JACKSON Mortgage Rates & Closing Costs
30yr Fixed Rate
15yr Fixed Rate
FHA
USDA
VA
5/1 ARM
30 Year Fixed Rate mortgages in Jackson averaged
6.51%
for the week of 2023-05-25, compared to the national average of
6.57% for the same period.
The average rate for the prior week (2023-05-18) was
6.13% and
one month ago for the week of 2023-04-20, the
average rate was 6.33%.
Jackson's average rate one year ago was 4.99%.
For refis of the same type during the week of 2023-05-25, the average rate
was 5.49%.
| Loan Type | Date | Rate |
|---|---|---|
| US 30 Year Fixed Rate | 2023-05-25 | 6.57% |
| Jackson 30 Year Fixed Rate | 2023-05-25 | 6.51% |
| Jackson 30 Year Fixed Rate Refi | 2023-05-25 | 5.49% |
| Jackson 15 Year Fixed Rate | 2023-05-25 | 6.32% |
| Jackson 15 Year Fixed Rate Refi | 2023-05-25 | 5.25% |
| Jackson 30 Year FHA | 2023-05-25 | 6.41% |
| Jackson 30 Year FHA Refi | 2023-05-25 | 6.71% |
| Jackson 30 Year USDA | 2023-05-25 | 6.53% |
| Jackson 30 Year USDA Refi | 2023-05-25 | 6.63% |
| Jackson 30 Year VA | 2023-05-25 | 6.42% |
| Jackson 30 Year VA Refi | 2023-05-25 | 6.21% |
Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations within JACKSON, MI.
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 147 lenders originated 4,176
loans during 2022. The total origination value was $672,390,000, with an average loan value of
$161,013.
JACKSON's average closing costs are $4,145.
The top JACKSON lender as defined by loan originations is QUICKEN LOANS, LLC, with
146 loans originated. Their average total fees are
$5,644, which is $2,479
higher than the next largest lender,
The Dart Bank.
The lowest fee JACKSON lenders (with over 10 loans originated) are
The State Bank ($2,057), Old National Bank ($2,772), RUOFF MORTGAGE COMPANY, INC. ($2,885), MORTGAGE CENTER L.C ($2,998) and The Dart Bank ($3,165).
The lowest rate JACKSON lenders (with over 10 loans originated) are
LAKE MICHIGAN CREDIT UNION (4.20%), MICHIGAN STATE UNIVERSITY FEDERAL CREDIT UNION (4.42%), Old National Bank (4.52%), First Merchants Bank (4.54%) and AMERISAVE MORTGAGE CORPORATION (4.58%).
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 | 2021 Loan Value | 2022 Loan Value | % Change | 2022 Market Share |
|---|---|---|---|---|
| QUICKEN LOANS, LLC | $130,135,000 | $59,705,000 | -54.1% | 8.9% |
| The Dart Bank | $47,330,000 | $36,685,000 | -22.5% | 5.5% |
| CP Financial Credit Union | $32,495,000 | $35,995,000 | 10.8% | 5.4% |
| Flagstar Bank, FSB | $53,495,000 | $35,375,000 | -33.9% | 5.3% |
| County National Bank | $60,595,000 | $34,780,000 | -42.6% | 5.2% |
| MORTGAGE 1 INCORPORATED | $48,820,000 | $31,085,000 | -36.3% | 4.6% |
| The Huntington National Bank | $45,890,000 | $28,210,000 | -38.5% | 4.2% |
| RUOFF MORTGAGE COMPANY, INC. | $45,935,000 | $25,755,000 | -43.9% | 3.8% |
| UNITED WHOLESALE MORTGAGE, LLC | $44,260,000 | $24,025,000 | -45.7% | 3.6% |
| CROSSCOUNTRY MORTGAGE, LLC | $28,185,000 | $21,765,000 | -22.8% | 3.2% |
| Old National Bank | $15,505,000 | $19,555,000 | 26.1% | 2.9% |
| Southern Michigan Bank & Trust | $635,000 | $15,625,000 | 2,360.6% | 2.3% |
| Mortgage Research Center, LLC | $12,730,000 | $14,865,000 | 16.8% | 2.2% |
| PNC Bank | $9,320,000 | $11,420,000 | 22.5% | 1.7% |
| Waterstone Mortgage Corporation | $17,815,000 | $10,675,000 | -40.1% | 1.6% |
| Fifth Third Bank | $17,425,000 | $10,200,000 | -41.5% | 1.5% |
| Comerica Bank | $12,090,000 | $8,750,000 | -27.6% | 1.3% |
| GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION | $9,175,000 | $7,895,000 | -14.0% | 1.2% |
