Picayune Mortgage Rates & Closing Costs

  • JUMP TO:
  • Trends
  • Rates vs. Fees
  • Top Lenders
  • Market Share
  • Market Conditions & Pricing
  • Time on Market/Property Size
  • Loan Attributes
    • 30yr Fixed Rate 15yr Fixed Rate FHA USDA VA 5/1 ARM

    30 Year Fixed Rate mortgages in Picayune averaged 6.75% for the week of 2024-11-14, compared to the national average of 6.78% for the same period.

    The average rate for the prior week (2024-11-07) was 6.66% and one month ago for the week of 2024-10-10, the average rate was 6.19%.

    Picayune's average rate one year ago was 7.47%.

    For refis of the same type during the week of 2024-11-14, the average rate was 7.38%.

    Loan Type Date Rate
    US 30 Year Fixed Rate 2024-11-14 6.78%
    Picayune 30 Year Fixed Rate 2024-11-14 6.75%
    Picayune 30 Year Fixed Rate Refi 2024-11-14 7.38%
    Picayune 15 Year Fixed Rate 2024-11-14 6.19%
    Picayune 15 Year Fixed Rate Refi 2024-11-14 6.49%
    Picayune 30 Year FHA 2024-11-14 0%
    Picayune 30 Year FHA Refi 2024-11-14 -0.2%
    Picayune 30 Year USDA 2024-11-14 -0.1%
    Picayune 30 Year USDA Refi 2024-11-14 0.1%
    Picayune 30 Year VA 2024-11-14 -0.2%
    Picayune 30 Year VA Refi 2024-11-14 0%
    Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations within Picayune, MS.

    Picayune 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 Picayune, MS 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
    QUICKEN LOANS, LLC 27 6.76% $6,415
    GMFS LLC 26 6.91% $5,254
    BankPlus 22 6.89% $3,828
    PLANET HOME LENDING, LLC 17 6.68% $7,365
    Hancock Whitney Bank 9 7.03% $5,446
    EUSTIS AND AMERICAN MORTGAGE COMPANY 8 7.22% $5,766
    DRAPER AND KRAMER MORTGAGE CORP. 7 6.78% $5,741
    CROSSCOUNTRY MORTGAGE, LLC 7 7.01% $4,708
    Regions Bank 6 6.96% $3,972
    KEESLER 6 6.69% $3,227
    JPMorgan Chase Bank 6 6.91% $2,874
    PRIMELENDING, A PLAINSCAPITAL COMPANY 5 6.65% $5,586
    LOANDEPOT.COM, LLC 4 6.53% $5,333
    USAA Federal Savings Bank 4 7.56% $4,571
    Gulf Coast Bank and Trust Company 4 6.56% $3,588
    STANDARD MORTGAGE CORPORATION 3 7.13% $3,739
    AMERISAVE MORTGAGE CORPORATION 3 6.88% $8,184
    Trustmark National Bank 2 6.63% $4,011
    BancorpSouth 2 6.19% $4,897
    BETTER MORTGAGE CORPORATION 2 5.94% $5,538
    BROKER SOLUTIONS, INC. 2 7.19% $9,023
    CMG MORTGAGE, INC. 2 6.25% $6,916
    FIDELITY BANK 2 7.13% $4,774
    Merchants & Marine Bank 2 7.25% $3,074
    MOVEMENT MORTGAGE, LLC 2 6.81% $3,785
    Mr. Cooper ( Nationstar Mortgage ) 2 6.75% $9,428
    NAVY FEDERAL CREDIT UNION 2 6.94% $2,443
    UNION HOME MORTGAGE CORP. 2 6.38% $5,681
    Wells Fargo Bank 2 6.44% $5,243
    ZILLOW HOME LOANS, LLC 1 6.88% $3,633
    Mortgage Research Center, LLC 1 6.99% $2,161
    MORTGAGE SOLUTIONS OF COLORADO, LLC 1 7.25% $8,595
    UNITED WHOLESALE MORTGAGE, LLC 1 7.63% $4,050
    AmRes Corporation 1 6.13% $7,970
    NAVIGATOR CU 1 6.38% $3,152
    VANDERBILT MORTGAGE AND FINANCE, INC. 1 7.99% $5,560
    PENNYMAC LOAN SERVICES, LLC 1 6.38% $7,527
    Plains Commerce Bank 1 6.63% $6,187
    Citizens Bank 1 6.50% $8,969
    CARDINAL FINANCIAL 1 5.99% $5,235
    CALIBER HOME LOANS, INC. 1 6.88% $4,094
    Bank of England 1 7.50% $3,209
    Bank of America 1 6.50% $3,407
    T2 FINANCIAL LLC 1 6.38% $4,518
    The Citizens National Bank of Meridian 1 6.78% $2,074
    21ST MORTGAGE CORPORATION 1 6.95% $5,713
    GUARANTY HOME MORTGAGE CORPORATION 1 7.00% $3,323
    Grand Bank for Savings, FSB 1 10.75% $4,879
    HIWAY 1 5.25% $2,739
    Flagstar Bank, FSB 1 6.00% $5,167
    FirstBank 1 7.44% $5,090
    DELMAR FINANCIAL COMPANY 1 7.50% $6,160

