Okeechobee 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 Okeechobee averaged 7.2% for the week of 2024-04-11, compared to the national average of 6.88% for the same period.

    The average rate for the prior week (2024-04-04) was 7.24% and one month ago for the week of 2024-03-07, the average rate was 7%.

    Okeechobee's average rate one year ago was 6.5%.

    For refis of the same type during the week of 2024-04-11, the average rate was 7.08%.

    Loan Type Date Rate
    US 30 Year Fixed Rate 2024-04-11 6.88%
    Okeechobee 30 Year Fixed Rate 2024-04-11 7.2%
    Okeechobee 30 Year Fixed Rate Refi 2024-04-11 7.08%
    Okeechobee 15 Year Fixed Rate 2024-04-11 5.96%
    Okeechobee 15 Year Fixed Rate Refi 2024-04-11 6.46%
    Okeechobee 30 Year FHA 2024-04-11 6.83%
    Okeechobee 30 Year FHA Refi 2024-04-11 6.64%
    Okeechobee 30 Year USDA 2024-04-11 6.61%
    Okeechobee 30 Year USDA Refi 2024-04-11 6.91%
    Okeechobee 30 Year VA 2024-04-11 6.37%
    Okeechobee 30 Year VA Refi 2024-04-11 6.77%
    Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations within Okeechobee, FL.

    Okeechobee 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 Okeechobee, FL 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
    UNITED WHOLESALE MORTGAGE, LLC 30 6.93% $6,915
    QUICKEN LOANS, LLC 20 6.86% $7,435
    South State Bank 14 6.99% $4,986
    GENEVA FINANCIAL, LLC 12 7.13% $7,118
    LOANDEPOT.COM, LLC 11 6.86% $7,471
    METROPLEX MORTGAGE SERVICES, INC. 8 7.59% $6,426
    NAVY FEDERAL CREDIT UNION 5 7.40% $4,171
    21ST MORTGAGE CORPORATION 4 7.29% $5,549
    NEWREZ LLC 4 7.43% $7,694
    ACOPIA, LLC 4 6.94% $13,261
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 3 7.04% $10,249
    AMERISAVE MORTGAGE CORPORATION 3 6.58% $7,484
    PENNYMAC LOAN SERVICES, LLC 3 7.04% $6,920
    TOWNE MORTGAGE COMPANY 3 7.50% $6,440
    JPMorgan Chase Bank 3 6.83% $11,878
    Bell Bank 2 7.69% $5,840
    MIDFLORIDA 2 6.13% $4,035
    CALIBER HOME LOANS, INC. 2 7.31% $7,068
    GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION 2 6.56% $6,019
    EVERETT FINANCIAL, INC. 2 6.69% $11,847
    PRIMELENDING, A PLAINSCAPITAL COMPANY 2 7.75% $6,691
    SPACE COAST Credit Union 2 6.19% $608
    Flagstar Bank, FSB 2 7.88% $6,227
    Citizens Bank 2 7.19% $6,055
    LOANPAL, LLC 1 6.38% $0
    Loan Simple, Inc. 1 7.88% $10,845
    Mr. Cooper ( Nationstar Mortgage ) 1 5.99% $19,897
    Nations Lending Corporation 1 6.63% $7,649
    Northpointe Bank 1 9.25% $18,049
    PNC Bank 1 7.25% $4,783
    PREMIA MORTGAGE, LLC 1 6.13% $3,617
    PRIMARY RESIDENTIAL MORTGAGE, INC. 1 6.75% $12,232
    PROVIDENT FUNDING ASSOCIATES, L.P. 1 7.00% $5,137
    Seacoast National Bank 1 7.38% $7,845
    STOCKTON MORTGAGE CORPORATION 1 6.88% $10,276
    Suncoast Credit Union 1 5.88% $3,346
    SWBC MORTGAGE CORPORATION 1 0.00% $0
    The Federal Savings Bank 1 7.13% $6,680
    THE MORTGAGE FIRM, INC. 1 6.00% $6,589
    Truist 1 7.13% $5,006
    USAA Federal Savings Bank 1 6.50% $6,516
    Waterstone Mortgage Corporation 1 6.13% $10,764
    Wells Fargo Bank 1 6.00% $2,301
    Ally Bank 1 7.38% $3,027
    AMERICAN BANCSHARES MORTGAGE 1 7.13% $12,608
    AMERICAN FINANCIAL RESOURCES, INC. 1 6.88% $8,840
    AmeriHome Mortgage Company, LLC 1 6.99% $8,591
    ARC HOME LLC 1 5.99% $5,861
    Bank of America 1 6.88% $5,053
    Bank of England 1 7.50% $6,526
    BAY EQUITY LLC 1 6.88% $10,041
    BROKER SOLUTIONS, INC. 1 6.63% $8,142
    CALCON MUTUAL MORTGAGE LLC 1 6.63% $7,518
    CARDINAL FINANCIAL 1 6.38% $12,948
    Carrington Mortgage Services, LLC 1 7.50% $18,608
    City National Bank 1 5.90% $5,364
    CROSSCOUNTRY MORTGAGE, LLC 1 6.13% $10,294
    FIRST MORTGAGE COMPANY, INC. 1 6.75% $7,756
    Franklin Loan Corporation 1 6.38% $7,563
    FUNDLOANS CAPITAL 1 8.25% $13,980
    HIGHLANDS RESIDENTIAL MORTGAGE, LTD. 1 6.88% $6,240
    HOMEOWNERS FINANCIAL GROUP USA, LLC 1 6.63% $6,756
    ITHINK FINANCIAL Credit Union 1 7.00% $3,095
    JMAC LENDING, INC. 1 6.88% $4,429
    LAKEVIEW LOAN SERVICING, LLC 1 6.50% $6,386
    LEADERONE FINANCIAL CORPORATION 1 7.99% $6,456

