Lake City Mortgage Rates & Closing Costs

30yr Fixed Rate 15yr Fixed Rate FHA USDA VA 5/1 ARM

30 Year Fixed Rate mortgages in Lake City averaged 7.16% for the week of 2024-07-03, compared to the national average of 6.95% for the same period.

The average rate for the prior week (2024-06-27) was 6.67% and one month ago for the week of 2024-05-30, the average rate was 7.14%.

Lake City's average rate one year ago was 6.72%.

For refis of the same type during the week of 2024-07-03, the average rate was 7.15%.

Loan Type Date Rate
US 30 Year Fixed Rate 2024-07-03 6.95%
Lake City 30 Year Fixed Rate 2024-07-03 7.16%
Lake City 30 Year Fixed Rate Refi 2024-07-03 7.15%
Lake City 15 Year Fixed Rate 2024-07-03 6.15%
Lake City 15 Year Fixed Rate Refi 2024-07-03 6.15%
Lake City 30 Year FHA 2024-07-03 6.44%
Lake City 30 Year FHA Refi 2024-07-03 7.02%
Lake City 30 Year USDA 2024-07-03 6.84%
Lake City 30 Year USDA Refi 2024-07-03 6.94%
Lake City 30 Year VA 2024-07-03 6.79%
Lake City 30 Year VA Refi 2024-07-03 6.28%
Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations within Lake City, FL.

Lake 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 Lake City, FL 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 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
QUICKEN LOANS, LLC 28 6.85% $7,945
UNITED WHOLESALE MORTGAGE, LLC 23 6.94% $8,074
First Federal Bank 16 6.63% $6,247
MOVEMENT MORTGAGE, LLC 16 6.57% $6,948
AMERICAN FINANCIAL NETWORK, INC. 14 6.65% $10,207
CAMPUS USA 11 6.58% $3,921
FLORIDA 10 6.90% $5,161
AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 7 6.48% $9,260
THE MORTGAGE FIRM, INC. 6 7.06% $6,728
21ST MORTGAGE CORPORATION 5 7.25% $6,298
Ameris Bank 4 6.94% $5,815
SunState Federal Credit Union 4 7.38% $3,784
BROKER SOLUTIONS, INC. 4 7.34% $12,547
PENNYMAC LOAN SERVICES, LLC 4 6.39% $6,318
Wells Fargo Bank 4 6.25% $5,272
FBC MORTGAGE, LLC 4 6.50% $5,833
CROSSCOUNTRY MORTGAGE, LLC 3 6.98% $7,352
ATLANTIC BAY MORTGAGE GROUP, L.L.C. 3 7.46% $9,172
JPMorgan Chase Bank 3 6.54% $4,663
Seacoast National Bank 3 6.42% $4,637
UNION HOME MORTGAGE CORP. 3 6.50% $7,271
Metro City Bank 2 7.19% $6,115
TD Bank 2 6.54% $99
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 2 6.88% $8,001
BETTER MORTGAGE CORPORATION 2 6.00% $5,394
Mortgage Research Center, LLC 2 5.81% $9,303
VYSTAR 2 7.19% $2,559
