Opelousas Mortgage Rates & Closing Costs

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

30 Year Fixed Rate mortgages in Opelousas averaged 6.96% 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 7.3% and one month ago for the week of 2024-03-07, the average rate was 7.26%.

Opelousas's average rate one year ago was 6.66%.

For refis of the same type during the week of 2024-04-11, the average rate was 7.48%.

Loan Type Date Rate
US 30 Year Fixed Rate 2024-04-11 6.88%
Opelousas 30 Year Fixed Rate 2024-04-11 6.96%
Opelousas 30 Year Fixed Rate Refi 2024-04-11 7.48%
Opelousas 15 Year Fixed Rate 2024-04-11 6.36%
Opelousas 15 Year Fixed Rate Refi 2024-04-11 6.16%
Opelousas 30 Year FHA 2024-04-11 6.35%
Opelousas 30 Year FHA Refi 2024-04-11 6.84%
Opelousas 30 Year USDA 2024-04-11 6.71%
Opelousas 30 Year USDA Refi 2024-04-11 6.71%
Opelousas 30 Year VA 2024-04-11 6.57%
Opelousas 30 Year VA Refi 2024-04-11 6.37%
Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations within Opelousas, LA.

Opelousas 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 Opelousas, LA 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
GMFS LLC 33 6.68% $5,222
QUICKEN LOANS, LLC 20 7.03% $6,428
UNITED WHOLESALE MORTGAGE, LLC 18 7.36% $6,036
EUSTIS AND AMERICAN MORTGAGE COMPANY 15 7.27% $6,798
PENNYMAC LOAN SERVICES, LLC 10 6.81% $6,527
First Horizon Bank 8 6.73% $3,932
JPMorgan Chase Bank 7 6.46% $3,368
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 6 6.95% $5,371
The Evangeline Bank & Trust Company 6 10.88% $1,399
Assurance Financial Group, L.L.C. 5 6.55% $5,425
UNION HOME MORTGAGE CORP. 5 6.00% $7,696
21ST MORTGAGE CORPORATION 4 8.24% $6,794
STANDARD MORTGAGE CORPORATION 3 6.96% $5,438
VANDERBILT MORTGAGE AND FINANCE, INC. 3 7.92% $6,892
Bank of England 3 6.54% $5,394
Home Bank 3 6.92% $4,237
FIDELITY BANK 3 7.71% $9,561
Wells Fargo Bank 2 7.13% $5,668
AMERICAN PACIFIC MORTGAGE CORPORATION 2 6.81% $5,793
Citizens Bank 2 7.31% $4,745
CROSSCOUNTRY MORTGAGE, LLC 2 7.41% $5,637
Equity Prime Mortgage LLC 2 6.63% $4,556
GENEVA FINANCIAL, LLC 2 6.13% $7,912
Hancock Whitney Bank 2 6.38% $3,132
LOANDEPOT.COM, LLC 2 7.37% $10,004
MERITUS Federal Credit Union 2 6.63% $5,167
PLAZA HOME MORTGAGE, INC. 2 7.00% $6,022
United Community Bank 2 6.87% $4,632
USAA Federal Savings Bank 2 5.88% $6,943
BancorpSouth 1 6.00% $3,470
MICHIGAN MUTUAL, INC. 1 8.00% $6,227
MOVEMENT MORTGAGE, LLC 1 6.13% $5,007
Mr. Cooper ( Nationstar Mortgage ) 1 7.49% $5,575
MUTUAL OF OMAHA MORTGAGE, INC. 1 6.88% $4,077
NAVY FEDERAL CREDIT UNION 1 5.50% $4,484
NP, Inc. 1 6.60% $2,807
Flagstar Bank, FSB 1 7.87% $4,959
Plains Commerce Bank 1 7.75% $8,235
Ally Bank 1 6.75% $8,289
FIRST COMMUNITY MORTGAGE, INC. 1 6.75% $2,786
Red River Bank 1 6.75% $4,339
Regions Bank 1 7.63% $3,607
Renasant Bank 1 7.00% $7,340
DSLD MORTGAGE, LLC 1 7.13% $6,311
DHI MORTGAGE COMPANY, LTD. 1 5.50% $3,055
The Loan Store, Inc. 1 7.50% $5,039
Truist 1 6.99% $5,331
COUNTRYPLACE MORTGAGE, LTD. 1 6.00% $9,498
ARK-LA-TEX FINANCIAL SERVICES, LLC. 1 7.13% $7,102
Gateway First Bank 1 6.00% $5,117
FREEDOM MORTGAGE CORPORATION 1 6.50% $16,340
LENDSURE MORTGAGE CORP. 1 8.88% $16,711
LIBERTY HOME MORTGAGE CORPORATION 1 6.88% $2,204
United Nations Federal Credit Union 1 5.00% $3,276

