Lake City Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in Lake City averaged
6.91%
for the week of 2024-04-18, compared to the national average of
7.1% for the same period.
The average rate for the prior week (2024-04-11) was
6.99% and
one month ago for the week of 2024-03-14, the
average rate was 6.95%.
Lake City's average rate one year ago was 6.48%.
For refis of the same type during the week of 2024-04-18, the average rate
was 7%.
| Loan Type | Date | Rate |
|---|---|---|
| US 30 Year Fixed Rate | 2024-04-18 | 7.1% |
| Lake City 30 Year Fixed Rate | 2024-04-18 | 6.91% |
| Lake City 30 Year Fixed Rate Refi | 2024-04-18 | 7% |
| Lake City 15 Year Fixed Rate | 2024-04-18 | 6.49% |
| Lake City 15 Year Fixed Rate Refi | 2024-04-18 | 6.89% |
| Lake City 30 Year FHA | 2024-04-18 | 6.67% |
| Lake City 30 Year FHA Refi | 2024-04-18 | 7.16% |
| Lake City 30 Year USDA | 2024-04-18 | 6.76% |
| Lake City 30 Year USDA Refi | 2024-04-18 | 6.86% |
| Lake City 30 Year VA | 2024-04-18 | 6.87% |
| Lake City 30 Year VA Refi | 2024-04-18 | 6.76% |
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.).
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 |
Lake City's median listing price comes in at 0% of the national average.
Lake City's average listing price for 2024-03-01 was $418,821, a difference of $46,321 (12.4%) versus the prior year and $11,350 versus the prior month.
For the 2024-03-01 period, Lake City had 159 MLS listings, a difference of -5 listings (-3%) versus the prior month and 19 listings (14%) 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 |
Lake City's median square footage for active listings during the 2024-03-01 period was 1,843 sqft. One year prior, the average listing was 1,778 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.