Farmington 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 Farmington averaged 6.65% for the week of 2024-11-07, compared to the national average of 6.79% for the same period.

    The average rate for the prior week (2024-10-31) was 6.98% and one month ago for the week of 2024-10-03, the average rate was 6.08%.

    Farmington's average rate one year ago was 7.92%.

    For refis of the same type during the week of 2024-11-07, the average rate was 7.09%.

    Loan Type Date Rate
    US 30 Year Fixed Rate 2024-11-07 6.79%
    Farmington 30 Year Fixed Rate 2024-11-07 6.65%
    Farmington 30 Year Fixed Rate Refi 2024-11-07 7.09%
    Farmington 15 Year Fixed Rate 2024-11-07 5.9%
    Farmington 15 Year Fixed Rate Refi 2024-11-07 6.5%
    Farmington 30 Year FHA 2024-11-07 6.4%
    Farmington 30 Year FHA Refi 2024-11-07 6.43%
    Farmington 30 Year USDA 2024-11-07 6.18%
    Farmington 30 Year USDA Refi 2024-11-07 6.68%
    Farmington 30 Year VA 2024-11-07 6.83%
    Farmington 30 Year VA Refi 2024-11-07 6.54%
    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 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    First State Community Bank 106 6.89% $2,607
    Ozarks Federal Savings and Loan Association 53 6.29% $2,233
    GUILD MORTGAGE COMPANY 45 7.15% $5,324
    QUICKEN LOANS, LLC 24 6.56% $6,025
    UNITED WHOLESALE MORTGAGE, LLC 19 6.79% $5,108
    U.S. Bank 15 6.64% $3,244
    GERSHMAN INVESTMENT CORP. 12 7.16% $4,630
    BROKER SOLUTIONS, INC. 6 6.98% $4,896
    DAS Acquisition Company, LLC 6 6.87% $3,868
    FIRST COMMUNITY 5 6.23% $1,912
    NAVY FEDERAL CREDIT UNION 5 7.50% $2,943
    FLAT BRANCH MORTGAGE, INC. 5 6.85% $3,444
    HOMESTAR FINANCIAL CORPORATION 4 6.97% $3,280
    AMERISAVE MORTGAGE CORPORATION 3 6.83% $4,630
    The Central Trust Bank 3 6.75% $2,624
    Wells Fargo Bank 2 6.75% $2,964
    FIRST MORTGAGE COMPANY, INC. 2 7.13% $5,471
    First State Bank of St. Charles, Missouri 2 6.19% $3,436
    CROSSCOUNTRY MORTGAGE, LLC 2 7.31% $6,186
    PENNYMAC LOAN SERVICES, LLC 2 7.19% $6,657
    EVERETT FINANCIAL, INC. 2 7.00% $4,645
    PRIMELENDING, A PLAINSCAPITAL COMPANY 2 6.56% $6,414
    21ST MORTGAGE CORPORATION 2 7.35% $5,898
    Stifel Bank and Trust 2 6.06% $2,999
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 2 6.99% $3,475
    JLB CORPORATION 2 6.25% $4,588
    Bank of Springfield 2 7.36% $2,860
    TOGETHER CREDIT UNION 2 6.28% $3,366
    Citizens Bank 2 7.13% $4,283
    Pinnacle Bank 1 6.75% $5,713
    Plains Commerce Bank 1 7.13% $3,230
    PNC Bank 1 5.50% $6,412
    Quontic Bank 1 9.38% $6,657
    ROYAL UNITED MORTGAGE LLC 1 7.25% $7,539
    Southern Bank 1 7.63% $2,967
    Sullivan Bank 1 9.75% $1,717
    The Bank of Missouri 1 5.88% $3,832
    The Huntington National Bank 1 5.63% $4,103
    HALLMARK HOME MORTGAGE, LLC 1 7.25% $5,705
    AMERICAN FINANCING CORPORATION 1 6.88% $8,438
    AMERICAN PACIFIC MORTGAGE CORPORATION 1 7.88% $7,440
    ARSENAL CREDIT UNION 1 6.00% $3,605
    BancorpSouth 1 7.25% $5,035
    Baxter Credit Union 1 6.50% $2,646
    Bell Bank 1 6.88% $3,891
    CHURCHILL MORTGAGE CORPORATION 1 5.63% $5,343
    Citadel Servicing Corporation 1 8.88% $9,136
    Commerce Bank 1 6.75% $2,974
    Discover Bank 1 7.49% $0
    Financial Funding Solutions, Inc. 1 6.88% $3,449
    First Bank 1 7.50% $4,760
    Flagstar Bank, FSB 1 6.63% $3,047
    FREEDOM MORTGAGE CORPORATION 1 7.50% $6,010
    GENEVA FINANCIAL, LLC 1 9.62% $11,244
    Great Southern Bank 1 6.88% $2,938
    GUARANTEED RATE AFFINITY, LLC 1 6.50% $5,031
    IAA Credit Union 1 7.13% $2,749
    LAKEVIEW LOAN SERVICING, LLC 1 6.38% $6,104
    Midland States Bank 1 6.25% $3,408
    MORTGAGE SOLUTIONS LLC 1 7.25% $4,360
    Nations Lending Corporation 1 8.63% $6,090
    NEWREZ LLC 1 8.13% $4,311
    North American Savings Bank, F.S.B. 1 8.25% $1,499
    NP, Inc. 1 9.62% $170
    Paramount Bank 1 6.63% $3,268
    Paramount Residential Mortgage Group, Inc. 1 7.13% $6,249
    PHH Mortgage Corporation 1 6.38% $6,199

