DECATUR Mortgage Rates & Closing Costs

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

    30 Year Fixed Rate mortgages in Decatur averaged 6.91% for the week of 2023-03-23, compared to the national average of 6.42% for the same period.

    The average rate for the prior week (2023-03-16) was 6.89% and one month ago for the week of 2023-02-16, the average rate was 6.71%.

    Decatur's average rate one year ago was 3.88%.

    For refis of the same type during the week of 2023-03-23, the average rate was 6.99%.

    Loan Type Date Rate
    US 30 Year Fixed Rate 2023-03-23 6.42%
    Decatur 30 Year Fixed Rate 2023-03-23 6.91%
    Decatur 30 Year Fixed Rate Refi 2023-03-23 6.99%
    Decatur 15 Year Fixed Rate 2023-03-23 6.23%
    Decatur 15 Year Fixed Rate Refi 2023-03-23 6.02%
    Decatur 30 Year FHA 2023-03-23 6.45%
    Decatur 30 Year FHA Refi 2023-03-23 6.03%
    Decatur 30 Year USDA 2023-03-23 6.3%
    Decatur 30 Year USDA Refi 2023-03-23 5.73%
    Decatur 30 Year VA 2023-03-23 6.13%
    Decatur 30 Year VA Refi 2023-03-23 6.09%
    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 2022 Avg. 30yFix Rate 2022 Avg. Closing Costs
    Busey Bank 60 4.80% $2,339
    Town & Country Banc Mortgage Services, Inc. 48 5.21% $2,477
    CITIZENS EQUITY FIRST 47 4.69% $1,676
    Prairie State Bank and Trust 46 4.96% $1,793
    Hickory Point Bank and Trust 45 4.91% $2,121
    CROSSCOUNTRY MORTGAGE, LLC 43 5.29% $4,142
    QUICKEN LOANS, LLC 35 5.15% $4,631
    Regions Bank 34 5.14% $2,769
    DRAPER AND KRAMER MORTGAGE CORP. 33 5.22% $2,881
    FLAT BRANCH MORTGAGE, INC. 28 5.49% $2,652
    FIRST STATE MORTGAGE SERVICES, LLC 24 5.28% $2,653
    JPMorgan Chase Bank 19 5.71% $2,762
    PNC Bank 18 4.99% $2,812
    The Huntington National Bank 10 4.83% $2,264
    Wells Fargo Bank 10 5.85% $3,132
    First Mid Bank & Trust 9 5.07% $1,986
    First Option Mortgage, LLC 8 5.69% $5,415
    U.S. Bank 8 5.27% $3,498
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 6 5.92% $3,587
    UNITED WHOLESALE MORTGAGE, LLC 5 4.97% $5,178
    First State Bank 5 5.53% $1,825
    Flagstar Bank, FSB 4 5.32% $4,318
    1ST MIDAMERICA 4 4.97% $2,415
    FINANCE OF AMERICA MORTGAGE LLC 4 5.69% $5,485
    GERSHMAN INVESTMENT CORP. 4 4.38% $2,159
    AMERISAVE MORTGAGE CORPORATION 3 5.12% $8,823
    NEWREZ LLC 3 4.41% $3,453
    ROYAL UNITED MORTGAGE LLC 3 4.54% $5,867
    Farm Credit Mid-America, ACA 3 5.75% $5,476
    ZILLOW HOME LOANS, LLC 3 5.58% $4,004
    Mr. Cooper ( Nationstar Mortgage ) 3 5.50% $5,448
