GREAT FALLS 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 Great Falls averaged 7.18% for the week of 2023-09-14, compared to the national average of 7.18% for the same period.

    The average rate for the prior week (2023-09-07) was 6.72% and one month ago for the week of 2023-08-10, the average rate was 6.56%.

    Great Falls's average rate one year ago was 5.79%.

    For refis of the same type during the week of 2023-09-14, the average rate was 6.62%.

    Loan Type Date Rate
    US 30 Year Fixed Rate 2023-09-14 7.18%
    Great Falls 30 Year Fixed Rate 2023-09-14 7.18%
    Great Falls 30 Year Fixed Rate Refi 2023-09-14 6.62%
    Great Falls 15 Year Fixed Rate 2023-09-14 6.41%
    Great Falls 15 Year Fixed Rate Refi 2023-09-14 6.41%
    Great Falls 30 Year FHA 2023-09-14 6.27%
    Great Falls 30 Year FHA Refi 2023-09-14 6.89%
    Great Falls 30 Year USDA 2023-09-14 7.08%
    Great Falls 30 Year USDA Refi 2023-09-14 7.18%
    Great Falls 30 Year VA 2023-09-14 6.59%
    Great Falls 30 Year VA Refi 2023-09-14 6.71%
    Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations within GREAT FALLS, MT.

