Lake City Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in Lake City averaged
6.85%
for the week of 2023-03-23, compared to the national average of
6.42% for the same period.
The average rate for the prior week (2023-03-16) was
6.83% and
one month ago for the week of 2023-02-16, the
average rate was 6.75%.
Lake City's average rate one year ago was 4.09%.
For refis of the same type during the week of 2023-03-23, the average rate
was 7.22%.
| Loan Type | Date | Rate |
|---|---|---|
| US 30 Year Fixed Rate | 2023-03-23 | 6.42% |
| Lake City 30 Year Fixed Rate | 2023-03-23 | 6.85% |
| Lake City 30 Year Fixed Rate Refi | 2023-03-23 | 7.22% |
| Lake City 15 Year Fixed Rate | 2023-03-23 | 6.5% |
| Lake City 15 Year Fixed Rate Refi | 2023-03-23 | 6.38% |
| Lake City 30 Year FHA | 2023-03-23 | 6.28% |
| Lake City 30 Year FHA Refi | 2023-03-23 | 6.55% |
| Lake City 30 Year USDA | 2023-03-23 | 6.4% |
| Lake City 30 Year USDA Refi | 2023-03-23 | 6.12% |
| Lake City 30 Year VA | 2023-03-23 | 6.62% |
| Lake City 30 Year VA Refi | 2023-03-23 | 5.55% |
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 106 lenders originated 1,441
loans during 2022. The total origination value was $290,745,000, with an average loan value of
$201,766.
Lake City's average closing costs are $5,436.
The top Lake City lender as defined by loan originations is QUICKEN LOANS, LLC, with
39 loans originated. Their average total fees are
$6,333, which is $266
higher than the next largest lender,
UNION HOME MORTGAGE CORP..
The lowest fee Lake City lenders (with over 10 loans originated) are
VYSTAR ($842), CAMPUS USA ($3,435), First Federal Bank ($4,666), FLORIDA ($5,279) and LOANDEPOT.COM, LLC ($5,862).
The lowest rate Lake City lenders (with over 10 loans originated) are
LOANDEPOT.COM, LLC (4.43%), CAMPUS USA (4.61%), VYSTAR (4.79%), QUICKEN LOANS, LLC (4.81%) and MOVEMENT MORTGAGE, LLC (4.97%).
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 | 2021 Loan Value | 2022 Loan Value | % Change | 2022 Market Share |
|---|---|---|---|---|
| QUICKEN LOANS, LLC | $39,185,000 | $19,450,000 | -50.4% | 6.7% |
| First Federal Bank | $28,170,000 | $15,605,000 | -44.6% | 5.4% |
| UNITED WHOLESALE MORTGAGE, LLC | $10,160,000 | $14,470,000 | 42.4% | 5.0% |
| MOVEMENT MORTGAGE, LLC | $11,185,000 | $12,650,000 | 13.1% | 4.4% |
| CAMPUS USA | $12,620,000 | $12,330,000 | -2.3% | 4.2% |
| UNION HOME MORTGAGE CORP. | $19,995,000 | $11,645,000 | -41.8% | 4.0% |
| 21ST MORTGAGE CORPORATION | $8,480,000 | $11,440,000 | 34.9% | 3.9% |
| VYSTAR | $12,465,000 | $10,660,000 | -14.5% | 3.7% |
| DRUMMOND COMMUNITY BANK | $7,395,000 | $9,965,000 | 34.8% | 3.4% |
| LOANDEPOT.COM, LLC | $4,570,000 | $6,430,000 | 40.7% | 2.2% |
| Mortgage Research Center, LLC | $12,195,000 | $6,100,000 | -50.0% | 2.1% |