    Farmington Average Closing Costs & Other Stats

    Farmington, MO's 67 lenders originated 1,223 loans during 2023. The total origination value was $200,845,000, with an average loan value of $164,223.

    Farmington's average closing costs are $4,145.

    The top Farmington lender as defined by loan originations is First State Community Bank, with 106 loans originated. Their average total fees are $2,607, which is $374 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 ($2,233), First State Community Bank ($2,607), U.S. Bank ($3,244), GERSHMAN INVESTMENT CORP. ($4,630) and UNITED WHOLESALE MORTGAGE, LLC ($5,108).

    The lowest rate Farmington lenders (with over 10 loans originated) are Ozarks Federal Savings and Loan Association (6.29%), QUICKEN LOANS, LLC (6.56%), U.S. Bank (6.64%), UNITED WHOLESALE MORTGAGE, LLC (6.79%) and First State Community Bank (6.89%).

    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 2022 Loan Value 2023 Loan Value % Change 2023 Market Share
    First State Community Bank $46,440,000 $41,335,000 -11.0% 20.6%
    GUILD MORTGAGE COMPANY $49,080,000 $38,845,000 -20.9% 19.3%
    Ozarks Federal Savings and Loan Association $19,935,000 $19,575,000 -1.8% 9.7%
    QUICKEN LOANS, LLC $13,135,000 $9,190,000 -30.0% 4.6%
    Mortgage Research Center, LLC $4,875,000 $7,630,000 56.5% 3.8%
    UNITED WHOLESALE MORTGAGE, LLC $5,625,000 $7,430,000 32.1% 3.7%
    American Bank of Missouri $2,770,000 $6,170,000 122.7% 3.1%
    U.S. Bank $6,475,000 $5,235,000 -19.2% 2.6%
    GERSHMAN INVESTMENT CORP. $4,080,000 $5,200,000 27.5% 2.6%
    DAS Acquisition Company, LLC $5,135,000 $4,415,000 -14.0% 2.2%
    Unico Bank $8,680,000 $3,885,000 -55.2% 1.9%
    PENNYMAC LOAN SERVICES, LLC $3,215,000 $3,305,000 2.8% 1.6%
    FLAT BRANCH MORTGAGE, INC. $5,495,000 $3,300,000 -39.9% 1.6%
    BROKER SOLUTIONS, INC. $2,195,000 $2,410,000 9.8% 1.2%
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION $415,000 $2,205,000 431.3% 1.1%
    NAVY FEDERAL CREDIT UNION $1,290,000 $1,690,000 31.0% 0.8%
    HOMESTAR FINANCIAL CORPORATION $3,930,000 $1,630,000 -58.5% 0.8%
    FIRST COMMUNITY $805,000 $1,430,000 77.6% 0.7%
    AMERISAVE MORTGAGE CORPORATION $1,790,000 $1,215,000 -32.1% 0.6%
    CARDINAL FINANCIAL $575,000 $1,015,000 76.5% 0.5%
    First Bank $205,000 $975,000 375.6% 0.5%
    Bloomsdale Bank $1,770,000 $940,000 -46.9% 0.5%
    CROSSCOUNTRY MORTGAGE, LLC $900,000 n/a 0.4%
    TOGETHER CREDIT UNION $695,000 $895,000 28.8% 0.4%
    FREEDOM MORTGAGE CORPORATION $2,325,000 $865,000 -62.8% 0.4%
    LAKEVIEW LOAN SERVICING, LLC $685,000 $790,000 15.3% 0.4%
