GADSDEN Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in Gadsden averaged
6.78%
for the week of 2023-03-23, compared to the national average of
6.42% for the same period.
The average rate for the prior week (2023-03-16) was
6.86% and
one month ago for the week of 2023-02-16, the
average rate was 6.38%.
Gadsden's average rate one year ago was 3.83%.
For refis of the same type during the week of 2023-03-23, the average rate
was 6.57%.
| Loan Type | Date | Rate |
|---|---|---|
| US 30 Year Fixed Rate | 2023-03-23 | 6.42% |
| Gadsden 30 Year Fixed Rate | 2023-03-23 | 6.78% |
| Gadsden 30 Year Fixed Rate Refi | 2023-03-23 | 6.57% |
| Gadsden 15 Year Fixed Rate | 2023-03-23 | 6.6% |
| Gadsden 15 Year Fixed Rate Refi | 2023-03-23 | 6.69% |
| Gadsden 30 Year FHA | 2023-03-23 | 6.22% |
| Gadsden 30 Year FHA Refi | 2023-03-23 | 6.12% |
| Gadsden 30 Year USDA | 2023-03-23 | 6.4% |
| Gadsden 30 Year USDA Refi | 2023-03-23 | 5.97% |
| Gadsden 30 Year VA | 2023-03-23 | 6.34% |
| Gadsden 30 Year VA Refi | 2023-03-23 | 5.83% |
GADSDEN 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 GADSDEN, 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.).
GADSDEN Average Closing Costs & Other Stats
GADSDEN, AL's 104 lenders originated 2,207
loans during 2022. The total origination value was $397,925,000, with an average loan value of
$180,301.
GADSDEN's average closing costs are $4,208.
The top GADSDEN lender as defined by loan originations is FAIRWAY INDEPENDENT MORTGAGE CORPORATION, with
71 loans originated. Their average total fees are
$4,237, which is $350
lower than the next largest lender,
First Federal Bank, A FSB.
The lowest fee GADSDEN lenders (with over 10 loans originated) are
ALABAMA TEACHERS ($2,279), Regions Bank ($3,355), MORTGAGE INVESTORS GROUP, INC. ($3,710), Wells Fargo Bank ($4,006) and Renasant Bank ($4,121).
The lowest rate GADSDEN lenders (with over 10 loans originated) are
ALABAMA TEACHERS (3.97%), MORTGAGE INVESTORS GROUP, INC. (4.65%), QUICKEN LOANS, LLC (4.79%), MOVEMENT MORTGAGE, LLC (4.85%) and River Bank & Trust (4.88%).
GADSDEN, 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 | 2021 Loan Value | 2022 Loan Value | % Change | 2022 Market Share |
|---|---|---|---|---|
| FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $41,530,000 | $35,200,000 | -15.2% | 8.8% |
| Merchants Bank of Indiana | $26,980,000 | n/a | 6.8% | |
| First Federal Bank, A FSB | $35,300,000 | $24,500,000 | -30.6% | 6.2% |
| ALABAMA TEACHERS | $25,075,000 | $21,515,000 | -14.2% | 5.4% |
| QUICKEN LOANS, LLC | $33,940,000 | $20,930,000 | -38.3% | 5.3% |
| Renasant Bank | $34,155,000 | $18,505,000 | -45.8% | 4.7% |
| Regions Bank | $20,915,000 | $16,535,000 | -20.9% | 4.2% |
| River Bank & Trust | $8,530,000 | $15,255,000 | 78.8% | 3.8% |
| ServisFirst Bank | $14,365,000 | n/a | 3.6% | |
| FAMILY SAVINGS | $5,730,000 | $11,180,000 | 95.1% | 2.8% |
| GUILD MORTGAGE COMPANY | $16,900,000 | $10,970,000 | -35.1% | 2.8% |
