IOWA CITY Mortgage Rates
30yr Fixed Rate
15yr Fixed Rate
FHA
USDA
VA
5/1 ARM
30 Year Fixed Rate mortgages in Iowa City averaged
4.79%
for the week of 2022-08-04, compared to the national average of
4.99% for the same period.
The average rate for the prior week (2022-07-28) was
5.4% and
one month ago for the week of 2022-06-30, the
average rate was 5.9%.
Iowa City's average rate one year ago was 2.84%.
For refis of the same type during the week of 2022-08-04, the average rate
was 4.72%.
| Loan Type | Date | Rate |
|---|---|---|
| US 30 Year Fixed Rate | 2022-08-04 | 4.99% |
| Iowa City 30 Year Fixed Rate | 2022-08-04 | 4.79% |
| Iowa City 30 Year Fixed Rate Refi | 2022-08-04 | 4.72% |
| Iowa City 15 Year Fixed Rate | 2022-08-04 | 4.62% |
| Iowa City 15 Year Fixed Rate Refi | 2022-08-04 | 4.39% |
| Iowa City 30 Year FHA | 2022-08-04 | 5.05% |
| Iowa City 30 Year FHA Refi | 2022-08-04 | 5.06% |
| Iowa City 30 Year USDA | 2022-08-04 | 5.43% |
| Iowa City 30 Year USDA Refi | 2022-08-04 | 4.84% |
| Iowa City 30 Year VA | 2022-08-04 | 4.98% |
| Iowa City 30 Year VA Refi | 2022-08-04 | 5.08% |
Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations within IOWA CITY, IA.
IOWA CITY 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 IOWA CITY, IA 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.).
IOWA CITY, IA's 138 lenders originated 9,642
loans during 2021. The total origination value was $2,018,960,000, with an average loan value of
$209,392.
The top IOWA CITY lender as defined by loan originations is GREENSTATE CREDIT UNION, with
1,554 loans originated. Their average total fees are
$1,762, which is $148
higher than the next largest lender,
Hills Bank and Trust Company.
The lowest fee IOWA CITY lenders (with over 10 loans originated) are
Associated Bank ($950), Hills Bank and Trust Company ($1,614), Collins Community Credit Union ($1,652), VERIDIAN CREDIT UNION ($1,694) and GREENSTATE CREDIT UNION ($1,762).
The lowest rate IOWA CITY lenders (with over 10 loans originated) are
Associated Bank (2.70%), RUHL MORTGAGE, LLC (2.78%), Hills Bank and Trust Company (2.81%), RESIDENTIAL MORTGAGE NETWORK, INC. (2.85%) and DUPACO COMMUNITY (2.87%).
IOWA CITY, IA 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 | 2020 Loan Value | 2021 Loan Value | % Change | 2021 Market Share |
|---|---|---|---|---|
| GREENSTATE CREDIT UNION | $703,065,000 | $656,915,000 | -6.6% | 32.5% |
| Hills Bank and Trust Company | $550,965,000 | $548,780,000 | -0.4% | 27.2% |
| MidWestOne Bank | $100,025,000 | $92,330,000 | -7.7% | 4.6% |
| RESIDENTIAL MORTGAGE NETWORK, INC. | $78,870,000 | $90,120,000 | 14.3% | 4.5% |
| West Bank | $37,330,000 | $55,850,000 | 49.6% | 2.8% |
| Collins Community Credit Union | $52,990,000 | $46,810,000 | -11.7% | 2.3% |
| VERIDIAN CREDIT UNION | $37,285,000 | $40,620,000 | 8.9% | 2.0% |
| U.S. Bank | $34,805,000 | $38,565,000 | 10.8% | 1.9% |
| QUICKEN LOANS, LLC | $33,145,000 | $36,670,000 | 10.6% | 1.8% |
| CBI Bank & Trust | $55,635,000 | $35,775,000 | -35.7% | 1.8% |
| IOWA BANKERS MORTGAGE CORPORATION | $24,020,000 | $22,190,000 | -7.6% | 1.1% |
| Wells Fargo Bank | $15,970,000 | $19,300,000 | 20.9% | 1.0% |
| Washington State Bank | $22,440,000 | $17,905,000 | -20.2% | 0.9% |
