Madison Mortgage Rates & Closing Costs

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

    30 Year Fixed Rate mortgages in Madison averaged 6.81% for the week of 2025-04-03, compared to the national average of 6.64% for the same period.

    The average rate for the prior week (2025-03-27) was 6.72% and one month ago for the week of 2025-02-27, the average rate was 6.93%.

    Madison's average rate one year ago was 6.96%.

    For refis of the same type during the week of 2025-04-03, the average rate was 6.74%.

    Loan Type Date Rate
    US 30 Year Fixed Rate 2025-04-03 6.64%
    Madison 30 Year Fixed Rate 2025-04-03 6.81%
    Madison 30 Year Fixed Rate Refi 2025-04-03 6.74%
    Madison 15 Year Fixed Rate 2025-04-03 5.82%
    Madison 15 Year Fixed Rate Refi 2025-04-03 6.12%
    Madison 30 Year FHA 2025-04-03 6.46%
    Madison 30 Year FHA Refi 2025-04-03 6.36%
    Madison 30 Year USDA 2025-04-03 6.32%
    Madison 30 Year USDA Refi 2025-04-03 6.12%
    Madison 30 Year VA 2025-04-03 5.96%
    Madison 30 Year VA Refi 2025-04-03 6.16%
    Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations within Madison, IN.

    Madison 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 Madison, IN 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 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
    German American Bank 30 6.40% $2,890
    RUOFF MORTGAGE COMPANY, INC. 23 6.91% $3,238
    The Friendship State Bank 21 6.79% $1,952
    Centra Credit Union 16 6.97% $2,873
    First Financial Bank 11 6.68% $5,096
    QUICKEN LOANS, LLC 10 6.80% $5,318
    AMERICAN PACIFIC MORTGAGE CORPORATION 6 7.49% $6,449
    Flagstar Bank, FSB 6 6.33% $2,904
    GENEVA FINANCIAL, LLC 5 6.90% $4,616
    CMG MORTGAGE, INC. 4 6.66% $4,109
    FAIR WAY LENDING LLC 4 6.49% $4,080
    UNITED WHOLESALE MORTGAGE, LLC 4 6.31% $5,850
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 3 7.17% $3,559
    Farm Credit Mid-America, ACA 3 7.08% $8,052
    LOANDEPOT.COM, LLC 3 7.41% $6,373
    The Loan Store, Inc. 3 7.04% $4,189
    STOCKTON MORTGAGE CORPORATION 2 7.75% $4,978
    Stock Yards Bank & Trust Company 2 6.63% $2,426
    ROYAL UNITED MORTGAGE LLC 2 6.19% $6,887
    LCNB National Bank 2 6.50% $2,726
    FREEDOM MORTGAGE CORPORATION 2 7.25% $5,192
    GVC MORTGAGE, INC. 2 7.36% $5,652
    SIRVA MORTGAGE, INC. 2 6.88% $135
    PNC Bank 1 7.00% $2,267
    Republic Bank & Trust Company 1 6.00% $2,946
    Texana Bank 1 6.63% $3,255
    AMERICAN FINANCIAL NETWORK, INC. 1 7.38% $8,068
    U.S. Bank 1 7.63% $4,014
    AmeriHome Mortgage Company, LLC 1 6.38% $2,688
    Century Mortgage Company DBA Century Lending Company 1 7.13% $9,655
    CHURCHILL MORTGAGE CORPORATION 1 6.50% $3,905
    DIRECT MORTGAGE LOANS, LLC 1 6.88% $10,686
    FIDELITY BANK 1 6.63% $4,001
    Fifth Third Bank 1 5.63% $3,109
    FIRST COMMUNITY MORTGAGE, INC. 1 6.13% $3,150
    First Financial Bank 1 6.50% $3,492
    First Merchants Bank 1 6.63% $4,693
    First Savings Bank 1 7.25% $2,461
    GUILD MORTGAGE COMPANY 1 6.99% $2,153
    HIGHLANDS RESIDENTIAL MORTGAGE, LTD. 1 6.88% $8,176
    INTERLINC MORTGAGE SERVICES, LLC 1 7.13% $12,101
    Jackson County Bank 1 6.38% $2,146
    JPMorgan Chase Bank 1 6.88% $500
    L & N Federal Credit Union 1 6.38% $1,905
    Magnolia Bank 1 6.63% $7,183
    MUTUAL OF OMAHA MORTGAGE, INC. 1 5.49% $7,128
    NAVY FEDERAL CREDIT UNION 1 5.38% $1,428
    Northwest Bank 1 5.75% $2,031
    PENNYMAC LOAN SERVICES, LLC 1 6.62% $7,322
    PLANET HOME LENDING, LLC 1 5.63% $4,021

