Marion Mortgage Rates & Closing Costs

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

    30 Year Fixed Rate mortgages in Marion averaged 6.52% for the week of 2023-05-25, compared to the national average of 6.57% for the same period.

    The average rate for the prior week (2023-05-18) was 6.54% and one month ago for the week of 2023-04-20, the average rate was 6.34%.

    Marion's average rate one year ago was 5.1%.

    For refis of the same type during the week of 2023-05-25, the average rate was 7.17%.

    Loan Type Date Rate
    US 30 Year Fixed Rate 2023-05-25 6.57%
    Marion 30 Year Fixed Rate 2023-05-25 6.52%
    Marion 30 Year Fixed Rate Refi 2023-05-25 7.17%
    Marion 15 Year Fixed Rate 2023-05-25 5.97%
    Marion 15 Year Fixed Rate Refi 2023-05-25 6.47%
    Marion 30 Year FHA 2023-05-25 6.37%
    Marion 30 Year FHA Refi 2023-05-25 6.61%
    Marion 30 Year USDA 2023-05-25 6.43%
    Marion 30 Year USDA Refi 2023-05-25 6.63%
    Marion 30 Year VA 2023-05-25 6.14%
    Marion 30 Year VA Refi 2023-05-25 6.31%
    Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations within Marion, IN.

