DECATUR Mortgage Rates & Closing Costs

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

30 Year Fixed Rate mortgages in Decatur averaged 6.97% 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 6.91% and one month ago for the week of 2024-03-07, the average rate was 6.97%.

Decatur's average rate one year ago was 6.27%.

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%
Decatur 30 Year Fixed Rate 2024-04-11 6.97%
Decatur 30 Year Fixed Rate Refi 2024-04-11 7.28%
Decatur 15 Year Fixed Rate 2024-04-11 6.16%
Decatur 15 Year Fixed Rate Refi 2024-04-11 6.66%
Decatur 30 Year FHA 2024-04-11 6.65%
Decatur 30 Year FHA Refi 2024-04-11 6.74%
Decatur 30 Year USDA 2024-04-11 6.51%
Decatur 30 Year USDA Refi 2024-04-11 6.51%
Decatur 30 Year VA 2024-04-11 6.89%
Decatur 30 Year VA Refi 2024-04-11 6.67%
Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations within DECATUR, IL.

DECATUR Top Lenders by Rates & Fees

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

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

DECATUR Average Closing Costs & Other Stats

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

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

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

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

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

DECATUR, IL Mortgage Market Share & Volume

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

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

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


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

Realtor.com - DECATUR (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Price (YoY Change) Average Listing Price (YoY) MSA/US Median Price Ratio Active Listings
2018-01-01 $89,950 (-0.5%) $117,494 (-9.5%) 0.00 601
2018-02-01 $90,825 (1.0%) $122,312 (-4.9%) 0.00 577
2018-03-01 $89,900 (0.0%) $122,802 (-5.1%) 0.00 566
2018-04-01 $97,025 (2.5%) $128,191 (-3.8%) 0.00 563
2018-05-01 $98,050 (0.2%) $130,039 (-6.4%) 0.00 569
2018-06-01 $97,200 (-2.7%) $131,640 (-5.9%) 0.00 559
2018-07-01 $97,000 (-1.9%) $131,579 (0.1%) 0.00 600
2018-08-01 $97,200 (-2.4%) $138,199 (3.9%) 0.00 614
2018-09-01 $89,900 (-8.9%) $133,747 (2.3%) 0.00 602
2018-10-01 $90,750 (0.1%) $135,114 (8.7%) 0.00 580
2018-11-01 $94,800 (1.5%) $134,431 (8.1%) 0.00 558
2018-12-01 $93,500 (4.0%) $134,187 (12.5%) 0.00 512
2019-01-01 $94,200 (4.7%) $135,809 (15.6%) 0.00 471
2019-02-01 $104,675 (15.3%) $144,057 (17.8%) 0.00 432
2019-03-01 $104,657 (16.4%) $143,316 (16.7%) 0.00 429
2019-04-01 $112,949 (16.4%) $148,093 (15.5%) 0.00 428
2019-05-01 $114,599 (16.9%) $157,527 (21.1%) 0.00 441
2019-06-01 $112,500 (15.7%) $156,023 (18.5%) 0.00 472
2019-07-01 $109,950 (13.4%) $150,792 (14.6%) 0.00 549
2019-08-01 $109,740 (12.9%) $147,694 (6.9%) 0.00 549
2019-09-01 $109,577 (21.9%) $146,502 (9.5%) 0.00 532
2019-10-01 $107,225 (18.2%) $145,708 (7.8%) 0.00 519
2019-11-01 $99,900 (5.4%) $139,844 (4.0%) 0.00 478
2019-12-01 $99,375 (6.3%) $138,903 (3.5%) 0.00 418
2020-01-01 $94,925 (0.8%) $131,532 (-3.2%) 0.00 380
2020-02-01 $98,900 (-5.5%) $132,871 (-7.8%) 0.00 342
2020-03-01 $108,625 (3.8%) $140,171 (-2.2%) 0.00 340
2020-04-01 $106,725 (-5.5%) $139,147 (-6.0%) 0.00 321
2020-05-01 $112,500 (-1.8%) $147,561 (-6.3%) 0.00 293
2020-06-01 $116,700 (3.7%) $158,407 (1.5%) 0.00 255
2020-07-01 $110,650 (0.6%) $150,328 (-0.3%) 0.00 284
2020-08-01 $102,000 (-7.1%) $147,649 (0.0%) 0.00 267
2020-09-01 $104,700 (-4.5%) $145,028 (-1.0%) 0.00 248
2020-10-01 $100,000 (-6.7%) $143,406 (-1.6%) 0.00 226
2020-11-01 $96,225 (-3.7%) $135,716 (-3.0%) 0.00 238
