NILES Mortgage Rates & Closing Costs

30yr Fixed Rate 15yr Fixed Rate FHA USDA VA 5/1 ARM

30 Year Fixed Rate mortgages in Niles averaged 6.61% for the week of 2024-03-14, compared to the national average of 6.74% for the same period.

The average rate for the prior week (2024-03-07) was 6.55% and one month ago for the week of 2024-02-08, the average rate was 6.71%.

Niles's average rate one year ago was 6.6%.

For refis of the same type during the week of 2024-03-14, the average rate was 6.21%.

Loan Type Date Rate
US 30 Year Fixed Rate 2024-03-14 6.74%
Niles 30 Year Fixed Rate 2024-03-14 6.61%
Niles 30 Year Fixed Rate Refi 2024-03-14 6.21%
Niles 15 Year Fixed Rate 2024-03-14 6.28%
Niles 15 Year Fixed Rate Refi 2024-03-14 5.13%
Niles 30 Year FHA 2024-03-14 6.17%
Niles 30 Year FHA Refi 2024-03-14 6.6%
Niles 30 Year USDA 2024-03-14 6.79%
Niles 30 Year USDA Refi 2024-03-14 6.69%
Niles 30 Year VA 2024-03-14 6.42%
Niles 30 Year VA Refi 2024-03-14 6.64%
Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations within NILES, MI.

NILES 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 NILES, 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.).

