JACKSON Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in Jackson averaged
6.69%
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
6.62% and
one month ago for the week of 2024-10-03, the
average rate was 6.12%.
Jackson's average rate one year ago was 7.86%.
For refis of the same type during the week of 2024-11-07, the average rate
was 7.39%.
| Loan Type | Date | Rate |
|---|---|---|
| US 30 Year Fixed Rate | 2024-11-07 | 6.79% |
| Jackson 30 Year Fixed Rate | 2024-11-07 | 6.69% |
| Jackson 30 Year Fixed Rate Refi | 2024-11-07 | 7.39% |
| Jackson 15 Year Fixed Rate | 2024-11-07 | 6.2% |
| Jackson 15 Year Fixed Rate Refi | 2024-11-07 | 6.5% |
| Jackson 30 Year FHA | 2024-11-07 | 6.25% |
| Jackson 30 Year FHA Refi | 2024-11-07 | 6.33% |
| Jackson 30 Year USDA | 2024-11-07 | 6.58% |
| Jackson 30 Year USDA Refi | 2024-11-07 | 6.28% |
| Jackson 30 Year VA | 2024-11-07 | 6.67% |
| Jackson 30 Year VA Refi | 2024-11-07 | 6.44% |
JACKSON 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 JACKSON, MI 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.).
JACKSON Average Closing Costs & Other Stats
JACKSON, MI's 126 lenders originated 2,948
loans during 2023. The total origination value was $470,660,000, with an average loan value of
$159,654.
JACKSON's average closing costs are $4,310.
The top JACKSON lender as defined by loan originations is The Dart Bank, with
92 loans originated. Their average total fees are
$3,391, which is $746
lower than the next largest lender,
Flagstar Bank, FSB.
The lowest fee JACKSON lenders (with over 10 loans originated) are
The Dart Bank ($3,391), RUOFF MORTGAGE COMPANY, INC. ($3,496), First Merchants Bank ($3,531), The Huntington National Bank ($3,561) and MORTGAGE CENTER L.C ($3,623).
The lowest rate JACKSON lenders (with over 10 loans originated) are
MORTGAGE CENTER L.C (6.50%), STAUNTON FINANCIAL, INC. (6.52%), LAKE MICHIGAN CREDIT UNION (6.58%), First Merchants Bank (6.59%) and RUOFF MORTGAGE COMPANY, INC. (6.72%).
JACKSON, MI 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 |
|---|---|---|---|---|
| QUICKEN LOANS, LLC | $59,705,000 | $36,395,000 | -39.0% | 7.7% |
| The Dart Bank | $36,685,000 | $26,365,000 | -28.1% | 5.6% |
| CP Financial Credit Union | $35,995,000 | $25,645,000 | -28.8% | 5.4% |
| MORTGAGE 1 INCORPORATED | $31,085,000 | $25,340,000 | -18.5% | 5.4% |
| Flagstar Bank, FSB | $35,375,000 | $25,065,000 | -29.1% | 5.3% |
| The Huntington National Bank | $28,210,000 | $23,950,000 | -15.1% | 5.1% |
| County National Bank | $34,780,000 | $22,930,000 | -34.1% | 4.9% |
| UNITED WHOLESALE MORTGAGE, LLC | $24,025,000 | $19,825,000 | -17.5% | 4.2% |
| RUOFF MORTGAGE COMPANY, INC. | $25,755,000 | $16,050,000 | -37.7% | 3.4% |
| Prudential Huntoon Paige Associates, LLC | $13,975,000 | n/a | 3.0% | |
| CROSSCOUNTRY MORTGAGE, LLC | $21,765,000 | $13,475,000 | -38.1% | 2.9% |
| Mortgage Research Center, LLC | $14,865,000 | $9,025,000 | -39.3% | 1.9% |
