Mason City 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 Mason City averaged 6.65% for the week of 2023-09-14, compared to the national average of 7.18% for the same period.

    The average rate for the prior week (2023-09-07) was 6.89% and one month ago for the week of 2023-08-10, the average rate was 6.73%.

    Mason City's average rate one year ago was 5.36%.

    For refis of the same type during the week of 2023-09-14, the average rate was 7.78%.

    Loan Type Date Rate
    US 30 Year Fixed Rate 2023-09-14 7.18%
    Mason City 30 Year Fixed Rate 2023-09-14 6.65%
    Mason City 30 Year Fixed Rate Refi 2023-09-14 7.78%
    Mason City 15 Year Fixed Rate 2023-09-14 6.71%
    Mason City 15 Year Fixed Rate Refi 2023-09-14 6.41%
    Mason City 30 Year FHA 2023-09-14 6.82%
    Mason City 30 Year FHA Refi 2023-09-14 6.79%
    Mason City 30 Year USDA 2023-09-14 7.18%
    Mason City 30 Year USDA Refi 2023-09-14 6.88%
    Mason City 30 Year VA 2023-09-14 6.81%
    Mason City 30 Year VA Refi 2023-09-14 6.91%
    Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations within Mason City, IA.

    Mason 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 Mason City, IA 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
    Wells Fargo Bank 44 5.19% $3,053
    U.S. Bank 29 4.82% $2,563
    Plains Commerce Bank 22 5.06% $3,004
    QUICKEN LOANS, LLC 18 5.19% $5,598
    GREENSTATE CREDIT UNION 11 3.69% $1,897
    Bankers' Bank 10 4.76% $3,895
    IOWA BANKERS MORTGAGE CORPORATION 10 4.83% $2,305
    Manufacturers Bank & Trust Company 7 5.70% $4,092
    VERIDIAN CREDIT UNION 6 5.04% $1,819
    Lincoln Savings Bank 4 4.25% $4,877
    Flagstar Bank, FSB 4 6.41% $4,452
    BROKER SOLUTIONS, INC. 4 5.25% $3,823
    Deere Employees Credit Union 4 3.40% $2,887
    CARDINAL FINANCIAL 4 5.65% $6,523
    JPMorgan Chase Bank 4 4.75% $4,551
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 3 4.58% $5,024
    CALIBER HOME LOANS, INC. 3 5.87% $4,841
    Servion, Inc. 3 5.25% $3,482
    LOANDEPOT.COM, LLC 2 4.69% $5,425
    Fidelity Bank 2 4.56% $2,787
    AMERICAN FINANCING CORPORATION 2 4.75% $3,852
    Farmers State Bank 2 3.94% $1,594
    Collins Community Credit Union 2 4.43% $1,737
    Merchants Bank 2 4.90% $3,544
    AMERISAVE MORTGAGE CORPORATION 2 5.06% $5,835
    Northwest Bank 2 4.94% $2,307
    PENNYMAC LOAN SERVICES, LLC 2 4.00% $4,217
    GERSHMAN INVESTMENT CORP. 2 4.75% $2,664
    GUILD MORTGAGE COMPANY 2 5.31% $5,957
    MORTGAGE ACCESS CORP. 2 5.69% $4,279
    Luana Savings Bank 2 3.88% $1,494
    Northview Bank 1 4.88% $2,234
    Peoples Bank 1 4.63% $4,379
    QUORUM FEDERAL CREDIT UNION 1 4.25% $2,478
    Regions Bank 1 4.25% $4,708
    The Dart Bank 1 4.75% $3,261
    Think Mutual Bank 1 4.50% $3,773
    UBS Bank USA 1 4.00% $1,801
    UNITED WHOLESALE MORTGAGE, LLC 1 5.50% $4,507
    USAA Federal Savings Bank 1 6.38% $3,286
    Vibrant Credit Union 1 3.50% $2,140
    WINGS FINANCIAL 1 4.75% $2,650
    Alerus Financial 1 5.50% $3,177
    ZILLOW HOME LOANS, LLC 1 2.88% $6,303
    AMERICAN PACIFIC MORTGAGE CORPORATION 1 5.88% $4,168
    AmeriHome Mortgage Company, LLC 1 6.13% $5,094
    Associated Bank 1 5.50% $2,455
    Bank Iowa 1 3.88% $2,089
    Bank Midwest 1 3.75% $3,736
    BETTER MORTGAGE CORPORATION 1 5.75% $1,634
    BMO Harris Bank 1 5.13% $2,960
    Carrington Mortgage Services, LLC 1 6.88% $3,580
    Charles Schwab Bank, SSB 1 4.68% $2,423
    COMPEER FINANCIAL, FLCA 1 7.00% $2,341
    CU MORTGAGE DIRECT, LLC 1 5.25% $4,043
    DAS Acquisition Company, LLC 1 3.38% $3,562
    DUPACO COMMUNITY 1 5.00% $2,881
    Farm Credit Mid-America, ACA 1 4.75% $8,365
    First Interstate Bank 1 3.00% $2,931
    FREEDOM MORTGAGE CORPORATION 1 3.38% $2,270
    GUARANTEED RATE, INC. 1 4.38% $3,148
    HIGHLANDS RESIDENTIAL MORTGAGE, LTD. 1 5.13% $2,979
    Hills Bank and Trust Company 1 3.13% $2,166
    HIWAY 1 6.25% $4,672
    HOMEBRIDGE FINANCIAL SERVICES, INC. 1 5.13% $4,054
    HomeTown Bank 1 4.88% $3,440
    Hometown Lenders, Inc. 1 4.99% $2,464
    INLANTA MORTGAGE, INC. 1 5.38% $4,259
    LEADERONE FINANCIAL CORPORATION 1 3.38% $2,906
    Midwest Heritage Bank FSB 1 5.75% $2,871
    MidWestOne Bank 1 3.50% $3,141
    Morgan Stanley Private Bank 1 2.85% $4,766
    Mr. Cooper ( Nationstar Mortgage ) 1 5.63% $5,795
    Northpointe Bank 1 3.38% $5,876