Bank of America 2 7.63% $3,786
GUARANTEED RATE, INC. 2 7.19% $7,032
VANDERBILT MORTGAGE AND FINANCE, INC. 2 6.63% $4,564
Flagstar Bank, FSB 2 7.81% $10,147
Advisors Mortgage Group, L.L.C. 2 5.81% $4,721
Discover Bank 2 6.62% $0
Century Mortgage Company DBA Century Lending Company 2 7.56% $10,086
Suncoast Credit Union 2 5.88% $4,126
LOANDEPOT.COM, LLC 1 7.13% $5,444
Loan Simple, Inc. 1 6.13% $6,261
METROPLEX MORTGAGE SERVICES, INC. 1 8.25% $5,801
Morgan Stanley Private Bank 1 5.85% $3,519
MY MORTGAGE, INC. 1 6.63% $9,955
NAVY FEDERAL CREDIT UNION 1 5.63% $4,703
NEWREZ LLC 1 6.88% $12,948
North American Savings Bank, F.S.B. 1 9.25% $5,643
OAKTREE FUNDING CORP. 1 9.38% $8,999
OCMBC, INC. 1 8.25% $9,578
Paramount Residential Mortgage Group, Inc. 1 7.63% $5,046
PARTNERS 1 4.95% $6,103
ARK-LA-TEX FINANCIAL SERVICES, LLC. 1 7.50% $3,619
Plains Commerce Bank 1 7.88% $8,492
PNC Bank 1 6.50% $6,243
Prosperity Home Mortgage, LLC 1 7.00% $4,935
PROVIDENT FUNDING ASSOCIATES, L.P. 1 5.88% $4,333
AMERISAVE MORTGAGE CORPORATION 1 5.63% $9,204
RANLIFE, INC. 1 7.25% $6,365
Regions Bank 1 6.50% $5,682
ROYAL UNITED MORTGAGE LLC 1 6.88% $8,848
SIRVA MORTGAGE, INC. 1 6.00% $1,950
SOUTH CENTRAL BANK, INC. 1 6.13% $3,504
SOUTHEAST MORTGAGE OF GEORGIA, INC. 1 7.63% $6,364
South State Bank 1 6.88% $3,530
STOCKTON MORTGAGE CORPORATION 1 7.63% $11,321
AMERICAN HERITAGE LENDING, INC. 1 9.13% $12,038
The Dart Bank 1 7.13% $3,591
The Loan Store, Inc. 1 7.50% $4,311
AMERICAN FINANCIAL RESOURCES, INC. 1 5.88% $11,464
TOWNE MORTGAGE COMPANY 1 7.00% $3,671
TRIAD FINANCIAL SERVICES, INC. 1 7.25% $3,815
Truist 1 6.88% $5,922
ACADEMY MORTGAGE CORPORATION 1 6.50% $7,704
United Community Bank 1 6.00% $4,226
CARDINAL FINANCIAL 1 6.88% $6,133
DAS Acquisition Company, LLC 1 6.62% $6,459
BM Real Estate Services, Inc. 1 7.75% $6,151
EMBRACE HOME LOANS, INC. 1 6.99% $5,728
EVERETT FINANCIAL, INC. 1 7.13% $14,742
First-Citizens Bank & Trust Company 1 8.13% $4,734
Beeline Loans, Inc. 1 7.25% $5,590
FIRST MORTGAGE COMPANY, INC. 1 7.13% $4,451
Bank of England 1 6.75% $17,422
Gateway First Bank 1 6.50% $2,208
GUARANTEED RATE AFFINITY, LLC 1 6.10% $3,910
HOMESIDE FINANCIAL, LLC 1 7.13% $3,422
HOME SOLUTION LENDERS INC. 1 6.88% $5,365
INSPIRE HOME LOANS INC. 1 6.38% $4,312
Ixonia Bank 1 6.63% $7,425
JET HOMELOANS, LLC 1 6.88% $10,483