    Okeechobee Average Closing Costs & Other Stats

    Okeechobee, FL's 66 lenders originated 643 loans during 2023. The total origination value was $133,645,000, with an average loan value of $207,846.

    Okeechobee's average closing costs are $6,558.

    The top Okeechobee lender as defined by loan originations is UNITED WHOLESALE MORTGAGE, LLC, with 30 loans originated. Their average total fees are $6,915, which is $520 lower than the next largest lender, QUICKEN LOANS, LLC.

    The lowest fee Okeechobee lenders (with over 10 loans originated) are South State Bank ($4,986), UNITED WHOLESALE MORTGAGE, LLC ($6,915), GENEVA FINANCIAL, LLC ($7,118), QUICKEN LOANS, LLC ($7,435) and LOANDEPOT.COM, LLC ($7,471).

    The lowest rate Okeechobee lenders (with over 10 loans originated) are QUICKEN LOANS, LLC (6.86%), LOANDEPOT.COM, LLC (6.86%), UNITED WHOLESALE MORTGAGE, LLC (6.93%), South State Bank (6.99%) and GENEVA FINANCIAL, LLC (7.13%).

    Okeechobee, FL 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
    UNITED WHOLESALE MORTGAGE, LLC $11,800,000 $16,950,000 43.6% 12.7%
    QUICKEN LOANS, LLC $10,605,000 $7,355,000 -30.6% 5.5%
    South State Bank $11,210,000 $6,380,000 -43.1% 4.8%
    LOANDEPOT.COM, LLC $8,620,000 $6,280,000 -27.1% 4.7%
    GENEVA FINANCIAL, LLC $1,550,000 $4,975,000 221.0% 3.7%
    JPMorgan Chase Bank $360,000 $4,935,000 1,270.8% 3.7%
    21ST MORTGAGE CORPORATION $3,795,000 $4,465,000 17.7% 3.3%
    Seacoast National Bank $2,975,000 $3,615,000 21.5% 2.7%
    METROPLEX MORTGAGE SERVICES, INC. $1,495,000 $3,570,000 138.8% 2.7%
    MIDFLORIDA $5,880,000 $3,385,000 -42.4% 2.5%
    FREEDOM MORTGAGE CORPORATION $1,855,000 $2,785,000 50.1% 2.1%
    ACOPIA, LLC $1,300,000 $2,625,000 101.9% 2.0%
    Valley National Bank $2,505,000 n/a 1.9%
    CROSSCOUNTRY MORTGAGE, LLC $3,730,000 $2,310,000 -38.1% 1.7%
    TRIAD FINANCIAL SERVICES, INC. $785,000 $2,045,000 160.5% 1.5%
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION $1,285,000 $1,850,000 44.0% 1.4%
    PNC Bank $4,555,000 $1,840,000 -59.6% 1.4%
    Mortgage Research Center, LLC $3,920,000 $1,785,000 -54.5% 1.3%
    NAVY FEDERAL CREDIT UNION $1,235,000 $1,640,000 32.8% 1.2%
    Waterstone Mortgage Corporation $205,000 $1,595,000 678.0% 1.2%
    Carrington Mortgage Services, LLC $345,000 $1,350,000 291.3% 1.0%
    NFM, INC. $205,000 $1,335,000 551.2% 1.0%
    EVERETT FINANCIAL, INC. $1,980,000 $1,280,000 -35.4% 1.0%
    MID AMERICA MORTGAGE, INC. $635,000 $1,210,000 90.6% 0.9%
    Bank of America $1,270,000 $1,185,000 -6.7% 0.9%
    LAKEVIEW LOAN SERVICING, LLC $940,000 $1,090,000 16.0% 0.8%