| MORTGAGE INVESTORS GROUP, INC. | $20,120,000 | $10,445,000 | -48.1% | 2.6% |
| The Exchange Bank of Alabama | $13,930,000 | $9,770,000 | -29.9% | 2.5% |
| Mortgage Research Center, LLC | $7,155,000 | $7,900,000 | 10.4% | 2.0% |
| UNITED WHOLESALE MORTGAGE, LLC | $5,910,000 | $7,360,000 | 24.5% | 1.8% |
| PENNYMAC LOAN SERVICES, LLC | $12,650,000 | $6,875,000 | -45.7% | 1.7% |
| LOANDEPOT.COM, LLC | $7,135,000 | $5,805,000 | -18.6% | 1.5% |
| Capital One | $5,515,000 | n/a | 1.4% | |
| Goldwater Bank, N.A. | $7,435,000 | $4,970,000 | -33.2% | 1.2% |
| Wells Fargo Bank | $7,795,000 | $4,440,000 | -43.0% | 1.1% |
| Ameris Bank | $4,075,000 | $4,220,000 | 3.6% | 1.1% |
| TJC Mortgage, Inc. | $5,755,000 | $4,125,000 | -28.3% | 1.0% |
| FirstBank | $7,195,000 | $4,110,000 | -42.9% | 1.0% |
| DHI MORTGAGE COMPANY, LTD. | $3,795,000 | n/a | 1.0% | |
| FREEDOM MORTGAGE CORPORATION | $14,825,000 | $3,125,000 | -78.9% | 0.8% |
| Metro Bank | $2,615,000 | $3,125,000 | 19.5% | 0.8% |
| GMFS LLC | $11,625,000 | $3,105,000 | -73.3% | 0.8% |
| MOVEMENT MORTGAGE, LLC | $350,000 | $3,065,000 | 775.7% | 0.8% |
| NAVY FEDERAL CREDIT UNION | $3,725,000 | $3,055,000 | -18.0% | 0.8% |
| BancorpSouth Bank | $2,490,000 | $2,990,000 | 20.1% | 0.8% |
| HUNT MORTGAGE CORPORATION | $1,745,000 | $2,950,000 | 69.1% | 0.7% |
| Mr. Cooper ( Nationstar Mortgage ) | $5,380,000 | $2,840,000 | -47.2% | 0.7% |
| HOME POINT FINANCIAL CORPORATION | $2,825,000 | $2,280,000 | -19.3% | 0.6% |
| Liberty Bank | $1,500,000 | $2,230,000 | 48.7% | 0.6% |
| VANDERBILT MORTGAGE AND FINANCE, INC. | $4,770,000 | $2,085,000 | -56.3% | 0.5% |
| PNC Bank | $1,550,000 | $2,060,000 | 32.9% | 0.5% |
| Truist | $3,840,000 | $1,980,000 | -48.4% | 0.5% |
| USAA Federal Savings Bank | $960,000 | $1,950,000 | 103.1% | 0.5% |
| HOMESTAR FINANCIAL CORPORATION | $1,175,000 | $1,855,000 | 57.9% | 0.5% |
| CALIBER HOME LOANS, INC. | $4,540,000 | $1,800,000 | -60.4% | 0.5% |
| BROKER SOLUTIONS, INC. | $800,000 | $1,750,000 | 118.8% | 0.4% |
| AMERISAVE MORTGAGE CORPORATION | $4,445,000 | $1,740,000 | -60.9% | 0.4% |
| The Hometown Bank of Alabama | $850,000 | $1,595,000 | 87.6% | 0.4% |
| REDSTONE Federal Credit Union | $1,765,000 | $1,540,000 | -12.7% | 0.4% |
| CERTAINTY HOME LOANS, LLC | $2,040,000 | $1,515,000 | -25.7% | 0.4% |
| 21ST MORTGAGE CORPORATION | $1,155,000 | $1,275,000 | 10.4% | 0.3% |
| NEWREZ LLC | $2,150,000 | $1,275,000 | -40.7% | 0.3% |
| ACOPIA, LLC | $3,510,000 | $1,225,000 | -65.1% | 0.3% |
| CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP | $1,350,000 | $1,220,000 | -9.6% | 0.3% |
| LAKEVIEW LOAN SERVICING, LLC | $3,735,000 | $1,210,000 | -67.6% | 0.3% |
| NEW DAY FINANCIAL, LLC | $1,105,000 | $1,195,000 | 8.1% | 0.3% |
| Peoples Bank of Alabama | $9,655,000 | $1,165,000 | -87.9% | 0.3% |
| JPMorgan Chase Bank | $830,000 | $1,145,000 | 38.0% | 0.3% |
| HONDA Federal Credit Union | $1,885,000 | $1,110,000 | -41.1% | 0.3% |
