Enterprise 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 Enterprise averaged 6.82% for the week of 2024-11-14, compared to the national average of 6.78% for the same period.

    The average rate for the prior week (2024-11-07) was 6.93% and one month ago for the week of 2024-10-10, the average rate was 6.56%.

    Enterprise's average rate one year ago was 7.54%.

    For refis of the same type during the week of 2024-11-14, the average rate was 6.98%.

    Loan Type Date Rate
    US 30 Year Fixed Rate 2024-11-14 6.78%
    Enterprise 30 Year Fixed Rate 2024-11-14 6.82%
    Enterprise 30 Year Fixed Rate Refi 2024-11-14 6.98%
    Enterprise 15 Year Fixed Rate 2024-11-14 5.99%
    Enterprise 15 Year Fixed Rate Refi 2024-11-14 6.09%
    Enterprise 30 Year FHA 2024-11-14 0.09%
    Enterprise 30 Year FHA Refi 2024-11-14 0%
    Enterprise 30 Year USDA 2024-11-14 0.1%
    Enterprise 30 Year USDA Refi 2024-11-14 -0.1%
    Enterprise 30 Year VA 2024-11-14 0.17%
    Enterprise 30 Year VA Refi 2024-11-14 0.2%
    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
    2024-06-01 $313,453 (-12.8%) $331,926 (-2.3%) 0.00 153
    2024-07-01 $279,500 (-23.4%) $312,208 (-7.2%) 0.00 174
    2024-08-01 $265,000 (-25.7%) $309,052 (-8.0%) 0.00 177
    2024-09-01 $280,600 (-14.5%) $301,239 (-6.6%) 0.00 204
    2024-10-01 $274,375 (-14.9%) $305,515 (-5.2%) 0.00 202
    Enterprise's median listing price for 2024-10-01 was $274,375, a difference of $-47,850 (-14.9%) versus the prior year and $-6,225 versus the prior month.

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

    Enterprise's average listing price for 2024-10-01 was $305,515, a difference of $-16,595 (-5.2%) versus the prior year and $4,276 versus the prior month.

    For the 2024-10-01 period, Enterprise had 202 MLS listings, a difference of -2 listings (-1%) versus the prior month and 54 listings (36%) 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
    2024-06-01 0 days 2,192 sqft
    2024-07-01 0 days 2,081 sqft
    2024-08-01 0 days 2,075 sqft
    2024-09-01 0 days 2,100 sqft
    2024-10-01 0 days 2,096 sqft
    Enterprise's median listing age (time on market) for 2024-10-01 was 0 days.

    Enterprise's median square footage for active listings during the 2024-10-01 period was 2,096 sqft. One year prior, the average listing was 2,110 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.