    NEWREZ LLC $115,000 $1,085,000 843.5% 0.8%
    PENNYMAC LOAN SERVICES, LLC $525,000 $1,015,000 93.3% 0.8%
    CARDINAL FINANCIAL $1,305,000 $1,010,000 -22.6% 0.8%
    EMM LOANS LLC $395,000 $1,005,000 154.4% 0.8%
    Truist $870,000 $1,000,000 14.9% 0.7%
    SPACE COAST Credit Union $990,000 n/a 0.7%
    AMERICAN FINANCIAL RESOURCES, INC. $395,000 $945,000 139.2% 0.7%
    Flagstar Bank, FSB $1,970,000 $940,000 -52.3% 0.7%
    Regions Bank $540,000 $900,000 66.7% 0.7%
    RF Renovo Management Company, LLC $840,000 n/a 0.6%
    Wells Fargo Bank $2,210,000 $830,000 -62.4% 0.6%
    Bell Bank $370,000 $805,000 117.6% 0.6%
    SOUTHWEST STAGE FUNDING, LLC $790,000 n/a 0.6%
    GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION $1,545,000 $750,000 -51.5% 0.6%
    Paramount Residential Mortgage Group, Inc. $1,820,000 $740,000 -59.3% 0.6%
    VILLAGE CAPITAL MORTGAGE $720,000 n/a 0.5%
    AmeriHome Mortgage Company, LLC $135,000 $715,000 429.6% 0.5%
    Mr. Cooper ( Nationstar Mortgage ) $1,975,000 $690,000 -65.1% 0.5%
    TOWNE MORTGAGE COMPANY $675,000 n/a 0.5%
    PRIMELENDING, A PLAINSCAPITAL COMPANY $950,000 $660,000 -30.5% 0.5%
    SUN WEST MORTGAGE COMPANY, INC. $125,000 $660,000 428.0% 0.5%
    Northpointe Bank $655,000 n/a 0.5%
    MOVEMENT MORTGAGE, LLC $515,000 $595,000 15.5% 0.4%
    GUARANTEED RATE AFFINITY, LLC $590,000 n/a 0.4%
    LEADERONE FINANCIAL CORPORATION $590,000 n/a 0.4%
    SWBC MORTGAGE CORPORATION $825,000 $585,000 -29.1% 0.4%
    ABSOLUTE HOME MORTGAGE CORPORATION $295,000 $580,000 96.6% 0.4%
    Century Mortgage Company DBA Century Lending Company $560,000 n/a 0.4%
    BROKER SOLUTIONS, INC. $1,920,000 $550,000 -71.4% 0.4%
    AMERISAVE MORTGAGE CORPORATION $585,000 $545,000 -6.8% 0.4%
    JMAC LENDING, INC. $540,000 n/a 0.4%
    NEW DAY FINANCIAL, LLC $530,000 n/a 0.4%
    MICHIGAN MUTUAL, INC. $520,000 n/a 0.4%
    BAY EQUITY LLC $490,000 n/a 0.4%
    Heartland National Bank $285,000 $485,000 70.2% 0.4%
    1ST SIGNATURE LENDING, LLC $715,000 $480,000 -32.9% 0.4%
    Citizens Bank $770,000 $460,000 -40.3% 0.3%
    FUNDLOANS CAPITAL $435,000 n/a 0.3%
    AMERICAN FINANCIAL NETWORK, INC. $430,000 n/a 0.3%
    First Bank $595,000 $430,000 -27.7% 0.3%
    CALIBER HOME LOANS, INC. $3,070,000 $410,000 -86.6% 0.3%
    TOP FLITE FINANCIAL, INC. $390,000 n/a 0.3%
    Wauchula State Bank $385,000 n/a 0.3%
    ANGEL OAK MORTGAGE SOLUTIONS LLC $245,000 $365,000 49.0% 0.3%
    Fifth Third Bank $365,000 n/a 0.3%
    HOMESIDE FINANCIAL, LLC $575,000 $360,000 -37.4% 0.3%
    PREMIA MORTGAGE, LLC $215,000 $355,000 65.1% 0.3%
    AMERICAN PACIFIC MORTGAGE CORPORATION $740,000 $345,000 -53.4% 0.3%