| BELLWETHER ENTERPRISE REAL ESTATE CAPITAL, LLC | $7,765,000 | n/a | 1.2% | |
| LAKE MICHIGAN CREDIT UNION | $9,860,000 | $7,235,000 | -26.6% | 1.1% |
| HOME POINT FINANCIAL CORPORATION | $17,310,000 | $7,155,000 | -58.7% | 1.1% |
| MICHIGAN STATE UNIVERSITY FEDERAL CREDIT UNION | $4,855,000 | $6,650,000 | 37.0% | 1.0% |
| Mr. Cooper ( Nationstar Mortgage ) | $15,445,000 | $6,530,000 | -57.7% | 1.0% |
| LOANDEPOT.COM, LLC | $12,030,000 | $5,705,000 | -52.6% | 0.8% |
| CALIBER HOME LOANS, INC. | $12,980,000 | $5,680,000 | -56.2% | 0.8% |
| FREEDOM MORTGAGE CORPORATION | $21,770,000 | $5,225,000 | -76.0% | 0.8% |
| Independent Bank | $10,295,000 | $5,225,000 | -49.2% | 0.8% |
| STAUNTON FINANCIAL, INC. | $4,015,000 | $5,160,000 | 28.5% | 0.8% |
| GreenStone Farm Credit Services, FLCA | $10,895,000 | $4,745,000 | -56.4% | 0.7% |
| MORTGAGE CENTER L.C | $7,375,000 | $4,610,000 | -37.5% | 0.7% |
| The State Bank | $1,110,000 | $4,215,000 | 279.7% | 0.6% |
| TRIAD FINANCIAL SERVICES, INC. | $4,470,000 | $4,160,000 | -6.9% | 0.6% |
| COMMUNITY CHOICE CREDIT UNION | $2,470,000 | $4,155,000 | 68.2% | 0.6% |
| HOWARD HANNA FINANCIAL SERVICES, INC. | $6,620,000 | $4,100,000 | -38.1% | 0.6% |
| JPMorgan Chase Bank | $8,420,000 | $3,835,000 | -54.5% | 0.6% |
| First Federal Bank of the Midwest | $3,265,000 | $3,780,000 | 15.8% | 0.6% |
| AMERISAVE MORTGAGE CORPORATION | $8,585,000 | $3,595,000 | -58.1% | 0.5% |
| First Merchants Bank | $105,000 | $3,310,000 | 3,052.4% | 0.5% |
| Wells Fargo Bank | $21,855,000 | $3,250,000 | -85.1% | 0.5% |
| UNION HOME MORTGAGE CORP. | $10,155,000 | $3,240,000 | -68.1% | 0.5% |
| DFCU FINANCIAL | $3,065,000 | $3,140,000 | 2.4% | 0.5% |
| PENNYMAC LOAN SERVICES, LLC | $6,420,000 | $3,040,000 | -52.6% | 0.5% |
| NEWREZ LLC | $7,370,000 | $2,930,000 | -60.2% | 0.4% |
| BROKER SOLUTIONS, INC. | $3,450,000 | $2,545,000 | -26.2% | 0.4% |
| GVC MORTGAGE, INC. | $3,065,000 | $2,510,000 | -18.1% | 0.4% |
| Citizens Bank | $5,065,000 | $2,490,000 | -50.8% | 0.4% |
| FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $2,445,000 | $2,465,000 | 0.8% | 0.4% |
| EVERETT FINANCIAL, INC. | $1,300,000 | $2,360,000 | 81.5% | 0.4% |
| J. VIRGIL, INC. | $525,000 | $2,330,000 | 343.8% | 0.3% |
| MICHIGAN MUTUAL, INC. | $2,680,000 | $2,330,000 | -13.1% | 0.3% |
| TLC COMMUNITY Credit Union | $1,875,000 | $2,325,000 | 24.0% | 0.3% |
| LAKEVIEW LOAN SERVICING, LLC | $6,515,000 | $2,305,000 | -64.6% | 0.3% |
| Carrington Mortgage Services, LLC | $2,350,000 | $2,205,000 | -6.2% | 0.3% |
| University Bank | $545,000 | $2,190,000 | 301.8% | 0.3% |
| First Federal Savings and Loan Association of Lakewood | $3,395,000 | $2,165,000 | -36.2% | 0.3% |
| EQUITY RESOURCES, INC. | $2,310,000 | $2,145,000 | -7.1% | 0.3% |
| Homestead Savings Bank | $5,000,000 | $1,990,000 | -60.2% | 0.3% |
| CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP | $3,160,000 | $1,955,000 | -38.1% | 0.3% |
| U.S. Bank | $1,780,000 | $1,870,000 | 5.1% | 0.3% |
| First Savings Bank | $1,520,000 | $1,840,000 | 21.1% | 0.3% |
| AMERIFIRST FINANCIAL CORPORATION | $3,315,000 | $1,700,000 | -48.7% | 0.3% |
| UNIVERSITY LENDING GROUP, LLC | $6,580,000 | $1,700,000 | -74.2% | 0.3% |
| Bank of America | $2,415,000 | $1,650,000 | -31.7% | 0.2% |
| ARK-LA-TEX FINANCIAL SERVICES, LLC. | $1,420,000 | $1,560,000 | 9.9% | 0.2% |
| UNIVERSITY OF MICHIGAN CREDIT UNION | $1,240,000 | $1,485,000 | 19.8% | 0.2% |
| Mercantile Bank of Michigan | $3,020,000 | $1,440,000 | -52.3% | 0.2% |
| Neighborhood Loans, Inc. | $385,000 | $1,440,000 | 274.0% | 0.2% |
