MUSKEGON Mortgage Rates & Closing Costs
30yr Fixed Rate
15yr Fixed Rate
FHA
USDA
VA
5/1 ARM
30 Year Fixed Rate mortgages in Muskegon averaged
6.71%
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
6.7% and
one month ago for the week of 2024-11-07, the
average rate was 6.8%.
Muskegon's average rate one year ago was 7.04%.
For refis of the same type during the week of 2024-12-12, the average rate
was 7.07%.
| Loan Type | Date | Rate |
|---|---|---|
| US 30 Year Fixed Rate | 2024-12-12 | 6.6% |
| Muskegon 30 Year Fixed Rate | 2024-12-12 | 6.71% |
| Muskegon 30 Year Fixed Rate Refi | 2024-12-12 | 7.07% |
| Muskegon 15 Year Fixed Rate | 2024-12-12 | 6.16% |
| Muskegon 15 Year Fixed Rate Refi | 2024-12-12 | 6.24% |
| Muskegon 30 Year FHA | 2024-12-12 | 6.4% |
| Muskegon 30 Year FHA Refi | 2024-12-12 | 6.18% |
| Muskegon 30 Year USDA | 2024-12-12 | 6.4% |
| Muskegon 30 Year USDA Refi | 2024-12-12 | 6.2% |
| Muskegon 30 Year VA | 2024-12-12 | 6.11% |
| Muskegon 30 Year VA Refi | 2024-12-12 | 6.28% |
Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations within MUSKEGON, MI.
MUSKEGON 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 MUSKEGON, MI 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.).
MUSKEGON Average Closing Costs & Other Stats
MUSKEGON, MI's 115 lenders originated 3,894
loans during 2023. The total origination value was $637,840,000, with an average loan value of
$163,801.
MUSKEGON's average closing costs are $4,025.
The top MUSKEGON lender as defined by loan originations is LAKE MICHIGAN CREDIT UNION, with
276 loans originated. Their average total fees are
$3,286, which is $1,287
lower than the next largest lender,
MORTGAGE 1 INCORPORATED.
The lowest fee MUSKEGON lenders (with over 10 loans originated) are
ChoiceOne Bank ($2,775), JPMorgan Chase Bank ($2,883), Independent Bank ($3,281), LAKE MICHIGAN CREDIT UNION ($3,286) and The Huntington National Bank ($3,317).
The lowest rate MUSKEGON lenders (with over 10 loans originated) are
PNC Bank (6.48%), MMS MORTGAGE SERVICES, LTD. (6.61%), JPMorgan Chase Bank (6.66%), LAKE MICHIGAN CREDIT UNION (6.72%) and QUICKEN LOANS, LLC (6.78%).
MUSKEGON, MI 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 |
|---|---|---|---|---|
| LAKE MICHIGAN CREDIT UNION | $137,000,000 | $112,645,000 | -17.8% | 17.7% |
| MORTGAGE 1 INCORPORATED | $58,990,000 | $49,050,000 | -16.9% | 7.7% |
| UNITED WHOLESALE MORTGAGE, LLC | $29,975,000 | $37,565,000 | 25.3% | 5.9% |
| QUICKEN LOANS, LLC | $49,410,000 | $35,180,000 | -28.8% | 5.5% |
| The Huntington National Bank | $41,160,000 | $31,925,000 | -22.4% | 5.0% |
| VAN DYK MORTGAGE CORPORATION | $43,595,000 | $27,495,000 | -36.9% | 4.3% |
| Fifth Third Bank | $40,770,000 | $26,790,000 | -34.3% | 4.2% |
| ChoiceOne Bank | $20,140,000 | $21,535,000 | 6.9% | 3.4% |
| TOWNE MORTGAGE COMPANY | $22,125,000 | $13,265,000 | -40.0% | 2.1% |
| CONSUMERS | $12,920,000 | $13,145,000 | 1.7% | 2.1% |
| Independent Bank | $14,045,000 | $12,485,000 | -11.1% | 2.0% |
| Mortgage Research Center, LLC | $10,800,000 | $12,120,000 | 12.2% | 1.9% |
| Neighborhood Loans, Inc. | $14,755,000 | $11,300,000 | -23.4% | 1.8% |
| Isabella Bank | $9,600,000 | $10,125,000 | 5.5% | 1.6% |
| PNC Bank | $23,350,000 | $9,185,000 | -60.7% | 1.4% |
| LEADERONE FINANCIAL CORPORATION | $8,730,000 | n/a | 1.4% | |
| First National Bank of Michigan | $7,670,000 | n/a | 1.2% | |
| ARK-LA-TEX FINANCIAL SERVICES, LLC. | $6,285,000 | $7,275,000 | 15.8% | 1.1% |
| MMS MORTGAGE SERVICES, LTD. | $3,430,000 | $6,570,000 | 91.5% | 1.0% |
| T2 FINANCIAL LLC | $6,735,000 | $6,565,000 | -2.5% | 1.0% |