    GREAT FALLS 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 GREAT FALLS, MT 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
    Stockman Bank of Montana 198 5.09% $5,455
    Opportunity Bank of Montana 112 5.08% $5,453
    MANN FINANCIAL INC. 62 5.21% $6,122
    QUICKEN LOANS, LLC 49 5.03% $6,889
    American Bank Center 36 4.36% $5,585
    Wells Fargo Bank 30 4.58% $4,216
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 28 5.13% $6,144
    Flagstar Bank, FSB 22 5.24% $6,053
    U.S. Bank 20 5.02% $6,216
    Montana Federal Credit Union 17 5.10% $6,150
    UNIVERSAL LENDING CORPORATION 15 5.10% $6,855
    First Interstate Bank 13 4.80% $4,663
    LOANDEPOT.COM, LLC 13 4.52% $5,553
    GUARANTEED RATE, INC. 11 6.27% $6,690
    AMERISAVE MORTGAGE CORPORATION 9 4.26% $8,872
    UNITED WHOLESALE MORTGAGE, LLC 7 5.05% $4,559
    Paramount Residential Mortgage Group, Inc. 7 5.34% $8,232
    Glacier Bank 7 4.45% $6,505
    JPMorgan Chase Bank 6 4.37% $3,265
    Mr. Cooper ( Nationstar Mortgage ) 6 5.10% $5,614
    GUILD MORTGAGE COMPANY 6 4.56% $6,041
    FREEDOM MORTGAGE CORPORATION 5 4.62% $5,261
    CALIBER HOME LOANS, INC. 5 4.69% $8,196
    PENNYMAC LOAN SERVICES, LLC 5 4.32% $6,797
    LAKEVIEW LOAN SERVICING, LLC 5 5.45% $4,504
    HOMESTAR FINANCIAL CORPORATION 5 4.65% $4,340
    MORTGAGE 1 INCORPORATED 5 4.70% $5,977
    Citizens Bank 4 4.28% $5,292
    BROKER SOLUTIONS, INC. 4 4.00% $6,078
    CRESCENT MORTGAGE COMPANY 4 3.78% $8,874
    MUTUAL OF OMAHA MORTGAGE, INC. 3 5.92% $5,371
    Ally Bank 3 3.83% $6,327
    PLANET HOME LENDING, LLC 3 5.54% $5,325
    Morgan Stanley Private Bank 3 4.48% $4,095
    NEWREZ LLC 3 5.37% $5,542
    HOMEBRIDGE FINANCIAL SERVICES, INC. 3 6.50% $7,369
    BAY EQUITY LLC 2 5.38% $5,067
    AMERICAN FINANCING CORPORATION 2 3.25% $5,239
    Bank of England 2 3.63% $8,363
    1st Security Bank of Washington 2 4.88% $6,205
    BETTER MORTGAGE CORPORATION 2 5.00% $3,143
    BNC National Bank 2 5.50% $6,441
    CHERRY CREEK MORTGAGE, LLC 2 6.06% $1,694
    CHURCHILL MORTGAGE CORPORATION 2 4.44% $4,601
    CROSSCOUNTRY MORTGAGE, LLC 2 4.75% $5,704
    ENVOY MORTGAGE, LTD 2 4.50% $4,967
    GoPrime Mortgage, Inc. 2 4.62% $4,216
    HOME POINT FINANCIAL CORPORATION 2 5.93% $4,203
    Hometown Lenders, Inc. 2 4.63% $6,011
    LEADERONE FINANCIAL CORPORATION 2 6.06% $6,282
    Mortgage Research Center, LLC 2 5.49% $5,706
    MOUNTAIN AMERICA 2 4.88% $6,964
    NAVY FEDERAL CREDIT UNION 2 4.38% $2,859
    NexBank 2 5.75% $5,113
    PACIFIC RESIDENTIAL MORTGAGE, LLC 2 4.94% $5,107