    Mason City Average Closing Costs & Other Stats

    Mason City, IA's 74 lenders originated 638 loans during 2022. The total origination value was $114,700,000, with an average loan value of $179,781.

    Mason City's average closing costs are $3,622.

    The top Mason City lender as defined by loan originations is Wells Fargo Bank, with 44 loans originated. Their average total fees are $3,053, which is $489 higher than the next largest lender, U.S. Bank.

    The lowest fee Mason City lenders (with over 10 loans originated) are GREENSTATE CREDIT UNION ($1,897), IOWA BANKERS MORTGAGE CORPORATION ($2,305), U.S. Bank ($2,563), Plains Commerce Bank ($3,004) and Wells Fargo Bank ($3,053).

    The lowest rate Mason City lenders (with over 10 loans originated) are GREENSTATE CREDIT UNION (3.69%), Bankers' Bank (4.76%), U.S. Bank (4.82%), IOWA BANKERS MORTGAGE CORPORATION (4.83%) and Plains Commerce Bank (5.06%).

    Mason City, IA 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
    Wells Fargo Bank $30,005,000 $14,270,000 -52.4% 12.4%
    CorTrust Bank $9,975,000 n/a 8.7%
    U.S. Bank $14,600,000 $7,325,000 -49.8% 6.4%
    Plains Commerce Bank $9,895,000 $6,710,000 -32.2% 5.9%
    QUICKEN LOANS, LLC $13,870,000 $6,380,000 -54.0% 5.6%
    Manufacturers Bank & Trust Company $13,705,000 $6,340,000 -53.7% 5.5%
    Mortgage Research Center, LLC $3,175,000 $4,775,000 50.4% 4.2%
    GREENSTATE CREDIT UNION $5,100,000 $4,340,000 -14.9% 3.8%
    IOWA BANKERS MORTGAGE CORPORATION $9,385,000 $3,615,000 -61.5% 3.2%
    Bankers' Bank $5,860,000 $2,570,000 -56.1% 2.2%
    VERIDIAN CREDIT UNION $4,260,000 $2,360,000 -44.6% 2.1%
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION $495,000 $2,125,000 329.3% 1.9%
    Deere Employees Credit Union $380,000 $1,820,000 378.9% 1.6%
    BANKORION $1,705,000 n/a 1.5%
    First Interstate Bank $1,575,000 n/a 1.4%
    AMERISAVE MORTGAGE CORPORATION $1,885,000 $1,570,000 -16.7% 1.4%
    Lincoln Savings Bank $1,905,000 $1,380,000 -27.6% 1.2%
    Flagstar Bank, FSB $425,000 $1,330,000 212.9% 1.2%
    BankIowa of Cedar Rapids $365,000 $1,205,000 230.1% 1.1%
    Morgan Stanley Private Bank $325,000 $1,175,000 261.5% 1.0%
    CALIBER HOME LOANS, INC. $995,000 $1,085,000 9.0% 0.9%
    CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP $2,205,000 $1,075,000 -51.2% 0.9%
    UNITED WHOLESALE MORTGAGE, LLC $550,000 $930,000 69.1% 0.8%
