Marion Mortgage Rates & Closing Costs

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.