| FLORIDA | $6,425,000 | $5,890,000 | -8.3% | 2.0% |
| TRIAD FINANCIAL SERVICES, INC. | $3,390,000 | $5,685,000 | 67.7% | 2.0% |
| Arbor Realty Trust, Inc. | $5,655,000 | n/a | 1.9% | |
| NAVY FEDERAL CREDIT UNION | $5,105,000 | $5,040,000 | -1.3% | 1.7% |
| PENNYMAC LOAN SERVICES, LLC | $3,905,000 | $4,560,000 | 16.8% | 1.6% |
| Ameris Bank | $7,850,000 | $4,315,000 | -45.0% | 1.5% |
| MILLENNIUM BANK | $2,775,000 | $4,020,000 | 44.9% | 1.4% |
| PNC Bank | $405,000 | $3,905,000 | 864.2% | 1.3% |
| Wells Fargo Bank | $3,355,000 | $3,420,000 | 1.9% | 1.2% |
| FREEDOM MORTGAGE CORPORATION | $8,925,000 | $3,365,000 | -62.3% | 1.2% |
| GUARANTEED RATE, INC. | $1,885,000 | $3,220,000 | 70.8% | 1.1% |
| AMERICAN FINANCIAL RESOURCES, INC. | $1,675,000 | $3,155,000 | 88.4% | 1.1% |
| Mortgage Lenders Investment Trading Corporation | $4,135,000 | $2,990,000 | -27.7% | 1.0% |
| SunState Federal Credit Union | $1,340,000 | $2,770,000 | 106.7% | 1.0% |
| COREVEST AMERICAN FINANCE LENDER LLC | $2,605,000 | n/a | 0.9% | |
| Advisors Mortgage Group, L.L.C. | $3,685,000 | $2,540,000 | -31.1% | 0.9% |
| AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC | $6,995,000 | $2,430,000 | -65.3% | 0.8% |
| FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $5,015,000 | $2,390,000 | -52.3% | 0.8% |
| CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP | $1,220,000 | $2,320,000 | 90.2% | 0.8% |
| HOME POINT FINANCIAL CORPORATION | $2,655,000 | $2,320,000 | -12.6% | 0.8% |
| TD Bank | $1,960,000 | $2,295,000 | 17.1% | 0.8% |
| AMERISAVE MORTGAGE CORPORATION | $3,010,000 | $2,260,000 | -24.9% | 0.8% |
| Mr. Cooper ( Nationstar Mortgage ) | $4,390,000 | $2,210,000 | -49.7% | 0.8% |
| CROSSCOUNTRY MORTGAGE, LLC | $635,000 | $2,180,000 | 243.3% | 0.7% |
| Nations Lending Corporation | $2,380,000 | $2,080,000 | -12.6% | 0.7% |
| CALIBER HOME LOANS, INC. | $4,955,000 | $1,880,000 | -62.1% | 0.6% |
| RANLIFE, INC. | $4,170,000 | $1,855,000 | -55.5% | 0.6% |
| AMERICAN PACIFIC MORTGAGE CORPORATION | $5,295,000 | $1,825,000 | -65.5% | 0.6% |
| LAKEVIEW LOAN SERVICING, LLC | $1,860,000 | $1,660,000 | -10.8% | 0.6% |
| Paramount Residential Mortgage Group, Inc. | $2,725,000 | $1,645,000 | -39.6% | 0.6% |
| Carrington Mortgage Services, LLC | $1,055,000 | $1,585,000 | 50.2% | 0.5% |
| FBC MORTGAGE, LLC | $1,550,000 | $1,505,000 | -2.9% | 0.5% |
| South State Bank | $465,000 | $1,465,000 | 215.1% | 0.5% |
| BROKER SOLUTIONS, INC. | $935,000 | $1,425,000 | 52.4% | 0.5% |
| Flagstar Bank, FSB | $910,000 | $1,425,000 | 56.6% | 0.5% |
| THE MORTGAGE FIRM, INC. | $2,295,000 | $1,365,000 | -40.5% | 0.5% |
| JPMorgan Chase Bank | $875,000 | $1,345,000 | 53.7% | 0.5% |
| GSF Mortgage Corporation | $1,315,000 | n/a | 0.5% | |