    Plains Commerce Bank 2 6.44% $6,311
    Stifel Bank and Trust 2 4.06% $2,892
    The Central Trust Bank 2 6.06% $2,124
    The Huntington National Bank 2 4.10% $5,228
    Unify Home Lending Inc. 1 5.38% $5,252
    Deseret First Credit Union 1 4.88% $4,501
    CORNERSTONE HOME LENDING, INC. 1 5.63% $6,528
    Union Savings Bank 1 4.00% $3,022
    NBKC BANK 1 3.25% $1,251
    NETWORK CAPITAL FUNDING CORPORATION 1 4.88% $4,820
    Cornerstone First Mortgage, Inc 1 3.50% $4,216
    AMCAP MORTGAGE, LTD. 1 5.38% $6,989
    North American Savings Bank, F.S.B. 1 5.25% $2,466
    Northwest Farm Credit Services, FLCA 1 5.15% $13,186
    CLEARWATER Federal Credit Union 1 4.50% $6,124
    Altana Federal Credit Union 1 3.75% $9,371
    Charles Schwab Bank, SSB 1 4.30% $3,631
    Carrington Mortgage Services, LLC 1 5.25% $4,087
    USAA Federal Savings Bank 1 5.50% $5,806
    CANOPY MORTGAGE, LLC 1 4.88% $3,077
    PRIMELENDING, A PLAINSCAPITAL COMPANY 1 4.63% $9,031
    Blue Ridge Bank 1 5.00% $3,848
    Servion, Inc. 1 3.75% $9,371
    Sierra Pacific Mortgage Company, Inc. 1 5.25% $4,621
    AIR ACADEMY 1 3.38% $2,378
    AXIA FINANCIAL, LLC 1 3.00% $3,150
    SUMMIT FUNDING, INC. 1 3.50% $6,052
    ACADEMY MORTGAGE CORPORATION 1 6.00% $2,975
    IDAHO CENTRAL 1 3.88% $6,270
    KeyBank 1 4.25% $5,844
    HORIZON 1 6.13% $4,456
    ZILLOW HOME LOANS, LLC 1 5.50% $4,087
    Great Southern Bank 1 4.63% $4,889
    First Internet Bank of Indiana 1 5.13% $3,308
    First Guaranty Mortgage Corporation 1 4.25% $2,385
    Equity Prime Mortgage LLC 1 8.50% $21,124
    EMBRACE HOME LOANS, INC. 1 5.49% $3,588
    Truist 1 4.49% $5,979

    GREAT FALLS Average Closing Costs & Other Stats

    GREAT FALLS, MT's 93 lenders originated 2,195 loans during 2022. The total origination value was $539,235,000, with an average loan value of $245,665.

    GREAT FALLS's average closing costs are $5,480.

    The top GREAT FALLS lender as defined by loan originations is Stockman Bank of Montana, with 198 loans originated. Their average total fees are $5,455, which is $2 higher than the next largest lender, Opportunity Bank of Montana.

    The lowest fee GREAT FALLS lenders (with over 10 loans originated) are Wells Fargo Bank ($4,216), First Interstate Bank ($4,663), Opportunity Bank of Montana ($5,453), Stockman Bank of Montana ($5,455) and LOANDEPOT.COM, LLC ($5,553).

    The lowest rate GREAT FALLS lenders (with over 10 loans originated) are American Bank Center (4.36%), LOANDEPOT.COM, LLC (4.52%), Wells Fargo Bank (4.58%), First Interstate Bank (4.80%) and U.S. Bank (5.02%).

