McMinnville Mortgage Rates & Closing Costs

  • JUMP TO:
  • Trends
  • Rates vs. Fees
  • Top Lenders
  • Market Share
  • Market Conditions & Pricing
  • Time on Market/Property Size
  • Loan Attributes
    • 30yr Fixed Rate 15yr Fixed Rate FHA USDA VA 5/1 ARM

    30 Year Fixed Rate mortgages in Mcminnville averaged 6.34% for the week of 2024-12-12, compared to the national average of 6.6% for the same period.

    The average rate for the prior week (2024-12-05) was 6.63% and one month ago for the week of 2024-11-07, the average rate was 6.63%.

    Mcminnville's average rate one year ago was 6.77%.

    For refis of the same type during the week of 2024-12-12, the average rate was 6.7%.

    Loan Type Date Rate
    US 30 Year Fixed Rate 2024-12-12 6.6%
    Mcminnville 30 Year Fixed Rate 2024-12-12 6.34%
    Mcminnville 30 Year Fixed Rate Refi 2024-12-12 6.7%
    Mcminnville 15 Year Fixed Rate 2024-12-12 5.84%
    Mcminnville 15 Year Fixed Rate Refi 2024-12-12 5.94%
    Mcminnville 30 Year FHA 2024-12-12 6.19%
    Mcminnville 30 Year FHA Refi 2024-12-12 6.08%
    Mcminnville 30 Year USDA 2024-12-12 6.5%
    Mcminnville 30 Year USDA Refi 2024-12-12 6.5%
    Mcminnville 30 Year VA 2024-12-12 6.18%
    Mcminnville 30 Year VA Refi 2024-12-12 6.08%
    Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations within McMinnville, TN.

    McMinnville 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 McMinnville, TN 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 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    The First National Bank of Middle Tennessee 28 6.70% $6,823
    QUICKEN LOANS, LLC 25 6.51% $6,164
    CMG MORTGAGE, INC. 10 6.76% $5,391
    Citizens Tri-County Bank 8 6.70% $5,263
    Renasant Bank 8 6.72% $4,581
    ASCEND FEDERAL CREDIT UNION 7 6.23% $2,781
    U.S. Bank 6 7.02% $4,449
    FIRST COMMUNITY MORTGAGE, INC. 5 6.65% $7,037
    Regions Bank 4 7.22% $2,750
    GUARANTEED RATE, INC. 4 7.01% $5,391
    MORTGAGE INVESTORS GROUP, INC. 4 4.88% $7,181
    UNITED WHOLESALE MORTGAGE, LLC 4 7.23% $8,210
    SeaTrust Mortgage Company 3 7.25% $7,307
    VANDERBILT MORTGAGE AND FINANCE, INC. 3 7.04% $7,975
    CapStar Bank 3 6.50% $4,245
    FirstBank 3 6.92% $3,931
    Carrington Mortgage Services, LLC 2 5.69% $5,268
    NAVY FEDERAL CREDIT UNION 2 7.19% $6,643
    SWBC MORTGAGE CORPORATION 2 3.31% $0
    PENNYMAC LOAN SERVICES, LLC 2 5.81% $9,758
    UNION HOME MORTGAGE CORP. 2 7.50% $10,794
    BROKER SOLUTIONS, INC. 2 6.31% $4,095
    INTERLINC MORTGAGE SERVICES, LLC 1 7.13% $4,797
    JPMorgan Chase Bank 1 6.88% $5,005
    KNOXVILLE TVA EMPLOYEES CREDIT UNION 1 6.13% $6,000
    LADERA LENDING, INC. 1 5.88% $3,509
    LAND HOME FINANCIAL SERVICES, INC. 1 7.38% $3,400
    LOANDEPOT.COM, LLC 1 6.99% $4,744
    Midwest BankCentre 1 6.50% $2,997
    MORTGAGE ACCESS CORP. 1 7.25% $3,805
    MOVEMENT MORTGAGE, LLC 1 7.38% $7,376
    Pinnacle Bank 1 6.75% $4,491
    REDSTONE Federal Credit Union 1 7.38% $2,953
    RELIANCE FIRST CAPITAL, LLC 1 6.38% $7,566
    RESIDENTIAL WHOLESALE MORTGAGE, INC. 1 6.62% $3,955
    ROYAL UNITED MORTGAGE LLC 1 6.63% $7,844
    RUOFF MORTGAGE COMPANY, INC. 1 6.88% $6,060
    Simmons Bank 1 5.63% $3,774
    STOCKTON MORTGAGE CORPORATION 1 6.75% $4,996
    Stock Yards Bank & Trust Company 1 6.25% $5,417
    Synovus Bank 1 5.63% $1,104
    T2 FINANCIAL LLC 1 7.13% $11,682
    TENNESSEE VALLEY 1 5.56% $5,076
    UNITED NORTHERN MORTGAGE BANKERS LIMITED 1 6.63% $6,430
    VAN DYK MORTGAGE CORPORATION 1 6.50% $8,604
    21ST MORTGAGE CORPORATION 1 7.70% $4,951
    Wilson Bank And Trust 1 7.38% $525
    ACOPIA, LLC 1 8.38% $8,608
    AMCAP MORTGAGE, LTD. 1 5.99% $3,561
    AMERICAN FINANCIAL NETWORK, INC. 1 5.75% $8,454
    Ameris Bank 1 8.13% $14,558
    Bank of Tennessee 1 5.88% $2,632
    BAY-VALLEY MORTGAGE GROUP 1 5.50% $6,620
    Bell Bank 1 6.75% $8,783
    DHI MORTGAGE COMPANY, LTD. 1 6.50% $1,515
    EVANSVILLE TEACHERS 1 6.75% $4,200
    EVERETT FINANCIAL, INC. 1 7.00% $2,023
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 1 7.13% $4,725
    Farm Credit Mid-America, ACA 1 7.75% $5,252
    First-Citizens Bank & Trust Company 1 7.75% $3,822
    FIRST COLONY MORTGAGE CORPORATION 1 7.13% $4,364
    First Federal Bank 1 6.50% $3,777
    FirstTrust Home Loans, Inc. 1 7.63% $4,877
    First Vision Bank of Tennessee 1 5.88% $3,387
    F&M Bank 1 6.13% $3,705
    GUARANTY MORTGAGE SERVICES, L.L.C. 1 6.99% $4,965
    HIGHLANDS RESIDENTIAL MORTGAGE, LTD. 1 7.99% $7,784
    HOMESIDE FINANCIAL, LLC 1 6.00% $5,053