Opelousas Average Closing Costs & Other Stats

Opelousas, LA's 54 lenders originated 831 loans during 2023. The total origination value was $140,875,000, with an average loan value of $169,525.

Opelousas's average closing costs are $5,313.

The top Opelousas lender as defined by loan originations is GMFS LLC, with 33 loans originated. Their average total fees are $5,222, which is $1,207 lower than the next largest lender, QUICKEN LOANS, LLC.

The lowest fee Opelousas lenders (with over 10 loans originated) are GMFS LLC ($5,222), UNITED WHOLESALE MORTGAGE, LLC ($6,036), QUICKEN LOANS, LLC ($6,428), PENNYMAC LOAN SERVICES, LLC ($6,527) and EUSTIS AND AMERICAN MORTGAGE COMPANY ($6,798).

The lowest rate Opelousas lenders (with over 10 loans originated) are GMFS LLC (6.68%), PENNYMAC LOAN SERVICES, LLC (6.81%), QUICKEN LOANS, LLC (7.03%), EUSTIS AND AMERICAN MORTGAGE COMPANY (7.27%) and UNITED WHOLESALE MORTGAGE, LLC (7.36%).

Opelousas, LA 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
GMFS LLC $12,965,000 $11,630,000 -10.3% 8.3%
UNITED WHOLESALE MORTGAGE, LLC $13,375,000 $10,075,000 -24.7% 7.2%
QUICKEN LOANS, LLC $9,290,000 $8,955,000 -3.6% 6.4%
EUSTIS AND AMERICAN MORTGAGE COMPANY $5,570,000 $7,540,000 35.4% 5.4%
American Bank & Trust Company $7,300,000 n/a 5.2%
DHI MORTGAGE COMPANY, LTD. $1,285,000 $5,520,000 329.6% 3.9%
PENNYMAC LOAN SERVICES, LLC $3,480,000 $4,545,000 30.6% 3.2%
21ST MORTGAGE CORPORATION $3,835,000 $3,755,000 -2.1% 2.7%
The Evangeline Bank & Trust Company $7,240,000 $3,475,000 -52.0% 2.5%
Assurance Financial Group, L.L.C. $6,410,000 $3,345,000 -47.8% 2.4%
FAIRWAY INDEPENDENT MORTGAGE CORPORATION $4,005,000 $3,200,000 -20.1% 2.3%
First Horizon Bank $1,960,000 $3,130,000 59.7% 2.2%
NEWREZ LLC $295,000 $2,335,000 691.5% 1.7%
FIDELITY BANK $2,090,000 $2,315,000 10.8% 1.6%
PLAZA HOME MORTGAGE, INC. $1,225,000 $2,195,000 79.2% 1.6%
Jeff Davis Bancshares $2,980,000 $2,090,000 -29.9% 1.5%
Mortgage Research Center, LLC $4,525,000 $2,065,000 -54.4% 1.5%
BANK OF SUNSET AND TRUST CO $1,905,000 n/a 1.4%
VANDERBILT MORTGAGE AND FINANCE, INC. $2,385,000 $1,880,000 -21.2% 1.3%
AMERICAN PACIFIC MORTGAGE CORPORATION $605,000 $1,775,000 193.4% 1.3%
FREEDOM MORTGAGE CORPORATION $1,140,000 $1,490,000 30.7% 1.1%
UNION HOME MORTGAGE CORP. $1,180,000 $1,435,000 21.6% 1.0%
MID AMERICA MORTGAGE, INC. $1,065,000 $1,360,000 27.7% 1.0%
Abbeville Building & Loan (A State-Chartered Savings Bank) $3,530,000 $1,340,000 -62.0% 1.0%
STANDARD MORTGAGE CORPORATION $945,000 $1,285,000 36.0% 0.9%
Rayne Building and Loan Association $875,000 $1,270,000 45.1% 0.9%