| Mercantile Bank of Michigan | $3,475,000 | $6,340,000 | 82.4% | 1.0% |
| Best Financial Credit Union | $4,130,000 | $5,145,000 | 24.6% | 0.8% |
| United Bank of Michigan | $935,000 | $5,030,000 | 438.0% | 0.8% |
| FIRST COMMUNITY MORTGAGE, INC. | $770,000 | $4,325,000 | 461.7% | 0.7% |
| Comerica Bank | $13,190,000 | $4,320,000 | -67.2% | 0.7% |
| Adventure Credit Union | $1,285,000 | $3,965,000 | 208.6% | 0.6% |
| SUCCESS MORTGAGE PARTNERS, INC. | $4,830,000 | $3,860,000 | -20.1% | 0.6% |
| JPMorgan Chase Bank | $9,210,000 | $3,690,000 | -59.9% | 0.6% |
| MICHIGAN STATE UNIVERSITY FEDERAL CREDIT UNION | $2,230,000 | $3,505,000 | 57.2% | 0.5% |
| NAVY FEDERAL CREDIT UNION | $2,880,000 | $3,405,000 | 18.2% | 0.5% |
| UNION HOME MORTGAGE CORP. | $3,605,000 | $3,250,000 | -9.8% | 0.5% |
| The Dart Bank | $2,305,000 | $3,215,000 | 39.5% | 0.5% |
| TRIAD FINANCIAL SERVICES, INC. | $3,050,000 | $3,075,000 | 0.8% | 0.5% |
| LOANDEPOT.COM, LLC | $5,870,000 | $3,055,000 | -48.0% | 0.5% |
| NEWREZ LLC | $2,500,000 | $2,935,000 | 17.4% | 0.5% |
| Northpointe Bank | $6,040,000 | $2,855,000 | -52.7% | 0.4% |
| PENNYMAC LOAN SERVICES, LLC | $3,630,000 | $2,540,000 | -30.0% | 0.4% |
| GUILD MORTGAGE COMPANY | $2,535,000 | n/a | 0.4% | |
| Macatawa Bank | $3,555,000 | $2,530,000 | -28.8% | 0.4% |
| Old National Bank | $1,540,000 | $2,440,000 | 58.4% | 0.4% |
| West Michigan Community Bank | $2,505,000 | $2,320,000 | -7.4% | 0.4% |
| FREEDOM MORTGAGE CORPORATION | $4,180,000 | $2,265,000 | -45.8% | 0.4% |
| CHURCHILL MORTGAGE CORPORATION | $3,680,000 | $2,165,000 | -41.2% | 0.3% |
| LENDINGHOME FUNDING CORPORATION | $1,120,000 | $2,160,000 | 92.9% | 0.3% |
| Mr. Cooper ( Nationstar Mortgage ) | $6,630,000 | $2,120,000 | -68.0% | 0.3% |
| GreenStone Farm Credit Services, FLCA | $1,970,000 | $2,080,000 | 5.6% | 0.3% |
| Family Financial Credit Union | $945,000 | $2,065,000 | 118.5% | 0.3% |
| NORTHERN MORTGAGE SERVICES, LLC | $3,435,000 | $1,905,000 | -44.5% | 0.3% |
| Carrington Mortgage Services, LLC | $3,300,000 | $1,895,000 | -42.6% | 0.3% |
| GUARANTEED RATE, INC. | $4,325,000 | $1,860,000 | -57.0% | 0.3% |
| MICHIGAN MUTUAL, INC. | $1,305,000 | $1,835,000 | 40.6% | 0.3% |
| AMERISAVE MORTGAGE CORPORATION | $2,510,000 | $1,805,000 | -28.1% | 0.3% |
| BROKER SOLUTIONS, INC. | $2,545,000 | $1,775,000 | -30.3% | 0.3% |
| Morgan Stanley Private Bank | $145,000 | $1,745,000 | 1,103.4% | 0.3% |
| Citibank | $115,000 | $1,605,000 | 1,295.7% | 0.3% |
| Flagstar Bank, FSB | $3,945,000 | $1,605,000 | -59.3% | 0.3% |
| MEMBER FIRST MORTGAGE, LLC | $3,390,000 | $1,600,000 | -52.8% | 0.3% |
| Bank of America | $1,670,000 | $1,575,000 | -5.7% | 0.2% |
| 21ST MORTGAGE CORPORATION | $1,365,000 | $1,550,000 | 13.6% | 0.2% |
| CROSSCOUNTRY MORTGAGE, LLC | $1,450,000 | $1,550,000 | 6.9% | 0.2% |
| Paramount Residential Mortgage Group, Inc. | $85,000 | $1,510,000 | 1,676.5% | 0.2% |
| AAC Credit Union | $1,345,000 | $1,490,000 | 10.8% | 0.2% |
| Honor Credit Union | $940,000 | $1,455,000 | 54.8% | 0.2% |
| The Shelby State Bank | $5,460,000 | $1,390,000 | -74.5% | 0.2% |
| Discover Bank | $585,000 | $1,375,000 | 135.0% | 0.2% |
| Horizon Bank | $2,760,000 | $1,375,000 | -50.2% | 0.2% |
| MORTGAGE CENTER L.C | $2,605,000 | $1,360,000 | -47.8% | 0.2% |
| Muskegon Co Op Federal Credit Union | $1,330,000 | n/a | 0.2% | |
| CREDIT UNION ONE | $1,225,000 | $1,295,000 | 5.7% | 0.2% |
| First Merchants Bank | $1,730,000 | $1,295,000 | -25.1% | 0.2% |
| MUTUAL OF OMAHA MORTGAGE, INC. | $990,000 | $1,245,000 | 25.8% | 0.2% |
| GSF Mortgage Corporation | $235,000 | $1,230,000 | 423.4% | 0.2% |
| FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $795,000 | $1,205,000 | 51.6% | 0.2% |