| Honor Credit Union | $770,000 | $1,415,000 | 83.8% | 0.2% |
| MUTUAL OF OMAHA MORTGAGE, INC. | $1,155,000 | $1,405,000 | 21.6% | 0.2% |
| USAA Federal Savings Bank | $2,560,000 | $1,400,000 | -45.3% | 0.2% |
| KeyBank | $3,675,000 | $1,335,000 | -63.7% | 0.2% |
| CONSUMERS | $1,965,000 | $1,315,000 | -33.1% | 0.2% |
| NAVY FEDERAL CREDIT UNION | $3,280,000 | $1,295,000 | -60.5% | 0.2% |
| MICHIGAN SCHOOLS AND GOVERNMENT | $105,000 | $1,245,000 | 1,085.7% | 0.2% |
| GUARANTEED RATE, INC. | $3,480,000 | $1,235,000 | -64.5% | 0.2% |
| ROYAL UNITED MORTGAGE LLC | $1,820,000 | $1,185,000 | -34.9% | 0.2% |
| Northpointe Bank | $2,295,000 | $1,170,000 | -49.0% | 0.2% |
| TOP FLITE FINANCIAL, INC. | $1,815,000 | $1,170,000 | -35.5% | 0.2% |
| SUCCESS MORTGAGE PARTNERS, INC. | $2,710,000 | $1,125,000 | -58.5% | 0.2% |
| NEW DAY FINANCIAL, LLC | $3,165,000 | $1,080,000 | -65.9% | 0.2% |
| MEMBER FIRST MORTGAGE, LLC | $1,540,000 | $1,050,000 | -31.8% | 0.2% |
| ARBOR FINANCIAL CREDIT UNION | $115,000 | $1,015,000 | 782.6% | 0.2% |
| HIGHLANDS RESIDENTIAL MORTGAGE, LTD. | $3,955,000 | $1,015,000 | -74.3% | 0.2% |
| Ally Bank | $1,795,000 | $985,000 | -45.1% | 0.1% |
| Plains Commerce Bank | $520,000 | $985,000 | 89.4% | 0.1% |
| Hometown Lenders, Inc. | $780,000 | $930,000 | 19.2% | 0.1% |
| COMMUNITY FINANCIAL CREDIT UNION | $2,395,000 | $920,000 | -61.6% | 0.1% |
| First Guaranty Mortgage Corporation | $1,355,000 | $920,000 | -32.1% | 0.1% |
| GENEVA FINANCIAL, LLC | $290,000 | $890,000 | 206.9% | 0.1% |
| MARSHALL COMMUNITY CREDIT UNION | $1,800,000 | $880,000 | -51.1% | 0.1% |
| Bank of Ann Arbor | $1,090,000 | $875,000 | -19.7% | 0.1% |
| TOWNE MORTGAGE COMPANY | $2,450,000 | $875,000 | -64.3% | 0.1% |
| CHERRY CREEK MORTGAGE, LLC | $125,000 | $860,000 | 588.0% | 0.1% |
| The Federal Savings Bank | $595,000 | $855,000 | 43.7% | 0.1% |
| AMERICAN ADVISORS GROUP | $715,000 | $810,000 | 13.3% | 0.1% |
| Morgan Stanley Private Bank | $800,000 | n/a | 0.1% | |
| OAK MORTGAGE, LLC | $220,000 | $780,000 | 254.5% | 0.1% |
| ROSS MORTGAGE CORPORATION | $920,000 | $755,000 | -17.9% | 0.1% |
| VILLAGE CAPITAL MORTGAGE | $4,060,000 | $755,000 | -81.4% | 0.1% |
| 21ST MORTGAGE CORPORATION | $805,000 | $740,000 | -8.1% | 0.1% |
| PLAZA HOME MORTGAGE, INC. | $1,030,000 | $735,000 | -28.6% | 0.1% |
| BLG HOLDINGS, INC. | $985,000 | $720,000 | -26.9% | 0.1% |
| Lake Trust Credit Union | $935,000 | $710,000 | -24.1% | 0.1% |
| Michigan Educational Credit Union | $710,000 | $690,000 | -2.8% | 0.1% |
| MOVEMENT MORTGAGE, LLC | $900,000 | $685,000 | -23.9% | 0.1% |
| Heartland Bank | $665,000 | n/a | 0.1% | |
| Horizon Bank | $655,000 | n/a | 0.1% | |
| Directions Credit Union, Inc. | $410,000 | $630,000 | 53.7% | 0.1% |
| First National Bank of America | $180,000 | $590,000 | 227.8% | 0.1% |
| DAS Acquisition Company, LLC | $580,000 | n/a | 0.1% | |
| PROVIDENT FUNDING ASSOCIATES, L.P. | $380,000 | $580,000 | 52.6% | 0.1% |
| MID AMERICA MORTGAGE, INC. | $1,415,000 | $570,000 | -59.7% | 0.1% |
| Figure Lending LLC | $215,000 | $560,000 | 160.5% | 0.1% |
| Texana Bank | $560,000 | n/a | 0.1% | |
| CORNERSTONE HOME LENDING, INC. | $550,000 | n/a | 0.1% | |
| CREDIT UNION ONE | $475,000 | $545,000 | 14.7% | 0.1% |
| FBC MORTGAGE, LLC | $530,000 | n/a | 0.1% | |
| LAFCU | $570,000 | $520,000 | -8.8% | 0.1% |
| GENISYS | $775,000 | $495,000 | -36.1% | 0.1% |
| Waterford Bank, N.A. | $485,000 | n/a | 0.1% | |
| North American Savings Bank, F.S.B. | $580,000 | $480,000 | -17.2% | 0.1% |
| ACADEMY MORTGAGE CORPORATION | $1,405,000 | $475,000 | -66.2% | 0.1% |