    Marion 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 Marion, 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 2022 Avg. 30yFix Rate 2022 Avg. Closing Costs
    RUOFF MORTGAGE COMPANY, INC. 90 5.26% $2,187
    Regions Bank 48 5.45% $2,213
    Nations Lending Corporation 37 5.27% $3,449
    First Farmers Bank and Trust Company 26 5.50% $1,889
    QUICKEN LOANS, LLC 24 4.84% $5,404
    CALIBER HOME LOANS, INC. 22 5.08% $2,469
    STAR Financial Bank 14 5.23% $2,633
    Northwest Bank 11 5.30% $2,413
    UNION HOME MORTGAGE CORP. 8 4.16% $2,932
    GUARANTEED RATE, INC. 7 4.18% $2,501
    TEACHERS CREDIT UNION 4 5.97% $2,050
    PNC Bank 4 5.19% $2,525
    Wells Fargo Bank 4 5.44% $4,045
    Horizon Bank 4 5.34% $2,210
    INDIANA MEMBERS CREDIT UNION 4 4.72% $2,103
    FREEDOM MORTGAGE CORPORATION 4 4.44% $3,476
    MJW Financial LLC 4 5.37% $3,363
    GVC MORTGAGE, INC. 3 5.58% $2,781
    JPMorgan Chase Bank 3 4.29% $1,673
    The Huntington National Bank 3 5.42% $2,399
    BEACON CREDIT UNION 3 3.83% $2,521
    MEMBER FIRST MORTGAGE, LLC 3 4.54% $2,961
    Servion, Inc. 3 4.46% $3,713
    Flagstar Bank, FSB 3 4.43% $3,852
    Community First Bank of Indiana 2 4.75% $2,589
    FINANCIAL BUILDERS Federal Credit Union 2 6.81% $1,605
    First Guaranty Mortgage Corporation 2 3.94% $3,994
    First Merchants Bank 2 4.19% $2,497
    Mortgage Research Center, LLC 2 5.94% $1,980
    CROSSCOUNTRY MORTGAGE, LLC 2 5.81% $2,769
    Crossroads Bank 2 5.44% $1,504
    PENNYMAC LOAN SERVICES, LLC 2 5.81% $1,984
    HOME POINT FINANCIAL CORPORATION 2 3.94% $3,417
    HOMESIDE FINANCIAL, LLC 2 5.50% $3,247
    ROYAL UNITED MORTGAGE LLC 2 4.75% $7,157
    KELLER MORTGAGE, LLC 2 6.38% $3,489
    AMERICAN MORTGAGE SERVICE COMPANY 2 6.31% $3,215
    Three Rivers Federal Credit Union 2 7.06% $3,022
    Union Savings Bank 2 4.00% $1,438
    UNITED WHOLESALE MORTGAGE, LLC 2 4.25% $3,253
    AmeriHome Mortgage Company, LLC 2 5.18% $6,084
    Solidarity Community Federal Credit Union 1 3.25% $706
    SOUTHWEST FUNDING, LP 1 5.63% $3,757
    The State Bank and Trust Company 1 5.13% $2,438
    ALLIANT CREDIT UNION 1 5.63% $3,765
    ZILLOW HOME LOANS, LLC 1 4.50% $3,326
    Ally Bank 1 3.75% $2,747
    AMERICAN PACIFIC MORTGAGE CORPORATION 1 7.13% $3,987
    AMERIFIRST FINANCIAL CORPORATION 1 6.13% $4,407
    AMERISAVE MORTGAGE CORPORATION 1 6.13% $4,290
    ARC HOME LLC 1 3.25% $2,950
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 1 3.99% $2,471