| COMMUNITY CHOICE CREDIT UNION | $1,755,000 | $1,160,000 | -33.9% | 0.2% |
| Figure Lending LLC | $880,000 | $1,120,000 | 27.3% | 0.2% |
| GVC MORTGAGE, INC. | $335,000 | $1,090,000 | 225.4% | 0.2% |
| ENVOY MORTGAGE, LTD | $6,480,000 | $1,085,000 | -83.3% | 0.2% |
| NEW DAY FINANCIAL, LLC | $1,705,000 | $1,050,000 | -38.4% | 0.2% |
| The Federal Savings Bank | $1,825,000 | $995,000 | -45.5% | 0.2% |
| TOP FLITE FINANCIAL, INC. | $1,630,000 | $990,000 | -39.3% | 0.2% |
| Wells Fargo Bank | $2,910,000 | $985,000 | -66.2% | 0.2% |
| HOMESTAR FINANCIAL CORPORATION | $975,000 | n/a | 0.2% | |
| MICHIGAN FIRST CREDIT UNION | $1,700,000 | $890,000 | -47.6% | 0.1% |
| Citizens Bank | $940,000 | $885,000 | -5.9% | 0.1% |
| GERBER FEDERAL CREDIT UNION | $1,640,000 | $870,000 | -47.0% | 0.1% |
| LAKEVIEW LOAN SERVICING, LLC | $1,955,000 | $865,000 | -55.8% | 0.1% |
| CARDINAL FINANCIAL | $535,000 | $860,000 | 60.7% | 0.1% |
| ARBOR FINANCIAL CREDIT UNION | $630,000 | $850,000 | 34.9% | 0.1% |
| NEXERA HOLDING LLC | $105,000 | $845,000 | 704.8% | 0.1% |
| PLAZA HOME MORTGAGE, INC. | $4,825,000 | $820,000 | -83.0% | 0.1% |
| USAA Federal Savings Bank | $830,000 | $775,000 | -6.6% | 0.1% |
| DFCU FINANCIAL | $1,150,000 | $755,000 | -34.3% | 0.1% |
| ACADEMY MORTGAGE CORPORATION | $370,000 | $730,000 | 97.3% | 0.1% |
| Plains Commerce Bank | $285,000 | $730,000 | 156.1% | 0.1% |
| BETTER MORTGAGE CORPORATION | $1,000,000 | $705,000 | -29.5% | 0.1% |
| ZILLOW HOME LOANS, LLC | $720,000 | $695,000 | -3.5% | 0.1% |
| Arvest Bank | $675,000 | n/a | 0.1% | |
| J. VIRGIL, INC. | $610,000 | $675,000 | 10.7% | 0.1% |
| Community West Credit Union | $220,000 | $670,000 | 204.5% | 0.1% |
| The Loan Store, Inc. | $670,000 | n/a | 0.1% | |
| Preston Home Loans Inc | $430,000 | $655,000 | 52.3% | 0.1% |
| CLEARPATH LENDING | $680,000 | $640,000 | -5.9% | 0.1% |
| RELIANCE FIRST CAPITAL, LLC | $290,000 | $635,000 | 119.0% | 0.1% |
| Ally Bank | $545,000 | $630,000 | 15.6% | 0.1% |
| GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION | $1,285,000 | $600,000 | -53.3% | 0.1% |
| UNITED | $1,205,000 | $600,000 | -50.2% | 0.1% |
| AMERICAN FINANCIAL RESOURCES, INC. | $550,000 | $570,000 | 3.6% | 0.1% |
| AMERICAN PACIFIC MORTGAGE CORPORATION | $295,000 | $560,000 | 89.8% | 0.1% |
| MICHIGAN SCHOOLS AND GOVERNMENT | $550,000 | n/a | 0.1% | |
| Barrington Bank & Trust Company, N.A. | $680,000 | $540,000 | -20.6% | 0.1% |
| Equity Prime Mortgage LLC | $5,040,000 | $525,000 | -89.6% | 0.1% |
| U.S. Bank | $1,075,000 | $505,000 | -53.0% | 0.1% |
| LENDSURE MORTGAGE CORP. | $495,000 | n/a | 0.1% | |
| MOVEMENT MORTGAGE, LLC | $490,000 | n/a | 0.1% | |
| ROYAL UNITED MORTGAGE LLC | $890,000 | $490,000 | -44.9% | 0.1% |
| HOMEBRIDGE FINANCIAL SERVICES, INC. | $760,000 | $485,000 | -36.2% | 0.1% |
| Meijer Credit Union | $285,000 | $485,000 | 70.2% | 0.1% |
| AmeriHome Mortgage Company, LLC | $1,295,000 | $480,000 | -62.9% | 0.1% |
| Eaton Community Bank | $470,000 | n/a | 0.1% | |
| CALIBER HOME LOANS, INC. | $7,350,000 | $430,000 | -94.1% | 0.1% |
| Grand River Bank | $680,000 | $430,000 | -36.8% | 0.1% |
| ALL IN | $425,000 | n/a | 0.1% | |
| SUN WEST MORTGAGE COMPANY, INC. | $215,000 | $420,000 | 95.3% | 0.1% |
| CONTOUR MORTGAGE CORPORATION | $135,000 | $415,000 | 207.4% | 0.1% |
| BAY EQUITY LLC | $405,000 | n/a | 0.1% | |
| Coastal Community Bank | $400,000 | n/a | 0.1% | |
| BM Real Estate Services, Inc. | $1,125,000 | $375,000 | -66.7% | 0.1% |
| The State Bank | $165,000 | $375,000 | 127.3% | 0.1% |
| Dort Financial Credit Union | $365,000 | n/a | 0.1% | |