| TOWNE MORTGAGE COMPANY | $875,000 | $7,665,000 | 776.0% | 1.6% |
| Waterstone Mortgage Corporation | $10,675,000 | $7,075,000 | -33.7% | 1.5% |
| STAUNTON FINANCIAL, INC. | $5,160,000 | $7,030,000 | 36.2% | 1.5% |
| Comerica Bank | $8,750,000 | $6,790,000 | -22.4% | 1.4% |
| GreenStone Farm Credit Services, FLCA | $4,745,000 | $6,030,000 | 27.1% | 1.3% |
| Regions Bank | $115,000 | $5,755,000 | 4,904.3% | 1.2% |
| Independent Bank | $5,225,000 | $5,280,000 | 1.1% | 1.1% |
| LAKE MICHIGAN CREDIT UNION | $7,235,000 | $5,015,000 | -30.7% | 1.1% |
| COMMUNITY CHOICE CREDIT UNION | $4,155,000 | $4,575,000 | 10.1% | 1.0% |
| GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION | $7,895,000 | $4,555,000 | -42.3% | 1.0% |
| First Federal Bank of the Midwest | $3,780,000 | $4,530,000 | 19.8% | 1.0% |
| Fifth Third Bank | $10,200,000 | $4,330,000 | -57.5% | 0.9% |
| MICHIGAN STATE UNIVERSITY FEDERAL CREDIT UNION | $6,650,000 | $4,195,000 | -36.9% | 0.9% |
| UNION HOME MORTGAGE CORP. | $3,240,000 | $4,155,000 | 28.2% | 0.9% |
| PNC Bank | $11,420,000 | $3,120,000 | -72.7% | 0.7% |
| Southern Michigan Bank & Trust | $15,625,000 | $3,080,000 | -80.3% | 0.7% |
| NAVY FEDERAL CREDIT UNION | $1,295,000 | $3,035,000 | 134.4% | 0.6% |
| MORTGAGE CENTER L.C | $4,610,000 | $3,020,000 | -34.5% | 0.6% |
| PENNYMAC LOAN SERVICES, LLC | $3,040,000 | $2,860,000 | -5.9% | 0.6% |
| Mr. Cooper ( Nationstar Mortgage ) | $6,530,000 | $2,805,000 | -57.0% | 0.6% |
| University Bank | $2,190,000 | $2,780,000 | 26.9% | 0.6% |
| JPMorgan Chase Bank | $3,835,000 | $2,770,000 | -27.8% | 0.6% |
| Bank of America | $1,650,000 | $2,695,000 | 63.3% | 0.6% |
| First Merchants Bank | $3,310,000 | $2,630,000 | -20.5% | 0.6% |
| TRIAD FINANCIAL SERVICES, INC. | $4,160,000 | $2,630,000 | -36.8% | 0.6% |
| American 1 Credit Union | $2,495,000 | n/a | 0.5% | |
| ORIX REAL ESTATE CAPITAL, LLC | $2,405,000 | n/a | 0.5% | |
| Old National Bank | $19,555,000 | $2,340,000 | -88.0% | 0.5% |
| Eaton Community Bank | $2,270,000 | n/a | 0.5% | |
| GVC MORTGAGE, INC. | $2,510,000 | $2,265,000 | -9.8% | 0.5% |
| Citizens Bank | $2,490,000 | $2,205,000 | -11.4% | 0.5% |
| UNIVERSITY OF MICHIGAN CREDIT UNION | $1,485,000 | $2,065,000 | 39.1% | 0.4% |
| DFCU FINANCIAL | $3,140,000 | $2,035,000 | -35.2% | 0.4% |
| ROSS MORTGAGE CORPORATION | $755,000 | $1,985,000 | 162.9% | 0.4% |
| NEWREZ LLC | $2,930,000 | $1,860,000 | -36.5% | 0.4% |
| BROKER SOLUTIONS, INC. | $2,545,000 | $1,750,000 | -31.2% | 0.4% |
| The State Bank | $4,215,000 | $1,695,000 | -59.8% | 0.4% |
| HOWARD HANNA FINANCIAL SERVICES, INC. | $4,100,000 | $1,535,000 | -62.6% | 0.3% |
| NEW DAY FINANCIAL, LLC | $1,080,000 | $1,500,000 | 38.9% | 0.3% |
| AMERICAN FINANCIAL NETWORK, INC. | $1,455,000 | n/a | 0.3% | |
| HIGHLANDS RESIDENTIAL MORTGAGE, LTD. | $1,015,000 | $1,435,000 | 41.4% | 0.3% |
| LOANDEPOT.COM, LLC | $5,705,000 | $1,340,000 | -76.5% | 0.3% |