Name # of Loans 2022 Avg. 30yFix Rate 2022 Avg. Closing Costs
UNITED 336 5.15% $3,890
QUICKEN LOANS, LLC 119 4.96% $5,658
Honor Credit Union 100 4.53% $2,843
OAK MORTGAGE, LLC 99 4.54% $3,367
Horizon Bank 70 5.07% $3,166
AMERIFIRST FINANCIAL CORPORATION 70 5.62% $5,078
JPMorgan Chase Bank 62 4.68% $4,165
Flagstar Bank, FSB 51 5.44% $3,565
Fifth Third Bank 44 4.67% $3,946
GUARANTEED RATE, INC. 43 5.00% $4,346
RUOFF MORTGAGE COMPANY, INC. 42 4.94% $3,156
UNITED WHOLESALE MORTGAGE, LLC 37 5.23% $5,708
The Huntington National Bank 37 4.85% $3,679
Notre Dame Federal Credit Union Corporation 28 5.10% $4,516
Independent Bank 25 5.29% $3,869
TEACHERS CREDIT UNION 22 5.58% $2,838
LOANDEPOT.COM, LLC 22 5.20% $5,511
Wells Fargo Bank 21 4.64% $3,762
PROPER RATE, LLC 21 4.97% $5,521
Circle Federal Credit Union 21 5.56% $2,832
LAKE MICHIGAN CREDIT UNION 20 4.83% $4,227
Associated Bank 18 4.88% $5,549
1st Source Bank 18 5.34% $3,556
CONSUMERS 17 5.44% $3,396
Mr. Cooper ( Nationstar Mortgage ) 17 5.10% $6,361
HALLMARK HOME MORTGAGE, LLC 15 5.76% $5,073
Bank of America 14 3.73% $5,062
U.S. Bank 13 4.52% $4,101
Morgan Stanley Private Bank 11 3.91% $4,956
CROSSCOUNTRY MORTGAGE, LLC 9 4.90% $4,494
AMERISAVE MORTGAGE CORPORATION 9 4.72% $6,195
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 9 4.78% $4,970
CARDINAL FINANCIAL 8 6.15% $5,824
MORTGAGE ACCESS CORP. 8 5.03% $4,715
COMPASS MORTGAGE, INC. 8 5.03% $5,927
PNC Bank 8 4.92% $4,159
PRIMELENDING, A PLAINSCAPITAL COMPANY 8 4.92% $4,251
GUARANTEED RATE AFFINITY, LLC 8 5.03% $3,715
Hometown Lenders, Inc. 8 4.63% $5,242
Old National Bank 7 3.97% $4,272
NAVY FEDERAL CREDIT UNION 7 5.41% $4,908
HOMESIDE FINANCIAL, LLC 7 4.78% $4,556
BETTER MORTGAGE CORPORATION 7 3.95% $3,137
Citibank 7 3.04% $5,803
MUTUAL OF OMAHA MORTGAGE, INC. 6 5.60% $4,959
CALIBER HOME LOANS, INC. 6 5.15% $5,100
MORTGAGE 1 INCORPORATED 6 4.50% $3,516
FREEDOM MORTGAGE CORPORATION 6 5.37% $4,150
Barrington Bank & Trust Company, N.A. 6 5.23% $3,913
Northpointe Bank 5 4.38% $6,994
Citizens Bank 5 5.15% $7,580
ROYAL UNITED MORTGAGE LLC 4 5.94% $8,375
Charles Schwab Bank, SSB 4 4.47% $4,392
The Northern Trust Company 4 4.59% $6,109
Neighborhood Loans, Inc. 4 5.19% $4,346
BROKER SOLUTIONS, INC. 4 6.50% $6,939
USAA Federal Savings Bank 4 5.59% $4,421
Ally Bank 4 4.84% $3,001
LAKEVIEW LOAN SERVICING, LLC 4 4.62% $7,464
BMO Harris Bank 4 4.88% $5,542
MICHIGAN STATE UNIVERSITY FEDERAL CREDIT UNION 4 5.69% $3,123
ZILLOW HOME LOANS, LLC 3 4.83% $4,101
BLUELEAF LENDING, LLC 3 4.50% $4,992
Carrington Mortgage Services, LLC 3 5.79% $8,089
FINANCE OF AMERICA MORTGAGE LLC 3 7.04% $6,337
First Federal Savings Bank 3 6.13% $3,777
GREENSTATE CREDIT UNION 3 5.92% $3,869
GreenStone Farm Credit Services, FLCA 3 4.80% $5,682
HOME POINT FINANCIAL CORPORATION 3 3.79% $6,610
KeyBank 3 4.25% $4,263
Mercantile Bank of Michigan 3 5.00% $3,691
MOVEMENT MORTGAGE, LLC 3 3.87% $2,472
NEWREZ LLC 3 4.33% $4,588
SUCCESS MORTGAGE PARTNERS, INC. 3 6.08% $6,596
UBS Bank USA 3 3.88% $4,760
UNION HOME MORTGAGE CORP. 3 5.75% $5,255
Lake City Bank 2 3.88% $3,447
Pacor Mortgage Corp 2 3.88% $2,979
SUMMIT HOME MORTGAGE, LLC 2 4.81% $3,586
INLANTA MORTGAGE, INC. 2 5.56% $3,121
ARK-LA-TEX FINANCIAL SERVICES, LLC. 2 5.62% $8,554
PENNYMAC LOAN SERVICES, LLC 2 5.06% $3,997
PENTAGON FEDERAL CREDIT UNION 2 4.00% $5,431
The Federal Savings Bank 2 3.94% $8,442
FIRST CENTENNIAL MORTGAGE CORPORATION 2 3.25% $5,107
PHH Mortgage Corporation 2 3.75% $6,671
PLANET HOME LENDING, LLC 2 4.25% $5,854
TOP FLITE FINANCIAL, INC. 2 4.75% $8,831
Wyndham Capital Mortgage, Inc. 2 5.56% $2,989
DRAPER AND KRAMER MORTGAGE CORP. 2 5.25% $5,348
PRIMARY RESIDENTIAL MORTGAGE, INC. 2 5.63% $4,858
CIBC Bank USA 2 3.63% $9,733