| LONGBRIDGE FINANCIAL, LLC | $155,000 | $365,000 | 135.5% | 0.1% |
| MICHIGAN ONE COMMUNITY Credit Union | $440,000 | $365,000 | -17.0% | 0.1% |
| NATIONS DIRECT MORTGAGE, LLC | $355,000 | n/a | 0.1% | |
| RUOFF MORTGAGE COMPANY, INC. | $1,015,000 | $355,000 | -65.0% | 0.1% |
| Quontic Bank | $335,000 | n/a | 0.1% | |
| OAK MORTGAGE, LLC | $305,000 | $325,000 | 6.6% | 0.1% |
| OCMBC, INC. | $320,000 | n/a | 0.1% | |
| Central Bank | $295,000 | n/a | 0.0% | |
| Lake Trust Credit Union | $250,000 | $275,000 | 10.0% | 0.0% |
| AMCAP MORTGAGE, LTD. | $270,000 | n/a | 0.0% | |
| Allied First Bank,sb | $265,000 | n/a | 0.0% | |
| DELMAR FINANCIAL COMPANY | $265,000 | n/a | 0.0% | |
| AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC | $245,000 | n/a | 0.0% | |
| My Personal Credit Union | $375,000 | $235,000 | -37.3% | 0.0% |
| FINANCIAL PLUS CREDIT UNION | $230,000 | n/a | 0.0% | |
| KENT COUNTY CREDIT UNION | $225,000 | n/a | 0.0% | |
| PLANET HOME LENDING, LLC | $180,000 | $205,000 | 13.9% | 0.0% |
| Prosperity Home Mortgage, LLC | $205,000 | n/a | 0.0% | |
| Signature Federal Credit Union | $205,000 | n/a | 0.0% | |
| AMERICAN HERITAGE LENDING, INC. | $145,000 | $185,000 | 27.6% | 0.0% |
| ROSS MORTGAGE CORPORATION | $185,000 | n/a | 0.0% | |
| PHH Mortgage Corporation | $585,000 | $180,000 | -69.2% | 0.0% |
| POLARIS HOME FUNDING CORP. | $175,000 | n/a | 0.0% | |
| Beeline Loans, Inc. | $165,000 | n/a | 0.0% | |
| FINANCE OF AMERICA REVERSE LLC | $105,000 | $165,000 | 57.1% | 0.0% |
| MORTGAGE SOLUTIONS OF COLORADO, LLC | $165,000 | n/a | 0.0% | |
| SPRING EQ, LLC | $110,000 | $145,000 | 31.8% | 0.0% |
| ELGA CREDIT UNION | $135,000 | n/a | 0.0% | |
| First Citizens National Bank | $135,000 | n/a | 0.0% | |
| Centier Bank | $130,000 | $130,000 | 0.0% | 0.0% |
| CIVIC FINANCIAL SERVICES, LLC | $865,000 | $125,000 | -85.5% | 0.0% |
| LENDINGONE, LLC | $620,000 | $125,000 | -79.8% | 0.0% |
| Frankenmuth Credit Union | $115,000 | n/a | 0.0% | |
| Nations Lending Corporation | $455,000 | $115,000 | -74.7% | 0.0% |
| Axos Bank | $105,000 | n/a | 0.0% | |
| Carrollton Bank | $105,000 | n/a | 0.0% | |
| COMMUNITY FINANCIAL CREDIT UNION | $105,000 | n/a | 0.0% | |
| HOMEXPRESS MORTGAGE CORP. | $105,000 | n/a | 0.0% | |
| NETWORK CAPITAL FUNDING CORPORATION | $65,000 | $105,000 | 61.5% | 0.0% |
| Notre Dame Federal Credit Union Corporation | $105,000 | n/a | 0.0% | |
| THRIVE MORTGAGE, LLC | $105,000 | n/a | 0.0% | |
| I. H. MISSISSIPPI VALLEY CREDIT UNION | $75,000 | n/a | 0.0% | |
| Truist | $995,000 | $65,000 | -93.5% | 0.0% |
| West Michigan Credit Union | $65,000 | n/a | 0.0% | |
| AMERICAN FINANCING CORPORATION | $1,540,000 | $55,000 | -96.4% | 0.0% |
| CITIZENS EQUITY FIRST | $25,000 | $55,000 | 120.0% | 0.0% |
| Deere Employees Credit Union | $210,000 | $55,000 | -73.8% | 0.0% |
| LOANPAL, LLC | $535,000 | $55,000 | -89.7% | 0.0% |
| Parda Federal Credit Union | $55,000 | n/a | 0.0% | |
| ADVIA | $65,000 | $45,000 | -30.8% | 0.0% |
| CHERRY CREEK MORTGAGE, LLC | $35,000 | n/a | 0.0% | |
| MID AMERICA MORTGAGE, INC. | $35,000 | n/a | 0.0% | |
| GENISYS | $105,000 | $25,000 | -76.2% | 0.0% |
MUSKEGON's top lender by overall market share is LAKE MICHIGAN CREDIT UNION, with 17.7% market share. In second place, with 7.7%, is MORTGAGE 1 INCORPORATED, having originated $49,050,000 in loans. In third place, with 5.9%, is UNITED WHOLESALE MORTGAGE, LLC, having originated $37,565,000 in loans. In fourth place, with 5.5%, is QUICKEN LOANS, LLC, having originated $35,180,000 in loans. In fifth place, with 5.0%, is The Huntington National Bank, having originated $31,925,000 in loans.
