Farmington Mortgage Rates & Closing Costs

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

30 Year Fixed Rate mortgages in Farmington averaged 6.63% for the week of 2024-02-22, compared to the national average of 6.9% for the same period.

The average rate for the prior week (2024-02-15) was 6.7% and one month ago for the week of 2024-01-18, the average rate was 6.33%.

Farmington's average rate one year ago was 6.28%.

For refis of the same type during the week of 2024-02-22, the average rate was 5.77%.

Loan Type Date Rate
US 30 Year Fixed Rate 2024-02-22 6.9%
Farmington 30 Year Fixed Rate 2024-02-22 6.63%
Farmington 30 Year Fixed Rate Refi 2024-02-22 5.77%
Farmington 15 Year Fixed Rate 2024-02-22 6.39%
Farmington 15 Year Fixed Rate Refi 2024-02-22 6.59%
Farmington 30 Year FHA 2024-02-22 -0.07%
Farmington 30 Year FHA Refi 2024-02-22 -0.2%
Farmington 30 Year USDA 2024-02-22 -0.22%
Farmington 30 Year USDA Refi 2024-02-22 0.1%
Farmington 30 Year VA 2024-02-22 -0.14%
Farmington 30 Year VA Refi 2024-02-22 0.2%
Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations within Farmington, MO.

Farmington 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 Farmington, MO 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
First State Community Bank 124 4.82% $2,564
Ozarks Federal Savings and Loan Association 65 4.10% $2,065
GUILD MORTGAGE COMPANY 57 5.39% $4,502
QUICKEN LOANS, LLC 24 4.79% $5,974
LOANDEPOT.COM, LLC 12 4.62% $3,878
DAS Acquisition Company, LLC 12 4.80% $4,561
UNITED WHOLESALE MORTGAGE, LLC 11 5.05% $4,235
U.S. Bank 11 5.16% $4,029
FLAT BRANCH MORTGAGE, INC. 8 5.61% $4,169
GERSHMAN INVESTMENT CORP. 7 6.11% $3,726
HOMESTAR FINANCIAL CORPORATION 6 5.10% $2,507
JPMorgan Chase Bank 6 5.22% $3,106
JLB CORPORATION 5 4.00% $4,136
FREEDOM MORTGAGE CORPORATION 5 4.75% $4,341
PENNYMAC LOAN SERVICES, LLC 5 5.57% $4,888
Wells Fargo Bank 5 5.15% $4,452
AMERISAVE MORTGAGE CORPORATION 4 4.34% $5,235
Bank of America 4 5.53% $3,023
BROKER SOLUTIONS, INC. 4 5.87% $5,204
Flagstar Bank, FSB 3 5.24% $3,378
Magnolia Bank 3 4.58% $2,733
FIRST COMMUNITY 3 4.83% $0
The Home Loan Expert LLC 3 4.96% $3,926
