Enterprise Mortgage Rates & Closing Costs

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

30 Year Fixed Rate mortgages in Enterprise averaged 7.03% for the week of 2024-06-06, compared to the national average of 6.99% for the same period.

The average rate for the prior week (2024-05-30) was 7.07% and one month ago for the week of 2024-05-02, the average rate was 7.36%.

Enterprise's average rate one year ago was 6.83%.

For refis of the same type during the week of 2024-06-06, the average rate was 7.49%.

Loan Type Date Rate
US 30 Year Fixed Rate 2024-06-06 6.99%
Enterprise 30 Year Fixed Rate 2024-06-06 7.03%
Enterprise 30 Year Fixed Rate Refi 2024-06-06 7.49%
Enterprise 15 Year Fixed Rate 2024-06-06 6.19%
Enterprise 15 Year Fixed Rate Refi 2024-06-06 6.39%
Enterprise 30 Year FHA 2024-06-06 6.49%
Enterprise 30 Year FHA Refi 2024-06-06 6.59%
Enterprise 30 Year USDA 2024-06-06 6.5%
Enterprise 30 Year USDA Refi 2024-06-06 6.6%
Enterprise 30 Year VA 2024-06-06 6.45%
Enterprise 30 Year VA Refi 2024-06-06 6.19%
Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations within Enterprise, AL.

Enterprise 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 Enterprise, AL 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
River Bank & Trust 23 7.30% $3,800
QUICKEN LOANS, LLC 18 6.80% $5,981
Mortgage Research Center, LLC 15 6.90% $2,816
ENVOY MORTGAGE, LTD 12 6.83% $6,067
UNITED WHOLESALE MORTGAGE, LLC 12 6.88% $5,608
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 10 6.82% $5,983
MOVEMENT MORTGAGE, LLC 8 7.17% $4,367
PENNYMAC LOAN SERVICES, LLC 7 6.66% $5,119
Renasant Bank 6 6.75% $4,103
BankPlus 6 6.94% $3,647
JPMorgan Chase Bank 5 6.80% $1,147
Five Star Credit Union 4 6.82% $5,073
NAVY FEDERAL CREDIT UNION 4 7.22% $5,688
MORTGAGE INVESTORS GROUP, INC. 4 6.74% $3,482
INTERLINC MORTGAGE SERVICES, LLC 4 6.66% $4,869
Assurance Financial Group, L.L.C. 4 7.00% $4,567
VANDERBILT MORTGAGE AND FINANCE, INC. 3 8.41% $5,445
USAA Federal Savings Bank 3 6.04% $6,106
ALL IN 2 6.88% $1,585
UNION HOME MORTGAGE CORP. 2 6.88% $5,637
GUILD MORTGAGE COMPANY 2 6.25% $2,645
Wells Fargo Bank 2 5.63% $2,499
HOMESTAR FINANCIAL CORPORATION 2 6.13% $2,716
Synovus Bank 2 7.69% $3,611
PRIMELENDING, A PLAINSCAPITAL COMPANY 2 6.99% $4,383
21ST MORTGAGE CORPORATION 2 8.35% $4,527
Troy Bank and Trust Company 1 9.38% $2,721
ACADEMY MORTGAGE CORPORATION 1 7.50% $8,287
AMERICAN FINANCIAL RESOURCES, INC. 1 7.63% $5,275
Ameris Bank 1 6.88% $5,080
ARK-LA-TEX FINANCIAL SERVICES, LLC. 1 7.37% $0
ATLANTA POSTAL 1 7.38% $4,255
Bank of America 1 5.50% $2,915
Bank of England 1 6.38% $4,969
BARTLETT MORTGAGE, INC. 1 6.88% $3,168
Capital City Home Loans, LLC 1 7.00% $9,871
CMG MORTGAGE, INC. 1 7.25% $3,692
EMBRACE HOME LOANS, INC. 1 7.38% $5,754
FBC MORTGAGE, LLC 1 6.99% $12,604
FREEDOM MORTGAGE CORPORATION 1 6.88% $5,397
Ixonia Bank 1 6.63% $7,678
LIBERTY HOME MORTGAGE CORPORATION 1 7.63% $4,739
LOANDEPOT.COM, LLC 1 7.63% $5,401
Mr. Cooper ( Nationstar Mortgage ) 1 6.49% $7,499
Nations Lending Corporation 1 6.63% $0
NEWREZ LLC 1 6.38% $3,019
Regions Bank 1 7.00% $2,927
Servion, Inc. 1 7.25% $2,686
South State Bank 1 6.50% $2,894
Tyndall Federal Credit Union 1 5.88% $2,337

