Farmington Mortgage Rates & Closing Costs

  • JUMP TO:
  • Trends
  • Rates vs. Fees
  • Top Lenders
  • Market Share
  • Market Conditions & Pricing
  • Time on Market/Property Size
  • Loan Attributes
    • 30yr Fixed Rate 15yr Fixed Rate FHA USDA VA 5/1 ARM

    30 Year Fixed Rate mortgages in Farmington averaged 7.18% for the week of 2025-05-22, compared to the national average of 6.86% for the same period.

    The average rate for the prior week (2025-05-15) was 6.93% and one month ago for the week of 2025-04-17, the average rate was 6.85%.

    Farmington's average rate one year ago was 7.04%.

    For refis of the same type during the week of 2025-05-22, the average rate was 7.26%.

    Loan Type Date Rate
    US 30 Year Fixed Rate 2025-05-22 6.86%
    Farmington 30 Year Fixed Rate 2025-05-22 7.18%
    Farmington 30 Year Fixed Rate Refi 2025-05-22 7.26%
    Farmington 15 Year Fixed Rate 2025-05-22 5.91%
    Farmington 15 Year Fixed Rate Refi 2025-05-22 6.21%
    Farmington 30 Year FHA 2025-05-22 6.99%
    Farmington 30 Year FHA Refi 2025-05-22 6.41%
    Farmington 30 Year USDA 2025-05-22 6.55%
    Farmington 30 Year USDA Refi 2025-05-22 6.53%
    Farmington 30 Year VA 2025-05-22 6.72%
    Farmington 30 Year VA Refi 2025-05-22 6.72%
    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 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
    First State Community Bank 84 7.04% $2,397
    GUILD MORTGAGE COMPANY 56 6.90% $4,859
    Ozarks Federal Savings and Loan Association 43 6.85% $2,248
    QUICKEN LOANS, LLC 27 6.80% $5,506
    UNITED WHOLESALE MORTGAGE, LLC 13 6.70% $6,215
    U.S. Bank 10 6.79% $3,463
    GERSHMAN INVESTMENT CORP. 8 7.06% $3,717
    FLAT BRANCH MORTGAGE, INC. 8 6.70% $3,338
    DAS Acquisition Company, LLC 8 7.06% $4,326
    BROKER SOLUTIONS, INC. 7 6.91% $4,226
    First Bank 6 6.75% $3,369
    JPMorgan Chase Bank 4 6.87% $2,807
    TOGETHER CREDIT UNION 4 6.22% $2,876
    NEWREZ LLC 4 6.71% $4,325
    LOANDEPOT.COM, LLC 4 6.75% $7,258
    Mr. Cooper ( Nationstar Mortgage ) 3 6.82% $6,926
    FAMILY FINANCE MORTGAGE, LLC 3 6.62% $3,596
    AMERICAN PACIFIC MORTGAGE CORPORATION 3 6.71% $4,800
    SCOTT CREDIT UNION 3 6.54% $2,590
    First State Bank of St. Charles, Missouri 3 6.71% $3,838
    ROYAL UNITED MORTGAGE LLC 2 6.88% $5,597
    JLB CORPORATION 2 7.31% $4,738
    Carrington Mortgage Services, LLC 2 7.81% $4,296
    Carrollton Bank 2 5.94% $2,579
    Nations Lending Corporation 2 6.69% $4,776
    CHURCHILL MORTGAGE CORPORATION 2 6.87% $6,999
    Regions Bank 2 6.31% $6,318
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 2 6.74% $6,680
    Stifel Bank and Trust 2 6.06% $2,754
    The Central Trust Bank 2 6.94% $2,810
    CITY FIRST MORTGAGE SERVICES, L.L.C. 2 6.88% $4,588
    VANTAGE Credit Union 2 6.31% $3,409
    Bank of Springfield 2 6.98% $2,382
    CROSSCOUNTRY MORTGAGE, LLC 2 5.98% $6,803
    Wells Fargo Bank 1 6.50% $6,218
    ACCESS CAPITAL FUNDING, L.L.C. 1 7.00% $0
    American Mortgage & Equity Consultants, Inc. 1 7.50% $4,335
    AMERISAVE MORTGAGE CORPORATION 1 7.50% $4,073
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 1 7.13% $10,720
    CMG MORTGAGE, INC. 1 7.50% $4,130
    Commerce Bank 1 6.25% $3,481
    Discover Bank 1 6.49% $0
    FIRST COMMUNITY 1 5.95% $1,891
    First Horizon Bank 1 6.63% $2,500
    First United Bank and Trust Company 1 6.13% $4,860
    Flagstar Bank, FSB 1 7.13% $3,300
    Gateway Metro Federal Credit Union 1 7.00% $3,496
    Golden Empire Mortgage, Inc. 1 7.49% $4,352
    Great Southern Bank 1 7.13% $3,015
    GUARANTEED RATE AFFINITY, LLC 1 6.95% $3,989
    GUARANTEED RATE, INC. 1 6.75% $4,296
    HALLMARK HOME MORTGAGE, LLC 1 7.50% $7,116
    Midwest BankCentre 1 6.38% $3,014
    Midwest Mortgage Associates Corporation 1 6.63% $2,390
    Mortgage Research Center, LLC 1 7.38% $2,353
    MORTGAGE SOLUTIONS LLC 1 6.38% $3,529
    MUTUAL OF OMAHA MORTGAGE, INC. 1 6.99% $11,403
    NAVY FEDERAL CREDIT UNION 1 6.88% $4,108
    OCMBC, INC. 1 7.50% $9,078
    United Bank of Union 1 6.00% $2,590
    USAA Federal Savings Bank 1 6.63% $3,490
    21ST MORTGAGE CORPORATION 1 8.36% $5,675