    McMinnville Average Closing Costs & Other Stats

    McMinnville, TN's 68 lenders originated 788 loans during 2023. The total origination value was $153,730,000, with an average loan value of $195,089.

    McMinnville's average closing costs are $5,415.

    The top McMinnville lender as defined by loan originations is The First National Bank of Middle Tennessee, with 28 loans originated. Their average total fees are $6,823, which is $659 higher than the next largest lender, QUICKEN LOANS, LLC.

    The lowest fee McMinnville lenders (with over 10 loans originated) are CMG MORTGAGE, INC. ($5,391), QUICKEN LOANS, LLC ($6,164), The First National Bank of Middle Tennessee ($6,823), .

    The lowest rate McMinnville lenders (with over 10 loans originated) are QUICKEN LOANS, LLC (6.51%), The First National Bank of Middle Tennessee (6.70%), CMG MORTGAGE, INC. (6.76%), .

    McMinnville, TN 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 2022 Loan Value 2023 Loan Value % Change 2023 Market Share
    The First National Bank of Middle Tennessee $12,915,000 $13,360,000 3.4% 8.7%
    QUICKEN LOANS, LLC $15,645,000 $13,150,000 -15.9% 8.6%
    Renasant Bank $14,830,000 $8,615,000 -41.9% 5.6%
    CMG MORTGAGE, INC. $5,870,000 $8,370,000 42.6% 5.4%
    Citizens Tri-County Bank $8,440,000 $5,705,000 -32.4% 3.7%
    Mortgage Research Center, LLC $5,370,000 $4,785,000 -10.9% 3.1%
    SeaTrust Mortgage Company $115,000 $4,250,000 3,595.7% 2.8%
    FIRST COMMUNITY MORTGAGE, INC. $7,750,000 $3,760,000 -51.5% 2.4%
    UNITED WHOLESALE MORTGAGE, LLC $2,555,000 $3,755,000 47.0% 2.4%
    FirstBank $2,565,000 $3,195,000 24.6% 2.1%
    MORTGAGE INVESTORS GROUP, INC. $1,520,000 $2,905,000 91.1% 1.9%
    U.S. Bank $4,170,000 $2,770,000 -33.6% 1.8%
    Wilson Bank And Trust $1,200,000 $2,675,000 122.9% 1.7%
    F&M Bank $635,000 $2,525,000 297.6% 1.6%
    ASCEND FEDERAL CREDIT UNION $3,380,000 $2,445,000 -27.7% 1.6%
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION $1,445,000 $2,380,000 64.7% 1.5%
    Regions Bank $3,350,000 $2,320,000 -30.7% 1.5%
    NAVY FEDERAL CREDIT UNION $990,000 $2,010,000 103.0% 1.3%
    21ST MORTGAGE CORPORATION $2,020,000 $1,720,000 -14.9% 1.1%
    BROKER SOLUTIONS, INC. $1,620,000 $1,495,000 -7.7% 1.0%
    Synovus Bank $390,000 $1,435,000 267.9% 0.9%
    Carrington Mortgage Services, LLC $310,000 $1,365,000 340.3% 0.9%
    PENNYMAC LOAN SERVICES, LLC $2,600,000 $1,355,000 -47.9% 0.9%
    UNION HOME MORTGAGE CORP. $1,135,000 $1,300,000 14.5% 0.8%
    GUARANTEED RATE, INC. $445,000 $1,220,000 174.2% 0.8%
    HIGHLANDS RESIDENTIAL MORTGAGE, LTD. $1,010,000 $1,125,000 11.4% 0.7%
    First Vision Bank of Tennessee $4,325,000 $1,100,000 -74.6% 0.7%
    CapStar Bank $915,000 $1,065,000 16.4% 0.7%
    LOANDEPOT.COM, LLC $2,620,000 $995,000 -62.0% 0.6%
    Magnolia Bank $295,000 $915,000 210.2% 0.6%