Enterprise Average Closing Costs & Other Stats

Enterprise, AL's 50 lenders originated 1,207 loans during 2023. The total origination value was $246,225,000, with an average loan value of $203,998.

Enterprise's average closing costs are $4,732.

The top Enterprise lender as defined by loan originations is River Bank & Trust, with 23 loans originated. Their average total fees are $3,800, which is $2,181 lower than the next largest lender, QUICKEN LOANS, LLC.

The lowest fee Enterprise lenders (with over 10 loans originated) are Mortgage Research Center, LLC ($2,816), River Bank & Trust ($3,800), UNITED WHOLESALE MORTGAGE, LLC ($5,608), QUICKEN LOANS, LLC ($5,981) and FAIRWAY INDEPENDENT MORTGAGE CORPORATION ($5,983).

The lowest rate Enterprise lenders (with over 10 loans originated) are QUICKEN LOANS, LLC (6.80%), FAIRWAY INDEPENDENT MORTGAGE CORPORATION (6.82%), ENVOY MORTGAGE, LTD (6.83%), UNITED WHOLESALE MORTGAGE, LLC (6.88%) and Mortgage Research Center, LLC (6.90%).

Enterprise, AL 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
Mortgage Research Center, LLC $56,695,000 $42,825,000 -24.5% 17.4%
ENVOY MORTGAGE, LTD $23,050,000 $19,485,000 -15.5% 7.9%
FAIRWAY INDEPENDENT MORTGAGE CORPORATION $27,235,000 $13,935,000 -48.8% 5.7%
MOVEMENT MORTGAGE, LLC $2,905,000 $13,680,000 370.9% 5.6%
ALL IN $13,655,000 $13,250,000 -3.0% 5.4%
River Bank & Trust $19,075,000 $13,095,000 -31.3% 5.3%
NAVY FEDERAL CREDIT UNION $10,445,000 $10,200,000 -2.3% 4.1%
QUICKEN LOANS, LLC $15,205,000 $9,580,000 -37.0% 3.9%
UNITED WHOLESALE MORTGAGE, LLC $3,810,000 $8,915,000 134.0% 3.6%
Renasant Bank $12,160,000 $7,100,000 -41.6% 2.9%
PENNYMAC LOAN SERVICES, LLC $7,015,000 $5,735,000 -18.2% 2.3%
BankPlus $4,745,000 $4,800,000 1.2% 1.9%
USAA Federal Savings Bank $11,135,000 $4,375,000 -60.7% 1.8%
GUARANTEED RATE, INC. $4,180,000 $3,470,000 -17.0% 1.4%
Armed Forces Bank $2,310,000 $3,455,000 49.6% 1.4%
HOMESTAR FINANCIAL CORPORATION $1,670,000 $3,200,000 91.6% 1.3%
FREEDOM MORTGAGE CORPORATION $3,655,000 $2,770,000 -24.2% 1.1%
21ST MORTGAGE CORPORATION $1,425,000 $2,720,000 90.9% 1.1%
Troy Bank and Trust Company $6,470,000 $2,665,000 -58.8% 1.1%
CROSSCOUNTRY MORTGAGE, LLC $655,000 $2,590,000 295.4% 1.1%
Five Star Credit Union $1,375,000 $1,900,000 38.2% 0.8%
The Citizens Bank $1,900,000 n/a 0.8%
INTERLINC MORTGAGE SERVICES, LLC $4,115,000 $1,895,000 -53.9% 0.8%
PRIMELENDING, A PLAINSCAPITAL COMPANY $565,000 $1,455,000 157.5% 0.6%
PENTAGON FEDERAL CREDIT UNION $2,045,000 $1,440,000 -29.6% 0.6%
CMG MORTGAGE, INC. $740,000 $1,345,000 81.8% 0.5%