    Picayune Average Closing Costs & Other Stats

    Picayune, MS's 52 lenders originated 1,012 loans during 2023. The total origination value was $164,550,000, with an average loan value of $162,599.

    Picayune's average closing costs are $5,383.

    The top Picayune lender as defined by loan originations is QUICKEN LOANS, LLC, with 27 loans originated. Their average total fees are $6,415, which is $1,161 higher than the next largest lender, GMFS LLC.

    The lowest fee Picayune lenders (with over 10 loans originated) are BankPlus ($3,828), GMFS LLC ($5,254), QUICKEN LOANS, LLC ($6,415), PLANET HOME LENDING, LLC ($7,365) and .

    The lowest rate Picayune lenders (with over 10 loans originated) are PLANET HOME LENDING, LLC (6.68%), QUICKEN LOANS, LLC (6.76%), BankPlus (6.89%), GMFS LLC (6.91%) and .

    Picayune, MS 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
    PLANET HOME LENDING, LLC $15,440,000 $16,470,000 6.7% 10.0%
    First National Bank of Picayune $9,720,000 $13,245,000 36.3% 8.0%
    BankPlus $13,495,000 $12,460,000 -7.7% 7.6%
    QUICKEN LOANS, LLC $17,005,000 $11,470,000 -32.5% 7.0%
    GMFS LLC $11,810,000 $10,310,000 -12.7% 6.3%
    KEESLER $8,230,000 $9,440,000 14.7% 5.7%
    Hancock Whitney Bank $6,775,000 $6,135,000 -9.4% 3.7%
    EUSTIS AND AMERICAN MORTGAGE COMPANY $8,950,000 $5,170,000 -42.2% 3.1%
    Mortgage Research Center, LLC $7,040,000 $4,895,000 -30.5% 3.0%
    NAVY FEDERAL CREDIT UNION $3,695,000 $3,905,000 5.7% 2.4%
    Regions Bank $8,590,000 $3,820,000 -55.5% 2.3%
    DRAPER AND KRAMER MORTGAGE CORP. $4,115,000 $3,730,000 -9.4% 2.3%
    CROSSCOUNTRY MORTGAGE, LLC $2,500,000 $3,320,000 32.8% 2.0%
    CMG MORTGAGE, INC. $2,870,000 $2,915,000 1.6% 1.8%
    UNITED WHOLESALE MORTGAGE, LLC $3,060,000 $2,565,000 -16.2% 1.6%
    21ST MORTGAGE CORPORATION $3,155,000 $2,380,000 -24.6% 1.4%
    PRIMELENDING, A PLAINSCAPITAL COMPANY $4,835,000 $2,295,000 -52.5% 1.4%
    LOANDEPOT.COM, LLC $4,525,000 $2,135,000 -52.8% 1.3%
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION $990,000 $2,130,000 115.2% 1.3%
    Mr. Cooper ( Nationstar Mortgage ) $2,570,000 $2,065,000 -19.6% 1.3%
    UNION HOME MORTGAGE CORP. $3,475,000 $1,460,000 -58.0% 0.9%
    PENNYMAC LOAN SERVICES, LLC $1,885,000 $1,390,000 -26.3% 0.8%
    Gulf Coast Bank and Trust Company $1,750,000 $1,275,000 -27.1% 0.8%
    TRIAD FINANCIAL SERVICES, INC. $875,000 $1,265,000 44.6% 0.8%
    Trustmark National Bank $2,655,000 $1,225,000 -53.9% 0.7%
    NEW DAY FINANCIAL, LLC $1,020,000 $1,185,000 16.2% 0.7%
    First Southern Bank $1,180,000 n/a 0.7%