    Farmington Average Closing Costs & Other Stats

    Farmington, MO's 62 lenders originated 1,312 loans during 2024. The total origination value was $235,540,000, with an average loan value of $179,527.

    Farmington's average closing costs are $4,342.

    The top Farmington lender as defined by loan originations is First State Community Bank, with 84 loans originated. Their average total fees are $2,397, which is $2,461 lower than the next largest lender, GUILD MORTGAGE COMPANY.

    The lowest fee Farmington lenders (with over 10 loans originated) are Ozarks Federal Savings and Loan Association ($2,248), First State Community Bank ($2,397), U.S. Bank ($3,463), GUILD MORTGAGE COMPANY ($4,859) and QUICKEN LOANS, LLC ($5,506).

    The lowest rate Farmington lenders (with over 10 loans originated) are UNITED WHOLESALE MORTGAGE, LLC (6.70%), U.S. Bank (6.79%), QUICKEN LOANS, LLC (6.80%), Ozarks Federal Savings and Loan Association (6.85%) and GUILD MORTGAGE COMPANY (6.90%).

    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 2023 Loan Value 2024 Loan Value % Change 2024 Market Share
    First State Community Bank $41,335,000 $47,780,000 15.6% 20.3%
    GUILD MORTGAGE COMPANY $38,845,000 $46,955,000 20.9% 19.9%
    Ozarks Federal Savings and Loan Association $19,575,000 $20,375,000 4.1% 8.7%
    QUICKEN LOANS, LLC $9,190,000 $10,170,000 10.7% 4.3%
    Mortgage Research Center, LLC $7,630,000 $7,680,000 0.7% 3.3%
    UNITED WHOLESALE MORTGAGE, LLC $7,430,000 $6,530,000 -12.1% 2.8%
    Unico Bank $3,885,000 $5,300,000 36.4% 2.3%
    U.S. Bank $5,235,000 $4,775,000 -8.8% 2.0%
    DAS Acquisition Company, LLC $4,415,000 $4,620,000 4.6% 2.0%
    Bloomsdale Bank $940,000 $4,005,000 326.1% 1.7%
    GERSHMAN INVESTMENT CORP. $5,200,000 $3,970,000 -23.7% 1.7%
    BROKER SOLUTIONS, INC. $2,410,000 $3,695,000 53.3% 1.6%
    FLAT BRANCH MORTGAGE, INC. $3,300,000 $3,565,000 8.0% 1.5%
    Montgomery Bank $3,210,000 n/a 1.4%
    AMERICAN PACIFIC MORTGAGE CORPORATION $165,000 $3,085,000 1,769.7% 1.3%
    NEWREZ LLC $240,000 $2,555,000 964.6% 1.1%
    NAVY FEDERAL CREDIT UNION $1,690,000 $2,395,000 41.7% 1.0%
    ARSENAL CREDIT UNION $220,000 $2,380,000 981.8% 1.0%
    FREEDOM MORTGAGE CORPORATION $865,000 $2,380,000 175.1% 1.0%
    PENNYMAC LOAN SERVICES, LLC $3,305,000 $2,350,000 -28.9% 1.0%
    VILLAGE CAPITAL MORTGAGE $155,000 $1,665,000 974.2% 0.7%
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION $2,205,000 $1,590,000 -27.9% 0.7%
    FAMILY FINANCE MORTGAGE, LLC $330,000 $1,590,000 381.8% 0.7%
    The Central Trust Bank $460,000 $1,550,000 237.0% 0.7%
    Legacy Bank & Trust Company $1,455,000 n/a 0.6%