| Great Western Bank | $22,155,000 | $16,000,000 | -27.8% | 0.8% |
| PENNYMAC LOAN SERVICES, LLC | $6,210,000 | $11,045,000 | 77.9% | 0.5% |
| Central State Bank | $29,150,000 | $10,640,000 | -63.5% | 0.5% |
| Ohnward Bank & Trust | $10,615,000 | n/a | 0.5% | |
| Farmers State Bank | $3,510,000 | $9,800,000 | 179.2% | 0.5% |
| Luana Savings Bank | $2,570,000 | $9,665,000 | 276.1% | 0.5% |
| RUHL MORTGAGE, LLC | $27,265,000 | $9,230,000 | -66.1% | 0.5% |
| Merchants Bank of Indiana | $9,075,000 | n/a | 0.4% | |
| Mortgage Research Center, LLC | $4,340,000 | $8,730,000 | 101.2% | 0.4% |
| Two Rivers Bank & Trust | $4,915,000 | $7,970,000 | 62.2% | 0.4% |
| LOANDEPOT.COM, LLC | $2,645,000 | $7,445,000 | 181.5% | 0.4% |
| BETTER MORTGAGE CORPORATION | $2,400,000 | $6,900,000 | 187.5% | 0.3% |
| FREEDOM MORTGAGE CORPORATION | $4,730,000 | $6,895,000 | 45.8% | 0.3% |
| Associated Bank | $8,035,000 | $6,480,000 | -19.4% | 0.3% |
| DUPACO COMMUNITY | $25,285,000 | $6,465,000 | -74.4% | 0.3% |
| AMERISAVE MORTGAGE CORPORATION | $5,275,000 | $6,270,000 | 18.9% | 0.3% |
| LINN AREA | $5,985,000 | $5,745,000 | -4.0% | 0.3% |
| Servion, Inc. | $7,445,000 | $5,535,000 | -25.7% | 0.3% |
| JPMorgan Chase Bank | $4,380,000 | $5,365,000 | 22.5% | 0.3% |
| Mr. Cooper ( Nationstar Mortgage ) | $4,210,000 | $4,970,000 | 18.1% | 0.2% |
| Bankers Trust Company | $25,150,000 | $4,195,000 | -83.3% | 0.2% |
| BankIowa of Cedar Rapids | $4,415,000 | $4,165,000 | -5.7% | 0.2% |
| UNITED WHOLESALE MORTGAGE, LLC | $2,590,000 | $4,115,000 | 58.9% | 0.2% |
| Northpointe Bank | $3,170,000 | $4,040,000 | 27.4% | 0.2% |
| HOMESERVICES LENDING, LLC | $1,545,000 | $3,565,000 | 130.7% | 0.2% |
| CALIBER HOME LOANS, INC. | $3,035,000 | $3,525,000 | 16.1% | 0.2% |
| Farm Credit Mid-America, ACA | $5,340,000 | $3,520,000 | -34.1% | 0.2% |
| 21ST MORTGAGE CORPORATION | $2,345,000 | $3,195,000 | 36.2% | 0.2% |
| OPEN MORTGAGE, LLC | $660,000 | $2,935,000 | 344.7% | 0.1% |
| BROKER SOLUTIONS, INC. | $2,950,000 | $2,670,000 | -9.5% | 0.1% |
| HOME POINT FINANCIAL CORPORATION | $945,000 | $2,660,000 | 181.5% | 0.1% |
| BELLWETHER ENTERPRISE REAL ESTATE CAPITAL, LLC | $2,645,000 | n/a | 0.1% | |
| AMCAP MORTGAGE, LTD. | $505,000 | $2,510,000 | 397.0% | 0.1% |
| GUILD MORTGAGE COMPANY | $2,715,000 | $2,435,000 | -10.3% | 0.1% |
| Community Savings Bank | $1,160,000 | $2,400,000 | 106.9% | 0.1% |
| Fidelity Bank & Trust | $1,875,000 | $2,330,000 | 24.3% | 0.1% |
| NEWREZ LLC | $2,560,000 | $2,325,000 | -9.2% | 0.1% |
| GUARANTEED RATE, INC. | $1,065,000 | $2,175,000 | 104.2% | 0.1% |
| COMMUNITY 1ST CREDIT UNION | $2,070,000 | $2,080,000 | 0.5% | 0.1% |
| USAA Federal Savings Bank | $1,100,000 | $2,075,000 | 88.6% | 0.1% |
| CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP | $1,660,000 | $2,060,000 | 24.1% | 0.1% |
| I. H. MISSISSIPPI VALLEY CREDIT UNION | $3,865,000 | $2,020,000 | -47.7% | 0.1% |
| NEW DAY FINANCIAL, LLC | $1,105,000 | $1,935,000 | 75.1% | 0.1% |
| Farmers & Merchants Savings Bank | $3,000,000 | $1,795,000 | -40.2% | 0.1% |
| Paramount Residential Mortgage Group, Inc. | $245,000 | $1,770,000 | 622.4% | 0.1% |
| MUTUAL OF OMAHA MORTGAGE, INC. | $1,600,000 | $1,755,000 | 9.7% | 0.1% |
| Mount Vernon Bank and Trust Company | $4,505,000 | $1,745,000 | -61.3% | 0.1% |