    Ameris Bank $145,000 $905,000 524.1% 0.6%
    SWBC MORTGAGE CORPORATION $1,380,000 $840,000 -39.1% 0.5%
    VANDERBILT MORTGAGE AND FINANCE, INC. $110,000 $830,000 654.5% 0.5%
    Mr. Cooper ( Nationstar Mortgage ) $1,240,000 $795,000 -35.9% 0.5%
    Pinnacle Bank $775,000 $785,000 1.3% 0.5%
    FirstTrust Home Loans, Inc. $755,000 n/a 0.5%
    GUILD MORTGAGE COMPANY $400,000 $730,000 82.5% 0.5%
    Princeton Mortgage Corporation $215,000 $725,000 237.2% 0.5%
    CROSSCOUNTRY MORTGAGE, LLC $1,805,000 $690,000 -61.8% 0.4%
    The Federal Savings Bank $255,000 $680,000 166.7% 0.4%
    Citizens Bank of Lafayette $25,000 $645,000 2,480.0% 0.4%
    AMCAP MORTGAGE, LTD. $605,000 $610,000 0.8% 0.4%
    EVANSVILLE TEACHERS $155,000 $600,000 287.1% 0.4%
    RESIDENTIAL WHOLESALE MORTGAGE, INC. $590,000 n/a 0.4%
    AMERISAVE MORTGAGE CORPORATION $2,105,000 $580,000 -72.4% 0.4%
    MID AMERICA MORTGAGE, INC. $225,000 $570,000 153.3% 0.4%
    INTERLINC MORTGAGE SERVICES, LLC $1,035,000 $550,000 -46.9% 0.4%
    Bell Bank $515,000 n/a 0.3%
    FIRST COLONY MORTGAGE CORPORATION $505,000 n/a 0.3%
    Heritage Bank & Trust $505,000 n/a 0.3%
    HOMESIDE FINANCIAL, LLC $1,235,000 $480,000 -61.1% 0.3%
    EVERETT FINANCIAL, INC. $300,000 $475,000 58.3% 0.3%
    JMJ FINANCIAL GROUP $475,000 n/a 0.3%
    DELTA COMMUNITY CREDIT UNION $465,000 n/a 0.3%
    ISERVE RESIDENTIAL LENDING, LLC $2,520,000 $460,000 -81.7% 0.3%
    Bank of Tennessee $580,000 $440,000 -24.1% 0.3%
    CB&S Bank, Inc. $435,000 n/a 0.3%
    FREEDOM MORTGAGE CORPORATION $1,100,000 $430,000 -60.9% 0.3%
    Flagstar Bank, FSB $530,000 $420,000 -20.8% 0.3%
    Legends Bank $1,055,000 $420,000 -60.2% 0.3%
    CARDINAL FINANCIAL $540,000 $400,000 -25.9% 0.3%
    EASTMAN $395,000 n/a 0.3%
    GUARANTY MORTGAGE SERVICES, L.L.C. $205,000 $390,000 90.2% 0.3%
    ACOPIA, LLC $1,470,000 $385,000 -73.8% 0.3%
    AMERICAN FINANCIAL NETWORK, INC. $380,000 n/a 0.2%
    Bank of America $390,000 $370,000 -5.1% 0.2%
    1ST SIGNATURE LENDING, LLC $1,365,000 $350,000 -74.4% 0.2%
    VILLAGE CAPITAL MORTGAGE $350,000 n/a 0.2%
    Simmons Bank $345,000 n/a 0.2%
    Citizens Bank $145,000 $340,000 134.5% 0.2%
    VAN DYK MORTGAGE CORPORATION $195,000 $340,000 74.4% 0.2%
    Equity Prime Mortgage LLC $335,000 n/a 0.2%
    REDSTONE Federal Credit Union $1,825,000 $330,000 -81.9% 0.2%
    MILEND, INC. $320,000 n/a 0.2%
    TENNESSEE VALLEY $255,000 $315,000 23.5% 0.2%
    Legacy Home Loans, LLC $1,065,000 $305,000 -71.4% 0.2%
    T2 FINANCIAL LLC $305,000 n/a 0.2%
    AmRes Corporation $830,000 $295,000 -64.5% 0.2%
    CIBM Bank $295,000 n/a 0.2%
    MOVEMENT MORTGAGE, LLC $840,000 $295,000 -64.9% 0.2%
    FINANCE OF AMERICA REVERSE LLC $290,000 n/a 0.2%
    First Horizon Bank $3,765,000 $285,000 -92.4% 0.2%
    PENTAGON FEDERAL CREDIT UNION $145,000 $285,000 96.6% 0.2%