Lake City Average Closing Costs & Other Stats

Lake City, FL's 86 lenders originated 1,013 loans during 2023. The total origination value was $196,745,000, with an average loan value of $194,220.

Lake City's average closing costs are $5,829.

The top Lake City lender as defined by loan originations is QUICKEN LOANS, LLC, with 28 loans originated. Their average total fees are $7,945, which is $130 lower than the next largest lender, UNITED WHOLESALE MORTGAGE, LLC.

The lowest fee Lake City lenders (with over 10 loans originated) are CAMPUS USA ($3,921), FLORIDA ($5,161), First Federal Bank ($6,247), MOVEMENT MORTGAGE, LLC ($6,948) and QUICKEN LOANS, LLC ($7,945).

The lowest rate Lake City lenders (with over 10 loans originated) are MOVEMENT MORTGAGE, LLC (6.57%), CAMPUS USA (6.58%), First Federal Bank (6.63%), AMERICAN FINANCIAL NETWORK, INC. (6.65%) and QUICKEN LOANS, LLC (6.85%).

Lake City, FL 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
First Federal Bank $15,605,000 $14,600,000 -6.4% 7.4%
UNITED WHOLESALE MORTGAGE, LLC $14,470,000 $13,830,000 -4.4% 7.0%
QUICKEN LOANS, LLC $19,450,000 $13,125,000 -32.5% 6.7%
MOVEMENT MORTGAGE, LLC $12,650,000 $12,325,000 -2.6% 6.3%
AMERICAN FINANCIAL NETWORK, INC. $10,430,000 n/a 5.3%
Mortgage Research Center, LLC $6,100,000 $9,445,000 54.8% 4.8%
21ST MORTGAGE CORPORATION $11,440,000 $9,005,000 -21.3% 4.6%
CAMPUS USA $12,330,000 $6,350,000 -48.5% 3.2%
VYSTAR $10,660,000 $4,880,000 -54.2% 2.5%
FLORIDA $5,890,000 $4,025,000 -31.7% 2.0%
FBC MORTGAGE, LLC $1,505,000 $3,700,000 145.8% 1.9%
Seacoast National Bank $3,605,000 n/a 1.8%
GUARANTEED RATE, INC. $3,220,000 $3,260,000 1.2% 1.7%
AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC $2,430,000 $3,230,000 32.9% 1.6%
UNION HOME MORTGAGE CORP. $11,645,000 $2,985,000 -74.4% 1.5%
BROKER SOLUTIONS, INC. $1,425,000 $2,920,000 104.9% 1.5%
THE MORTGAGE FIRM, INC. $1,365,000 $2,715,000 98.9% 1.4%
SunState Federal Credit Union $2,770,000 $2,580,000 -6.9% 1.3%
VANDERBILT MORTGAGE AND FINANCE, INC. $1,045,000 $2,550,000 144.0% 1.3%
PENNYMAC LOAN SERVICES, LLC $4,560,000 $2,530,000 -44.5% 1.3%
Ameris Bank $4,315,000 $2,460,000 -43.0% 1.3%
TRIAD FINANCIAL SERVICES, INC. $5,685,000 $2,420,000 -57.4% 1.2%
CROSSCOUNTRY MORTGAGE, LLC $2,180,000 $2,220,000 1.8% 1.1%
CARDINAL FINANCIAL $2,320,000 $1,910,000 -17.7% 1.0%
AMERICAN FINANCIAL RESOURCES, INC. $3,155,000 $1,755,000 -44.4% 0.9%
AMERISAVE MORTGAGE CORPORATION $2,260,000 $1,705,000 -24.6% 0.9%
NAVY FEDERAL CREDIT UNION $5,040,000 $1,705,000 -66.2% 0.9%
FREEDOM MORTGAGE CORPORATION $3,365,000 $1,585,000 -52.9% 0.8%
LOANDEPOT.COM, LLC $6,430,000 $1,540,000 -76.0% 0.8%
ATLANTIC BAY MORTGAGE GROUP, L.L.C. $1,440,000 n/a 0.7%
NEW DAY FINANCIAL, LLC $1,230,000 $1,300,000 5.7% 0.7%
MILLENNIUM BANK $4,020,000 $1,260,000 -68.7% 0.6%
FAIRWAY INDEPENDENT MORTGAGE CORPORATION $2,390,000 $1,245,000 -47.9% 0.6%
Equity Prime Mortgage LLC $285,000 $1,240,000 335.1% 0.6%
SOUTHWEST STAGE FUNDING, LLC $1,195,000 $1,205,000 0.8% 0.6%
Century Mortgage Company DBA Century Lending Company $1,120,000 n/a 0.6%