    BROKER SOLUTIONS, INC. $1,005,000 $1,165,000 15.9% 0.7%
    The First, A National Banking Association $2,780,000 $1,135,000 -59.2% 0.7%
    DELMAR FINANCIAL COMPANY $2,125,000 $1,035,000 -51.3% 0.6%
    JPMorgan Chase Bank $1,320,000 $1,030,000 -22.0% 0.6%
    STANDARD MORTGAGE CORPORATION $690,000 $1,010,000 46.4% 0.6%
    AMERISAVE MORTGAGE CORPORATION $1,265,000 $925,000 -26.9% 0.6%
    CARDINAL FINANCIAL $955,000 $880,000 -7.9% 0.5%
    SOUTHWEST STAGE FUNDING, LLC $695,000 $840,000 20.9% 0.5%
    Citizens Bank $520,000 $800,000 53.8% 0.5%
    Plains Commerce Bank $780,000 n/a 0.5%
    USAA Federal Savings Bank $1,325,000 $780,000 -41.1% 0.5%
    Wells Fargo Bank $1,430,000 $745,000 -47.9% 0.5%
    BancorpSouth $5,725,000 $735,000 -87.2% 0.4%
    VANDERBILT MORTGAGE AND FINANCE, INC. $1,460,000 $695,000 -52.4% 0.4%
    AmRes Corporation $640,000 n/a 0.4%
    FIDELITY BANK $1,270,000 $635,000 -50.0% 0.4%
    CSL Financial, LLC $980,000 $610,000 -37.8% 0.4%
    Bank of England $885,000 $590,000 -33.3% 0.4%
    MOVEMENT MORTGAGE, LLC $2,065,000 $585,000 -71.7% 0.4%
    CIS Financial Services, Inc. $390,000 $580,000 48.7% 0.4%
    SWBC MORTGAGE CORPORATION $195,000 $545,000 179.5% 0.3%
    FREEDOM MORTGAGE CORPORATION $2,285,000 $535,000 -76.6% 0.3%
    Citizens Bank $520,000 $515,000 -1.0% 0.3%
    Carrington Mortgage Services, LLC $505,000 n/a 0.3%
    Southern Bancorp Bank $945,000 $505,000 -46.6% 0.3%
    Magnolia Bank $885,000 $480,000 -45.8% 0.3%
    PRIMARY RESIDENTIAL MORTGAGE, INC. $480,000 n/a 0.3%
    BETTER MORTGAGE CORPORATION $705,000 $460,000 -34.8% 0.3%
    Community Bank of Mississippi $1,380,000 $460,000 -66.7% 0.3%
    NEWREZ LLC $1,020,000 $450,000 -55.9% 0.3%
    The Federal Savings Bank $440,000 n/a 0.3%
    GUARANTEED RATE, INC. $185,000 $420,000 127.0% 0.3%
    SUMMIT FUNDING, INC. $655,000 $420,000 -35.9% 0.3%
    Liberty Bank and Trust Company $400,000 n/a 0.2%
    ZILLOW HOME LOANS, LLC $390,000 n/a 0.2%
    Discover Bank $170,000 $385,000 126.5% 0.2%
    T2 FINANCIAL LLC $325,000 $385,000 18.5% 0.2%
    Assurance Financial Group, L.L.C. $380,000 n/a 0.2%
    Flagstar Bank, FSB $1,915,000 $370,000 -80.7% 0.2%
    Resource Bank $240,000 $365,000 52.1% 0.2%
    STOCKTON MORTGAGE CORPORATION $240,000 $360,000 50.0% 0.2%
    GUARANTY HOME MORTGAGE CORPORATION $355,000 n/a 0.2%
    MEMBER FIRST MORTGAGE, LLC $345,000 n/a 0.2%
    First South Farm Credit, ACA $770,000 $325,000 -57.8% 0.2%
    Merchants & Marine Bank $125,000 $325,000 160.0% 0.2%
    ROYAL UNITED MORTGAGE LLC $310,000 n/a 0.2%