    ROSS MORTGAGE CORPORATION $275,000 n/a 0.2%
    Farm Credit Mid-America, ACA $2,680,000 $270,000 -89.9% 0.2%
    Plains Commerce Bank $270,000 n/a 0.2%
    MORTGAGE ACCESS CORP. $265,000 n/a 0.2%
    Citizens Bank $145,000 $260,000 79.3% 0.2%
    Figure Lending LLC $260,000 n/a 0.2%
    Armed Forces Bank $255,000 n/a 0.2%
    BAY-VALLEY MORTGAGE GROUP $255,000 n/a 0.2%
    KNOXVILLE TVA EMPLOYEES CREDIT UNION $245,000 n/a 0.2%
    SECURITYNATIONAL MORTGAGE COMPANY $355,000 $245,000 -31.0% 0.2%
    ROYAL UNITED MORTGAGE LLC $375,000 $235,000 -37.3% 0.2%
    AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC $225,000 n/a 0.1%
    COMMUNITY MORTGAGE CORPORATION $500,000 $225,000 -55.0% 0.1%
    OCMBC, INC. $220,000 n/a 0.1%
    Semper Home Loans, Inc. $215,000 n/a 0.1%
    HomeTrust Bank $55,000 $200,000 263.6% 0.1%
    JPMorgan Chase Bank $150,000 $195,000 30.0% 0.1%
    Midwest BankCentre $195,000 n/a 0.1%
    RUOFF MORTGAGE COMPANY, INC. $195,000 n/a 0.1%
    SUMMIT FUNDING, INC. $195,000 n/a 0.1%
    Century Mortgage Company DBA Century Lending Company $185,000 n/a 0.1%
    CHURCHILL MORTGAGE CORPORATION $505,000 $175,000 -65.3% 0.1%
    First-Citizens Bank & Trust Company $125,000 $175,000 40.0% 0.1%
    SILVER HILL FUNDING, LLC $165,000 n/a 0.1%
    STOCKTON MORTGAGE CORPORATION $1,015,000 $165,000 -83.7% 0.1%
    Stock Yards Bank & Trust Company $165,000 n/a 0.1%
    THE MORTGAGE FIRM, INC. $655,000 $160,000 -75.6% 0.1%
    ENDEAVOR CAPITAL, LLC. $155,000 n/a 0.1%
    Commerce Home Mortgage, Inc. $145,000 n/a 0.1%
    DHI MORTGAGE COMPANY, LTD. $245,000 $145,000 -40.8% 0.1%
    LIMA ONE CAPITAL, LLC $145,000 n/a 0.1%
    NEW DAY FINANCIAL, LLC $1,120,000 $135,000 -87.9% 0.1%
    RELIANCE FIRST CAPITAL, LLC $465,000 $135,000 -71.0% 0.1%
    LAND HOME FINANCIAL SERVICES, INC. $425,000 $125,000 -70.6% 0.1%
    Nations Lending Corporation $95,000 $125,000 31.6% 0.1%
    LAKEVIEW LOAN SERVICING, LLC $290,000 $115,000 -60.3% 0.1%
    LENDINGHOME FUNDING CORPORATION $270,000 $115,000 -57.4% 0.1%
    MUTUAL OF OMAHA MORTGAGE, INC. $925,000 $115,000 -87.6% 0.1%
    Third Federal Savings and Loan Association of Cleveland $110,000 n/a 0.1%
    First Federal Bank $105,000 n/a 0.1%
    JLB CORPORATION $430,000 $105,000 -75.6% 0.1%
    SouthEast Bank $105,000 n/a 0.1%
    UNITED NORTHERN MORTGAGE BANKERS LIMITED $105,000 n/a 0.1%
    Truist $125,000 $100,000 -20.0% 0.1%
    BancorpSouth $95,000 n/a 0.1%
    TOP FLITE FINANCIAL, INC. $145,000 $95,000 -34.5% 0.1%
    HOMEBRIDGE FINANCIAL SERVICES, INC. $235,000 $65,000 -72.3% 0.0%
    LADERA LENDING, INC. $255,000 $65,000 -74.5% 0.0%
    Coastal Community Bank $55,000 n/a 0.0%
    Discover Bank $55,000 n/a 0.0%
    PNC Bank $170,000 $45,000 -73.5% 0.0%
    Fortera Federal Credit Union $35,000 n/a 0.0%
    Northwest Federal Credit Union $25,000 n/a 0.0%