| MUTUAL OF OMAHA MORTGAGE, INC. | $1,405,000 | $1,335,000 | -5.0% | 0.3% |
| Wells Fargo Bank | $3,250,000 | $1,335,000 | -58.9% | 0.3% |
| DAS Acquisition Company, LLC | $580,000 | $1,315,000 | 126.7% | 0.3% |
| MICHIGAN MUTUAL, INC. | $2,330,000 | $1,275,000 | -45.3% | 0.3% |
| MICHIGAN FIRST CREDIT UNION | $295,000 | $1,250,000 | 323.7% | 0.3% |
| Morgan Stanley Private Bank | $800,000 | $1,165,000 | 45.6% | 0.2% |
| FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $2,465,000 | $1,140,000 | -53.8% | 0.2% |
| SUCCESS MORTGAGE PARTNERS, INC. | $1,125,000 | $1,110,000 | -1.3% | 0.2% |
| USAA Federal Savings Bank | $1,400,000 | $1,100,000 | -21.4% | 0.2% |
| 21ST MORTGAGE CORPORATION | $740,000 | $1,095,000 | 48.0% | 0.2% |
| MOVEMENT MORTGAGE, LLC | $685,000 | $1,080,000 | 57.7% | 0.2% |
| TLC COMMUNITY Credit Union | $2,325,000 | $1,070,000 | -54.0% | 0.2% |
| TOP FLITE FINANCIAL, INC. | $1,170,000 | $1,040,000 | -11.1% | 0.2% |
| FREEDOM MORTGAGE CORPORATION | $5,225,000 | $1,020,000 | -80.5% | 0.2% |
| ARK-LA-TEX FINANCIAL SERVICES, LLC. | $1,560,000 | $995,000 | -36.2% | 0.2% |
| J. VIRGIL, INC. | $2,330,000 | $980,000 | -57.9% | 0.2% |
| AMERISAVE MORTGAGE CORPORATION | $3,595,000 | $975,000 | -72.9% | 0.2% |
| Northpointe Bank | $1,170,000 | $950,000 | -18.8% | 0.2% |
| MARSHALL COMMUNITY CREDIT UNION | $880,000 | $945,000 | 7.4% | 0.2% |
| Homestead Savings Bank | $1,990,000 | $935,000 | -53.0% | 0.2% |
| GUILD MORTGAGE COMPANY | $920,000 | n/a | 0.2% | |
| COMMUNITY FINANCIAL CREDIT UNION | $920,000 | $915,000 | -0.5% | 0.2% |
| CARDINAL FINANCIAL | $1,955,000 | $910,000 | -53.5% | 0.2% |
| Carrington Mortgage Services, LLC | $2,205,000 | $910,000 | -58.7% | 0.2% |
| KeyBank | $1,335,000 | $900,000 | -32.6% | 0.2% |
| Lake Trust Credit Union | $710,000 | $815,000 | 14.8% | 0.2% |
| CREDIT UNION ONE | $545,000 | $800,000 | 46.8% | 0.2% |
| EQUITY RESOURCES, INC. | $2,145,000 | $790,000 | -63.2% | 0.2% |
| CONSUMERS | $1,315,000 | $780,000 | -40.7% | 0.2% |
| Mercantile Bank of Michigan | $1,440,000 | $780,000 | -45.8% | 0.2% |
| Directions Credit Union, Inc. | $630,000 | $770,000 | 22.2% | 0.2% |
| GUARANTEED RATE, INC. | $1,235,000 | $720,000 | -41.7% | 0.2% |
| BETTER MORTGAGE CORPORATION | $115,000 | $710,000 | 517.4% | 0.2% |
| DOMINION FINANCIAL SERVICES, LLC | $675,000 | n/a | 0.1% | |
| LAKEVIEW LOAN SERVICING, LLC | $2,305,000 | $675,000 | -70.7% | 0.1% |
| CHURCHILL MORTGAGE CORPORATION | $390,000 | $660,000 | 69.2% | 0.1% |
| ROYAL UNITED MORTGAGE LLC | $1,185,000 | $620,000 | -47.7% | 0.1% |
| GUARANTEED RATE AFFINITY, LLC | $315,000 | $610,000 | 93.7% | 0.1% |
| Platinum Home Mortgage Corporation | $375,000 | $610,000 | 62.7% | 0.1% |
| NexBank | $575,000 | n/a | 0.1% | |
| First Savings Bank | $1,840,000 | $570,000 | -69.0% | 0.1% |
| ALLIANT CREDIT UNION | $255,000 | $565,000 | 121.6% | 0.1% |