LIBERTY HOME MORTGAGE CORPORATION $1,340,000 n/a 0.5%
Flagstar Bank, FSB $545,000 $1,315,000 141.3% 0.5%
LOANDEPOT.COM, LLC $3,600,000 $1,290,000 -64.2% 0.5%
Synovus Bank $3,225,000 $1,280,000 -60.3% 0.5%
VANDERBILT MORTGAGE AND FINANCE, INC. $660,000 $1,280,000 93.9% 0.5%
Ameris Bank $1,130,000 $1,270,000 12.4% 0.5%
Mr. Cooper ( Nationstar Mortgage ) $1,455,000 $1,270,000 -12.7% 0.5%
GUILD MORTGAGE COMPANY $2,845,000 $1,260,000 -55.7% 0.5%
ARK-LA-TEX FINANCIAL SERVICES, LLC. $1,225,000 n/a 0.5%
MORTGAGE INVESTORS GROUP, INC. $1,615,000 $1,215,000 -24.8% 0.5%
JPMorgan Chase Bank $565,000 $1,195,000 111.5% 0.5%
Wells Fargo Bank $7,205,000 $1,160,000 -83.9% 0.5%
The Samson Banking Company, Inc. $650,000 $1,110,000 70.8% 0.5%
NEW DAY FINANCIAL, LLC $2,890,000 $1,020,000 -64.7% 0.4%
UNION HOME MORTGAGE CORP. $1,770,000 $815,000 -54.0% 0.3%
CCB Community Bank $1,650,000 $805,000 -51.2% 0.3%
Tyndall Federal Credit Union $390,000 $770,000 97.4% 0.3%
NBKC BANK $1,585,000 $750,000 -52.7% 0.3%
NEWREZ LLC $925,000 $735,000 -20.5% 0.3%
First Federal Bank $1,215,000 $730,000 -39.9% 0.3%
MORTGAGE SOLUTIONS OF COLORADO, LLC $800,000 $710,000 -11.3% 0.3%
The Federal Savings Bank $1,110,000 $665,000 -40.1% 0.3%
Regions Bank $2,690,000 $660,000 -75.5% 0.3%
CREDIT HUMAN FEDERAL CREDIT UNION $430,000 $635,000 47.7% 0.3%
Plains Commerce Bank $625,000 $625,000 0.0% 0.3%
Trustmark National Bank $535,000 $590,000 10.3% 0.2%
Assurance Financial Group, L.L.C. $195,000 $585,000 200.0% 0.2%
BROKER SOLUTIONS, INC. $2,390,000 $580,000 -75.7% 0.2%
Carrington Mortgage Services, LLC $1,515,000 $550,000 -63.7% 0.2%
Capital City Home Loans, LLC $505,000 n/a 0.2%
The First National Bank of Hartford $760,000 $485,000 -36.2% 0.2%
HOMESPIRE MORTGAGE CORPORATION $475,000 n/a 0.2%
FBC MORTGAGE, LLC $115,000 $465,000 304.3% 0.2%
Paramount Residential Mortgage Group, Inc. $465,000 n/a 0.2%
CHURCHILL MORTGAGE CORPORATION $260,000 $455,000 75.0% 0.2%
LENDINGHOME FUNDING CORPORATION $455,000 n/a 0.2%
First State Bank of St. Charles, Missouri $445,000 n/a 0.2%
AVADIAN $320,000 $430,000 34.4% 0.2%
APCO EMPLOYEES $420,000 n/a 0.2%
Equity Prime Mortgage LLC $395,000 n/a 0.2%
First South Farm Credit, ACA $395,000 n/a 0.2%
ACADEMY MORTGAGE CORPORATION $385,000 n/a 0.2%
Discover Bank $55,000 $385,000 600.0% 0.2%
PNC Bank $815,000 $380,000 -53.4% 0.2%
EMBRACE HOME LOANS, INC. $505,000 $375,000 -25.7% 0.2%
PeoplesSouth Bank $410,000 $375,000 -8.5% 0.2%
RESOURCE FINANCIAL SERVICES, INC. $375,000 n/a 0.2%
Bank of America $365,000 n/a 0.1%
Keystone Funding, Inc. $365,000 n/a 0.1%