    McMinnville's top lender by overall market share is The First National Bank of Middle Tennessee, with 8.7% market share. In second place, with 8.6%, is QUICKEN LOANS, LLC, having originated $13,150,000 in loans. In third place, with 5.6%, is Renasant Bank, having originated $8,615,000 in loans. In fourth place, with 5.4%, is CMG MORTGAGE, INC., having originated $8,370,000 in loans. In fifth place, with 3.7%, is Citizens Tri-County Bank, having originated $5,705,000 in loans.

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

    Realtor.com - McMinnville (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 $182,300 (48.9%) $280,673 (37.5%) 0.00 119
    2018-02-01 $189,125 (44.2%) $290,380 (33.6%) 0.00 114
    2018-03-01 $197,400 (65.4%) $286,217 (34.2%) 0.00 116
    2018-04-01 $191,200 (51.5%) $284,010 (30.3%) 0.00 127
    2018-05-01 $194,900 (45.3%) $290,202 (24.5%) 0.00 129
    2018-06-01 $190,950 (41.5%) $276,310 (13.3%) 0.00 136
    2018-07-01 $199,925 (33.4%) $294,114 (17.4%) 0.00 127
    2018-08-01 $201,200 (28.1%) $284,237 (12.3%) 0.00 141
    2018-09-01 $185,000 (19.4%) $272,848 (8.0%) 0.00 148
    2018-10-01 $193,100 (18.8%) $274,616 (2.6%) 0.00 152
    2018-11-01 $199,900 (12.7%) $282,686 (1.1%) 0.00 154
    2018-12-01 $199,900 (2.9%) $280,774 (-2.6%) 0.00 151
    2019-01-01 $199,900 (9.7%) $283,183 (0.9%) 0.00 138
    2019-02-01 $197,725 (4.6%) $281,519 (-3.1%) 0.00 132
    2019-03-01 $207,071 (4.9%) $283,122 (-1.1%) 0.00 119
    2019-04-01 $200,846 (5.1%) $279,418 (-1.6%) 0.00 117
    2019-05-01 $234,400 (20.3%) $295,143 (1.7%) 0.00 126
    2019-06-01 $229,900 (20.4%) $295,917 (7.1%) 0.00 115
    2019-07-01 $237,075 (18.6%) $301,351 (2.5%) 0.00 112
    2019-08-01 $262,564 (30.5%) $316,042 (11.2%) 0.00 110
    2019-09-01 $247,734 (33.9%) $310,485 (13.8%) 0.00 120
    2019-10-01 $234,350 (21.4%) $303,744 (10.6%) 0.00 128
    2019-11-01 $215,000 (7.6%) $290,941 (2.9%) 0.00 129
    2019-12-01 $212,000 (6.1%) $294,831 (5.0%) 0.00 116
    2020-01-01 $193,225 (-3.3%) $270,442 (-4.5%) 0.00 114
    2020-02-01 $188,250 (-4.8%) $265,448 (-5.7%) 0.00 102
    2020-03-01 $190,725 (-7.9%) $283,860 (0.3%) 0.00 96
    2020-04-01 $194,500 (-3.2%) $288,346 (3.2%) 0.00 97
    2020-05-01 $199,000 (-15.1%) $299,984 (1.6%) 0.00 98
    2020-06-01 $203,675 (-11.4%) $323,598 (9.4%) 0.00 77
    2020-07-01 $212,225 (-10.5%) $342,755 (13.7%) 0.00 76
    2020-08-01 $229,900 (-12.4%) $347,617 (10.0%) 0.00 71
    2020-09-01 $236,750 (-4.4%) $366,626 (18.1%) 0.00 74
    2020-10-01 $245,000 (4.5%) $395,846 (30.3%) 0.00 64
    2020-11-01 $247,450 (15.1%) $397,157 (36.5%) 0.00 69
    2020-12-01 $264,613 (24.8%) $421,261 (42.9%) 0.00 62
    2021-01-01 $249,500 (29.1%) $439,105 (62.4%) 0.00 56
    2021-02-01 $251,888 (33.8%) $425,426 (60.3%) 0.00 50