CALIBER HOME LOANS, INC. 3 5.08% $4,035
SCOTT CREDIT UNION 2 3.81% $2,721
Stifel Bank and Trust 2 3.56% $1,681
NEWREZ LLC 2 4.75% $5,574
Mr. Cooper ( Nationstar Mortgage ) 2 5.25% $4,596
LAKEVIEW LOAN SERVICING, LLC 2 5.13% $4,622
F&B Acquisition Group LLC 2 6.44% $7,381
TOGETHER CREDIT UNION 2 5.41% $2,772
CONSUMERS COOPERATIVE CREDIT UNION 2 4.44% $2,369
FAMILY FINANCE MORTGAGE, LLC 2 5.13% $3,467
Carrington Mortgage Services, LLC 2 6.00% $6,173
CARDINAL FINANCIAL 2 4.94% $7,455
ENDEAVOR CAPITAL, LLC. 2 4.19% $4,280
Citizens Bank 2 4.87% $5,061
Regions Bank 2 5.69% $3,002
ACCESS CAPITAL FUNDING, L.L.C. 1 3.75% $1,333
Wood & Huston Bank 1 5.49% $2,582
AMERICAN FINANCING CORPORATION 1 3.75% $3,030
AMERICAN HOME LENDING USA, LLC 1 5.99% $13,565
AMERICAN PACIFIC MORTGAGE CORPORATION 1 4.88% $12,475
Associated Bank 1 7.25% $6,317
Axos Bank 1 3.25% $2,079
BETTER MORTGAGE CORPORATION 1 5.25% $3,129
Carrollton Bank 1 6.00% $2,345
Chicago Mortgage Solutions LLC 1 3.37% $1,613
Commerce Bank 1 3.50% $3,129
CRESCENT MORTGAGE COMPANY 1 4.99% $6,045
DELMAR FINANCIAL COMPANY 1 4.50% $3,849
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 1 3.38% $2,828
First Bank 1 5.75% $3,094
FIRST INTEGRITY MORTGAGE SERVICES, INC. 1 6.63% $7,744
First State Bank of St. Charles, Missouri 1 5.88% $3,501
Goldwater Bank, N.A. 1 6.63% $1,989
Great Southern Bank 1 6.50% $2,512
GUARANTEED RATE AFFINITY, LLC 1 6.25% $3,037
GUARANTEED RATE, INC. 1 5.99% $6,027
HOME POINT FINANCIAL CORPORATION 1 6.88% $5,900
LEADERONE FINANCIAL CORPORATION 1 7.00% $4,422
MICHIGAN MUTUAL, INC. 1 4.99% $2,997
Midwest BankCentre 1 6.25% $2,063
MORTGAGE SOLUTIONS LLC 1 5.25% $4,044
NAVY FEDERAL CREDIT UNION 1 4.38% $2,360
NBKC BANK 1 3.75% $1,928
North American Savings Bank, F.S.B. 1 3.88% $1,912
PANORAMA MORTGAGE GROUP, LLC 1 3.75% $4,157
PNC Bank 1 5.50% $4,393
PRIMELENDING, A PLAINSCAPITAL COMPANY 1 4.50% $3,906
PROVIDENT FUNDING ASSOCIATES, L.P. 1 6.25% $3,439
The Bank of Missouri 1 7.07% $2,985
The Central Trust Bank 1 3.75% $1,874
The Huntington National Bank 1 4.00% $7,828
United Bank of Union 1 5.25% $2,587
U S WIDE FINANCIAL LLC 1 3.88% $2,289
WEST COMMUNITY 1 5.00% $4,242