    Bank of America 1 3.00% $2,431
    Blue Ridge Bank 1 6.75% $4,524
    BROKER SOLUTIONS, INC. 1 5.24% $7,037
    Capital Bank 1 6.13% $2,821
    Carrington Mortgage Services, LLC 1 5.13% $7,499
    COMPASS MORTGAGE, INC. 1 5.25% $2,748
    CREDIT UNION MORTGAGE ASSOCIATION, INC. 1 5.50% $2,721
    Elements Financial Federal Credit Union 1 3.13% $2,167
    EUSTIS AND AMERICAN MORTGAGE COMPANY 1 3.75% $3,054
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 1 3.49% $3,905
    Farm Credit Mid-America, ACA 1 7.38% $7,394
    FINANCE OF AMERICA MORTGAGE LLC 1 4.50% $2,909
    FORUM Credit Union 1 7.63% $2,033
    GENEVA FINANCIAL, LLC 1 6.38% $4,618
    HALLMARK HOME MORTGAGE, LLC 1 5.75% $2,502
    KeyBank 1 3.88% $2,392
    LAKEVIEW LOAN SERVICING, LLC 1 4.50% $2,075
    LEADERONE FINANCIAL CORPORATION 1 6.13% $5,407
    LOANDEPOT.COM, LLC 1 4.88% $2,715
    Madison County Federal Credit Union 1 7.13% $3,048
    MICHIGAN MUTUAL, INC. 1 7.25% $1,954
    MILESTONE HOME LENDING, LLC 1 4.75% $2,309
    MORIA DEVELOPMENT, INC. 1 3.38% $8,562
    MOVEMENT MORTGAGE, LLC 1 7.00% $2,526
    Mr. Cooper ( Nationstar Mortgage ) 1 6.49% $7,031
    MYCUMORTGAGE, LLC 1 6.63% $3,172
    NEWREZ LLC 1 3.75% $3,292
    North American Savings Bank, F.S.B. 1 4.25% $1,351
    OPEN MORTGAGE, LLC 1 5.99% $5,386
    Paramount Bank 1 5.63% $4,357
    PENTAGON FEDERAL CREDIT UNION 1 4.88% $1,509
    PRIMARY RESIDENTIAL MORTGAGE, INC. 1 5.38% $3,296
    ProFed Federal Credit Union 1 4.50% $2,572
    Prosperity Home Mortgage, LLC 1 6.25% $2,135

    Marion Average Closing Costs & Other Stats

    Marion, IN's 86 lenders originated 1,234 loans during 2022. The total origination value was $170,300,000, with an average loan value of $138,006.

    Marion's average closing costs are $3,721.

    The top Marion lender as defined by loan originations is RUOFF MORTGAGE COMPANY, INC., with 90 loans originated. Their average total fees are $2,187, which is $26 lower than the next largest lender, Regions Bank.

    The lowest fee Marion lenders (with over 10 loans originated) are First Farmers Bank and Trust Company ($1,889), RUOFF MORTGAGE COMPANY, INC. ($2,187), Regions Bank ($2,213), Northwest Bank ($2,413) and CALIBER HOME LOANS, INC. ($2,469).

    The lowest rate Marion lenders (with over 10 loans originated) are QUICKEN LOANS, LLC (4.84%), CALIBER HOME LOANS, INC. (5.08%), STAR Financial Bank (5.23%), RUOFF MORTGAGE COMPANY, INC. (5.26%) and Nations Lending Corporation (5.27%).