ZILLOW HOME LOANS, LLC $305,000 $360,000 18.0% 0.1%
Nations Lending Corporation $6,515,000 $355,000 -94.6% 0.1%
Northpointe Bank $1,590,000 $355,000 -77.7% 0.1%
GARDNER FINANCIAL SERVICES, LTD. $345,000 n/a 0.1%
University Bank $335,000 n/a 0.1%
U.S. Bank $320,000 $335,000 4.7% 0.1%
Magnolia Bank $325,000 n/a 0.1%
TRIAD FINANCIAL SERVICES, INC. $840,000 $325,000 -61.3% 0.1%
AMERISAVE MORTGAGE CORPORATION $1,715,000 $310,000 -81.9% 0.1%
Figure Lending LLC $70,000 $300,000 328.6% 0.1%
BARTLETT MORTGAGE, INC. $295,000 n/a 0.1%
BNC National Bank $1,400,000 $295,000 -78.9% 0.1%
LENDINGONE, LLC $165,000 $290,000 75.8% 0.1%
City National Bank $260,000 n/a 0.1%
FirstBank $580,000 $250,000 -56.9% 0.1%
South State Bank $125,000 $250,000 100.0% 0.1%
ACOPIA, LLC $245,000 n/a 0.1%
Mid-Continent Funding, Inc. $355,000 $245,000 -31.0% 0.1%
RELIANCE FIRST CAPITAL, LLC $185,000 $245,000 32.4% 0.1%
Bank of Bartlett $230,000 n/a 0.1%
CARDINAL FINANCIAL $430,000 $225,000 -47.7% 0.1%
AMERICAN FINANCIAL NETWORK, INC. $215,000 n/a 0.1%
First United Bank and Trust Company $215,000 n/a 0.1%
DOMINION FINANCIAL SERVICES, LLC $200,000 n/a 0.1%
First Savings Bank $195,000 n/a 0.1%
Ixonia Bank $515,000 $195,000 -62.1% 0.1%
HOMEBRIDGE FINANCIAL SERVICES, INC. $360,000 $185,000 -48.6% 0.1%
FAIRWINDS CREDIT UNION $175,000 n/a 0.1%
M&T Bank $175,000 n/a 0.1%
STOCKTON MORTGAGE CORPORATION $175,000 n/a 0.1%
PLANET HOME LENDING, LLC $165,000 n/a 0.1%
SPRING EQ, LLC $155,000 $165,000 6.5% 0.1%
VILLAGE CAPITAL MORTGAGE $1,255,000 $165,000 -86.9% 0.1%
ALAMEDA MORTGAGE CORPORATION $155,000 n/a 0.1%
Servion, Inc. $155,000 n/a 0.1%
SOUTHWEST STAGE FUNDING, LLC $550,000 $155,000 -71.8% 0.1%
AMERICAN FINANCIAL RESOURCES, INC. $150,000 n/a 0.1%
PHH Mortgage Corporation $115,000 $135,000 17.4% 0.1%
Stifel Bank and Trust $135,000 n/a 0.1%
Citizens Bank $250,000 $130,000 -48.0% 0.1%
LIMA ONE CAPITAL, LLC $125,000 n/a 0.1%
MILEND, INC. $125,000 n/a 0.1%
Secured Investment Corp. $105,000 $125,000 19.0% 0.1%
SILVER HILL FUNDING, LLC $125,000 n/a 0.1%
AMWEST FUNDING CORP. $115,000 n/a 0.0%
AUBURN UNIVERSITY CREDIT UNION $115,000 n/a 0.0%
Alcova Mortgage LLC $105,000 n/a 0.0%
Bank of England $745,000 $105,000 -85.9% 0.0%
DEEPHAVEN MORTGAGE LLC $105,000 n/a 0.0%
TOP FLITE FINANCIAL, INC. $85,000 n/a 0.0%
BAYSHORE MORTGAGE FUNDING, LLC $75,000 n/a 0.0%
Coastal Community Bank $75,000 n/a 0.0%
ATLANTA POSTAL $65,000 n/a 0.0%
MUTUAL OF OMAHA MORTGAGE, INC. $510,000 $55,000 -89.2% 0.0%
Service Federal Credit Union $55,000 n/a 0.0%
BancorpSouth $195,000 $45,000 -76.9% 0.0%
Pen Air Federal Credit Union $45,000 n/a 0.0%

