393,413 (19.1%) 0.00 103
2022-11-01 $317,000 (18.6%) $375,407 (17.7%) 0.00 94
2022-12-01 $330,000 (15.8%) $374,094 (17.8%) 0.00 81
2023-01-01 $342,450 (22.4%) $388,943 (21.4%) 0.00 63
2023-02-01 $349,900 (23.7%) $401,056 (20.7%) 0.00 62
2023-03-01 $353,450 (27.1%) $410,059 (29.6%) 0.00 60
2023-04-01 $340,000 (21.5%) $387,538 (21.9%) 0.00 67
2023-05-01 $344,003 (15.8%) $401,620 (9.2%) 0.00 84
2023-06-01 $349,900 (16.9%) $397,990 (7.0%) 0.00 103
2023-07-01 $348,000 (22.3%) $385,388 (9.3%) 0.00 116
2023-08-01 $342,050 (13.8%) $398,865 (10.9%) 0.00 132
2023-09-01 $346,500 (12.1%) $398,059 (10.6%) 0.00 133
2023-10-01 $346,550 (10.3%) $393,970 (0.1%) 0.00 124
2023-11-01 $338,725 (6.9%) $395,887 (5.5%) 0.00 115
2023-12-01 $340,500 (3.2%) $392,330 (4.9%) 0.00 97
2024-01-01 $347,250 (1.4%) $400,592 (3.0%) 0.00 89
2024-02-01 $347,075 (-0.8%) $401,930 (0.2%) 0.00 85
2024-03-01 $349,900 (-1.0%) $412,851 (0.7%) 0.00 77
2024-04-01 $352,725 (3.7%) $402,007 (3.7%) 0.00 97
2024-05-01 $348,950 (1.4%) $385,837 (-3.9%) 0.00 123
2024-06-01 $349,900 (0.0%) $395,113 (-0.7%) 0.00 130
2024-07-01 $349,900 (0.6%) $407,455 (5.7%) 0.00 142
2024-08-01 $369,900 (8.1%) $421,305 (5.6%) 0.00 155
2024-09-01 $375,000 (8.2%) $426,441 (7.1%) 0.00 152
Bemidji's median listing price for 2024-09-01 was $375,000, a difference of $28,500 (8.2%) versus the prior year and $5,100 versus the prior month.

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

Bemidji's average listing price for 2024-09-01 was $426,441, a difference of $28,382 (7.1%) versus the prior year and $5,136 versus the prior month.

For the 2024-09-01 period, Bemidji had 152 MLS listings, a difference of -3 listings (-2%) versus the prior month and 19 listings (14%) versus the prior year.