    INB 3 4.83% $2,257
    NAVY FEDERAL CREDIT UNION 3 6.71% $2,756
    Heartland Bank and Trust Company 2 4.88% $2,011
    Carrollton Bank 2 4.88% $1,948
    CIBM Bank 2 4.88% $2,839
    DELMAR FINANCIAL COMPANY 2 5.69% $2,752
    ENDEAVOR CAPITAL, LLC. 2 6.63% $5,943
    Fortress Bank 2 6.56% $2,467
    FREEDOM MORTGAGE CORPORATION 2 4.56% $5,389
    GUARANTEED RATE, INC. 2 4.93% $3,461
    GUILD MORTGAGE COMPANY 2 4.99% $2,764
    HOME POINT FINANCIAL CORPORATION 2 5.38% $6,453
    ILLINOIS STATE CREDIT UNION 2 5.44% $2,118
    LOANDEPOT.COM, LLC 2 5.81% $4,178
    PRIMELENDING, A PLAINSCAPITAL COMPANY 2 5.81% $2,804
    United Community Bank 2 5.63% $1,857
    Bank of Springfield 1 4.98% $3,131
    HOMESIDE FINANCIAL, LLC 1 6.63% $2,113
    IAA Credit Union 1 5.00% $1,922
    UNIVERSITY OF ILLINOIS COMMUNITY 1 4.75% $2,041
    Discover Bank 1 6.99% $0
    INTERCAP LENDING INC. 1 6.13% $3,182
    Iroquois Federal Savings and Loan Association 1 4.13% $4,377
    Dieterich Bank 1 4.03% $2,090
    KELLER MORTGAGE, LLC 1 6.88% $3,851
    Key Mortgage Services, Inc. 1 5.50% $3,062
    LAKEVIEW LOAN SERVICING, LLC 1 4.50% $2,510
    Bankers' Bank 1 3.88% $2,042
    Midland States Bank 1 6.13% $2,496
    Morgan Stanley Private Bank 1 4.90% $2,302
    MORTGAGE ACCESS CORP. 1 7.49% $2,354
    Mortgage Research Center, LLC 1 6.13% $4,354
    DIAMOND RESIDENTIAL MORTGAGE CORPORATION 1 5.50% $3,563
    Nations Lending Corporation 1 6.63% $3,621
    Devon Bank 1 4.50% $3,220
    NETWORK CAPITAL FUNDING CORPORATION 1 3.50% $2,534
    DAS Acquisition Company, LLC 1 5.50% $93
    Paramount Residential Mortgage Group, Inc. 1 8.00% $3,613
    PENNYMAC LOAN SERVICES, LLC 1 5.37% $6,167
    Petefish, Skiles & Co. 1 6.00% $5,647
    Community Mortgage Banc Corporation 1 7.13% $2,646
    Colonial Savings, F.A. 1 5.50% $4,861
    Ally Bank 1 5.00% $1,692
    PROPER RATE, LLC 1 7.63% $5,454
    PURDUE FEDERAL CREDIT UNION 1 4.88% $2,625
    Citibank 1 4.00% $2,783
    CHERRY CREEK MORTGAGE, LLC 1 3.88% $720
    Carrington Mortgage Services, LLC 1 6.25% $5,647
    SCOTT CREDIT UNION 1 5.25% $2,709
    Semper Home Loans, Inc. 1 2.75% $3,825
    First Guaranty Mortgage Corporation 1 3.88% $2,627
    First Financial Bank 1 4.13% $1,978
    Summit Credit Union 1 5.50% $2,202
    BMO Harris Bank 1 5.88% $3,873
    First Federal Savings and Loan Association of Lakewood 1 4.29% $2,558
    Baxter Credit Union 1 5.88% $2,257
    Alliance Community Bank 1 4.50% $1,797
    Fifth Third Bank 1 5.38% $3,651
    ENVOY MORTGAGE, LTD 1 6.88% $4,614