| Discover Bank | $305,000 | $470,000 | 54.1% | 0.1% |
| ANGEL OAK MORTGAGE SOLUTIONS LLC | $345,000 | $465,000 | 34.8% | 0.1% |
| Dearborn Federal Savings Bank | $465,000 | $465,000 | 0.0% | 0.1% |
| Nations Lending Corporation | $1,530,000 | $435,000 | -71.6% | 0.1% |
| Consumers Professional Credit Union | $430,000 | n/a | 0.1% | |
| PLANET HOME LENDING, LLC | $935,000 | $430,000 | -54.0% | 0.1% |
| GREENSTATE CREDIT UNION | $410,000 | n/a | 0.1% | |
| M&T Bank | $555,000 | $400,000 | -27.9% | 0.1% |
| Sunflower Bank | $215,000 | $395,000 | 83.7% | 0.1% |
| Chicago Financial Services, Inc. | $95,000 | $390,000 | 310.5% | 0.1% |
| CHURCHILL MORTGAGE CORPORATION | $910,000 | $390,000 | -57.1% | 0.1% |
| Commerce Bank | $385,000 | n/a | 0.1% | |
| HOMESTEAD FUNDING CORP. | $195,000 | $385,000 | 97.4% | 0.1% |
| Luxury Mortgage Corp. | $385,000 | n/a | 0.1% | |
| Platinum Home Mortgage Corporation | $1,040,000 | $375,000 | -63.9% | 0.1% |
| VAN DYK MORTGAGE CORPORATION | $555,000 | $360,000 | -35.1% | 0.1% |
| WINGS FINANCIAL | $225,000 | $355,000 | 57.8% | 0.1% |
| SOVEREIGN LENDING GROUP INCORPORATED | $330,000 | $330,000 | 0.0% | 0.0% |
| Equity Prime Mortgage LLC | $195,000 | $320,000 | 64.1% | 0.0% |
| NATIONWIDE MORTGAGE BANKERS, INC. | $195,000 | $320,000 | 64.1% | 0.0% |
| ALLIANCE CATHOLIC CREDIT UNION | $315,000 | n/a | 0.0% | |
| Capital Bank | $315,000 | n/a | 0.0% | |
| GUARANTEED RATE AFFINITY, LLC | $895,000 | $315,000 | -64.8% | 0.0% |
| CIVIC FINANCIAL SERVICES, LLC | $115,000 | $310,000 | 169.6% | 0.0% |
| NORWICH COMMERCIAL GROUP, INC. | $305,000 | n/a | 0.0% | |
| CLEARPATH LENDING | $1,145,000 | $300,000 | -73.8% | 0.0% |
| MICHIGAN FIRST CREDIT UNION | $1,475,000 | $295,000 | -80.0% | 0.0% |
| The Genoa Banking Company | $590,000 | $275,000 | -53.4% | 0.0% |
| Paramount Residential Mortgage Group, Inc. | $910,000 | $265,000 | -70.9% | 0.0% |
| PURDUE FEDERAL CREDIT UNION | $265,000 | n/a | 0.0% | |
| ZILLOW HOME LOANS, LLC | $775,000 | $260,000 | -66.5% | 0.0% |
| ALLIANT CREDIT UNION | $240,000 | $255,000 | 6.3% | 0.0% |
| ChoiceOne Bank | $255,000 | n/a | 0.0% | |
| AMERICAN FINANCING CORPORATION | $1,335,000 | $245,000 | -81.6% | 0.0% |
| Baxter Credit Union | $245,000 | n/a | 0.0% | |
| CMG MORTGAGE, INC. | $305,000 | $245,000 | -19.7% | 0.0% |
| HOMESIDE FINANCIAL, LLC | $1,145,000 | $245,000 | -78.6% | 0.0% |
| KELLER MORTGAGE, LLC | $145,000 | $245,000 | 69.0% | 0.0% |
| Wyndham Capital Mortgage, Inc. | $310,000 | $245,000 | -21.0% | 0.0% |
| MLD MORTGAGE INC. | $235,000 | n/a | 0.0% | |
| Quontic Bank | $235,000 | n/a | 0.0% | |
| Sturgis Bank & Trust Company | $15,000 | $235,000 | 1,466.7% | 0.0% |
| Adventure Credit Union | $230,000 | n/a | 0.0% | |
| AMERICAN FINANCIAL RESOURCES, INC. | $585,000 | $230,000 | -60.7% | 0.0% |
| General Mortgage Capital Corporation | $225,000 | n/a | 0.0% | |
| PRIMELENDING, A PLAINSCAPITAL COMPANY | $845,000 | $220,000 | -74.0% | 0.0% |
| Arvest Bank | $215,000 | n/a | 0.0% | |
| NEXERA HOLDING LLC | $215,000 | n/a | 0.0% | |
| LIBERTY HOME MORTGAGE CORPORATION | $380,000 | $210,000 | -44.7% | 0.0% |
| AMCAP MORTGAGE, LTD. | $205,000 | n/a | 0.0% | |
| FIRST TECHNOLOGY | $205,000 | n/a | 0.0% | |
| MYCUMORTGAGE, LLC | $205,000 | n/a | 0.0% | |
| Preston Home Loans Inc | $480,000 | $205,000 | -57.3% | 0.0% |
| Total Community Credit Union | $195,000 | n/a | 0.0% | |
| Citadel Servicing Corporation | $185,000 | n/a | 0.0% | |
| First Federal Bank | $1,510,000 | $185,000 | -87.7% | 0.0% |
| First Federal Savings Bank | $185,000 | n/a | 0.0% | |