    ITHINK FINANCIAL Credit Union $370,000 $335,000 -9.5% 0.3%
    THE MORTGAGE FIRM, INC. $1,100,000 $335,000 -69.5% 0.3%
    PROVIDENT FUNDING ASSOCIATES, L.P. $275,000 $315,000 14.5% 0.2%
    City National Bank $305,000 n/a 0.2%
    Loan Simple, Inc. $305,000 n/a 0.2%
    HOMEXPRESS MORTGAGE CORP. $370,000 $295,000 -20.3% 0.2%
    FBC MORTGAGE, LLC $285,000 n/a 0.2%
    PRIMARY RESIDENTIAL MORTGAGE, INC. $335,000 $285,000 -14.9% 0.2%
    GUARANTEED RATE, INC. $810,000 $275,000 -66.0% 0.2%
    Nations Lending Corporation $1,530,000 $270,000 -82.4% 0.2%
    STOCKTON MORTGAGE CORPORATION $195,000 $270,000 38.5% 0.2%
    Ally Bank $255,000 n/a 0.2%
    AMERICAN BANCSHARES MORTGAGE $385,000 $255,000 -33.8% 0.2%
    AMERICAN NATIONWIDE MORTGAGE COMPANY, INC. $255,000 n/a 0.2%
    First-Citizens Bank & Trust Company $925,000 $255,000 -72.4% 0.2%
    GSF Mortgage Corporation $185,000 $255,000 37.8% 0.2%
    USAA Federal Savings Bank $155,000 $235,000 51.6% 0.2%
    Discover Bank $225,000 n/a 0.2%
    ENVOY MORTGAGE, LTD $225,000 n/a 0.2%
    Barrington Bank & Trust Company, N.A. $305,000 $215,000 -29.5% 0.2%
    Franklin Loan Corporation $215,000 n/a 0.2%
    Mid-Continent Funding, Inc. $205,000 $215,000 4.9% 0.2%
    The Federal Savings Bank $610,000 $215,000 -64.8% 0.2%
    Lend Smart Mortgage, LLC $205,000 n/a 0.2%
    LENDSURE MORTGAGE CORP. $205,000 n/a 0.2%
    FIRST MORTGAGE COMPANY, INC. $195,000 n/a 0.1%
    Bank of England $175,000 n/a 0.1%
    HOMEOWNERS FINANCIAL GROUP USA, LLC $265,000 $175,000 -34.0% 0.1%
    HIGHLANDS RESIDENTIAL MORTGAGE, LTD. $165,000 n/a 0.1%
    MUTUAL OF OMAHA MORTGAGE, INC. $165,000 n/a 0.1%
    ARC HOME LLC $155,000 n/a 0.1%
    LENDINGHOME FUNDING CORPORATION $570,000 $155,000 -72.8% 0.1%
    Suncoast Credit Union $225,000 $145,000 -35.6% 0.1%
    CIVIC FINANCIAL SERVICES, LLC $440,000 $135,000 -69.3% 0.1%
    ROYAL UNITED MORTGAGE LLC $260,000 $130,000 -50.0% 0.1%
    LOANPAL, LLC $450,000 $125,000 -72.2% 0.1%
    First Grayson Bank $115,000 n/a 0.1%
    UNION HOME MORTGAGE CORP. $115,000 n/a 0.1%
    First American Bank $105,000 n/a 0.1%
    LONGBRIDGE FINANCIAL, LLC $105,000 n/a 0.1%
    PLANET HOME LENDING, LLC $410,000 $105,000 -74.4% 0.1%
    Wood & Huston Bank $105,000 n/a 0.1%
    Coastal Community Bank $100,000 n/a 0.1%
    CALCON MUTUAL MORTGAGE LLC $95,000 n/a 0.1%
    Third Federal Savings and Loan Association of Cleveland $85,000 n/a 0.1%
    Figure Lending LLC $35,000 $80,000 128.6% 0.1%
    RUOFF MORTGAGE COMPANY, INC. $75,000 n/a 0.1%
    Sierra Pacific Mortgage Company, Inc. $75,000 n/a 0.1%
    CEDAR FALLS COMMUNITY CREDIT UNION $65,000 n/a 0.0%