    GREAT FALLS, MT 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
    Stockman Bank of Montana $143,190,000 $100,000,000 -30.2% 18.5%
    Opportunity Bank of Montana $107,180,000 $67,180,000 -37.3% 12.5%
    GREYSTONE SERVICING COMPANY LLC $30,220,000 n/a 5.6%
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION $38,435,000 $27,465,000 -28.5% 5.1%
    MANN FINANCIAL INC. $48,260,000 $23,860,000 -50.6% 4.4%
    QUICKEN LOANS, LLC $52,170,000 $22,780,000 -56.3% 4.2%
    Mortgage Research Center, LLC $25,895,000 $21,260,000 -17.9% 3.9%
    American Bank Center $28,480,000 $20,745,000 -27.2% 3.8%
    Wells Fargo Bank $22,965,000 $17,260,000 -24.8% 3.2%
    U.S. Bank $19,890,000 $15,755,000 -20.8% 2.9%
    Montana Federal Credit Union $18,110,000 $13,835,000 -23.6% 2.6%
    Flagstar Bank, FSB $23,080,000 $12,245,000 -46.9% 2.3%
    USAA Federal Savings Bank $6,680,000 $9,025,000 35.1% 1.7%
    UNITED WHOLESALE MORTGAGE, LLC $6,805,000 $7,880,000 15.8% 1.5%
    First Interstate Bank $21,205,000 $7,800,000 -63.2% 1.4%
    FREEDOM MORTGAGE CORPORATION $39,615,000 $7,135,000 -82.0% 1.3%
    GUARANTEED RATE, INC. $6,280,000 n/a 1.2%
    Citizens Alliance Bank $5,385,000 $6,200,000 15.1% 1.1%
    UNIVERSAL LENDING CORPORATION $21,100,000 $6,115,000 -71.0% 1.1%
    LOANDEPOT.COM, LLC $14,305,000 $5,545,000 -61.2% 1.0%
    Paramount Residential Mortgage Group, Inc. $4,895,000 $5,525,000 12.9% 1.0%
    HORIZON $5,500,000 n/a 1.0%
    Glacier Bank $20,900,000 $5,010,000 -76.0% 0.9%
    NAVY FEDERAL CREDIT UNION $6,265,000 $4,250,000 -32.2% 0.8%
    AMERISAVE MORTGAGE CORPORATION $6,505,000 $4,215,000 -35.2% 0.8%
    HOMESTAR FINANCIAL CORPORATION $10,960,000 $3,765,000 -65.6% 0.7%
    PENNYMAC LOAN SERVICES, LLC $14,175,000 $3,320,000 -76.6% 0.6%
    Mr. Cooper ( Nationstar Mortgage ) $2,890,000 $3,060,000 5.9% 0.6%
    BROKER SOLUTIONS, INC. $1,220,000 $3,005,000 146.3% 0.6%
    NEW DAY FINANCIAL, LLC $7,020,000 $2,970,000 -57.7% 0.6%
    The Federal Savings Bank $1,630,000 $2,810,000 72.4% 0.5%
    CROSSCOUNTRY MORTGAGE, LLC $1,100,000 $2,180,000 98.2% 0.4%
    CALIBER HOME LOANS, INC. $1,840,000 $2,170,000 17.9% 0.4%
    CRESCENT MORTGAGE COMPANY $740,000 $2,045,000 176.4% 0.4%
    LAKEVIEW LOAN SERVICING, LLC $12,095,000 $1,995,000 -83.5% 0.4%
    AMERICAN FINANCING CORPORATION $1,030,000 $1,885,000 83.0% 0.3%
    BNC National Bank $1,880,000 n/a 0.3%
    GUILD MORTGAGE COMPANY $2,720,000 $1,805,000 -33.6% 0.3%
    NEWREZ LLC $3,855,000 $1,790,000 -53.6% 0.3%
    MUTUAL OF OMAHA MORTGAGE, INC. $1,280,000 $1,760,000 37.5% 0.3%
    MOUNTAIN AMERICA $505,000 $1,695,000 235.6% 0.3%
    JPMorgan Chase Bank $4,430,000 $1,665,000 -62.4% 0.3%
    MORTGAGE 1 INCORPORATED $1,370,000 $1,635,000 19.3% 0.3%
    HOMEBRIDGE FINANCIAL SERVICES, INC. $1,360,000 n/a 0.3%
    Morgan Stanley Private Bank $1,305,000 n/a 0.2%
    PLANET HOME LENDING, LLC $1,915,000 $1,300,000 -32.1% 0.2%
    The Huntington National Bank $1,705,000 $1,280,000 -24.9% 0.2%
    Barrington Bank & Trust Company, N.A. $1,545,000 $1,270,000 -17.8% 0.2%
    BETTER MORTGAGE CORPORATION $4,410,000 $1,230,000 -72.1% 0.2%
    Plains Commerce Bank $1,940,000 $1,190,000 -38.7% 0.2%
    CLEARPATH LENDING $2,675,000 $1,140,000 -57.4% 0.2%
    Carrington Mortgage Services, LLC $2,040,000 $1,030,000 -49.5% 0.2%
    NBKC BANK $835,000 $1,010,000 21.0% 0.2%
    KeyBank $515,000 $990,000 92.2% 0.2%
    Ally Bank $340,000 $985,000 189.7% 0.2%
    Citizens Bank $670,000 $985,000 47.0% 0.2%
    HOME POINT FINANCIAL CORPORATION $1,010,000 $965,000 -4.5% 0.2%
    Truist $360,000 $965,000 168.1% 0.2%
    CHERRY CREEK MORTGAGE, LLC $760,000 $920,000 21.1% 0.2%