| First Horizon Bank | $1,690,000 | n/a | 0.1% | |
| American Bank and Trust Company | $535,000 | $1,685,000 | 215.0% | 0.1% |
| FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $185,000 | $1,680,000 | 808.1% | 0.1% |
| Flagstar Bank, FSB | $880,000 | $1,660,000 | 88.6% | 0.1% |
| Vibrant Credit Union | $2,930,000 | $1,650,000 | -43.7% | 0.1% |
| FIRST | $1,795,000 | $1,600,000 | -10.9% | 0.1% |
| HOMESIDE FINANCIAL, LLC | $1,185,000 | $1,600,000 | 35.0% | 0.1% |
| PLANET HOME LENDING, LLC | $1,710,000 | $1,455,000 | -14.9% | 0.1% |
| NAVY FEDERAL CREDIT UNION | $2,865,000 | $1,405,000 | -51.0% | 0.1% |
| Waterstone Mortgage Corporation | $2,440,000 | $1,395,000 | -42.8% | 0.1% |
| LAKEVIEW LOAN SERVICING, LLC | $975,000 | $1,355,000 | 39.0% | 0.1% |
| CROSSCOUNTRY MORTGAGE, LLC | $1,160,000 | $1,350,000 | 16.4% | 0.1% |
| Ally Bank | $445,000 | $1,310,000 | 194.4% | 0.1% |
| INLANTA MORTGAGE, INC. | $1,695,000 | $1,230,000 | -27.4% | 0.1% |
| CHURCHILL MORTGAGE CORPORATION | $900,000 | $1,215,000 | 35.0% | 0.1% |
| Bank of America | $2,010,000 | $1,205,000 | -40.0% | 0.1% |
| Midwest Heritage Bank FSB | $1,695,000 | $1,145,000 | -32.4% | 0.1% |
| PNC Bank | $500,000 | $1,130,000 | 126.0% | 0.1% |
| GERSHMAN INVESTMENT CORP. | $770,000 | $1,115,000 | 44.8% | 0.1% |
| GUARANTEED RATE AFFINITY, LLC | $355,000 | $1,080,000 | 204.2% | 0.1% |
| West Gate Bank | $560,000 | $1,050,000 | 87.5% | 0.1% |
| PLAZA HOME MORTGAGE, INC. | $215,000 | $1,040,000 | 383.7% | 0.1% |
| Northwest Bank | $1,735,000 | $1,015,000 | -41.5% | 0.1% |
| Regions Bank | $1,755,000 | $1,010,000 | -42.5% | 0.1% |
| AMERICAN INTERNET MORTGAGE, INC. | $960,000 | n/a | 0.0% | |
| TIAA, FSB | $185,000 | $960,000 | 418.9% | 0.0% |
| Citizens Bank | $1,315,000 | $955,000 | -27.4% | 0.0% |
| Lincoln Savings Bank | $505,000 | $950,000 | 88.1% | 0.0% |
| AMERICAN FINANCIAL NETWORK, INC. | $920,000 | n/a | 0.0% | |
| Carrington Mortgage Services, LLC | $235,000 | $920,000 | 291.5% | 0.0% |
| The Security National Bank of Sioux City, Iowa | $910,000 | n/a | 0.0% | |
| Farmers State Bank | $3,510,000 | $905,000 | -74.2% | 0.0% |
| AmeriHome Mortgage Company, LLC | $165,000 | $870,000 | 427.3% | 0.0% |
| EMBRACE HOME LOANS, INC. | $235,000 | $855,000 | 263.8% | 0.0% |
| The Federal Savings Bank | $1,850,000 | $855,000 | -53.8% | 0.0% |
| Baxter Credit Union | $830,000 | n/a | 0.0% | |
| SOFI LENDING CORP. | $480,000 | $825,000 | 71.9% | 0.0% |
| FINANCE OF AMERICA MORTGAGE LLC | $335,000 | $820,000 | 144.8% | 0.0% |
| InterContinental Capital Group, Inc | $115,000 | $805,000 | 600.0% | 0.0% |
| AMERICAN FINANCING CORPORATION | $245,000 | $755,000 | 208.2% | 0.0% |
| BLUELEAF LENDING, LLC | $340,000 | $750,000 | 120.6% | 0.0% |
| BOKF | $675,000 | $740,000 | 9.6% | 0.0% |
| First Guaranty Mortgage Corporation | $735,000 | n/a | 0.0% | |
| NBKC BANK | $205,000 | $725,000 | 253.7% | 0.0% |
| Deere Employees Credit Union | $755,000 | $675,000 | -10.6% | 0.0% |
| VILLAGE CAPITAL & INVESTMENT LLC | $720,000 | $675,000 | -6.3% | 0.0% |
| Truist Bank | $1,010,000 | $670,000 | -33.7% | 0.0% |
| Bank Iowa | $665,000 | n/a | 0.0% | |
| Barrington Bank & Trust Company, N.A. | $1,340,000 | $665,000 | -50.4% | 0.0% |