    Luana Savings Bank $3,380,000 $900,000 -73.4% 0.8%
    LOANDEPOT.COM, LLC $2,430,000 $890,000 -63.4% 0.8%
    Servion, Inc. $915,000 $835,000 -8.7% 0.7%
    ALLIANT $830,000 n/a 0.7%
    Northwest Bank $1,335,000 $795,000 -40.4% 0.7%
    BROKER SOLUTIONS, INC. $410,000 $785,000 91.5% 0.7%
    GUILD MORTGAGE COMPANY $1,845,000 $775,000 -58.0% 0.7%
    Farmers State Bank $2,020,000 $765,000 -62.1% 0.7%
    GUARANTEED RATE, INC. $420,000 $705,000 67.9% 0.6%
    Bankers Trust Company $1,295,000 $640,000 -50.6% 0.6%
    USAA Federal Savings Bank $425,000 $640,000 50.6% 0.6%
    Midwest Heritage Bank FSB $460,000 $620,000 34.8% 0.5%
    PENNYMAC LOAN SERVICES, LLC $1,080,000 $620,000 -42.6% 0.5%
    Farm Credit Mid-America, ACA $1,205,000 $570,000 -52.7% 0.5%
    BMO Harris Bank $555,000 n/a 0.5%
    AMERICAN FINANCING CORPORATION $545,000 n/a 0.5%
    COMPEER FINANCIAL, FLCA $280,000 $530,000 89.3% 0.5%
    JPMorgan Chase Bank $1,405,000 $515,000 -63.3% 0.4%
    Regions Bank $435,000 $510,000 17.2% 0.4%
    AMERICAN FINANCE HOUSE LARIBA $505,000 n/a 0.4%
    Bank of America $355,000 $465,000 31.0% 0.4%
    EMBRACE HOME LOANS, INC. $195,000 $425,000 117.9% 0.4%
    Merchants Bank $5,275,000 $425,000 -91.9% 0.4%
    Collins Community Credit Union $205,000 $420,000 104.9% 0.4%
    FREEDOM MORTGAGE CORPORATION $1,365,000 $410,000 -70.0% 0.4%
    GERSHMAN INVESTMENT CORP. $865,000 $410,000 -52.6% 0.4%
    INLANTA MORTGAGE, INC. $405,000 n/a 0.4%
    NAVY FEDERAL CREDIT UNION $715,000 $380,000 -46.9% 0.3%
    Hills Bank and Trust Company $55,000 $375,000 581.8% 0.3%
    The Federal Savings Bank $345,000 n/a 0.3%
    VILLAGE CAPITAL MORTGAGE $605,000 $345,000 -43.0% 0.3%
    Bank Midwest $340,000 n/a 0.3%
    The Dart Bank $335,000 n/a 0.3%
    Peoples Bank $315,000 n/a 0.3%
    Carrington Mortgage Services, LLC $885,000 $310,000 -65.0% 0.3%
    Fidelity Bank $125,000 $310,000 148.0% 0.3%
    MORTGAGE ACCESS CORP. $650,000 $300,000 -53.8% 0.3%
    NEW DAY FINANCIAL, LLC $1,045,000 $295,000 -71.8% 0.3%
    Bank of the West $275,000 n/a 0.2%
    HOMESTAR FINANCIAL CORPORATION $275,000 n/a 0.2%
    MidWestOne Bank $270,000 n/a 0.2%
    DUPACO COMMUNITY $530,000 $265,000 -50.0% 0.2%
    Mr. Cooper ( Nationstar Mortgage ) $2,305,000 $265,000 -88.5% 0.2%
    AMERICAN PACIFIC MORTGAGE CORPORATION $255,000 n/a 0.2%
    FLAT BRANCH MORTGAGE, INC. $255,000 n/a 0.2%
    Northpointe Bank $255,000 n/a 0.2%