| PLAZA HOME MORTGAGE, INC. | $105,000 | $1,310,000 | 1,147.6% | 0.5% |
| NEW DAY FINANCIAL, LLC | $1,440,000 | $1,230,000 | -14.6% | 0.4% |
| SOUTHWEST STAGE FUNDING, LLC | $1,915,000 | $1,195,000 | -37.6% | 0.4% |
| NEWREZ LLC | $3,130,000 | $1,100,000 | -64.9% | 0.4% |
| MORTGAGE SOLUTIONS OF COLORADO, LLC | $1,055,000 | n/a | 0.4% | |
| VANDERBILT MORTGAGE AND FINANCE, INC. | $480,000 | $1,045,000 | 117.7% | 0.4% |
| Barrington Bank & Trust Company, N.A. | $290,000 | $1,015,000 | 250.0% | 0.3% |
| INSPIRE HOME LOANS INC. | $1,000,000 | n/a | 0.3% | |
| Bank of America | $875,000 | $880,000 | 0.6% | 0.3% |
| USAA Federal Savings Bank | $2,620,000 | $875,000 | -66.6% | 0.3% |
| PRIMELENDING, A PLAINSCAPITAL COMPANY | $975,000 | $870,000 | -10.8% | 0.3% |
| AMERIFIRST FINANCIAL CORPORATION | $1,060,000 | $840,000 | -20.8% | 0.3% |
| SUN WEST MORTGAGE COMPANY, INC. | $1,385,000 | $840,000 | -39.4% | 0.3% |
| BETTER MORTGAGE CORPORATION | $1,070,000 | $785,000 | -26.6% | 0.3% |
| Renasant Bank | $695,000 | $780,000 | 12.2% | 0.3% |
| Third Federal Savings and Loan Association of Cleveland | $145,000 | $760,000 | 424.1% | 0.3% |
| Regions Bank | $320,000 | $745,000 | 132.8% | 0.3% |
| Capital City Bank | $1,025,000 | $735,000 | -28.3% | 0.3% |
| U.S. Bank | $950,000 | $720,000 | -24.2% | 0.2% |
| First Savings Bank | $675,000 | n/a | 0.2% | |
| PLANET HOME LENDING, LLC | $210,000 | $655,000 | 211.9% | 0.2% |
| NETWORK CAPITAL FUNDING CORPORATION | $440,000 | $635,000 | 44.3% | 0.2% |
| DAS Acquisition Company, LLC | $420,000 | $630,000 | 50.0% | 0.2% |
| ANGEL OAK MORTGAGE SOLUTIONS LLC | $590,000 | $620,000 | 5.1% | 0.2% |
| Mid-Continent Funding, Inc. | $595,000 | $620,000 | 4.2% | 0.2% |
| NP, Inc. | $620,000 | n/a | 0.2% | |
| FINANCE OF AMERICA MORTGAGE LLC | $175,000 | $610,000 | 248.6% | 0.2% |
| Capital City Home Loans, LLC | $1,310,000 | $600,000 | -54.2% | 0.2% |
| CIVIC FINANCIAL SERVICES, LLC | $595,000 | n/a | 0.2% | |
| CMG MORTGAGE, INC. | $590,000 | n/a | 0.2% | |
| Cornerstone First Mortgage, Inc | $590,000 | n/a | 0.2% | |
| AgFirst Farm Credit Bank | $2,430,000 | $585,000 | -75.9% | 0.2% |
| NFM, INC. | $585,000 | n/a | 0.2% | |
| TOWNE MORTGAGE COMPANY | $385,000 | $575,000 | 49.4% | 0.2% |
| CityWorth Mortgage LLC | $570,000 | n/a | 0.2% | |
| LOANPAL, LLC | $125,000 | $530,000 | 324.0% | 0.2% |
| Citizens Bank | $640,000 | $525,000 | -18.0% | 0.2% |
| AMERICAN FINANCING CORPORATION | $1,175,000 | $520,000 | -55.7% | 0.2% |
| DOMINION FINANCIAL SERVICES, LLC | $515,000 | n/a | 0.2% | |
| CREDIT HUMAN FEDERAL CREDIT UNION | $800,000 | $510,000 | -36.3% | 0.2% |
| ROYAL UNITED MORTGAGE LLC | $970,000 | $495,000 | -49.0% | 0.2% |
| 1ST SIGNATURE LENDING, LLC | $645,000 | $470,000 | -27.1% | 0.2% |