Wells Fargo Bank $3,420,000 $1,045,000 -69.4% 0.5%
JPMorgan Chase Bank $1,345,000 $1,035,000 -23.0% 0.5%
JET HOMELOANS, LLC $1,000,000 n/a 0.5%
EVERETT FINANCIAL, INC. $75,000 $885,000 1,080.0% 0.4%
MUTUAL OF OMAHA MORTGAGE, INC. $340,000 $790,000 132.4% 0.4%
GUILD MORTGAGE COMPANY $775,000 n/a 0.4%
ACADEMY MORTGAGE CORPORATION $180,000 $770,000 327.8% 0.4%
Mortgage Lenders Investment Trading Corporation $2,990,000 $750,000 -74.9% 0.4%
Bank of America $880,000 $745,000 -15.3% 0.4%
Plains Commerce Bank $195,000 $740,000 279.5% 0.4%
INSPIRE HOME LOANS INC. $1,000,000 $705,000 -29.5% 0.4%
Flagstar Bank, FSB $1,425,000 $685,000 -51.9% 0.3%
LENDINGHOME FUNDING CORPORATION $355,000 $670,000 88.7% 0.3%
NEWREZ LLC $1,100,000 $655,000 -40.5% 0.3%
STOCKTON MORTGAGE CORPORATION $175,000 $640,000 265.7% 0.3%
Capital City Bank $735,000 $625,000 -15.0% 0.3%
AMERICAN PACIFIC MORTGAGE CORPORATION $1,825,000 $590,000 -67.7% 0.3%
Discover Bank $90,000 $540,000 500.0% 0.3%
Loan Simple, Inc. $540,000 n/a 0.3%
RANLIFE, INC. $1,855,000 $535,000 -71.2% 0.3%
TD Bank $2,295,000 $535,000 -76.7% 0.3%
HomePromise Corporation $530,000 n/a 0.3%
American Mortgage & Equity Consultants, Inc. $515,000 n/a 0.3%
Mr. Cooper ( Nationstar Mortgage ) $2,210,000 $510,000 -76.9% 0.3%
First Savings Bank $675,000 $505,000 -25.2% 0.3%
Regions Bank $745,000 $490,000 -34.2% 0.2%
South State Bank $1,465,000 $490,000 -66.6% 0.2%
CREDIT HUMAN FEDERAL CREDIT UNION $510,000 $485,000 -4.9% 0.2%
Thomasville National Bank $485,000 n/a 0.2%
Nations Lending Corporation $2,080,000 $475,000 -77.2% 0.2%
HOMEBRIDGE FINANCIAL SERVICES, INC. $345,000 $460,000 33.3% 0.2%
HOMESTAR FINANCIAL CORPORATION $460,000 n/a 0.2%
Prosperity Home Mortgage, LLC $460,000 n/a 0.2%
Figure Lending LLC $450,000 n/a 0.2%
Truist $280,000 $450,000 60.7% 0.2%
Barrington Bank & Trust Company, N.A. $1,015,000 $435,000 -57.1% 0.2%
USAA Federal Savings Bank $875,000 $435,000 -50.3% 0.2%
Goldwater Bank, N.A. $405,000 n/a 0.2%
MORTGAGE SOLUTIONS OF COLORADO, LLC $1,055,000 $385,000 -63.5% 0.2%
SIRVA MORTGAGE, INC. $385,000 n/a 0.2%
Advisors Mortgage Group, L.L.C. $2,540,000 $380,000 -85.0% 0.2%
Suncoast Credit Union $430,000 $380,000 -11.6% 0.2%
ARK-LA-TEX FINANCIAL SERVICES, LLC. $325,000 $360,000 10.8% 0.2%
CALIBER HOME LOANS, INC. $1,880,000 $360,000 -80.9% 0.2%
OAKTREE FUNDING CORP. $360,000 n/a 0.2%
United Community Bank $355,000 n/a 0.2%
Metro City Bank $350,000 n/a 0.2%
Paramount Residential Mortgage Group, Inc. $1,645,000 $350,000 -78.7% 0.2%
EMBRACE HOME LOANS, INC. $445,000 $345,000 -22.5% 0.2%
Renasant Bank $780,000 $345,000 -55.8% 0.2%
AMERICAN BANCSHARES MORTGAGE $325,000 n/a 0.2%
AgFirst Farm Credit Bank $585,000 $310,000 -47.0% 0.2%
BETTER MORTGAGE CORPORATION $785,000 $310,000 -60.5% 0.2%
AMERICAN HERITAGE LENDING, INC. $305,000 n/a 0.2%
FIRST COMMUNITY MORTGAGE, INC. $305,000 n/a 0.2%
FIRST MORTGAGE COMPANY, INC. $305,000 n/a 0.2%
HOMEXPRESS MORTGAGE CORP. $165,000 $305,000 84.8% 0.2%
MY MORTGAGE, INC. $275,000 $305,000 10.9% 0.2%
Third Federal Savings and Loan Association of Cleveland $760,000 $305,000 -59.9% 0.2%