    ZILLOW HOME LOANS, LLC $305,000 $255,000 -16.4% 0.2%
    Bank Iowa $270,000 $250,000 -7.4% 0.2%
    Midstates Bank $245,000 n/a 0.2%
    Think Mutual Bank $245,000 n/a 0.2%
    Vibrant Credit Union $245,000 n/a 0.2%
    NATIONWIDE MORTGAGE BANKERS, INC. $235,000 n/a 0.2%
    ROYAL UNITED MORTGAGE LLC $550,000 $235,000 -57.3% 0.2%
    Green Belt Bank & Trust $485,000 $230,000 -52.6% 0.2%
    Charles Schwab Bank, SSB $225,000 n/a 0.2%
    UBS Bank USA $225,000 n/a 0.2%
    ENVOY MORTGAGE, LTD $215,000 n/a 0.2%
    Ohnward Bank & Trust $210,000 n/a 0.2%
    PENTAGON FEDERAL CREDIT UNION $195,000 n/a 0.2%
    HOMEBRIDGE FINANCIAL SERVICES, INC. $300,000 $185,000 -38.3% 0.2%
    Associated Bank $115,000 $175,000 52.2% 0.2%
    BETTER MORTGAGE CORPORATION $495,000 $175,000 -64.6% 0.2%
    Cf Bank $175,000 n/a 0.2%
    MUTUAL OF OMAHA MORTGAGE, INC. $175,000 n/a 0.2%
    Waterstone Mortgage Corporation $175,000 n/a 0.2%
    FINANCE OF AMERICA MORTGAGE LLC $245,000 $160,000 -34.7% 0.1%
    LEADERONE FINANCIAL CORPORATION $145,000 n/a 0.1%
    HIWAY $135,000 n/a 0.1%
    Alerus Financial $125,000 n/a 0.1%
    DAS Acquisition Company, LLC $125,000 n/a 0.1%
    Equity Prime Mortgage LLC $125,000 n/a 0.1%
    First National Bank, Ames, Iowa $405,000 $125,000 -69.1% 0.1%
    HomeTown Bank $115,000 n/a 0.1%
    Figure Lending LLC $110,000 n/a 0.1%
    Bank of England $200,000 $105,000 -47.5% 0.1%
    PRIMELENDING, A PLAINSCAPITAL COMPANY $105,000 n/a 0.1%
    LIBERTY HOME MORTGAGE CORPORATION $105,000 $100,000 -4.8% 0.1%
    AmeriHome Mortgage Company, LLC $95,000 $95,000 0.0% 0.1%
    CU MORTGAGE DIRECT, LLC $95,000 n/a 0.1%
    First Savings Bank $95,000 n/a 0.1%
    HIGHLANDS RESIDENTIAL MORTGAGE, LTD. $95,000 n/a 0.1%
    Hometown Lenders, Inc. $95,000 n/a 0.1%
    Fidelity Bank & Trust $810,000 $90,000 -88.9% 0.1%
    Chicago Mortgage Solutions LLC $85,000 n/a 0.1%
    GREATER IOWA CREDIT UNION $85,000 n/a 0.1%
    MARINE $100,000 $85,000 -15.0% 0.1%
    Citizens Bank $75,000 n/a 0.1%
    Northview Bank $75,000 n/a 0.1%
    Foresight Bank $65,000 n/a 0.1%
    QUORUM FEDERAL CREDIT UNION $65,000 n/a 0.1%
    WINGS FINANCIAL $55,000 n/a 0.0%
    CEDAR FALLS COMMUNITY CREDIT UNION $400,000 $45,000 -88.8% 0.0%
    Community Choice Credit Union $285,000 $35,000 -87.7% 0.0%
    AMERICAN ADVISORS GROUP $45,000 $15,000 -66.7% 0.0%
    Signature Federal Credit Union $15,000 n/a 0.0%

