Okeechobee Mortgage Rates & Closing Costs

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

30 Year Fixed Rate mortgages in Okeechobee averaged 7.11% for the week of 2024-05-09, compared to the national average of 7.09% for the same period.

The average rate for the prior week (2024-05-02) was 7.34% and one month ago for the week of 2024-04-04, the average rate was 6.84%.

Okeechobee's average rate one year ago was 6.41%.

For refis of the same type during the week of 2024-05-09, the average rate was 7.19%.

Loan Type Date Rate
US 30 Year Fixed Rate 2024-05-09 7.09%
Okeechobee 30 Year Fixed Rate 2024-05-09 7.11%
Okeechobee 30 Year Fixed Rate Refi 2024-05-09 7.19%
Okeechobee 15 Year Fixed Rate 2024-05-09 6.28%
Okeechobee 15 Year Fixed Rate Refi 2024-05-09 6.88%
Okeechobee 30 Year FHA 2024-05-09 6.57%
Okeechobee 30 Year FHA Refi 2024-05-09 6.79%
Okeechobee 30 Year USDA 2024-05-09 6.99%
Okeechobee 30 Year USDA Refi 2024-05-09 6.59%
Okeechobee 30 Year VA 2024-05-09 6.39%
Okeechobee 30 Year VA Refi 2024-05-09 6.39%
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
2024-04-01 $341,950 (14.0%) $734,810 (37.6%) 0.00 135
Okeechobee's median listing price for 2024-04-01 was $341,950, a difference of $42,050 (14.0%) versus the prior year and $-7,500 versus the prior month.

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

Okeechobee's average listing price for 2024-04-01 was $734,810, a difference of $200,764 (37.6%) versus the prior year and $-7,709 versus the prior month.

For the 2024-04-01 period, Okeechobee had 135 MLS listings, a difference of -1 listings (-1%) versus the prior month and 24 listings (22%) 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
2024-04-01 0 days 1,505 sqft
Okeechobee's median listing age (time on market) for 2024-04-01 was 0 days.

Okeechobee's median square footage for active listings during the 2024-04-01 period was 1,505 sqft. One year prior, the average listing was 1,569 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.