    FirstBank $195,000 $290,000 48.7% 0.2%
    MID AMERICA MORTGAGE, INC. $285,000 n/a 0.2%
    INTERLINC MORTGAGE SERVICES, LLC $245,000 $255,000 4.1% 0.2%
    Cornerstone First Mortgage, Inc $245,000 n/a 0.1%
    MORTGAGE SOLUTIONS OF COLORADO, LLC $695,000 $245,000 -64.7% 0.1%
    Bank of America $195,000 $220,000 12.8% 0.1%
    LIBERTY HOME MORTGAGE CORPORATION $220,000 n/a 0.1%
    Planters Bank & Trust Company $215,000 n/a 0.1%
    CALIBER HOME LOANS, INC. $2,300,000 $205,000 -91.1% 0.1%
    Community First National Bank $205,000 n/a 0.1%
    Origin Bank $205,000 n/a 0.1%
    The Citizens National Bank of Meridian $205,000 n/a 0.1%
    Northpointe Bank $195,000 n/a 0.1%
    PriorityOne Bank $195,000 n/a 0.1%
    Grand Bank for Savings, FSB $185,000 n/a 0.1%
    PLAZA HOME MORTGAGE, INC. $185,000 n/a 0.1%
    ACADEMY MORTGAGE CORPORATION $180,000 n/a 0.1%
    The Central Trust Bank $175,000 n/a 0.1%
    Figure Lending LLC $15,000 $170,000 1,033.3% 0.1%
    TOTAL MORTGAGE SERVICES, LLC $165,000 n/a 0.1%
    COUNTRYPLACE MORTGAGE, LTD. $85,000 $160,000 88.2% 0.1%
    America's Mortgage Resource, Inc. $155,000 n/a 0.1%
    CREDIT HUMAN FEDERAL CREDIT UNION $155,000 n/a 0.1%
    Family Security Credit Union $155,000 n/a 0.1%
    The Peoples Bank, Biloxi, Mississippi $155,000 n/a 0.1%
    Heritage Bank of St Tammany $235,000 $145,000 -38.3% 0.1%
    PENTAGON FEDERAL CREDIT UNION $185,000 $145,000 -21.6% 0.1%
    SUN WEST MORTGAGE COMPANY, INC. $145,000 n/a 0.1%
    AMERICAN FINANCIAL NETWORK, INC. $135,000 n/a 0.1%
    DIGITAL Federal Credit Union $300,000 $135,000 -55.0% 0.1%
    NAVIGATOR CU $135,000 n/a 0.1%
    CITIZENS EQUITY FIRST $125,000 n/a 0.1%
    Princeton Mortgage Corporation $125,000 n/a 0.1%
    Truist $300,000 $125,000 -58.3% 0.1%
    Goldwater Bank, N.A. $195,000 $115,000 -41.0% 0.1%
    AMERICAN FINANCIAL RESOURCES, INC. $210,000 $105,000 -50.0% 0.1%
    Barrington Bank & Trust Company, N.A. $320,000 $105,000 -67.2% 0.1%
    GENEVA FINANCIAL, LLC $105,000 n/a 0.1%
    FINANCE OF AMERICA REVERSE LLC $85,000 n/a 0.1%
    HOPE FEDERAL CREDIT UNION $185,000 $85,000 -54.1% 0.1%
    AMERICAN HERITAGE LENDING, INC. $75,000 n/a 0.0%
    HIWAY $75,000 n/a 0.0%
    South State Bank $95,000 $65,000 -31.6% 0.0%
    BankFirst Financial Services $55,000 n/a 0.0%
    CHURCHILL MORTGAGE CORPORATION $390,000 $55,000 -85.9% 0.0%
    Coastal Community Bank $55,000 n/a 0.0%
    APCI Federal Credit Union $145,000 $45,000 -69.0% 0.0%
    Connexus Credit Union $45,000 n/a 0.0%
    SUNBELT Federal Credit Union $25,000 $45,000 80.0% 0.0%