    Marion, 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 2021 Loan Value 2022 Loan Value % Change 2022 Market Share
    RUOFF MORTGAGE COMPANY, INC. $33,365,000 $22,240,000 -33.3% 13.1%
    Merchants Bank of Indiana $11,680,000 $15,840,000 35.6% 9.3%
    First Farmers Bank and Trust Company $14,135,000 $11,050,000 -21.8% 6.5%
    QUICKEN LOANS, LLC $16,820,000 $9,015,000 -46.4% 5.3%
    Nations Lending Corporation $16,005,000 $8,625,000 -46.1% 5.1%
    Regions Bank $11,235,000 $8,495,000 -24.4% 5.0%
    STAR Financial Bank $9,475,000 $7,845,000 -17.2% 4.6%
    CALIBER HOME LOANS, INC. $4,485,000 $7,185,000 60.2% 4.2%
    First Federal Savings Bank $250,000 $6,130,000 2,352.0% 3.6%
    Mortgage Research Center, LLC $4,880,000 $4,925,000 0.9% 2.9%
    Arbor Realty Trust, Inc. $3,665,000 n/a 2.2%
    Northwest Bank $7,645,000 $3,585,000 -53.1% 2.1%
    GUARANTEED RATE, INC. $490,000 $2,525,000 415.3% 1.5%
    UNION HOME MORTGAGE CORP. $4,950,000 $2,100,000 -57.6% 1.2%
    LOANDEPOT.COM, LLC $1,630,000 $1,820,000 11.7% 1.1%
    BEACON CREDIT UNION $3,290,000 $1,710,000 -48.0% 1.0%
    GVC MORTGAGE, INC. $1,375,000 $1,700,000 23.6% 1.0%
    Horizon Bank $2,105,000 $1,550,000 -26.4% 0.9%
    LENDINGONE, LLC $220,000 $1,535,000 597.7% 0.9%
    PENNYMAC LOAN SERVICES, LLC $1,635,000 $1,520,000 -7.0% 0.9%
    Three Rivers Federal Credit Union $535,000 $1,280,000 139.3% 0.8%
    INDIANA MEMBERS CREDIT UNION $1,980,000 $1,260,000 -36.4% 0.7%
    NAVY FEDERAL CREDIT UNION $1,405,000 $1,175,000 -16.4% 0.7%
    MJW Financial LLC $1,365,000 $1,135,000 -16.8% 0.7%
    FREEDOM MORTGAGE CORPORATION $6,895,000 $1,055,000 -84.7% 0.6%
    Flagstar Bank, FSB $1,295,000 $1,020,000 -21.2% 0.6%
    NEWREZ LLC $1,010,000 $990,000 -2.0% 0.6%
    HALLMARK HOME MORTGAGE, LLC $1,155,000 $960,000 -16.9% 0.6%
    JPMorgan Chase Bank $2,055,000 $930,000 -54.7% 0.5%
    Carrington Mortgage Services, LLC $650,000 $890,000 36.9% 0.5%
    Farm Credit Mid-America, ACA $1,845,000 $840,000 -54.5% 0.5%
    FLAT BRANCH MORTGAGE, INC. $1,805,000 $825,000 -54.3% 0.5%
    The Federal Savings Bank $520,000 $825,000 58.7% 0.5%
    USAA Federal Savings Bank $2,040,000 $800,000 -60.8% 0.5%
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION $1,210,000 $790,000 -34.7% 0.5%
    PNC Bank $955,000 $785,000 -17.8% 0.5%
    TRIAD FINANCIAL SERVICES, INC. $240,000 $785,000 227.1% 0.5%
    Crossroads Bank $1,715,000 $770,000 -55.1% 0.5%
    EUSTIS AND AMERICAN MORTGAGE COMPANY $65,000 $745,000 1,046.2% 0.4%
    AMERIFIRST FINANCIAL CORPORATION $980,000 $725,000 -26.0% 0.4%
    Barrington Bank & Trust Company, N.A. $285,000 $700,000 145.6% 0.4%
    The Fountain Trust Company $695,000 n/a 0.4%
    SOUTHWEST STAGE FUNDING, LLC $715,000 $665,000 -7.0% 0.4%
    The Huntington National Bank $1,595,000 $665,000 -58.3% 0.4%