Enterprise's top lender by overall market share is Mortgage Research Center, LLC, with 17.4% market share. In second place, with 7.9%, is ENVOY MORTGAGE, LTD, having originated $19,485,000 in loans. In third place, with 5.7%, is FAIRWAY INDEPENDENT MORTGAGE CORPORATION, having originated $13,935,000 in loans. In fourth place, with 5.6%, is MOVEMENT MORTGAGE, LLC, having originated $13,680,000 in loans. In fifth place, with 5.4%, is ALL IN, having originated $13,250,000 in loans.


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

Realtor.com - Enterprise (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 $168,538 (8.0%) $185,289 (0.0%) 0.00 358
2018-02-01 $166,600 (2.9%) $184,865 (-0.5%) 0.00 369
2018-03-01 $172,500 (7.3%) $190,699 (4.0%) 0.00 384
2018-04-01 $171,125 (4.4%) $188,553 (0.3%) 0.00 405
2018-05-01 $170,000 (0.0%) $196,259 (1.9%) 0.00 476
2018-06-01 $168,850 (-1.0%) $192,319 (1.3%) 0.00 412
2018-07-01 $169,825 (-3.0%) $193,499 (1.5%) 0.00 408
2018-08-01 $174,819 (1.7%) $193,554 (2.6%) 0.00 410
2018-09-01 $179,900 (6.0%) $198,572 (6.5%) 0.00 391
2018-10-01 $178,500 (6.0%) $200,473 (8.1%) 0.00 372
2018-11-01 $179,325 (6.1%) $202,467 (8.6%) 0.00 361
2018-12-01 $178,500 (8.3%) $200,826 (9.0%) 0.00 365
2019-01-01 $179,000 (6.2%) $200,373 (8.1%) 0.00 346
2019-02-01 $178,375 (7.1%) $200,006 (8.2%) 0.00 348
2019-03-01 $177,286 (2.8%) $203,782 (6.9%) 0.00 338
2019-04-01 $176,611 (3.2%) $211,393 (12.1%) 0.00 334
2019-05-01 $178,500 (5.0%) $213,349 (8.7%) 0.00 327
2019-06-01 $174,950 (3.6%) $214,771 (11.7%) 0.00 314
2019-07-01 $178,900 (5.3%) $217,089 (12.2%) 0.00 314
2019-08-01 $180,745 (3.4%) $217,068 (12.2%) 0.00 288
2019-09-01 $182,014 (1.2%) $216,902 (9.2%) 0.00 269
2019-10-01 $182,859 (2.4%) $217,802 (8.6%) 0.00 256
2019-11-01 $178,500 (-0.5%) $212,218 (4.8%) 0.00 252
2019-12-01 $178,500 (0.0%) $212,366 (5.8%) 0.00 239
2020-01-01 $179,700 (0.4%) $212,619 (6.1%) 0.00 221
2020-02-01 $174,950 (-1.9%) $204,985 (2.5%) 0.00 223
2020-03-01 $170,575 (-3.8%) $207,820 (2.0%) 0.00 219
2020-04-01 $179,200 (1.5%) $213,285 (0.9%) 0.00 208
2020-05-01 $187,500 (5.0%) $222,647 (4.4%) 0.00 197
2020-06-01 $203,750 (16.5%) $236,169 (10.0%) 0.00 172
2020-07-01 $198,250 (10.8%) $237,274 (9.3%) 0.00 151
2020-08-01 $199,975 (10.6%) $250,653 (15.5%) 0.00 142
2020-09-01 $214,725 (18.0%) $265,396 (22.4%) 0.00 119
2020-10-01 $213,250 (16.6%) $231,582 (6.3%) 0.00 136