    Okeechobee's top lender by overall market share is UNITED WHOLESALE MORTGAGE, LLC, with 12.7% market share. In second place, with 5.5%, is QUICKEN LOANS, LLC, having originated $7,355,000 in loans. In third place, with 4.8%, is South State Bank, having originated $6,380,000 in loans. In fourth place, with 4.7%, is LOANDEPOT.COM, LLC, having originated $6,280,000 in loans. In fifth place, with 3.7%, is GENEVA FINANCIAL, LLC, having originated $4,975,000 in loans.

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

    Realtor.com - Okeechobee (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 $145,425 (-2.5%) $217,753 (6.9%) 0.00 152
    2018-02-01 $139,900 (1.8%) $205,282 (5.8%) 0.00 155
    2018-03-01 $137,450 (5.7%) $197,767 (3.6%) 0.00 141
    2018-04-01 $125,450 (-14.7%) $194,533 (-2.2%) 0.00 142
    2018-05-01 $123,975 (-13.7%) $211,522 (6.5%) 0.00 154
    2018-06-01 $143,000 (-2.7%) $242,029 (20.7%) 0.00 153
    2018-07-01 $156,725 (5.2%) $247,902 (28.4%) 0.00 156
    2018-08-01 $146,225 (-2.2%) $222,431 (13.0%) 0.00 161
    2018-09-01 $164,500 (9.7%) $219,207 (3.1%) 0.00 167
    2018-10-01 $162,125 (-0.6%) $215,821 (-3.3%) 0.00 168
    2018-11-01 $168,125 (14.6%) $217,288 (-0.8%) 0.00 181
    2018-12-01 $169,500 (16.1%) $229,653 (6.4%) 0.00 181
    2019-01-01 $178,350 (22.6%) $232,594 (6.8%) 0.00 189
    2019-02-01 $184,700 (32.0%) $229,327 (11.7%) 0.00 183
    2019-03-01 $175,464 (27.7%) $232,845 (17.7%) 0.00 195
    2019-04-01 $180,625 (44.0%) $251,817 (29.5%) 0.00 195
    2019-05-01 $219,225 (76.8%) $302,921 (43.2%) 0.00 145
    2019-06-01 $204,000 (42.7%) $275,489 (13.8%) 0.00 156
    2019-07-01 $199,900 (27.6%) $252,036 (1.7%) 0.00 154
    2019-08-01 $199,655 (36.5%) $247,318 (11.2%) 0.00 153
    2019-09-01 $199,286 (21.2%) $245,680 (12.1%) 0.00 159
    2019-10-01 $199,000 (22.7%) $244,588 (13.3%) 0.00 162
    2019-11-01 $214,500 (27.6%) $252,092 (16.0%) 0.00 173
    2019-12-01 $217,000 (28.0%) $264,108 (15.0%) 0.00 171
    2020-01-01 $222,000 (24.5%) $272,003 (16.9%) 0.00 167
    2020-02-01 $225,000 (21.8%) $264,917 (15.5%) 0.00 163
    2020-03-01 $226,000 (28.8%) $264,111 (13.4%) 0.00 148
    2020-04-01 $225,000 (24.6%) $250,242 (-0.6%) 0.00 152
    2020-05-01 $229,000 (4.5%) $441,832 (45.9%) 0.00 133
    2020-06-01 $222,500 (9.1%) $453,427 (64.6%) 0.00 123
    2020-07-01 $225,000 (12.6%) $484,275 (92.1%) 0.00 112
    2020-08-01 $208,000 (4.2%) $500,649 (102.4%) 0.00 100
    2020-09-01 $202,000 (1.4%) $523,363 (113.0%) 0.00 97
    2020-10-01 $218,000 (9.6%) $539,732 (120.7%) 0.00 96