Farmington Average Closing Costs & Other Stats

Farmington, MO's 77 lenders originated 1,503 loans during 2022. The total origination value was $264,165,000, with an average loan value of $175,758.

Farmington's average closing costs are $3,968.

The top Farmington lender as defined by loan originations is First State Community Bank, with 124 loans originated. Their average total fees are $2,564, which is $500 higher than the next largest lender, Ozarks Federal Savings and Loan Association.

The lowest fee Farmington lenders (with over 10 loans originated) are Ozarks Federal Savings and Loan Association ($2,065), First State Community Bank ($2,564), LOANDEPOT.COM, LLC ($3,878), U.S. Bank ($4,029) and UNITED WHOLESALE MORTGAGE, LLC ($4,235).

The lowest rate Farmington lenders (with over 10 loans originated) are Ozarks Federal Savings and Loan Association (4.10%), LOANDEPOT.COM, LLC (4.62%), QUICKEN LOANS, LLC (4.79%), DAS Acquisition Company, LLC (4.80%) and First State Community Bank (4.82%).

Farmington, MO 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
GUILD MORTGAGE COMPANY $83,730,000 $49,080,000 -41.4% 18.6%
First State Community Bank $72,815,000 $46,440,000 -36.2% 17.6%
Ozarks Federal Savings and Loan Association $34,960,000 $19,935,000 -43.0% 7.5%
QUICKEN LOANS, LLC $32,580,000 $13,135,000 -59.7% 5.0%
Peoples National Bank , N.A. $2,465,000 $9,680,000 292.7% 3.7%
Unico Bank $17,005,000 $8,680,000 -49.0% 3.3%
First Midwest Bank of Dexter $7,335,000 n/a 2.8%
U.S. Bank $11,930,000 $6,475,000 -45.7% 2.5%
UNITED WHOLESALE MORTGAGE, LLC $7,635,000 $5,625,000 -26.3% 2.1%
FLAT BRANCH MORTGAGE, INC. $4,170,000 $5,495,000 31.8% 2.1%
DAS Acquisition Company, LLC $8,395,000 $5,135,000 -38.8% 1.9%
LOANDEPOT.COM, LLC $4,190,000 $5,040,000 20.3% 1.9%
Mortgage Research Center, LLC $4,415,000 $4,875,000 10.4% 1.8%
Farmers and Merchants Bank of St. Clair $4,645,000 n/a 1.8%
GERSHMAN INVESTMENT CORP. $6,360,000 $4,080,000 -35.8% 1.5%
HOMESTAR FINANCIAL CORPORATION $3,650,000 $3,930,000 7.7% 1.5%
PENNYMAC LOAN SERVICES, LLC $6,140,000 $3,215,000 -47.6% 1.2%
American Bank of Missouri $2,770,000 n/a 1.0%
The Central Trust Bank $155,000 $2,680,000 1,629.0% 1.0%
FREEDOM MORTGAGE CORPORATION $5,855,000 $2,325,000 -60.3% 0.9%
BROKER SOLUTIONS, INC. $5,055,000 $2,195,000 -56.6% 0.8%
NEWREZ LLC $1,165,000 $2,125,000 82.4% 0.8%
AMERISAVE MORTGAGE CORPORATION $2,870,000 $1,790,000 -37.6% 0.7%
Bloomsdale Bank $1,675,000 $1,770,000 5.7% 0.7%
Bank of America $1,365,000 $1,590,000 16.5% 0.6%
FAMILY FINANCE MORTGAGE, LLC $2,335,000 $1,495,000 -36.0% 0.6%
JLB CORPORATION $3,455,000 $1,315,000 -61.9% 0.5%
NAVY FEDERAL CREDIT UNION $1,295,000 $1,290,000 -0.4% 0.5%
GUARANTEED RATE, INC. $1,420,000 $1,160,000 -18.3% 0.4%