    ROYAL UNITED MORTGAGE LLC $1,040,000 $625,000 -39.9% 0.4%
    TEACHERS CREDIT UNION $540,000 $610,000 13.0% 0.4%
    MOVEMENT MORTGAGE, LLC $600,000 n/a 0.4%
    AMERICAN MORTGAGE SERVICE COMPANY $6,515,000 $595,000 -90.9% 0.3%
    MUTUAL OF OMAHA MORTGAGE, INC. $475,000 $595,000 25.3% 0.3%
    The Farmers & Merchants State Bank $590,000 n/a 0.3%
    LAKEVIEW LOAN SERVICING, LLC $1,325,000 $540,000 -59.2% 0.3%
    Mr. Cooper ( Nationstar Mortgage ) $1,900,000 $540,000 -71.6% 0.3%
    AmeriHome Mortgage Company, LLC $310,000 $520,000 67.7% 0.3%
    First Merchants Bank $725,000 $495,000 -31.7% 0.3%
    HOMESIDE FINANCIAL, LLC $185,000 $495,000 167.6% 0.3%
    AMERISAVE MORTGAGE CORPORATION $1,540,000 $490,000 -68.2% 0.3%
    UNITED WHOLESALE MORTGAGE, LLC $685,000 $475,000 -30.7% 0.3%
    Union Savings Bank $600,000 $460,000 -23.3% 0.3%
    MEMBER FIRST MORTGAGE, LLC $2,205,000 $455,000 -79.4% 0.3%
    BROKER SOLUTIONS, INC. $285,000 $450,000 57.9% 0.3%
    CROSSCOUNTRY MORTGAGE, LLC $435,000 $450,000 3.4% 0.3%
    NEW DAY FINANCIAL, LLC $895,000 $450,000 -49.7% 0.3%
    Fifth Third Bank $1,120,000 $445,000 -60.3% 0.3%
    AMERICAN PACIFIC MORTGAGE CORPORATION $170,000 $425,000 150.0% 0.2%
    ARK-LA-TEX FINANCIAL SERVICES, LLC. $405,000 n/a 0.2%
    PENTAGON FEDERAL CREDIT UNION $300,000 $385,000 28.3% 0.2%
    Bank of America $380,000 n/a 0.2%
    First Federal Bank of the Midwest $335,000 $380,000 13.4% 0.2%
    Wells Fargo Bank $1,550,000 $375,000 -75.8% 0.2%
    KeyBank $75,000 $340,000 353.3% 0.2%
    Servion, Inc. $2,180,000 $335,000 -84.6% 0.2%
    HOMEBRIDGE FINANCIAL SERVICES, INC. $245,000 $325,000 32.7% 0.2%
    GENEVA FINANCIAL, LLC $320,000 n/a 0.2%
    Paramount Bank $320,000 n/a 0.2%
    FINANCE OF AMERICA MORTGAGE LLC $310,000 $310,000 0.0% 0.2%
    CHURCHILL MORTGAGE CORPORATION $480,000 $305,000 -36.5% 0.2%
    PLANET HOME LENDING, LLC $305,000 n/a 0.2%
    Citizens State Bank of New Castle $290,000 n/a 0.2%
    HOME POINT FINANCIAL CORPORATION $375,000 $290,000 -22.7% 0.2%
    PARTNERS 1ST Federal Credit Union $815,000 $290,000 -64.4% 0.2%
    First Internet Bank of Indiana $285,000 n/a 0.2%
    Elements Financial Federal Credit Union $250,000 $270,000 8.0% 0.2%
    Community First Bank of Indiana $520,000 $260,000 -50.0% 0.2%
    FORUM Credit Union $575,000 $260,000 -54.8% 0.2%
    Northpointe Bank $260,000 n/a 0.2%
    PLAZA HOME MORTGAGE, INC. $745,000 $260,000 -65.1% 0.2%
    ALLIANT CREDIT UNION $255,000 n/a 0.1%
    MORIA DEVELOPMENT, INC. $340,000 $255,000 -25.0% 0.1%
    PRIMARY RESIDENTIAL MORTGAGE, INC. $255,000 n/a 0.1%
    ZILLOW HOME LOANS, LLC $145,000 $235,000 62.1% 0.1%
    KELLER MORTGAGE, LLC $105,000 $230,000 119.0% 0.1%
    ARC HOME LLC $355,000 $225,000 -36.6% 0.1%
    FINANCIAL CENTER FIRST CREDIT UNION $225,000 n/a 0.1%
    Loan Simple, Inc. $220,000 n/a 0.1%