    Mason City's top lender by overall market share is Wells Fargo Bank, with 12.4% market share. In second place, with 8.7%, is CorTrust Bank, having originated $9,975,000 in loans. In third place, with 6.4%, is U.S. Bank, having originated $7,325,000 in loans. In fourth place, with 5.9%, is Plains Commerce Bank, having originated $6,710,000 in loans. In fifth place, with 5.6%, is QUICKEN LOANS, LLC, having originated $6,380,000 in loans.

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

    Realtor.com - Mason 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 $135,450 (4.2%) $195,274 (5.3%) 0.00 262
    2018-02-01 $139,900 (0.0%) $197,527 (-0.7%) 0.00 277
    2018-03-01 $144,985 (2.7%) $211,988 (5.6%) 0.00 268
    2018-04-01 $144,703 (-0.1%) $216,359 (4.7%) 0.00 288
    2018-05-01 $152,425 (2.8%) $230,640 (8.3%) 0.00 315
    2018-06-01 $149,900 (0.2%) $236,614 (10.6%) 0.00 346
    2018-07-01 $148,825 (1.2%) $229,871 (11.0%) 0.00 348
    2018-08-01 $147,225 (2.8%) $225,338 (14.0%) 0.00 351
    2018-09-01 $143,233 (4.6%) $215,033 (8.5%) 0.00 348
    2018-10-01 $147,912 (11.5%) $210,646 (8.7%) 0.00 349
    2018-11-01 $145,000 (7.4%) $207,901 (6.4%) 0.00 342
    2018-12-01 $139,900 (3.6%) $201,773 (1.3%) 0.00 303
    2019-01-01 $140,950 (4.1%) $204,863 (4.9%) 0.00 290
    2019-02-01 $147,250 (5.3%) $206,726 (4.7%) 0.00 296
    2019-03-01 $152,086 (4.9%) $210,884 (-0.5%) 0.00 305
    2019-04-01 $154,893 (7.0%) $216,666 (0.1%) 0.00 323
    2019-05-01 $159,900 (4.9%) $225,348 (-2.3%) 0.00 347
    2019-06-01 $170,000 (13.4%) $236,573 (0.0%) 0.00 352
    2019-07-01 $169,433 (13.9%) $223,249 (-2.9%) 0.00 400
    2019-08-01 $169,463 (15.1%) $222,898 (-1.1%) 0.00 400
    2019-09-01 $169,062 (18.0%) $222,111 (3.3%) 0.00 393
    2019-10-01 $168,325 (13.8%) $220,944 (4.9%) 0.00 389
    2019-11-01 $159,900 (10.3%) $212,501 (2.2%) 0.00 384
    2019-12-01 $156,850 (12.1%) $204,654 (1.4%) 0.00 336
    2020-01-01 $161,475 (14.6%) $210,105 (2.6%) 0.00 299
    2020-02-01 $161,050 (9.4%) $208,286 (0.8%) 0.00 324
    2020-03-01 $159,825 (5.1%) $204,677 (-2.9%) 0.00 318
    2020-04-01 $162,302 (4.8%) $214,532 (-1.0%) 0.00 291
    2020-05-01 $174,000 (8.8%) $221,637 (-1.7%) 0.00 304
    2020-06-01 $169,600 (-0.2%) $224,129 (-5.3%) 0.00 305
    2020-07-01 $171,750 (1.4%) $223,763 (0.2%) 0.00 262