The Home Loan Expert LLC $1,700,000 $1,150,000 -32.4% 0.4%
Mr. Cooper ( Nationstar Mortgage ) $1,890,000 $1,145,000 -39.4% 0.4%
NEW DAY FINANCIAL, LLC $1,225,000 $1,065,000 -13.1% 0.4%
Regions Bank $460,000 $1,040,000 126.1% 0.4%
JPMorgan Chase Bank $1,435,000 $975,000 -32.1% 0.4%
Magnolia Bank $5,340,000 $920,000 -82.8% 0.3%
Wells Fargo Bank $3,460,000 $905,000 -73.8% 0.3%
F&B Acquisition Group LLC $210,000 $895,000 326.2% 0.3%
FIRST COMMUNITY $1,110,000 $805,000 -27.5% 0.3%
The Federal Savings Bank $885,000 $785,000 -11.3% 0.3%
PNC Bank $215,000 $750,000 248.8% 0.3%
21ST MORTGAGE CORPORATION $270,000 $735,000 172.2% 0.3%
CALIBER HOME LOANS, INC. $2,495,000 $735,000 -70.5% 0.3%
ENDEAVOR CAPITAL, LLC. $3,015,000 $710,000 -76.5% 0.3%
TOGETHER CREDIT UNION $1,905,000 $695,000 -63.5% 0.3%
LAKEVIEW LOAN SERVICING, LLC $735,000 $685,000 -6.8% 0.3%
USAA Federal Savings Bank $2,175,000 $675,000 -69.0% 0.3%
HOMESIDE FINANCIAL, LLC $125,000 $655,000 424.0% 0.2%
SCOTT CREDIT UNION $95,000 $625,000 557.9% 0.2%
Stifel Bank and Trust $1,595,000 $620,000 -61.1% 0.2%
Flagstar Bank, FSB $1,100,000 $585,000 -46.8% 0.2%
CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP $470,000 $575,000 22.3% 0.2%
Carrington Mortgage Services, LLC $1,305,000 $560,000 -57.1% 0.2%
Citizens Bank $600,000 $560,000 -6.7% 0.2%
GUARANTEED RATE AFFINITY, LLC $540,000 $555,000 2.8% 0.2%
Heritage Community Bank $155,000 $535,000 245.2% 0.2%
North American Savings Bank, F.S.B. $520,000 n/a 0.2%
River Region Credit Union $500,000 n/a 0.2%
AMERICAN PACIFIC MORTGAGE CORPORATION $165,000 $490,000 197.0% 0.2%
Equity Prime Mortgage LLC $205,000 $485,000 136.6% 0.2%
Commerce Bank $1,080,000 $480,000 -55.6% 0.2%
PLANET HOME LENDING, LLC $480,000 n/a 0.2%
Flanagan State Bank $65,000 $445,000 584.6% 0.2%
FAIRWAY INDEPENDENT MORTGAGE CORPORATION $1,750,000 $415,000 -76.3% 0.2%
Wyndham Capital Mortgage, Inc. $405,000 n/a 0.2%
HOME POINT FINANCIAL CORPORATION $2,260,000 $400,000 -82.3% 0.2%
NBKC BANK $740,000 $400,000 -45.9% 0.2%
ACCESS CAPITAL FUNDING, L.L.C. $155,000 $380,000 145.2% 0.1%
PRIMELENDING, A PLAINSCAPITAL COMPANY $790,000 $380,000 -51.9% 0.1%
MORTGAGE SOLUTIONS LLC $1,545,000 $375,000 -75.7% 0.1%
VANTAGE Credit Union $35,000 $365,000 942.9% 0.1%
The Huntington National Bank $355,000 n/a 0.1%
Nations Lending Corporation $275,000 $350,000 27.3% 0.1%
PENTAGON FEDERAL CREDIT UNION $165,000 $340,000 106.1% 0.1%
AMERICAN PORTFOLIO MORTGAGE CORPORATION $335,000 n/a 0.1%
DELMAR FINANCIAL COMPANY $935,000 $335,000 -64.2% 0.1%
Amerifirst Financial, Inc. $310,000 n/a 0.1%
WEST COMMUNITY $290,000 n/a 0.1%
CRESCENT MORTGAGE COMPANY $285,000 n/a 0.1%
Northpointe Bank $285,000 n/a 0.1%
GENEVA FINANCIAL, LLC $275,000 n/a 0.1%