| NEW FED MORTGAGE, CORP. | $455,000 | n/a | 0.2% | |
| TJC Mortgage, Inc. | $265,000 | $455,000 | 71.7% | 0.2% |
| EMBRACE HOME LOANS, INC. | $185,000 | $445,000 | 140.5% | 0.2% |
| Ally Bank | $1,385,000 | $440,000 | -68.2% | 0.2% |
| Gateway First Bank | $1,185,000 | $435,000 | -63.3% | 0.1% |
| Suncoast Credit Union | $340,000 | $430,000 | 26.5% | 0.1% |
| ROUNDPOINT MORTGAGE SERVICING CORPORATION | $425,000 | n/a | 0.1% | |
| Strong Home Mortgage, LLC | $165,000 | $415,000 | 151.5% | 0.1% |
| SPRING EQ, LLC | $180,000 | $405,000 | 125.0% | 0.1% |
| CHURCHILL MORTGAGE CORPORATION | $1,055,000 | $400,000 | -62.1% | 0.1% |
| TOP FLITE FINANCIAL, INC. | $390,000 | n/a | 0.1% | |
| FIRST TECHNOLOGY | $380,000 | n/a | 0.1% | |
| PROVIDENT FUNDING ASSOCIATES, L.P. | $370,000 | n/a | 0.1% | |
| CANOPY MORTGAGE, LLC | $365,000 | n/a | 0.1% | |
| Citibank | $360,000 | n/a | 0.1% | |
| Citizens Community Bank | $355,000 | n/a | 0.1% | |
| Gate City Bank | $355,000 | n/a | 0.1% | |
| LENDINGHOME FUNDING CORPORATION | $355,000 | n/a | 0.1% | |
| METROPLEX MORTGAGE SERVICES, INC. | $355,000 | n/a | 0.1% | |
| HOMEBRIDGE FINANCIAL SERVICES, INC. | $885,000 | $345,000 | -61.0% | 0.1% |
| AMERICAN ADVISORS GROUP | $665,000 | $340,000 | -48.9% | 0.1% |
| MUTUAL OF OMAHA MORTGAGE, INC. | $315,000 | $340,000 | 7.9% | 0.1% |
| ARK-LA-TEX FINANCIAL SERVICES, LLC. | $325,000 | n/a | 0.1% | |
| BANKERS MORTGAGE LENDING, INC. | $325,000 | n/a | 0.1% | |
| RESIDENTIAL BANCORP. | $325,000 | n/a | 0.1% | |
| VERITAS FUNDING, LLC | $325,000 | n/a | 0.1% | |
| VAN DYK MORTGAGE CORPORATION | $320,000 | n/a | 0.1% | |
| Sierra Pacific Mortgage Company, Inc. | $315,000 | n/a | 0.1% | |
| CONTOUR MORTGAGE CORPORATION | $295,000 | n/a | 0.1% | |
| DELMAR FINANCIAL COMPANY | $295,000 | n/a | 0.1% | |
| Equity Prime Mortgage LLC | $745,000 | $285,000 | -61.7% | 0.1% |
| KeyBank | $285,000 | n/a | 0.1% | |
| M&T Bank | $105,000 | $285,000 | 171.4% | 0.1% |
| Truist | $1,160,000 | $280,000 | -75.9% | 0.1% |
| MY MORTGAGE, INC. | $275,000 | n/a | 0.1% | |
| Northpointe Bank | $460,000 | $275,000 | -40.2% | 0.1% |
| OPEN MORTGAGE, LLC | $155,000 | $265,000 | 71.0% | 0.1% |
| NATIONWIDE MORTGAGE BANKERS, INC. | $1,040,000 | $260,000 | -75.0% | 0.1% |
| Baxter Credit Union | $255,000 | n/a | 0.1% | |
| FOUNDATION MORTGAGE CORPORATION | $255,000 | n/a | 0.1% | |
| POWER FINANCIAL | $255,000 | n/a | 0.1% | |
| AMCAP MORTGAGE, LTD. | $245,000 | n/a | 0.1% | |
| Coastline Federal Credit Union | $245,000 | n/a | 0.1% | |
| First Horizon Bank | $245,000 | n/a | 0.1% | |
| ENVOY MORTGAGE, LTD | $235,000 | n/a | 0.1% | |
| MIDFLORIDA | $765,000 | $235,000 | -69.3% | 0.1% |
| The Huntington National Bank | $145,000 | $235,000 | 62.1% | 0.1% |
| HOMESIDE FINANCIAL, LLC | $470,000 | $225,000 | -52.1% | 0.1% |