    Madison Average Closing Costs & Other Stats

    Madison, IN's 50 lenders originated 798 loans during 2024. The total origination value was $135,380,000, with an average loan value of $169,649.

    Madison's average closing costs are $4,145.

    The top Madison lender as defined by loan originations is German American Bank, with 30 loans originated. Their average total fees are $2,890, which is $348 lower than the next largest lender, RUOFF MORTGAGE COMPANY, INC..

    The lowest fee Madison lenders (with over 10 loans originated) are The Friendship State Bank ($1,952), Centra Credit Union ($2,873), German American Bank ($2,890), RUOFF MORTGAGE COMPANY, INC. ($3,238) and First Financial Bank ($5,096).

    The lowest rate Madison lenders (with over 10 loans originated) are German American Bank (6.40%), First Financial Bank (6.68%), The Friendship State Bank (6.79%), QUICKEN LOANS, LLC (6.80%) and RUOFF MORTGAGE COMPANY, INC. (6.91%).

    Madison, IN 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 2023 Loan Value 2024 Loan Value % Change 2024 Market Share
    German American Bank $15,075,000 $36,585,000 142.7% 27.0%
    The Farmers Bank of Milton $12,165,000 $8,565,000 -29.6% 6.3%
    First Financial Bank $155,000 $7,995,000 5,058.1% 5.9%
    Centra Credit Union $5,210,000 $7,240,000 39.0% 5.3%
    GENEVA FINANCIAL, LLC $5,850,000 $6,785,000 16.0% 5.0%
    RUOFF MORTGAGE COMPANY, INC. $9,405,000 $6,360,000 -32.4% 4.7%
    QUICKEN LOANS, LLC $4,680,000 $4,825,000 3.1% 3.6%
    The Friendship State Bank $6,750,000 $4,470,000 -33.8% 3.3%
    Mortgage Research Center, LLC $2,780,000 $3,655,000 31.5% 2.7%
    First Merchants Bank $3,190,000 n/a 2.4%
    UNITED WHOLESALE MORTGAGE, LLC $3,025,000 $2,510,000 -17.0% 1.9%
    AMERICAN PACIFIC MORTGAGE CORPORATION $395,000 $2,290,000 479.7% 1.7%
    FREEDOM MORTGAGE CORPORATION $1,265,000 $2,175,000 71.9% 1.6%
    FAIR WAY LENDING LLC $1,770,000 $2,090,000 18.1% 1.5%
    PENNYMAC LOAN SERVICES, LLC $1,040,000 $1,940,000 86.5% 1.4%
    CMG MORTGAGE, INC. $1,900,000 n/a 1.4%
    Farm Credit Mid-America, ACA $1,970,000 $1,425,000 -27.7% 1.1%
    Century Mortgage Company DBA Century Lending Company $1,115,000 $1,400,000 25.6% 1.0%
    LOANDEPOT.COM, LLC $820,000 $1,400,000 70.7% 1.0%
    DIRECT MORTGAGE LOANS, LLC $1,295,000 n/a 1.0%
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION $335,000 $1,115,000 232.8% 0.8%
    Fifth Third Bank $395,000 $910,000 130.4% 0.7%
    NEW DAY FINANCIAL, LLC $215,000 $810,000 276.7% 0.6%
    BROKER SOLUTIONS, INC. $1,430,000 $805,000 -43.7% 0.6%
    NAVY FEDERAL CREDIT UNION $70,000 $785,000 1,021.4% 0.6%
    Magnolia Bank $565,000 $765,000 35.4% 0.6%
    PNC Bank $425,000 $725,000 70.6% 0.5%
    Flagstar Bank, FSB $45,000 $720,000 1,500.0% 0.5%
    Equity Prime Mortgage LLC $670,000 $710,000 6.0% 0.5%
    The Loan Store, Inc. $135,000 $665,000 392.6% 0.5%
    GUILD MORTGAGE COMPANY $640,000 n/a 0.5%
    STOCKTON MORTGAGE CORPORATION $465,000 $635,000 36.6% 0.5%
    SIRVA MORTGAGE, INC. $670,000 $630,000 -6.0% 0.5%