2020-11-01 $197,450 (10.6%) $220,730 (4.0%) 0.00 150
2020-12-01 $207,375 (16.2%) $230,011 (8.3%) 0.00 151
2021-01-01 $206,500 (14.9%) $226,841 (6.7%) 0.00 137
2021-02-01 $195,825 (11.9%) $224,562 (9.6%) 0.00 125
2021-03-01 $192,475 (12.8%) $238,467 (14.8%) 0.00 103
2021-04-01 $181,000 (1.0%) $231,377 (8.5%) 0.00 95
2021-05-01 $199,750 (6.5%) $250,639 (12.6%) 0.00 87
2021-06-01 $223,625 (9.8%) $257,537 (9.1%) 0.00 97
2021-07-01 $215,000 (8.5%) $256,173 (8.0%) 0.00 109
2021-08-01 $202,450 (1.2%) $250,047 (-0.2%) 0.00 114
2021-09-01 $195,920 (-8.8%) $243,240 (-8.4%) 0.00 104
2021-10-01 $195,000 (-8.6%) $227,229 (-1.9%) 0.00 109
2021-11-01 $193,724 (-1.9%) $225,961 (2.4%) 0.00 98
2021-12-01 $193,724 (-6.6%) $228,539 (-0.6%) 0.00 87
2022-01-01 $195,000 (-5.6%) $221,393 (-2.4%) 0.00 77
2022-02-01 $199,000 (1.6%) $239,647 (6.7%) 0.00 63
2022-03-01 $190,500 (-1.0%) $231,104 (-3.1%) 0.00 60
2022-04-01 $218,750 (20.9%) $254,411 (10.0%) 0.00 57
2022-05-01 $246,825 (23.6%) $280,397 (11.9%) 0.00 64
2022-06-01 $292,200 (30.7%) $307,400 (19.4%) 0.00 82
2022-07-01 $327,950 (52.5%) $326,524 (27.5%) 0.00 92
2022-08-01 $335,750 (65.8%) $319,930 (28.0%) 0.00 94
2022-09-01 $343,500 (75.3%) $321,379 (32.1%) 0.00 100
2022-10-01 $347,000 (78.0%) $326,703 (43.8%) 0.00 106
2022-11-01 $336,500 (73.7%) $326,892 (44.7%) 0.00 108
2022-12-01 $336,000 (73.4%) $335,788 (46.9%) 0.00 107
2023-01-01 $345,000 (76.9%) $326,613 (47.5%) 0.00 96
2023-02-01 $347,000 (74.4%) $324,126 (35.3%) 0.00 93
2023-03-01 $353,725 (85.7%) $337,669 (46.1%) 0.00 106
2023-04-01 $359,000 (64.1%) $342,234 (34.5%) 0.00 113
2023-05-01 $359,000 (45.5%) $344,300 (22.8%) 0.00 95
2023-06-01 $359,425 (23.0%) $339,704 (10.5%) 0.00 106
2023-07-01 $365,000 (11.3%) $336,313 (3.0%) 0.00 113
2023-08-01 $356,450 (6.2%) $336,056 (5.0%) 0.00 124
2023-09-01 $328,000 (-4.5%) $322,351 (0.3%) 0.00 136
2023-10-01 $322,225 (-7.1%) $322,110 (-1.4%) 0.00 148
2023-11-01 $315,625 (-6.2%) $323,740 (-1.0%) 0.00 147
2023-12-01 $273,500 (-18.6%) $303,343 (-9.7%) 0.00 145
2024-01-01 $275,000 (-20.3%) $304,701 (-6.7%) 0.00 136
2024-02-01 $281,225 (-19.0%) $305,615 (-5.7%) 0.00 140
2024-03-01 $259,900 (-26.5%) $300,506 (-11.0%) 0.00 146
2024-04-01 $298,750 (-16.8%) $312,294 (-8.8%) 0.00 133
2024-05-01 $336,000 (-6.4%) $346,629 (0.7%) 0.00 134
Enterprise's median listing price for 2024-05-01 was $336,000, a difference of $-23,000 (-6.4%) versus the prior year and $37,250 versus the prior month.