| LEADERONE FINANCIAL CORPORATION | $275,000 | $225,000 | -18.2% | 0.1% |
| Lend Smart Mortgage, LLC | $225,000 | n/a | 0.1% | |
| MILEND, INC. | $225,000 | n/a | 0.1% | |
| Eagle Bank and Trust Company | $220,000 | n/a | 0.1% | |
| HAMILTON HOME LOANS, INC. | $475,000 | $215,000 | -54.7% | 0.1% |
| LAND HOME FINANCIAL SERVICES, INC. | $215,000 | n/a | 0.1% | |
| OWNERSCHOICE FUNDING, INCORPORATED | $215,000 | n/a | 0.1% | |
| UNIVERSITY LENDING GROUP, LLC | $440,000 | $215,000 | -51.1% | 0.1% |
| ADDITION FINANCIAL | $205,000 | n/a | 0.1% | |
| MORTGAGE CENTER L.C | $205,000 | n/a | 0.1% | |
| FAIRWINDS CREDIT UNION | $200,000 | n/a | 0.1% | |
| Hometown Equity Mortgage, LLC | $250,000 | $195,000 | -22.0% | 0.1% |
| Plains Commerce Bank | $410,000 | $195,000 | -52.4% | 0.1% |
| The Federal Savings Bank | $1,715,000 | $195,000 | -88.6% | 0.1% |
| Wyndham Capital Mortgage, Inc. | $555,000 | $195,000 | -64.9% | 0.1% |
| ACHIEVA CREDIT UNION | $185,000 | n/a | 0.1% | |
| GUARANTEED RATE AFFINITY, LLC | $185,000 | n/a | 0.1% | |
| SOFI LENDING CORP. | $255,000 | $185,000 | -27.5% | 0.1% |
| VILLAGE CAPITAL MORTGAGE | $825,000 | $185,000 | -77.6% | 0.1% |
| ACADEMY MORTGAGE CORPORATION | $255,000 | $180,000 | -29.4% | 0.1% |
| EMM LOANS LLC | $155,000 | $175,000 | 12.9% | 0.1% |
| STOCKTON MORTGAGE CORPORATION | $865,000 | $175,000 | -79.8% | 0.1% |
| HOMEXPRESS MORTGAGE CORP. | $165,000 | n/a | 0.1% | |
| MID AMERICA MORTGAGE, INC. | $310,000 | $165,000 | -46.8% | 0.1% |
| SECURITYNATIONAL MORTGAGE COMPANY | $165,000 | n/a | 0.1% | |
| OVM FINANCIAL, INC. | $160,000 | n/a | 0.1% | |
| CIS Financial Services, Inc. | $425,000 | $155,000 | -63.5% | 0.1% |
| Fifth Third Bank | $155,000 | n/a | 0.1% | |
| Low VA Rates, LLC | $345,000 | $155,000 | -55.1% | 0.1% |
| First Heritage Mortgage, LLC | $150,000 | n/a | 0.1% | |
| USF Federal Credit Union | $145,000 | n/a | 0.0% | |
| VISION ONE MORTGAGE, INC. | $145,000 | n/a | 0.0% | |
| ABSOLUTE HOME MORTGAGE CORPORATION | $695,000 | $135,000 | -80.6% | 0.0% |
| Arvest Bank | $135,000 | n/a | 0.0% | |
| Citadel Servicing Corporation | $195,000 | $135,000 | -30.8% | 0.0% |
| DYBN FINANCIAL CORP. | $135,000 | n/a | 0.0% | |
| PUBLIX EMPLOYEES | $135,000 | n/a | 0.0% | |
| 121 FINANCIAL | $130,000 | n/a | 0.0% | |
| Bank of England | $685,000 | $115,000 | -83.2% | 0.0% |
| SOVEREIGN LENDING GROUP INCORPORATED | $205,000 | $115,000 | -43.9% | 0.0% |
| ALLIED MORTGAGE GROUP, INC. | $105,000 | n/a | 0.0% | |
| Chicago Mortgage Solutions LLC | $135,000 | $105,000 | -22.2% | 0.0% |
| MICHIGAN MUTUAL, INC. | $225,000 | $105,000 | -53.3% | 0.0% |
| RELIANCE FIRST CAPITAL, LLC | $175,000 | $105,000 | -40.0% | 0.0% |
| Discover Bank | $160,000 | $90,000 | -43.8% | 0.0% |
