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 6.85% for the week of 2025-07-10, compared to the national average of 6.72% for the same period.

    The average rate for the prior week (2025-07-03) was 6.4% and one month ago for the week of 2025-06-05, the average rate was 6.98%.

    Mason City's average rate one year ago was 6.88%.

    For refis of the same type during the week of 2025-07-10, the average rate was 6.92%.

    Loan Type Date Rate
    US 30 Year Fixed Rate 2025-07-10 6.72%
    Mason City 30 Year Fixed Rate 2025-07-10 6.85%
    Mason City 30 Year Fixed Rate Refi 2025-07-10 6.92%
    Mason City 15 Year Fixed Rate 2025-07-10 6.06%
    Mason City 15 Year Fixed Rate Refi 2025-07-10 6.06%
    Mason City 30 Year FHA 2025-07-10 6.72%
    Mason City 30 Year FHA Refi 2025-07-10 6.52%
    Mason City 30 Year USDA 2025-07-10 6.25%
    Mason City 30 Year USDA Refi 2025-07-10 6.55%
    Mason City 30 Year VA 2025-07-10 6.17%
    Mason City 30 Year VA Refi 2025-07-10 6.37%
    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 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
    Wells Fargo Bank 30 6.45% $3,577
    U.S. Bank 14 6.65% $2,947
    QUICKEN LOANS, LLC 12 7.07% $5,570
    Plains Commerce Bank 11 6.52% $2,933
    IOWA BANKERS MORTGAGE CORPORATION 11 6.23% $2,903
    VERIDIAN CREDIT UNION 10 5.86% $2,153
    GREENSTATE CREDIT UNION 9 6.46% $2,158
    UNION HOME MORTGAGE CORP. 9 6.78% $4,523
    CARDINAL FINANCIAL 4 6.97% $7,774
    Servion, Inc. 3 7.21% $4,740
    Luana Savings Bank 3 6.08% $1,339
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 3 7.25% $3,921
    GUARANTEED RATE, INC. 2 6.69% $3,125
    Bank of America 2 7.13% $2,477
    Premier Credit Union 2 6.06% $4,861
    COMPEER FINANCIAL, FLCA 2 7.38% $3,474
    NAVY FEDERAL CREDIT UNION 2 7.19% $1,583
    ZILLOW HOME LOANS, LLC 2 7.13% $3,791
    GUILD MORTGAGE COMPANY 1 6.88% $2,914
    Hills Bank and Trust Company 1 5.88% $2,164
    I. H. MISSISSIPPI VALLEY CREDIT UNION 1 6.13% $2,285
    Johnson Bank 1 6.55% $3,120
    LAND HOME FINANCIAL SERVICES, INC. 1 7.38% $4,071
    MidWestOne Bank 1 7.25% $2,574
    MUTUAL OF OMAHA MORTGAGE, INC. 1 5.99% $11,937
    NEWREZ LLC 1 6.50% $6,152
    NexBank 1 7.50% $5,287
    Northwest Bank 1 7.38% $5,467
    Paramount Bank 1 7.00% $1,872
    PNC Bank 1 7.25% $3,323
    Regions Bank 1 7.13% $2,954
    ROYAL UNITED MORTGAGE LLC 1 7.00% $6,281
    The Huntington National Bank 1 7.00% $3,582
    UNITED WHOLESALE MORTGAGE, LLC 1 6.63% $3,964
    AMERICAN PACIFIC MORTGAGE CORPORATION 1 6.00% $10,233
    West Gate Bank 1 6.50% $2,604
    WINGS FINANCIAL 1 5.75% $3,128
    USAA Federal Savings Bank 1 7.50% $3,713
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 1 8.13% $5,192
    Bankers Trust Company 1 6.75% $2,951
    Bank Iowa 1 7.38% $2,339
    Barrington Bank & Trust Company, N.A. 1 5.88% $3,403
    BELEM SERVICING LLC 1 6.25% $2,576
    BROKER SOLUTIONS, INC. 1 6.88% $3,120
    Cambria Financial Group, LLC 1 7.13% $4,491
    Central National Bank 1 6.88% $2,609
    Community Choice Credit Union 1 5.99% $2,469
    CROSSCOUNTRY MORTGAGE, LLC 1 6.45% $3,560
    Farm Credit Mid-America, ACA 1 7.25% $12,096
    Farmers State Bank 1 6.25% $1,790
    Fifth Third Bank 1 6.38% $4,805
    First Dakota National Bank 1 6.88% $3,053
    FRONTIER FINANCIAL, INC. 1 6.63% $4,543
    GREATER IOWA CREDIT UNION 1 6.99% $1,818
    GUARANTEED RATE AFFINITY, LLC 1 7.50% $7,942

    Mason City Average Closing Costs & Other Stats

    Mason City, IA's 55 lenders originated 491 loans during 2024. The total origination value was $82,375,000, with an average loan value of $167,770.