2020-12-01 $89,900 (-9.5%) $129,456 (-6.8%) 0.00 230
2021-01-01 $89,900 (-5.3%) $128,739 (-2.1%) 0.00 210
2021-02-01 $91,750 (-7.2%) $133,378 (0.4%) 0.00 180
2021-03-01 $97,425 (-10.3%) $140,546 (0.3%) 0.00 153
2021-04-01 $86,125 (-19.3%) $142,293 (2.3%) 0.00 137
2021-05-01 $99,899 (-11.2%) $168,052 (13.9%) 0.00 145
2021-06-01 $99,650 (-14.6%) $178,860 (12.9%) 0.00 142
2021-07-01 $87,000 (-21.4%) $171,271 (13.9%) 0.00 155
2021-08-01 $89,900 (-11.9%) $169,423 (14.8%) 0.00 170
2021-09-01 $99,900 (-4.6%) $176,105 (21.4%) 0.00 188
2021-10-01 $109,900 (9.9%) $163,645 (14.1%) 0.00 182
2021-11-01 $102,974 (7.0%) $155,653 (14.7%) 0.00 168
2021-12-01 $98,897 (10.0%) $153,655 (18.7%) 0.00 166
2022-01-01 $89,900 (0.0%) $140,101 (8.8%) 0.00 147
2022-02-01 $89,900 (-2.0%) $144,897 (8.6%) 0.00 139
2022-03-01 $87,225 (-10.5%) $148,165 (5.4%) 0.00 128
2022-04-01 $89,897 (4.4%) $167,609 (17.8%) 0.00 140
2022-05-01 $115,450 (15.6%) $181,056 (7.7%) 0.00 142
2022-06-01 $124,925 (25.4%) $187,877 (5.0%) 0.00 146
2022-07-01 $125,000 (43.7%) $183,767 (7.3%) 0.00 169
2022-08-01 $126,550 (40.8%) $176,048 (3.9%) 0.00 174
2022-09-01 $125,900 (26.0%) $174,441 (-0.9%) 0.00 184
2022-10-01 $126,000 (14.7%) $176,076 (7.6%) 0.00 187
2022-11-01 $127,450 (23.8%) $175,228 (12.6%) 0.00 173
2022-12-01 $119,900 (21.2%) $168,424 (9.6%) 0.00 146
2023-01-01 $118,675 (32.0%) $177,173 (26.5%) 0.00 136
2023-02-01 $117,200 (30.4%) $189,880 (31.0%) 0.00 122
2023-03-01 $123,700 (41.8%) $198,324 (33.9%) 0.00 104
2023-04-01 $125,000 (39.1%) $209,976 (25.3%) 0.00 100
2023-05-01 $160,675 (39.2%) $230,434 (27.3%) 0.00 105
2023-06-01 $149,899 (20.0%) $224,173 (19.3%) 0.00 122
2023-07-01 $144,897 (15.9%) $222,627 (21.2%) 0.00 125
2023-08-01 $147,725 (16.7%) $213,318 (21.2%) 0.00 151
2023-09-01 $156,950 (24.7%) $219,353 (25.8%) 0.00 147
2023-10-01 $155,950 (23.8%) $221,671 (25.9%) 0.00 169
2023-11-01 $164,225 (28.9%) $224,376 (28.1%) 0.00 166
2023-12-01 $144,700 (20.7%) $206,609 (22.7%) 0.00 162
2024-01-01 $146,075 (23.1%) $210,558 (18.8%) 0.00 154
2024-02-01 $154,950 (32.2%) $210,614 (10.9%) 0.00 153
2024-03-01 $149,900 (21.2%) $231,841 (16.9%) 0.00 125
DECATUR's median listing price for 2024-03-01 was $149,900, a difference of $26,200 (21.2%) versus the prior year and $-5,050 versus the prior month.

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

DECATUR's average listing price for 2024-03-01 was $231,841, a difference of $33,517 (16.9%) versus the prior year and $21,227 versus the prior month.

For the 2024-03-01 period, DECATUR had 125 MLS listings, a difference of -28 listings (-18%) versus the prior month and 21 listings (20%) versus the prior year.

Median Listing Time on Market & Square Footage

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

DECATUR's median square footage for active listings during the 2024-03-01 period was 1,745 sqft. One year prior, the average listing was 1,573 sqft.

DECATUR, IL Average Rent (2023)

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

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

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

DECATUR, IL Market Loan Reason

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

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

Interest Rate Frequencies

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

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

Loan Sizing (DECATUR, IL MSA)

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

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

LTV Distribution

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

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