| AMERICA'S FIRST | $210,000 | $1,070,000 | 409.5% | 0.3% |
| Flagstar Bank, FSB | $1,775,000 | $915,000 | -48.5% | 0.2% |
| SUCCESS MORTGAGE PARTNERS, INC. | $1,170,000 | $910,000 | -22.2% | 0.2% |
| ISERVE RESIDENTIAL LENDING, LLC | $915,000 | $845,000 | -7.7% | 0.2% |
| SOUTHWEST FUNDING, LP | $1,995,000 | $825,000 | -58.6% | 0.2% |
| Trustmark National Bank | $2,405,000 | $815,000 | -66.1% | 0.2% |
| First Southern Bank | $810,000 | n/a | 0.2% | |
| EVERETT FINANCIAL, INC. | $800,000 | n/a | 0.2% | |
| Consumer First Mortgage, Inc. | $1,060,000 | $795,000 | -25.0% | 0.2% |
| THE MORTGAGE FIRM, INC. | $195,000 | $790,000 | 305.1% | 0.2% |
| CMG MORTGAGE, INC. | $175,000 | $775,000 | 342.9% | 0.2% |
| CROSSCOUNTRY MORTGAGE, LLC | $1,070,000 | $765,000 | -28.5% | 0.2% |
| AMERIFIRST FINANCIAL CORPORATION | $115,000 | $750,000 | 552.2% | 0.2% |
| Fifth Third Bank | $750,000 | n/a | 0.2% | |
| APCO EMPLOYEES | $1,370,000 | $730,000 | -46.7% | 0.2% |
| Fort McClellan Credit Union | $175,000 | $700,000 | 300.0% | 0.2% |
| EvaBank | $210,000 | $685,000 | 226.2% | 0.2% |
| HOMESIDE FINANCIAL, LLC | $435,000 | $685,000 | 57.5% | 0.2% |
| SouthPoint Bank | $845,000 | $665,000 | -21.3% | 0.2% |
| Carrington Mortgage Services, LLC | $1,225,000 | $655,000 | -46.5% | 0.2% |
| Citizens Bank & Trust | $25,000 | $655,000 | 2,520.0% | 0.2% |
| MORTGAGE SOLUTIONS OF COLORADO, LLC | $655,000 | n/a | 0.2% | |
| Wyndham Capital Mortgage, Inc. | $650,000 | n/a | 0.2% | |
| TRIAD FINANCIAL SERVICES, INC. | $570,000 | $645,000 | 13.2% | 0.2% |
| Citizens Bank | $985,000 | $640,000 | -35.0% | 0.2% |
| GUARANTY HOME MORTGAGE CORPORATION | $1,080,000 | $605,000 | -44.0% | 0.2% |
| AOD Federal Credit Union | $280,000 | $600,000 | 114.3% | 0.2% |
| MUTUAL OF OMAHA MORTGAGE, INC. | $645,000 | $595,000 | -7.8% | 0.1% |
| U.S. Bank | $1,550,000 | $585,000 | -62.3% | 0.1% |
| Paramount Bank | $580,000 | n/a | 0.1% | |
| FBC MORTGAGE, LLC | $960,000 | $555,000 | -42.2% | 0.1% |
| South State Bank | $1,175,000 | $540,000 | -54.0% | 0.1% |
| BAYSHORE MORTGAGE FUNDING, LLC | $375,000 | $535,000 | 42.7% | 0.1% |
| Assurance Financial Group, L.L.C. | $620,000 | $530,000 | -14.5% | 0.1% |
| NobleBank & Trust | $225,000 | $520,000 | 131.1% | 0.1% |
| Hometown Lenders, Inc. | $2,215,000 | $505,000 | -77.2% | 0.1% |
| Synovus Bank | $335,000 | $500,000 | 49.3% | 0.1% |
| Charles Schwab Bank, SSB | $485,000 | n/a | 0.1% | |
| Northpointe Bank | $890,000 | $480,000 | -46.1% | 0.1% |
| ZILLOW HOME LOANS, LLC | $145,000 | $480,000 | 231.0% | 0.1% |
| Traditions Bank | $445,000 | n/a | 0.1% | |
| NFM, INC. | $350,000 | $430,000 | 22.9% | 0.1% |
| BETTER MORTGAGE CORPORATION | $1,200,000 | $425,000 | -64.6% | 0.1% |
| First Bank of Alabama | $25,000 | $425,000 | 1,600.0% | 0.1% |
| Bank of England | $775,000 | $410,000 | -47.1% | 0.1% |
| North American Savings Bank, F.S.B. | $145,000 | $405,000 | 179.3% | 0.1% |
| Bryant Bank | $395,000 | n/a | 0.1% | |