    LOANDEPOT.COM, LLC $530,000 $1,430,000 169.8% 0.6%
    First Bank $975,000 $1,360,000 39.5% 0.6%
    TOGETHER CREDIT UNION $895,000 $1,330,000 48.6% 0.6%
    CROSSCOUNTRY MORTGAGE, LLC $900,000 $1,125,000 25.0% 0.5%
    Mr. Cooper ( Nationstar Mortgage ) $105,000 $1,120,000 966.7% 0.5%
    Regions Bank $255,000 $1,065,000 317.6% 0.5%
    FIRST COMMUNITY $1,430,000 $1,045,000 -26.9% 0.4%
    SCOTT CREDIT UNION $295,000 $980,000 232.2% 0.4%
    JPMorgan Chase Bank $890,000 n/a 0.4%
    JLB CORPORATION $590,000 $850,000 44.1% 0.4%
    21ST MORTGAGE CORPORATION $725,000 $840,000 15.9% 0.4%
    ARK-LA-TEX FINANCIAL SERVICES, LLC. $830,000 n/a 0.4%
    First State Bank of St. Charles, Missouri $210,000 $785,000 273.8% 0.3%
    Carrington Mortgage Services, LLC $255,000 $780,000 205.9% 0.3%
    Exchange Bank of Missouri $725,000 n/a 0.3%
    AMERISAVE MORTGAGE CORPORATION $1,215,000 $720,000 -40.7% 0.3%
    Discover Bank $465,000 $715,000 53.8% 0.3%
    PRIMELENDING, A PLAINSCAPITAL COMPANY $665,000 $705,000 6.0% 0.3%
    The Federal Savings Bank $255,000 $685,000 168.6% 0.3%
    CARDINAL FINANCIAL $1,015,000 $660,000 -35.0% 0.3%
    NEW DAY FINANCIAL, LLC $685,000 $655,000 -4.4% 0.3%
    MUTUAL OF OMAHA MORTGAGE, INC. $215,000 $650,000 202.3% 0.3%
    PLANET HOME LENDING, LLC $135,000 $610,000 351.9% 0.3%
    Peoples Community Bank $340,000 $600,000 76.5% 0.3%
    American Mortgage & Equity Consultants, Inc. $580,000 n/a 0.2%
    Stifel Bank and Trust $710,000 $555,000 -21.8% 0.2%
    TOP FLITE FINANCIAL, INC. $605,000 $555,000 -8.3% 0.2%
    CITY FIRST MORTGAGE SERVICES, L.L.C. $645,000 $545,000 -15.5% 0.2%
    Citizens Bank $490,000 $525,000 7.1% 0.2%
    Commerce Bank $320,000 $500,000 56.3% 0.2%
    DELMAR FINANCIAL COMPANY $175,000 $490,000 180.0% 0.2%
    PHH Mortgage Corporation $155,000 $480,000 209.7% 0.2%
    Nations Lending Corporation $480,000 $475,000 -1.0% 0.2%
    Equity Prime Mortgage LLC $135,000 $445,000 229.6% 0.2%
    VANTAGE Credit Union $400,000 $445,000 11.3% 0.2%
    HALLMARK HOME MORTGAGE, LLC $360,000 $440,000 22.2% 0.2%
    Hometown Equity Mortgage, LLC $430,000 n/a 0.2%
    Figure Lending LLC $195,000 $395,000 102.6% 0.2%
    ACCESS CAPITAL FUNDING, L.L.C. $390,000 $380,000 -2.6% 0.2%
    ENDEAVOR CAPITAL, LLC. $115,000 $370,000 221.7% 0.2%
    CHURCHILL MORTGAGE CORPORATION $115,000 $360,000 213.0% 0.2%
    Golden Empire Mortgage, Inc. $335,000 n/a 0.1%
    PLAZA HOME MORTGAGE, INC. $330,000 n/a 0.1%
    PNC Bank $210,000 $325,000 54.8% 0.1%
    Simmons Bank $320,000 n/a 0.1%
    Carrollton Bank $310,000 n/a 0.1%
    Paramount Residential Mortgage Group, Inc. $95,000 $295,000 210.5% 0.1%