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

Enterprise's average listing price for 2024-05-01 was $346,629, a difference of $2,329 (0.7%) versus the prior year and $34,335 versus the prior month.

For the 2024-05-01 period, Enterprise had 134 MLS listings, a difference of 1 listings (1%) versus the prior month and 39 listings (41%) versus the prior year.

Median Listing Time on Market & Square Footage

Realtor.com - Enterprise (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Time on Market Median Square Footage
2018-01-01 0 days 1,998 sqft
2018-02-01 0 days 1,947 sqft
2018-03-01 0 days 1,949 sqft
2018-04-01 0 days 1,960 sqft
2018-05-01 0 days 1,961 sqft
2018-06-01 0 days 1,956 sqft
2018-07-01 0 days 1,966 sqft
2018-08-01 0 days 2,011 sqft
2018-09-01 0 days 1,988 sqft
2018-10-01 0 days 2,001 sqft
2018-11-01 0 days 2,010 sqft
2018-12-01 0 days 1,968 sqft
2019-01-01 0 days 1,958 sqft
2019-02-01 0 days 1,924 sqft
2019-03-01 0 days 1,937 sqft
2019-04-01 0 days 1,966 sqft
2019-05-01 0 days 1,960 sqft
2019-06-01 0 days 1,947 sqft
2019-07-01 0 days 2,020 sqft
2019-08-01 0 days 2,012 sqft
2019-09-01 0 days 2,002 sqft
2019-10-01 0 days 1,998 sqft
2019-11-01 0 days 1,980 sqft
2019-12-01 0 days 1,974 sqft
2020-01-01 0 days 1,931 sqft
2020-02-01 0 days 1,895 sqft
2020-03-01 0 days 1,986 sqft
2020-04-01 0 days 2,043 sqft
2020-05-01 0 days 2,074 sqft
2020-06-01 0 days 2,136 sqft
2020-07-01 0 days 2,094 sqft
2020-08-01 0 days 2,131 sqft
2020-09-01 0 days 2,092 sqft
2020-10-01 0 days 2,017 sqft
2020-11-01 0 days 2,028 sqft
2020-12-01 0 days 2,049 sqft
2021-01-01 0 days 1,988 sqft
2021-02-01 0 days 1,970 sqft
2021-03-01 0 days 2,000 sqft
2021-04-01 0 days 1,945 sqft
2021-05-01 0 days 1,926 sqft
2021-06-01 0 days 1,981 sqft
2021-07-01 0 days 2,000 sqft
2021-08-01 0 days 2,027 sqft
2021-09-01 0 days 1,951 sqft
2021-10-01 0 days 1,996 sqft
2021-11-01 0 days 1,992 sqft
2021-12-01 0 days 1,912 sqft
2022-01-01 0 days 1,903 sqft
2022-02-01 0 days 1,932 sqft
2022-03-01 0 days 1,751 sqft
2022-04-01 0 days 1,958 sqft
2022-05-01 0 days 2,040 sqft
2022-06-01 0 days 2,219 sqft
2022-07-01 0 days 2,259 sqft
2022-08-01 0 days 2,257 sqft
2022-09-01 0 days 2,234 sqft
2022-10-01 0 days 2,297 sqft
2022-11-01 0 days 2,280 sqft
2022-12-01 0 days 2,260 sqft
2023-01-01 0 days 2,250 sqft
2023-02-01 0 days 2,221 sqft
2023-03-01 0 days 2,223 sqft
2023-04-01 0 days 2,240 sqft
2023-05-01 0 days 2,250 sqft
2023-06-01 0 days 2,293 sqft
2023-07-01 0 days 2,281 sqft
2023-08-01 0 days 2,288 sqft
2023-09-01 0 days 2,114 sqft
2023-10-01 0 days 2,110 sqft
2023-11-01 0 days 2,116 sqft
2023-12-01 0 days 2,105 sqft
2024-01-01 0 days 2,110 sqft
2024-02-01 0 days 2,110 sqft
2024-03-01 0 days 2,063 sqft
2024-04-01 0 days 2,114 sqft
2024-05-01 0 days 2,226 sqft
Enterprise's median listing age (time on market) for 2024-05-01 was 0 days.