| Strong Home Mortgage, LLC | $615,000 | n/a | 0.0% | |
| Bank of the West | $435,000 | $600,000 | 37.9% | 0.0% |
| Fifth Third Bank | $555,000 | $570,000 | 2.7% | 0.0% |
| ALLIANT | $490,000 | $565,000 | 15.3% | 0.0% |
| Central Bank | $935,000 | $550,000 | -41.2% | 0.0% |
| UNIVERSAL LENDING CORPORATION | $265,000 | $520,000 | 96.2% | 0.0% |
| Byron Bank | $690,000 | $505,000 | -26.8% | 0.0% |
| Arbor Bank | $515,000 | $500,000 | -2.9% | 0.0% |
| Low VA Rates, LLC | $400,000 | $495,000 | 23.8% | 0.0% |
| Old National Bank | $495,000 | n/a | 0.0% | |
| ASCENTRA | $890,000 | $485,000 | -45.5% | 0.0% |
| GNB Bank | $390,000 | $485,000 | 24.4% | 0.0% |
| UNITED | $970,000 | $485,000 | -50.0% | 0.0% |
| ZILLOW HOME LOANS, LLC | $480,000 | n/a | 0.0% | |
| PROPER RATE, LLC | $475,000 | n/a | 0.0% | |
| SIRVA MORTGAGE, INC. | $195,000 | $475,000 | 143.6% | 0.0% |
| Raccoon Valley Bank | $840,000 | $460,000 | -45.2% | 0.0% |
| NP, Inc. | $155,000 | $430,000 | 177.4% | 0.0% |
| TCF National Bank | $75,000 | $425,000 | 466.7% | 0.0% |
| Magnolia Bank | $675,000 | $390,000 | -42.2% | 0.0% |
| Wyndham Capital Mortgage, Inc. | $385,000 | n/a | 0.0% | |
| First Central State Bank | $265,000 | $375,000 | 41.5% | 0.0% |
| Peoples Bank | $3,430,000 | $370,000 | -89.2% | 0.0% |
| FirstBank | $530,000 | $360,000 | -32.1% | 0.0% |
| LAND HOME FINANCIAL SERVICES, INC. | $1,560,000 | $360,000 | -76.9% | 0.0% |
| First PREMIER Bank | $345,000 | n/a | 0.0% | |
| Denver Savings Bank | $335,000 | n/a | 0.0% | |
| Merchants Bank | $435,000 | $330,000 | -24.1% | 0.0% |
| Bank of Springfield | $325,000 | n/a | 0.0% | |
| GAS AND ELECTRIC CREDIT UNION | $285,000 | $325,000 | 14.0% | 0.0% |
| The Huntington National Bank | $315,000 | n/a | 0.0% | |
| North American Savings Bank, F.S.B. | $955,000 | $310,000 | -67.5% | 0.0% |
| AMERICAN PORTFOLIO MORTGAGE CORPORATION | $295,000 | n/a | 0.0% | |
| DuTrac Community Credit Union | $290,000 | n/a | 0.0% | |
| TBK BANK, SSB | $285,000 | n/a | 0.0% | |
| FIRST STATE MORTGAGE SERVICES, LLC | $155,000 | $280,000 | 80.6% | 0.0% |
| Fortress Bank | $635,000 | $275,000 | -56.7% | 0.0% |
| Bank Midwest | $270,000 | n/a | 0.0% | |
| Goldwater Bank, N.A. | $265,000 | n/a | 0.0% | |
| PHH Mortgage Corporation | $105,000 | $265,000 | 152.4% | 0.0% |
| PREMIA MORTGAGE, LLC | $265,000 | n/a | 0.0% | |
| EMM LOANS LLC | $605,000 | $255,000 | -57.9% | 0.0% |
| Quad City Bank and Trust Company | $1,110,000 | $255,000 | -77.0% | 0.0% |
| Stifel Bank and Trust | $395,000 | $255,000 | -35.4% | 0.0% |
| BMO Harris Bank | $460,000 | $245,000 | -46.7% | 0.0% |
| Chickasaw Community Bank | $75,000 | $245,000 | 226.7% | 0.0% |
| Community Mortgage Banc Corporation | $245,000 | n/a | 0.0% | |
| First Midwest Bank | $230,000 | $245,000 | 6.5% | 0.0% |
| KELLER MORTGAGE, LLC | $1,150,000 | $245,000 | -78.7% | 0.0% |
| MID AMERICA MORTGAGE, INC. | $480,000 | $245,000 | -49.0% | 0.0% |
| Citizens State Bank | $1,435,000 | $235,000 | -83.6% | 0.0% |
| Ixonia Bank | $235,000 | n/a | 0.0% | |
| SUN WEST MORTGAGE COMPANY, INC. | $235,000 | $235,000 | 0.0% | 0.0% |
| Bank of England | $225,000 | n/a | 0.0% | |
| United Community Bank | $225,000 | n/a | 0.0% | |
| Heartland Bank and Trust Company | $220,000 | n/a | 0.0% | |