MUSKEGON Housing Market Trends (Median, Average Prices & Listing Count)
Realtor.com - MUSKEGON (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 | $149,900 (11.1%) | $240,646 (-2.8%) | 0.56 | 439 |
| 2018-02-01 | $164,900 (22.2%) | $256,099 (1.5%) | 0.60 | 395 |
| 2018-03-01 | $179,900 (21.0%) | $272,687 (4.6%) | 0.63 | 360 |
| 2018-04-01 | $172,175 (14.9%) | $271,315 (7.1%) | 0.58 | 374 |
| 2018-05-01 | $183,675 (18.2%) | $270,623 (11.9%) | 0.61 | 395 |
| 2018-06-01 | $179,900 (14.6%) | $267,568 (12.3%) | 0.60 | 438 |
| 2018-07-01 | $164,900 (6.5%) | $251,741 (5.1%) | 0.55 | 494 |
| 2018-08-01 | $161,900 (5.0%) | $246,666 (5.0%) | 0.54 | 531 |
| 2018-09-01 | $154,900 (3.3%) | $241,272 (3.8%) | 0.52 | 556 |
| 2018-10-01 | $162,600 (8.5%) | $239,960 (-0.3%) | 0.55 | 573 |
| 2018-11-01 | $157,700 (5.2%) | $233,546 (-5.5%) | 0.53 | 533 |
| 2018-12-01 | $160,000 (6.7%) | $233,817 (-2.7%) | 0.55 | 489 |
| 2019-01-01 | $161,950 (8.0%) | $229,913 (-4.5%) | 0.56 | 452 |
| 2019-02-01 | $172,200 (4.4%) | $242,884 (-5.2%) | 0.58 | 412 |
| 2019-03-01 | $183,121 (1.8%) | $248,999 (-8.7%) | 0.60 | 387 |
| 2019-04-01 | $191,975 (11.5%) | $251,005 (-7.5%) | 0.61 | 366 |
| 2019-05-01 | $209,925 (14.3%) | $259,867 (-4.0%) | 0.66 | 350 |
| 2019-06-01 | $219,900 (22.2%) | $317,974 (18.8%) | 0.69 | 369 |
| 2019-07-01 | $211,425 (28.2%) | $302,124 (20.0%) | 0.66 | 410 |
| 2019-08-01 | $194,445 (20.1%) | $278,339 (12.8%) | 0.62 | 466 |
| 2019-09-01 | $186,264 (20.3%) | $262,067 (8.6%) | 0.60 | 513 |
| 2019-10-01 | $179,900 (10.6%) | $250,534 (4.4%) | 0.58 | 545 |
| 2019-11-01 | $174,900 (10.9%) | $250,063 (7.1%) | 0.57 | 519 |
| 2019-12-01 | $163,675 (2.3%) | $251,438 (7.5%) | 0.55 | 477 |
| 2020-01-01 | $169,675 (4.8%) | $261,550 (13.8%) | 0.57 | 413 |
| 2020-02-01 | $174,900 (1.6%) | $266,556 (9.8%) | 0.57 | 412 |
| 2020-03-01 | $186,400 (1.8%) | $279,193 (12.1%) | 0.58 | 406 |
| 2020-04-01 | $207,400 (8.0%) | $287,990 (14.7%) | 0.65 | 360 |
| 2020-05-01 | $215,000 (2.4%) | $305,819 (17.7%) | 0.65 | 358 |
| 2020-06-01 | $243,900 (10.9%) | $338,076 (6.3%) | 0.72 | 307 |
| 2020-07-01 | $244,500 (15.6%) | $344,794 (14.1%) | 0.71 | 307 |
| 2020-08-01 | $239,900 (23.4%) | $362,562 (30.3%) | 0.69 | 298 |
| 2020-09-01 | $234,900 (26.1%) | $337,954 (29.0%) | 0.67 | 281 |
| 2020-10-01 | $209,950 (16.7%) | $306,432 (22.3%) | 0.60 | 302 |
| 2020-11-01 | $192,450 (10.0%) | $290,705 (16.3%) | 0.56 | 275 |
| 2020-12-01 | $188,650 (15.3%) | $261,977 (4.2%) | 0.56 | 218 |
| 2021-01-01 | $184,900 (9.0%) | $267,870 (2.4%) | 0.55 | 178 |
| 2021-02-01 | $200,000 (14.4%) | $278,278 (4.4%) | 0.58 | 130 |
| 2021-03-01 | $193,650 (3.9%) | $279,046 (-0.1%) | 0.55 | 140 |
| 2021-04-01 | $196,900 (-5.1%) | $300,294 (4.3%) | 0.53 | 131 |
| 2021-05-01 | $200,000 (-7.0%) | $285,791 (-6.6%) | 0.53 | 152 |
| 2021-06-01 | $211,175 (-13.4%) | $285,301 (-15.6%) | 0.56 | 183 |
| 2021-07-01 | $210,000 (-14.1%) | $273,145 (-20.8%) | 0.55 | 220 |
| 2021-08-01 | $199,900 (-16.7%) | $282,396 (-22.1%) | 0.53 | 234 |
| 2021-09-01 | $194,950 (-17.0%) | $289,945 (-14.2%) | 0.52 | 247 |
| 2021-10-01 | $204,950 (-2.4%) | $294,946 (-3.8%) | 0.55 | 232 |