| BLG HOLDINGS, INC. | $720,000 | $565,000 | -21.5% | 0.1% |
| Discover Bank | $470,000 | $560,000 | 19.1% | 0.1% |
| Preston Home Loans Inc | $205,000 | $535,000 | 161.0% | 0.1% |
| The Federal Savings Bank | $855,000 | $530,000 | -38.0% | 0.1% |
| MEMBER FIRST MORTGAGE, LLC | $1,050,000 | $520,000 | -50.5% | 0.1% |
| LAFCU | $520,000 | $495,000 | -4.8% | 0.1% |
| Nations Lending Corporation | $435,000 | $485,000 | 11.5% | 0.1% |
| BMO Harris Bank | $475,000 | n/a | 0.1% | |
| CORNERSTONE HOME LENDING, INC. | $550,000 | $470,000 | -14.5% | 0.1% |
| FINANCE OF AMERICA REVERSE LLC | $465,000 | n/a | 0.1% | |
| Plains Commerce Bank | $985,000 | $465,000 | -52.8% | 0.1% |
| MEMBERFOCUS COMMUNITY | $460,000 | n/a | 0.1% | |
| NETWORK CAPITAL FUNDING CORPORATION | $130,000 | $455,000 | 250.0% | 0.1% |
| CALIBER HOME LOANS, INC. | $5,680,000 | $445,000 | -92.2% | 0.1% |
| RESIDENTIAL BANCORP | $445,000 | n/a | 0.1% | |
| TBK BANK, SSB | $445,000 | n/a | 0.1% | |
| ZILLOW HOME LOANS, LLC | $260,000 | $440,000 | 69.2% | 0.1% |
| EVANSVILLE TEACHERS | $430,000 | n/a | 0.1% | |
| HOMESTAR FINANCIAL CORPORATION | $425,000 | n/a | 0.1% | |
| U.S. Bank | $1,870,000 | $425,000 | -77.3% | 0.1% |
| Coastal Community Bank | $420,000 | n/a | 0.1% | |
| Macatawa Bank | $415,000 | n/a | 0.1% | |
| MJW Financial LLC | $415,000 | n/a | 0.1% | |
| THE MORTGAGE LINK, INC. | $415,000 | n/a | 0.1% | |
| Figure Lending LLC | $560,000 | $390,000 | -30.4% | 0.1% |
| AMERICAN HERITAGE LENDING, INC. | $365,000 | n/a | 0.1% | |
| PLAZA HOME MORTGAGE, INC. | $735,000 | $360,000 | -51.0% | 0.1% |
| NBKC BANK | $355,000 | n/a | 0.1% | |
| OAK MORTGAGE, LLC | $780,000 | $355,000 | -54.5% | 0.1% |
| SIRVA MORTGAGE, INC. | $350,000 | n/a | 0.1% | |
| VAN DYK MORTGAGE CORPORATION | $360,000 | $350,000 | -2.8% | 0.1% |
| NEXERA HOLDING LLC | $215,000 | $345,000 | 60.5% | 0.1% |
| Truist | $155,000 | $335,000 | 116.1% | 0.1% |
| The Loan Store, Inc. | $330,000 | n/a | 0.1% | |
| MMS MORTGAGE SERVICES, LTD. | $325,000 | n/a | 0.1% | |
| Equity Prime Mortgage LLC | $320,000 | $320,000 | 0.0% | 0.1% |
| HOMEBRIDGE FINANCIAL SERVICES, INC. | $320,000 | n/a | 0.1% | |
| ARBOR FINANCIAL CREDIT UNION | $1,015,000 | $310,000 | -69.5% | 0.1% |
| GENISYS | $495,000 | $310,000 | -37.4% | 0.1% |
| First Bank | $305,000 | n/a | 0.1% | |
| WINGS FINANCIAL | $355,000 | $305,000 | -14.1% | 0.1% |
| ADVIA | $15,000 | $300,000 | 1,900.0% | 0.1% |
| NFM, INC. | $295,000 | n/a | 0.1% | |
| PURDUE FEDERAL CREDIT UNION | $265,000 | $295,000 | 11.3% | 0.1% |
| Neighborhood Loans, Inc. | $1,440,000 | $280,000 | -80.6% | 0.1% |
| EVERETT FINANCIAL, INC. | $2,360,000 | $265,000 | -88.8% | 0.1% |
| TEACHERS CREDIT UNION | $265,000 | n/a | 0.1% | |
| AMERICAN PORTFOLIO MORTGAGE CORPORATION | $145,000 | $260,000 | 79.3% | 0.1% |
| Consumers Professional Credit Union | $430,000 | $260,000 | -39.5% | 0.1% |
| Michigan Educational Credit Union | $690,000 | $260,000 | -62.3% | 0.1% |