    DECATUR Average Closing Costs & Other Stats

    DECATUR, IL's 90 lenders originated 1,795 loans during 2022. The total origination value was $221,845,000, with an average loan value of $123,591.

    DECATUR's average closing costs are $3,088.

    The top DECATUR lender as defined by loan originations is Busey Bank, with 60 loans originated. Their average total fees are $2,339, which is $138 lower than the next largest lender, Town & Country Banc Mortgage Services, Inc..

    The lowest fee DECATUR lenders (with over 10 loans originated) are CITIZENS EQUITY FIRST ($1,676), Prairie State Bank and Trust ($1,793), Hickory Point Bank and Trust ($2,121), The Huntington National Bank ($2,264) and Busey Bank ($2,339).

    The lowest rate DECATUR lenders (with over 10 loans originated) are CITIZENS EQUITY FIRST (4.69%), Busey Bank (4.80%), The Huntington National Bank (4.83%), Hickory Point Bank and Trust (4.91%) and Prairie State Bank and Trust (4.96%).

    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 2021 Loan Value 2022 Loan Value % Change 2022 Market Share
    Prairie State Bank and Trust $33,670,000 $14,900,000 -55.7% 6.7%
    QUICKEN LOANS, LLC $20,325,000 $13,680,000 -32.7% 6.2%
    Busey Bank $13,570,000 n/a 6.1%
    CROSSCOUNTRY MORTGAGE, LLC $13,165,000 n/a 5.9%
    Regions Bank $13,990,000 $12,420,000 -11.2% 5.6%
    Town & Country Banc Mortgage Services, Inc. $44,500,000 $11,490,000 -74.2% 5.2%
    First Mid Bank & Trust $17,100,000 $8,625,000 -49.6% 3.9%
    DRAPER AND KRAMER MORTGAGE CORP. $19,520,000 $8,365,000 -57.1% 3.8%
    CITIZENS EQUITY FIRST $9,990,000 $8,030,000 -19.6% 3.6%
    FLAT BRANCH MORTGAGE, INC. $5,675,000 $7,505,000 32.2% 3.4%
    Hickory Point Bank and Trust $17,230,000 $7,390,000 -57.1% 3.3%
    Mortgage Research Center, LLC $7,600,000 $6,250,000 -17.8% 2.8%
    PNC Bank $5,950,000 $5,630,000 -5.4% 2.5%
    Scott State Bank $7,310,000 $5,130,000 -29.8% 2.3%
    Land of Lincoln Credit Union $4,420,000 $4,965,000 12.3% 2.2%
    DECATUR EARTHMOVER CREDIT UNION $9,070,000 $4,785,000 -47.2% 2.2%
    FIRST STATE MORTGAGE SERVICES, LLC $6,595,000 $4,610,000 -30.1% 2.1%
    First Option Mortgage, LLC $1,800,000 $4,535,000 151.9% 2.0%
    Buena Vista National Bank $5,065,000 $4,025,000 -20.5% 1.8%
    JPMorgan Chase Bank $4,465,000 $4,015,000 -10.1% 1.8%
    The Huntington National Bank $2,710,000 $3,100,000 14.4% 1.4%
    Wells Fargo Bank $4,450,000 $2,790,000 -37.3% 1.3%
    U.S. Bank $2,495,000 $2,195,000 -12.0% 1.0%
    Morton Community Bank $1,105,000 $1,765,000 59.7% 0.8%
    GERSHMAN INVESTMENT CORP. $4,900,000 $1,760,000 -64.1% 0.8%
    NAVY FEDERAL CREDIT UNION $1,455,000 $1,655,000 13.7% 0.7%
    USAA Federal Savings Bank $2,340,000 $1,375,000 -41.2% 0.6%
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION $3,005,000 $1,240,000 -58.7% 0.6%
    UNITED WHOLESALE MORTGAGE, LLC $775,000 $1,230,000 58.7% 0.6%
    First State Bank $1,045,000 $1,220,000 16.7% 0.5%
    FREEDOM MORTGAGE CORPORATION $6,330,000 $1,175,000 -81.4% 0.5%
    Mr. Cooper ( Nationstar Mortgage ) $2,865,000 $1,170,000 -59.2% 0.5%
    INB $3,430,000 $1,090,000 -68.2% 0.5%
    FINANCE OF AMERICA MORTGAGE LLC $1,065,000 n/a 0.5%
    AMERISAVE MORTGAGE CORPORATION $1,065,000 $1,045,000 -1.9% 0.5%
    Flagstar Bank, FSB $230,000 $970,000 321.7% 0.4%
    NEW DAY FINANCIAL, LLC $220,000 $930,000 322.7% 0.4%
    Town and Country Bank $980,000 $860,000 -12.2% 0.4%
    BROKER SOLUTIONS, INC. $355,000 $835,000 135.2% 0.4%
    NEWREZ LLC $3,500,000 $835,000 -76.1% 0.4%