    MILESTONE HOME LENDING, LLC $185,000 $220,000 18.9% 0.1%
    The State Bank and Trust Company $215,000 n/a 0.1%
    Ally Bank $190,000 $210,000 10.5% 0.1%
    FINANCIAL BUILDERS Federal Credit Union $220,000 $210,000 -4.5% 0.1%
    North American Savings Bank, F.S.B. $205,000 n/a 0.1%
    SECURITYNATIONAL MORTGAGE COMPANY $210,000 $205,000 -2.4% 0.1%
    UNITED MORTGAGE CORP. $205,000 n/a 0.1%
    Bank of England $35,000 $185,000 428.6% 0.1%
    MYCUMORTGAGE, LLC $185,000 n/a 0.1%
    Prosperity Home Mortgage, LLC $185,000 n/a 0.1%
    U.S. Bank $105,000 $180,000 71.4% 0.1%
    Paramount Residential Mortgage Group, Inc. $305,000 $175,000 -42.6% 0.1%
    First Guaranty Mortgage Corporation $690,000 $170,000 -75.4% 0.1%
    Figure Lending LLC $190,000 $165,000 -13.2% 0.1%
    Madison County Federal Credit Union $110,000 $165,000 50.0% 0.1%
    Solidarity Community Federal Credit Union $165,000 n/a 0.1%
    CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP $770,000 $155,000 -79.9% 0.1%
    OPEN MORTGAGE, LLC $310,000 $155,000 -50.0% 0.1%
    ProFed Federal Credit Union $150,000 $155,000 3.3% 0.1%
    American Community Bank of Indiana $145,000 n/a 0.1%
    MORTGAGE SOLUTIONS OF COLORADO, LLC $145,000 n/a 0.1%
    Old National Bank $305,000 $145,000 -52.5% 0.1%
    STOCKTON MORTGAGE CORPORATION $780,000 $145,000 -81.4% 0.1%
    1ST SIGNATURE LENDING, LLC $200,000 $135,000 -32.5% 0.1%
    21ST MORTGAGE CORPORATION $135,000 n/a 0.1%
    LEADERONE FINANCIAL CORPORATION $955,000 $135,000 -85.9% 0.1%
    MICHIGAN MUTUAL, INC. $135,000 n/a 0.1%
    SOUTHWEST FUNDING, LP $125,000 n/a 0.1%
    The Peoples State Bank $170,000 $125,000 -26.5% 0.1%
    1st Source Bank $125,000 $115,000 -8.0% 0.1%
    RELIANCE FIRST CAPITAL, LLC $145,000 $115,000 -20.7% 0.1%
    Equity Prime Mortgage LLC $105,000 n/a 0.1%
    M&T Bank $115,000 $105,000 -8.7% 0.1%
    OCMBC, INC. $105,000 n/a 0.1%
    AMERICAN FINANCING CORPORATION $135,000 $95,000 -29.6% 0.1%
    Blue Ridge Bank $95,000 n/a 0.1%
    First Bank of Berne $95,000 n/a 0.1%
    THRIVE MORTGAGE, LLC $95,000 n/a 0.1%
    CREDIT UNION MORTGAGE ASSOCIATION, INC. $85,000 n/a 0.0%
    First State Bank of St. Charles, Missouri $85,000 n/a 0.0%
    CIVIC FINANCIAL SERVICES, LLC $75,000 n/a 0.0%
    Lake City Bank $75,000 n/a 0.0%
    LIBERTY HOME MORTGAGE CORPORATION $75,000 n/a 0.0%
    PHH Mortgage Corporation $75,000 n/a 0.0%
    BMO Harris Bank $305,000 $60,000 -80.3% 0.0%
    Capital Bank $55,000 n/a 0.0%
    COMPASS MORTGAGE, INC. $105,000 $55,000 -47.6% 0.0%
    PURDUE FEDERAL CREDIT UNION $230,000 $55,000 -76.1% 0.0%
    T2 FINANCIAL LLC $55,000 n/a 0.0%
    ALLEGACY FEDERAL CREDIT UNION $45,000 n/a 0.0%
    GREENSTATE CREDIT UNION $45,000 n/a 0.0%
    FORT FINANCIAL Federal Credit Union $25,000 n/a 0.0%
    AMERICAN ADVISORS GROUP $100,000 $15,000 -85.0% 0.0%