    2020-11-01 $218,500 (1.9%) $530,567 (110.5%) 0.00 103
    2020-12-01 $229,475 (5.8%) $533,929 (102.2%) 0.00 108
    2021-01-01 $221,000 (-0.5%) $569,276 (109.3%) 0.00 96
    2021-02-01 $232,425 (3.3%) $585,937 (121.2%) 0.00 93
    2021-03-01 $250,725 (10.9%) $348,936 (32.1%) 0.00 85
    2021-04-01 $250,975 (11.5%) $345,787 (38.2%) 0.00 65
    2021-05-01 $239,950 (4.8%) $346,803 (-21.5%) 0.00 69
    2021-06-01 $228,500 (2.7%) $550,388 (21.4%) 0.00 72
    2021-07-01 $249,900 (11.1%) $547,824 (13.1%) 0.00 74
    2021-08-01 $275,000 (32.2%) $554,358 (10.7%) 0.00 83
    2021-09-01 $275,000 (36.1%) $549,057 (4.9%) 0.00 96
    2021-10-01 $320,000 (46.8%) $596,327 (10.5%) 0.00 81
    2021-11-01 $345,750 (58.2%) $658,440 (24.1%) 0.00 71
    2021-12-01 $357,000 (55.6%) $644,397 (20.7%) 0.00 75
    2022-01-01 $349,500 (58.1%) $714,777 (25.6%) 0.00 67
    2022-02-01 $351,998 (51.5%) $749,767 (28.0%) 0.00 57
    2022-03-01 $366,490 (46.2%) $829,285 (137.7%) 0.00 48
    2022-04-01 $358,985 (43.0%) $802,283 (132.0%) 0.00 46
    2022-05-01 $377,988 (57.5%) $726,851 (109.6%) 0.00 59
    2022-06-01 $359,000 (57.1%) $649,574 (18.0%) 0.00 73
    2022-07-01 $349,000 (39.7%) $598,463 (9.2%) 0.00 100
    2022-08-01 $354,000 (28.7%) $575,398 (3.8%) 0.00 106
    2022-09-01 $349,475 (27.1%) $563,206 (2.6%) 0.00 114
    2022-10-01 $352,000 (10.0%) $591,636 (-0.8%) 0.00 121
    2022-11-01 $334,050 (-3.4%) $558,402 (-15.2%) 0.00 128
    2022-12-01 $329,500 (-7.7%) $427,490 (-33.7%) 0.00 118
    2023-01-01 $324,200 (-7.2%) $474,698 (-33.6%) 0.00 122
    2023-02-01 $325,000 (-7.7%) $544,272 (-27.4%) 0.00 124
    2023-03-01 $326,250 (-11.0%) $565,669 (-31.8%) 0.00 111
    2023-04-01 $299,900 (-16.5%) $534,046 (-33.4%) 0.00 111
    2023-05-01 $345,500 (-8.6%) $579,944 (-20.2%) 0.00 106
    2023-06-01 $329,975 (-8.1%) $571,771 (-12.0%) 0.00 109
    2023-07-01 $339,500 (-2.7%) $557,420 (-6.9%) 0.00 119
    2023-08-01 $340,500 (-3.8%) $506,889 (-11.9%) 0.00 122
    2023-09-01 $320,000 (-8.4%) $551,919 (-2.0%) 0.00 134
    2023-10-01 $330,500 (-6.1%) $720,529 (21.8%) 0.00 124
    2023-11-01 $327,000 (-2.1%) $745,974 (33.6%) 0.00 125
    2023-12-01 $329,000 (-0.2%) $759,252 (77.6%) 0.00 135
    2024-01-01 $343,725 (6.0%) $747,640 (57.5%) 0.00 143
    2024-02-01 $349,000 (7.4%) $761,105 (39.8%) 0.00 135
    2024-03-01 $349,450 (7.1%) $742,519 (31.3%) 0.00 136
    Okeechobee's median listing price for 2024-03-01 was $349,450, a difference of $23,200 (7.1%) versus the prior year and $450 versus the prior month.