| 2021-11-01 | $189,675 (-1.4%) | $283,227 (-2.6%) | 0.51 | 212 |
| 2021-12-01 | $191,825 (1.7%) | $285,431 (9.0%) | 0.52 | 177 |
| 2022-01-01 | $199,450 (7.9%) | $319,953 (19.4%) | 0.54 | 122 |
| 2022-02-01 | $219,400 (9.7%) | $324,331 (16.6%) | 0.57 | 119 |
| 2022-03-01 | $201,200 (3.9%) | $321,952 (15.4%) | 0.50 | 141 |
| 2022-04-01 | $204,900 (4.1%) | $310,214 (3.3%) | 0.49 | 137 |
| 2022-05-01 | $214,900 (7.5%) | $311,658 (9.1%) | 0.49 | 192 |
| 2022-06-01 | $233,850 (10.7%) | $308,988 (8.3%) | 0.52 | 219 |
| 2022-07-01 | $239,900 (14.2%) | $304,472 (11.5%) | 0.54 | 269 |
| 2022-08-01 | $247,450 (23.8%) | $311,849 (10.4%) | 0.57 | 301 |
| 2022-09-01 | $238,900 (22.5%) | $305,692 (5.4%) | 0.56 | 275 |
| 2022-10-01 | $229,700 (12.1%) | $300,907 (2.0%) | 0.54 | 305 |
| 2022-11-01 | $219,950 (16.0%) | $297,048 (4.9%) | 0.53 | 299 |
| 2022-12-01 | $199,900 (4.2%) | $264,299 (-7.4%) | 0.49 | 279 |
| 2023-01-01 | $192,450 (-3.5%) | $262,692 (-17.9%) | 0.48 | 237 |
| 2023-02-01 | $196,000 (-10.7%) | $266,914 (-17.7%) | 0.47 | 201 |
| 2023-03-01 | $218,675 (8.7%) | $277,251 (-13.9%) | 0.52 | 166 |
| 2023-04-01 | $220,000 (7.4%) | $298,155 (-3.9%) | 0.51 | 161 |
| 2023-05-01 | $235,475 (9.6%) | $311,686 (0.0%) | 0.53 | 167 |
| 2023-06-01 | $277,400 (18.6%) | $333,474 (7.9%) | 0.62 | 213 |
| 2023-07-01 | $309,995 (29.2%) | $375,052 (23.2%) | 0.70 | 263 |
| 2023-08-01 | $287,400 (16.1%) | $365,056 (17.1%) | 0.66 | 304 |
| 2023-09-01 | $299,900 (25.5%) | $381,193 (24.7%) | 0.70 | 345 |
| 2023-10-01 | $279,950 (21.9%) | $370,405 (23.1%) | 0.66 | 382 |
| 2023-11-01 | $269,925 (22.7%) | $345,262 (16.2%) | 0.64 | 378 |
| 2023-12-01 | $259,900 (30.0%) | $342,422 (29.6%) | 0.63 | 355 |
| 2024-01-01 | $254,900 (32.5%) | $346,292 (31.8%) | 0.62 | 344 |
| 2024-02-01 | $249,900 (27.5%) | $337,228 (26.3%) | 0.60 | 328 |
| 2024-03-01 | $301,500 (37.9%) | $380,623 (37.3%) | 0.71 | 281 |
| 2024-04-01 | $303,950 (38.2%) | $407,201 (36.6%) | 0.71 | 271 |
| 2024-05-01 | $341,450 (45.0%) | $452,429 (45.2%) | 0.77 | 299 |
| 2024-06-01 | $339,900 (22.5%) | $448,179 (34.4%) | 0.76 | 319 |
| 2024-07-01 | $311,425 (0.5%) | $407,871 (8.8%) | 0.71 | 381 |
| 2024-08-01 | $300,000 (4.4%) | $396,859 (8.7%) | 0.70 | 427 |
| 2024-09-01 | $299,900 (0.0%) | $396,601 (4.0%) | 0.71 | 437 |
| 2024-10-01 | $276,750 (-1.1%) | $379,403 (2.4%) | 0.65 | 447 |
| 2024-11-01 | $265,000 (-1.8%) | $363,919 (5.4%) | 0.64 | 467 |
MUSKEGON's median listing price for 2024-11-01 was $265,000, a difference of
$-4,925
(-1.8%) versus the prior year and
$-11,750 versus the prior month.
MUSKEGON's median listing price comes in at 64% of the national average.
MUSKEGON's average listing price for 2024-11-01 was $363,919, a difference of $18,657 (5.4%) versus the prior year and $-15,484 versus the prior month.
For the 2024-11-01 period, MUSKEGON had 467 MLS listings, a difference of 20 listings (4%) versus the prior month and 89 listings (24%) versus the prior year.
MUSKEGON's median listing price comes in at 64% of the national average.
MUSKEGON's average listing price for 2024-11-01 was $363,919, a difference of $18,657 (5.4%) versus the prior year and $-15,484 versus the prior month.