    GVC MORTGAGE, INC. $635,000 $600,000 -5.5% 0.4%
    INTERLINC MORTGAGE SERVICES, LLC $585,000 n/a 0.4%
    NEWREZ LLC $410,000 $565,000 37.8% 0.4%
    AMERICAN FINANCIAL NETWORK, INC. $545,000 n/a 0.4%
    Old National Bank $1,150,000 $535,000 -53.5% 0.4%
    The Federal Savings Bank $500,000 n/a 0.4%
    Jackson County Bank $545,000 $490,000 -10.1% 0.4%
    MUTUAL OF OMAHA MORTGAGE, INC. $235,000 $475,000 102.1% 0.4%
    TRIAD FINANCIAL SERVICES, INC. $275,000 $455,000 65.5% 0.3%
    Bedford Loan & Deposit Bank $655,000 $425,000 -35.1% 0.3%
    GUARANTEED RATE, INC. $375,000 $425,000 13.3% 0.3%
    PLANET HOME LENDING, LLC $500,000 $420,000 -16.0% 0.3%
    LCNB National Bank $390,000 n/a 0.3%
    Paramount Residential Mortgage Group, Inc. $390,000 n/a 0.3%
    VILLAGE CAPITAL MORTGAGE $390,000 n/a 0.3%
    Stock Yards Bank & Trust Company $380,000 n/a 0.3%
    UNION HOME MORTGAGE CORP. $125,000 $380,000 204.0% 0.3%
    First Bank of Berne $105,000 $370,000 252.4% 0.3%
    Mid-Southern Savings Bank, FSB $370,000 n/a 0.3%
    AmeriHome Mortgage Company, LLC $360,000 n/a 0.3%
    ROYAL UNITED MORTGAGE LLC $355,000 n/a 0.3%
    Carrington Mortgage Services, LLC $375,000 $350,000 -6.7% 0.3%
    KeyBank $325,000 n/a 0.2%
    PRIMARY RESIDENTIAL MORTGAGE, INC. $450,000 $315,000 -30.0% 0.2%
    First Financial Bank $155,000 $305,000 96.8% 0.2%
    JPMorgan Chase Bank $800,000 $295,000 -63.1% 0.2%
    LAKEVIEW LOAN SERVICING, LLC $275,000 n/a 0.2%
    ON Q FINANCIAL, INC. $275,000 n/a 0.2%
    First Savings Bank $25,000 $265,000 960.0% 0.2%
    LIBERTY HOME MORTGAGE CORPORATION $265,000 n/a 0.2%
    HIGHLANDS RESIDENTIAL MORTGAGE, LTD. $255,000 n/a 0.2%
    Owen County State Bank $235,000 $255,000 8.5% 0.2%
    TEACHERS CREDIT UNION $35,000 $255,000 628.6% 0.2%
    MORTGAGE SOLUTIONS OF COLORADO, LLC $245,000 n/a 0.2%
    MJW Financial LLC $1,090,000 $235,000 -78.4% 0.2%
    Mr. Cooper ( Nationstar Mortgage ) $230,000 n/a 0.2%
    Discover Bank $240,000 $225,000 -6.3% 0.2%
    Plains Commerce Bank $225,000 n/a 0.2%
    Northwest Bank $215,000 n/a 0.2%
    Texana Bank $215,000 n/a 0.2%
    FIRST COMMUNITY MORTGAGE, INC. $195,000 n/a 0.1%
    L & N Federal Credit Union $235,000 $165,000 -29.8% 0.1%
    Republic Bank & Trust Company $95,000 $165,000 73.7% 0.1%
    FIDELITY BANK $145,000 $145,000 0.0% 0.1%
    Bank of England $135,000 n/a 0.1%
    CHURCHILL MORTGAGE CORPORATION $135,000 n/a 0.1%
    United Citizens Bank & Trust Company $135,000 n/a 0.1%
    ALLIANT CREDIT UNION $125,000 n/a 0.1%
    The New Washington State Bank $125,000 n/a 0.1%
    Truist $85,000 $105,000 23.5% 0.1%
    U.S. Bank $105,000 $105,000 0.0% 0.1%
    21ST MORTGAGE CORPORATION $390,000 $95,000 -75.6% 0.1%
    AMERISAVE MORTGAGE CORPORATION $400,000 $95,000 -76.3% 0.1%
    CREDIT HUMAN FEDERAL CREDIT UNION $45,000 n/a 0.0%
    Figure Lending LLC $120,000 $45,000 -62.5% 0.0%
    Horizon Bank $45,000 n/a 0.0%
    HONDA Federal Credit Union $65,000 $35,000 -46.2% 0.0%
    SPRING EQ, LLC $55,000 $35,000 -36.4% 0.0%
    Regions Bank $25,000 n/a 0.0%