Hancock Whitney Bank $3,275,000 $1,255,000 -61.7% 0.9%
CROSSCOUNTRY MORTGAGE, LLC $1,205,000 n/a 0.9%
Equity Prime Mortgage LLC $735,000 $1,200,000 63.3% 0.9%
Community First Bank $1,395,000 $1,045,000 -25.1% 0.7%
CSL Financial, LLC $860,000 $1,025,000 19.2% 0.7%
JPMorgan Chase Bank $2,775,000 $990,000 -64.3% 0.7%
Bank of England $765,000 $965,000 26.1% 0.7%
Washington State Bank $10,425,000 $955,000 -90.8% 0.7%
St Landry Bank & Trust Company $790,000 $950,000 20.3% 0.7%
GENEVA FINANCIAL, LLC $1,935,000 $910,000 -53.0% 0.6%
LOANDEPOT.COM, LLC $1,775,000 $805,000 -54.6% 0.6%
TRIAD FINANCIAL SERVICES, INC. $1,870,000 $765,000 -59.1% 0.5%
THE MORTGAGE FIRM, INC. $665,000 n/a 0.5%
Paramount Residential Mortgage Group, Inc. $460,000 $655,000 42.4% 0.5%
BankPlus $350,000 $635,000 81.4% 0.5%
NAVY FEDERAL CREDIT UNION $1,445,000 $615,000 -57.4% 0.4%
Wells Fargo Bank $795,000 $615,000 -22.6% 0.4%
United Community Bank $85,000 $610,000 617.6% 0.4%
Citizens Bank $3,400,000 $605,000 -82.2% 0.4%
STOCKTON MORTGAGE CORPORATION $605,000 n/a 0.4%
LIBERTY HOME MORTGAGE CORPORATION $600,000 n/a 0.4%
ARK-LA-TEX FINANCIAL SERVICES, LLC. $595,000 n/a 0.4%
Home Bank $1,785,000 $535,000 -70.0% 0.4%
MERITUS Federal Credit Union $755,000 $535,000 -29.1% 0.4%
AMERICAN FINANCIAL RESOURCES, INC. $2,260,000 $530,000 -76.5% 0.4%
Renasant Bank $520,000 n/a 0.4%
LENDSURE MORTGAGE CORP. $505,000 n/a 0.4%
Victorian Finance, LLC $505,000 n/a 0.4%
Plains Commerce Bank $135,000 $500,000 270.4% 0.4%
PLANET HOME LENDING, LLC $1,110,000 $490,000 -55.9% 0.3%
Farmers-Merchants Bank & Trust Company $1,670,000 $475,000 -71.6% 0.3%
Farmers State Bank & Trust Co. $470,000 n/a 0.3%
Rayne State Bank & Trust Company $1,025,000 $465,000 -54.6% 0.3%
MUTUAL OF OMAHA MORTGAGE, INC. $450,000 n/a 0.3%
USAA Federal Savings Bank $495,000 $440,000 -11.1% 0.3%
b1BANK $555,000 $405,000 -27.0% 0.3%
Regions Bank $55,000 $380,000 590.9% 0.3%
SOUTHWEST STAGE FUNDING, LLC $330,000 $375,000 13.6% 0.3%
DSLD MORTGAGE, LLC $235,000 $365,000 55.3% 0.3%
Red River Bank $420,000 $365,000 -13.1% 0.3%
The Bank $980,000 $355,000 -63.8% 0.3%
RESIDENTIAL BANCORP $350,000 n/a 0.2%
The First National Bank of Jeanerette $1,455,000 $345,000 -76.3% 0.2%
First Guaranty Bank $875,000 $340,000 -61.1% 0.2%
SOUTHPOINT FINANCIAL SERVICES, INC. $135,000 $325,000 140.7% 0.2%
CATAHOULA LASALLE BANK $320,000 n/a 0.2%
MORTGAGE FINANCIAL SERVICES, LLC $4,930,000 $320,000 -93.5% 0.2%
ACADEMY MORTGAGE CORPORATION $315,000 n/a 0.2%
Gulf Coast Bank $200,000 $315,000 57.5% 0.2%
Investar Bank $180,000 $315,000 75.0% 0.2%
CSE Federal Credit Union $295,000 n/a 0.2%