U S WIDE FINANCIAL LLC $275,000 n/a 0.1%
AMERICAN HOME LENDING USA, LLC $265,000 n/a 0.1%
PROVIDENT FUNDING ASSOCIATES, L.P. $265,000 n/a 0.1%
AMERICAN FINANCING CORPORATION $400,000 $260,000 -35.0% 0.1%
Wood & Huston Bank $255,000 n/a 0.1%
CHERRY CREEK MORTGAGE, LLC $235,000 n/a 0.1%
COMMUNITYAMERICA $235,000 $235,000 0.0% 0.1%
FINANCE OF AMERICA REVERSE LLC $230,000 n/a 0.1%
M&T Bank $310,000 $230,000 -25.8% 0.1%
Associated Bank $225,000 n/a 0.1%
Arvest Bank $220,000 n/a 0.1%
BETTER MORTGAGE CORPORATION $470,000 $220,000 -53.2% 0.1%
United Bank of Union $630,000 $220,000 -65.1% 0.1%
First State Bank of St. Charles, Missouri $1,350,000 $215,000 -84.1% 0.1%
LOANPAL, LLC $215,000 n/a 0.1%
West Town Bank & Trust $215,000 n/a 0.1%
ZILLOW HOME LOANS, LLC $665,000 $215,000 -67.7% 0.1%
Peoples Community Bank $80,000 $210,000 162.5% 0.1%
Colonial Savings, F.A. $205,000 n/a 0.1%
First Bank $2,310,000 $205,000 -91.1% 0.1%
Carrollton Bank $915,000 $190,000 -79.2% 0.1%
CONSUMERS COOPERATIVE CREDIT UNION $190,000 n/a 0.1%
The Bank of Missouri $515,000 $185,000 -64.1% 0.1%
FIRST INTEGRITY MORTGAGE SERVICES, INC. $570,000 $175,000 -69.3% 0.1%
FRONTIER FINANCIAL, INC. $395,000 $175,000 -55.7% 0.1%
MICHIGAN MUTUAL, INC. $175,000 n/a 0.1%
Midwest BankCentre $905,000 $170,000 -81.2% 0.1%
Chicago Mortgage Solutions LLC $165,000 n/a 0.1%
Plains Commerce Bank $295,000 $165,000 -44.1% 0.1%
Alliance Bank $155,000 n/a 0.1%
COMMERCIAL TRUST COMPANY OF FAYETTE $155,000 n/a 0.1%
EMBRACE HOME LOANS, INC. $155,000 n/a 0.1%
EVERETT FINANCIAL, INC. $155,000 n/a 0.1%
TOP FLITE FINANCIAL, INC. $155,000 n/a 0.1%
UNION HOME MORTGAGE CORP. $450,000 $155,000 -65.6% 0.1%
Axos Bank $145,000 n/a 0.1%
MORTGAGE SOLUTIONS OF COLORADO, LLC $385,000 $145,000 -62.3% 0.1%
PANORAMA MORTGAGE GROUP, LLC $145,000 n/a 0.1%
Discover Bank $310,000 $140,000 -54.8% 0.1%
FIRST COMMUNITY MORTGAGE, INC. $95,000 $135,000 42.1% 0.1%
LEADERONE FINANCIAL CORPORATION $135,000 n/a 0.1%
LAND HOME FINANCIAL SERVICES, INC. $125,000 n/a 0.0%
AmeriHome Mortgage Company, LLC $165,000 $115,000 -30.3% 0.0%
MUTUAL OF OMAHA MORTGAGE, INC. $135,000 $105,000 -22.2% 0.0%
Great Southern Bank $100,000 n/a 0.0%
VANDERBILT MORTGAGE AND FINANCE, INC. $150,000 $100,000 -33.3% 0.0%
AMERICAN ADVISORS GROUP $95,000 n/a 0.0%
MidFirst Bank $95,000 n/a 0.0%
ELECTRO SAVINGS CREDIT UNION $85,000 $85,000 0.0% 0.0%
Hometown Lenders, Inc. $85,000 n/a 0.0%
VILLAGE CAPITAL MORTGAGE $1,380,000 $85,000 -93.8% 0.0%
Goldwater Bank, N.A. $65,000 n/a 0.0%
MISSOURI Credit Union $65,000 n/a 0.0%
ROYAL UNITED MORTGAGE LLC $325,000 $55,000 -83.1% 0.0%
State Department Federal Credit Union $55,000 n/a 0.0%
Century Credit Union $75,000 $15,000 -80.0% 0.0%
Simmons Bank $325,000 $15,000 -95.4% 0.0%