    Madison's top lender by overall market share is German American Bank, with 27.0% market share. In second place, with 6.3%, is The Farmers Bank of Milton, having originated $8,565,000 in loans. In third place, with 5.9%, is First Financial Bank, having originated $7,995,000 in loans. In fourth place, with 5.3%, is Centra Credit Union, having originated $7,240,000 in loans. In fifth place, with 5.0%, is GENEVA FINANCIAL, LLC, having originated $6,785,000 in loans.

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

    Realtor.com - Madison (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 $159,900 (25.0%) $195,957 (31.9%) 0.00 114
    2018-02-01 $161,150 (24.1%) $196,776 (32.2%) 0.00 118
    2018-03-01 $159,900 (19.1%) $195,223 (21.7%) 0.00 124
    2018-04-01 $162,175 (17.6%) $202,092 (18.4%) 0.00 117
    2018-05-01 $161,425 (17.1%) $198,780 (13.0%) 0.00 114
    2018-06-01 $163,000 (13.0%) $202,034 (11.5%) 0.00 114
    2018-07-01 $167,150 (15.3%) $215,285 (17.5%) 0.00 121
    2018-08-01 $166,550 (11.1%) $216,751 (21.6%) 0.00 125
    2018-09-01 $166,950 (4.4%) $224,093 (19.9%) 0.00 133
    2018-10-01 $162,950 (2.2%) $225,594 (18.0%) 0.00 129
    2018-11-01 $161,475 (7.7%) $221,087 (17.4%) 0.00 117
    2018-12-01 $164,900 (10.0%) $220,268 (18.4%) 0.00 111
    2019-01-01 $176,800 (10.6%) $221,023 (12.8%) 0.00 110
    2019-02-01 $174,900 (8.5%) $223,472 (13.6%) 0.00 98
    2019-03-01 $176,186 (10.2%) $226,920 (16.2%) 0.00 100
    2019-04-01 $189,900 (17.1%) $230,778 (14.2%) 0.00 101
    2019-05-01 $189,900 (17.6%) $226,672 (14.0%) 0.00 110
    2019-06-01 $192,200 (17.9%) $223,786 (10.8%) 0.00 108
    2019-07-01 $188,225 (12.6%) $230,836 (7.2%) 0.00 112
    2019-08-01 $178,418 (7.1%) $220,589 (1.8%) 0.00 123
    2019-09-01 $173,120 (3.7%) $214,984 (-4.1%) 0.00 136
    2019-10-01 $168,500 (3.4%) $210,473 (-6.7%) 0.00 144
    2019-11-01 $162,450 (0.6%) $214,214 (-3.1%) 0.00 128
    2019-12-01 $160,950 (-2.4%) $218,908 (-0.6%) 0.00 124
    2020-01-01 $154,900 (-12.4%) $191,315 (-13.4%) 0.00 120
    2020-02-01 $149,900 (-14.3%) $187,540 (-16.1%) 0.00 115
    2020-03-01 $161,000 (-8.6%) $191,150 (-15.8%) 0.00 109
    2020-04-01 $164,950 (-13.1%) $190,343 (-17.5%) 0.00 100
    2020-05-01 $176,250 (-7.2%) $197,710 (-12.8%) 0.00 97
    2020-06-01 $181,200 (-5.7%) $204,493 (-8.6%) 0.00 89
    2020-07-01 $181,850 (-3.4%) $213,207 (-7.6%) 0.00 80
    2020-08-01 $184,900 (3.6%) $222,791 (1.0%) 0.00 74
    2020-09-01 $184,900 (6.8%) $221,608 (3.1%) 0.00 56
    2020-10-01 $164,900 (-2.1%) $211,398 (0.4%) 0.00 47
    2020-11-01 $167,325 (3.0%) $207,704 (-3.0%) 0.00 54
    2020-12-01 $179,450 (11.5%) $209,776 (-4.2%) 0.00 51
    2021-01-01 $169,900 (9.7%) $206,793 (8.1%) 0.00 44
    2021-02-01 $158,050 (5.4%) $204,200 (8.9%) 0.00 31
    2021-03-01 $174,900 (8.6%) $219,531 (14.9%) 0.00 37