For the 2024-11-01 period, MUSKEGON had 467 MLS listings, a difference of 20 listings (4%) versus the prior month and 89 listings (24%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - MUSKEGON (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis| Date | Median Listing Time on Market | Median Square Footage |
|---|---|---|
| 2018-01-01 | 75 days | 1,613 sqft |
| 2018-02-01 | 67 days | 1,639 sqft |
| 2018-03-01 | 54 days | 1,698 sqft |
| 2018-04-01 | 45 days | 1,660 sqft |
| 2018-05-01 | 45 days | 1,680 sqft |
| 2018-06-01 | 36 days | 1,710 sqft |
| 2018-07-01 | 41 days | 1,652 sqft |
| 2018-08-01 | 39 days | 1,648 sqft |
| 2018-09-01 | 47 days | 1,641 sqft |
| 2018-10-01 | 50 days | 1,647 sqft |
| 2018-11-01 | 49 days | 1,612 sqft |
| 2018-12-01 | 60 days | 1,574 sqft |
| 2019-01-01 | 69 days | 1,565 sqft |
| 2019-02-01 | 70 days | 1,607 sqft |
| 2019-03-01 | 63 days | 1,649 sqft |
| 2019-04-01 | 52 days | 1,677 sqft |
| 2019-05-01 | 46 days | 1,800 sqft |
| 2019-06-01 | 32 days | 1,830 sqft |
| 2019-07-01 | 36 days | 1,820 sqft |
| 2019-08-01 | 36 days | 1,774 sqft |
| 2019-09-01 | 38 days | 1,736 sqft |
| 2019-10-01 | 41 days | 1,720 sqft |
| 2019-11-01 | 54 days | 1,661 sqft |
| 2019-12-01 | 66 days | 1,593 sqft |
| 2020-01-01 | 71 days | 1,607 sqft |
| 2020-02-01 | 65 days | 1,539 sqft |
| 2020-03-01 | 48 days | 1,550 sqft |
| 2020-04-01 | 61 days | 1,566 sqft |
| 2020-05-01 | 71 days | 1,652 sqft |
| 2020-06-01 | 58 days | 1,652 sqft |
| 2020-07-01 | 44 days | 1,663 sqft |
| 2020-08-01 | 44 days | 1,621 sqft |
| 2020-09-01 | 48 days | 1,557 sqft |
| 2020-10-01 | 46 days | 1,521 sqft |
| 2020-11-01 | 45 days | 1,511 sqft |
| 2020-12-01 | 57 days | 1,456 sqft |
| 2021-01-01 | 52 days | 1,434 sqft |
| 2021-02-01 | 38 days | 1,379 sqft |
| 2021-03-01 | 34 days | 1,396 sqft |
| 2021-04-01 | 34 days | 1,423 sqft |
| 2021-05-01 | 31 days | 1,480 sqft |
| 2021-06-01 | 28 days | 1,510 sqft |
| 2021-07-01 | 29 days | 1,510 sqft |
| 2021-08-01 | 29 days | 1,535 sqft |
| 2021-09-01 | 35 days | 1,521 sqft |
| 2021-10-01 | 38 days | 1,522 sqft |
| 2021-11-01 | 46 days | 1,449 sqft |
| 2021-12-01 | 50 days | 1,426 sqft |
| 2022-01-01 | 53 days | 1,421 sqft |
| 2022-02-01 | 44 days | 1,448 sqft |
| 2022-03-01 | 30 days | 1,454 sqft |
| 2022-04-01 | 29 days | 1,476 sqft |
| 2022-05-01 | 26 days | 1,462 sqft |
| 2022-06-01 | 30 days | 1,562 sqft |
| 2022-07-01 | 32 days | 1,560 sqft |
| 2022-08-01 | 36 days | 1,565 sqft |
| 2022-09-01 | 42 days | 1,565 sqft |
| 2022-10-01 | 39 days | 1,565 sqft |
| 2022-11-01 | 44 days | 1,533 sqft |
| 2022-12-01 | 45 days | 1,502 sqft |
| 2023-01-01 | 57 days | 1,430 sqft |
| 2023-02-01 | 55 days | 1,429 sqft |
| 2023-03-01 | 39 days | 1,479 sqft |
| 2023-04-01 | 36 days | 1,563 sqft |
| 2023-05-01 | 32 days | 1,496 sqft |
| 2023-06-01 | 29 days | 1,521 sqft |
| 2023-07-01 | 31 days | 1,525 sqft |
| 2023-08-01 | 38 days | 1,534 sqft |
| 2023-09-01 | 44 days | 1,560 sqft |
| 2023-10-01 | 43 days | 1,547 sqft |
| 2023-11-01 | 53 days | 1,499 sqft |
| 2023-12-01 | 58 days | 1,484 sqft |
| 2024-01-01 | 67 days | 1,484 sqft |
| 2024-02-01 | 70 days | 1,484 sqft |
| 2024-03-01 | 59 days | 1,484 sqft |
| 2024-04-01 | 59 days | 1,484 sqft |
| 2024-05-01 | 45 days | 1,506 sqft |
| 2024-06-01 | 37 days | 1,484 sqft |
| 2024-07-01 | 37 days | 1,484 sqft |
| 2024-08-01 | 37 days | 1,512 sqft |
| 2024-09-01 | 43 days | 1,532 sqft |
| 2024-10-01 | 48 days | 1,484 sqft |
| 2024-11-01 | 48 days | 1,484 sqft |
MUSKEGON's median listing age (time on market) for 2024-11-01 was 48 days.
This
is -9%
shorter
than the same period one year ago.
MUSKEGON's median square footage for active listings during the 2024-11-01 period was 1,484 sqft. One year prior, the average listing was 1,499 sqft.