    Mason City's average closing costs are $3,883.

    The top Mason City lender as defined by loan originations is Wells Fargo Bank, with 30 loans originated. Their average total fees are $3,577, which is $630 higher than the next largest lender, U.S. Bank.

    The lowest fee Mason City lenders (with over 10 loans originated) are VERIDIAN CREDIT UNION ($2,153), IOWA BANKERS MORTGAGE CORPORATION ($2,903), Plains Commerce Bank ($2,933), U.S. Bank ($2,947) and Wells Fargo Bank ($3,577).

    The lowest rate Mason City lenders (with over 10 loans originated) are VERIDIAN CREDIT UNION (5.86%), IOWA BANKERS MORTGAGE CORPORATION (6.23%), Wells Fargo Bank (6.45%), Plains Commerce Bank (6.52%) and U.S. Bank (6.65%).

    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 2023 Loan Value 2024 Loan Value % Change 2024 Market Share
    QUICKEN LOANS, LLC $4,310,000 $5,740,000 33.2% 7.0%
    Wells Fargo Bank $10,180,000 $5,665,000 -44.4% 6.9%
    Manufacturers Bank & Trust Company $5,530,000 $4,945,000 -10.6% 6.0%
    Plains Commerce Bank $5,780,000 $4,190,000 -27.5% 5.1%
    VERIDIAN CREDIT UNION $1,530,000 $3,270,000 113.7% 4.0%
    Mortgage Research Center, LLC $2,020,000 $3,230,000 59.9% 3.9%
    U.S. Bank $2,525,000 $3,110,000 23.2% 3.8%
    Ames National Corporation/Reliance State Bank $4,215,000 $2,880,000 -31.7% 3.5%
    GREENSTATE CREDIT UNION $3,805,000 $2,840,000 -25.4% 3.4%
    IOWA BANKERS MORTGAGE CORPORATION $2,190,000 $2,360,000 7.8% 2.9%
    Northwest Bank $1,770,000 $1,975,000 11.6% 2.4%
    Bankers Trust Company $405,000 $1,645,000 306.2% 2.0%
    USAA Federal Savings Bank $125,000 $1,640,000 1,212.0% 2.0%
    CARDINAL FINANCIAL $1,480,000 $1,495,000 1.0% 1.8%
    Availa Bank $1,505,000 $1,395,000 -7.3% 1.7%
    UNION HOME MORTGAGE CORP. $780,000 $1,325,000 69.9% 1.6%
    NEW DAY FINANCIAL, LLC $260,000 $1,175,000 351.9% 1.4%
    Luana Savings Bank $765,000 $1,145,000 49.7% 1.4%
    Flanagan State Bank $480,000 $1,050,000 118.8% 1.3%
    CROSSCOUNTRY MORTGAGE, LLC $135,000 $960,000 611.1% 1.2%
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION $1,425,000 $960,000 -32.6% 1.2%
    VILLAGE CAPITAL MORTGAGE $870,000 n/a 1.1%
    BROKER SOLUTIONS, INC. $870,000 $860,000 -1.1% 1.0%
    UNITED WHOLESALE MORTGAGE, LLC $330,000 $855,000 159.1% 1.0%
    First National Bank, Ames, Iowa $835,000 n/a 1.0%
    LOANDEPOT.COM, LLC $835,000 $810,000 -3.0% 1.0%
    Bank of America $410,000 $795,000 93.9% 1.0%
    Servion, Inc. $545,000 $660,000 21.1% 0.8%
    NAVY FEDERAL CREDIT UNION $735,000 $620,000 -15.6% 0.8%
    West Gate Bank $615,000 n/a 0.7%
    Farm Credit Mid-America, ACA $460,000 $585,000 27.2% 0.7%
    Raccoon Valley Bank $585,000 n/a 0.7%
    Farmers State Bank $105,000 $565,000 438.1% 0.7%
    Regions Bank $555,000 n/a 0.7%
    PENNYMAC LOAN SERVICES, LLC $825,000 $515,000 -37.6% 0.6%
    Community State Bank $475,000 n/a 0.6%
    Bell Bank $1,635,000 $465,000 -71.6% 0.6%
    GUARANTEED RATE, INC. $330,000 $455,000 37.9% 0.6%
    First Bank $105,000 $430,000 309.5% 0.5%
    FREEDOM MORTGAGE CORPORATION $430,000 n/a 0.5%
    Central National Bank $415,000 n/a 0.5%
    PRIMELENDING, A PLAINSCAPITAL COMPANY $305,000 $415,000 36.1% 0.5%
    DuTrac Community Credit Union $405,000 n/a 0.5%