    Heartland Bank and Trust Company $865,000 $810,000 -6.4% 0.4%
    Farm Credit Mid-America, ACA $75,000 $695,000 826.7% 0.3%
    PRIMELENDING, A PLAINSCAPITAL COMPANY $510,000 $685,000 34.3% 0.3%
    HOME POINT FINANCIAL CORPORATION $835,000 $680,000 -18.6% 0.3%
    LOANDEPOT.COM, LLC $1,935,000 $680,000 -64.9% 0.3%
    ENDEAVOR CAPITAL, LLC. $400,000 $645,000 61.3% 0.3%
    Warren-Boynton State Bank $85,000 $590,000 594.1% 0.3%
    PENNYMAC LOAN SERVICES, LLC $1,945,000 $580,000 -70.2% 0.3%
    1ST MIDAMERICA $1,095,000 $545,000 -50.2% 0.2%
    Iroquois Federal Savings and Loan Association $145,000 $545,000 275.9% 0.2%
    CHERRY CREEK MORTGAGE, LLC $525,000 n/a 0.2%
    AMERICAN PACIFIC MORTGAGE CORPORATION $6,605,000 $510,000 -92.3% 0.2%
    Marine Bank $1,065,000 $485,000 -54.5% 0.2%
    DIAMOND RESIDENTIAL MORTGAGE CORPORATION $1,580,000 $465,000 -70.6% 0.2%
    GUARANTEED RATE, INC. $1,155,000 $465,000 -59.7% 0.2%
    Luana Savings Bank $230,000 $460,000 100.0% 0.2%
    Semper Home Loans, Inc. $455,000 n/a 0.2%
    Morgan Stanley Private Bank $445,000 n/a 0.2%
    CIBM Bank $2,505,000 $440,000 -82.4% 0.2%
    PENTAGON FEDERAL CREDIT UNION $430,000 n/a 0.2%
    MYCUMORTGAGE, LLC $865,000 $425,000 -50.9% 0.2%
    AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC $415,000 n/a 0.2%
    Hometown Lenders, Inc. $390,000 n/a 0.2%
    Bank of Springfield $905,000 $380,000 -58.0% 0.2%
    Fifth Third Bank $150,000 $365,000 143.3% 0.2%
    ZILLOW HOME LOANS, LLC $125,000 $355,000 184.0% 0.2%
    CALIBER HOME LOANS, INC. $2,965,000 $335,000 -88.7% 0.2%
    Petefish, Skiles & Co. $190,000 $335,000 76.3% 0.2%
    Murphy-Wall State Bank and Trust Company $325,000 n/a 0.1%
    ROYAL UNITED MORTGAGE LLC $390,000 $315,000 -19.2% 0.1%
    MORTGAGE SOLUTIONS OF COLORADO, LLC $310,000 n/a 0.1%
    Key Mortgage Services, Inc. $305,000 n/a 0.1%
    21ST MORTGAGE CORPORATION $215,000 $300,000 39.5% 0.1%
    Fortress Bank $300,000 n/a 0.1%
    First State Bank of Forrest $255,000 $290,000 13.7% 0.1%
    Wyndham Capital Mortgage, Inc. $285,000 $285,000 0.0% 0.1%
    DELMAR FINANCIAL COMPANY $345,000 $280,000 -18.8% 0.1%
    THRIVE MORTGAGE, LLC $275,000 n/a 0.1%
    DAS Acquisition Company, LLC $270,000 n/a 0.1%
    ILLINOIS STATE CREDIT UNION $270,000 n/a 0.1%
    KELLER MORTGAGE, LLC $295,000 $260,000 -11.9% 0.1%
    SCOTT CREDIT UNION $530,000 $255,000 -51.9% 0.1%
    Nations Lending Corporation $350,000 $240,000 -31.4% 0.1%
    NFM, INC. $240,000 n/a 0.1%
    TRIAD FINANCIAL SERVICES, INC. $75,000 $240,000 220.0% 0.1%
    ALLIANT CREDIT UNION $75,000 $235,000 213.3% 0.1%
    Colonial Savings, F.A. $460,000 $235,000 -48.9% 0.1%
    UNIVERSITY OF ILLINOIS COMMUNITY $210,000 $230,000 9.5% 0.1%
    First Federal Savings and Loan Association of Lakewood $225,000 n/a 0.1%
    Carrollton Bank $295,000 $215,000 -27.1% 0.1%
    ENVOY MORTGAGE, LTD $215,000 n/a 0.1%
    IAA Credit Union $155,000 $210,000 35.5% 0.1%
    Legence Bank $210,000 n/a 0.1%
    Neighborhood Loans, Inc. $155,000 $205,000 32.3% 0.1%
    Community Mortgage Banc Corporation $360,000 $200,000 -44.4% 0.1%
    Bank & Trust Company $195,000 n/a 0.1%
    MORTGAGE ACCESS CORP. $195,000 n/a 0.1%
    MOVEMENT MORTGAGE, LLC $195,000 n/a 0.1%
    AMERICAN FINANCING CORPORATION $190,000 n/a 0.1%
    Carrington Mortgage Services, LLC $400,000 $190,000 -52.5% 0.1%
    Citibank $200,000 $190,000 -5.0% 0.1%
    AMERICAN PORTFOLIO MORTGAGE CORPORATION $185,000 n/a 0.1%
    LAKEVIEW LOAN SERVICING, LLC $1,030,000 $180,000 -82.5% 0.1%