    FIRST MORTGAGE COMPANY, INC. $775,000 n/a 0.4%
    21ST MORTGAGE CORPORATION $735,000 $725,000 -1.4% 0.4%
    Wells Fargo Bank $905,000 $715,000 -21.0% 0.4%
    Stifel Bank and Trust $620,000 $710,000 14.5% 0.4%
    NEW DAY FINANCIAL, LLC $1,065,000 $685,000 -35.7% 0.3%
    BancorpSouth $675,000 n/a 0.3%
    Flanagan State Bank $445,000 $675,000 51.7% 0.3%
    PRIMELENDING, A PLAINSCAPITAL COMPANY $380,000 $665,000 75.0% 0.3%
    CITY FIRST MORTGAGE SERVICES, L.L.C. $645,000 n/a 0.3%
    The Bank of Missouri $185,000 $625,000 237.8% 0.3%
    TOP FLITE FINANCIAL, INC. $155,000 $605,000 290.3% 0.3%
    JLB CORPORATION $1,315,000 $590,000 -55.1% 0.3%
    The Huntington National Bank $355,000 $535,000 50.7% 0.3%
    LOANDEPOT.COM, LLC $5,040,000 $530,000 -89.5% 0.3%
    Citizens Bank $560,000 $490,000 -12.5% 0.2%
    Nations Lending Corporation $350,000 $480,000 37.1% 0.2%
    Discover Bank $140,000 $465,000 232.1% 0.2%
    The Central Trust Bank $2,680,000 $460,000 -82.8% 0.2%
    Pinnacle Bank $455,000 n/a 0.2%
    PENTAGON FEDERAL CREDIT UNION $340,000 $450,000 32.4% 0.2%
    MORTGAGE SOLUTIONS LLC $375,000 $425,000 13.3% 0.2%
    AMERICAN FINANCING CORPORATION $260,000 $415,000 59.6% 0.2%
    Bank of America $1,590,000 $410,000 -74.2% 0.2%
    Plains Commerce Bank $165,000 $405,000 145.5% 0.2%
    VANTAGE Credit Union $365,000 $400,000 9.6% 0.2%
    ACCESS CAPITAL FUNDING, L.L.C. $380,000 $390,000 2.6% 0.2%
    GUARANTEED RATE, INC. $1,160,000 $390,000 -66.4% 0.2%
    ROYAL UNITED MORTGAGE LLC $55,000 $385,000 600.0% 0.2%
    Baxter Credit Union $375,000 n/a 0.2%
    Bank of Springfield $360,000 n/a 0.2%
    HALLMARK HOME MORTGAGE, LLC $360,000 n/a 0.2%
    Peoples Community Bank $210,000 $340,000 61.9% 0.2%
    EVERETT FINANCIAL, INC. $155,000 $330,000 112.9% 0.2%
    FAMILY FINANCE MORTGAGE, LLC $1,495,000 $330,000 -77.9% 0.2%
    LEADERONE FINANCIAL CORPORATION $135,000 $325,000 140.7% 0.2%
    The Union State Bank of Everest $325,000 n/a 0.2%
    Commerce Bank $480,000 $320,000 -33.3% 0.2%
    TruHome Solutions, LLC $320,000 n/a 0.2%
    MRV Banks $305,000 n/a 0.2%
    SCOTT CREDIT UNION $625,000 $295,000 -52.8% 0.1%
    Flagstar Bank, FSB $585,000 $280,000 -52.1% 0.1%
    Southern Bank $265,000 n/a 0.1%
    Carrington Mortgage Services, LLC $560,000 $255,000 -54.5% 0.1%
    Regions Bank $1,040,000 $255,000 -75.5% 0.1%
    The Federal Savings Bank $785,000 $255,000 -67.5% 0.1%
    USAA Federal Savings Bank $675,000 $255,000 -62.2% 0.1%
    NEWREZ LLC $2,125,000 $240,000 -88.7% 0.1%
    Citadel Servicing Corporation $235,000 n/a 0.1%
    TRIAD FINANCIAL SERVICES, INC. $225,000 n/a 0.1%