    VisionBank of Iowa $395,000 n/a 0.5%
    COMPEER FINANCIAL, FLCA $390,000 n/a 0.5%
    NEWREZ LLC $105,000 $390,000 271.4% 0.5%
    GUARANTEED RATE AFFINITY, LLC $385,000 n/a 0.5%
    DUPACO COMMUNITY $990,000 $370,000 -62.6% 0.4%
    HOMESIDE FINANCIAL, LLC $370,000 n/a 0.4%
    Community Choice Credit Union $480,000 $365,000 -24.0% 0.4%
    GUILD MORTGAGE COMPANY $770,000 $360,000 -53.2% 0.4%
    MUTUAL OF OMAHA MORTGAGE, INC. $355,000 n/a 0.4%
    Northeast Security Bank $355,000 n/a 0.4%
    Premier Credit Union $670,000 $350,000 -47.8% 0.4%
    AMERICAN PACIFIC MORTGAGE CORPORATION $195,000 $345,000 76.9% 0.4%
    Figure Lending LLC $160,000 $345,000 115.6% 0.4%
    MidWestOne Bank $315,000 n/a 0.4%
    PREMIA MORTGAGE, LLC $215,000 $315,000 46.5% 0.4%
    Texana Bank $315,000 n/a 0.4%
    ZILLOW HOME LOANS, LLC $310,000 n/a 0.4%
    Cedar Rapids Bank and Trust Company $170,000 $305,000 79.4% 0.4%
    WINGS FINANCIAL $295,000 $285,000 -3.4% 0.3%
    The Huntington National Bank $315,000 $275,000 -12.7% 0.3%
    Barrington Bank & Trust Company, N.A. $270,000 n/a 0.3%
    CEDAR FALLS COMMUNITY CREDIT UNION $35,000 $270,000 671.4% 0.3%
    Midwest Heritage Bank FSB $245,000 n/a 0.3%
    Flagstar Bank, FSB $250,000 $240,000 -4.0% 0.3%
    Bank Iowa $290,000 $225,000 -22.4% 0.3%
    I. H. MISSISSIPPI VALLEY CREDIT UNION $225,000 n/a 0.3%
    Cambria Financial Group, LLC $205,000 n/a 0.2%
    Mr. Cooper ( Nationstar Mortgage ) $675,000 $200,000 -70.4% 0.2%
    MID AMERICA MORTGAGE, INC. $125,000 $195,000 56.0% 0.2%
    Fifth Third Bank $185,000 n/a 0.2%
    Paramount Bank $185,000 n/a 0.2%
    FRONTIER FINANCIAL, INC. $310,000 $175,000 -43.5% 0.2%
    Hills Bank and Trust Company $5,335,000 $175,000 -96.7% 0.2%
    LAND HOME FINANCIAL SERVICES, INC. $175,000 n/a 0.2%
    MORTGAGE ACCESS CORP. $645,000 $175,000 -72.9% 0.2%
    TJC Mortgage, Inc. $175,000 n/a 0.2%
    GREATER IOWA CREDIT UNION $400,000 $170,000 -57.5% 0.2%
    BankIowa of Cedar Rapids $165,000 n/a 0.2%
    Coastal Community Bank $50,000 $160,000 220.0% 0.2%
    TOWNE MORTGAGE COMPANY $145,000 n/a 0.2%
    Bankers' Bank $710,000 $125,000 -82.4% 0.2%
    AMERICAN FINANCING CORPORATION $195,000 $115,000 -41.0% 0.1%
    Fidelity Bank & Trust $90,000 $115,000 27.8% 0.1%
    GNB Bank $75,000 $115,000 53.3% 0.1%
    First Dakota National Bank $105,000 n/a 0.1%
    First Interstate Bank $105,000 n/a 0.1%
    American State Bank $95,000 n/a 0.1%
    ARK-LA-TEX FINANCIAL SERVICES, LLC. $95,000 n/a 0.1%
    FINANCE OF AMERICA REVERSE LLC $140,000 $85,000 -39.3% 0.1%
    Lakeview Bank $85,000 n/a 0.1%
    NexBank $75,000 n/a 0.1%
    PNC Bank $75,000 n/a 0.1%
    ROYAL UNITED MORTGAGE LLC $140,000 $75,000 -46.4% 0.1%
    ALTRA $75,000 $65,000 -13.3% 0.1%
    BELEM SERVICING LLC $65,000 n/a 0.1%
    BMO Harris Bank $585,000 $65,000 -88.9% 0.1%
    Johnson Bank $55,000 $65,000 18.2% 0.1%
    City State Bank $55,000 n/a 0.1%
    PENTAGON FEDERAL CREDIT UNION $55,000 n/a 0.1%
    Alerus Financial $45,000 n/a 0.1%
    AMERISAVE MORTGAGE CORPORATION $125,000 $35,000 -72.0% 0.0%
    Associated Bank $35,000 n/a 0.0%
    Exchange State Bank $35,000 n/a 0.0%
    SPRING EQ, LLC $65,000 $35,000 -46.2% 0.0%
    Carrington Mortgage Services, LLC $130,000 $25,000 -80.8% 0.0%