| GTE Federal Credit Union | $520,000 | $85,000 | -83.7% | 0.0% |
| PHH Mortgage Corporation | $350,000 | $85,000 | -75.7% | 0.0% |
| EVERETT FINANCIAL, INC. | $75,000 | n/a | 0.0% | |
| TRUMARK FINANCIAL CREDIT UNION | $75,000 | n/a | 0.0% | |
| United States Senate Federal Credit Union | $75,000 | n/a | 0.0% | |
| ALLIANT CREDIT UNION | $55,000 | n/a | 0.0% | |
| Synovus Bank | $55,000 | n/a | 0.0% | |
| CHERRY CREEK MORTGAGE, LLC | $35,000 | n/a | 0.0% | |
| POLICE & FIRE | $25,000 | n/a | 0.0% |
Lake City's top lender by overall market share is QUICKEN LOANS, LLC, with 6.7% market share. In second place, with 5.4%, is First Federal Bank, having originated $15,605,000 in loans. In third place, with 5.0%, is UNITED WHOLESALE MORTGAGE, LLC, having originated $14,470,000 in loans. In fourth place, with 4.4%, is MOVEMENT MORTGAGE, LLC, having originated $12,650,000 in loans. In fifth place, with 4.2%, is CAMPUS USA, having originated $12,330,000 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 | $212,500 (9.0%) | $254,753 (12.3%) | 0.00 | 200 |
| 2018-11-01 | $213,000 (7.1%) | $253,361 (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 | $202,200 (1.1%) | $259,001 (9.3%) | 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 | $219,950 (10.2%) | $273,032 (6.1%) | 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%) | $281,578 (6.7%) | 0.00 | 182 |
| 2019-09-01 | $227,650 (5.9%) | $278,561 (12.0%) | 0.00 | 186 |
| 2019-10-01 | $228,150 (7.4%) | $277,747 (9.0%) | 0.00 | 186 |
| 2019-11-01 | $228,900 (7.5%) | $278,112 (9.8%) | 0.00 | 159 |
| 2019-12-01 | $237,975 (13.5%) | $274,302 (8.2%) | 0.00 | 144 |
| 2020-01-01 | $228,675 (13.1%) | $266,565 (4.0%) | 0.00 | 138 |
| 2020-02-01 | $223,700 (10.6%) | $267,261 (3.2%) | 0.00 | 152 |
| 2020-03-01 | $219,450 (3.6%) | $252,815 (-3.5%) | 0.00 | 159 |
| 2020-04-01 | $229,000 (6.5%) | $259,141 (-0.6%) | 0.00 | 146 |
| 2020-05-01 | $239,650 (9.0%) | $267,072 (-2.2%) | 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 (5.3%) | 0.00 | 120 |
| 2020-09-01 | $242,475 (6.5%) | $286,649 (2.9%) | 0.00 | 106 |
| 2020-10-01 | $260,000 (14.0%) | $304,659 (9.7%) | 0.00 | 108 |
| 2020-11-01 | $254,925 (11.4%) | $300,856 (8.2%) | 0.00 | 104 |
| 2020-12-01 | $258,225 (8.5%) | $308,880 (12.6%) | 0.00 | 99 |
| 2021-01-01 | $255,000 (11.5%) | $294,546 (10.5%) | 0.00 | 91 |
| 2021-02-01 | $264,925 (18.4%) | $288,321 (7.9%) | 0.00 | 81 |
| 2021-03-01 | $272,450 (24.2%) | $306,573 (21.3%) | 0.00 | 75 |
| 2021-04-01 | $274,925 (20.1%) | $324,552 (25.2%) | 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%) | $366,982 (-8.8%) | 0.00 | 156 |
| 2023-02-01 | $330,875 (14.4%) | $376,103 (3.2%) | 0.00 | 142 |
Lake City's median listing price comes in at 0% of the national average.