    2021-03-01 $309,800 (62.4%) $550,072 (93.8%) 0.00 39
    2021-04-01 $349,900 (79.9%) $543,012 (88.3%) 0.00 34
    2021-05-01 $339,000 (70.4%) $494,339 (64.8%) 0.00 42
    2021-06-01 $307,450 (51.0%) $488,593 (51.0%) 0.00 52
    2021-07-01 $294,500 (38.8%) $399,565 (16.6%) 0.00 67
    2021-08-01 $321,575 (39.9%) $428,526 (23.3%) 0.00 76
    2021-09-01 $349,900 (47.8%) $454,100 (23.9%) 0.00 76
    2021-10-01 $329,900 (34.7%) $425,948 (7.6%) 0.00 80
    2021-11-01 $256,980 (3.9%) $345,166 (-13.1%) 0.00 83
    2021-12-01 $259,675 (-1.9%) $329,154 (-21.9%) 0.00 75
    2022-01-01 $269,900 (8.2%) $327,498 (-25.4%) 0.00 69
    2022-02-01 $287,175 (14.0%) $378,377 (-11.1%) 0.00 58
    2022-03-01 $297,100 (-4.1%) $370,372 (-32.7%) 0.00 60
    2022-04-01 $299,900 (-14.3%) $406,669 (-25.1%) 0.00 70
    2022-05-01 $307,450 (-9.3%) $442,497 (-10.5%) 0.00 72
    2022-06-01 $312,450 (1.6%) $515,228 (5.5%) 0.00 102
    2022-07-01 $299,900 (1.8%) $520,660 (30.3%) 0.00 118
    2022-08-01 $319,908 (-0.5%) $521,188 (21.6%) 0.00 119
    2022-09-01 $321,150 (-8.2%) $511,639 (12.7%) 0.00 124
    2022-10-01 $344,900 (4.6%) $522,023 (22.6%) 0.00 132
    2022-11-01 $307,475 (19.7%) $470,818 (36.4%) 0.00 164
    2022-12-01 $310,000 (19.4%) $463,081 (40.7%) 0.00 148
    2023-01-01 $309,450 (14.7%) $447,998 (36.8%) 0.00 143
    2023-02-01 $307,400 (7.0%) $419,175 (10.8%) 0.00 138
    2023-03-01 $313,975 (5.7%) $404,049 (9.1%) 0.00 120
    2023-04-01 $344,900 (15.0%) $428,762 (5.4%) 0.00 122
    2023-05-01 $372,425 (21.1%) $448,104 (1.3%) 0.00 119
    2023-06-01 $376,150 (20.4%) $452,628 (-12.2%) 0.00 127
    2023-07-01 $356,200 (18.8%) $503,772 (-3.2%) 0.00 127
    2023-08-01 $359,675 (12.4%) $494,398 (-5.1%) 0.00 133
    2023-09-01 $349,700 (8.9%) $478,377 (-6.5%) 0.00 148
    2023-10-01 $345,900 (0.3%) $466,752 (-10.6%) 0.00 155
    2023-11-01 $345,224 (12.3%) $460,916 (-2.1%) 0.00 159
    2023-12-01 $345,450 (11.4%) $459,391 (-0.8%) 0.00 149
    2024-01-01 $347,600 (12.3%) $453,389 (1.2%) 0.00 140
    2024-02-01 $327,425 (6.5%) $436,010 (4.0%) 0.00 131
    2024-03-01 $325,000 (3.5%) $434,148 (7.5%) 0.00 141
    2024-04-01 $333,625 (-3.3%) $431,744 (0.7%) 0.00 160
    2024-05-01 $331,000 (-11.1%) $419,013 (-6.5%) 0.00 176
    2024-06-01 $329,900 (-12.3%) $415,725 (-8.2%) 0.00 189
    2024-07-01 $331,150 (-7.0%) $411,826 (-18.3%) 0.00 193
    2024-08-01 $325,000 (-9.6%) $403,042 (-18.5%) 0.00 191
    2024-09-01 $325,000 (-7.1%) $400,238 (-16.3%) 0.00 198
    2024-10-01 $329,900 (-4.6%) $400,422 (-14.2%) 0.00 207
    2024-11-01 $330,000 (-4.4%) $405,812 (-12.0%) 0.00 224
    McMinnville's median listing price for 2024-11-01 was $330,000, a difference of $-15,224 (-4.4%) versus the prior year and $100 versus the prior month.