| VILLAGE CAPITAL MORTGAGE | $1,215,000 | $395,000 | -67.5% | 0.1% |
| PHH Mortgage Corporation | $315,000 | $390,000 | 23.8% | 0.1% |
| INSPIRE HOME LOANS INC. | $350,000 | n/a | 0.1% | |
| BECKAM FUNDING CORP. | $345,000 | n/a | 0.1% | |
| ALABAMA CREDIT UNION | $215,000 | $325,000 | 51.2% | 0.1% |
| HOMEBRIDGE FINANCIAL SERVICES, INC. | $460,000 | $320,000 | -30.4% | 0.1% |
| Alabama One Credit Union | $315,000 | n/a | 0.1% | |
| Florida Capital Bank | $295,000 | n/a | 0.1% | |
| RELIANCE FIRST CAPITAL, LLC | $290,000 | n/a | 0.1% | |
| Gateway First Bank | $285,000 | n/a | 0.1% | |
| SPRING EQ, LLC | $285,000 | n/a | 0.1% | |
| Ally Bank | $1,460,000 | $280,000 | -80.8% | 0.1% |
| Investar Bank | $240,000 | $265,000 | 10.4% | 0.1% |
| FIRST COMMUNITY MORTGAGE, INC. | $1,800,000 | $260,000 | -85.6% | 0.1% |
| Discover Bank | $160,000 | $255,000 | 59.4% | 0.1% |
| COUNTRYPLACE MORTGAGE, LTD. | $405,000 | $250,000 | -38.3% | 0.1% |
| PRIMARY RESIDENTIAL MORTGAGE, INC. | $215,000 | $245,000 | 14.0% | 0.1% |
| Prosperity Home Mortgage, LLC | $715,000 | $245,000 | -65.7% | 0.1% |
| ROYAL UNITED MORTGAGE LLC | $810,000 | $245,000 | -69.8% | 0.1% |
| CSL Financial, LLC | $210,000 | $235,000 | 11.9% | 0.1% |
| United Community Bank | $230,000 | n/a | 0.1% | |
| AlaTrust Credit Union | $225,000 | n/a | 0.1% | |
| AmRes Corporation | $225,000 | n/a | 0.1% | |
| TVA Community Credit Union | $220,000 | n/a | 0.1% | |
| F&A Federal Credit Union | $215,000 | n/a | 0.1% | |
| Barrington Bank & Trust Company, N.A. | $130,000 | $210,000 | 61.5% | 0.1% |
| LENDINGONE, LLC | $210,000 | n/a | 0.1% | |
| SECURITYNATIONAL MORTGAGE COMPANY | $210,000 | n/a | 0.1% | |
| DIRECT LENDERS, LLC | $205,000 | n/a | 0.1% | |
| SOUTHWEST STAGE FUNDING, LLC | $195,000 | n/a | 0.0% | |
| Community Mortgage Banc Corporation | $185,000 | n/a | 0.0% | |
| Credence Funding Corporation | $185,000 | n/a | 0.0% | |
| AMERICAN FINANCING CORPORATION | $365,000 | $175,000 | -52.1% | 0.0% |
| Blue Ridge Bank | $175,000 | n/a | 0.0% | |
| Family Security Credit Union | $815,000 | $170,000 | -79.1% | 0.0% |
| Nations Lending Corporation | $490,000 | $170,000 | -65.3% | 0.0% |
| Colten Mortgage, LLC | $165,000 | n/a | 0.0% | |
| AMERICAN FINANCIAL RESOURCES, INC. | $440,000 | $155,000 | -64.8% | 0.0% |
| First Guaranty Mortgage Corporation | $765,000 | $145,000 | -81.0% | 0.0% |
| Hamilton Mortgage Corporation | $105,000 | $145,000 | 38.1% | 0.0% |
| REVERSE MORTGAGE FUNDING LLC | $145,000 | n/a | 0.0% | |
| GUARANTEED RATE, INC. | $310,000 | $140,000 | -54.8% | 0.0% |
| AVADIAN | $290,000 | $135,000 | -53.4% | 0.0% |
| CIS Financial Services, Inc. | $165,000 | $135,000 | -18.2% | 0.0% |
| FLAT BRANCH MORTGAGE, INC. | $135,000 | n/a | 0.0% | |
| MICHIGAN MUTUAL, INC. | $125,000 | $135,000 | 8.0% | 0.0% |
| UNION HOME MORTGAGE CORP. | $195,000 | $135,000 | -30.8% | 0.0% |
| LAND HOME FINANCIAL SERVICES, INC. | $125,000 | n/a | 0.0% | |
| M&T Bank | $575,000 | $125,000 | -78.3% | 0.0% |