    LEADERONE FINANCIAL CORPORATION $880,000 n/a 0.2%
    CHURCHILL MORTGAGE CORPORATION $745,000 $875,000 17.4% 0.2%
    Magnolia Bank $890,000 $855,000 -3.9% 0.2%
    AXIA FINANCIAL, LLC $785,000 n/a 0.1%
    PENTAGON FEDERAL CREDIT UNION $735,000 $770,000 4.8% 0.1%
    VILLAGE CAPITAL MORTGAGE $1,110,000 $750,000 -32.4% 0.1%
    CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP $1,505,000 $740,000 -50.8% 0.1%
    M&T Bank $420,000 $680,000 61.9% 0.1%
    Northwest Farm Credit Services, FLCA $655,000 n/a 0.1%
    Great Southern Bank $645,000 n/a 0.1%
    Sound Community Bank $625,000 n/a 0.1%
    ACADEMY MORTGAGE CORPORATION $135,000 $610,000 351.9% 0.1%
    BAY EQUITY LLC $520,000 $585,000 12.5% 0.1%
    Stifel Bank and Trust $730,000 $580,000 -20.5% 0.1%
    Bank of England $145,000 $570,000 293.1% 0.1%
    First Guaranty Mortgage Corporation $580,000 $560,000 -3.4% 0.1%
    Equity Prime Mortgage LLC $315,000 $535,000 69.8% 0.1%
    NexBank $530,000 n/a 0.1%
    Servion, Inc. $195,000 $530,000 171.8% 0.1%
    CORNERSTONE HOME LENDING, INC. $360,000 $510,000 41.7% 0.1%
    Hometown Lenders, Inc. $575,000 $500,000 -13.0% 0.1%
    PRIMELENDING, A PLAINSCAPITAL COMPANY $485,000 n/a 0.1%
    PACIFIC RESIDENTIAL MORTGAGE, LLC $105,000 $470,000 347.6% 0.1%
    The Central Trust Bank $425,000 $460,000 8.2% 0.1%
    Sunflower Bank $455,000 n/a 0.1%
    ENVOY MORTGAGE, LTD $235,000 $430,000 83.0% 0.1%
    AMERICAN ADVISORS GROUP $465,000 $420,000 -9.7% 0.1%
    Sierra Pacific Mortgage Company, Inc. $410,000 n/a 0.1%
    LIMA ONE CAPITAL, LLC $400,000 n/a 0.1%
    1st Security Bank of Washington $380,000 n/a 0.1%
    Altana Federal Credit Union $375,000 n/a 0.1%
    GoPrime Mortgage, Inc. $365,000 $350,000 -4.1% 0.1%
    AMCAP MORTGAGE, LTD. $245,000 $345,000 40.8% 0.1%
    Discover Bank $85,000 $345,000 305.9% 0.1%
    MID AMERICA MORTGAGE, INC. $345,000 n/a 0.1%
    AMERICAN PACIFIC MORTGAGE CORPORATION $245,000 $335,000 36.7% 0.1%
    IDAHO CENTRAL $315,000 n/a 0.1%
    Cornerstone First Mortgage, Inc $305,000 n/a 0.1%
    MOVEMENT MORTGAGE, LLC $305,000 n/a 0.1%
    Charles Schwab Bank, SSB $285,000 n/a 0.1%
    ZILLOW HOME LOANS, LLC $165,000 $285,000 72.7% 0.1%
    Mid-Continent Funding, Inc. $175,000 $265,000 51.4% 0.0%
    NETWORK CAPITAL FUNDING CORPORATION $260,000 n/a 0.0%
    WINGS FINANCIAL $255,000 n/a 0.0%
    CLEARWATER Federal Credit Union $820,000 $245,000 -70.1% 0.0%
    FirstBank $305,000 $245,000 -19.7% 0.0%
    21ST MORTGAGE CORPORATION $90,000 $235,000 161.1% 0.0%
    CANOPY MORTGAGE, LLC $135,000 $235,000 74.1% 0.0%
    First International Bank & Trust $215,000 $235,000 9.3% 0.0%
    Union Savings Bank $235,000 n/a 0.0%
    RELIANCE FIRST CAPITAL, LLC $265,000 $225,000 -15.1% 0.0%
    SUMMIT FUNDING, INC. $225,000 n/a 0.0%
    Meridian Bank Corporation $205,000 n/a 0.0%
    EMBRACE HOME LOANS, INC. $195,000 n/a 0.0%
    S1L, Inc. $195,000 n/a 0.0%
    Blue Ridge Bank $185,000 n/a 0.0%
    First Internet Bank of Indiana $185,000 n/a 0.0%
    WESTERN VISTA $165,000 n/a 0.0%
    Deseret First Credit Union $155,000 n/a 0.0%
    LONGBRIDGE FINANCIAL, LLC $95,000 $145,000 52.6% 0.0%
    AIR ACADEMY $135,000 n/a 0.0%
    CMG MORTGAGE, INC. $135,000 n/a 0.0%
    SPRING EQ, LLC $130,000 n/a 0.0%
    CREDIT HUMAN FEDERAL CREDIT UNION $115,000 n/a 0.0%
    Figure Lending LLC $35,000 $105,000 200.0% 0.0%
    PNC Bank $1,125,000 $105,000 -90.7% 0.0%
    TRIAD FINANCIAL SERVICES, INC. $190,000 $105,000 -44.7% 0.0%
    Bank of America $2,170,000 $95,000 -95.6% 0.0%
    North American Savings Bank, F.S.B. $215,000 $85,000 -60.5% 0.0%
    Unify Home Lending Inc. $165,000 $85,000 -48.5% 0.0%