FIRST COMMUNITY MORTGAGE, INC. $290,000 n/a 0.2%
CARDINAL FINANCIAL $1,170,000 $280,000 -76.1% 0.2%
AMERICAN HERITAGE LENDING, INC. $275,000 n/a 0.2%
UNITED BUILT HOMES, L.L.C. $275,000 n/a 0.2%
CIS Financial Services, Inc. $265,000 n/a 0.2%
GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION $260,000 n/a 0.2%
Ally Bank $135,000 $255,000 88.9% 0.2%
CREDIT HUMAN FEDERAL CREDIT UNION $170,000 $250,000 47.1% 0.2%
Summit Mortgage Corporation $250,000 n/a 0.2%
LAKEVIEW LOAN SERVICING, LLC $330,000 $245,000 -25.8% 0.2%
EFCU FINANCIAL $240,000 n/a 0.2%
Flagstar Bank, FSB $945,000 $235,000 -75.1% 0.2%
LEADERONE FINANCIAL CORPORATION $240,000 $235,000 -2.1% 0.2%
Pelican State Credit Union $2,185,000 $235,000 -89.2% 0.2%
Bank of America $230,000 n/a 0.2%
Mr. Cooper ( Nationstar Mortgage ) $2,550,000 $225,000 -91.2% 0.2%
United Nations Federal Credit Union $225,000 n/a 0.2%
BancorpSouth $1,905,000 $190,000 -90.0% 0.1%
RELIANCE FIRST CAPITAL, LLC $435,000 $185,000 -57.5% 0.1%
CLEARPATH LENDING $175,000 n/a 0.1%
CORNERSTONE HOME LENDING, INC. $175,000 n/a 0.1%
GUARANTEED RATE, INC. $505,000 $175,000 -65.3% 0.1%
ZILLOW HOME LOANS, LLC $175,000 n/a 0.1%
BRECO Federal Credit Union $170,000 n/a 0.1%
MOVEMENT MORTGAGE, LLC $135,000 $165,000 22.2% 0.1%
FINANCE OF AMERICA REVERSE LLC $155,000 n/a 0.1%
Prosperity Home Mortgage, LLC $155,000 n/a 0.1%
COUNTRYPLACE MORTGAGE, LTD. $135,000 n/a 0.1%
Barrington Bank & Trust Company, N.A. $125,000 n/a 0.1%
Bank of Abbeville & Trust Company $545,000 $115,000 -78.9% 0.1%
Gateway First Bank $115,000 n/a 0.1%
LIMA ONE CAPITAL, LLC $185,000 $115,000 -37.8% 0.1%
Discover Bank $140,000 $110,000 -21.4% 0.1%
Gulf Coast Bank and Trust Company $105,000 n/a 0.1%
MICHIGAN MUTUAL, INC. $115,000 $105,000 -8.7% 0.1%
NP, Inc. $105,000 n/a 0.1%
SPRING EQ, LLC $105,000 n/a 0.1%
SUN WEST MORTGAGE COMPANY, INC. $105,000 n/a 0.1%
The Loan Store, Inc. $105,000 n/a 0.1%
HOMESIDE FINANCIAL, LLC $475,000 $95,000 -80.0% 0.1%
NATIONS DIRECT MORTGAGE, LLC $75,000 n/a 0.1%
Nations Lending Corporation $600,000 $75,000 -87.5% 0.1%
ADVANCIAL $150,000 $65,000 -56.7% 0.0%
AMERISAVE MORTGAGE CORPORATION $1,680,000 $65,000 -96.1% 0.0%
Truist $65,000 n/a 0.0%
Bank of Erath $55,000 n/a 0.0%
Home Loan Investment Bank, F.S.B. $25,000 $50,000 100.0% 0.0%
Coastal Community Bank $45,000 n/a 0.0%
The Cottonport Bank $690,000 $45,000 -93.5% 0.0%
First South Farm Credit, ACA $35,000 n/a 0.0%
La Capitol Federal Credit Union $130,000 $35,000 -73.1% 0.0%
Campus Federal Credit Union $15,000 n/a 0.0%
Guaranty Bank and Trust Company $135,000 $15,000 -88.9% 0.0%