    2021-04-01 $168,700 (2.3%) $215,857 (13.4%) 0.00 33
    2021-05-01 $179,900 (2.1%) $226,669 (14.7%) 0.00 32
    2021-06-01 $181,800 (0.3%) $229,273 (12.1%) 0.00 43
    2021-07-01 $189,450 (4.2%) $232,528 (9.1%) 0.00 56
    2021-08-01 $184,900 (0.0%) $232,816 (4.5%) 0.00 73
    2021-09-01 $207,000 (12.0%) $256,591 (15.8%) 0.00 73
    2021-10-01 $207,000 (25.5%) $257,087 (21.6%) 0.00 66
    2021-11-01 $209,900 (25.4%) $276,168 (33.0%) 0.00 47
    2021-12-01 $237,175 (32.2%) $293,054 (39.7%) 0.00 51
    2022-01-01 $213,700 (25.8%) $272,508 (31.8%) 0.00 58
    2022-02-01 $202,450 (28.1%) $250,289 (22.6%) 0.00 51
    2022-03-01 $223,925 (28.0%) $262,252 (19.5%) 0.00 49
    2022-04-01 $229,450 (36.0%) $291,964 (35.3%) 0.00 41
    2022-05-01 $264,500 (47.0%) $297,057 (31.1%) 0.00 43
    2022-06-01 $239,900 (32.0%) $269,662 (17.6%) 0.00 48
    2022-07-01 $249,900 (31.9%) $278,453 (19.8%) 0.00 67
    2022-08-01 $247,425 (33.8%) $281,333 (20.8%) 0.00 74
    2022-09-01 $254,500 (23.0%) $289,628 (12.9%) 0.00 72
    2022-10-01 $249,000 (20.3%) $302,738 (17.8%) 0.00 79
    2022-11-01 $221,150 (5.4%) $286,656 (3.8%) 0.00 70
    2022-12-01 $259,900 (9.6%) $317,218 (8.3%) 0.00 54
    2023-01-01 $250,950 (17.4%) $329,538 (20.9%) 0.00 54
    2023-02-01 $266,150 (31.5%) $334,543 (33.7%) 0.00 48
    2023-03-01 $265,400 (18.5%) $319,674 (21.9%) 0.00 53
    2023-04-01 $257,400 (12.2%) $324,256 (11.1%) 0.00 51
    2023-05-01 $270,000 (2.1%) $342,875 (15.4%) 0.00 55
    2023-06-01 $293,275 (22.3%) $343,764 (27.5%) 0.00 53
    2023-07-01 $279,900 (12.0%) $335,271 (20.4%) 0.00 60
    2023-08-01 $277,175 (12.0%) $334,944 (19.1%) 0.00 64
    2023-09-01 $289,900 (13.9%) $350,480 (21.0%) 0.00 67
    2023-10-01 $284,900 (14.4%) $357,293 (18.0%) 0.00 71
    2023-11-01 $307,175 (38.9%) $362,693 (26.5%) 0.00 72
    2023-12-01 $294,900 (13.5%) $355,911 (12.2%) 0.00 74
    2024-01-01 $293,675 (17.0%) $339,846 (3.1%) 0.00 61
    2024-02-01 $273,700 (2.8%) $327,508 (-2.1%) 0.00 53
    2024-03-01 $258,500 (-2.6%) $303,567 (-5.0%) 0.00 51
    2024-04-01 $253,675 (-1.5%) $306,672 (-5.4%) 0.00 47
    2024-05-01 $313,650 (16.2%) $328,018 (-4.3%) 0.00 53
    2024-06-01 $297,000 (1.3%) $333,376 (-3.0%) 0.00 60
    2024-07-01 $285,575 (2.0%) $333,513 (-0.5%) 0.00 79
    2024-08-01 $269,950 (-2.6%) $317,149 (-5.3%) 0.00 98
    2024-09-01 $265,000 (-8.6%) $319,435 (-8.9%) 0.00 93
    2024-10-01 $267,475 (-6.1%) $310,020 (-13.2%) 0.00 83
    2024-11-01 $270,000 (-12.1%) $310,730 (-14.3%) 0.00 77
    2024-12-01 $279,000 (-5.4%) $334,926 (-5.9%) 0.00 73
    2025-01-01 $270,975 (-7.7%) $322,718 (-5.0%) 0.00 60
    2025-02-01 $279,075 (2.0%) $324,350 (-1.0%) 0.00 48
    2025-03-01 $288,250 (11.5%) $339,094 (11.7%) 0.00 52
    Madison's median listing price for 2025-03-01 was $288,250, a difference of $29,750 (11.5%) versus the prior year and $9,175 versus the prior month.