| Home State Bank | $215,000 | n/a | 0.0% | |
| Liberty Savings Bank, F.S.B. | $215,000 | n/a | 0.0% | |
| MMS MORTGAGE SERVICES, LTD. | $205,000 | n/a | 0.0% | |
| THE FAMILY CREDIT UNION | $275,000 | $205,000 | -25.5% | 0.0% |
| UNION HOME MORTGAGE CORP. | $205,000 | n/a | 0.0% | |
| United Bank of Iowa | $205,000 | n/a | 0.0% | |
| Cedar Rapids Bank and Trust Company | $2,440,000 | $200,000 | -91.8% | 0.0% |
| Serve Credit Union | $200,000 | n/a | 0.0% | |
| Chicago Mortgage Solutions LLC | $195,000 | n/a | 0.0% | |
| HOMEBRIDGE FINANCIAL SERVICES, INC. | $380,000 | $195,000 | -48.7% | 0.0% |
| Availa Bank | $215,000 | $185,000 | -14.0% | 0.0% |
| COMPASS MORTGAGE, INC. | $285,000 | $185,000 | -35.1% | 0.0% |
| Farmers National Bank | $155,000 | $175,000 | 12.9% | 0.0% |
| FLAT BRANCH MORTGAGE, INC. | $305,000 | $175,000 | -42.6% | 0.0% |
| Kerndt Brothers Savings Bank | $1,520,000 | $175,000 | -88.5% | 0.0% |
| Marine Bank | $115,000 | $175,000 | 52.2% | 0.0% |
| SUMMIT FUNDING, INC. | $175,000 | n/a | 0.0% | |
| TRIAD FINANCIAL SERVICES, INC. | $185,000 | $175,000 | -5.4% | 0.0% |
| VisionBank of Iowa | $225,000 | $175,000 | -22.2% | 0.0% |
| CEDAR FALLS COMMUNITY CREDIT UNION | $220,000 | $170,000 | -22.7% | 0.0% |
| CASTLE & COOKE MORTGAGE, LLC | $165,000 | n/a | 0.0% | |
| FINANCE OF AMERICA REVERSE LLC | $165,000 | n/a | 0.0% | |
| MOVEMENT MORTGAGE, LLC | $225,000 | $165,000 | -26.7% | 0.0% |
| SENB Bank | $1,605,000 | $165,000 | -89.7% | 0.0% |
| Triumph Bank | $165,000 | n/a | 0.0% | |
| United Fidelity Funding Corp. | $155,000 | n/a | 0.0% | |
| AMERICAN ADVISORS GROUP | $150,000 | n/a | 0.0% | |
| NETWORK CAPITAL FUNDING CORPORATION | $145,000 | n/a | 0.0% | |
| PENTAGON FEDERAL CREDIT UNION | $1,235,000 | $140,000 | -88.7% | 0.0% |
| CANOPY MORTGAGE, LLC | $135,000 | n/a | 0.0% | |
| First Savings Bank | $145,000 | $125,000 | -13.8% | 0.0% |
| RBC Bank, (Georgia) | $125,000 | n/a | 0.0% | |
| TOWNE MORTGAGE COMPANY | $575,000 | $125,000 | -78.3% | 0.0% |
| First Federal Bank | $380,000 | $115,000 | -69.7% | 0.0% |
| Midland States Bank | $115,000 | n/a | 0.0% | |
| Tradition Mortgage, LLC | $465,000 | $115,000 | -75.3% | 0.0% |
| Figure Lending LLC | $110,000 | n/a | 0.0% | |
| SUCCESS MORTGAGE PARTNERS, INC. | $690,000 | $105,000 | -84.8% | 0.0% |
| BNC National Bank | $95,000 | n/a | 0.0% | |
| RUOFF MORTGAGE COMPANY, INC. | $95,000 | n/a | 0.0% | |
| AMERICAN PACIFIC MORTGAGE CORPORATION | $420,000 | $85,000 | -79.8% | 0.0% |
| Bank First, N.A. | $85,000 | n/a | 0.0% | |
| Renasant Bank | $85,000 | n/a | 0.0% | |
| ROYAL UNITED MORTGAGE LLC | $85,000 | $85,000 | 0.0% | 0.0% |
| Morton Community Bank | $55,000 | n/a | 0.0% | |
| Centier Bank | $250,000 | $45,000 | -82.0% | 0.0% |
| RIVER VALLEY CREDIT UNION | $25,000 | n/a | 0.0% |
IOWA CITY's top lender by overall market share is GREENSTATE CREDIT UNION, with 32.5% market share. In second place, with 27.2%, is Hills Bank and Trust Company, having originated $548,780,000 in loans. In third place, with 4.6%, is MidWestOne Bank, having originated $92,330,000 in loans. In third place, with 4.5%, is RESIDENTIAL MORTGAGE NETWORK, INC., having originated $90,120,000 in loans. In third place, with 2.8%, is West Bank, having originated $55,850,000 in loans.