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

    McMinnville's average listing price for 2024-11-01 was $405,812, a difference of $-55,104 (-12.0%) versus the prior year and $5,390 versus the prior month.

    For the 2024-11-01 period, McMinnville had 224 MLS listings, a difference of 17 listings (8%) versus the prior month and 65 listings (41%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - McMinnville (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 1,870 sqft
    2018-02-01 0 days 1,869 sqft
    2018-03-01 0 days 1,908 sqft
    2018-04-01 0 days 1,945 sqft
    2018-05-01 0 days 1,888 sqft
    2018-06-01 0 days 1,832 sqft
    2018-07-01 0 days 1,928 sqft
    2018-08-01 0 days 1,916 sqft
    2018-09-01 0 days 1,730 sqft
    2018-10-01 0 days 1,720 sqft
    2018-11-01 0 days 1,816 sqft
    2018-12-01 0 days 1,864 sqft
    2019-01-01 0 days 1,918 sqft
    2019-02-01 0 days 2,019 sqft
    2019-03-01 0 days 1,912 sqft
    2019-04-01 0 days 1,831 sqft
    2019-05-01 0 days 2,028 sqft
    2019-06-01 0 days 2,074 sqft
    2019-07-01 0 days 2,082 sqft
    2019-08-01 0 days 2,207 sqft
    2019-09-01 0 days 2,178 sqft
    2019-10-01 0 days 2,153 sqft
    2019-11-01 0 days 2,021 sqft
    2019-12-01 0 days 1,988 sqft
    2020-01-01 0 days 1,814 sqft
    2020-02-01 0 days 1,809 sqft
    2020-03-01 0 days 1,811 sqft
    2020-04-01 0 days 1,776 sqft
    2020-05-01 0 days 1,795 sqft
    2020-06-01 0 days 1,790 sqft
    2020-07-01 0 days 1,867 sqft
    2020-08-01 0 days 1,930 sqft
    2020-09-01 0 days 1,862 sqft
    2020-10-01 0 days 1,840 sqft
    2020-11-01 0 days 1,878 sqft
    2020-12-01 0 days 1,920 sqft
    2021-01-01 0 days 1,924 sqft
    2021-02-01 0 days 1,920 sqft
    2021-03-01 0 days 2,127 sqft
    2021-04-01 0 days 2,182 sqft
    2021-05-01 0 days 2,055 sqft
    2021-06-01 0 days 1,849 sqft
    2021-07-01 0 days 1,766 sqft
    2021-08-01 0 days 1,843 sqft
    2021-09-01 0 days 1,920 sqft
    2021-10-01 0 days 1,892 sqft
    2021-11-01 0 days 1,608 sqft
    2021-12-01 0 days 1,700 sqft
    2022-01-01 0 days 1,728 sqft
    2022-02-01 0 days 1,839 sqft
    2022-03-01 0 days 1,849 sqft
    2022-04-01 0 days 1,691 sqft
    2022-05-01 0 days 1,576 sqft
    2022-06-01 0 days 1,779 sqft
    2022-07-01 0 days 1,743 sqft
    2022-08-01 0 days 1,890 sqft
    2022-09-01 0 days 1,822 sqft
    2022-10-01 0 days 1,924 sqft
    2022-11-01 0 days 1,848 sqft
    2022-12-01 0 days 1,825 sqft
    2023-01-01 0 days 1,777 sqft
    2023-02-01 0 days 1,794 sqft
    2023-03-01 0 days 1,778 sqft
    2023-04-01 0 days 1,846 sqft
    2023-05-01 0 days 1,924 sqft
    2023-06-01 0 days 1,949 sqft
    2023-07-01 0 days 1,929 sqft
    2023-08-01 0 days 1,919 sqft
    2023-09-01 0 days 1,819 sqft
    2023-10-01 0 days 1,809 sqft
    2023-11-01 0 days 1,724 sqft
    2023-12-01 0 days 1,750 sqft
    2024-01-01 0 days 1,712 sqft
    2024-02-01 0 days 1,690 sqft
    2024-03-01 0 days 1,660 sqft
    2024-04-01 0 days 1,632 sqft
    2024-05-01 0 days 1,644 sqft
    2024-06-01 0 days 1,662 sqft
    2024-07-01 0 days 1,640 sqft
    2024-08-01 0 days 1,600 sqft
    2024-09-01 0 days 1,647 sqft
    2024-10-01 0 days 1,733 sqft
    2024-11-01 0 days 1,766 sqft
    McMinnville's median listing age (time on market) for 2024-11-01 was 0 days.