GVC MORTGAGE, INC. 2 4.36% $7,814
Prosperity Home Mortgage, LLC 2 4.38% $5,110
DIAMOND RESIDENTIAL MORTGAGE CORPORATION 2 6.00% $4,186
Community West Credit Union 2 5.94% $3,249
North American Savings Bank, F.S.B. 2 6.06% $1,606
GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION 2 3.81% $3,499
EVERETT FINANCIAL, INC. 2 4.50% $2,247
MORTGAGE CENTER L.C 2 3.44% $2,020
Mortgage Research Center, LLC 2 5.75% $4,341
First Financial Bank 2 4.44% $9,591
INLAND BANK & TRUST 2 4.06% $6,292
CMG MORTGAGE, INC. 1 3.88% $3,043
M&T Bank 1 5.50% $5,121
Mutual Federal Bank 1 6.63% $6,640
City National Bank 1 6.08% $3,928
Nations Lending Corporation 1 6.25% $6,018
ChoiceOne Bank 1 5.38% $3,488
Watermark Capital, Inc. 1 5.38% $3,451
NexBank 1 5.75% $10,428
Chicago Financial Services, Inc. 1 5.13% $3,350
Northwest Bank 1 3.88% $3,921
Centier Bank 1 3.25% $4,207
NUMARK CREDIT UNION 1 2.88% $2,466
CASTLE & COOKE MORTGAGE, LLC 1 3.75% $4,088
CANOPY MORTGAGE, LLC 1 3.25% $2,630
Paramount Residential Mortgage Group, Inc. 1 5.50% $6,055
Peoples Bank 1 5.88% $9,063
Busey Bank 1 5.50% $3,629
BNY Mellon 1 3.75% $4,316
BNC National Bank 1 5.38% $3,841
PURDUE FEDERAL CREDIT UNION 1 4.88% $7,352
Bethpage Federal Credit Union 1 6.13% $3,965
Quontic Bank 1 8.75% $11,305
Raymond James Bank 1 2.63% $3,049
BAY EQUITY LLC 1 3.38% $4,124
Arvest Bank 1 5.63% $5,409
S1L, Inc. 1 5.00% $5,642
Servion, Inc. 1 5.25% $9,581
Stifel Bank and Trust 1 3.25% $1,996
AAC Credit Union 1 5.63% $2,440
SUN WEST MORTGAGE COMPANY, INC. 1 7.00% $5,478
TEAM ONE CREDIT UNION 1 5.50% $4,965
THE ANDERSON FINANCIAL GROUP, INC. 1 4.25% $2,866
The First National Bank of Ottawa 1 5.88% $5,554
ARBOR FINANCIAL CREDIT UNION 1 5.13% $3,408
ANGEL OAK HOME LOANS LLC 1 5.25% $2,729
1st State Financial, Ltd. 1 4.50% $1,392
AMERICAN PORTFOLIO MORTGAGE CORPORATION 1 6.75% $3,517
United Community Bank 1 5.50% $3,051
UNITED HOME LOANS, INC. 1 4.63% $4,448
Flanagan State Bank 1 3.88% $2,884
Frankenmuth Credit Union 1 3.75% $0
FIRST STATE MORTGAGE SERVICES, LLC 1 3.63% $2,719
Gold Coast Bank 1 3.25% $5,738
AMERICAN FINANCING CORPORATION 1 3.13% $5,467
University Bank 1 5.25% $2,951
GSF Mortgage Corporation 1 5.38% $2,890
First State Bank of St. Charles, Missouri 1 3.25% $2,754
GUILD MORTGAGE COMPANY 1 5.38% $3,715
First Midwest Bank 1 2.88% $4,390
First Mid Bank & Trust 1 3.75% $2,636
HAPO COMMUNITY CREDIT UNION 1 5.75% $4,189
HOMEBRIDGE FINANCIAL SERVICES, INC. 1 3.63% $3,370
UNIVERSITY OF MICHIGAN CREDIT UNION 1 4.00% $2,655
First Merchants Bank 1 6.38% $3,503
FIRST HERITAGE FINANCIAL, LLC 1 6.45% $3,241
INB 1 5.63% $3,219
FirstBank 1 2.99% $2,870
INOVA FEDERAL CREDIT UNION 1 3.00% $2,534
Johnson Bank 1 5.45% $3,257
JUSTICE Federal Credit Union 1 6.38% $2,626
ADVANCIAL 1 5.75% $8,105
ENVOY MORTGAGE, LTD 1 5.38% $3,901
Lakeview Community Capital, LLC 1 4.50% $1,769
LEGEND LENDING CORPORATION 1 5.88% $3,822
LOANPAL, LLC 1 5.13% $6,744
ACADEMY MORTGAGE CORPORATION 1 6.88% $2,644
Michigan Educational Credit Union 1 4.13% $4,667
MICHIGAN MUTUAL, INC. 1 6.38% $10,720
MICHIGAN SCHOOLS AND GOVERNMENT 1 3.88% $3,083
DFCU FINANCIAL 1 6.25% $3,151
MID AMERICA MORTGAGE, INC. 1 5.88% $3,822
MMS MORTGAGE SERVICES, LTD. 1 5.88% $3,744
CREDIT UNION ONE 1 8.13% $4,343
Commercial Bank 1 4.13% $4,514
VAN DYK MORTGAGE CORPORATION 1 5.50% $2,852

NILES Average Closing Costs & Other Stats

NILES, MI's 178 lenders originated 4,918 loans during 2022. The total origination value was $1,003,830,000, with an average loan value of $204,113.

NILES's average closing costs are $3,772.

The top NILES lender as defined by loan originations is UNITED, with 336 loans originated. Their average total fees are $3,890, which is $1,768 lower than the next largest lender, QUICKEN LOANS, LLC.