SUCCESS MORTGAGE PARTNERS, INC. $295,000 n/a 0.1%
FAIRWINDS CREDIT UNION $200,000 $285,000 42.5% 0.1%
SOUTH CENTRAL BANK, INC. $285,000 n/a 0.1%
US MORTGAGE CORPORATION $285,000 n/a 0.1%
Acre Mortgage and Financial Inc $275,000 n/a 0.1%
Bank of England $115,000 $275,000 139.1% 0.1%
NFM, INC. $585,000 $275,000 -53.0% 0.1%
1ST SIGNATURE LENDING, LLC $470,000 $265,000 -43.6% 0.1%
PRIMARY RESIDENTIAL MORTGAGE, INC. $265,000 n/a 0.1%
VILLAGE CAPITAL MORTGAGE $185,000 $265,000 43.2% 0.1%
First-Citizens Bank & Trust Company $235,000 n/a 0.1%
SUN WEST MORTGAGE COMPANY, INC. $840,000 $235,000 -72.0% 0.1%
CSL Financial, LLC $225,000 n/a 0.1%
HOMESPIRE MORTGAGE CORPORATION $225,000 n/a 0.1%
PARTNERS $225,000 n/a 0.1%
Peoples Bank $225,000 n/a 0.1%
RELIANCE FIRST CAPITAL, LLC $105,000 $225,000 114.3% 0.1%
CMG MORTGAGE, INC. $590,000 $220,000 -62.7% 0.1%
GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION $220,000 n/a 0.1%
Summit Mortgage Corporation $220,000 n/a 0.1%
PNC Bank $3,905,000 $210,000 -94.6% 0.1%
Cornerstone First Mortgage, Inc $590,000 $205,000 -65.3% 0.1%
The Federal Savings Bank $195,000 $205,000 5.1% 0.1%
ROYAL UNITED MORTGAGE LLC $495,000 $200,000 -59.6% 0.1%
City National Bank of Florida $195,000 n/a 0.1%
DAS Acquisition Company, LLC $630,000 $195,000 -69.0% 0.1%
Morgan Stanley Private Bank $195,000 n/a 0.1%
PROVIDENT FUNDING ASSOCIATES, L.P. $370,000 $195,000 -47.3% 0.1%
RUOFF MORTGAGE COMPANY, INC. $195,000 n/a 0.1%
The Loan Store, Inc. $195,000 n/a 0.1%
MICHIGAN MUTUAL, INC. $105,000 $185,000 76.2% 0.1%
MORTGAGE FINANCIAL GROUP, INC. $185,000 n/a 0.1%
Gateway First Bank $435,000 $175,000 -59.8% 0.1%
GUARANTEED RATE AFFINITY, LLC $185,000 $175,000 -5.4% 0.1%
North American Savings Bank, F.S.B. $175,000 n/a 0.1%
The Dart Bank $175,000 n/a 0.1%
MID AMERICA MORTGAGE, INC. $165,000 $170,000 3.0% 0.1%
HOME SOLUTION LENDERS INC. $165,000 n/a 0.1%
Ixonia Bank $165,000 n/a 0.1%
OCMBC, INC. $165,000 n/a 0.1%
TOWNE MORTGAGE COMPANY $575,000 $165,000 -71.3% 0.1%
AMWEST FUNDING CORP. $155,000 n/a 0.1%
METROPLEX MORTGAGE SERVICES, INC. $355,000 $155,000 -56.3% 0.1%
SOUTHEAST MORTGAGE OF GEORGIA, INC. $155,000 n/a 0.1%
U.S. Bank $720,000 $155,000 -78.5% 0.1%
BM Real Estate Services, Inc. $145,000 n/a 0.1%
PHH Mortgage Corporation $85,000 $145,000 70.6% 0.1%
Southwest Airlines Federal Credit Union $145,000 n/a 0.1%
VAN DYK MORTGAGE CORPORATION $320,000 $145,000 -54.7% 0.1%
Beeline Loans, Inc. $135,000 n/a 0.1%
PLANET HOME LENDING, LLC $655,000 $125,000 -80.9% 0.1%
VELOCITY COMMUNITY Federal Credit Union $120,000 n/a 0.1%
FINANCE OF AMERICA REVERSE LLC $95,000 n/a 0.0%
Coastal Community Bank $80,000 n/a 0.0%
Bethpage Federal Credit Union $75,000 n/a 0.0%
COMMUNITY FIRST CREDIT UNION OF FLO $65,000 n/a 0.0%
HOMESIDE FINANCIAL, LLC $225,000 $65,000 -71.1% 0.0%
ALLIANT CREDIT UNION $55,000 $55,000 0.0% 0.0%
Lakeview Community Capital, LLC $50,000 n/a 0.0%
Carrington Mortgage Services, LLC $1,585,000 $35,000 -97.8% 0.0%
FIRST COMMERCE CREDIT UNION $35,000 n/a 0.0%
Home Loan Investment Bank, F.S.B. $25,000 n/a 0.0%