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

    Madison's average listing price for 2025-03-01 was $339,094, a difference of $35,527 (11.7%) versus the prior year and $14,744 versus the prior month.

    For the 2025-03-01 period, Madison had 52 MLS listings, a difference of 4 listings (8%) versus the prior month and 1 listings (2%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Madison (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 1,934 sqft
    2018-02-01 0 days 1,907 sqft
    2018-03-01 0 days 1,932 sqft
    2018-04-01 0 days 1,931 sqft
    2018-05-01 0 days 1,930 sqft
    2018-06-01 0 days 1,946 sqft
    2018-07-01 0 days 1,956 sqft
    2018-08-01 0 days 1,952 sqft
    2018-09-01 0 days 2,004 sqft
    2018-10-01 0 days 2,034 sqft
    2018-11-01 0 days 2,173 sqft
    2018-12-01 0 days 1,957 sqft
    2019-01-01 0 days 1,875 sqft
    2019-02-01 0 days 1,874 sqft
    2019-03-01 0 days 1,846 sqft
    2019-04-01 0 days 1,879 sqft
    2019-05-01 0 days 1,917 sqft
    2019-06-01 0 days 1,854 sqft
    2019-07-01 0 days 1,862 sqft
    2019-08-01 0 days 1,818 sqft
    2019-09-01 0 days 1,769 sqft
    2019-10-01 0 days 1,710 sqft
    2019-11-01 0 days 1,705 sqft
    2019-12-01 0 days 1,698 sqft
    2020-01-01 0 days 1,688 sqft
    2020-02-01 0 days 1,680 sqft
    2020-03-01 0 days 1,689 sqft
    2020-04-01 0 days 1,592 sqft
    2020-05-01 0 days 1,750 sqft
    2020-06-01 0 days 1,750 sqft
    2020-07-01 0 days 1,750 sqft
    2020-08-01 0 days 1,768 sqft
    2020-09-01 0 days 1,825 sqft
    2020-10-01 0 days 1,663 sqft
    2020-11-01 0 days 1,751 sqft
    2020-12-01 0 days 1,607 sqft
    2021-01-01 0 days 1,560 sqft
    2021-02-01 0 days 1,392 sqft
    2021-03-01 0 days 1,445 sqft
    2021-04-01 0 days 1,466 sqft
    2021-05-01 0 days 1,624 sqft
    2021-06-01 0 days 1,443 sqft
    2021-07-01 0 days 1,462 sqft
    2021-08-01 0 days 1,462 sqft
    2021-09-01 0 days 1,445 sqft
    2021-10-01 0 days 1,514 sqft
    2021-11-01 0 days 1,835 sqft
    2021-12-01 0 days 1,813 sqft
    2022-01-01 0 days 1,786 sqft
    2022-02-01 0 days 1,773 sqft
    2022-03-01 0 days 1,772 sqft
    2022-04-01 0 days 1,800 sqft
    2022-05-01 0 days 1,800 sqft
    2022-06-01 0 days 1,789 sqft
    2022-07-01 0 days 1,800 sqft
    2022-08-01 0 days 1,875 sqft
    2022-09-01 0 days 1,855 sqft
    2022-10-01 0 days 1,846 sqft
    2022-11-01 0 days 1,745 sqft
    2022-12-01 0 days 1,795 sqft
    2023-01-01 0 days 1,708 sqft
    2023-02-01 0 days 1,745 sqft
    2023-03-01 0 days 1,736 sqft
    2023-04-01 0 days 1,800 sqft
    2023-05-01 0 days 1,846 sqft
    2023-06-01 0 days 1,906 sqft
    2023-07-01 0 days 1,872 sqft
    2023-08-01 0 days 1,755 sqft
    2023-09-01 0 days 1,875 sqft
    2023-10-01 0 days 1,801 sqft
    2023-11-01 0 days 1,900 sqft
    2023-12-01 0 days 1,900 sqft
    2024-01-01 0 days 1,836 sqft
    2024-02-01 0 days 1,809 sqft
    2024-03-01 0 days 1,782 sqft
    2024-04-01 0 days 1,788 sqft
    2024-05-01 0 days 1,854 sqft
    2024-06-01 0 days 1,814 sqft
    2024-07-01 0 days 1,855 sqft
    2024-08-01 0 days 1,814 sqft
    2024-09-01 0 days 1,822 sqft
    2024-10-01 0 days 1,827 sqft
    2024-11-01 0 days 1,878 sqft
    2024-12-01 0 days 1,801 sqft
    2025-01-01 0 days 1,659 sqft
    2025-02-01 0 days 1,648 sqft
    2025-03-01 0 days 1,828 sqft
    Madison's median listing age (time on market) for 2025-03-01 was 0 days.