Opelousas's top lender by overall market share is GMFS LLC, with 8.3% market share. In second place, with 7.2%, is UNITED WHOLESALE MORTGAGE, LLC, having originated $10,075,000 in loans. In third place, with 6.4%, is QUICKEN LOANS, LLC, having originated $8,955,000 in loans. In fourth place, with 5.4%, is EUSTIS AND AMERICAN MORTGAGE COMPANY, having originated $7,540,000 in loans. In fifth place, with 5.2%, is American Bank & Trust Company, having originated $7,300,000 in loans.


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

Realtor.com - Opelousas (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 $135,000 (-1.8%) $187,158 (3.3%) 0.00 274
2018-02-01 $133,750 (-4.4%) $187,467 (0.2%) 0.00 281
2018-03-01 $130,000 (-11.6%) $191,078 (1.4%) 0.00 293
2018-04-01 $135,000 (-9.9%) $193,173 (1.5%) 0.00 287
2018-05-01 $139,125 (-8.9%) $204,388 (0.9%) 0.00 281
2018-06-01 $140,000 (-9.7%) $202,844 (-3.2%) 0.00 296
2018-07-01 $139,800 (-6.7%) $201,263 (-7.5%) 0.00 307
2018-08-01 $139,975 (-6.3%) $202,748 (-1.9%) 0.00 320
2018-09-01 $140,775 (-2.9%) $201,818 (2.8%) 0.00 314
2018-10-01 $140,000 (3.2%) $200,624 (2.1%) 0.00 326
2018-11-01 $143,000 (2.2%) $197,854 (1.2%) 0.00 323
2018-12-01 $146,500 (8.5%) $200,870 (7.2%) 0.00 309
2019-01-01 $146,750 (8.7%) $206,508 (10.3%) 0.00 292
2019-02-01 $147,500 (10.3%) $198,082 (5.7%) 0.00 300
2019-03-01 $147,857 (13.7%) $196,185 (2.7%) 0.00 295
2019-04-01 $145,000 (7.4%) $191,738 (-0.7%) 0.00 300
2019-05-01 $145,450 (4.6%) $196,072 (-4.1%) 0.00 298
2019-06-01 $146,450 (4.6%) $199,773 (-1.5%) 0.00 297
2019-07-01 $154,975 (10.9%) $203,477 (1.1%) 0.00 284
2019-08-01 $154,000 (10.0%) $203,184 (0.2%) 0.00 271
2019-09-01 $151,750 (7.8%) $201,161 (-0.3%) 0.00 263
2019-10-01 $149,950 (7.1%) $198,187 (-1.2%) 0.00 258
2019-11-01 $149,500 (4.6%) $189,057 (-4.5%) 0.00 262
2019-12-01 $144,000 (-1.7%) $184,801 (-8.0%) 0.00 267
2020-01-01 $143,000 (-2.6%) $182,363 (-11.7%) 0.00 258
2020-02-01 $142,000 (-3.7%) $187,866 (-5.2%) 0.00 259
2020-03-01 $148,000 (0.1%) $196,994 (0.4%) 0.00 259
2020-04-01 $149,000 (2.8%) $202,133 (5.4%) 0.00 257
2020-05-01 $149,750 (3.0%) $206,822 (5.5%) 0.00 238
2020-06-01 $156,500 (6.9%) $207,786 (4.0%) 0.00 227
2020-07-01 $155,975 (0.7%) $206,966 (1.7%) 0.00 207
2020-08-01 $158,000 (2.6%) $199,391 (-1.9%) 0.00 189
2020-09-01 $160,925 (6.1%) $216,169 (7.5%) 0.00 180
2020-10-01 $159,900 (6.6%) $216,768 (9.4%) 0.00 164