Lake City's top lender by overall market share is First Federal Bank, with 7.4% market share. In second place, with 7.0%, is UNITED WHOLESALE MORTGAGE, LLC, having originated $13,830,000 in loans. In third place, with 6.7%, is QUICKEN LOANS, LLC, having originated $13,125,000 in loans. In fourth place, with 6.3%, is MOVEMENT MORTGAGE, LLC, having originated $12,325,000 in loans. In fifth place, with 5.3%, is AMERICAN FINANCIAL NETWORK, INC., having originated $10,430,000 in loans.


Lake City Housing Market Trends (Median, Average Prices & Listing Count)

Realtor.com - Lake 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 $209,225 (16.7%) $245,276 (11.8%) 0.00 228
2018-02-01 $199,923 (11.1%) $236,901 (8.7%) 0.00 225
2018-03-01 $202,450 (9.5%) $241,887 (9.5%) 0.00 226
2018-04-01 $205,300 (8.1%) $252,286 (12.8%) 0.00 205
2018-05-01 $199,675 (1.0%) $257,380 (12.5%) 0.00 203
2018-06-01 $202,750 (6.0%) $270,349 (21.0%) 0.00 200
2018-07-01 $200,675 (5.7%) $271,372 (23.4%) 0.00 193
2018-08-01 $208,850 (7.1%) $263,909 (20.1%) 0.00 199
2018-09-01 $215,000 (10.3%) $248,783 (11.4%) 0.00 211
2018-10-01 $212,450 (9.0%) $254,753 (12.3%) 0.00 200
2018-11-01 $212,500 (6.8%) $253,211 (9.0%) 0.00 218
2018-12-01 $209,700 (2.3%) $253,459 (6.7%) 0.00 218
2019-01-01 $202,200 (-3.4%) $256,258 (4.5%) 0.00 211
2019-02-01 $204,450 (2.3%) $259,270 (9.4%) 0.00 212
2019-03-01 $211,857 (4.7%) $262,026 (8.3%) 0.00 202
2019-04-01 $215,000 (4.7%) $260,758 (3.4%) 0.00 198
2019-05-01 $220,450 (10.4%) $273,340 (6.2%) 0.00 196
2019-06-01 $224,900 (10.9%) $282,721 (4.6%) 0.00 184
2019-07-01 $228,200 (13.7%) $283,619 (4.5%) 0.00 176
2019-08-01 $229,900 (10.1%) $281,001 (6.5%) 0.00 181
2019-09-01 $227,650 (5.9%) $277,119 (11.4%) 0.00 186
2019-10-01 $228,150 (7.4%) $275,673 (8.2%) 0.00 185
2019-11-01 $227,400 (7.0%) $275,716 (8.9%) 0.00 158
2019-12-01 $236,900 (13.0%) $271,584 (7.2%) 0.00 143
2020-01-01 $227,400 (12.5%) $263,759 (2.9%) 0.00 137
2020-02-01 $222,500 (8.8%) $264,759 (2.1%) 0.00 151
2020-03-01 $219,450 (3.6%) $250,191 (-4.5%) 0.00 158
2020-04-01 $228,975 (6.5%) $257,860 (-1.1%) 0.00 146
2020-05-01 $239,650 (8.7%) $267,072 (-2.3%) 0.00 143
2020-06-01 $244,300 (8.6%) $276,865 (-2.1%) 0.00 136
2020-07-01 $246,250 (7.9%) $292,044 (3.0%) 0.00 122
2020-08-01 $245,900 (7.0%) $296,504 (5.5%) 0.00 120
2020-09-01 $242,475 (6.5%) $286,649 (3.4%) 0.00 106
2020-10-01 $260,000 (14.0%) $304,659 (10.5%) 0.00 108
2020-11-01 $254,925 (12.1%) $300,856 (9.1%) 0.00 104