| Peoples Bank | $115,000 | $185,000 | 60.9% | 0.0% |
| Barrington Bank & Trust Company, N.A. | $1,315,000 | $180,000 | -86.3% | 0.0% |
| BAY EQUITY LLC | $165,000 | n/a | 0.0% | |
| SILVER HILL FUNDING, LLC | $165,000 | n/a | 0.0% | |
| American Mortgage & Equity Consultants, Inc. | $105,000 | $155,000 | 47.6% | 0.0% |
| Commercial Bank | $980,000 | $155,000 | -84.2% | 0.0% |
| CREDIT UNION MORTGAGE ASSOCIATION, INC. | $135,000 | $155,000 | 14.8% | 0.0% |
| DRAPER AND KRAMER MORTGAGE CORP. | $155,000 | n/a | 0.0% | |
| RELIANCE FIRST CAPITAL, LLC | $235,000 | $155,000 | -34.0% | 0.0% |
| SOUTHWEST FUNDING, LP | $155,000 | n/a | 0.0% | |
| Truist | $155,000 | n/a | 0.0% | |
| UNITED | $35,000 | $150,000 | 328.6% | 0.0% |
| AMERICAN PORTFOLIO MORTGAGE CORPORATION | $1,100,000 | $145,000 | -86.8% | 0.0% |
| Centier Bank | $145,000 | n/a | 0.0% | |
| FINANCE OF AMERICA MORTGAGE LLC | $1,735,000 | $145,000 | -91.6% | 0.0% |
| Kish Bank | $145,000 | n/a | 0.0% | |
| REVERSE MORTGAGE FUNDING LLC | $145,000 | n/a | 0.0% | |
| THRIVENT Federal Credit Union | $145,000 | n/a | 0.0% | |
| Polish-American Federal Credit Union | $140,000 | n/a | 0.0% | |
| MILESTONE HOME LENDING, LLC | $135,000 | n/a | 0.0% | |
| NETWORK CAPITAL FUNDING CORPORATION | $130,000 | n/a | 0.0% | |
| Century Mortgage Company DBA Century Lending Company | $125,000 | n/a | 0.0% | |
| SUN WEST MORTGAGE COMPANY, INC. | $570,000 | $125,000 | -78.1% | 0.0% |
| SOUTHWEST STAGE FUNDING, LLC | $395,000 | $120,000 | -69.6% | 0.0% |
| BETTER MORTGAGE CORPORATION | $3,535,000 | $115,000 | -96.7% | 0.0% |
| Regions Bank | $115,000 | n/a | 0.0% | |
| INLANTA MORTGAGE, INC. | $195,000 | $110,000 | -43.6% | 0.0% |
| Dort Financial Credit Union | $230,000 | $105,000 | -54.3% | 0.0% |
| ELGA CREDIT UNION | $105,000 | n/a | 0.0% | |
| AmeriHome Mortgage Company, LLC | $1,090,000 | $95,000 | -91.3% | 0.0% |
| LOANPAL, LLC | $115,000 | $85,000 | -26.1% | 0.0% |
| DOW CHEMICAL EMPLOYEES' | $340,000 | $75,000 | -77.9% | 0.0% |
| Highpoint Community Bank | $205,000 | $75,000 | -63.4% | 0.0% |
| Isabella Bank | $75,000 | n/a | 0.0% | |
| NUMARK CREDIT UNION | $45,000 | $75,000 | 66.7% | 0.0% |
| VELOCITY COMMERCIAL CAPITAL, LLC | $75,000 | n/a | 0.0% | |
| GEORGIA'S OWN | $65,000 | n/a | 0.0% | |
| LAND HOME FINANCIAL SERVICES, INC. | $675,000 | $65,000 | -90.4% | 0.0% |
| GTE Federal Credit Union | $55,000 | n/a | 0.0% | |
| Kellogg Community Credit Union | $485,000 | $55,000 | -88.7% | 0.0% |
| TJC Mortgage, Inc. | $490,000 | $55,000 | -88.8% | 0.0% |
| CoVantage Credit Union | $45,000 | n/a | 0.0% | |
| SPRING EQ, LLC | $290,000 | $45,000 | -84.5% | 0.0% |
| The State Bank and Trust Company | $1,445,000 | $45,000 | -96.9% | 0.0% |
| CASE | $520,000 | $35,000 | -93.3% | 0.0% |
| PENTAGON FEDERAL CREDIT UNION | $645,000 | $35,000 | -94.6% | 0.0% |
| VANDERBILT MORTGAGE AND FINANCE, INC. | $240,000 | $35,000 | -85.4% | 0.0% |
| Home Loan Investment Bank, F.S.B. | $25,000 | n/a | 0.0% | |
| STAR USA FEDERAL CREDIT UNION | $35,000 | $25,000 | -28.6% | 0.0% |
| ADVIA | $80,000 | $15,000 | -81.3% | 0.0% |
JACKSON's top lender by overall market share is QUICKEN LOANS, LLC, with 8.9% market share. In second place, with 5.5%, is The Dart Bank, having originated $36,685,000 in loans. In third place, with 5.4%, is CP Financial Credit Union, having originated $35,995,000 in loans. In fourth place, with 5.3%, is Flagstar Bank, FSB, having originated $35,375,000 in loans. In fifth place, with 5.2%, is County National Bank, having originated $34,780,000 in loans.