| NETWORK CAPITAL FUNDING CORPORATION | $125,000 | n/a | 0.0% | |
| GENEVA FINANCIAL, LLC | $120,000 | n/a | 0.0% | |
| PENTAGON FEDERAL CREDIT UNION | $455,000 | $120,000 | -73.6% | 0.0% |
| ATHAS CAPITAL GROUP, INC. | $115,000 | n/a | 0.0% | |
| ATLANTIC BAY MORTGAGE GROUP, L.L.C. | $115,000 | n/a | 0.0% | |
| MID AMERICA MORTGAGE, INC. | $370,000 | $115,000 | -68.9% | 0.0% |
| INTERLINC MORTGAGE SERVICES, LLC | $730,000 | $105,000 | -85.6% | 0.0% |
| Bank of America | $2,025,000 | $95,000 | -95.3% | 0.0% |
| GEORGIA'S OWN | $95,000 | n/a | 0.0% | |
| LEADERONE FINANCIAL CORPORATION | $570,000 | $95,000 | -83.3% | 0.0% |
| RUOFF MORTGAGE COMPANY, INC. | $235,000 | $95,000 | -59.6% | 0.0% |
| German American Bank | $85,000 | n/a | 0.0% | |
| Beeline Loans, Inc. | $65,000 | n/a | 0.0% | |
| FAY SERVICING, LLC | $65,000 | n/a | 0.0% | |
| First Internet Bank of Indiana | $235,000 | $65,000 | -72.3% | 0.0% |
| QUORUM FEDERAL CREDIT UNION | $65,000 | n/a | 0.0% | |
| Mutual Savings Credit Union | $360,000 | $45,000 | -87.5% | 0.0% |
| AMERICAN ADVISORS GROUP | $235,000 | $40,000 | -83.0% | 0.0% |
| Progress Bank and Trust | $885,000 | $35,000 | -96.0% | 0.0% |
GADSDEN's top lender by overall market share is FAIRWAY INDEPENDENT MORTGAGE CORPORATION, with 8.8% market share. In second place, with 6.8%, is Merchants Bank of Indiana, having originated $26,980,000 in loans. In third place, with 6.2%, is First Federal Bank, A FSB, having originated $24,500,000 in loans. In fourth place, with 5.4%, is ALABAMA TEACHERS, having originated $21,515,000 in loans. In fifth place, with 5.3%, is QUICKEN LOANS, LLC, having originated $20,930,000 in loans.
GADSDEN Housing Market Trends (Median, Average Prices & Listing Count)
Realtor.com - GADSDEN (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 | $148,450 (8.4%) | $189,116 (9.4%) | 0.00 | 450 |
| 2018-02-01 | $152,738 (13.0%) | $192,205 (11.1%) | 0.00 | 449 |
| 2018-03-01 | $155,000 (5.4%) | $193,312 (6.6%) | 0.00 | 455 |
| 2018-04-01 | $155,175 (3.5%) | $191,110 (1.6%) | 0.00 | 472 |
| 2018-05-01 | $149,700 (-0.1%) | $187,542 (-0.9%) | 0.00 | 473 |
| 2018-06-01 | $149,900 (0.0%) | $191,817 (2.1%) | 0.00 | 475 |
| 2018-07-01 | $149,900 (0.0%) | $192,571 (4.0%) | 0.00 | 508 |
| 2018-08-01 | $149,900 (0.4%) | $189,307 (1.9%) | 0.00 | 517 |
| 2018-09-01 | $159,900 (4.0%) | $195,883 (2.4%) | 0.00 | 521 |
| 2018-10-01 | $159,900 (3.2%) | $195,499 (2.6%) | 0.00 | 522 |
| 2018-11-01 | $159,900 (3.4%) | $195,784 (2.2%) | 0.00 | 500 |
| 2018-12-01 | $155,900 (4.0%) | $193,873 (3.2%) | 0.00 | 473 |
| 2019-01-01 | $149,900 (1.0%) | $191,527 (1.3%) | 0.00 | 449 |
| 2019-02-01 | $149,675 (-2.0%) | $188,608 (-1.9%) | 0.00 | 438 |
| 2019-03-01 | $155,757 (0.5%) | $194,027 (0.4%) | 0.00 | 422 |
| 2019-04-01 | $164,900 (6.3%) | $198,637 (3.9%) | 0.00 | 404 |
| 2019-05-01 | $169,900 (13.5%) | $204,806 (9.2%) | 0.00 | 397 |
| 2019-06-01 | $174,700 (16.5%) | $204,496 (6.6%) | 0.00 | 399 |