    Marion's top lender by overall market share is RUOFF MORTGAGE COMPANY, INC., with 13.1% market share. In second place, with 9.3%, is Merchants Bank of Indiana, having originated $15,840,000 in loans. In third place, with 6.5%, is First Farmers Bank and Trust Company, having originated $11,050,000 in loans. In fourth place, with 5.3%, is QUICKEN LOANS, LLC, having originated $9,015,000 in loans. In fifth place, with 5.1%, is Nations Lending Corporation, having originated $8,625,000 in loans.

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

    Realtor.com - Marion (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 $69,900 (-12.1%) $98,661 (1.1%) 0.00 227
    2018-02-01 $69,900 (-11.4%) $99,080 (-1.2%) 0.00 230
    2018-03-01 $69,900 (-7.6%) $98,113 (-2.6%) 0.00 230
    2018-04-01 $69,900 (-6.7%) $97,560 (-3.6%) 0.00 238
    2018-05-01 $69,900 (-8.3%) $103,167 (1.3%) 0.00 251
    2018-06-01 $73,900 (-3.0%) $106,273 (5.7%) 0.00 246
    2018-07-01 $69,900 (-8.6%) $101,558 (-1.4%) 0.00 245
    2018-08-01 $73,400 (-5.9%) $99,961 (-6.7%) 0.00 266
    2018-09-01 $74,900 (-0.1%) $101,500 (-6.7%) 0.00 273
    2018-10-01 $74,925 (0.0%) $102,978 (-4.8%) 0.00 277
    2018-11-01 $72,750 (4.1%) $102,097 (0.4%) 0.00 266
    2018-12-01 $69,900 (3.6%) $100,719 (6.6%) 0.00 251
    2019-01-01 $67,575 (-3.3%) $96,974 (-1.7%) 0.00 246
    2019-02-01 $69,900 (0.0%) $97,787 (-1.3%) 0.00 239
    2019-03-01 $64,900 (-0.8%) $92,707 (-5.5%) 0.00 180
    2019-04-01 $69,400 (-0.6%) $101,529 (4.1%) 0.00 170
    2019-05-01 $61,200 (-12.5%) $100,118 (-3.0%) 0.00 157
    2019-06-01 $60,750 (-17.8%) $100,755 (-5.2%) 0.00 171
    2019-07-01 $74,200 (6.2%) $113,535 (11.8%) 0.00 188
    2019-08-01 $68,700 (5.3%) $115,268 (15.3%) 0.00 201
    2019-09-01 $81,700 (18.0%) $121,597 (19.8%) 0.00 201
    2019-10-01 $94,750 (24.8%) $125,817 (22.2%) 0.00 202
    2019-11-01 $91,100 (25.2%) $125,153 (22.6%) 0.00 217
    2019-12-01 $90,800 (29.9%) $125,367 (24.5%) 0.00 214
    2020-01-01 $83,270 (23.2%) $118,347 (22.0%) 0.00 206
    2020-02-01 $79,900 (14.3%) $115,818 (18.4%) 0.00 189
    2020-03-01 $79,350 (14.4%) $111,377 (20.1%) 0.00 189
    2020-04-01 $79,900 (15.0%) $114,457 (12.7%) 0.00 175
    2020-05-01 $79,900 (30.6%) $115,939 (15.8%) 0.00 149
    2020-06-01 $76,875 (26.5%) $116,491 (15.6%) 0.00 156
    2020-07-01 $78,125 (5.3%) $117,803 (3.8%) 0.00 157
    2020-08-01 $73,900 (-4.4%) $106,727 (-7.4%) 0.00 140
    2020-09-01 $70,950 (-19.7%) $103,878 (-14.6%) 0.00 136
    2020-10-01 $75,300 (-19.5%) $108,619 (-13.7%) 0.00 144
    2020-11-01 $76,175 (-16.4%) $109,503 (-12.5%) 0.00 145
    2020-12-01 $74,900 (-17.5%) $110,631 (-11.8%) 0.00 130
    2021-01-01 $77,950 (-6.4%) $110,068 (-7.0%) 0.00 112
    2021-02-01 $76,950 (-3.7%) $110,206 (-4.9%) 0.00 100
    2021-03-01 $66,300 (-16.5%) $99,808 (-10.4%) 0.00 71
    2021-04-01 $81,150 (1.6%) $100,623 (-12.1%) 0.00 52
    2021-05-01 $79,900 (0.0%) $105,505 (-9.0%) 0.00 53
    2021-06-01 $81,175 (5.6%) $102,478 (-12.0%) 0.00 51
    2021-07-01 $82,450 (5.5%) $105,159 (-10.7%) 0.00 60
    2021-08-01 $89,200 (20.7%) $119,875 (12.3%) 0.00 76
    2021-09-01 $89,350 (25.9%) $124,606 (20.0%) 0.00 82
    2021-10-01 $84,900 (12.8%) $120,783 (11.2%) 0.00 77
    2021-11-01 $77,925 (2.3%) $119,123 (8.8%) 0.00 84
    2021-12-01 $87,500 (16.8%) $125,363 (13.3%) 0.00 78
    2022-01-01 $82,854 (6.3%) $110,531 (0.4%) 0.00 66
    2022-02-01 $81,825 (6.3%) $112,824 (2.4%) 0.00 51
    2022-03-01 $72,900 (10.0%) $109,029 (9.2%) 0.00 53
    2022-04-01 $75,500 (-7.0%) $112,314 (11.6%) 0.00 55
    2022-05-01 $80,575 (0.8%) $127,536 (20.9%) 0.00 63
    2022-06-01 $82,450 (1.6%) $125,882 (22.8%) 0.00 72
    2022-07-01 $89,000 (7.9%) $133,278 (26.7%) 0.00 85
    2022-08-01 $97,625 (9.5%) $127,714 (6.5%) 0.00 93
    2022-09-01 $99,950 (11.9%) $141,525 (13.6%) 0.00 104
    2022-10-01 $99,900 (17.7%) $132,170 (9.4%) 0.00 104
    2022-11-01 $102,050 (31.0%) $140,254 (17.7%) 0.00 104
    2022-12-01 $104,900 (19.9%) $137,877 (10.0%) 0.00 105
    2023-01-01 $79,900 (-3.6%) $113,045 (2.3%) 0.00 91
    2023-02-01 $74,425 (-9.0%) $110,832 (-1.8%) 0.00 85
    2023-03-01 $77,400 (6.2%) $111,905 (2.6%) 0.00 75
    2023-04-01 $92,500 (0.0%) $141,349 (25.9%) 0.00 58
    Marion's median listing price for 2023-04-01 was $92,500, a difference of $17,000 (0.0%) versus the prior year and $15,100 versus the prior month.