JACKSON Housing Market Trends (Median, Average Prices & Listing Count)
Realtor.com - JACKSON (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 | $139,900 (5.1%) | $166,808 (-5.3%) | 0.52 | 630 |
| 2018-02-01 | $135,224 (-3.3%) | $167,998 (-7.1%) | 0.49 | 601 |
| 2018-03-01 | $139,900 (0.0%) | $168,190 (-8.5%) | 0.49 | 609 |
| 2018-04-01 | $139,900 (0.0%) | $173,935 (-6.2%) | 0.47 | 641 |
| 2018-05-01 | $149,925 (2.4%) | $181,447 (-3.0%) | 0.50 | 679 |
| 2018-06-01 | $156,000 (4.1%) | $190,078 (1.0%) | 0.52 | 702 |
| 2018-07-01 | $149,900 (0.0%) | $186,810 (0.6%) | 0.50 | 747 |
| 2018-08-01 | $152,196 (1.5%) | $187,922 (0.4%) | 0.51 | 761 |
| 2018-09-01 | $154,900 (-3.1%) | $192,572 (2.2%) | 0.52 | 796 |
| 2018-10-01 | $153,519 (2.4%) | $200,815 (8.8%) | 0.52 | 785 |
| 2018-11-01 | $149,700 (-1.0%) | $194,703 (7.9%) | 0.51 | 758 |
| 2018-12-01 | $144,950 (0.0%) | $192,672 (12.4%) | 0.50 | 690 |
| 2019-01-01 | $143,700 (2.7%) | $194,341 (16.5%) | 0.50 | 621 |
| 2019-02-01 | $144,925 (7.2%) | $196,136 (16.8%) | 0.49 | 612 |
| 2019-03-01 | $149,900 (7.2%) | $194,595 (15.7%) | 0.50 | 583 |
| 2019-04-01 | $152,225 (8.8%) | $213,765 (22.9%) | 0.48 | 598 |
| 2019-05-01 | $157,816 (5.3%) | $215,467 (18.8%) | 0.49 | 642 |
| 2019-06-01 | $161,250 (3.4%) | $218,633 (15.0%) | 0.50 | 670 |
| 2019-07-01 | $162,500 (8.4%) | $218,032 (16.7%) | 0.51 | 706 |
| 2019-08-01 | $160,000 (5.1%) | $217,517 (15.8%) | 0.50 | 710 |
| 2019-09-01 | $160,750 (3.8%) | $210,154 (9.1%) | 0.51 | 707 |
| 2019-10-01 | $159,900 (4.2%) | $199,452 (-0.7%) | 0.52 | 748 |
| 2019-11-01 | $158,950 (6.2%) | $199,632 (2.5%) | 0.52 | 680 |
| 2019-12-01 | $149,900 (3.4%) | $192,079 (-0.3%) | 0.50 | 596 |
| 2020-01-01 | $149,900 (4.3%) | $189,344 (-2.6%) | 0.50 | 542 |
| 2020-02-01 | $145,000 (0.1%) | $184,483 (-5.9%) | 0.47 | 539 |
| 2020-03-01 | $149,900 (0.0%) | $192,727 (-1.0%) | 0.47 | 534 |
| 2020-04-01 | $156,500 (2.8%) | $196,888 (-7.9%) | 0.49 | 492 |
| 2020-05-01 | $174,900 (10.8%) | $208,313 (-3.3%) | 0.53 | 508 |
| 2020-06-01 | $178,450 (10.7%) | $208,537 (-4.6%) | 0.53 | 551 |
| 2020-07-01 | $186,500 (14.8%) | $216,709 (-0.6%) | 0.54 | 563 |
| 2020-08-01 | $176,900 (10.6%) | $214,654 (-1.3%) | 0.51 | 534 |
| 2020-09-01 | $174,925 (8.8%) | $220,830 (5.1%) | 0.50 | 504 |
| 2020-10-01 | $174,900 (9.4%) | $225,728 (13.2%) | 0.50 | 494 |
| 2020-11-01 | $169,950 (6.9%) | $217,422 (8.9%) | 0.50 | 469 |
| 2020-12-01 | $162,450 (8.4%) | $207,429 (8.0%) | 0.48 | 433 |
| 2021-01-01 | $149,900 (0.0%) | $202,742 (7.1%) | 0.45 | 375 |
| 2021-02-01 | $149,450 (3.1%) | $202,757 (9.9%) | 0.43 | 308 |
| 2021-03-01 | $145,750 (-2.8%) | $210,125 (9.0%) | 0.41 | 285 |
| 2021-04-01 | $147,000 (-6.1%) | $209,094 (6.2%) | 0.40 | 292 |
| 2021-05-01 | $161,450 (-7.7%) | $216,561 (4.0%) | 0.43 | 354 |
| 2021-06-01 | $175,000 (-1.9%) | $230,312 (10.4%) | 0.46 | 416 |
| 2021-07-01 | $179,900 (-3.5%) | $236,488 (9.1%) | 0.47 | 464 |
| 2021-08-01 | $180,450 (2.0%) | $248,555 (15.8%) | 0.48 | 252 |
| 2021-09-01 | $180,950 (3.4%) | $234,776 (6.3%) | 0.48 | 291 |
| 2021-10-01 | $169,900 (-2.9%) | $215,217 (-4.7%) | 0.45 | 290 |
| 2021-11-01 | $157,150 (-7.5%) | $197,765 (-9.0%) | 0.42 | 262 |
| 2021-12-01 | $153,475 (-5.5%) | $200,618 (-3.3%) | 0.42 | 226 |
| 2022-01-01 | $164,000 (9.4%) | $212,332 (4.7%) | 0.44 | 213 |
| 2022-02-01 | $173,675 (16.2%) | $226,694 (11.8%) | 0.45 | 198 |
| 2022-03-01 | $177,975 (22.1%) | $234,701 (11.7%) | 0.45 | 178 |
| 2022-04-01 | $179,950 (22.4%) | $223,799 (7.0%) | 0.43 | 174 |
| 2022-05-01 | $189,975 (17.7%) | $248,341 (14.7%) | 0.43 | 197 |
| 2022-06-01 | $219,925 (25.7%) | $274,681 (19.3%) | 0.49 | 223 |
| 2022-07-01 | $229,000 (27.3%) | $282,730 (19.6%) | 0.52 | 278 |
| 2022-08-01 | $217,400 (20.5%) | $283,247 (14.0%) | 0.50 | 283 |
| 2022-09-01 | $219,950 (21.6%) | $286,814 (22.2%) | 0.51 | 298 |
| 2022-10-01 | $220,000 (29.5%) | $277,095 (28.8%) | 0.52 | 308 |
| 2022-11-01 | $212,250 (35.1%) | $270,966 (37.0%) | 0.51 | 291 |
| 2022-12-01 | $199,999 (30.3%) | $255,607 (27.4%) | 0.49 | 267 |
| 2023-01-01 | $193,200 (17.8%) | $252,845 (19.1%) | 0.48 | 229 |
| 2023-02-01 | $223,750 (28.8%) | $269,783 (19.0%) | 0.54 | 183 |
| 2023-03-01 | $234,625 (31.8%) | $288,378 (22.9%) | 0.55 | 159 |
| 2023-04-01 | $239,900 (33.3%) | $306,834 (37.1%) | 0.56 | 179 |
JACKSON's median listing price for 2023-04-01 was $239,900, a difference of
$59,950
(33.3%) versus the prior year and
$5,275 versus the prior month.