MUSKEGON's median square footage for active listings during the 2024-11-01 period was 1,484 sqft. One year prior, the average listing was 1,499 sqft.
MUSKEGON, MI Average Rent (2023)
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| Zip Code | Metro | Studio Apartment Rent | 1BR Apartment Rent | 2BR Apartment Rent | 3BR Apartment Rent | 4BR Apartment Rent |
|---|---|---|---|---|---|---|
| 49303 | Muskegon, MI MSA | $720 | $780 | $940 | $1,230 | $1,390 |
| 49318 | Muskegon, MI MSA | $810 | $910 | $1,150 | $1,450 | $1,560 |
| 49327 | Muskegon, MI MSA | $830 | $910 | $1,130 | $1,450 | $1,590 |
| 49330 | Muskegon, MI MSA | $900 | $950 | $1,150 | $1,490 | $1,660 |
| 49403 | Muskegon, MI MSA | $940 | $1,050 | $1,200 | $1,600 | $1,660 |
| 49404 | Muskegon, MI MSA | $740 | $840 | $950 | $1,260 | $1,310 |
| 49412 | Muskegon, MI MSA | $680 | $780 | $1,010 | $1,260 | $1,360 |
| 49415 | Muskegon, MI MSA | $740 | $830 | $1,070 | $1,350 | $1,440 |
| 49425 | Muskegon, MI MSA | $680 | $770 | $1,000 | $1,250 | $1,340 |
| 49437 | Muskegon, MI MSA | $600 | $690 | $890 | $1,110 | $1,200 |
| 49440 | Muskegon, MI MSA | $560 | $640 | $830 | $1,030 | $1,110 |
| 49441 | Muskegon, MI MSA | $700 | $790 | $1,030 | $1,290 | $1,380 |
| 49442 | Muskegon, MI MSA | $650 | $740 | $960 | $1,200 | $1,290 |
| 49443 | Muskegon, MI MSA | $670 | $760 | $990 | $1,240 | $1,330 |
| 49444 | Muskegon, MI MSA | $700 | $790 | $1,030 | $1,290 | $1,380 |
| 49445 | Muskegon, MI MSA | $720 | $820 | $1,060 | $1,330 | $1,420 |
| 49448 | Muskegon, MI MSA | $740 | $810 | $920 | $1,220 | $1,270 |
| 49451 | Muskegon, MI MSA | $740 | $770 | $980 | $1,230 | $1,320 |
| 49456 | Muskegon, MI MSA | $860 | $970 | $1,100 | $1,460 | $1,520 |
| 49457 | Muskegon, MI MSA | $700 | $790 | $1,030 | $1,290 | $1,380 |
| 49461 | Muskegon, MI MSA | $640 | $730 | $950 | $1,190 | $1,280 |
2022 Average & Median Rent Data Statistics
MUSKEGON, MI average 1BR rent: $815, median: $790
MUSKEGON, MI average 2BR rent: $1,018, median: $1,010
MUSKEGON, MI average 3BR rent: $1,296, median: $1,260
MUSKEGON, MI Market Loan Reason
| Loan Purpose | Originations | Total Value | Average Loan |
|---|---|---|---|
| Home Purchase | 2,115 | $448,715,000 | $212,158 |
| Cash Out Refi | 534 | $78,530,000 | $147,060 |
| Home Improvement | 489 | $33,055,000 | $67,597 |
| Other | 443 | $32,695,000 | $73,804 |
| Refi | 313 | $44,845,000 | $143,275 |
Muskegon's most frequently cited loan purpose was Home Purchase, with 2,115 originations. The 2nd most popular reason was Cash Out Refi, with 534 originations.
Interest Rate Frequencies
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 6-7% | 1,398 | $261,200,000 | $186,838 |
| 7-8% | 1,060 | $191,320,000 | $180,491 |
| Over 8% | 908 | $73,070,000 | $80,474 |
| 5-6% | 397 | $74,945,000 | $188,778 |
| 4-5% | 23 | $6,995,000 | $304,130 |
| <2.5% | 10 | $570,000 | $57,000 |
| 3-4% | 5 | $10,925,000 | $2,185,000 |
During 2023, Muskegon's most frequently originated rate bucket was 6-7%, with 1,398 originations.
Loan Sizing (MUSKEGON, MI MSA)
| Loan Size | Originations | Total Value | Average Loan |
|---|---|---|---|
| $100k-200k | 1,412 | $207,620,000 | $147,040 |
| $100,000 or less | 1,385 | $74,385,000 | $53,708 |
| $200k-400k | 945 | $249,155,000 | $263,656 |
| $400k-600k | 111 | $51,785,000 | $466,532 |
| $600k-1000k | 28 | $19,900,000 | $710,714 |
| $Over $1MM | 13 | $34,995,000 | $2,691,923 |
MUSKEGON's loan sizing saw the bucket of loans from $100k-200k with 1,412 originations, totaling $207,620,000 in origination value.
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan |
|---|---|---|---|
| 80-100% | 1,554 | $330,340,000 | $212,574 |
| 60-80% | 719 | $151,055,000 | $210,090 |
| Under 20% | 562 | $22,320,000 | $39,715 |
| 20-40% | 537 | $50,915,000 | $94,814 |
| 40-60% | 344 | $49,140,000 | $142,849 |
| Over 100% | 38 | $9,510,000 | $250,263 |
MUSKEGON's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 1,554 originations, totaling $330,340,000 in origination value.