    United Community Bank $1,325,000 $180,000 -86.4% 0.1%
    North American Savings Bank, F.S.B. $65,000 $175,000 169.2% 0.1%
    RUOFF MORTGAGE COMPANY, INC. $205,000 $175,000 -14.6% 0.1%
    GUILD MORTGAGE COMPANY $405,000 $170,000 -58.0% 0.1%
    Security Bank, s.b. $170,000 n/a 0.1%
    PURDUE FEDERAL CREDIT UNION $165,000 n/a 0.1%
    NETWORK CAPITAL FUNDING CORPORATION $160,000 n/a 0.1%
    CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP $300,000 $155,000 -48.3% 0.1%
    CHURCHILL MORTGAGE CORPORATION $840,000 $155,000 -81.5% 0.1%
    Plains Commerce Bank $115,000 $155,000 34.8% 0.1%
    SOFI LENDING CORP. $105,000 $155,000 47.6% 0.1%
    The Fisher National Bank $110,000 $155,000 40.9% 0.1%
    Ally Bank $300,000 $145,000 -51.7% 0.1%
    CLEARPATH LENDING $510,000 $145,000 -71.6% 0.1%
    Devon Bank $145,000 n/a 0.1%
    First Financial Bank $145,000 n/a 0.1%
    HOMESITE MORTGAGE, LLC $145,000 n/a 0.1%
    LEADERONE FINANCIAL CORPORATION $180,000 $145,000 -19.4% 0.1%
    Low VA Rates, LLC $145,000 n/a 0.1%
    PROPER RATE, LLC $135,000 $145,000 7.4% 0.1%
    Southern Bank $145,000 n/a 0.1%
    Figure Lending LLC $60,000 $140,000 133.3% 0.1%
    AmeriHome Mortgage Company, LLC $185,000 $135,000 -27.0% 0.1%
    Dieterich Bank $140,000 $135,000 -3.6% 0.1%
    FCB Banks $270,000 $135,000 -50.0% 0.1%
    Midland States Bank $830,000 $135,000 -83.7% 0.1%
    Northwest Bank $135,000 n/a 0.1%
    SUCCESS MORTGAGE PARTNERS, INC. $135,000 n/a 0.1%
    VELOCITY COMMERCIAL CAPITAL, LLC $135,000 n/a 0.1%
    Discover Bank $270,000 $130,000 -51.9% 0.1%
    Barrington Bank & Trust Company, N.A. $420,000 $125,000 -70.2% 0.1%
    BMO Harris Bank $355,000 $125,000 -64.8% 0.1%
    FIRST CENTENNIAL MORTGAGE CORPORATION $105,000 $125,000 19.0% 0.1%
    The Peoples State Bank of Newton, Illinois $125,000 n/a 0.1%
    Armed Forces Bank $115,000 n/a 0.1%
    Mid-Continent Funding, Inc. $95,000 $115,000 21.1% 0.1%
    M&T Bank $115,000 n/a 0.1%
    Paramount Residential Mortgage Group, Inc. $115,000 n/a 0.1%
    Summit Credit Union $115,000 n/a 0.1%
    Baxter Credit Union $105,000 n/a 0.0%
    Montgomery Bank $105,000 n/a 0.0%
    LIBERTY HOME MORTGAGE CORPORATION $95,000 n/a 0.0%
    Equity Prime Mortgage LLC $165,000 $85,000 -48.5% 0.0%
    First Guaranty Mortgage Corporation $375,000 $85,000 -77.3% 0.0%
    German American Bank $135,000 $85,000 -37.0% 0.0%
    Hometown Equity Mortgage, LLC $85,000 n/a 0.0%
    INTERCAP LENDING INC. $85,000 n/a 0.0%
    The Federal Savings Bank $300,000 $85,000 -71.7% 0.0%
    VANTAGE Credit Union $85,000 n/a 0.0%
    GREENSTATE CREDIT UNION $375,000 $80,000 -78.7% 0.0%
    Bankers' Bank $75,000 n/a 0.0%
    CIVIC FINANCIAL SERVICES, LLC $75,000 n/a 0.0%
    GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION $75,000 n/a 0.0%
    LENDINGONE, LLC $75,000 n/a 0.0%
    Alliance Community Bank $115,000 $65,000 -43.5% 0.0%
    Bank of America $685,000 $65,000 -90.5% 0.0%
    BOKF $65,000 n/a 0.0%
    GMFS LLC $65,000 n/a 0.0%
    HOMESIDE FINANCIAL, LLC $820,000 $65,000 -92.1% 0.0%
    Centier Bank $60,000 n/a 0.0%
    LENDINGHOME FUNDING CORPORATION $55,000 n/a 0.0%
    Transportation Federal Credit Union $55,000 n/a 0.0%
    FINANCE OF AMERICA REVERSE LLC $25,000 $45,000 80.0% 0.0%
    Home Loan Investment Bank, F.S.B. $40,000 n/a 0.0%
    Midwest Heritage Bank FSB $35,000 n/a 0.0%
    R.I.A. Federal Credit Union $35,000 n/a 0.0%
    SPRING EQ, LLC $25,000 n/a 0.0%
    UNITED $25,000 n/a 0.0%
    West Central Bank $25,000 n/a 0.0%