Enterprise's median square footage for active listings during the 2024-05-01 period was 2,226 sqft. One year prior, the average listing was 2,250 sqft.

Enterprise, AL Market Loan Reason

Loan Purpose Originations Total Value Average Loan
Home Purchase 825 $198,835,000 $241,012
Other 120 $8,180,000 $68,167
Cash Out Refi 108 $20,460,000 $189,444
Home Improvement 89 $6,125,000 $68,820
Refi 65 $12,625,000 $194,231

Enterprise's most frequently cited loan purpose was Home Purchase, with 825 originations. The 2nd most popular reason was Other, with 120 originations.

Interest Rate Frequencies

Loan Rate Originations Total Value Average Loan
6-7% 434 $107,630,000 $247,995
Over 8% 266 $25,030,000 $94,098
7-8% 266 $52,400,000 $196,992
5-6% 182 $50,180,000 $275,714
4-5% 19 $5,005,000 $263,421
<2.5% 8 $1,100,000 $137,500
3-4% 8 $1,080,000 $135,000
2.5-3% 4 $1,170,000 $292,500

During 2023, Enterprise's most frequently originated rate bucket was 6-7%, with 434 originations.

Loan Sizing (Enterprise, AL MSA)

Loan Size Originations Total Value Average Loan
$200k-400k 410 $116,760,000 $284,780
$100k-200k 357 $52,055,000 $145,812
$100,000 or less 327 $19,635,000 $60,046
$400k-600k 98 $45,400,000 $463,265
$600k-1000k 12 $8,090,000 $674,167
$Over $1MM 3 $4,285,000 $1,428,333

Enterprise's loan sizing saw the bucket of loans from $200k-400k with 410 originations, totaling $116,760,000 in origination value.

LTV Distribution

Loan to Value Originations Total Value Average Loan
80-100% 622 $158,450,000 $254,743
60-80% 185 $33,335,000 $180,189
20-40% 113 $8,845,000 $78,274
Under 20% 107 $4,555,000 $42,570
Over 100% 82 $25,770,000 $314,268
40-60% 69 $10,895,000 $157,899

Enterprise's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 622 originations, totaling $158,450,000 in origination value.