The lowest fee NILES lenders (with over 10 loans originated) are Circle Federal Credit Union ($2,832), TEACHERS CREDIT UNION ($2,838), Honor Credit Union ($2,843), RUOFF MORTGAGE COMPANY, INC. ($3,156) and Horizon Bank ($3,166).

The lowest rate NILES lenders (with over 10 loans originated) are Bank of America (3.73%), Morgan Stanley Private Bank (3.91%), U.S. Bank (4.52%), Honor Credit Union (4.53%) and OAK MORTGAGE, LLC (4.54%).

NILES, 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 2021 Loan Value 2022 Loan Value % Change 2022 Market Share
UNITED $183,160,000 $129,000,000 -29.6% 12.9%
Honor Credit Union $148,400,000 $103,150,000 -30.5% 10.3%
Horizon Bank $76,055,000 $46,300,000 -39.1% 4.6%
OAK MORTGAGE, LLC $85,215,000 $46,060,000 -45.9% 4.6%
QUICKEN LOANS, LLC $116,700,000 $41,390,000 -64.5% 4.1%
JPMorgan Chase Bank $51,470,000 $38,655,000 -24.9% 3.9%
Fifth Third Bank $54,190,000 $33,685,000 -37.8% 3.4%
The Huntington National Bank $27,475,000 $33,025,000 20.2% 3.3%
AMERIFIRST FINANCIAL CORPORATION $38,645,000 $25,930,000 -32.9% 2.6%
Bank of America $25,680,000 $21,225,000 -17.3% 2.1%
GUARANTEED RATE, INC. $56,430,000 $20,345,000 -63.9% 2.0%
LAKE MICHIGAN CREDIT UNION $20,370,000 $16,425,000 -19.4% 1.6%
UNITED WHOLESALE MORTGAGE, LLC $22,680,000 $16,315,000 -28.1% 1.6%
Associated Bank $27,765,000 $15,125,000 -45.5% 1.5%
Flagstar Bank, FSB $18,725,000 $14,830,000 -20.8% 1.5%
Wells Fargo Bank $16,415,000 $14,540,000 -11.4% 1.4%
Notre Dame Federal Credit Union Corporation $12,485,000 $13,610,000 9.0% 1.4%
RUOFF MORTGAGE COMPANY, INC. $30,080,000 $13,360,000 -55.6% 1.3%
1st Source Bank $17,565,000 $12,895,000 -26.6% 1.3%
Morgan Stanley Private Bank $6,095,000 $12,660,000 107.7% 1.3%
Independent Bank $27,370,000 $11,105,000 -59.4% 1.1%
Citibank $7,345,000 $10,545,000 43.6% 1.1%
Circle Federal Credit Union $14,180,000 $9,760,000 -31.2% 1.0%
PROPER RATE, LLC $12,085,000 $9,635,000 -20.3% 1.0%
LOANDEPOT.COM, LLC $23,010,000 $8,650,000 -62.4% 0.9%
TEACHERS CREDIT UNION $21,290,000 $8,495,000 -60.1% 0.8%
Sturgis Bank & Trust Company $1,680,000 $7,780,000 363.1% 0.8%
Old National Bank $8,430,000 $7,570,000 -10.2% 0.8%
First Federal Savings Bank $6,300,000 $7,375,000 17.1% 0.7%
U.S. Bank $10,580,000 $7,260,000 -31.4% 0.7%
PNC Bank $9,360,000 $6,545,000 -30.1% 0.7%
Regions Bank $6,355,000 n/a 0.6%
Mortgage Research Center, LLC $12,290,000 $6,205,000 -49.5% 0.6%
BMO Harris Bank $7,430,000 $5,845,000 -21.3% 0.6%
NAVY FEDERAL CREDIT UNION $4,845,000 $5,710,000 17.9% 0.6%
CONSUMERS $5,800,000 $5,405,000 -6.8% 0.5%
GreenStone Farm Credit Services, FLCA $3,560,000 $5,335,000 49.9% 0.5%
CROSSCOUNTRY MORTGAGE, LLC $9,575,000 $4,970,000 -48.1% 0.5%
Mr. Cooper ( Nationstar Mortgage ) $7,485,000 $4,855,000 -35.1% 0.5%
Pinnacle Bank $4,715,000 n/a 0.5%
Citizens Bank $1,710,000 $4,675,000 173.4% 0.5%
CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP $7,790,000 $4,240,000 -45.6% 0.4%
Hometown Lenders, Inc. $2,765,000 $4,170,000 50.8% 0.4%
Charles Schwab Bank, SSB $1,385,000 $3,935,000 184.1% 0.4%
CIBC Bank USA $9,605,000 $3,920,000 -59.2% 0.4%
HALLMARK HOME MORTGAGE, LLC $9,390,000 $3,880,000 -58.7% 0.4%
FREEDOM MORTGAGE CORPORATION $11,145,000 $3,855,000 -65.4% 0.4%
FAIRWAY INDEPENDENT MORTGAGE CORPORATION $4,840,000 $3,605,000 -25.5% 0.4%
Hinsdale Bank & Trust Company $3,450,000 n/a 0.3%
AMERISAVE MORTGAGE CORPORATION $9,295,000 $3,345,000 -64.0% 0.3%
MORTGAGE ACCESS CORP. $1,360,000 $3,335,000 145.2% 0.3%
The Northern Trust Company $2,845,000 $3,320,000 16.7% 0.3%
GUARANTEED RATE AFFINITY, LLC $3,980,000 $3,235,000 -18.7% 0.3%
PRIMELENDING, A PLAINSCAPITAL COMPANY $3,660,000 $3,055,000 -16.5% 0.3%
UBS Bank USA $2,455,000 $2,750,000 12.0% 0.3%
MORTGAGE 1 INCORPORATED $2,730,000 $2,645,000 -3.1% 0.3%
First Financial Bank $490,000 $2,640,000 438.8% 0.3%
HOMESIDE FINANCIAL, LLC $3,905,000 $2,570,000 -34.2% 0.3%
CALIBER HOME LOANS, INC. $5,355,000 $2,375,000 -55.6% 0.2%
BETTER MORTGAGE CORPORATION $10,455,000 $2,365,000 -77.4% 0.2%
BLUELEAF LENDING, LLC $5,080,000 $2,245,000 -55.8% 0.2%
Village Bank & Trust $2,145,000 n/a 0.2%
MUTUAL OF OMAHA MORTGAGE, INC. $4,290,000 $2,135,000 -50.2% 0.2%
Centier Bank $4,275,000 $2,095,000 -51.0% 0.2%
Carrington Mortgage Services, LLC $1,260,000 $2,005,000 59.1% 0.2%
COMPASS MORTGAGE, INC. $3,645,000 $1,965,000 -46.1% 0.2%
Lake City Bank $595,000 $1,955,000 228.6% 0.2%
HOME POINT FINANCIAL CORPORATION $5,490,000 $1,830,000 -66.7% 0.2%
First Midwest Bank $3,535,000 $1,825,000 -48.4% 0.2%
ARBOR FINANCIAL CREDIT UNION $5,285,000 $1,795,000 -66.0% 0.2%
GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION $1,385,000 $1,780,000 28.5% 0.2%
PENTAGON FEDERAL CREDIT UNION $735,000 $1,770,000 140.8% 0.2%
Barrington Bank & Trust Company, N.A. $12,040,000 $1,745,000 -85.5% 0.2%