    2020-08-01 $175,000 (3.3%) $233,075 (4.6%) 0.00 224
    2020-09-01 $173,225 (2.5%) $224,378 (1.0%) 0.00 217
    2020-10-01 $149,625 (-11.1%) $205,505 (-7.0%) 0.00 197
    2020-11-01 $141,700 (-11.4%) $199,662 (-6.0%) 0.00 197
    2020-12-01 $136,675 (-12.9%) $191,523 (-6.4%) 0.00 191
    2021-01-01 $148,600 (-8.0%) $201,710 (-4.0%) 0.00 174
    2021-02-01 $163,000 (1.2%) $206,742 (-0.7%) 0.00 141
    2021-03-01 $174,750 (9.3%) $225,378 (10.1%) 0.00 133
    2021-04-01 $202,600 (24.8%) $245,512 (14.4%) 0.00 145
    2021-05-01 $214,500 (23.3%) $274,114 (23.7%) 0.00 153
    2021-06-01 $191,150 (12.7%) $249,409 (11.3%) 0.00 168
    2021-07-01 $175,000 (1.9%) $232,759 (4.0%) 0.00 185
    2021-08-01 $170,625 (-2.5%) $228,246 (-2.1%) 0.00 189
    2021-09-01 $173,750 (0.3%) $239,297 (6.7%) 0.00 169
    2021-10-01 $162,500 (8.6%) $204,620 (-0.4%) 0.00 181
    2021-11-01 $149,650 (5.6%) $194,226 (-2.7%) 0.00 160
    2021-12-01 $147,000 (7.6%) $193,862 (1.2%) 0.00 157
    2022-01-01 $158,250 (6.5%) $199,443 (-1.1%) 0.00 140
    2022-02-01 $144,395 (-11.4%) $193,699 (-6.3%) 0.00 122
    2022-03-01 $138,400 (-20.8%) $190,776 (-15.4%) 0.00 112
    2022-04-01 $162,500 (-19.8%) $208,594 (-15.0%) 0.00 113
    2022-05-01 $211,500 (-1.4%) $284,541 (3.8%) 0.00 109
    2022-06-01 $228,000 (19.3%) $298,010 (19.5%) 0.00 119
    2022-07-01 $215,000 (22.9%) $310,594 (33.4%) 0.00 135
    2022-08-01 $215,000 (26.0%) $332,328 (45.6%) 0.00 141
    2022-09-01 $225,750 (29.9%) $354,183 (48.0%) 0.00 134
    2022-10-01 $234,900 (44.6%) $356,633 (74.3%) 0.00 140
    2022-11-01 $232,400 (55.3%) $355,273 (82.9%) 0.00 152
    2022-12-01 $247,450 (68.3%) $356,642 (84.0%) 0.00 138
    2023-01-01 $233,575 (47.6%) $336,432 (68.7%) 0.00 124
    2023-02-01 $249,900 (73.1%) $356,907 (84.3%) 0.00 127
    2023-03-01 $249,900 (80.6%) $374,087 (96.1%) 0.00 114
    2023-04-01 $247,450 (52.3%) $370,824 (77.8%) 0.00 109
    2023-05-01 $251,250 (18.8%) $371,136 (30.4%) 0.00 122
    2023-06-01 $257,500 (12.9%) $425,525 (42.8%) 0.00 116
    2023-07-01 $277,400 (29.0%) $444,878 (43.2%) 0.00 114
    2023-08-01 $290,475 (35.1%) $449,037 (35.1%) 0.00 105
    Mason City's median listing price for 2023-08-01 was $290,475, a difference of $75,475 (35.1%) versus the prior year and $13,075 versus the prior month.