| 2019-07-01 | $174,900 (16.7%) | $207,933 (8.0%) | 0.00 | 412 |
| 2019-08-01 | $169,936 (13.4%) | $206,204 (8.9%) | 0.00 | 419 |
| 2019-09-01 | $164,291 (2.8%) | $205,032 (4.7%) | 0.00 | 427 |
| 2019-10-01 | $160,527 (0.4%) | $204,334 (4.5%) | 0.00 | 432 |
| 2019-11-01 | $169,900 (6.3%) | $208,471 (6.5%) | 0.00 | 403 |
| 2019-12-01 | $169,900 (9.0%) | $211,146 (8.9%) | 0.00 | 381 |
| 2020-01-01 | $169,900 (13.3%) | $213,650 (11.6%) | 0.00 | 368 |
| 2020-02-01 | $165,000 (10.2%) | $208,079 (10.3%) | 0.00 | 355 |
| 2020-03-01 | $179,900 (15.5%) | $218,205 (12.5%) | 0.00 | 311 |
| 2020-04-01 | $183,075 (11.0%) | $222,147 (11.8%) | 0.00 | 299 |
| 2020-05-01 | $179,900 (5.9%) | $223,599 (9.2%) | 0.00 | 289 |
| 2020-06-01 | $184,425 (5.6%) | $227,804 (11.4%) | 0.00 | 268 |
| 2020-07-01 | $189,900 (8.6%) | $234,581 (12.8%) | 0.00 | 266 |
| 2020-08-01 | $175,000 (3.0%) | $231,744 (12.4%) | 0.00 | 242 |
| 2020-09-01 | $172,400 (4.9%) | $229,737 (12.1%) | 0.00 | 214 |
| 2020-10-01 | $169,900 (5.8%) | $227,044 (11.1%) | 0.00 | 213 |
| 2020-11-01 | $169,900 (0.0%) | $229,932 (10.3%) | 0.00 | 206 |
| 2020-12-01 | $169,900 (0.0%) | $230,414 (9.1%) | 0.00 | 202 |
| 2021-01-01 | $168,900 (-0.6%) | $232,090 (8.6%) | 0.00 | 173 |
| 2021-02-01 | $177,450 (7.6%) | $243,861 (17.2%) | 0.00 | 136 |
| 2021-03-01 | $185,550 (3.1%) | $251,617 (15.3%) | 0.00 | 127 |
| 2021-04-01 | $188,900 (3.2%) | $253,225 (14.0%) | 0.00 | 136 |
| 2021-05-01 | $187,900 (4.5%) | $260,142 (16.3%) | 0.00 | 118 |
| 2021-06-01 | $206,250 (11.8%) | $265,990 (16.8%) | 0.00 | 128 |
| 2021-07-01 | $229,900 (21.1%) | $264,011 (12.6%) | 0.00 | 167 |
| 2021-08-01 | $231,150 (32.1%) | $273,704 (18.1%) | 0.00 | 170 |
| 2021-09-01 | $222,475 (29.1%) | $272,359 (18.6%) | 0.00 | 166 |
| 2021-10-01 | $199,900 (17.7%) | $258,212 (13.7%) | 0.00 | 160 |
| 2021-11-01 | $199,900 (17.7%) | $239,881 (4.3%) | 0.00 | 160 |
| 2021-12-01 | $189,900 (11.8%) | $233,642 (1.4%) | 0.00 | 155 |
| 2022-01-01 | $198,000 (17.2%) | $247,562 (6.7%) | 0.00 | 123 |
| 2022-02-01 | $205,725 (15.9%) | $247,703 (1.6%) | 0.00 | 101 |
| 2022-03-01 | $172,400 (-7.1%) | $198,875 (-21.0%) | 0.00 | 128 |
| 2022-04-01 | $189,900 (0.5%) | $215,856 (-14.8%) | 0.00 | 120 |
| 2022-05-01 | $229,925 (22.4%) | $258,654 (-0.6%) | 0.00 | 162 |
| 2022-06-01 | $219,900 (6.6%) | $266,955 (0.4%) | 0.00 | 172 |
| 2022-07-01 | $224,900 (-2.2%) | $245,569 (-7.0%) | 0.00 | 203 |
| 2022-08-01 | $229,945 (-0.5%) | $256,177 (-6.4%) | 0.00 | 213 |
| 2022-09-01 | $227,000 (2.0%) | $264,485 (-2.9%) | 0.00 | 230 |
| 2022-10-01 | $225,000 (12.6%) | $258,822 (0.2%) | 0.00 | 233 |
| 2022-11-01 | $225,000 (12.6%) | $259,162 (8.0%) | 0.00 | 243 |
| 2022-12-01 | $225,900 (19.0%) | $259,629 (11.1%) | 0.00 | 220 |
| 2023-01-01 | $224,900 (13.6%) | $255,285 (3.1%) | 0.00 | 191 |
| 2023-02-01 | $224,950 (9.3%) | $258,429 (4.3%) | 0.00 | 190 |
GADSDEN's median listing price comes in at 0% of the national average.