2020-11-01 $163,475 (9.4%) $227,945 (20.6%) 0.00 159
2020-12-01 $165,000 (14.6%) $244,476 (32.3%) 0.00 140
2021-01-01 $177,000 (23.8%) $253,073 (38.8%) 0.00 135
2021-02-01 $166,725 (17.4%) $257,495 (37.1%) 0.00 122
2021-03-01 $174,450 (17.9%) $268,734 (36.4%) 0.00 104
2021-04-01 $169,000 (13.4%) $258,361 (27.8%) 0.00 100
2021-05-01 $185,000 (23.5%) $277,961 (34.4%) 0.00 94
2021-06-01 $179,950 (15.0%) $273,612 (31.7%) 0.00 91
2021-07-01 $169,500 (8.7%) $265,843 (28.5%) 0.00 92
2021-08-01 $183,750 (16.3%) $271,747 (36.3%) 0.00 90
2021-09-01 $182,500 (13.4%) $272,248 (25.9%) 0.00 92
2021-10-01 $185,000 (15.7%) $282,849 (30.5%) 0.00 93
2021-11-01 $190,550 (16.6%) $306,667 (34.5%) 0.00 99
2021-12-01 $185,925 (12.7%) $289,806 (18.5%) 0.00 93
2022-01-01 $185,000 (4.5%) $284,138 (12.3%) 0.00 99
2022-02-01 $185,000 (11.0%) $282,109 (9.6%) 0.00 97
2022-03-01 $187,250 (7.3%) $262,243 (-2.4%) 0.00 107
2022-04-01 $188,700 (11.7%) $250,471 (-3.1%) 0.00 113
2022-05-01 $179,900 (-2.8%) $234,377 (-15.7%) 0.00 120
2022-06-01 $191,250 (6.3%) $245,110 (-10.4%) 0.00 117
2022-07-01 $205,000 (20.9%) $258,417 (-2.8%) 0.00 126
2022-08-01 $219,500 (19.5%) $261,191 (-3.9%) 0.00 137
2022-09-01 $213,875 (17.2%) $289,952 (6.5%) 0.00 147
2022-10-01 $201,750 (9.1%) $320,029 (13.1%) 0.00 162
2022-11-01 $214,375 (12.5%) $336,622 (9.8%) 0.00 163
2022-12-01 $225,000 (21.0%) $348,472 (20.2%) 0.00 150
2023-01-01 $228,500 (23.5%) $343,310 (20.8%) 0.00 152
2023-02-01 $225,000 (21.6%) $335,943 (19.1%) 0.00 162
2023-03-01 $224,000 (19.6%) $331,519 (26.4%) 0.00 160
2023-04-01 $224,500 (19.0%) $336,860 (34.5%) 0.00 147
2023-05-01 $198,750 (10.5%) $325,673 (39.0%) 0.00 151
2023-06-01 $199,000 (4.1%) $321,102 (31.0%) 0.00 159
2023-07-01 $214,500 (4.6%) $326,398 (26.3%) 0.00 165
2023-08-01 $214,625 (-2.2%) $338,327 (29.5%) 0.00 175
2023-09-01 $210,000 (-1.8%) $322,421 (11.2%) 0.00 178
2023-10-01 $205,750 (2.0%) $293,296 (-8.4%) 0.00 197
2023-11-01 $209,000 (-2.5%) $283,350 (-15.8%) 0.00 210
2023-12-01 $200,000 (-11.1%) $277,779 (-20.3%) 0.00 207
2024-01-01 $197,625 (-13.5%) $276,058 (-19.6%) 0.00 211
2024-02-01 $198,250 (-11.9%) $277,406 (-17.4%) 0.00 216
2024-03-01 $194,999 (-13.0%) $266,904 (-19.5%) 0.00 225
Opelousas's median listing price for 2024-03-01 was $194,999, a difference of $-29,001 (-13.0%) versus the prior year and $-3,251 versus the prior month.