    DECATUR's top lender by overall market share is Prairie State Bank and Trust, with 6.7% market share. In second place, with 6.2%, is QUICKEN LOANS, LLC, having originated $13,680,000 in loans. In third place, with 6.1%, is Busey Bank, having originated $13,570,000 in loans. In fourth place, with 5.9%, is CROSSCOUNTRY MORTGAGE, LLC, having originated $13,165,000 in loans. In fifth place, with 5.6%, is Regions Bank, having originated $12,420,000 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 (-5.8%) 0.00 559
    2018-07-01 $97,000 (-1.9%) $131,579 (0.3%) 0.00 600
    2018-08-01 $97,200 (-2.3%) $138,199 (4.0%) 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%) $148,111 (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 (-6.1%) 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 $126,900 (41.2%) $176,388 (4.1%) 0.00 174
    2022-09-01 $125,900 (26.0%) $174,441 (-0.9%) 0.00 184
    2022-10-01 $126,000 (14.7%) $176,199 (7.7%) 0.00 187
    2022-11-01 $127,450 (23.8%) $175,462 (12.7%) 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
    DECATUR's median listing price for 2023-02-01 was $117,200, a difference of $27,300 (30.4%) versus the prior year and $-1,475 versus the prior month.

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

    DECATUR's average listing price for 2023-02-01 was $189,880, a difference of $44,983 (31.0%) versus the prior year and $12,707 versus the prior month.

    For the 2023-02-01 period, DECATUR had 122 MLS listings, a difference of -14 listings (-10%) versus the prior month and -17 listings (-12%) 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 1,769 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 2,085 sqft
    2022-11-01 0 days 1,736 sqft
    2022-12-01 0 days 1,720 sqft
    2023-01-01 0 days 1,634 sqft
    2023-02-01 0 days 1,605 sqft
    DECATUR's median listing age (time on market) for 2023-02-01 was 0 days.