TRIAD FINANCIAL SERVICES, INC. $1,425,000 $1,740,000 22.1% 0.2%
MICHIGAN STATE UNIVERSITY FEDERAL CREDIT UNION $4,210,000 $1,705,000 -59.5% 0.2%
Grand River Bank $215,000 $1,685,000 683.7% 0.2%
ARK-LA-TEX FINANCIAL SERVICES, LLC. $890,000 $1,505,000 69.1% 0.1%
CIVIC FINANCIAL SERVICES, LLC $1,495,000 n/a 0.1%
KeyBank $23,905,000 $1,430,000 -94.0% 0.1%
USAA Federal Savings Bank $2,985,000 $1,430,000 -52.1% 0.1%
GREENSTATE CREDIT UNION $1,385,000 n/a 0.1%
NEWREZ LLC $6,105,000 $1,380,000 -77.4% 0.1%
Southern Michigan Bank & Trust $1,380,000 n/a 0.1%
Mercantile Bank of Michigan $3,505,000 $1,310,000 -62.6% 0.1%
SUCCESS MORTGAGE PARTNERS, INC. $1,905,000 $1,285,000 -32.5% 0.1%
RF Renovo Management Company, LLC $1,255,000 n/a 0.1%
The Federal Savings Bank $1,845,000 $1,250,000 -32.2% 0.1%
LAKEVIEW LOAN SERVICING, LLC $2,475,000 $1,225,000 -50.5% 0.1%
Northpointe Bank $2,455,000 $1,225,000 -50.1% 0.1%
FINANCE OF AMERICA MORTGAGE LLC $3,675,000 $1,210,000 -67.1% 0.1%
Chicago Financial Services, Inc. $1,000,000 $1,115,000 11.5% 0.1%
LIMA ONE CAPITAL, LLC $1,105,000 n/a 0.1%
TOP FLITE FINANCIAL, INC. $700,000 $1,105,000 57.9% 0.1%
NEW DAY FINANCIAL, LLC $1,900,000 $1,090,000 -42.6% 0.1%
Wheaton Bank & Trust $1,075,000 n/a 0.1%
Commerce Home Mortgage, Inc. $1,070,000 n/a 0.1%
DRAPER AND KRAMER MORTGAGE CORP. $10,120,000 $1,050,000 -89.6% 0.1%
UNION HOME MORTGAGE CORP. $6,050,000 $1,035,000 -82.9% 0.1%
Ally Bank $1,430,000 $1,010,000 -29.4% 0.1%
PENNYMAC LOAN SERVICES, LLC $5,890,000 $995,000 -83.1% 0.1%
21ST MORTGAGE CORPORATION $1,175,000 $990,000 -15.7% 0.1%
PLANET HOME LENDING, LLC $560,000 $990,000 76.8% 0.1%
Pacor Mortgage Corp $165,000 $960,000 481.8% 0.1%
BROKER SOLUTIONS, INC. $2,895,000 $945,000 -67.4% 0.1%
LENDINGHOME FUNDING CORPORATION $440,000 $945,000 114.8% 0.1%
ZILLOW HOME LOANS, LLC $670,000 $940,000 40.3% 0.1%
Northwest Bank $2,180,000 $915,000 -58.0% 0.1%
Stifel Bank and Trust $2,055,000 $900,000 -56.2% 0.1%
DIAMOND RESIDENTIAL MORTGAGE CORPORATION $920,000 $895,000 -2.7% 0.1%
INLAND BANK & TRUST $6,095,000 $890,000 -85.4% 0.1%
Neighborhood Loans, Inc. $2,175,000 $890,000 -59.1% 0.1%
INB $880,000 n/a 0.1%
ROYAL UNITED MORTGAGE LLC $465,000 $880,000 89.2% 0.1%
INLANTA MORTGAGE, INC. $350,000 $870,000 148.6% 0.1%
First American Bank $1,455,000 $850,000 -41.6% 0.1%
BAY EQUITY LLC $820,000 n/a 0.1%
The Dart Bank $875,000 $820,000 -6.3% 0.1%
MOVEMENT MORTGAGE, LLC $355,000 $815,000 129.6% 0.1%
EVERETT FINANCIAL, INC. $145,000 $780,000 437.9% 0.1%
FIRST CENTENNIAL MORTGAGE CORPORATION $5,345,000 $775,000 -85.5% 0.1%
UNITED HOME LOANS, INC. $280,000 $765,000 173.2% 0.1%
Busey Bank $760,000 n/a 0.1%
PRIMARY RESIDENTIAL MORTGAGE, INC. $750,000 $745,000 -0.7% 0.1%
Raymond James Bank $2,270,000 $745,000 -67.2% 0.1%
VILLAGE CAPITAL MORTGAGE $1,455,000 $735,000 -49.5% 0.1%
Servion, Inc. $1,105,000 $725,000 -34.4% 0.1%
VAN DYK MORTGAGE CORPORATION $800,000 $715,000 -10.6% 0.1%
AMERICAN ADVISORS GROUP $805,000 $700,000 -13.0% 0.1%
North American Savings Bank, F.S.B. $305,000 $680,000 123.0% 0.1%
Gold Coast Bank $3,865,000 $660,000 -82.9% 0.1%
CONTOUR MORTGAGE CORPORATION $225,000 $650,000 188.9% 0.1%
Platinum Home Mortgage Corporation $650,000 n/a 0.1%
INOVA FEDERAL CREDIT UNION $1,115,000 $640,000 -42.6% 0.1%
Schaumburg Bank & Trust $635,000 n/a 0.1%
Wyndham Capital Mortgage, Inc. $675,000 $610,000 -9.6% 0.1%
BNY Mellon $605,000 n/a 0.1%
HOMEBRIDGE FINANCIAL SERVICES, INC. $685,000 $600,000 -12.4% 0.1%
TEAM ONE CREDIT UNION $235,000 $595,000 153.2% 0.1%
AMERICAN HERITAGE LENDING, INC. $550,000 n/a 0.1%
GVC MORTGAGE, INC. $575,000 $535,000 -7.0% 0.1%
PURDUE FEDERAL CREDIT UNION $585,000 $535,000 -8.5% 0.1%
First Merchants Bank $1,205,000 $525,000 -56.4% 0.1%
AMERICAN FINANCING CORPORATION $750,000 $505,000 -32.7% 0.1%
Commercial Bank $505,000 n/a 0.1%
MORTGAGE CENTER L.C $1,550,000 $485,000 -68.7% 0.0%
The First National Bank of Ottawa $2,015,000 $465,000 -76.9% 0.0%
EVANSVILLE TEACHERS $455,000 n/a 0.0%
PHH Mortgage Corporation $495,000 $450,000 -9.1% 0.0%
CANOPY MORTGAGE, LLC $375,000 $445,000 18.7% 0.0%
Peoples Bank $235,000 $445,000 89.4% 0.0%
UNIVERSITY OF MICHIGAN CREDIT UNION $440,000 n/a 0.0%
Figure Lending LLC $685,000 $435,000 -36.5% 0.0%
NexBank $425,000 n/a 0.0%
LOANPAL, LLC $175,000 $420,000 140.0% 0.0%
Luxury Mortgage Corp. $415,000 n/a 0.0%
City National Bank $405,000 n/a 0.0%
ANGEL OAK HOME LOANS LLC $400,000 n/a 0.0%
First Mid Bank & Trust $395,000 n/a 0.0%
ENVOY MORTGAGE, LTD $390,000 n/a 0.0%
MICHIGAN MUTUAL, INC. $810,000 $390,000 -51.9% 0.0%
SUMMIT HOME MORTGAGE, LLC $390,000 n/a 0.0%
Bethpage Federal Credit Union $105,000 $385,000 266.7% 0.0%
THE ANDERSON FINANCIAL GROUP, INC. $255,000 $385,000 51.0% 0.0%