| The State Bank and Trust Company | $45,000 | $260,000 | 477.8% | 0.1% |
| ACADEMY MORTGAGE CORPORATION | $475,000 | $255,000 | -46.3% | 0.1% |
| DOW CHEMICAL EMPLOYEES' | $75,000 | $255,000 | 240.0% | 0.1% |
| GUARANTY HOME MORTGAGE CORPORATION | $255,000 | n/a | 0.1% | |
| INTERRA CREDIT UNION | $255,000 | n/a | 0.1% | |
| The Genoa Banking Company | $275,000 | $255,000 | -7.3% | 0.1% |
| LOANPAL, LLC | $85,000 | $250,000 | 194.1% | 0.1% |
| VILLAGE CAPITAL MORTGAGE | $755,000 | $250,000 | -66.9% | 0.1% |
| LIMA ONE CAPITAL, LLC | $245,000 | n/a | 0.1% | |
| PENTAGON FEDERAL CREDIT UNION | $35,000 | $245,000 | 600.0% | 0.1% |
| Prosperity Home Mortgage, LLC | $240,000 | n/a | 0.1% | |
| FIRST COLONY MORTGAGE CORPORATION | $235,000 | n/a | 0.0% | |
| American Airlines Federal Credit Union | $230,000 | n/a | 0.0% | |
| CLEARPATH LENDING | $300,000 | $225,000 | -25.0% | 0.0% |
| CONTOUR MORTGAGE CORPORATION | $225,000 | n/a | 0.0% | |
| FBC MORTGAGE, LLC | $530,000 | $215,000 | -59.4% | 0.0% |
| LONGBRIDGE FINANCIAL, LLC | $215,000 | n/a | 0.0% | |
| Third Federal Savings and Loan Association of Cleveland | $215,000 | n/a | 0.0% | |
| MICHIGAN SCHOOLS AND GOVERNMENT | $1,245,000 | $210,000 | -83.1% | 0.0% |
| MidFirst Bank | $210,000 | n/a | 0.0% | |
| Bank of Ann Arbor | $875,000 | $205,000 | -76.6% | 0.0% |
| Honor Credit Union | $1,415,000 | $205,000 | -85.5% | 0.0% |
| PLANET HOME LENDING, LLC | $430,000 | $200,000 | -53.5% | 0.0% |
| AMWEST FUNDING CORP. | $195,000 | n/a | 0.0% | |
| HOMESIDE FINANCIAL, LLC | $245,000 | $195,000 | -20.4% | 0.0% |
| TJC Mortgage, Inc. | $55,000 | $195,000 | 254.5% | 0.0% |
| Polish-American Federal Credit Union | $140,000 | $185,000 | 32.1% | 0.0% |
| GENEVA FINANCIAL, LLC | $890,000 | $180,000 | -79.8% | 0.0% |
| Dort Financial Credit Union | $105,000 | $175,000 | 66.7% | 0.0% |
| PREMIA MORTGAGE, LLC | $175,000 | n/a | 0.0% | |
| Sunflower Bank | $395,000 | $175,000 | -55.7% | 0.0% |
| CIVIC FINANCIAL SERVICES, LLC | $310,000 | $165,000 | -46.8% | 0.0% |
| CRESCENT MORTGAGE COMPANY | $165,000 | n/a | 0.0% | |
| Horizon Bank | $655,000 | $155,000 | -76.3% | 0.0% |
| Parda Federal Credit Union | $150,000 | n/a | 0.0% | |
| FINANCIAL PLUS CREDIT UNION | $145,000 | n/a | 0.0% | |
| EMM LOANS LLC | $135,000 | n/a | 0.0% | |
| First National Bank of Omaha | $135,000 | n/a | 0.0% | |
| Ixonia Bank | $135,000 | n/a | 0.0% | |
| Kellogg Community Credit Union | $55,000 | $135,000 | 145.5% | 0.0% |
| AMERICAN FINANCING CORPORATION | $245,000 | $130,000 | -46.9% | 0.0% |
| VIBE CREDIT UNION | $130,000 | n/a | 0.0% | |
| AMERICAN FINANCIAL RESOURCES, INC. | $230,000 | $125,000 | -45.7% | 0.0% |
| First United Bank and Trust Company | $125,000 | n/a | 0.0% | |
| Sturgis Bank & Trust Company | $235,000 | $115,000 | -51.1% | 0.0% |
| BAY EQUITY LLC | $165,000 | $105,000 | -36.4% | 0.0% |
| Centier Bank | $145,000 | $105,000 | -27.6% | 0.0% |