    DECATUR's median square footage for active listings during the 2023-02-01 period was 1,605 sqft. One year prior, the average listing was 1,443 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 $540 $640 $790 $1,100 $1,140
    61756 Decatur, IL $500 $590 $740 $1,030 $1,060
    61818 Decatur, IL $670 $670 $790 $1,000 $1,110
    61830 Decatur, IL $710 $720 $850 $1,100 $1,160
    61882 Decatur, IL $670 $670 $830 $1,160 $1,190
    61914 Decatur, IL $540 $640 $790 $1,100 $1,140
    61925 Decatur, IL $810 $960 $1,190 $1,660 $1,710
    61937 Decatur, IL $670 $680 $830 $1,130 $1,170
    62501 Decatur, IL $570 $680 $840 $1,170 $1,210
    62513 Decatur, IL $660 $780 $970 $1,360 $1,400
    62514 Decatur, IL $510 $600 $750 $1,050 $1,080
    62521 Decatur, IL $560 $660 $820 $1,150 $1,180
    62522 Decatur, IL $550 $650 $810 $1,130 $1,170
    62523 Decatur, IL $500 $590 $740 $1,030 $1,060
    62524 Decatur, IL $540 $640 $790 $1,100 $1,140
    62525 Decatur, IL $540 $640 $790 $1,100 $1,140
    62526 Decatur, IL $540 $640 $790 $1,100 $1,140
    62532 Decatur, IL $530 $630 $780 $1,090 $1,120
    62535 Decatur, IL $810 $960 $1,190 $1,660 $1,710
    62537 Decatur, IL $540 $630 $790 $1,100 $1,140
    62539 Decatur, IL $550 $670 $830 $1,060 $1,140
    62543 Decatur, IL $500 $590 $740 $1,030 $1,060
    62544 Decatur, IL $500 $590 $740 $1,030 $1,060
    62547 Decatur, IL $580 $690 $850 $1,190 $1,220
    62549 Decatur, IL $530 $620 $770 $1,080 $1,110
    62550 Decatur, IL $570 $670 $830 $1,160 $1,190
    62551 Decatur, IL $500 $590 $740 $1,030 $1,060
    62554 Decatur, IL $580 $690 $850 $1,190 $1,220
    62573 Decatur, IL $500 $590 $740 $1,030 $1,060

    2022 Average & Median Rent Data Statistics
    DECATUR, IL average 1BR rent: $668, median: $640
    DECATUR, IL average 2BR rent: $826, median: $790
    DECATUR, IL average 3BR rent: $1,142, median: $1,100

    DECATUR, IL Market Loan Reason

    Loan Purpose Originations Total Value Average Loan
    Home Purchase 1,277 $167,555,000 $131,210
    Cash Out Refi 179 $22,135,000 $123,659
    Refi 176 $23,680,000 $134,545
    Home Improvement 90 $4,470,000 $49,667
    Other 73 $4,005,000 $54,863

    Decatur's most frequently cited loan purpose was Home Purchase, with 1,277 originations. The 2nd most popular reason was Cash Out Refi, with 179 originations.

    Interest Rate Frequencies

    Loan Rate Originations Total Value Average Loan
    5-6% 484 $66,360,000 $137,107
    4-5% 388 $48,630,000 $125,335
    3-4% 335 $47,545,000 $141,925
    6-7% 210 $25,220,000 $120,095
    7-8% 72 $6,660,000 $92,500
    <2.5% 55 $1,835,000 $33,364
    2.5-3% 51 $8,175,000 $160,294
    Over 8% 29 $825,000 $28,448

    During 2022, Decatur's most frequently originated rate bucket was 5-6%, with 484 originations.

    Loan Sizing (DECATUR, IL MSA)

    Loan Size Originations Total Value Average Loan
    $100,000 or less 866 $49,930,000 $57,656
    $100k-200k 670 $92,290,000 $137,746
    $200k-400k 234 $62,050,000 $265,171
    $400k-600k 17 $7,635,000 $449,118
    $600k-1000k 6 $4,200,000 $700,000
    $Over $1MM 2 $5,740,000 $2,870,000

    DECATUR's loan sizing saw the bucket of loans from $100,000 or less with 866 originations, totaling $49,930,000 in origination value.

    LTV Distribution

    Loan to Value Originations Total Value Average Loan
    80-100% 936 $131,300,000 $140,278
    60-80% 361 $47,835,000 $132,507
    40-60% 113 $15,205,000 $134,558
    Under 20% 113 $2,605,000 $23,053
    20-40% 78 $4,240,000 $54,359
    Over 100% 15 $3,065,000 $204,333

    DECATUR's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 936 originations, totaling $131,300,000 in origination value.