    GREAT FALLS's top lender by overall market share is Stockman Bank of Montana, with 18.5% market share. In second place, with 12.5%, is Opportunity Bank of Montana, having originated $67,180,000 in loans. In third place, with 5.6%, is GREYSTONE SERVICING COMPANY LLC, having originated $30,220,000 in loans. In fourth place, with 5.1%, is FAIRWAY INDEPENDENT MORTGAGE CORPORATION, having originated $27,465,000 in loans. In fifth place, with 4.4%, is MANN FINANCIAL INC., having originated $23,860,000 in loans.

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

    Realtor.com - GREAT FALLS (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 $215,975 (11.8%) $287,671 (7.5%) 0.00 280
    2018-02-01 $211,225 (4.6%) $283,637 (3.4%) 0.00 281
    2018-03-01 $225,000 (7.2%) $294,670 (5.4%) 0.00 264
    2018-04-01 $212,500 (6.3%) $287,733 (2.8%) 0.00 275
    2018-05-01 $222,500 (9.5%) $298,678 (8.9%) 0.00 305
    2018-06-01 $232,200 (10.6%) $302,171 (8.9%) 0.00 327
    2018-07-01 $233,000 (11.0%) $296,001 (10.8%) 0.00 334
    2018-08-01 $229,900 (17.3%) $288,263 (12.5%) 0.00 353
    2018-09-01 $225,000 (12.6%) $287,317 (10.4%) 0.00 379
    2018-10-01 $224,600 (4.5%) $282,946 (2.9%) 0.00 370
    2018-11-01 $223,600 (6.5%) $280,812 (0.0%) 0.00 346
    2018-12-01 $219,900 (4.7%) $279,597 (-1.0%) 0.00 320
    2019-01-01 $217,450 (0.7%) $283,616 (-1.4%) 0.00 280
    2019-02-01 $219,900 (4.1%) $280,709 (-1.0%) 0.00 277
    2019-03-01 $237,043 (5.4%) $291,498 (-1.1%) 0.00 258
    2019-04-01 $254,593 (19.8%) $299,651 (4.1%) 0.00 254
    2019-05-01 $248,550 (11.7%) $304,453 (1.9%) 0.00 297
    2019-06-01 $239,900 (3.3%) $307,001 (1.6%) 0.00 301
    2019-07-01 $239,950 (3.0%) $308,302 (4.2%) 0.00 343
    2019-08-01 $237,068 (3.1%) $304,042 (5.5%) 0.00 335
    2019-09-01 $232,670 (3.4%) $295,696 (2.9%) 0.00 323
    2019-10-01 $229,739 (2.3%) $289,282 (2.2%) 0.00 312
    2019-11-01 $224,950 (0.6%) $280,083 (-0.3%) 0.00 285
    2019-12-01 $226,500 (3.0%) $284,554 (1.8%) 0.00 241
    2020-01-01 $242,000 (11.3%) $292,393 (3.1%) 0.00 207
    2020-02-01 $239,950 (9.1%) $292,445 (4.2%) 0.00 196
    2020-03-01 $233,675 (-1.4%) $291,260 (-0.1%) 0.00 196
    2020-04-01 $252,725 (-0.7%) $305,059 (1.8%) 0.00 199
    2020-05-01 $259,000 (4.2%) $321,142 (5.5%) 0.00 205
    2020-06-01 $256,875 (7.1%) $323,319 (5.3%) 0.00 204
    2020-07-01 $257,000 (7.1%) $337,940 (9.6%) 0.00 182
    2020-08-01 $254,500 (7.4%) $343,000 (12.8%) 0.00 172
    2020-09-01 $266,925 (14.7%) $367,101 (24.2%) 0.00 154
    2020-10-01 $249,900 (8.8%) $364,622 (26.0%) 0.00 115
    2020-11-01 $276,375 (22.9%) $401,563 (43.4%) 0.00 101
    2020-12-01 $290,250 (28.2%) $439,072 (54.3%) 0.00 74
    2021-01-01 $295,950 (22.3%) $467,598 (59.9%) 0.00 60
    2021-02-01 $302,425 (26.0%) $524,639 (79.4%) 0.00 48
    2021-03-01 $343,035 (46.8%) $581,229 (99.6%) 0.00 57
    2021-04-01 $307,700 (21.8%) $583,691 (91.3%) 0.00 50
    2021-05-01 $287,450 (11.0%) $516,094 (60.7%) 0.00 56
    2021-06-01 $277,875 (8.2%) $466,696 (44.4%) 0.00 86
    2021-07-01 $285,000 (10.9%) $449,739 (33.1%) 0.00 88
    2021-08-01 $287,500 (13.0%) $430,297 (25.5%) 0.00 110
    2021-09-01 $312,425 (17.1%) $490,171 (33.5%) 0.00 91
    2021-10-01 $299,450 (19.8%) $471,122 (29.2%) 0.00 74
    2021-11-01 $291,250 (5.4%) $494,065 (23.0%) 0.00 61
    2021-12-01 $329,450 (13.5%) $528,538 (20.4%) 0.00 51
    2022-01-01 $349,950 (18.3%) $574,520 (22.9%) 0.00 45
    2022-02-01 $396,000 (30.9%) $612,818 (16.8%) 0.00 39
    2022-03-01 $388,725 (13.3%) $542,718 (-6.6%) 0.00 40
    2022-04-01 $339,000 (10.2%) $526,995 (-9.7%) 0.00 50
    2022-05-01 $394,000 (37.1%) $539,408 (4.5%) 0.00 71
    2022-06-01 $380,000 (36.8%) $524,816 (12.5%) 0.00 105
    2022-07-01 $395,000 (38.6%) $533,150 (18.6%) 0.00 120
    2022-08-01 $412,500 (43.5%) $564,773 (31.3%) 0.00 128
    2022-09-01 $411,000 (31.6%) $536,326 (9.4%) 0.00 111
    2022-10-01 $439,000 (46.6%) $542,712 (15.2%) 0.00 108
    2022-11-01 $439,000 (50.7%) $577,989 (17.0%) 0.00 90
    2022-12-01 $405,000 (22.9%) $557,568 (5.5%) 0.00 87
    2023-01-01 $408,500 (16.7%) $572,680 (-0.3%) 0.00 80
    2023-02-01 $411,750 (4.0%) $606,095 (-1.1%) 0.00 68
    2023-03-01 $405,500 (4.3%) $634,005 (16.8%) 0.00 62
    2023-04-01 $449,950 (32.7%) $628,595 (19.3%) 0.00 71
    2023-05-01 $384,500 (-2.4%) $631,151 (17.0%) 0.00 73
    2023-06-01 $412,500 (8.6%) $698,339 (33.1%) 0.00 77
    2023-07-01 $385,000 (-2.5%) $628,632 (17.9%) 0.00 95
    2023-08-01 $410,459 (-0.5%) $590,716 (4.6%) 0.00 102
    GREAT FALLS's median listing price for 2023-08-01 was $410,459, a difference of $-2,041 (-0.5%) versus the prior year and $25,459 versus the prior month.