    Bank of Springfield $360,000 $290,000 -19.4% 0.1%
    Wells Fargo Bank $715,000 $290,000 -59.4% 0.1%
    BETTER MORTGAGE CORPORATION $275,000 n/a 0.1%
    Citizens National Bank of Greater St. Louis $275,000 n/a 0.1%
    Bank of England $265,000 n/a 0.1%
    FCB Banks $265,000 n/a 0.1%
    Midwest BankCentre $260,000 n/a 0.1%
    DOMINION FINANCIAL SERVICES, LLC $255,000 n/a 0.1%
    FIRST INTEGRITY MORTGAGE SERVICES, INC. $255,000 n/a 0.1%
    FRONTIER FINANCIAL, INC. $255,000 n/a 0.1%
    HOMESIDE FINANCIAL, LLC $255,000 n/a 0.1%
    Texana Bank $255,000 n/a 0.1%
    USAA Federal Savings Bank $255,000 $250,000 -2.0% 0.1%
    Midwest Mortgage Associates Corporation $225,000 n/a 0.1%
    Flagstar Bank, FSB $280,000 $220,000 -21.4% 0.1%
    GENEVA FINANCIAL, LLC $195,000 $215,000 10.3% 0.1%
    The Bank of Old Monroe $70,000 $215,000 207.1% 0.1%
    VANDERBILT MORTGAGE AND FINANCE, INC. $200,000 $200,000 0.0% 0.1%
    First Horizon Bank $195,000 n/a 0.1%
    Plains Commerce Bank $405,000 $195,000 -51.9% 0.1%
    SUN WEST MORTGAGE COMPANY, INC. $195,000 n/a 0.1%
    First United Bank and Trust Company $185,000 n/a 0.1%
    NBKC BANK $185,000 n/a 0.1%
    Prosperity Home Mortgage, LLC $185,000 n/a 0.1%
    ALLIANCE CREDIT UNION $180,000 n/a 0.1%
    AMERICAN FINANCIAL NETWORK, INC. $175,000 n/a 0.1%
    LOANPAL, LLC $85,000 $175,000 105.9% 0.1%
    MORTGAGE SOLUTIONS LLC $425,000 $175,000 -58.8% 0.1%
    MORTGAGE SOLUTIONS OF COLORADO, LLC $175,000 n/a 0.1%
    CMG MORTGAGE, INC. $165,000 n/a 0.1%
    ROYAL UNITED MORTGAGE LLC $385,000 $160,000 -58.4% 0.1%
    Enterprise Bank & Trust $155,000 n/a 0.1%
    Great Southern Bank $180,000 $155,000 -13.9% 0.1%
    OCMBC, INC. $155,000 n/a 0.1%
    GUARANTEED RATE AFFINITY, LLC $205,000 $145,000 -29.3% 0.1%
    TRIAD FINANCIAL SERVICES, INC. $225,000 $145,000 -35.6% 0.1%
    MID AMERICA MORTGAGE, INC. $140,000 n/a 0.1%
    GUARANTEED RATE, INC. $390,000 $125,000 -67.9% 0.1%
    COMMUNITYAMERICA $105,000 n/a 0.0%
    Gateway Metro Federal Credit Union $105,000 n/a 0.0%
    River Region Credit Union $95,000 n/a 0.0%
    Southeast Financial Credit Union $95,000 n/a 0.0%
    LAKEVIEW LOAN SERVICING, LLC $790,000 $85,000 -89.2% 0.0%
    Southern Bank $265,000 $85,000 -67.9% 0.0%
    SPRING EQ, LLC $45,000 $75,000 66.7% 0.0%
    Sullivan Bank $45,000 $75,000 66.7% 0.0%
    WEST COMMUNITY $55,000 $75,000 36.4% 0.0%
    United Bank of Union $85,000 $65,000 -23.5% 0.0%
    Bank of America $410,000 $35,000 -91.5% 0.0%
    Deseret First Credit Union $25,000 n/a 0.0%
    Buena Vista National Bank $115,000 $15,000 -87.0% 0.0%