    ARSENAL CREDIT UNION $220,000 n/a 0.1%
    Quontic Bank $220,000 n/a 0.1%
    MUTUAL OF OMAHA MORTGAGE, INC. $105,000 $215,000 104.8% 0.1%
    North American Savings Bank, F.S.B. $520,000 $215,000 -58.7% 0.1%
    First State Bank of St. Charles, Missouri $215,000 $210,000 -2.3% 0.1%
    PNC Bank $750,000 $210,000 -72.0% 0.1%
    GUARANTEED RATE AFFINITY, LLC $555,000 $205,000 -63.1% 0.1%
    VANDERBILT MORTGAGE AND FINANCE, INC. $100,000 $200,000 100.0% 0.1%
    Figure Lending LLC $195,000 n/a 0.1%
    GENEVA FINANCIAL, LLC $275,000 $195,000 -29.1% 0.1%
    NP, Inc. $195,000 n/a 0.1%
    Great Southern Bank $100,000 $180,000 80.0% 0.1%
    Magnolia Bank $920,000 $180,000 -80.4% 0.1%
    DELMAR FINANCIAL COMPANY $335,000 $175,000 -47.8% 0.1%
    HOMEBRIDGE FINANCIAL SERVICES, INC. $175,000 n/a 0.1%
    AMERICAN PACIFIC MORTGAGE CORPORATION $490,000 $165,000 -66.3% 0.1%
    IAA Credit Union $165,000 n/a 0.1%
    Bell Bank $155,000 n/a 0.1%
    FCS Financial FLCA $155,000 n/a 0.1%
    Midland States Bank $155,000 n/a 0.1%
    OPEN MORTGAGE, LLC $155,000 n/a 0.1%
    Paramount Bank $155,000 n/a 0.1%
    PHH Mortgage Corporation $155,000 n/a 0.1%
    VILLAGE CAPITAL MORTGAGE $85,000 $155,000 82.4% 0.1%
    Financial Funding Solutions, Inc. $145,000 n/a 0.1%
    VERITAS FUNDING, LLC $145,000 n/a 0.1%
    Equity Prime Mortgage LLC $485,000 $135,000 -72.2% 0.1%
    PLANET HOME LENDING, LLC $480,000 $135,000 -71.9% 0.1%
    NEIGHBORS $120,000 n/a 0.1%
    Buena Vista National Bank $115,000 n/a 0.1%
    CHURCHILL MORTGAGE CORPORATION $115,000 n/a 0.1%
    ENDEAVOR CAPITAL, LLC. $710,000 $115,000 -83.8% 0.1%
    First Midwest Bank of Poplar Bluff $115,000 n/a 0.1%
    LENDINGHOME FUNDING CORPORATION $105,000 n/a 0.1%
    Mr. Cooper ( Nationstar Mortgage ) $1,145,000 $105,000 -90.8% 0.1%
    EVANSVILLE TEACHERS $95,000 n/a 0.0%
    LONGBRIDGE FINANCIAL, LLC $95,000 n/a 0.0%
    Paramount Residential Mortgage Group, Inc. $95,000 n/a 0.0%
    Centier Bank $85,000 n/a 0.0%
    DRAPER AND KRAMER MORTGAGE CORP. $85,000 n/a 0.0%
    LOANPAL, LLC $215,000 $85,000 -60.5% 0.0%
    Third Federal Savings and Loan Association of Cleveland $85,000 n/a 0.0%
    United Bank of Union $220,000 $85,000 -61.4% 0.0%
    The Bank of Old Monroe $70,000 n/a 0.0%
    CITIZENS EQUITY FIRST $65,000 n/a 0.0%
    WEST COMMUNITY $290,000 $55,000 -81.0% 0.0%
    Century Credit Union $15,000 $45,000 200.0% 0.0%
    FINANCE OF AMERICA REVERSE LLC $230,000 $45,000 -80.4% 0.0%
    SPRING EQ, LLC $45,000 n/a 0.0%
    Sullivan Bank $45,000 n/a 0.0%
    Heritage Community Bank $535,000 $35,000 -93.5% 0.0%