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

    GREAT FALLS's average listing price for 2023-08-01 was $590,716, a difference of $25,943 (4.6%) versus the prior year and $-37,916 versus the prior month.

    For the 2023-08-01 period, GREAT FALLS had 102 MLS listings, a difference of 7 listings (7%) versus the prior month and -26 listings (-20%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - GREAT FALLS (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 1,988 sqft
    2018-02-01 0 days 1,941 sqft
    2018-03-01 0 days 1,960 sqft
    2018-04-01 0 days 1,954 sqft
    2018-05-01 0 days 2,020 sqft
    2018-06-01 0 days 2,097 sqft
    2018-07-01 0 days 2,147 sqft
    2018-08-01 0 days 2,142 sqft
    2018-09-01 0 days 2,129 sqft
    2018-10-01 0 days 2,133 sqft
    2018-11-01 0 days 2,167 sqft
    2018-12-01 0 days 2,080 sqft
    2019-01-01 0 days 2,083 sqft
    2019-02-01 0 days 1,836 sqft
    2019-03-01 0 days 2,017 sqft
    2019-04-01 0 days 2,191 sqft
    2019-05-01 0 days 2,194 sqft
    2019-06-01 0 days 2,164 sqft
    2019-07-01 0 days 2,250 sqft
    2019-08-01 0 days 2,233 sqft
    2019-09-01 0 days 2,191 sqft
    2019-10-01 0 days 2,164 sqft
    2019-11-01 0 days 2,100 sqft
    2019-12-01 0 days 2,126 sqft
    2020-01-01 0 days 2,215 sqft
    2020-02-01 0 days 2,129 sqft
    2020-03-01 0 days 2,074 sqft
    2020-04-01 0 days 2,246 sqft
    2020-05-01 0 days 2,302 sqft
    2020-06-01 0 days 2,222 sqft
    2020-07-01 0 days 2,270 sqft
    2020-08-01 0 days 2,227 sqft
    2020-09-01 0 days 2,384 sqft
    2020-10-01 0 days 2,208 sqft
    2020-11-01 0 days 2,224 sqft
    2020-12-01 0 days 2,089 sqft
    2021-01-01 0 days 2,144 sqft
    2021-02-01 0 days 2,263 sqft
    2021-03-01 0 days 2,440 sqft
    2021-04-01 0 days 2,379 sqft
    2021-05-01 0 days 2,218 sqft
    2021-06-01 0 days 2,156 sqft
    2021-07-01 0 days 2,150 sqft
    2021-08-01 0 days 2,173 sqft
    2021-09-01 0 days 2,294 sqft
    2021-10-01 0 days 2,240 sqft
    2021-11-01 0 days 2,261 sqft
    2021-12-01 0 days 2,200 sqft
    2022-01-01 0 days 2,216 sqft
    2022-02-01 0 days 2,343 sqft
    2022-03-01 0 days 2,265 sqft
    2022-04-01 0 days 2,196 sqft
    2022-05-01 0 days 2,299 sqft
    2022-06-01 0 days 2,352 sqft
    2022-07-01 0 days 2,431 sqft
    2022-08-01 0 days 2,515 sqft
    2022-09-01 0 days 2,454 sqft
    2022-10-01 0 days 2,586 sqft
    2022-11-01 0 days 2,507 sqft
    2022-12-01 0 days 2,344 sqft
    2023-01-01 0 days 2,321 sqft
    2023-02-01 0 days 2,282 sqft
    2023-03-01 0 days 2,290 sqft
    2023-04-01 0 days 2,298 sqft
    2023-05-01 0 days 2,073 sqft
    2023-06-01 0 days 2,225 sqft
    2023-07-01 0 days 2,104 sqft
    2023-08-01 0 days 2,120 sqft
    GREAT FALLS's median listing age (time on market) for 2023-08-01 was 0 days.

    GREAT FALLS's median square footage for active listings during the 2023-08-01 period was 2,120 sqft. One year prior, the average listing was 2,515 sqft.