CLEARPATH LENDING $745,000 $380,000 -49.0% 0.0%
LONGBRIDGE FINANCIAL, LLC $85,000 $375,000 341.2% 0.0%
United Community Bank $345,000 $365,000 5.8% 0.0%
VISION FINANCIAL $355,000 n/a 0.0%
GSF Mortgage Corporation $325,000 n/a 0.0%
Prosperity Home Mortgage, LLC $3,250,000 $325,000 -90.0% 0.0%
Nations Lending Corporation $350,000 $320,000 -8.6% 0.0%
ADVANCIAL $195,000 $315,000 61.5% 0.0%
FirstBank $835,000 $315,000 -62.3% 0.0%
RESIDENTIAL BANCORP. $175,000 $315,000 80.0% 0.0%
BNC National Bank $440,000 $305,000 -30.7% 0.0%
ChoiceOne Bank $295,000 n/a 0.0%
GUILD MORTGAGE COMPANY $345,000 $285,000 -17.4% 0.0%
JUSTICE Federal Credit Union $285,000 n/a 0.0%
QUORUM FEDERAL CREDIT UNION $65,000 $285,000 338.5% 0.0%
Hometown National Bank $275,000 n/a 0.0%
First State Bank of St. Charles, Missouri $265,000 n/a 0.0%
CORPORATE AMERICA FAMILY $255,000 n/a 0.0%
Frankenmuth Credit Union $255,000 n/a 0.0%
Quontic Bank $255,000 n/a 0.0%
ALLIANT CREDIT UNION $685,000 $250,000 -63.5% 0.0%
M&T Bank $300,000 $250,000 -16.7% 0.0%
First State Bank of Middlebury $390,000 $245,000 -37.2% 0.0%
FNBC Bank & Trust $245,000 n/a 0.0%
Johnson Bank $245,000 n/a 0.0%
Michigan Educational Credit Union $245,000 n/a 0.0%
Grundy Bank $1,635,000 $235,000 -85.6% 0.0%
S1L, Inc. $235,000 n/a 0.0%
SPRING EQ, LLC $190,000 $230,000 21.1% 0.0%
West Michigan Community Bank $45,000 $225,000 400.0% 0.0%
AMERICAN PORTFOLIO MORTGAGE CORPORATION $95,000 $205,000 115.8% 0.0%
Discover Bank $560,000 $205,000 -63.4% 0.0%
KALSEE CREDIT UNION $205,000 $205,000 0.0% 0.0%
Zeal Credit Union $205,000 n/a 0.0%
GENEVA FINANCIAL, LLC $195,000 n/a 0.0%
HIGHLANDS RESIDENTIAL MORTGAGE, LTD. $475,000 $195,000 -58.9% 0.0%
Mutual Federal Bank $895,000 $195,000 -78.2% 0.0%
VANDERBILT MORTGAGE AND FINANCE, INC. $285,000 $195,000 -31.6% 0.0%
Community West Credit Union $190,000 n/a 0.0%
NUMARK CREDIT UNION $190,000 n/a 0.0%
AAC Credit Union $205,000 $185,000 -9.8% 0.0%
Arvest Bank $370,000 $185,000 -50.0% 0.0%
HAPO COMMUNITY CREDIT UNION $185,000 n/a 0.0%
SUMMIT FUNDING, INC. $845,000 $185,000 -78.1% 0.0%
University Bank $185,000 n/a 0.0%
ADVIA $55,000 $180,000 227.3% 0.0%
DFCU FINANCIAL $565,000 $175,000 -69.0% 0.0%
LEGEND LENDING CORPORATION $175,000 n/a 0.0%
MID AMERICA MORTGAGE, INC. $290,000 $175,000 -39.7% 0.0%
NORTHERN MORTGAGE SERVICES, LLC $335,000 $175,000 -47.8% 0.0%
Simmons Bank $175,000 n/a 0.0%
FIRST HERITAGE FINANCIAL, LLC $165,000 $165,000 0.0% 0.0%
FIRST STATE MORTGAGE SERVICES, LLC $205,000 $165,000 -19.5% 0.0%
WINGS FINANCIAL $165,000 n/a 0.0%
MICHIGAN SCHOOLS AND GOVERNMENT $160,000 n/a 0.0%
AmeriHome Mortgage Company, LLC $1,130,000 $155,000 -86.3% 0.0%
ELGA CREDIT UNION $155,000 n/a 0.0%
SUN WEST MORTGAGE COMPANY, INC. $780,000 $155,000 -80.1% 0.0%
ANGEL OAK MORTGAGE SOLUTIONS LLC $145,000 n/a 0.0%
Heartland Bank and Trust Company $750,000 $145,000 -80.7% 0.0%
LIBERTY HOME MORTGAGE CORPORATION $145,000 n/a 0.0%
First Federal Savings Bank $6,300,000 $135,000 -97.9% 0.0%
Lakeview Community Capital, LLC $420,000 $135,000 -67.9% 0.0%
NBKC BANK $765,000 $135,000 -82.4% 0.0%
Watermark Capital, Inc. $135,000 n/a 0.0%
CREDIT UNION ONE $115,000 $130,000 13.0% 0.0%
Chicago Mortgage Solutions LLC $1,835,000 $115,000 -93.7% 0.0%
Hometown Equity Mortgage, LLC $135,000 $115,000 -14.8% 0.0%
MEMBER FIRST MORTGAGE, LLC $525,000 $115,000 -78.1% 0.0%
MMS MORTGAGE SERVICES, LTD. $115,000 n/a 0.0%
Paramount Residential Mortgage Group, Inc. $105,000 n/a 0.0%
CREDIT HUMAN FEDERAL CREDIT UNION $55,000 $85,000 54.5% 0.0%
Flanagan State Bank $405,000 $85,000 -79.0% 0.0%
MARSHALL COMMUNITY CREDIT UNION $125,000 $85,000 -32.0% 0.0%
BayCoast Bank $225,000 $80,000 -64.4% 0.0%
CASTLE & COOKE MORTGAGE, LLC $75,000 n/a 0.0%
CMG MORTGAGE, INC. $290,000 $75,000 -74.1% 0.0%
Deere Employees Credit Union $400,000 $75,000 -81.3% 0.0%
MIDWEST LOAN SOLUTIONS, INC. $75,000 n/a 0.0%
Three Rivers Federal Credit Union $755,000 $75,000 -90.1% 0.0%
OMNI Community Credit Union $150,000 $70,000 -53.3% 0.0%
1st State Financial, Ltd. $65,000 n/a 0.0%
FIRST TRUST $65,000 n/a 0.0%
Meijer Credit Union $65,000 n/a 0.0%
ACADEMY MORTGAGE CORPORATION $560,000 $55,000 -90.2% 0.0%
Dort Financial Credit Union $55,000 n/a 0.0%
Farmers Bank & Trust $55,000 n/a 0.0%
FINANCE OF AMERICA REVERSE LLC $55,000 n/a 0.0%
TLC COMMUNITY Credit Union $55,000 n/a 0.0%
United States Senate Federal Credit Union $55,000 n/a 0.0%
CHURCHILL MORTGAGE CORPORATION $1,105,000 $45,000 -95.9% 0.0%
EVERENCE FEDERAL CREDIT UNION $45,000 n/a 0.0%
INTERRA CREDIT UNION $555,000 $45,000 -91.9% 0.0%
STAR Financial Bank $45,000 n/a 0.0%
STAR USA FEDERAL CREDIT UNION $45,000 n/a 0.0%
Kellogg Community Credit Union $25,000 n/a 0.0%
CITIZENS EQUITY FIRST $15,000 n/a 0.0%
Home Loan Investment Bank, F.S.B. $15,000 $15,000 0.0% 0.0%