| GSF Mortgage Corporation | $105,000 | n/a | 0.0% | |
| MICHIGAN COLUMBUS | $105,000 | n/a | 0.0% | |
| PRIMELENDING, A PLAINSCAPITAL COMPANY | $220,000 | $105,000 | -52.3% | 0.0% |
| UNITED | $150,000 | $105,000 | -30.0% | 0.0% |
| CASE | $35,000 | $100,000 | 185.7% | 0.0% |
| ON Q FINANCIAL, INC. | $95,000 | n/a | 0.0% | |
| SPRING EQ, LLC | $45,000 | $95,000 | 111.1% | 0.0% |
| Zeal Credit Union | $95,000 | n/a | 0.0% | |
| GREENWOOD | $90,000 | n/a | 0.0% | |
| RELIANCE FIRST CAPITAL, LLC | $155,000 | $85,000 | -45.2% | 0.0% |
| ALL IN | $65,000 | n/a | 0.0% | |
| STAR USA FEDERAL CREDIT UNION | $25,000 | $65,000 | 160.0% | 0.0% |
| A&D Mortgage LLC | $55,000 | n/a | 0.0% | |
| Connexus Credit Union | $55,000 | n/a | 0.0% | |
| PARKSIDE | $45,000 | n/a | 0.0% | |
| OMNI Community Credit Union | $35,000 | n/a | 0.0% | |
| GREENSTATE CREDIT UNION | $410,000 | $15,000 | -96.3% | 0.0% |
JACKSON's top lender by overall market share is QUICKEN LOANS, LLC, with 7.7% market share. In second place, with 5.6%, is The Dart Bank, having originated $26,365,000 in loans. In third place, with 5.4%, is CP Financial Credit Union, having originated $25,645,000 in loans. In fourth place, with 5.4%, is MORTGAGE 1 INCORPORATED, having originated $25,340,000 in loans. In fifth place, with 5.3%, is Flagstar Bank, FSB, having originated $25,065,000 in loans.
JACKSON, MI 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.
| Zip Code | Metro | Studio Apartment Rent | 1BR Apartment Rent | 2BR Apartment Rent | 3BR Apartment Rent | 4BR Apartment Rent |
|---|---|---|---|---|---|---|
| 48118 | Jackson, MI MSA | $1,180 | $1,180 | $1,420 | $1,730 | $1,980 |
| 48158 | Jackson, MI MSA | $950 | $950 | $1,140 | $1,410 | $1,640 |
| 48827 | Jackson, MI MSA | $790 | $820 | $1,010 | $1,310 | $1,360 |
| 49201 | Jackson, MI MSA | $690 | $840 | $990 | $1,320 | $1,500 |
| 49202 | Jackson, MI MSA | $690 | $840 | $990 | $1,320 | $1,500 |
| 49203 | Jackson, MI MSA | $720 | $870 | $1,030 | $1,370 | $1,560 |
| 49204 | Jackson, MI MSA | $690 | $840 | $990 | $1,320 | $1,500 |
| 49224 | Jackson, MI MSA | $630 | $710 | $870 | $1,110 | $1,270 |
| 49230 | Jackson, MI MSA | $950 | $950 | $1,140 | $1,410 | $1,640 |
| 49233 | Jackson, MI MSA | $650 | $790 | $930 | $1,240 | $1,400 |
| 49234 | Jackson, MI MSA | $720 | $880 | $1,040 | $1,380 | $1,570 |
| 49237 | Jackson, MI MSA | $630 | $760 | $900 | $1,200 | $1,360 |
| 49240 | Jackson, MI MSA | $950 | $950 | $1,140 | $1,430 | $1,640 |
| 49241 | Jackson, MI MSA | $620 | $750 | $890 | $1,180 | $1,340 |
| 49245 | Jackson, MI MSA | $660 | $740 | $910 | $1,160 | $1,330 |
| 49246 | Jackson, MI MSA | $660 | $800 | $950 | $1,260 | $1,430 |
| 49249 | Jackson, MI MSA | $750 | $900 | $1,070 | $1,420 | $1,620 |
| 49250 | Jackson, MI MSA | $660 | $800 | $950 | $1,260 | $1,430 |
| 49251 | Jackson, MI MSA | $820 | $850 | $1,040 | $1,350 | $1,400 |