    Mason City's top lender by overall market share is QUICKEN LOANS, LLC, with 7.0% market share. In second place, with 6.9%, is Wells Fargo Bank, having originated $5,665,000 in loans. In third place, with 6.0%, is Manufacturers Bank & Trust Company, having originated $4,945,000 in loans. In fourth place, with 5.1%, is Plains Commerce Bank, having originated $4,190,000 in loans. In fifth place, with 4.0%, is VERIDIAN CREDIT UNION, having originated $3,270,000 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 $225,000 (29.5%) $351,072 (46.7%) 0.00 133
    2022-10-01 $234,900 (44.6%) $356,633 (74.3%) 0.00 140
    2022-11-01 $232,400 (55.3%) $354,378 (82.5%) 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 $255,000 (20.6%) $370,643 (30.3%) 0.00 123
    2023-06-01 $260,350 (14.2%) $424,553 (42.5%) 0.00 117
    2023-07-01 $279,900 (30.2%) $443,704 (42.9%) 0.00 115
    2023-08-01 $291,625 (35.6%) $447,730 (34.7%) 0.00 106
    2023-09-01 $225,000 (0.0%) $383,447 (9.2%) 0.00 125
    2023-10-01 $230,950 (-1.7%) $353,502 (-0.9%) 0.00 144
    2023-11-01 $220,000 (-5.3%) $316,020 (-10.8%) 0.00 136
    2023-12-01 $222,000 (-10.3%) $310,947 (-12.8%) 0.00 130
    2024-01-01 $223,750 (-4.2%) $318,316 (-5.4%) 0.00 124
    2024-02-01 $217,450 (-13.0%) $306,260 (-14.2%) 0.00 137
    2024-03-01 $227,450 (-9.0%) $320,941 (-14.2%) 0.00 149
    2024-04-01 $239,675 (-3.1%) $364,804 (-1.6%) 0.00 160
    2024-05-01 $295,944 (16.1%) $389,124 (5.0%) 0.00 183
    2024-06-01 $289,000 (11.0%) $393,175 (-7.4%) 0.00 209
    2024-07-01 $299,913 (7.2%) $394,051 (-11.2%) 0.00 207
    2024-08-01 $299,900 (2.8%) $391,269 (-12.6%) 0.00 212
    2024-09-01 $299,450 (33.1%) $383,318 (0.0%) 0.00 215
    2024-10-01 $266,225 (15.3%) $352,910 (-0.2%) 0.00 261
    2024-11-01 $272,400 (23.8%) $344,582 (9.0%) 0.00 257
    2024-12-01 $280,000 (26.1%) $334,078 (7.4%) 0.00 240
    2025-01-01 $280,000 (25.1%) $332,537 (4.5%) 0.00 232
    2025-02-01 $283,750 (30.5%) $344,180 (12.4%) 0.00 232
    2025-03-01 $289,485 (27.3%) $382,592 (19.2%) 0.00 235
    2025-04-01 $292,195 (21.9%) $386,967 (6.1%) 0.00 256
    2025-05-01 $310,000 (4.8%) $391,554 (0.6%) 0.00 280
    2025-06-01 $299,375 (3.6%) $391,098 (-0.5%) 0.00 281
    Mason City's median listing price for 2025-06-01 was $299,375, a difference of $10,375 (3.6%) versus the prior year and $-10,625 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 2025-06-01 was $391,098, a difference of $-2,077 (-0.5%) versus the prior year and $-456 versus the prior month.