    Picayune's top lender by overall market share is PLANET HOME LENDING, LLC, with 10.0% market share. In second place, with 8.0%, is First National Bank of Picayune, having originated $13,245,000 in loans. In third place, with 7.6%, is BankPlus, having originated $12,460,000 in loans. In fourth place, with 7.0%, is QUICKEN LOANS, LLC, having originated $11,470,000 in loans. In fifth place, with 6.3%, is GMFS LLC, having originated $10,310,000 in loans.

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

    Realtor.com - Picayune (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 $175,000 (-2.7%) $262,403 (12.4%) 0.00 316
    2018-02-01 $173,650 (-0.8%) $262,310 (12.5%) 0.00 318
    2018-03-01 $171,900 (-2.0%) $268,859 (14.6%) 0.00 310
    2018-04-01 $181,950 (7.0%) $275,722 (20.3%) 0.00 300
    2018-05-01 $182,075 (5.9%) $286,120 (24.6%) 0.00 309
    2018-06-01 $189,000 (10.4%) $287,590 (23.3%) 0.00 309
    2018-07-01 $186,875 (3.9%) $291,029 (22.3%) 0.00 297
    2018-08-01 $185,750 (2.9%) $290,111 (21.5%) 0.00 297
    2018-09-01 $182,700 (1.6%) $289,759 (21.5%) 0.00 304
    2018-10-01 $179,850 (-5.3%) $289,097 (16.7%) 0.00 287
    2018-11-01 $169,900 (-7.1%) $265,367 (6.0%) 0.00 286
    2018-12-01 $175,000 (-2.2%) $271,250 (3.3%) 0.00 277
    2019-01-01 $174,950 (0.0%) $263,796 (0.5%) 0.00 268
    2019-02-01 $179,900 (3.6%) $273,419 (4.2%) 0.00 273
    2019-03-01 $182,086 (5.9%) $277,548 (3.2%) 0.00 286
    2019-04-01 $185,000 (1.7%) $282,967 (2.6%) 0.00 294
    2019-05-01 $189,900 (4.3%) $286,558 (0.2%) 0.00 293
    2019-06-01 $189,900 (0.5%) $284,459 (-1.1%) 0.00 297
    2019-07-01 $180,450 (-3.4%) $266,249 (-8.5%) 0.00 297
    2019-08-01 $182,391 (-1.8%) $267,263 (-7.9%) 0.00 306
    2019-09-01 $186,502 (2.1%) $268,391 (-7.4%) 0.00 304
    2019-10-01 $188,893 (5.0%) $269,042 (-6.9%) 0.00 304
    2019-11-01 $179,900 (5.9%) $255,005 (-3.9%) 0.00 298
    2019-12-01 $172,500 (-1.4%) $244,449 (-9.9%) 0.00 284
    2020-01-01 $172,500 (-1.4%) $235,148 (-10.9%) 0.00 258
    2020-02-01 $174,950 (-2.8%) $237,137 (-13.3%) 0.00 260
    2020-03-01 $180,825 (-0.7%) $242,491 (-12.6%) 0.00 232
    2020-04-01 $186,000 (0.5%) $253,113 (-10.6%) 0.00 214
    2020-05-01 $199,900 (5.3%) $275,783 (-3.8%) 0.00 195
    2020-06-01 $197,500 (4.0%) $287,986 (1.2%) 0.00 178
    2020-07-01 $199,990 (10.8%) $288,707 (8.4%) 0.00 178
    2020-08-01 $207,000 (13.5%) $291,879 (9.2%) 0.00 160
    2020-09-01 $247,725 (32.8%) $305,905 (14.0%) 0.00 146
    2020-10-01 $214,950 (13.8%) $295,192 (9.7%) 0.00 150
    2020-11-01 $227,450 (26.4%) $307,365 (20.5%) 0.00 140
    2020-12-01 $227,450 (31.9%) $320,536 (31.1%) 0.00 144
    2021-01-01 $225,000 (30.4%) $315,414 (34.1%) 0.00 140