GADSDEN's average listing price for 2023-02-01 was $258,429, a difference of $10,726 (4.3%) versus the prior year and $3,144 versus the prior month.
For the 2023-02-01 period, GADSDEN had 190 MLS listings, a difference of -1 listings (-1%) versus the prior month and 89 listings (88%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - GADSDEN (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis| Date | Median Listing Time on Market | Median Square Footage |
|---|---|---|
| 2018-01-01 | 0 days | 1,884 sqft |
| 2018-02-01 | 0 days | 1,900 sqft |
| 2018-03-01 | 0 days | 1,900 sqft |
| 2018-04-01 | 0 days | 1,897 sqft |
| 2018-05-01 | 0 days | 1,879 sqft |
| 2018-06-01 | 0 days | 1,900 sqft |
| 2018-07-01 | 0 days | 1,900 sqft |
| 2018-08-01 | 0 days | 1,872 sqft |
| 2018-09-01 | 0 days | 1,900 sqft |
| 2018-10-01 | 0 days | 1,900 sqft |
| 2018-11-01 | 0 days | 1,900 sqft |
| 2018-12-01 | 0 days | 1,900 sqft |
| 2019-01-01 | 0 days | 1,891 sqft |
| 2019-02-01 | 0 days | 1,885 sqft |
| 2019-03-01 | 0 days | 1,942 sqft |
| 2019-04-01 | 0 days | 2,000 sqft |
| 2019-05-01 | 0 days | 2,028 sqft |
| 2019-06-01 | 0 days | 2,084 sqft |
| 2019-07-01 | 0 days | 2,091 sqft |
| 2019-08-01 | 0 days | 2,067 sqft |
| 2019-09-01 | 0 days | 2,038 sqft |
| 2019-10-01 | 0 days | 2,022 sqft |
| 2019-11-01 | 0 days | 2,053 sqft |
| 2019-12-01 | 0 days | 2,064 sqft |
| 2020-01-01 | 0 days | 2,009 sqft |
| 2020-02-01 | 0 days | 2,000 sqft |
| 2020-03-01 | 0 days | 2,075 sqft |
| 2020-04-01 | 0 days | 2,110 sqft |
| 2020-05-01 | 0 days | 2,110 sqft |
| 2020-06-01 | 0 days | 2,118 sqft |
| 2020-07-01 | 0 days | 2,160 sqft |
| 2020-08-01 | 0 days | 2,100 sqft |
| 2020-09-01 | 0 days | 2,053 sqft |
| 2020-10-01 | 0 days | 2,035 sqft |
| 2020-11-01 | 0 days | 2,086 sqft |
| 2020-12-01 | 0 days | 2,021 sqft |
| 2021-01-01 | 0 days | 2,000 sqft |
| 2021-02-01 | 0 days | 2,064 sqft |
| 2021-03-01 | 0 days | 2,145 sqft |
| 2021-04-01 | 0 days | 2,120 sqft |
| 2021-05-01 | 0 days | 2,095 sqft |
| 2021-06-01 | 0 days | 2,100 sqft |
| 2021-07-01 | 0 days | 2,100 sqft |
| 2021-08-01 | 0 days | 2,094 sqft |
| 2021-09-01 | 0 days | 2,058 sqft |
| 2021-10-01 | 0 days | 2,045 sqft |
| 2021-11-01 | 0 days | 1,998 sqft |
| 2021-12-01 | 0 days | 1,992 sqft |
| 2022-01-01 | 0 days | 1,945 sqft |
| 2022-02-01 | 0 days | 1,973 sqft |
| 2022-03-01 | 0 days | 1,740 sqft |
| 2022-04-01 | 0 days | 1,915 sqft |
| 2022-05-01 | 0 days | 1,919 sqft |
| 2022-06-01 | 0 days | 1,917 sqft |
| 2022-07-01 | 0 days | 1,936 sqft |
| 2022-08-01 | 0 days | 1,938 sqft |
| 2022-09-01 | 0 days | 1,932 sqft |
| 2022-10-01 | 0 days | 1,908 sqft |
| 2022-11-01 | 0 days | 1,975 sqft |
| 2022-12-01 | 0 days | 1,975 sqft |
| 2023-01-01 | 0 days | 1,970 sqft |
| 2023-02-01 | 0 days | 1,970 sqft |
GADSDEN's median square footage for active listings during the 2023-02-01 period was 1,970 sqft. One year prior, the average listing was 1,973 sqft.