    McMinnville's median square footage for active listings during the 2024-11-01 period was 1,766 sqft. One year prior, the average listing was 1,724 sqft.

    McMinnville, TN Market Loan Reason

    Loan Purpose Originations Total Value Average Loan
    Home Purchase 468 $106,640,000 $227,863
    Cash Out Refi 108 $19,650,000 $181,944
    Refi 103 $17,795,000 $172,767
    Other 60 $4,590,000 $76,500
    Home Improvement 49 $5,055,000 $103,163

    Mcminnville's most frequently cited loan purpose was Home Purchase, with 468 originations. The 2nd most popular reason was Cash Out Refi, with 108 originations.

    Interest Rate Frequencies

    Loan Rate Originations Total Value Average Loan
    6-7% 234 $51,480,000 $220,000
    7-8% 145 $33,575,000 $231,552
    5-6% 144 $34,320,000 $238,333
    Over 8% 137 $16,955,000 $123,759
    <2.5% 11 $605,000 $55,000
    4-5% 3 $635,000 $211,667
    2.5-3% 1 $315,000 $315,000

    During 2023, Mcminnville's most frequently originated rate bucket was 6-7%, with 234 originations.

    Loan Sizing (McMinnville, TN MSA)

    Loan Size Originations Total Value Average Loan
    $200k-400k 282 $73,090,000 $259,184
    $100k-200k 265 $40,695,000 $153,566
    $100,000 or less 191 $9,225,000 $48,298
    $400k-600k 36 $16,430,000 $456,389
    $600k-1000k 10 $6,850,000 $685,000
    $Over $1MM 4 $7,440,000 $1,860,000

    McMinnville's loan sizing saw the bucket of loans from $200k-400k with 282 originations, totaling $73,090,000 in origination value.

    LTV Distribution

    Loan to Value Originations Total Value Average Loan
    80-100% 318 $79,350,000 $249,528
    60-80% 132 $31,660,000 $239,848
    Under 20% 83 $2,515,000 $30,301
    40-60% 69 $14,795,000 $214,420
    20-40% 64 $6,340,000 $99,063
    Over 100% 10 $3,230,000 $323,000

    McMinnville's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 318 originations, totaling $79,350,000 in origination value.