| 49252 | Jackson, MI MSA | $610 | $730 | $870 | $1,160 | $1,310 |
| 49254 | Jackson, MI MSA | $670 | $810 | $960 | $1,280 | $1,450 |
| 49259 | Jackson, MI MSA | $730 | $890 | $1,050 | $1,400 | $1,590 |
| 49261 | Jackson, MI MSA | $690 | $830 | $980 | $1,310 | $1,490 |
| 49263 | Jackson, MI MSA | $630 | $760 | $900 | $1,200 | $1,360 |
| 49264 | Jackson, MI MSA | $800 | $880 | $1,060 | $1,390 | $1,500 |
| 49269 | Jackson, MI MSA | $660 | $800 | $950 | $1,260 | $1,430 |
| 49272 | Jackson, MI MSA | $610 | $740 | $870 | $1,160 | $1,310 |
| 49277 | Jackson, MI MSA | $740 | $900 | $1,060 | $1,410 | $1,600 |
| 49283 | Jackson, MI MSA | $580 | $700 | $830 | $1,100 | $1,250 |
| 49284 | Jackson, MI MSA | $800 | $940 | $1,130 | $1,480 | $1,670 |
| 49285 | Jackson, MI MSA | $950 | $950 | $1,140 | $1,410 | $1,640 |
2022 Average & Median Rent Data Statistics
JACKSON, MI average 1BR rent: $844, median: $840
JACKSON, MI average 2BR rent: $1,006, median: $990
JACKSON, MI average 3BR rent: $1,314, median: $1,320
JACKSON, MI Market Loan Reason
| Loan Purpose | Originations | Total Value | Average Loan |
|---|---|---|---|
| Home Purchase | 1,662 | $341,830,000 | $205,674 |
| Cash Out Refi | 420 | $55,770,000 | $132,786 |
| Home Improvement | 354 | $21,980,000 | $62,090 |
| Other | 304 | $21,720,000 | $71,447 |
| Refi | 208 | $29,360,000 | $141,154 |
Jackson's most frequently cited loan purpose was Home Purchase, with 1,662 originations. The 2nd most popular reason was Cash Out Refi, with 420 originations.
Interest Rate Frequencies
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 6-7% | 1,066 | $189,510,000 | $177,777 |
| 7-8% | 716 | $122,230,000 | $170,712 |
| Over 8% | 483 | $37,805,000 | $78,271 |
| 5-6% | 339 | $77,645,000 | $229,041 |
| 4-5% | 19 | $4,495,000 | $236,579 |
| 3-4% | 15 | $2,465,000 | $164,333 |
| <2.5% | 4 | $2,440,000 | $610,000 |
During 2023, Jackson's most frequently originated rate bucket was 6-7%, with 1,066 originations.
Loan Sizing (JACKSON, MI MSA)
| Loan Size | Originations | Total Value | Average Loan |
|---|---|---|---|
| $100,000 or less | 1,169 | $64,765,000 | $55,402 |
| $100k-200k | 1,047 | $152,475,000 | $145,630 |
| $200k-400k | 624 | $168,960,000 | $270,769 |
| $400k-600k | 87 | $41,395,000 | $475,805 |
| $600k-1000k | 12 | $8,400,000 | $700,000 |
| $Over $1MM | 9 | $34,665,000 | $3,851,667 |
JACKSON's loan sizing saw the bucket of loans from $100,000 or less with 1,169 originations, totaling $64,765,000 in origination value.
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan |
|---|---|---|---|
| 80-100% | 1,204 | $236,600,000 | $196,512 |
| 60-80% | 500 | $113,590,000 | $227,180 |
| 20-40% | 348 | $26,810,000 | $77,040 |
| Under 20% | 288 | $11,840,000 | $41,111 |
| 40-60% | 225 | $35,405,000 | $157,356 |
| Over 100% | 24 | $8,900,000 | $370,833 |
JACKSON's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 1,204 originations, totaling $236,600,000 in origination value.