GADSDEN, AL Average Rent (2023)
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| Zip Code | Metro | Studio Apartment Rent | 1BR Apartment Rent | 2BR Apartment Rent | 3BR Apartment Rent | 4BR Apartment Rent |
|---|---|---|---|---|---|---|
| 35121 | Gadsden, AL | $740 | $790 | $910 | $1,180 | $1,270 |
| 35901 | Gadsden, AL | $540 | $580 | $710 | $890 | $960 |
| 35902 | Gadsden, AL | $550 | $580 | $710 | $890 | $970 |
| 35903 | Gadsden, AL | $740 | $790 | $910 | $1,180 | $1,270 |
| 35904 | Gadsden, AL | $540 | $580 | $710 | $890 | $960 |
| 35905 | Gadsden, AL | $540 | $570 | $710 | $890 | $990 |
| 35906 | Gadsden, AL | $740 | $790 | $910 | $1,180 | $1,270 |
| 35907 | Gadsden, AL | $710 | $750 | $920 | $1,160 | $1,260 |
| 35952 | Gadsden, AL | $740 | $790 | $910 | $1,180 | $1,270 |
| 35954 | Gadsden, AL | $540 | $580 | $710 | $890 | $960 |
| 35956 | Gadsden, AL | $550 | $580 | $710 | $890 | $970 |
| 35957 | Gadsden, AL | $740 | $790 | $910 | $1,180 | $1,270 |
| 35961 | Gadsden, AL | $540 | $580 | $710 | $890 | $960 |
| 35972 | Gadsden, AL | $740 | $790 | $910 | $1,180 | $1,270 |
| 35990 | Gadsden, AL | $550 | $590 | $710 | $900 | $970 |
| 36271 | Gadsden, AL | $550 | $550 | $730 | $970 | $1,090 |
| 36272 | Gadsden, AL | $530 | $540 | $710 | $930 | $1,040 |
2022 Average & Median Rent Data Statistics
GADSDEN, AL average 1BR rent: $660, median: $580
GADSDEN, AL average 2BR rent: $794, median: $710
GADSDEN, AL average 3BR rent: $1,016, median: $930
GADSDEN, AL Market Loan Reason
| Loan Purpose | Originations | Total Value | Average Loan |
|---|---|---|---|
| Home Purchase | 1,184 | $238,630,000 | $201,546 |
| Cash Out Refi | 397 | $64,555,000 | $162,607 |
| Refi | 297 | $65,915,000 | $221,936 |
| Other | 225 | $15,825,000 | $70,333 |
| Home Improvement | 102 | $12,880,000 | $126,275 |
| NA | 2 | $120,000 | $60,000 |
Gadsden's most frequently cited loan purpose was Home Purchase, with 1,184 originations. The 2nd most popular reason was Cash Out Refi, with 397 originations.
Interest Rate Frequencies
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 5-6% | 540 | $85,820,000 | $158,926 |
| 4-5% | 512 | $114,410,000 | $223,457 |
| 3-4% | 478 | $95,840,000 | $200,502 |
| 6-7% | 249 | $37,835,000 | $151,948 |
| 2.5-3% | 113 | $17,595,000 | $155,708 |
| 7-8% | 87 | $9,715,000 | $111,667 |
| Over 8% | 40 | $2,670,000 | $66,750 |
| <2.5% | 36 | $5,880,000 | $163,333 |
During 2022, Gadsden's most frequently originated rate bucket was 5-6%, with 540 originations.
Loan Sizing (GADSDEN, AL MSA)
| Loan Size | Originations | Total Value | Average Loan |
|---|---|---|---|
| $100k-200k | 880 | $127,540,000 | $144,932 |
| $100,000 or less | 709 | $40,855,000 | $57,623 |
| $200k-400k | 542 | $143,850,000 | $265,406 |
| $400k-600k | 57 | $26,865,000 | $471,316 |
| $600k-1000k | 11 | $8,035,000 | $730,455 |
| $Over $1MM | 8 | $50,780,000 | $6,347,500 |
GADSDEN's loan sizing saw the bucket of loans from $100k-200k with 880 originations, totaling $127,540,000 in origination value.
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan |
|---|---|---|---|
| 80-100% | 980 | $204,430,000 | $208,602 |
| 60-80% | 468 | $106,900,000 | $228,419 |
| 40-60% | 214 | $27,360,000 | $127,850 |
| Under 20% | 185 | $13,895,000 | $75,108 |
| 20-40% | 162 | $11,900,000 | $73,457 |
| Over 100% | 36 | $9,310,000 | $258,611 |
GADSDEN's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 980 originations, totaling $204,430,000 in origination value.