2020-12-01 $258,225 (9.0%) $308,880 (13.7%) 0.00 99
2021-01-01 $255,000 (12.1%) $294,546 (11.7%) 0.00 91
2021-02-01 $264,925 (19.1%) $288,321 (8.9%) 0.00 81
2021-03-01 $272,450 (24.2%) $306,573 (22.5%) 0.00 75
2021-04-01 $274,925 (20.1%) $324,552 (25.9%) 0.00 68
2021-05-01 $299,900 (25.1%) $349,189 (30.8%) 0.00 83
2021-06-01 $298,963 (22.4%) $340,251 (22.9%) 0.00 93
2021-07-01 $281,500 (14.3%) $326,110 (11.7%) 0.00 108
2021-08-01 $282,081 (14.7%) $310,957 (4.9%) 0.00 110
2021-09-01 $287,000 (18.4%) $321,561 (12.2%) 0.00 114
2021-10-01 $284,500 (9.4%) $366,534 (20.3%) 0.00 109
2021-11-01 $274,950 (7.9%) $363,434 (20.8%) 0.00 118
2021-12-01 $272,450 (5.5%) $378,754 (22.6%) 0.00 112
2022-01-01 $267,000 (4.7%) $402,356 (36.6%) 0.00 94
2022-02-01 $289,225 (9.2%) $364,310 (26.4%) 0.00 79
2022-03-01 $299,900 (10.1%) $369,842 (20.6%) 0.00 87
2022-04-01 $290,445 (5.7%) $363,788 (12.1%) 0.00 96
2022-05-01 $298,868 (-0.3%) $370,219 (6.0%) 0.00 112
2022-06-01 $299,945 (0.3%) $370,678 (8.9%) 0.00 126
2022-07-01 $315,000 (11.9%) $383,066 (17.5%) 0.00 148
2022-08-01 $323,625 (14.7%) $385,472 (24.0%) 0.00 146
2022-09-01 $330,975 (15.3%) $394,581 (22.7%) 0.00 154
2022-10-01 $339,450 (19.3%) $385,544 (5.2%) 0.00 164
2022-11-01 $325,975 (18.6%) $368,858 (1.5%) 0.00 165
2022-12-01 $329,000 (20.8%) $366,548 (-3.2%) 0.00 176
2023-01-01 $315,000 (18.0%) $366,752 (-8.9%) 0.00 156
2023-02-01 $330,875 (14.4%) $376,103 (3.2%) 0.00 142
2023-03-01 $333,813 (11.3%) $372,500 (0.7%) 0.00 140
2023-04-01 $333,225 (14.7%) $385,380 (5.9%) 0.00 147
2023-05-01 $339,450 (13.6%) $392,789 (6.1%) 0.00 137
2023-06-01 $339,700 (13.3%) $390,671 (5.4%) 0.00 156
2023-07-01 $371,950 (18.1%) $411,073 (7.3%) 0.00 156
2023-08-01 $371,350 (14.8%) $428,261 (11.1%) 0.00 165
2023-09-01 $369,925 (11.8%) $427,465 (8.3%) 0.00 166
2023-10-01 $362,000 (6.6%) $417,389 (8.3%) 0.00 177
2023-11-01 $345,338 (5.9%) $407,571 (10.5%) 0.00 192
2023-12-01 $349,900 (6.4%) $412,161 (12.4%) 0.00 172
2024-01-01 $351,975 (11.7%) $405,680 (10.6%) 0.00 162
2024-02-01 $352,000 (6.4%) $407,471 (8.3%) 0.00 164
2024-03-01 $375,000 (12.3%) $418,821 (12.4%) 0.00 159
2024-04-01 $357,800 (7.4%) $436,544 (13.3%) 0.00 174
2024-05-01 $367,925 (8.4%) $447,924 (14.0%) 0.00 172
2024-06-01 $354,500 (4.4%) $436,116 (11.6%) 0.00 187
Lake City's median listing price for 2024-06-01 was $354,500, a difference of $14,800 (4.4%) versus the prior year and $-13,425 versus the prior month.

