Opelousas 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 Opelousas averaged 6.78% for the week of 2024-12-12, compared to the national average of 6.6% for the same period.

    The average rate for the prior week (2024-12-05) was 6.87% and one month ago for the week of 2024-11-07, the average rate was 7.07%.

    Opelousas's average rate one year ago was 7.11%.

    For refis of the same type during the week of 2024-12-12, the average rate was 6.9%.

    Loan Type Date Rate
    US 30 Year Fixed Rate 2024-12-12 6.6%
    Opelousas 30 Year Fixed Rate 2024-12-12 6.78%
    Opelousas 30 Year Fixed Rate Refi 2024-12-12 6.9%
    Opelousas 15 Year Fixed Rate 2024-12-12 5.94%
    Opelousas 15 Year Fixed Rate Refi 2024-12-12 6.04%
    Opelousas 30 Year FHA 2024-12-12 6.29%
    Opelousas 30 Year FHA Refi 2024-12-12 6.28%
    Opelousas 30 Year USDA 2024-12-12 6.2%
    Opelousas 30 Year USDA Refi 2024-12-12 6.4%
    Opelousas 30 Year VA 2024-12-12 5.88%
    Opelousas 30 Year VA Refi 2024-12-12 6.08%
    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
    2024-04-01 $189,250 (-15.7%) $261,188 (-22.5%) 0.00 230
    2024-05-01 $192,500 (-3.1%) $265,955 (-18.3%) 0.00 216
    2024-06-01 $191,000 (-4.0%) $279,326 (-13.0%) 0.00 211
    2024-07-01 $187,000 (-12.8%) $265,849 (-18.6%) 0.00 218
    2024-08-01 $192,500 (-10.3%) $263,959 (-22.0%) 0.00 223
    2024-09-01 $188,250 (-10.4%) $259,295 (-19.6%) 0.00 229
    2024-10-01 $189,500 (-7.9%) $264,042 (-10.0%) 0.00 218
    2024-11-01 $185,000 (-11.5%) $259,433 (-8.4%) 0.00 223
    Opelousas's median listing price for 2024-11-01 was $185,000, a difference of $-24,000 (-11.5%) versus the prior year and $-4,500 versus the prior month.

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

    Opelousas's average listing price for 2024-11-01 was $259,433, a difference of $-23,917 (-8.4%) versus the prior year and $-4,609 versus the prior month.

    For the 2024-11-01 period, Opelousas had 223 MLS listings, a difference of 5 listings (2%) versus the prior month and 13 listings (6%) 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
    2024-04-01 0 days 1,704 sqft
    2024-05-01 0 days 1,772 sqft
    2024-06-01 0 days 1,705 sqft
    2024-07-01 0 days 1,650 sqft
    2024-08-01 0 days 1,621 sqft
    2024-09-01 0 days 1,648 sqft
    2024-10-01 0 days 1,637 sqft
    2024-11-01 0 days 1,633 sqft
    Opelousas's median listing age (time on market) for 2024-11-01 was 0 days.

    Opelousas's median square footage for active listings during the 2024-11-01 period was 1,633 sqft. One year prior, the average listing was 1,782 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.