    Farmington's top lender by overall market share is First State Community Bank, with 20.6% market share. In second place, with 19.3%, is GUILD MORTGAGE COMPANY, having originated $38,845,000 in loans. In third place, with 9.7%, is Ozarks Federal Savings and Loan Association, having originated $19,575,000 in loans. In fourth place, with 4.6%, is QUICKEN LOANS, LLC, having originated $9,190,000 in loans. In fifth place, with 3.8%, is Mortgage Research Center, LLC, having originated $7,630,000 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 $249,900 (10.6%) $273,107 (0.8%) 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
    Farmington's median listing price for 2024-10-01 was $219,450, a difference of $-4,675 (-2.1%) versus the prior year and $-3,750 versus the prior month.

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

    Farmington's average listing price for 2024-10-01 was $249,948, a difference of $-7,301 (-2.8%) versus the prior year and $-1,784 versus the prior month.

    For the 2024-10-01 period, Farmington had 176 MLS listings, a difference of 20 listings (13%) versus the prior month and 42 listings (31%) 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
    2024-01-01 0 days 1,600 sqft
    2024-02-01 0 days 1,606 sqft
    2024-03-01 0 days 1,645 sqft
    2024-04-01 0 days 1,627 sqft
    2024-05-01 0 days 1,581 sqft
    2024-06-01 0 days 1,573 sqft
    2024-07-01 0 days 1,570 sqft
    2024-08-01 0 days 1,573 sqft
    2024-09-01 0 days 1,606 sqft
    2024-10-01 0 days 1,802 sqft
    Farmington's median listing age (time on market) for 2024-10-01 was 0 days.

    Farmington's median square footage for active listings during the 2024-10-01 period was 1,802 sqft. One year prior, the average listing was 1,628 sqft.

    Farmington, MO Market Loan Reason

    Loan Purpose Originations Total Value Average Loan
    Home Purchase 811 $151,065,000 $186,270
    Cash Out Refi 112 $16,370,000 $146,161
    Home Improvement 108 $8,940,000 $82,778
    Refi 104 $18,820,000 $180,962
    Other 88 $5,650,000 $64,205

    Farmington's most frequently cited loan purpose was Home Purchase, with 811 originations. The 2nd most popular reason was Cash Out Refi, with 112 originations.

    Interest Rate Frequencies

    Loan Rate Originations Total Value Average Loan
    6-7% 459 $85,245,000 $185,719
    7-8% 357 $56,655,000 $158,697
    Over 8% 179 $20,965,000 $117,123
    5-6% 151 $30,625,000 $202,815
    <2.5% 7 $35,000 $5,000
    4-5% 5 $745,000 $149,000
    3-4% 4 $190,000 $47,500
    2.5-3% 1 $85,000 $85,000

    During 2023, Farmington's most frequently originated rate bucket was 6-7%, with 459 originations.

    Loan Sizing (Farmington, MO MSA)

    Loan Size Originations Total Value Average Loan
    $100k-200k 509 $73,725,000 $144,843
    $100,000 or less 392 $21,310,000 $54,362
    $200k-400k 274 $72,590,000 $264,927
    $400k-600k 35 $16,245,000 $464,143
    $600k-1000k 11 $7,745,000 $704,091
    $Over $1MM 2 $9,230,000 $4,615,000

    Farmington's loan sizing saw the bucket of loans from $100k-200k with 509 originations, totaling $73,725,000 in origination value.

    LTV Distribution

    Loan to Value Originations Total Value Average Loan
    80-100% 569 $112,475,000 $197,671
    60-80% 226 $50,690,000 $224,292
    Under 20% 133 $5,035,000 $37,857
    20-40% 119 $8,615,000 $72,395
    40-60% 88 $12,790,000 $145,341
    Over 100% 27 $4,725,000 $175,000

    Farmington's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 569 originations, totaling $112,475,000 in origination value.