    2021-02-01 $227,350 (30.0%) $327,247 (38.0%) 0.00 126
    2021-03-01 $217,500 (20.3%) $331,255 (36.6%) 0.00 106
    2021-04-01 $237,000 (27.4%) $349,297 (38.0%) 0.00 88
    2021-05-01 $237,000 (18.6%) $428,834 (55.5%) 0.00 79
    2021-06-01 $239,750 (21.4%) $425,689 (47.8%) 0.00 86
    2021-07-01 $243,600 (21.8%) $501,161 (73.6%) 0.00 96
    2021-08-01 $229,000 (10.6%) $462,322 (58.4%) 0.00 101
    2021-09-01 $237,860 (-4.0%) $465,657 (52.2%) 0.00 103
    2021-10-01 $229,700 (6.9%) $388,306 (31.5%) 0.00 123
    2021-11-01 $224,900 (-1.1%) $380,161 (23.7%) 0.00 124
    2021-12-01 $237,080 (4.2%) $391,327 (22.1%) 0.00 112
    2022-01-01 $233,000 (3.6%) $402,965 (27.8%) 0.00 101
    2022-02-01 $228,000 (0.3%) $428,648 (31.0%) 0.00 89
    2022-03-01 $229,500 (5.5%) $430,398 (29.9%) 0.00 85
    2022-04-01 $250,050 (5.5%) $460,690 (31.9%) 0.00 85
    2022-05-01 $254,846 (7.5%) $442,764 (3.3%) 0.00 97
    2022-06-01 $260,000 (8.5%) $419,863 (-1.4%) 0.00 116
    2022-07-01 $262,500 (7.8%) $439,876 (-12.2%) 0.00 139
    2022-08-01 $259,296 (13.2%) $439,249 (-5.0%) 0.00 145
    2022-09-01 $258,725 (8.8%) $385,703 (-17.2%) 0.00 157
    2022-10-01 $269,450 (17.3%) $351,114 (-9.6%) 0.00 151
    2022-11-01 $266,125 (18.3%) $345,645 (-9.1%) 0.00 161
    2022-12-01 $265,250 (11.9%) $347,320 (-11.3%) 0.00 164
    2023-01-01 $261,330 (12.2%) $334,589 (-17.0%) 0.00 145
    2023-02-01 $259,923 (14.0%) $317,154 (-26.0%) 0.00 125
    2023-03-01 $259,945 (13.3%) $330,202 (-23.3%) 0.00 134
    2023-04-01 $269,000 (7.6%) $362,682 (-21.3%) 0.00 124
    2023-05-01 $264,450 (3.8%) $376,307 (-15.0%) 0.00 127
    2023-06-01 $286,625 (10.2%) $392,785 (-6.5%) 0.00 124
    2023-07-01 $267,450 (1.9%) $347,848 (-20.9%) 0.00 121
    2023-08-01 $264,500 (2.0%) $335,157 (-23.7%) 0.00 133
    2023-09-01 $280,000 (8.2%) $355,496 (-7.8%) 0.00 165
    2023-10-01 $281,875 (4.6%) $358,075 (2.0%) 0.00 174
    2023-11-01 $289,725 (8.9%) $369,489 (6.9%) 0.00 168
    2023-12-01 $281,755 (6.2%) $378,863 (9.1%) 0.00 170
    2024-01-01 $290,000 (11.0%) $390,364 (16.7%) 0.00 155
    2024-02-01 $283,005 (8.9%) $393,303 (24.0%) 0.00 152
    2024-03-01 $287,500 (10.6%) $395,102 (19.7%) 0.00 161
    2024-04-01 $299,700 (11.4%) $400,065 (10.3%) 0.00 166
    2024-05-01 $318,750 (20.5%) $379,109 (0.7%) 0.00 172
    2024-06-01 $320,000 (11.6%) $378,686 (-3.6%) 0.00 182
    2024-07-01 $316,250 (18.3%) $370,366 (6.5%) 0.00 203
    2024-08-01 $312,000 (18.0%) $366,271 (9.3%) 0.00 207
    2024-09-01 $306,400 (9.4%) $362,722 (2.0%) 0.00 226
    2024-10-01 $296,450 (5.2%) $355,276 (-0.8%) 0.00 230
    Picayune's median listing price for 2024-10-01 was $296,450, a difference of $14,575 (5.2%) versus the prior year and $-9,950 versus the prior month.