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

Opelousas's average listing price for 2024-03-01 was $266,904, a difference of $-64,615 (-19.5%) versus the prior year and $-10,502 versus the prior month.

For the 2024-03-01 period, Opelousas had 225 MLS listings, a difference of 9 listings (4%) versus the prior month and 65 listings (41%) versus the prior year.

Median Listing Time on Market & Square Footage

Realtor.com - Opelousas (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Time on Market Median Square Footage
2018-01-01 0 days 1,700 sqft
2018-02-01 0 days 1,708 sqft
2018-03-01 0 days 1,707 sqft
2018-04-01 0 days 1,704 sqft
2018-05-01 0 days 1,748 sqft
2018-06-01 0 days 1,800 sqft
2018-07-01 0 days 1,777 sqft
2018-08-01 0 days 1,794 sqft
2018-09-01 0 days 1,736 sqft
2018-10-01 0 days 1,743 sqft
2018-11-01 0 days 1,780 sqft
2018-12-01 0 days 1,800 sqft
2019-01-01 0 days 1,813 sqft
2019-02-01 0 days 1,798 sqft
2019-03-01 0 days 1,773 sqft
2019-04-01 0 days 1,754 sqft
2019-05-01 0 days 1,794 sqft
2019-06-01 0 days 1,802 sqft
2019-07-01 0 days 1,826 sqft
2019-08-01 0 days 1,822 sqft
2019-09-01 0 days 1,810 sqft
2019-10-01 0 days 1,800 sqft
2019-11-01 0 days 1,798 sqft
2019-12-01 0 days 1,758 sqft
2020-01-01 0 days 1,753 sqft
2020-02-01 0 days 1,800 sqft
2020-03-01 0 days 1,822 sqft
2020-04-01 0 days 1,839 sqft
2020-05-01 0 days 1,857 sqft
2020-06-01 0 days 1,875 sqft
2020-07-01 0 days 1,851 sqft
2020-08-01 0 days 1,867 sqft
2020-09-01 0 days 1,899 sqft
2020-10-01 0 days 1,828 sqft
2020-11-01 0 days 1,869 sqft
2020-12-01 0 days 1,868 sqft
2021-01-01 0 days 1,871 sqft
2021-02-01 0 days 1,798 sqft
2021-03-01 0 days 1,898 sqft
2021-04-01 0 days 1,910 sqft
2021-05-01 0 days 1,806 sqft
2021-06-01 0 days 1,782 sqft
2021-07-01 0 days 1,591 sqft
2021-08-01 0 days 1,807 sqft
2021-09-01 0 days 1,843 sqft
2021-10-01 0 days 1,924 sqft
2021-11-01 0 days 1,817 sqft
2021-12-01 0 days 1,754 sqft
2022-01-01 0 days 1,800 sqft
2022-02-01 0 days 1,830 sqft
2022-03-01 0 days 1,778 sqft
2022-04-01 0 days 1,780 sqft
2022-05-01 0 days 1,801 sqft
2022-06-01 0 days 1,843 sqft
2022-07-01 0 days 1,876 sqft
2022-08-01 0 days 1,932 sqft
2022-09-01 0 days 1,913 sqft
2022-10-01 0 days 1,800 sqft
2022-11-01 0 days 1,875 sqft
2022-12-01 0 days 1,886 sqft
2023-01-01 0 days 1,877 sqft
2023-02-01 0 days 1,890 sqft
2023-03-01 0 days 1,867 sqft
2023-04-01 0 days 1,800 sqft
2023-05-01 0 days 1,754 sqft
2023-06-01 0 days 1,786 sqft
2023-07-01 0 days 1,840 sqft
2023-08-01 0 days 1,829 sqft
2023-09-01 0 days 1,803 sqft
2023-10-01 0 days 1,795 sqft
2023-11-01 0 days 1,782 sqft
2023-12-01 0 days 1,770 sqft
2024-01-01 0 days 1,741 sqft
2024-02-01 0 days 1,714 sqft
2024-03-01 0 days 1,704 sqft
Opelousas's median listing age (time on market) for 2024-03-01 was 0 days.