IOWA CITY Housing Market Trends (Median, Average Prices & Listing Count)
Realtor.com - IOWA CITY (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 | $297,450 (6.3%) | $328,848 (6.9%) | 1.10 | 852 |
| 2018-02-01 | $287,250 (2.6%) | $324,039 (4.7%) | 1.04 | 978 |
| 2018-03-01 | $294,900 (6.5%) | $339,285 (10.6%) | 1.02 | 935 |
| 2018-04-01 | $311,500 (15.4%) | $351,487 (16.1%) | 1.05 | 940 |
| 2018-05-01 | $300,000 (8.1%) | $344,127 (13.3%) | 1.00 | 1,024 |
| 2018-06-01 | $294,900 (5.4%) | $337,165 (8.8%) | 0.98 | 1,041 |
| 2018-07-01 | $288,400 (-0.5%) | $335,765 (5.2%) | 0.96 | 1,037 |
| 2018-08-01 | $279,950 (-6.4%) | $327,282 (-0.3%) | 0.94 | 1,064 |
| 2018-09-01 | $281,900 (-6.0%) | $342,104 (4.6%) | 0.94 | 1,105 |
| 2018-10-01 | $279,450 (-5.8%) | $324,457 (-0.2%) | 0.93 | 1,089 |
| 2018-11-01 | $274,900 (-7.9%) | $322,606 (-1.7%) | 0.92 | 1,043 |
| 2018-12-01 | $279,900 (-6.0%) | $328,153 (-0.1%) | 0.96 | 961 |
| 2019-01-01 | $281,900 (-5.2%) | $320,406 (-2.6%) | 0.97 | 952 |
| 2019-02-01 | $284,900 (-0.8%) | $326,849 (0.9%) | 0.95 | 1,047 |
| 2019-03-01 | $282,371 (-4.3%) | $327,216 (-3.6%) | 0.92 | 1,278 |
| 2019-04-01 | $279,421 (-10.3%) | $322,537 (-8.2%) | 0.88 | 1,520 |
| 2019-05-01 | $280,900 (-6.4%) | $318,680 (-7.4%) | 0.87 | 1,556 |
| 2019-06-01 | $284,900 (-3.4%) | $324,965 (-3.6%) | 0.88 | 1,484 |
| 2019-07-01 | $284,900 (-1.2%) | $325,163 (-3.2%) | 0.89 | 1,386 |
| 2019-08-01 | $282,757 (1.0%) | $324,495 (-0.9%) | 0.89 | 1,319 |
| 2019-09-01 | $279,950 (-0.7%) | $321,010 (-6.2%) | 0.89 | 1,280 |
| 2019-10-01 | $280,900 (0.5%) | $323,174 (-0.4%) | 0.90 | 1,274 |
| 2019-11-01 | $279,900 (1.8%) | $320,863 (-0.5%) | 0.90 | 1,211 |
| 2019-12-01 | $280,900 (0.4%) | $318,362 (-3.0%) | 0.94 | 1,096 |
| 2020-01-01 | $275,000 (-2.5%) | $310,998 (-2.9%) | 0.92 | 1,102 |
| 2020-02-01 | $277,500 (-2.6%) | $311,315 (-4.8%) | 0.90 | 1,287 |
| 2020-03-01 | $273,900 (-3.0%) | $310,489 (-5.1%) | 0.86 | 1,572 |
| 2020-04-01 | $276,250 (-1.1%) | $314,927 (-2.4%) | 0.86 | 1,589 |
| 2020-05-01 | $275,000 (-2.1%) | $318,680 (0.0%) | 0.83 | 1,592 |
| 2020-06-01 | $277,450 (-2.6%) | $326,278 (0.4%) | 0.81 | 1,548 |
| 2020-07-01 | $279,900 (-1.8%) | $326,379 (0.4%) | 0.80 | 1,430 |
| 2020-08-01 | $279,900 (-1.0%) | $328,480 (1.2%) | 0.80 | 1,314 |
| 2020-09-01 | $277,000 (-1.1%) | $329,892 (2.8%) | 0.79 | 1,279 |
| 2020-10-01 | $279,000 (-0.7%) | $329,177 (1.9%) | 0.80 | 1,216 |
| 2020-11-01 | $280,082 (0.1%) | $331,285 (3.3%) | 0.80 | 1,099 |
| 2020-12-01 | $280,950 (0.0%) | $333,041 (4.6%) | 0.82 | 962 |
| 2021-01-01 | $285,000 (3.6%) | $335,756 (8.0%) | 0.84 | 815 |
| 2021-02-01 | $289,450 (4.3%) | $340,115 (9.3%) | 0.83 | 978 |
| 2021-03-01 | $289,900 (5.8%) | $338,201 (8.9%) | 0.81 | 1,063 |
| 2021-04-01 | $289,925 (5.0%) | $337,325 (7.1%) | 0.78 | 1,142 |
| 2021-05-01 | $294,057 (6.9%) | $341,033 (7.0%) | 0.77 | 1,126 |
| 2021-06-01 | $296,950 (7.0%) | $351,001 (7.6%) | 0.77 | 1,054 |
| 2021-07-01 | $294,400 (5.2%) | $353,000 (8.2%) | 0.76 | 1,024 |
| 2021-08-01 | $299,900 (7.2%) | $372,862 (13.5%) | 0.79 | 907 |
| 2021-09-01 | $301,450 (8.8%) | $378,947 (14.9%) | 0.79 | 803 |