NILES's top lender by overall market share is UNITED, with 12.9% market share. In second place, with 10.3%, is Honor Credit Union, having originated $103,150,000 in loans. In third place, with 4.6%, is Horizon Bank, having originated $46,300,000 in loans. In fourth place, with 4.6%, is OAK MORTGAGE, LLC, having originated $46,060,000 in loans. In fifth place, with 4.1%, is QUICKEN LOANS, LLC, having originated $41,390,000 in loans.


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

Realtor.com - NILES (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 $267,000 (-16.3%) $466,576 (-11.3%) 0.99 688
2018-02-01 $289,511 (-10.9%) $494,835 (-6.3%) 1.05 643
2018-03-01 $299,000 (-15.0%) $502,497 (-7.6%) 1.05 644
2018-04-01 $324,450 (-7.0%) $515,886 (-3.3%) 1.10 693
2018-05-01 $326,000 (-0.4%) $514,292 (1.1%) 1.09 776
2018-06-01 $329,900 (5.3%) $514,845 (6.6%) 1.10 847
2018-07-01 $324,000 (8.4%) $499,901 (4.2%) 1.08 925
2018-08-01 $310,000 (7.3%) $482,881 (0.8%) 1.04 989
2018-09-01 $299,900 (6.6%) $502,463 (3.9%) 1.01 992
2018-10-01 $301,200 (6.6%) $487,417 (0.5%) 1.02 969
2018-11-01 $298,450 (3.3%) $479,032 (-2.0%) 1.01 890
2018-12-01 $299,000 (10.8%) $477,520 (-0.6%) 1.03 765
2019-01-01 $298,350 (11.7%) $468,938 (0.5%) 1.03 645
2019-02-01 $314,490 (8.6%) $495,673 (0.2%) 1.06 615
2019-03-01 $332,929 (11.4%) $513,891 (2.3%) 1.09 645
2019-04-01 $346,250 (6.7%) $517,617 (0.3%) 1.10 684
2019-05-01 $347,175 (6.5%) $520,388 (1.2%) 1.09 739
2019-06-01 $334,900 (1.5%) $510,413 (-0.9%) 1.05 829
2019-07-01 $331,450 (2.3%) $519,445 (3.9%) 1.04 879
2019-08-01 $327,109 (5.5%) $508,328 (5.3%) 1.04 896
2019-09-01 $316,923 (5.7%) $495,389 (-1.4%) 1.01 912
2019-10-01 $310,357 (3.0%) $484,982 (-0.5%) 1.00 916
2019-11-01 $315,000 (5.6%) $481,930 (0.6%) 1.03 820
2019-12-01 $299,900 (0.3%) $453,263 (-5.1%) 1.00 701
2020-01-01 $294,925 (-1.2%) $442,728 (-5.6%) 0.99 614
2020-02-01 $295,000 (-6.2%) $446,369 (-10.0%) 0.97 616
2020-03-01 $327,000 (-1.8%) $470,157 (-8.5%) 1.03 603
2020-04-01 $338,400 (-2.3%) $510,745 (-1.3%) 1.06 586
2020-05-01 $339,000 (-2.4%) $501,727 (-3.6%) 1.03 639
2020-06-01 $355,725 (6.2%) $531,435 (4.1%) 1.05 629
2020-07-01 $356,850 (7.7%) $529,699 (2.0%) 1.03 593
2020-08-01 $358,875 (9.7%) $540,235 (6.3%) 1.03 514
2020-09-01 $342,725 (8.1%) $538,044 (8.6%) 0.98 468
2020-10-01 $357,325 (15.1%) $594,778 (22.6%) 1.02 408
2020-11-01 $349,950 (11.1%) $616,599 (27.9%) 1.02 377
2020-12-01 $349,950 (16.7%) $623,907 (37.7%) 1.04 338
2021-01-01 $341,950 (15.9%) $646,698 (46.1%) 1.02 280
2021-02-01 $358,900 (21.7%) $734,365 (64.5%) 1.04 213
2021-03-01 $351,225 (7.4%) $792,731 (68.6%) 1.00 217
2021-04-01 $425,700 (25.8%) $820,705 (60.7%) 1.15 215
2021-05-01 $406,950 (20.0%) $772,468 (54.0%) 1.08 234
2021-06-01 $397,125 (11.6%) $762,335 (43.5%) 1.05 289
2021-07-01 $350,000 (-1.9%) $672,401 (26.9%) 0.92 332
2021-08-01 $348,500 (-2.9%) $642,395 (18.9%) 0.93 360
2021-09-01 $340,875 (-0.5%) $613,274 (14.0%) 0.91 364
2021-10-01 $332,450 (-7.0%) $618,682 (4.0%) 0.89 311
2021-11-01 $339,900 (-2.9%) $640,753 (3.9%) 0.91 288
2021-12-01 $338,900 (-3.2%) $663,708 (6.4%) 0.92 226
2022-01-01 $322,400 (-5.7%) $666,659 (3.1%) 0.87 198
2022-02-01 $348,725 (-2.8%) $713,560 (-2.8%) 0.91 188
2022-03-01 $384,500 (9.5%) $746,748 (-5.8%) 0.96 184
2022-04-01 $399,000 (-6.3%) $772,145 (-5.9%) 0.95 198
2022-05-01 $419,975 (3.2%) $775,776 (0.4%) 0.96 242
2022-06-01 $399,225 (0.5%) $732,590 (-3.9%) 0.89 302
2022-07-01 $395,000 (12.9%) $682,874 (1.6%) 0.89 367
2022-08-01 $374,975 (7.6%) $668,499 (4.1%) 0.87 393
2022-09-01 $362,719 (6.4%) $643,521 (4.9%) 0.85 403
2022-10-01 $380,000 (14.3%) $675,027 (9.1%) 0.89 401
2022-11-01 $357,475 (5.2%) $654,569 (2.2%) 0.86 384
2022-12-01 $339,977 (0.3%) $648,901 (-2.2%) 0.84 339
2023-01-01 $315,000 (-2.3%) $653,406 (-2.0%) 0.78 293
2023-02-01 $339,425 (-2.7%) $648,371 (-9.1%) 0.82 271
2023-03-01 $345,688 (-10.1%) $643,270 (-13.9%) 0.82 270
2023-04-01 $360,000 (-9.8%) $679,138 (-12.1%) 0.84 265
2023-05-01 $418,500 (-0.4%) $740,451 (-4.6%) 0.95 263
2023-06-01 $450,000 (12.7%) $777,510 (6.1%) 1.01 297
2023-07-01 $400,000 (1.3%) $721,960 (5.7%) 0.91 327
2023-08-01 $400,625 (6.8%) $706,425 (5.7%) 0.92 350
2023-09-01 $364,950 (0.6%) $645,192 (0.3%) 0.85 361
2023-10-01 $349,675 (-8.0%) $623,444 (-7.6%) 0.82 384
2023-11-01 $346,175 (-3.2%) $627,977 (-4.1%) 0.82 363
2023-12-01 $326,500 (-4.0%) $571,339 (-12.0%) 0.80 320
2024-01-01 $308,675 (-2.0%) $553,718 (-15.3%) 0.75 288
NILES's median listing price for 2024-01-01 was $308,675, a difference of $-6,325 (-2.0%) versus the prior year and $-17,825 versus the prior month.

NILES's median listing price comes in at 75% of the national average.

NILES's average listing price for 2024-01-01 was $553,718, a difference of $-99,688 (-15.3%) versus the prior year and $-17,621 versus the prior month.

For the 2024-01-01 period, NILES had 288 MLS listings, a difference of -32 listings (-10%) versus the prior month and -5 listings (-2%) versus the prior year.

Median Listing Time on Market & Square Footage

Realtor.com - NILES (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Time on Market Median Square Footage
2018-01-01 105 days 1,950 sqft
2018-02-01 111 days 1,947 sqft
2018-03-01 93 days 1,988 sqft
2018-04-01 62 days 2,037 sqft
2018-05-01 53 days 2,075 sqft
2018-06-01 54 days 2,100 sqft
2018-07-01 64 days 2,121 sqft
2018-08-01 64 days 2,077 sqft
2018-09-01 68 days 2,062 sqft
2018-10-01 76 days 2,092 sqft
2018-11-01 85 days 2,052 sqft
2018-12-01 95 days 2,040 sqft
2019-01-01 108 days 2,040 sqft
2019-02-01 114 days 2,063 sqft
2019-03-01 90 days 2,106 sqft
2019-04-01 57 days 2,153 sqft
2019-05-01 55 days 2,175 sqft
2019-06-01 57 days 2,193 sqft
2019-07-01 59 days 2,185 sqft
2019-08-01 66 days 2,131 sqft
2019-09-01 69 days 2,091 sqft
2019-10-01 73 days 2,067 sqft
2019-11-01 89 days 2,098 sqft
2019-12-01 108 days 2,032 sqft
2020-01-01 115 days 2,000 sqft
2020-02-01 113 days 1,932 sqft
2020-03-01 72 days 1,962 sqft
2020-04-01 77 days 1,999 sqft
2020-05-01 84 days 2,039 sqft
2020-06-01 70 days 2,178 sqft
2020-07-01 53 days 2,218 sqft
2020-08-01 56 days 2,236 sqft
2020-09-01 57 days 2,162 sqft
2020-10-01 57 days 2,184 sqft
2020-11-01 62 days 2,101 sqft
2020-12-01 69 days 2,056 sqft
2021-01-01 81 days 2,012 sqft
2021-02-01 79 days 2,058 sqft
2021-03-01 54 days 2,105 sqft
2021-04-01 46 days 2,258 sqft
2021-05-01 45 days 2,201 sqft
2021-06-01 35 days 2,141 sqft
2021-07-01 42 days 2,004 sqft
2021-08-01 43 days 1,943 sqft
2021-09-01 46 days 1,887 sqft
2021-10-01 54 days 1,883 sqft
2021-11-01 57 days 1,894 sqft
2021-12-01 66 days 1,823 sqft
2022-01-01 72 days 1,808 sqft
2022-02-01 61 days 1,807 sqft
2022-03-01 47 days 1,881 sqft
2022-04-01 39 days 1,917 sqft
2022-05-01 34 days 1,953 sqft
2022-06-01 33 days 1,918 sqft
2022-07-01 42 days 1,942 sqft
2022-08-01 47 days 1,959 sqft
2022-09-01 45 days 1,975 sqft
2022-10-01 49 days 1,935 sqft
2022-11-01 60 days 1,943 sqft
2022-12-01 72 days 1,908 sqft
2023-01-01 83 days 1,848 sqft
2023-02-01 89 days 1,833 sqft
2023-03-01 74 days 1,833 sqft
2023-04-01 51 days 1,846 sqft
2023-05-01 38 days 1,951 sqft
2023-06-01 42 days 2,080 sqft
2023-07-01 44 days 2,038 sqft
2023-08-01 47 days 2,028 sqft
2023-09-01 48 days 2,014 sqft
2023-10-01 51 days 1,919 sqft
2023-11-01 53 days 1,841 sqft
2023-12-01 64 days 1,800 sqft
2024-01-01 77 days 1,748 sqft
NILES's median listing age (time on market) for 2024-01-01 was 77 days. This is -8% shorter than the same period one year ago.