Opelousas's median square footage for active listings during the 2024-03-01 period was 1,704 sqft. One year prior, the average listing was 1,867 sqft.

Opelousas, LA Market Loan Reason

Loan Purpose Originations Total Value Average Loan
Home Purchase 559 $100,765,000 $180,259
Refi 146 $24,330,000 $166,644
Cash Out Refi 61 $10,445,000 $171,230
Home Improvement 35 $3,095,000 $88,429
Other 30 $2,240,000 $74,667

Opelousas's most frequently cited loan purpose was Home Purchase, with 559 originations. The 2nd most popular reason was Refi, with 146 originations.

Interest Rate Frequencies

Loan Rate Originations Total Value Average Loan
6-7% 248 $49,500,000 $199,597
7-8% 168 $28,620,000 $170,357
Over 8% 148 $16,680,000 $112,703
5-6% 91 $18,885,000 $207,527
4-5% 24 $5,280,000 $220,000
<2.5% 5 $295,000 $59,000
2.5-3% 3 $365,000 $121,667
3-4% 2 $110,000 $55,000

During 2023, Opelousas's most frequently originated rate bucket was 6-7%, with 248 originations.

Loan Sizing (Opelousas, LA MSA)

Loan Size Originations Total Value Average Loan
$100k-200k 301 $43,905,000 $145,864
$100,000 or less 282 $17,500,000 $62,057
$200k-400k 207 $55,605,000 $268,623
$400k-600k 27 $12,785,000 $473,519
$600k-1000k 13 $9,735,000 $748,846
$Over $1MM 1 $1,345,000 $1,345,000

Opelousas's loan sizing saw the bucket of loans from $100k-200k with 301 originations, totaling $43,905,000 in origination value.

LTV Distribution

Loan to Value Originations Total Value Average Loan
80-100% 429 $80,105,000 $186,725
60-80% 115 $24,165,000 $210,130
40-60% 56 $7,850,000 $140,179
20-40% 42 $3,350,000 $79,762
Under 20% 18 $890,000 $49,444
Over 100% 16 $2,300,000 $143,750

Opelousas's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 429 originations, totaling $80,105,000 in origination value.