Median Listing Time on Market & Square Footage

Realtor.com - Bemidji (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Time on Market Median Square Footage
2018-01-01 0 days 1,605 sqft
2018-02-01 0 days 1,626 sqft
2018-03-01 0 days 1,698 sqft
2018-04-01 0 days 1,910 sqft
2018-05-01 0 days 1,844 sqft
2018-06-01 0 days 1,872 sqft
2018-07-01 0 days 1,808 sqft
2018-08-01 0 days 1,796 sqft
2018-09-01 0 days 1,920 sqft
2018-10-01 0 days 1,850 sqft
2018-11-01 0 days 1,795 sqft
2018-12-01 0 days 1,785 sqft
2019-01-01 0 days 1,730 sqft
2019-02-01 0 days 1,767 sqft
2019-03-01 0 days 1,777 sqft
2019-04-01 0 days 1,776 sqft
2019-05-01 0 days 1,801 sqft
2019-06-01 0 days 1,901 sqft
2019-07-01 0 days 1,957 sqft
2019-08-01 0 days 1,986 sqft
2019-09-01 0 days 2,046 sqft
2019-10-01 0 days 2,071 sqft
2019-11-01 0 days 2,048 sqft
2019-12-01 0 days 1,961 sqft
2020-01-01 0 days 1,986 sqft
2020-02-01 0 days 1,980 sqft
2020-03-01 0 days 1,885 sqft
2020-04-01 0 days 1,976 sqft
2020-05-01 0 days 1,884 sqft
2020-06-01 0 days 1,950 sqft
2020-07-01 0 days 2,089 sqft
2020-08-01 0 days 2,181 sqft
2020-09-01 0 days 2,102 sqft
2020-10-01 0 days 2,016 sqft
2020-11-01 0 days 1,924 sqft
2020-12-01 0 days 2,103 sqft
2021-01-01 0 days 2,154 sqft
2021-02-01 0 days 2,061 sqft
2021-03-01 0 days 2,143 sqft
2021-04-01 0 days 2,333 sqft
2021-05-01 0 days 1,522 sqft
2021-06-01 0 days 1,749 sqft
2021-07-01 0 days 1,744 sqft
2021-08-01 0 days 1,822 sqft
2021-09-01 0 days 1,880 sqft
2021-10-01 0 days 1,772 sqft
2021-11-01 0 days 1,489 sqft
2021-12-01 0 days 1,568 sqft
2022-01-01 0 days 1,568 sqft
2022-02-01 0 days 1,293 sqft
2022-03-01 0 days 1,508 sqft
2022-04-01 0 days 1,591 sqft
2022-05-01 0 days 1,807 sqft
2022-06-01 0 days 1,770 sqft
2022-07-01 0 days 1,560 sqft
2022-08-01 0 days 1,681 sqft
2022-09-01 0 days 1,779 sqft
2022-10-01 0 days 1,904 sqft
2022-11-01 0 days 1,894 sqft
2022-12-01 0 days 1,872 sqft
2023-01-01 0 days 1,896 sqft
2023-02-01 0 days 1,856 sqft
2023-03-01 0 days 1,880 sqft
2023-04-01 0 days 1,745 sqft
2023-05-01 0 days 1,768 sqft
2023-06-01 0 days 1,834 sqft
2023-07-01 0 days 1,798 sqft
2023-08-01 0 days 1,950 sqft
2023-09-01 0 days 1,910 sqft
2023-10-01 0 days 1,940 sqft
2023-11-01 0 days 1,813 sqft
2023-12-01 0 days 1,840 sqft
2024-01-01 0 days 1,841 sqft
2024-02-01 0 days 1,793 sqft
2024-03-01 0 days 1,793 sqft
2024-04-01 0 days 1,766 sqft
2024-05-01 0 days 1,705 sqft
2024-06-01 0 days 1,749 sqft
2024-07-01 0 days 1,836 sqft
2024-08-01 0 days 1,738 sqft
2024-09-01 0 days 1,739 sqft
Bemidji's median listing age (time on market) for 2024-09-01 was 0 days.

Bemidji's median square footage for active listings during the 2024-09-01 period was 1,739 sqft. One year prior, the average listing was 1,910 sqft.

Bemidji, MN Market Loan Reason

Loan Purpose Originations Total Value Average Loan
Home Purchase 312 $76,190,000 $244,199
Home Improvement 74 $4,260,000 $57,568
Other 62 $3,630,000 $58,548
Refi 47 $6,715,000 $142,872
Cash Out Refi 36 $6,590,000 $183,056

Bemidji's most frequently cited loan purpose was Home Purchase, with 312 originations. The 2nd most popular reason was Home Improvement, with 74 originations.

Interest Rate Frequencies

Loan Rate Originations Total Value Average Loan
6-7% 211 $40,345,000 $191,209
7-8% 145 $25,095,000 $173,069
5-6% 80 $13,260,000 $165,750
Over 8% 45 $5,205,000 $115,667
4-5% 12 $3,160,000 $263,333
<2.5% 7 $105,000 $15,000
2.5-3% 1 $35,000 $35,000

During 2023, Bemidji's most frequently originated rate bucket was 6-7%, with 211 originations.

Loan Sizing (Bemidji, MN MSA)

Loan Size Originations Total Value Average Loan
$100,000 or less 186 $9,550,000 $51,344
$100k-200k 160 $24,590,000 $153,688
$200k-400k 156 $43,150,000 $276,603
$400k-600k 22 $10,470,000 $475,909
$600k-1000k 5 $3,785,000 $757,000
$Over $1MM 2 $5,840,000 $2,920,000

Bemidji's loan sizing saw the bucket of loans from $100,000 or less with 186 originations, totaling $9,550,000 in origination value.

LTV Distribution

Loan to Value Originations Total Value Average Loan
80-100% 196 $47,130,000 $240,459
Under 20% 108 $4,450,000 $41,204
60-80% 92 $22,780,000 $247,609
20-40% 72 $7,130,000 $99,028
40-60% 31 $4,735,000 $152,742
Over 100% 3 $965,000 $321,667

Bemidji's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 196 originations, totaling $47,130,000 in origination value.