    Farmington's top lender by overall market share is First State Community Bank, with 20.3% market share. In second place, with 19.9%, is GUILD MORTGAGE COMPANY, having originated $46,955,000 in loans. In third place, with 8.7%, is Ozarks Federal Savings and Loan Association, having originated $20,375,000 in loans. In fourth place, with 4.3%, is QUICKEN LOANS, LLC, having originated $10,170,000 in loans. In fifth place, with 3.3%, is Mortgage Research Center, LLC, having originated $7,680,000 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
    2024-01-01 $242,000 (22.4%) $260,452 (12.4%) 0.00 123
    2024-02-01 $237,450 (14.5%) $261,030 (9.7%) 0.00 126
    2024-03-01 $235,000 (6.9%) $261,307 (5.1%) 0.00 131
    2024-04-01 $239,075 (19.6%) $270,583 (10.4%) 0.00 133
    2024-05-01 $259,925 (16.2%) $268,922 (5.7%) 0.00 154
    2024-06-01 $244,900 (8.4%) $269,650 (-0.5%) 0.00 157
    2024-07-01 $254,675 (9.4%) $269,808 (1.5%) 0.00 156
    2024-08-01 $249,900 (14.9%) $266,464 (6.2%) 0.00 154
    2024-09-01 $223,200 (1.8%) $251,732 (-3.1%) 0.00 156
    2024-10-01 $219,450 (-2.1%) $249,948 (-2.8%) 0.00 176
    2024-11-01 $209,900 (-4.5%) $252,976 (-3.0%) 0.00 187
    2024-12-01 $217,400 (-5.5%) $267,960 (5.0%) 0.00 177
    2025-01-01 $227,400 (-6.0%) $280,590 (7.7%) 0.00 175
    2025-02-01 $246,000 (3.6%) $284,831 (9.1%) 0.00 187
    2025-03-01 $235,000 (0.0%) $278,126 (6.4%) 0.00 175
    2025-04-01 $229,500 (-4.0%) $270,240 (-0.1%) 0.00 179
    Farmington's median listing price for 2025-04-01 was $229,500, a difference of $-9,575 (-4.0%) versus the prior year and $-5,500 versus the prior month.