    GREAT FALLS, MT Average Rent (2023)

    Zoom/scroll map to see average rent by zip code. Subscribers can configure state/metro/county granularity, assorted fields and quantity of results.

    For additional perspective within a market, below is information regarding the average rents (as defined by HUD) for zip codes within the metro area. Descriptive statistics (average, median) are shown below the table.
    Zip Code Metro Studio Apartment Rent 1BR Apartment Rent 2BR Apartment Rent 3BR Apartment Rent 4BR Apartment Rent
    59401 Great Falls, MT $570 $580 $760 $1,070 $1,250
    59403 Great Falls, MT $640 $650 $850 $1,190 $1,390
    59404 Great Falls, MT $670 $680 $890 $1,250 $1,460
    59405 Great Falls, MT $650 $660 $860 $1,210 $1,410
    59406 Great Falls, MT $640 $650 $850 $1,190 $1,390
    59412 Great Falls, MT $680 $690 $900 $1,260 $1,480
    59414 Great Falls, MT $570 $580 $760 $1,060 $1,240
    59421 Great Falls, MT $600 $610 $800 $1,120 $1,310
    59436 Great Falls, MT $640 $650 $850 $1,190 $1,390
    59440 Great Falls, MT $640 $650 $850 $1,190 $1,390
    59443 Great Falls, MT $640 $650 $850 $1,190 $1,390
    59463 Great Falls, MT $640 $650 $850 $1,190 $1,390
    59465 Great Falls, MT $640 $650 $850 $1,190 $1,390
    59468 Great Falls, MT $700 $710 $930 $1,300 $1,530
    59472 Great Falls, MT $730 $730 $970 $1,350 $1,620
    59477 Great Falls, MT $640 $650 $850 $1,190 $1,390
    59480 Great Falls, MT $660 $670 $880 $1,240 $1,440
    59483 Great Falls, MT $640 $650 $850 $1,180 $1,380
    59485 Great Falls, MT $620 $630 $820 $1,150 $1,350
    59487 Great Falls, MT $640 $650 $850 $1,190 $1,390

    2022 Average & Median Rent Data Statistics
    GREAT FALLS, MT average 1BR rent: $652, median: $650
    GREAT FALLS, MT average 2BR rent: $854, median: $850
    GREAT FALLS, MT average 3BR rent: $1,195, median: $1,190

    GREAT FALLS, MT Market Loan Reason

    Loan Purpose Originations Total Value Average Loan
    Home Purchase 1,266 $337,120,000 $266,288
    Cash Out Refi 484 $96,140,000 $198,636
    Refi 243 $87,085,000 $358,374
    Home Improvement 121 $9,525,000 $78,719
    Other 81 $9,365,000 $115,617

    Great Falls's most frequently cited loan purpose was Home Purchase, with 1,266 originations. The 2nd most popular reason was Cash Out Refi, with 484 originations.

    Interest Rate Frequencies

    Loan Rate Originations Total Value Average Loan
    5-6% 574 $137,360,000 $239,303
    4-5% 564 $164,120,000 $290,993
    3-4% 493 $118,385,000 $240,132
    6-7% 242 $55,940,000 $231,157
    2.5-3% 144 $27,710,000 $192,431
    7-8% 64 $11,910,000 $186,094
    <2.5% 62 $13,700,000 $220,968
    Over 8% 23 $3,895,000 $169,348

    During 2022, Great Falls's most frequently originated rate bucket was 5-6%, with 574 originations.

    Loan Sizing (GREAT FALLS, MT MSA)

    Loan Size Originations Total Value Average Loan
    $200k-400k 945 $257,315,000 $272,291
    $100k-200k 653 $99,895,000 $152,979
    $100,000 or less 375 $18,765,000 $50,040
    $400k-600k 148 $70,740,000 $477,973
    $600k-1000k 52 $36,410,000 $700,192
    $Over $1MM 22 $56,110,000 $2,550,455

    GREAT FALLS's loan sizing saw the bucket of loans from $200k-400k with 945 originations, totaling $257,315,000 in origination value.

    LTV Distribution

    Loan to Value Originations Total Value Average Loan
    80-100% 835 $240,035,000 $287,467
    60-80% 580 $170,490,000 $293,948
    40-60% 227 $57,885,000 $255,000
    Under 20% 219 $10,225,000 $46,689
    20-40% 213 $26,195,000 $122,981
    Over 100% 83 $26,745,000 $322,229

    GREAT FALLS's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 835 originations, totaling $240,035,000 in origination value.