    Madison's median square footage for active listings during the 2025-03-01 period was 1,828 sqft. One year prior, the average listing was 1,782 sqft.

    Madison, IN Market Loan Reason

    Loan Purpose Originations Total Value Average Loan
    Home Purchase 364 $87,680,000 $240,879
    Refi 120 $17,540,000 $146,167
    Cash Out Refi 119 $15,215,000 $127,857
    Home Improvement 99 $7,445,000 $75,202
    Other 95 $7,395,000 $77,842
    NA 1 $105,000 $105,000

    Madison's most frequently cited loan purpose was Home Purchase, with 364 originations. The 2nd most popular reason was Refi, with 120 originations.

    Interest Rate Frequencies

    Loan Rate Originations Total Value Average Loan
    6-7% 295 $47,945,000 $162,525
    7-8% 175 $47,295,000 $270,257
    Over 8% 100 $8,770,000 $87,700
    5-6% 92 $13,720,000 $149,130
    <2.5% 73 $6,255,000 $85,685
    4-5% 5 $1,045,000 $209,000
    2.5-3% 1 $65,000 $65,000

    During 2024, Madison's most frequently originated rate bucket was 6-7%, with 295 originations.

    Loan Sizing (Madison, IN MSA)

    Loan Size Originations Total Value Average Loan
    $100,000 or less 344 $17,520,000 $50,930
    $100k-200k 239 $35,655,000 $149,184
    $200k-400k 191 $49,315,000 $258,194
    $400k-600k 20 $9,150,000 $457,500
    $Over $1MM 3 $23,115,000 $7,705,000
    $600k-1000k 1 $625,000 $625,000

    Madison's loan sizing saw the bucket of loans from $100,000 or less with 344 originations, totaling $17,520,000 in origination value.

    LTV Distribution

    Loan to Value Originations Total Value Average Loan
    80-100% 233 $45,805,000 $196,588
    20-40% 141 $11,765,000 $83,440
    Under 20% 125 $5,655,000 $45,240
    60-80% 124 $26,320,000 $212,258
    40-60% 86 $12,370,000 $143,837
    Over 100% 10 $20,800,000 $2,080,000

    Madison's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 233 originations, totaling $45,805,000 in origination value.