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

    Picayune's average listing price for 2024-10-01 was $355,276, a difference of $-2,799 (-0.8%) versus the prior year and $-7,446 versus the prior month.

    For the 2024-10-01 period, Picayune had 230 MLS listings, a difference of 4 listings (2%) versus the prior month and 56 listings (32%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Picayune (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 2,001 sqft
    2018-02-01 0 days 2,000 sqft
    2018-03-01 0 days 1,998 sqft
    2018-04-01 0 days 2,025 sqft
    2018-05-01 0 days 2,002 sqft
    2018-06-01 0 days 1,999 sqft
    2018-07-01 0 days 1,988 sqft
    2018-08-01 0 days 1,997 sqft
    2018-09-01 0 days 2,016 sqft
    2018-10-01 0 days 2,002 sqft
    2018-11-01 0 days 1,935 sqft
    2018-12-01 0 days 1,985 sqft
    2019-01-01 0 days 1,984 sqft
    2019-02-01 0 days 1,983 sqft
    2019-03-01 0 days 1,968 sqft
    2019-04-01 0 days 1,965 sqft
    2019-05-01 0 days 1,985 sqft
    2019-06-01 0 days 2,000 sqft
    2019-07-01 0 days 1,928 sqft
    2019-08-01 0 days 1,904 sqft
    2019-09-01 0 days 1,910 sqft
    2019-10-01 0 days 1,913 sqft
    2019-11-01 0 days 1,874 sqft
    2019-12-01 0 days 1,884 sqft
    2020-01-01 0 days 1,846 sqft
    2020-02-01 0 days 1,797 sqft
    2020-03-01 0 days 1,817 sqft
    2020-04-01 0 days 1,847 sqft
    2020-05-01 0 days 1,932 sqft
    2020-06-01 0 days 1,966 sqft
    2020-07-01 0 days 1,952 sqft
    2020-08-01 0 days 1,945 sqft
    2020-09-01 0 days 2,167 sqft
    2020-10-01 0 days 2,142 sqft
    2020-11-01 0 days 2,108 sqft
    2020-12-01 0 days 2,067 sqft
    2021-01-01 0 days 2,096 sqft
    2021-02-01 0 days 2,141 sqft
    2021-03-01 0 days 2,148 sqft
    2021-04-01 0 days 2,254 sqft
    2021-05-01 0 days 2,117 sqft
    2021-06-01 0 days 2,089 sqft
    2021-07-01 0 days 2,011 sqft
    2021-08-01 0 days 1,974 sqft
    2021-09-01 0 days 2,074 sqft
    2021-10-01 0 days 1,944 sqft
    2021-11-01 0 days 1,975 sqft
    2021-12-01 0 days 2,045 sqft
    2022-01-01 0 days 1,995 sqft
    2022-02-01 0 days 2,114 sqft
    2022-03-01 0 days 2,126 sqft
    2022-04-01 0 days 2,173 sqft
    2022-05-01 0 days 2,040 sqft
    2022-06-01 0 days 2,132 sqft
    2022-07-01 0 days 2,048 sqft
    2022-08-01 0 days 2,034 sqft
    2022-09-01 0 days 2,033 sqft
    2022-10-01 0 days 2,030 sqft
    2022-11-01 0 days 1,894 sqft
    2022-12-01 0 days 1,887 sqft
    2023-01-01 0 days 1,902 sqft
    2023-02-01 0 days 1,892 sqft
    2023-03-01 0 days 1,902 sqft
    2023-04-01 0 days 1,925 sqft
    2023-05-01 0 days 1,939 sqft
    2023-06-01 0 days 1,932 sqft
    2023-07-01 0 days 1,878 sqft
    2023-08-01 0 days 1,831 sqft
    2023-09-01 0 days 1,886 sqft
    2023-10-01 0 days 1,959 sqft
    2023-11-01 0 days 2,005 sqft
    2023-12-01 0 days 1,974 sqft
    2024-01-01 0 days 1,885 sqft
    2024-02-01 0 days 1,844 sqft
    2024-03-01 0 days 1,952 sqft
    2024-04-01 0 days 2,019 sqft
    2024-05-01 0 days 2,058 sqft
    2024-06-01 0 days 2,078 sqft
    2024-07-01 0 days 2,008 sqft
    2024-08-01 0 days 1,975 sqft
    2024-09-01 0 days 1,945 sqft
    2024-10-01 0 days 1,921 sqft
    Picayune's median listing age (time on market) for 2024-10-01 was 0 days.