JACKSON's median listing price comes in at 56% of the national average.
JACKSON's average listing price for 2023-04-01 was $306,834, a difference of $83,035 (37.1%) versus the prior year and $18,456 versus the prior month.
For the 2023-04-01 period, JACKSON had 179 MLS listings, a difference of 20 listings (13%) versus the prior month and 5 listings (3%) versus the prior year.
JACKSON's median listing price comes in at 56% of the national average.
JACKSON's average listing price for 2023-04-01 was $306,834, a difference of $83,035 (37.1%) versus the prior year and $18,456 versus the prior month.
For the 2023-04-01 period, JACKSON had 179 MLS listings, a difference of 20 listings (13%) versus the prior month and 5 listings (3%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - JACKSON (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis| Date | Median Listing Time on Market | Median Square Footage |
|---|---|---|
| 2018-01-01 | 81 days | 1,596 sqft |
| 2018-02-01 | 77 days | 1,574 sqft |
| 2018-03-01 | 56 days | 1,600 sqft |
| 2018-04-01 | 51 days | 1,581 sqft |
| 2018-05-01 | 46 days | 1,605 sqft |
| 2018-06-01 | 44 days | 1,679 sqft |
| 2018-07-01 | 43 days | 1,663 sqft |
| 2018-08-01 | 46 days | 1,683 sqft |
| 2018-09-01 | 48 days | 1,705 sqft |
| 2018-10-01 | 53 days | 1,700 sqft |
| 2018-11-01 | 57 days | 1,661 sqft |
| 2018-12-01 | 67 days | 1,603 sqft |
| 2019-01-01 | 75 days | 1,590 sqft |
| 2019-02-01 | 74 days | 1,600 sqft |
| 2019-03-01 | 64 days | 1,669 sqft |
| 2019-04-01 | 48 days | 1,680 sqft |
| 2019-05-01 | 45 days | 1,658 sqft |
| 2019-06-01 | 45 days | 1,750 sqft |
| 2019-07-01 | 48 days | 1,763 sqft |
| 2019-08-01 | 58 days | 1,756 sqft |
| 2019-09-01 | 59 days | 1,727 sqft |
| 2019-10-01 | 53 days | 1,689 sqft |
| 2019-11-01 | 58 days | 1,693 sqft |
| 2019-12-01 | 68 days | 1,640 sqft |
| 2020-01-01 | 75 days | 1,639 sqft |
| 2020-02-01 | 64 days | 1,590 sqft |
| 2020-03-01 | 56 days | 1,594 sqft |
| 2020-04-01 | 63 days | 1,579 sqft |
| 2020-05-01 | 72 days | 1,650 sqft |
| 2020-06-01 | 45 days | 1,709 sqft |
| 2020-07-01 | 45 days | 1,740 sqft |
| 2020-08-01 | 47 days | 1,708 sqft |
| 2020-09-01 | 44 days | 1,700 sqft |
| 2020-10-01 | 43 days | 1,697 sqft |
| 2020-11-01 | 48 days | 1,696 sqft |
| 2020-12-01 | 50 days | 1,675 sqft |
| 2021-01-01 | 52 days | 1,560 sqft |
| 2021-02-01 | 52 days | 1,555 sqft |
| 2021-03-01 | 45 days | 1,558 sqft |
| 2021-04-01 | 34 days | 1,567 sqft |
| 2021-05-01 | 30 days | 1,621 sqft |
| 2021-06-01 | 33 days | 1,611 sqft |
| 2021-07-01 | 32 days | 1,600 sqft |
| 2021-08-01 | 24 days | 1,590 sqft |
| 2021-09-01 | 32 days | 1,614 sqft |
| 2021-10-01 | 37 days | 1,600 sqft |
| 2021-11-01 | 44 days | 1,539 sqft |
| 2021-12-01 | 51 days | 1,543 sqft |
| 2022-01-01 | 54 days | 1,525 sqft |
| 2022-02-01 | 51 days | 1,593 sqft |
| 2022-03-01 | 47 days | 1,555 sqft |
| 2022-04-01 | 40 days | 1,516 sqft |
| 2022-05-01 | 32 days | 1,576 sqft |
| 2022-06-01 | 33 days | 1,622 sqft |
| 2022-07-01 | 33 days | 1,728 sqft |
| 2022-08-01 | 39 days | 1,726 sqft |
| 2022-09-01 | 45 days | 1,700 sqft |
| 2022-10-01 | 47 days | 1,660 sqft |
| 2022-11-01 | 51 days | 1,652 sqft |
| 2022-12-01 | 59 days | 1,652 sqft |
| 2023-01-01 | 68 days | 1,638 sqft |
| 2023-02-01 | 63 days | 1,681 sqft |
| 2023-03-01 | 55 days | 1,699 sqft |
| 2023-04-01 | 38 days | 1,677 sqft |
JACKSON's median listing age (time on market) for 2023-04-01 was 38 days.
This
is -5%
shorter
than the same period one year ago.
JACKSON's median square footage for active listings during the 2023-04-01 period was 1,677 sqft. One year prior, the average listing was 1,516 sqft.
JACKSON's median square footage for active listings during the 2023-04-01 period was 1,677 sqft. One year prior, the average listing was 1,516 sqft.