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

    Farmington's average listing price for 2025-04-01 was $270,240, a difference of $-343 (-0.1%) versus the prior year and $-7,886 versus the prior month.

    For the 2025-04-01 period, Farmington had 179 MLS listings, a difference of 4 listings (2%) versus the prior month and 46 listings (35%) 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 1,356 sqft
    2018-05-01 0 days 1,398 sqft
    2018-06-01 0 days 1,412 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 1,502 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
    2024-01-01 0 days 1,600 sqft
    2024-02-01 0 days 1,606 sqft
    2024-03-01 0 days 1,630 sqft
    2024-04-01 0 days 1,623 sqft
    2024-05-01 0 days 1,581 sqft
    2024-06-01 0 days 1,571 sqft
    2024-07-01 0 days 1,570 sqft
    2024-08-01 0 days 1,573 sqft
    2024-09-01 0 days 1,561 sqft
    2024-10-01 0 days 1,694 sqft
    2024-11-01 0 days 1,701 sqft
    2024-12-01 0 days 1,760 sqft
    2025-01-01 0 days 1,813 sqft
    2025-02-01 0 days 1,808 sqft
    2025-03-01 0 days 1,782 sqft
    2025-04-01 0 days 1,561 sqft
    Farmington's median listing age (time on market) for 2025-04-01 was 0 days.

    Farmington's median square footage for active listings during the 2025-04-01 period was 1,561 sqft. One year prior, the average listing was 1,623 sqft.

    Farmington, MO Market Loan Reason

    Loan Purpose Originations Total Value Average Loan
    Home Purchase 757 $160,635,000 $212,199
    Cash Out Refi 178 $32,380,000 $181,910
    Refi 143 $25,475,000 $178,147
    Home Improvement 120 $7,920,000 $66,000
    Other 114 $9,130,000 $80,088

    Farmington's most frequently cited loan purpose was Home Purchase, with 757 originations. The 2nd most popular reason was Cash Out Refi, with 178 originations.

    Interest Rate Frequencies

    Loan Rate Originations Total Value Average Loan
    6-7% 553 $111,035,000 $200,787
    7-8% 301 $62,535,000 $207,757
    Over 8% 267 $23,075,000 $86,423
    5-6% 101 $20,945,000 $207,376
    <2.5% 11 $255,000 $23,182
    2.5-3% 4 $350,000 $87,500
    4-5% 3 $585,000 $195,000

    During 2024, Farmington's most frequently originated rate bucket was 6-7%, with 553 originations.

    Loan Sizing (Farmington, MO MSA)

    Loan Size Originations Total Value Average Loan
    $100k-200k 512 $75,980,000 $148,398
    $100,000 or less 381 $21,125,000 $55,446
    $200k-400k 364 $97,900,000 $268,956
    $400k-600k 39 $18,445,000 $472,949
    $600k-1000k 12 $8,630,000 $719,167
    $Over $1MM 4 $13,460,000 $3,365,000

    Farmington's loan sizing saw the bucket of loans from $100k-200k with 512 originations, totaling $75,980,000 in origination value.

    LTV Distribution

    Loan to Value Originations Total Value Average Loan
    80-100% 552 $121,030,000 $219,257
    60-80% 235 $48,935,000 $208,234
    Under 20% 153 $5,815,000 $38,007
    20-40% 135 $13,045,000 $96,630
    40-60% 115 $18,415,000 $160,130
    Over 100% 33 $6,985,000 $211,667

    Farmington's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 552 originations, totaling $121,030,000 in origination value.