Lake City's average listing price for 2023-02-01 was $376,103, a difference of $11,793 (3.2%) versus the prior year and $9,121 versus the prior month.
For the 2023-02-01 period, Lake City had 142 MLS listings, a difference of -14 listings (-9%) versus the prior month and 63 listings (80%) 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 | 2,056 sqft |
| 2019-06-01 | 0 days | 2,080 sqft |
| 2019-07-01 | 0 days | 2,110 sqft |
| 2019-08-01 | 0 days | 2,079 sqft |
| 2019-09-01 | 0 days | 2,012 sqft |
| 2019-10-01 | 0 days | 1,967 sqft |
| 2019-11-01 | 0 days | 1,960 sqft |
| 2019-12-01 | 0 days | 2,022 sqft |
| 2020-01-01 | 0 days | 1,888 sqft |
| 2020-02-01 | 0 days | 1,897 sqft |
| 2020-03-01 | 0 days | 1,861 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 | 1,821 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 | 1,828 sqft |
| 2022-11-01 | 0 days | 1,760 sqft |
| 2022-12-01 | 0 days | 1,820 sqft |
| 2023-01-01 | 0 days | 1,751 sqft |
| 2023-02-01 | 0 days | 1,810 sqft |
Lake City's median square footage for active listings during the 2023-02-01 period was 1,810 sqft. One year prior, the average listing was 1,848 sqft.
Lake City, FL Market Loan Reason
| Loan Purpose | Originations | Total Value | Average Loan |
|---|---|---|---|
| Home Purchase | 840 | $187,370,000 | $223,060 |
| Cash Out Refi | 335 | $60,275,000 | $179,925 |
| Refi | 135 | $31,005,000 | $229,667 |
| Home Improvement | 68 | $6,570,000 | $96,618 |
| Other | 63 | $5,525,000 | $87,698 |
Lake City's most frequently cited loan purpose was Home Purchase, with 840 originations. The 2nd most popular reason was Cash Out Refi, with 335 originations.
Interest Rate Frequencies
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 5-6% | 332 | $76,360,000 | $230,000 |
| 4-5% | 321 | $69,195,000 | $215,561 |
| 3-4% | 276 | $56,640,000 | $205,217 |
| 6-7% | 185 | $31,165,000 | $168,459 |
| 2.5-3% | 83 | $16,995,000 | $204,759 |
| 7-8% | 74 | $12,680,000 | $171,351 |
| Over 8% | 66 | $7,520,000 | $113,939 |
| <2.5% | 50 | $5,160,000 | $103,200 |
During 2022, Lake City's most frequently originated rate bucket was 5-6%, with 332 originations.
Loan Sizing (Lake City, FL MSA)
| Loan Size | Originations | Total Value | Average Loan |
|---|---|---|---|
| $100k-200k | 581 | $86,825,000 | $149,441 |
| $200k-400k | 512 | $136,420,000 | $266,445 |
| $100,000 or less | 264 | $15,720,000 | $59,545 |
| $400k-600k | 70 | $32,500,000 | $464,286 |
| $600k-1000k | 10 | $6,650,000 | $665,000 |
| $Over $1MM | 4 | $12,630,000 | $3,157,500 |
Lake City's loan sizing saw the bucket of loans from $100k-200k with 581 originations, totaling $86,825,000 in origination value.
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan |
|---|---|---|---|
| 80-100% | 617 | $141,265,000 | $228,955 |
| 60-80% | 352 | $74,920,000 | $212,841 |
| 40-60% | 172 | $34,310,000 | $199,477 |
| 20-40% | 112 | $10,460,000 | $93,393 |
| Under 20% | 108 | $4,750,000 | $43,981 |
| Over 100% | 22 | $9,270,000 | $421,364 |
Lake City's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 617 originations, totaling $141,265,000 in origination value.