Lake City's median listing price comes in at 0% of the national average.

Lake City's average listing price for 2024-06-01 was $436,116, a difference of $45,445 (11.6%) versus the prior year and $-11,808 versus the prior month.

For the 2024-06-01 period, Lake City had 187 MLS listings, a difference of 15 listings (9%) versus the prior month and 31 listings (20%) versus the prior year.

Median Listing Time on Market & Square Footage

Realtor.com - Lake City (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Time on Market Median Square Footage
2018-01-01 0 days 1,919 sqft
2018-02-01 0 days 1,899 sqft
2018-03-01 0 days 1,931 sqft
2018-04-01 0 days 1,913 sqft
2018-05-01 0 days 1,885 sqft
2018-06-01 0 days 1,918 sqft
2018-07-01 0 days 1,899 sqft
2018-08-01 0 days 1,993 sqft
2018-09-01 0 days 1,863 sqft
2018-10-01 0 days 1,871 sqft
2018-11-01 0 days 1,909 sqft
2018-12-01 0 days 1,902 sqft
2019-01-01 0 days 1,899 sqft
2019-02-01 0 days 1,896 sqft
2019-03-01 0 days 1,907 sqft
2019-04-01 0 days 1,946 sqft
2019-05-01 0 days 2,053 sqft
2019-06-01 0 days 2,080 sqft
2019-07-01 0 days 2,110 sqft
2019-08-01 0 days 2,077 sqft
2019-09-01 0 days 2,007 sqft
2019-10-01 0 days 1,960 sqft
2019-11-01 0 days 1,956 sqft
2019-12-01 0 days 2,002 sqft
2020-01-01 0 days 1,880 sqft
2020-02-01 0 days 1,894 sqft
2020-03-01 0 days 1,852 sqft
2020-04-01 0 days 1,875 sqft
2020-05-01 0 days 1,862 sqft
2020-06-01 0 days 1,899 sqft
2020-07-01 0 days 1,906 sqft
2020-08-01 0 days 1,931 sqft
2020-09-01 0 days 1,911 sqft
2020-10-01 0 days 1,914 sqft
2020-11-01 0 days 1,907 sqft
2020-12-01 0 days 1,920 sqft
2021-01-01 0 days 1,832 sqft
2021-02-01 0 days 1,799 sqft
2021-03-01 0 days 1,810 sqft
2021-04-01 0 days 1,787 sqft
2021-05-01 0 days 2,048 sqft
2021-06-01 0 days 1,949 sqft
2021-07-01 0 days 1,812 sqft
2021-08-01 0 days 1,805 sqft
2021-09-01 0 days 1,804 sqft
2021-10-01 0 days 1,784 sqft
2021-11-01 0 days 1,801 sqft
2021-12-01 0 days 1,854 sqft
2022-01-01 0 days 1,806 sqft
2022-02-01 0 days 1,848 sqft
2022-03-01 0 days 1,869 sqft
2022-04-01 0 days 1,807 sqft
2022-05-01 0 days 1,776 sqft
2022-06-01 0 days 1,798 sqft
2022-07-01 0 days 1,818 sqft
2022-08-01 0 days 1,842 sqft
2022-09-01 0 days 1,897 sqft
2022-10-01 0 days 1,825 sqft
2022-11-01 0 days 1,760 sqft
2022-12-01 0 days 1,820 sqft
2023-01-01 0 days 1,755 sqft
2023-02-01 0 days 1,810 sqft
2023-03-01 0 days 1,778 sqft
2023-04-01 0 days 1,776 sqft
2023-05-01 0 days 1,776 sqft
2023-06-01 0 days 1,774 sqft
2023-07-01 0 days 1,830 sqft
2023-08-01 0 days 1,823 sqft
2023-09-01 0 days 1,819 sqft
2023-10-01 0 days 1,838 sqft
2023-11-01 0 days 1,816 sqft
2023-12-01 0 days 1,802 sqft
2024-01-01 0 days 1,918 sqft
2024-02-01 0 days 1,822 sqft
2024-03-01 0 days 1,843 sqft
2024-04-01 0 days 1,849 sqft
2024-05-01 0 days 1,858 sqft
2024-06-01 0 days 1,857 sqft
Lake City's median listing age (time on market) for 2024-06-01 was 0 days.

Lake City's median square footage for active listings during the 2024-06-01 period was 1,857 sqft. One year prior, the average listing was 1,774 sqft.

Lake City, FL Market Loan Reason

Loan Purpose Originations Total Value Average Loan
Home Purchase 695 $154,435,000 $222,209
Cash Out Refi 170 $26,690,000 $157,000
Home Improvement 56 $5,310,000 $94,821
Other 54 $3,710,000 $68,704
Refi 38 $6,600,000 $173,684

Lake City's most frequently cited loan purpose was Home Purchase, with 695 originations. The 2nd most popular reason was Cash Out Refi, with 170 originations.

Interest Rate Frequencies

Loan Rate Originations Total Value Average Loan
6-7% 363 $82,585,000 $227,507
7-8% 260 $50,780,000 $195,308
Over 8% 190 $22,870,000 $120,368
5-6% 144 $32,100,000 $222,917
<2.5% 20 $220,000 $11,000
4-5% 18 $5,700,000 $316,667
2.5-3% 1 $25,000 $25,000

During 2023, Lake City's most frequently originated rate bucket was 6-7%, with 363 originations.

Loan Sizing (Lake City, FL MSA)

Loan Size Originations Total Value Average Loan
$100k-200k 390 $59,090,000 $151,513
$200k-400k 367 $100,515,000 $273,883
$100,000 or less 203 $10,555,000 $51,995
$400k-600k 46 $21,620,000 $470,000
$600k-1000k 6 $3,890,000 $648,333
$Over $1MM 1 $1,075,000 $1,075,000

Lake City's loan sizing saw the bucket of loans from $100k-200k with 390 originations, totaling $59,090,000 in origination value.

LTV Distribution

Loan to Value Originations Total Value Average Loan
80-100% 496 $120,270,000 $242,480
60-80% 181 $36,865,000 $203,674
Under 20% 104 $3,920,000 $37,692
40-60% 99 $17,015,000 $171,869
20-40% 98 $9,880,000 $100,816
Over 100% 22 $6,320,000 $287,273

Lake City's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 496 originations, totaling $120,270,000 in origination value.