| 2021-10-01 | $299,900 (7.5%) | $374,971 (13.9%) | 0.79 | 795 |
| 2021-11-01 | $299,400 (6.9%) | $375,884 (13.5%) | 0.79 | 784 |
| 2021-12-01 | $289,500 (3.0%) | $365,467 (9.7%) | 0.77 | 745 |
| 2022-01-01 | $298,900 (4.9%) | $361,002 (7.5%) | 0.80 | 705 |
| 2022-02-01 | $307,000 (6.1%) | $362,227 (6.5%) | 0.78 | 795 |
| 2022-03-01 | $310,000 (6.9%) | $366,660 (8.4%) | 0.77 | 884 |
| 2022-04-01 | $319,900 (10.3%) | $377,970 (12.1%) | 0.75 | 1,019 |
| 2022-05-01 | $319,900 (8.8%) | $383,966 (12.6%) | 0.72 | 999 |
| 2022-06-01 | $325,000 (9.5%) | $394,923 (12.5%) | 0.72 | 975 |
IOWA CITY's median listing price for 2022-06-01 was $325,000, a difference of
$28,050
(9.5%) versus the prior year and
$5,100 versus the prior month.
IOWA CITY's median listing price comes in at 72% of the national average.
IOWA CITY's average listing price for 2022-06-01 was $394,923, a difference of $43,922 (12.5%) versus the prior year and $10,957 versus the prior month.
For the 2022-06-01 period, IOWA CITY had 975 MLS listings, a difference of -24 listings (-2%) versus the prior month and -79 listings (-7%) versus the prior year.
IOWA CITY's median listing price comes in at 72% of the national average.
IOWA CITY's average listing price for 2022-06-01 was $394,923, a difference of $43,922 (12.5%) versus the prior year and $10,957 versus the prior month.
For the 2022-06-01 period, IOWA CITY had 975 MLS listings, a difference of -24 listings (-2%) versus the prior month and -79 listings (-7%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - IOWA CITY (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis| Date | Median Listing Time on Market | Median Square Footage |
|---|---|---|
| 2018-01-01 | 46 days | 2,154 sqft |
| 2018-02-01 | 40 days | 2,137 sqft |
| 2018-03-01 | 43 days | 2,190 sqft |
| 2018-04-01 | 51 days | 2,210 sqft |
| 2018-05-01 | 58 days | 2,185 sqft |
| 2018-06-01 | 60 days | 2,176 sqft |
| 2018-07-01 | 62 days | 2,138 sqft |
| 2018-08-01 | 61 days | 2,124 sqft |
| 2018-09-01 | 64 days | 2,110 sqft |
| 2018-10-01 | 70 days | 2,124 sqft |
| 2018-11-01 | 77 days | 2,100 sqft |
| 2018-12-01 | 95 days | 2,120 sqft |
| 2019-01-01 | 46 days | 2,137 sqft |
| 2019-02-01 | 39 days | 2,137 sqft |
| 2019-03-01 | 56 days | 2,115 sqft |
| 2019-04-01 | 53 days | 2,078 sqft |
| 2019-05-01 | 58 days | 2,097 sqft |
| 2019-06-01 | 60 days | 2,136 sqft |
| 2019-07-01 | 61 days | 2,137 sqft |
| 2019-08-01 | 59 days | 2,123 sqft |
| 2019-09-01 | 62 days | 2,096 sqft |
| 2019-10-01 | 65 days | 2,065 sqft |
| 2019-11-01 | 75 days | 2,062 sqft |
| 2019-12-01 | 91 days | 2,046 sqft |
| 2020-01-01 | 53 days | 2,001 sqft |
| 2020-02-01 | 39 days | 1,972 sqft |
| 2020-03-01 | 51 days | 1,987 sqft |
| 2020-04-01 | 55 days | 2,027 sqft |
| 2020-05-01 | 66 days | 2,028 sqft |
| 2020-06-01 | 70 days | 2,036 sqft |
| 2020-07-01 | 67 days | 2,010 sqft |
| 2020-08-01 | 68 days | 2,005 sqft |
| 2020-09-01 | 67 days | 1,989 sqft |
| 2020-10-01 | 66 days | 1,987 sqft |
| 2020-11-01 | 68 days | 1,998 sqft |
| 2020-12-01 | 76 days | 1,987 sqft |
| 2021-01-01 | 59 days | 2,010 sqft |