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 | $970 | $970 | $1,170 | $1,450 | $1,710 |
| 48158 | Jackson, MI | $930 | $940 | $1,140 | $1,440 | $1,710 |
| 48827 | Jackson, MI | $700 | $730 | $890 | $1,140 | $1,210 |
| 49201 | Jackson, MI | $610 | $730 | $860 | $1,130 | $1,260 |
| 49202 | Jackson, MI | $610 | $730 | $860 | $1,130 | $1,260 |
| 49203 | Jackson, MI | $630 | $750 | $890 | $1,170 | $1,310 |
| 49204 | Jackson, MI | $620 | $740 | $870 | $1,140 | $1,280 |
| 49224 | Jackson, MI | $570 | $640 | $780 | $1,010 | $1,100 |
| 49230 | Jackson, MI | $930 | $940 | $1,140 | $1,440 | $1,710 |
| 49233 | Jackson, MI | $580 | $670 | $790 | $1,040 | $1,160 |
| 49234 | Jackson, MI | $650 | $780 | $920 | $1,210 | $1,350 |
| 49237 | Jackson, MI | $580 | $690 | $810 | $1,060 | $1,190 |
| 49240 | Jackson, MI | $930 | $940 | $1,140 | $1,440 | $1,710 |
| 49241 | Jackson, MI | $570 | $680 | $800 | $1,050 | $1,180 |
| 49245 | Jackson, MI | $570 | $640 | $790 | $1,020 | $1,110 |
| 49246 | Jackson, MI | $600 | $710 | $840 | $1,100 | $1,240 |
| 49249 | Jackson, MI | $650 | $770 | $910 | $1,190 | $1,340 |
| 49250 | Jackson, MI | $600 | $710 | $840 | $1,100 | $1,240 |
| 49251 | Jackson, MI | $700 | $740 | $900 | $1,160 | $1,230 |
| 49252 | Jackson, MI | $570 | $650 | $770 | $1,010 | $1,130 |
| 49254 | Jackson, MI | $600 | $720 | $850 | $1,120 | $1,250 |
| 49259 | Jackson, MI | $740 | $870 | $1,030 | $1,350 | $1,510 |
| 49261 | Jackson, MI | $610 | $730 | $860 | $1,130 | $1,260 |
| 49263 | Jackson, MI | $620 | $740 | $870 | $1,140 | $1,280 |
| 49264 | Jackson, MI | $710 | $780 | $950 | $1,220 | $1,320 |
| 49269 | Jackson, MI | $590 | $700 | $830 | $1,090 | $1,220 |
| 49272 | Jackson, MI | $620 | $690 | $810 | $1,060 | $1,160 |
| 49277 | Jackson, MI | $710 | $850 | $1,000 | $1,310 | $1,470 |
| 49283 | Jackson, MI | $570 | $640 | $760 | $990 | $1,110 |
| 49284 | Jackson, MI | $680 | $790 | $950 | $1,240 | $1,370 |
| 49285 | Jackson, MI | $930 | $940 | $1,140 | $1,440 | $1,710 |
2022 Average & Median Rent Data Statistics
JACKSON, MI average 1BR rent: $761, median: $730
JACKSON, MI average 2BR rent: $908, median: $870
JACKSON, MI average 3BR rent: $1,178, median: $1,140
JACKSON, MI Market Loan Reason
| Loan Purpose | Originations | Total Value | Average Loan |
|---|---|---|---|
| Home Purchase | 2,094 | $393,410,000 | $187,875 |
| Cash Out Refi | 907 | $142,695,000 | $157,326 |
| Refi | 528 | $90,040,000 | $170,530 |
| Home Improvement | 340 | $20,750,000 | $61,029 |
| Other | 307 | $25,495,000 | $83,046 |
Jackson's most frequently cited loan purpose was Home Purchase, with 2,094 originations. The 2nd most popular reason was Cash Out Refi, with 907 originations.
Interest Rate Frequencies
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 5-6% | 1,037 | $171,905,000 | $165,771 |
| 4-5% | 821 | $140,045,000 | $170,579 |
| 3-4% | 820 | $151,600,000 | $184,878 |
| 6-7% | 554 | $80,600,000 | $145,487 |
| 7-8% | 179 | $19,795,000 | $110,587 |
| 2.5-3% | 170 | $28,230,000 | $166,059 |
| Over 8% | 141 | $7,565,000 | $53,652 |
| <2.5% | 103 | $25,555,000 | $248,107 |
During 2022, Jackson's most frequently originated rate bucket was 5-6%, with 1,037 originations.
Loan Sizing (JACKSON, MI MSA)
| Loan Size | Originations | Total Value | Average Loan |
|---|---|---|---|
| $100k-200k | 1,700 | $243,880,000 | $143,459 |
| $100,000 or less | 1,408 | $82,240,000 | $58,409 |
| $200k-400k | 938 | $246,980,000 | $263,305 |
| $400k-600k | 96 | $45,280,000 | $471,667 |
| $600k-1000k | 29 | $20,355,000 | $701,897 |
| $Over $1MM | 5 | $33,655,000 | $6,731,000 |
JACKSON's loan sizing saw the bucket of loans from $100k-200k with 1,700 originations, totaling $243,880,000 in origination value.
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan |
|---|---|---|---|
| 80-100% | 1,685 | $322,625,000 | $191,469 |
| 60-80% | 989 | $191,475,000 | $193,605 |
| 20-40% | 427 | $33,815,000 | $79,192 |
| 40-60% | 412 | $57,370,000 | $139,248 |
| Under 20% | 337 | $12,935,000 | $38,383 |
| Over 100% | 30 | $8,470,000 | $282,333 |
JACKSON's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 1,685 originations, totaling $322,625,000 in origination value.