    For the 2025-06-01 period, Mason City had 281 MLS listings, a difference of 1 listings (0%) versus the prior month and 72 listings (34%) 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 1,980 sqft
    2019-02-01 0 days 1,986 sqft
    2019-03-01 0 days 2,042 sqft
    2019-04-01 0 days 2,120 sqft
    2019-05-01 0 days 2,145 sqft
    2019-06-01 0 days 2,137 sqft
    2019-07-01 0 days 2,031 sqft
    2019-08-01 0 days 2,014 sqft
    2019-09-01 0 days 1,999 sqft
    2019-10-01 0 days 1,990 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 1,899 sqft
    2023-06-01 0 days 2,052 sqft
    2023-07-01 0 days 2,132 sqft
    2023-08-01 0 days 2,110 sqft
    2023-09-01 0 days 2,016 sqft
    2023-10-01 0 days 1,936 sqft
    2023-11-01 0 days 2,016 sqft
    2023-12-01 0 days 2,019 sqft
    2024-01-01 0 days 2,027 sqft
    2024-02-01 0 days 1,926 sqft
    2024-03-01 0 days 1,920 sqft
    2024-04-01 0 days 1,875 sqft
    2024-05-01 0 days 1,969 sqft
    2024-06-01 0 days 2,022 sqft
    2024-07-01 0 days 2,025 sqft
    2024-08-01 0 days 2,060 sqft
    2024-09-01 0 days 2,027 sqft
    2024-10-01 0 days 1,873 sqft
    2024-11-01 0 days 1,920 sqft
    2024-12-01 0 days 1,983 sqft
    2025-01-01 0 days 2,016 sqft
    2025-02-01 0 days 2,017 sqft
    2025-03-01 0 days 2,026 sqft
    2025-04-01 0 days 2,084 sqft
    2025-05-01 0 days 2,054 sqft
    2025-06-01 0 days 2,186 sqft
    Mason City's median listing age (time on market) for 2025-06-01 was 0 days.

    Mason City's median square footage for active listings during the 2025-06-01 period was 2,186 sqft. One year prior, the average listing was 2,022 sqft.

    Mason City, IA Market Loan Reason

    Loan Purpose Originations Total Value Average Loan
    Home Purchase 320 $58,230,000 $181,969
    Refi 50 $11,570,000 $231,400
    Cash Out Refi 50 $7,920,000 $158,400
    Other 42 $2,570,000 $61,190
    Home Improvement 29 $2,085,000 $71,897

    Mason City's most frequently cited loan purpose was Home Purchase, with 320 originations. The 2nd most popular reason was Refi, with 50 originations.

    Interest Rate Frequencies

    Loan Rate Originations Total Value Average Loan
    6-7% 213 $37,305,000 $175,141
    7-8% 80 $13,540,000 $169,250
    5-6% 68 $11,570,000 $170,147
    Over 8% 55 $3,315,000 $60,273
    <2.5% 6 $30,000 $5,000
    4-5% 1 $295,000 $295,000

    During 2024, Mason City's most frequently originated rate bucket was 6-7%, with 213 originations.

    Loan Sizing (Mason City, IA MSA)

    Loan Size Originations Total Value Average Loan
    $100,000 or less 184 $10,870,000 $59,076
    $100k-200k 180 $25,600,000 $142,222
    $200k-400k 94 $26,180,000 $278,511
    $400k-600k 25 $11,835,000 $473,400
    $600k-1000k 6 $4,380,000 $730,000
    $Over $1MM 2 $3,510,000 $1,755,000

    Mason City's loan sizing saw the bucket of loans from $100,000 or less with 184 originations, totaling $10,870,000 in origination value.

    LTV Distribution

    Loan to Value Originations Total Value Average Loan
    80-100% 213 $37,105,000 $174,202
    60-80% 83 $16,455,000 $198,253
    Under 20% 51 $2,215,000 $43,431
    20-40% 44 $4,310,000 $97,955
    40-60% 25 $4,215,000 $168,600
    Over 100% 1 $215,000 $215,000

    Mason City's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 213 originations, totaling $37,105,000 in origination value.