Farmington's top lender by overall market share is GUILD MORTGAGE COMPANY, with 18.6% market share. In second place, with 17.6%, is First State Community Bank, having originated $46,440,000 in loans. In third place, with 7.5%, is Ozarks Federal Savings and Loan Association, having originated $19,935,000 in loans. In fourth place, with 5.0%, is QUICKEN LOANS, LLC, having originated $13,135,000 in loans. In fifth place, with 3.7%, is Peoples National Bank , N.A., having originated $9,680,000 in loans.


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

Realtor.com - Farmington (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 $131,300 (5.0%) $157,417 (2.6%) 0.00 256
2018-02-01 $134,700 (11.8%) $154,876 (1.9%) 0.00 248
2018-03-01 $135,500 (4.3%) $157,704 (-2.8%) 0.00 249
2018-04-01 $132,675 (2.1%) $159,926 (-0.3%) 0.00 228
2018-05-01 $134,900 (0.0%) $163,735 (-2.3%) 0.00 245
2018-06-01 $137,500 (0.2%) $169,650 (1.8%) 0.00 256
2018-07-01 $142,450 (3.2%) $178,726 (8.5%) 0.00 253
2018-08-01 $153,650 (13.9%) $184,815 (17.0%) 0.00 236
2018-09-01 $159,000 (20.0%) $186,301 (19.6%) 0.00 243
2018-10-01 $153,650 (18.2%) $186,696 (18.6%) 0.00 235
2018-11-01 $149,950 (15.6%) $192,361 (24.7%) 0.00 246
2018-12-01 $149,900 (15.8%) $197,757 (28.0%) 0.00 246
2019-01-01 $146,250 (11.4%) $200,619 (27.4%) 0.00 230
2019-02-01 $142,925 (6.1%) $205,267 (32.5%) 0.00 217
2019-03-01 $148,471 (9.6%) $212,515 (34.8%) 0.00 217
2019-04-01 $153,471 (15.7%) $222,603 (39.2%) 0.00 206
2019-05-01 $148,075 (9.8%) $217,213 (32.7%) 0.00 213
2019-06-01 $164,450 (19.6%) $225,123 (32.7%) 0.00 203
2019-07-01 $162,400 (14.0%) $222,647 (24.6%) 0.00 209
2019-08-01 $159,927 (4.1%) $220,601 (19.4%) 0.00 210
2019-09-01 $159,968 (0.6%) $217,543 (16.8%) 0.00 212
2019-10-01 $159,945 (4.1%) $215,504 (15.4%) 0.00 216
2019-11-01 $149,900 (0.0%) $208,709 (8.5%) 0.00 212
2019-12-01 $140,925 (-6.0%) $200,474 (1.4%) 0.00 214
2020-01-01 $144,400 (-1.3%) $207,719 (3.5%) 0.00 190
2020-02-01 $149,000 (4.3%) $227,105 (10.6%) 0.00 177
2020-03-01 $163,300 (10.0%) $251,231 (18.2%) 0.00 156
2020-04-01 $169,950 (10.7%) $246,866 (10.9%) 0.00 158
2020-05-01 $170,000 (14.8%) $267,815 (23.3%) 0.00 143
2020-06-01 $170,438 (3.6%) $263,047 (16.9%) 0.00 130
2020-07-01 $172,450 (6.2%) $252,074 (13.2%) 0.00 130