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

    Okeechobee's average listing price for 2024-03-01 was $742,519, a difference of $176,850 (31.3%) versus the prior year and $-18,586 versus the prior month.

    For the 2024-03-01 period, Okeechobee had 136 MLS listings, a difference of 1 listings (1%) versus the prior month and 25 listings (23%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Okeechobee (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 1,310 sqft
    2018-02-01 0 days 1,237 sqft
    2018-03-01 0 days 1,280 sqft
    2018-04-01 0 days 1,213 sqft
    2018-05-01 0 days 1,307 sqft
    2018-06-01 0 days 1,368 sqft
    2018-07-01 0 days 1,506 sqft
    2018-08-01 0 days 1,487 sqft
    2018-09-01 0 days 1,505 sqft
    2018-10-01 0 days 1,517 sqft
    2018-11-01 0 days 1,525 sqft
    2018-12-01 0 days 1,530 sqft
    2019-01-01 0 days 1,530 sqft
    2019-02-01 0 days 1,494 sqft
    2019-03-01 0 days 1,505 sqft
    2019-04-01 0 days 1,533 sqft
    2019-05-01 0 days 1,694 sqft
    2019-06-01 0 days 1,667 sqft
    2019-07-01 0 days 1,632 sqft
    2019-08-01 0 days 1,628 sqft
    2019-09-01 0 days 1,649 sqft
    2019-10-01 0 days 1,664 sqft
    2019-11-01 0 days 1,635 sqft
    2019-12-01 0 days 1,637 sqft
    2020-01-01 0 days 1,660 sqft
    2020-02-01 0 days 1,656 sqft
    2020-03-01 0 days 1,657 sqft
    2020-04-01 0 days 1,582 sqft
    2020-05-01 0 days 1,568 sqft
    2020-06-01 0 days 1,548 sqft
    2020-07-01 0 days 1,507 sqft
    2020-08-01 0 days 1,485 sqft
    2020-09-01 0 days 1,485 sqft
    2020-10-01 0 days 1,582 sqft
    2020-11-01 0 days 1,605 sqft
    2020-12-01 0 days 1,688 sqft
    2021-01-01 0 days 1,638 sqft
    2021-02-01 0 days 1,762 sqft
    2021-03-01 0 days 1,791 sqft
    2021-04-01 0 days 1,731 sqft
    2021-05-01 0 days 1,535 sqft
    2021-06-01 0 days 1,503 sqft
    2021-07-01 0 days 1,548 sqft
    2021-08-01 0 days 1,680 sqft
    2021-09-01 0 days 1,699 sqft
    2021-10-01 0 days 1,721 sqft
    2021-11-01 0 days 1,820 sqft
    2021-12-01 0 days 1,818 sqft
    2022-01-01 0 days 1,741 sqft
    2022-02-01 0 days 1,698 sqft
    2022-03-01 0 days 1,683 sqft
    2022-04-01 0 days 1,715 sqft
    2022-05-01 0 days 1,639 sqft
    2022-06-01 0 days 1,590 sqft
    2022-07-01 0 days 1,562 sqft
    2022-08-01 0 days 1,665 sqft
    2022-09-01 0 days 1,661 sqft
    2022-10-01 0 days 1,566 sqft
    2022-11-01 0 days 1,506 sqft
    2022-12-01 0 days 1,524 sqft
    2023-01-01 0 days 1,526 sqft
    2023-02-01 0 days 1,553 sqft
    2023-03-01 0 days 1,593 sqft
    2023-04-01 0 days 1,569 sqft
    2023-05-01 0 days 1,646 sqft
    2023-06-01 0 days 1,647 sqft
    2023-07-01 0 days 1,641 sqft
    2023-08-01 0 days 1,693 sqft
    2023-09-01 0 days 1,565 sqft
    2023-10-01 0 days 1,567 sqft
    2023-11-01 0 days 1,553 sqft
    2023-12-01 0 days 1,525 sqft
    2024-01-01 0 days 1,519 sqft
    2024-02-01 0 days 1,573 sqft
    2024-03-01 0 days 1,547 sqft
    Okeechobee's median listing age (time on market) for 2024-03-01 was 0 days.