| 2021-02-01 | 37 days | 1,987 sqft |
| 2021-03-01 | 44 days | 1,972 sqft |
| 2021-04-01 | 45 days | 1,941 sqft |
| 2021-05-01 | 49 days | 1,909 sqft |
| 2021-06-01 | 50 days | 1,933 sqft |
| 2021-07-01 | 50 days | 1,932 sqft |
| 2021-08-01 | 51 days | 1,977 sqft |
| 2021-09-01 | 59 days | 1,957 sqft |
| 2021-10-01 | 52 days | 1,920 sqft |
| 2021-11-01 | 50 days | 1,925 sqft |
| 2021-12-01 | 60 days | 1,866 sqft |
| 2022-01-01 | 44 days | 1,868 sqft |
| 2022-02-01 | 48 days | 1,946 sqft |
| 2022-03-01 | 47 days | 1,926 sqft |
| 2022-04-01 | 38 days | 1,950 sqft |
| 2022-05-01 | 52 days | 1,964 sqft |
| 2022-06-01 | 59 days | 1,975 sqft |
IOWA CITY's median listing age (time on market) for 2022-06-01 was 59 days.
This
is 17%
longer
than the same period one year ago.
IOWA CITY's median square footage for active listings during the 2022-06-01 period was 1,975 sqft. One year prior, the average listing was 1,933 sqft.
IOWA CITY's median square footage for active listings during the 2022-06-01 period was 1,975 sqft. One year prior, the average listing was 1,933 sqft.
IOWA CITY, IA Market Loan Reason
| Loan Purpose | Originations | Total Value | Average Loan |
|---|---|---|---|
| Home Purchase | 4,210 | $902,540,000 | $214,380 |
| Refi | 2,981 | $716,705,000 | $240,424 |
| Cash Out Refi | 1,367 | $314,925,000 | $230,377 |
| Home Improvement | 602 | $40,810,000 | $67,791 |
| Other | 481 | $41,335,000 | $85,936 |
| NA | 1 | $2,645,000 | $2,645,000 |
Iowa City's most frequently cited loan purpose was Home Purchase, with 4,210 originations. The 2nd most popular reason was Refi, with 2,981 originations.
Interest Rate Frequencies
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 2.5-3% | 3,458 | $811,970,000 | $234,809 |
| 3-4% | 3,058 | $527,520,000 | $172,505 |
| <2.5% | 1,952 | $491,320,000 | $251,701 |
| 4-5% | 657 | $61,915,000 | $94,239 |
| 5-6% | 138 | $9,330,000 | $67,609 |
| 6-7% | 51 | $3,485,000 | $68,333 |
| 7-8% | 26 | $1,510,000 | $58,077 |
| Over 8% | 25 | $975,000 | $39,000 |
During 2021, Iowa City's most frequently originated rate bucket was 2.5-3%, with 3,458 originations.
Loan Sizing (IOWA CITY, IA MSA)
| Loan Size | Originations | Total Value | Average Loan |
|---|---|---|---|
| $200k-400k | 3,175 | $860,645,000 | $271,069 |
| $100k-200k | 3,130 | $478,870,000 | $152,994 |
| $100,000 or less | 2,621 | $126,995,000 | $48,453 |
| $400k-600k | 582 | $275,720,000 | $473,746 |
| $600k-1000k | 78 | $58,640,000 | $751,795 |
| $Over $1MM | 56 | $218,090,000 | $3,894,464 |
IOWA CITY's loan sizing saw the bucket of loans from $200k-400k with 3,175 originations, totaling $860,645,000 in origination value.
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan |
|---|---|---|---|
| 80-100% | 2,962 | $784,310,000 | $264,791 |
| 60-80% | 2,800 | $732,510,000 | $261,611 |
| Under 20% | 1,580 | $63,020,000 | $39,886 |
| 40-60% | 1,044 | $201,330,000 | $192,845 |
| 20-40% | 875 | $99,825,000 | $114,086 |
| Over 100% | 34 | $13,800,000 | $405,882 |
IOWA CITY's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 2,962 originations, totaling $784,310,000 in origination value.