2020-08-01 $179,900 (12.5%) $267,915 (21.5%) 0.00 109
2020-09-01 $179,938 (12.5%) $262,190 (20.5%) 0.00 117
2020-10-01 $177,000 (10.7%) $273,415 (26.9%) 0.00 124
2020-11-01 $165,000 (10.1%) $228,407 (9.4%) 0.00 126
2020-12-01 $156,175 (10.8%) $215,440 (7.5%) 0.00 111
2021-01-01 $159,900 (10.7%) $222,200 (7.0%) 0.00 100
2021-02-01 $163,200 (9.5%) $231,441 (1.9%) 0.00 73
2021-03-01 $159,725 (-2.2%) $223,444 (-11.1%) 0.00 72
2021-04-01 $181,200 (6.6%) $258,892 (4.9%) 0.00 66
2021-05-01 $169,000 (-0.6%) $240,262 (-10.3%) 0.00 70
2021-06-01 $151,225 (-11.3%) $222,979 (-15.2%) 0.00 84
2021-07-01 $159,450 (-7.5%) $225,462 (-10.6%) 0.00 105
2021-08-01 $177,450 (-1.4%) $235,609 (-12.1%) 0.00 116
2021-09-01 $179,900 (0.0%) $243,853 (-7.0%) 0.00 115
2021-10-01 $184,950 (4.5%) $256,360 (-6.2%) 0.00 126
2021-11-01 $194,750 (18.0%) $276,393 (21.0%) 0.00 114
2021-12-01 $194,625 (24.6%) $272,713 (26.6%) 0.00 107
2022-01-01 $192,000 (20.1%) $269,679 (21.4%) 0.00 87
2022-02-01 $193,950 (18.8%) $278,884 (20.5%) 0.00 82
2022-03-01 $193,750 (21.3%) $284,584 (27.4%) 0.00 87
2022-04-01 $199,900 (10.3%) $263,669 (1.8%) 0.00 78
2022-05-01 $192,400 (13.9%) $251,958 (4.9%) 0.00 93
2022-06-01 $199,900 (32.2%) $261,662 (17.4%) 0.00 100
2022-07-01 $199,900 (25.4%) $257,820 (14.4%) 0.00 111
2022-08-01 $194,950 (9.9%) $244,954 (4.0%) 0.00 134
2022-09-01 $209,350 (16.4%) $255,534 (4.8%) 0.00 135
2022-10-01 $197,450 (6.8%) $243,814 (-4.9%) 0.00 158
2022-11-01 $207,450 (6.5%) $235,963 (-14.6%) 0.00 177
2022-12-01 $214,900 (10.4%) $240,148 (-11.9%) 0.00 154
2023-01-01 $197,675 (3.0%) $231,800 (-14.1%) 0.00 135
2023-02-01 $207,400 (6.9%) $238,003 (-14.7%) 0.00 121
2023-03-01 $219,900 (13.5%) $248,711 (-12.6%) 0.00 109
2023-04-01 $199,900 (0.0%) $245,053 (-7.1%) 0.00 99
2023-05-01 $223,700 (16.3%) $254,504 (1.0%) 0.00 94
2023-06-01 $226,000 (13.1%) $270,900 (3.5%) 0.00 96
2023-07-01 $232,900 (16.5%) $265,865 (3.1%) 0.00 102
2023-08-01 $217,425 (11.5%) $250,847 (2.4%) 0.00 106
2023-09-01 $219,200 (4.7%) $259,727 (1.6%) 0.00 130
2023-10-01 $224,125 (13.5%) $257,249 (5.5%) 0.00 134
2023-11-01 $219,725 (5.9%) $260,793 (10.5%) 0.00 139
2023-12-01 $229,950 (7.0%) $255,132 (6.2%) 0.00 129
Farmington's median listing price for 2023-12-01 was $229,950, a difference of $15,050 (7.0%) versus the prior year and $10,225 versus the prior month.