NILES's median square footage for active listings during the 2024-01-01 period was 1,748 sqft. One year prior, the average listing was 1,848 sqft.

NILES, MI Average Rent (2023)

Zoom/scroll map to see average rent by zip code. Subscribers can configure state/metro/county granularity, assorted fields and quantity of results.

For additional perspective within a market, below is information regarding the average rents (as defined by HUD) for zip codes within the metro area. Descriptive statistics (average, median) are shown below the table.
Zip Code Metro Studio Apartment Rent 1BR Apartment Rent 2BR Apartment Rent 3BR Apartment Rent 4BR Apartment Rent
49022 Niles-Benton Harbor, MI $630 $640 $820 $1,060 $1,220
49023 Niles-Benton Harbor, MI $650 $660 $850 $1,100 $1,260
49038 Niles-Benton Harbor, MI $650 $660 $850 $1,100 $1,260
49043 Niles-Benton Harbor, MI $650 $660 $850 $1,100 $1,260
49047 Niles-Benton Harbor, MI $560 $590 $760 $990 $1,080
49084 Niles-Benton Harbor, MI $630 $640 $820 $1,060 $1,220
49085 Niles-Benton Harbor, MI $690 $700 $900 $1,160 $1,330
49098 Niles-Benton Harbor, MI $620 $630 $810 $1,050 $1,200
49101 Niles-Benton Harbor, MI $700 $710 $910 $1,180 $1,350
49102 Niles-Benton Harbor, MI $930 $940 $1,210 $1,570 $1,790
49103 Niles-Benton Harbor, MI $600 $610 $790 $1,020 $1,170
49104 Niles-Benton Harbor, MI $600 $610 $790 $1,020 $1,170
49106 Niles-Benton Harbor, MI $630 $640 $820 $1,060 $1,220
49107 Niles-Benton Harbor, MI $600 $610 $790 $1,020 $1,170
49111 Niles-Benton Harbor, MI $700 $710 $920 $1,190 $1,360
49113 Niles-Benton Harbor, MI $680 $690 $890 $1,150 $1,320
49115 Niles-Benton Harbor, MI $640 $650 $840 $1,080 $1,240
49116 Niles-Benton Harbor, MI $650 $660 $850 $1,100 $1,260
49117 Niles-Benton Harbor, MI $730 $740 $960 $1,240 $1,420
49119 Niles-Benton Harbor, MI $620 $630 $810 $1,040 $1,190
49120 Niles-Benton Harbor, MI $600 $630 $810 $1,050 $1,170
49125 Niles-Benton Harbor, MI $580 $590 $760 $980 $1,120
49126 Niles-Benton Harbor, MI $670 $680 $880 $1,140 $1,300
49127 Niles-Benton Harbor, MI $740 $750 $970 $1,260 $1,440
49128 Niles-Benton Harbor, MI $700 $710 $910 $1,180 $1,350
49129 Niles-Benton Harbor, MI $720 $730 $950 $1,230 $1,400

2022 Average & Median Rent Data Statistics
NILES, MI average 1BR rent: $672, median: $660
NILES, MI average 2BR rent: $866, median: $850
NILES, MI average 3BR rent: $1,120, median: $1,100

NILES, MI Market Loan Reason

Loan Purpose Originations Total Value Average Loan
Home Purchase 2,139 $573,995,000 $268,347
Cash Out Refi 874 $179,570,000 $205,458
Home Improvement 783 $65,065,000 $83,097
Refi 633 $117,695,000 $185,932
Other 489 $67,505,000 $138,047

Niles's most frequently cited loan purpose was Home Purchase, with 2,139 originations. The 2nd most popular reason was Cash Out Refi, with 874 originations.

Interest Rate Frequencies

Loan Rate Originations Total Value Average Loan
5-6% 1,175 $238,445,000 $202,932
3-4% 1,165 $249,715,000 $214,348
4-5% 1,004 $223,770,000 $222,878
6-7% 629 $105,605,000 $167,893
2.5-3% 314 $82,020,000 $261,210
7-8% 239 $32,215,000 $134,791
<2.5% 199 $46,555,000 $233,945
Over 8% 130 $9,200,000 $70,769

During 2022, Niles's most frequently originated rate bucket was 5-6%, with 1,175 originations.

Loan Sizing (NILES, MI MSA)

Loan Size Originations Total Value Average Loan
$100,000 or less 1,657 $87,885,000 $53,039
$100k-200k 1,649 $236,705,000 $143,545
$200k-400k 1,130 $306,720,000 $271,434
$400k-600k 260 $124,000,000 $476,923
$600k-1000k 136 $97,360,000 $715,882
$Over $1MM 86 $151,160,000 $1,757,674

NILES's loan sizing saw the bucket of loans from $100,000 or less with 1,657 originations, totaling $87,885,000 in origination value.

LTV Distribution

Loan to Value Originations Total Value Average Loan
80-100% 1,517 $370,485,000 $244,222
60-80% 1,207 $366,065,000 $303,285
Under 20% 733 $33,875,000 $46,214
20-40% 697 $78,395,000 $112,475
40-60% 635 $126,155,000 $198,669
Over 100% 26 $9,440,000 $363,077

NILES's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 1,517 originations, totaling $370,485,000 in origination value.