    Okeechobee's median square footage for active listings during the 2024-03-01 period was 1,547 sqft. One year prior, the average listing was 1,593 sqft.

    Okeechobee, FL Market Loan Reason

    Loan Purpose Originations Total Value Average Loan
    Home Purchase 447 $102,635,000 $229,609
    Cash Out Refi 77 $19,025,000 $247,078
    Home Improvement 57 $4,665,000 $81,842
    Other 36 $4,080,000 $113,333
    Refi 26 $3,240,000 $124,615

    Okeechobee's most frequently cited loan purpose was Home Purchase, with 447 originations. The 2nd most popular reason was Cash Out Refi, with 77 originations.

    Interest Rate Frequencies

    Loan Rate Originations Total Value Average Loan
    6-7% 254 $61,780,000 $243,228
    7-8% 179 $37,625,000 $210,196
    Over 8% 96 $12,580,000 $131,042
    5-6% 71 $16,715,000 $235,423
    <2.5% 20 $280,000 $14,000
    4-5% 10 $1,620,000 $162,000
    3-4% 3 $295,000 $98,333

    During 2023, Okeechobee's most frequently originated rate bucket was 6-7%, with 254 originations.

    Loan Sizing (Okeechobee, FL MSA)

    Loan Size Originations Total Value Average Loan
    $200k-400k 264 $70,960,000 $268,788
    $100k-200k 223 $34,775,000 $155,942
    $100,000 or less 125 $6,325,000 $50,600
    $400k-600k 25 $12,105,000 $484,200
    $600k-1000k 4 $2,570,000 $642,500
    $Over $1MM 2 $6,910,000 $3,455,000

    Okeechobee's loan sizing saw the bucket of loans from $200k-400k with 264 originations, totaling $70,960,000 in origination value.

    LTV Distribution

    Loan to Value Originations Total Value Average Loan
    80-100% 319 $76,815,000 $240,799
    60-80% 113 $31,845,000 $281,814
    Under 20% 82 $3,180,000 $38,780
    40-60% 55 $9,445,000 $171,727
    20-40% 51 $5,645,000 $110,686
    Over 100% 9 $2,425,000 $269,444

    Okeechobee's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 319 originations, totaling $76,815,000 in origination value.