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

    Mason City's average listing price for 2023-08-01 was $449,037, a difference of $116,709 (35.1%) versus the prior year and $4,159 versus the prior month.

    For the 2023-08-01 period, Mason City had 105 MLS listings, a difference of -9 listings (-8%) versus the prior month and -36 listings (-26%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Mason 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 1,911 sqft
    2018-02-01 0 days 1,927 sqft
    2018-03-01 0 days 1,962 sqft
    2018-04-01 0 days 1,968 sqft
    2018-05-01 0 days 1,998 sqft
    2018-06-01 0 days 1,996 sqft
    2018-07-01 0 days 1,967 sqft
    2018-08-01 0 days 2,000 sqft
    2018-09-01 0 days 1,968 sqft
    2018-10-01 0 days 1,972 sqft
    2018-11-01 0 days 2,002 sqft
    2018-12-01 0 days 1,968 sqft
    2019-01-01 0 days 1,987 sqft
    2019-02-01 0 days 1,989 sqft
    2019-03-01 0 days 2,047 sqft
    2019-04-01 0 days 2,125 sqft
    2019-05-01 0 days 2,146 sqft
    2019-06-01 0 days 2,138 sqft
    2019-07-01 0 days 2,035 sqft
    2019-08-01 0 days 2,020 sqft
    2019-09-01 0 days 2,009 sqft
    2019-10-01 0 days 2,000 sqft
    2019-11-01 0 days 2,001 sqft
    2019-12-01 0 days 1,976 sqft
    2020-01-01 0 days 1,996 sqft
    2020-02-01 0 days 1,944 sqft
    2020-03-01 0 days 1,944 sqft
    2020-04-01 0 days 1,976 sqft
    2020-05-01 0 days 1,976 sqft
    2020-06-01 0 days 1,944 sqft
    2020-07-01 0 days 1,984 sqft
    2020-08-01 0 days 1,994 sqft
    2020-09-01 0 days 1,952 sqft
    2020-10-01 0 days 1,905 sqft
    2020-11-01 0 days 1,910 sqft
    2020-12-01 0 days 1,870 sqft
    2021-01-01 0 days 1,876 sqft
    2021-02-01 0 days 1,895 sqft
    2021-03-01 0 days 1,880 sqft
    2021-04-01 0 days 1,779 sqft
    2021-05-01 0 days 1,833 sqft
    2021-06-01 0 days 1,820 sqft
    2021-07-01 0 days 1,860 sqft
    2021-08-01 0 days 1,881 sqft
    2021-09-01 0 days 1,872 sqft
    2021-10-01 0 days 1,874 sqft
    2021-11-01 0 days 1,886 sqft
    2021-12-01 0 days 1,890 sqft
    2022-01-01 0 days 1,900 sqft
    2022-02-01 0 days 1,838 sqft
    2022-03-01 0 days 1,888 sqft
    2022-04-01 0 days 1,790 sqft
    2022-05-01 0 days 1,912 sqft
    2022-06-01 0 days 1,960 sqft
    2022-07-01 0 days 1,975 sqft
    2022-08-01 0 days 1,963 sqft
    2022-09-01 0 days 1,975 sqft
    2022-10-01 0 days 1,911 sqft
    2022-11-01 0 days 1,982 sqft
    2022-12-01 0 days 2,003 sqft
    2023-01-01 0 days 2,042 sqft
    2023-02-01 0 days 2,023 sqft
    2023-03-01 0 days 1,872 sqft
    2023-04-01 0 days 1,851 sqft
    2023-05-01 0 days 1,903 sqft
    2023-06-01 0 days 2,056 sqft
    2023-07-01 0 days 2,138 sqft
    2023-08-01 0 days 2,118 sqft
    Mason City's median listing age (time on market) for 2023-08-01 was 0 days.

    Mason City's median square footage for active listings during the 2023-08-01 period was 2,118 sqft. One year prior, the average listing was 1,963 sqft.

    Mason City, IA Market Loan Reason

    Loan Purpose Originations Total Value Average Loan
    Home Purchase 436 $82,890,000 $190,115
    Cash Out Refi 103 $17,105,000 $166,068
    Refi 60 $11,100,000 $185,000
    Other 20 $2,170,000 $108,500
    Home Improvement 19 $1,435,000 $75,526

    Mason City's most frequently cited loan purpose was Home Purchase, with 436 originations. The 2nd most popular reason was Cash Out Refi, with 103 originations.

    Interest Rate Frequencies

    Loan Rate Originations Total Value Average Loan
    5-6% 174 $28,490,000 $163,736
    4-5% 169 $25,485,000 $150,799
    3-4% 128 $22,750,000 $177,734
    6-7% 79 $11,615,000 $147,025
    2.5-3% 32 $8,150,000 $254,688
    <2.5% 22 $2,090,000 $95,000
    7-8% 19 $2,615,000 $137,632
    Over 8% 3 $285,000 $95,000

    During 2022, Mason City's most frequently originated rate bucket was 5-6%, with 174 originations.

    Loan Sizing (Mason City, IA MSA)

    Loan Size Originations Total Value Average Loan
    $100k-200k 268 $37,490,000 $139,888
    $100,000 or less 216 $13,880,000 $64,259
    $200k-400k 119 $31,405,000 $263,908
    $400k-600k 25 $12,015,000 $480,600
    $Over $1MM 6 $17,000,000 $2,833,333
    $600k-1000k 4 $2,910,000 $727,500

    Mason City's loan sizing saw the bucket of loans from $100k-200k with 268 originations, totaling $37,490,000 in origination value.

    LTV Distribution

    Loan to Value Originations Total Value Average Loan
    80-100% 354 $60,580,000 $171,130
    60-80% 143 $25,265,000 $176,678
    40-60% 57 $10,045,000 $176,228
    Under 20% 34 $800,000 $23,529
    20-40% 30 $2,720,000 $90,667
    Over 100% 6 $1,710,000 $285,000

    Mason City's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 354 originations, totaling $60,580,000 in origination value.