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

    Marion's average listing price for 2023-04-01 was $141,349, a difference of $29,035 (25.9%) versus the prior year and $29,444 versus the prior month.

    For the 2023-04-01 period, Marion had 58 MLS listings, a difference of -17 listings (-23%) versus the prior month and 3 listings (5%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Marion (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 1,561 sqft
    2018-02-01 0 days 1,550 sqft
    2018-03-01 0 days 1,486 sqft
    2018-04-01 0 days 1,417 sqft
    2018-05-01 0 days 1,387 sqft
    2018-06-01 0 days 1,442 sqft
    2018-07-01 0 days 1,411 sqft
    2018-08-01 0 days 1,427 sqft
    2018-09-01 0 days 1,442 sqft
    2018-10-01 0 days 1,471 sqft
    2018-11-01 0 days 1,465 sqft
    2018-12-01 0 days 1,458 sqft
    2019-01-01 0 days 1,476 sqft
    2019-02-01 0 days 1,489 sqft
    2019-03-01 0 days 1,490 sqft
    2019-04-01 0 days 1,573 sqft
    2019-05-01 0 days 1,488 sqft
    2019-06-01 0 days 1,442 sqft
    2019-07-01 0 days 1,528 sqft
    2019-08-01 0 days 1,450 sqft
    2019-09-01 0 days 1,437 sqft
    2019-10-01 0 days 1,540 sqft
    2019-11-01 0 days 1,566 sqft
    2019-12-01 0 days 1,568 sqft
    2020-01-01 0 days 1,558 sqft
    2020-02-01 0 days 1,501 sqft
    2020-03-01 0 days 1,475 sqft
    2020-04-01 0 days 1,458 sqft
    2020-05-01 0 days 1,492 sqft
    2020-06-01 0 days 1,463 sqft
    2020-07-01 0 days 1,527 sqft
    2020-08-01 0 days 1,440 sqft
    2020-09-01 0 days 1,423 sqft
    2020-10-01 0 days 1,456 sqft
    2020-11-01 0 days 1,448 sqft
    2020-12-01 0 days 1,488 sqft
    2021-01-01 0 days 1,490 sqft
    2021-02-01 0 days 1,453 sqft
    2021-03-01 0 days 1,398 sqft
    2021-04-01 0 days 1,461 sqft
    2021-05-01 0 days 1,488 sqft
    2021-06-01 0 days 1,420 sqft
    2021-07-01 0 days 1,490 sqft
    2021-08-01 0 days 1,547 sqft
    2021-09-01 0 days 1,494 sqft
    2021-10-01 0 days 1,427 sqft
    2021-11-01 0 days 1,432 sqft
    2021-12-01 0 days 1,443 sqft
    2022-01-01 0 days 1,424 sqft
    2022-02-01 0 days 1,431 sqft
    2022-03-01 0 days 1,387 sqft
    2022-04-01 0 days 1,498 sqft
    2022-05-01 0 days 1,562 sqft
    2022-06-01 0 days 1,542 sqft
    2022-07-01 0 days 1,532 sqft
    2022-08-01 0 days 1,558 sqft
    2022-09-01 0 days 1,562 sqft
    2022-10-01 0 days 1,549 sqft
    2022-11-01 0 days 1,619 sqft
    2022-12-01 0 days 1,515 sqft
    2023-01-01 0 days 1,454 sqft
    2023-02-01 0 days 1,441 sqft
    2023-03-01 0 days 1,478 sqft
    2023-04-01 0 days 1,500 sqft
    Marion's median listing age (time on market) for 2023-04-01 was 0 days.

    Marion's median square footage for active listings during the 2023-04-01 period was 1,500 sqft. One year prior, the average listing was 1,498 sqft.

    Marion, IN Market Loan Reason

    Loan Purpose Originations Total Value Average Loan
    Home Purchase 645 $106,695,000 $165,419
    Cash Out Refi 252 $31,090,000 $123,373
    Home Improvement 133 $8,445,000 $63,496
    Refi 124 $19,670,000 $158,629
    Other 80 $4,400,000 $55,000

    Marion's most frequently cited loan purpose was Home Purchase, with 645 originations. The 2nd most popular reason was Cash Out Refi, with 252 originations.

    Interest Rate Frequencies

    Loan Rate Originations Total Value Average Loan
    5-6% 302 $44,440,000 $147,152
    3-4% 256 $32,270,000 $126,055
    4-5% 230 $40,550,000 $176,304
    6-7% 198 $29,980,000 $151,414
    <2.5% 92 $6,460,000 $70,217
    7-8% 90 $8,290,000 $92,111
    2.5-3% 36 $5,180,000 $143,889
    Over 8% 18 $850,000 $47,222

    During 2022, Marion's most frequently originated rate bucket was 5-6%, with 302 originations.

    Loan Sizing (Marion, IN MSA)

    Loan Size Originations Total Value Average Loan
    $100,000 or less 626 $36,100,000 $57,668
    $100k-200k 452 $63,300,000 $140,044
    $200k-400k 136 $35,370,000 $260,074
    $400k-600k 10 $4,620,000 $462,000
    $Over $1MM 7 $28,465,000 $4,066,429
    $600k-1000k 3 $2,445,000 $815,000

    Marion's loan sizing saw the bucket of loans from $100,000 or less with 626 originations, totaling $36,100,000 in origination value.

    LTV Distribution

    Loan to Value Originations Total Value Average Loan
    80-100% 543 $79,905,000 $147,155
    60-80% 288 $52,950,000 $183,854
    20-40% 120 $6,810,000 $56,750
    Under 20% 112 $3,190,000 $28,482
    40-60% 104 $10,100,000 $97,115
    Over 100% 13 $13,635,000 $1,048,846

    Marion's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 543 originations, totaling $79,905,000 in origination value.