    Picayune's median square footage for active listings during the 2024-10-01 period was 1,921 sqft. One year prior, the average listing was 1,959 sqft.

    Picayune, MS Market Loan Reason

    Loan Purpose Originations Total Value Average Loan
    Home Purchase 616 $116,840,000 $189,675
    Cash Out Refi 135 $17,555,000 $130,037
    Refi 119 $18,805,000 $158,025
    Other 75 $6,045,000 $80,600
    Home Improvement 67 $5,305,000 $79,179

    Picayune's most frequently cited loan purpose was Home Purchase, with 616 originations. The 2nd most popular reason was Cash Out Refi, with 135 originations.

    Interest Rate Frequencies

    Loan Rate Originations Total Value Average Loan
    6-7% 321 $65,325,000 $203,505
    7-8% 187 $33,205,000 $177,567
    Over 8% 175 $17,975,000 $102,714
    5-6% 112 $23,180,000 $206,964
    <2.5% 68 $5,710,000 $83,971
    4-5% 17 $2,965,000 $174,412
    3-4% 7 $395,000 $56,429
    2.5-3% 1 $135,000 $135,000

    During 2023, Picayune's most frequently originated rate bucket was 6-7%, with 321 originations.

    Loan Sizing (Picayune, MS MSA)

    Loan Size Originations Total Value Average Loan
    $100k-200k 389 $58,335,000 $149,961
    $100,000 or less 310 $17,280,000 $55,742
    $200k-400k 292 $78,590,000 $269,144
    $400k-600k 19 $8,965,000 $471,842
    $600k-1000k 2 $1,380,000 $690,000

    Picayune's loan sizing saw the bucket of loans from $100k-200k with 389 originations, totaling $58,335,000 in origination value.

    LTV Distribution

    Loan to Value Originations Total Value Average Loan
    80-100% 430 $89,390,000 $207,884
    60-80% 155 $30,325,000 $195,645
    20-40% 107 $8,805,000 $82,290
    Under 20% 82 $3,410,000 $41,585
    40-60% 81 $10,555,000 $130,309
    Over 100% 24 $5,300,000 $220,833

    Picayune's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 430 originations, totaling $89,390,000 in origination value.