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

Farmington's average listing price for 2023-12-01 was $255,132, a difference of $14,984 (6.2%) versus the prior year and $-5,661 versus the prior month.

For the 2023-12-01 period, Farmington had 129 MLS listings, a difference of -10 listings (-7%) versus the prior month and -25 listings (-16%) versus the prior year.

Median Listing Time on Market & Square Footage

Realtor.com - Farmington (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Time on Market Median Square Footage
2018-01-01 0 days 1,423 sqft
2018-02-01 0 days 1,379 sqft
2018-03-01 0 days 1,358 sqft
2018-04-01 0 days 1,359 sqft
2018-05-01 0 days 1,398 sqft
2018-06-01 0 days 1,414 sqft
2018-07-01 0 days 1,433 sqft
2018-08-01 0 days 1,472 sqft
2018-09-01 0 days 1,459 sqft
2018-10-01 0 days 1,437 sqft
2018-11-01 0 days 1,437 sqft
2018-12-01 0 days 1,428 sqft
2019-01-01 0 days 1,418 sqft
2019-02-01 0 days 1,411 sqft
2019-03-01 0 days 1,472 sqft
2019-04-01 0 days 1,534 sqft
2019-05-01 0 days 1,525 sqft
2019-06-01 0 days 1,504 sqft
2019-07-01 0 days 1,487 sqft
2019-08-01 0 days 1,480 sqft
2019-09-01 0 days 1,491 sqft
2019-10-01 0 days 1,499 sqft
2019-11-01 0 days 1,489 sqft
2019-12-01 0 days 1,481 sqft
2020-01-01 0 days 1,484 sqft
2020-02-01 0 days 1,496 sqft
2020-03-01 0 days 1,646 sqft
2020-04-01 0 days 1,688 sqft
2020-05-01 0 days 1,738 sqft
2020-06-01 0 days 1,710 sqft
2020-07-01 0 days 1,631 sqft
2020-08-01 0 days 1,636 sqft
2020-09-01 0 days 1,643 sqft
2020-10-01 0 days 1,701 sqft
2020-11-01 0 days 1,616 sqft
2020-12-01 0 days 1,554 sqft
2021-01-01 0 days 1,509 sqft
2021-02-01 0 days 1,523 sqft
2021-03-01 0 days 1,462 sqft
2021-04-01 0 days 1,525 sqft
2021-05-01 0 days 1,624 sqft
2021-06-01 0 days 1,505 sqft
2021-07-01 0 days 1,524 sqft
2021-08-01 0 days 1,597 sqft
2021-09-01 0 days 1,620 sqft
2021-10-01 0 days 1,583 sqft
2021-11-01 0 days 1,620 sqft
2021-12-01 0 days 1,541 sqft
2022-01-01 0 days 1,584 sqft
2022-02-01 0 days 1,535 sqft
2022-03-01 0 days 1,497 sqft
2022-04-01 0 days 1,500 sqft
2022-05-01 0 days 1,514 sqft
2022-06-01 0 days 1,535 sqft
2022-07-01 0 days 1,468 sqft
2022-08-01 0 days 1,468 sqft
2022-09-01 0 days 1,519 sqft
2022-10-01 0 days 1,519 sqft
2022-11-01 0 days 1,499 sqft
2022-12-01 0 days 1,517 sqft
2023-01-01 0 days 1,517 sqft
2023-02-01 0 days 1,503 sqft
2023-03-01 0 days 1,493 sqft
2023-04-01 0 days 1,560 sqft
2023-05-01 0 days 1,724 sqft
2023-06-01 0 days 1,775 sqft
2023-07-01 0 days 1,718 sqft
2023-08-01 0 days 1,606 sqft
2023-09-01 0 days 1,586 sqft
2023-10-01 0 days 1,628 sqft
2023-11-01 0 days 1,639 sqft
2023-12-01 0 days 1,600 sqft
Farmington's median listing age (time on market) for 2023-12-01 was 0 days.

Farmington's median square footage for active listings during the 2023-12-01 period was 1,600 sqft. One year prior, the average listing was 1,517 sqft.

Farmington, MO Market Loan Reason

Loan Purpose Originations Total Value Average Loan
Home Purchase 833 $180,825,000 $217,077
Refi 244 $33,740,000 $138,279
Cash Out Refi 237 $37,775,000 $159,388
Home Improvement 107 $6,115,000 $57,150
Other 82 $5,710,000 $69,634

Farmington's most frequently cited loan purpose was Home Purchase, with 833 originations. The 2nd most popular reason was Refi, with 244 originations.

Interest Rate Frequencies

Loan Rate Originations Total Value Average Loan
5-6% 387 $62,415,000 $161,279
4-5% 375 $62,005,000 $165,347
3-4% 318 $54,350,000 $170,912
6-7% 191 $38,895,000 $203,639
7-8% 60 $8,680,000 $144,667
2.5-3% 57 $9,395,000 $164,825
<2.5% 26 $3,110,000 $119,615
Over 8% 20 $950,000 $47,500

During 2022, Farmington's most frequently originated rate bucket was 5-6%, with 387 originations.

Loan Sizing (Farmington, MO MSA)

Loan Size Originations Total Value Average Loan
$100k-200k 611 $88,815,000 $145,360
$100,000 or less 483 $28,975,000 $59,990
$200k-400k 354 $93,050,000 $262,853
$400k-600k 39 $18,595,000 $476,795
$600k-1000k 8 $5,830,000 $728,750
$Over $1MM 8 $28,900,000 $3,612,500

Farmington's loan sizing saw the bucket of loans from $100k-200k with 611 originations, totaling $88,815,000 in origination value.

LTV Distribution

Loan to Value Originations Total Value Average Loan
80-100% 623 $120,235,000 $192,994
60-80% 343 $69,815,000 $203,542
40-60% 172 $23,790,000 $138,314
Under 20% 120 $4,310,000 $35,917
20-40% 119 $9,325,000 $78,361
Over 100% 50 $11,460,000 $229,200

Farmington's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 623 originations, totaling $120,235,000 in origination value.