Richmond 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 Richmond averaged 6.86% for the week of 2023-03-16, compared to the national average of 6.6% for the same period.

    The average rate for the prior week (2023-03-09) was 7.29% and one month ago for the week of 2023-02-09, the average rate was 6.38%.

    Richmond's average rate one year ago was 4.11%.

    For refis of the same type during the week of 2023-03-16, the average rate was 6.75%.

    Loan Type Date Rate
    US 30 Year Fixed Rate 2023-03-16 6.6%
    Richmond 30 Year Fixed Rate 2023-03-16 6.86%
    Richmond 30 Year Fixed Rate Refi 2023-03-16 6.75%
    Richmond 15 Year Fixed Rate 2023-03-16 6.1%
    Richmond 15 Year Fixed Rate Refi 2023-03-16 6.16%
    Richmond 30 Year FHA 2023-03-16 6.51%
    Richmond 30 Year FHA Refi 2023-03-16 6.46%
    Richmond 30 Year USDA 2023-03-16 6.72%
    Richmond 30 Year USDA Refi 2023-03-16 6.64%
    Richmond 30 Year VA 2023-03-16 6.76%
    Richmond 30 Year VA Refi 2023-03-16 6.41%
    Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations within Richmond, IN.

    Richmond 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 Richmond, IN 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 2021 Avg. 30yFix Rate 2021 Avg. Closing Costs
    First Bank Richmond 154 2.89% $3,105
    First Financial Bank 113 3.34% $2,138
    CALIBER HOME LOANS, INC. 88 3.26% $2,112
    Three Rivers Federal Credit Union 66 3.30% $2,466
    QUICKEN LOANS, LLC 37 3.24% $4,397
    PRIMELENDING, A PLAINSCAPITAL COMPANY 31 3.18% $2,655
    U.S. Bank 22 3.22% $2,406
    RUOFF MORTGAGE COMPANY, INC. 17 3.23% $2,195
    JPMorgan Chase Bank 13 3.29% $2,303
    Merchants Bank of Indiana 10 3.35% $1,432
    LOANDEPOT.COM, LLC 10 3.58% $3,898
    AMERIFIRST FINANCIAL CORPORATION 9 3.51% $3,010
    Wells Fargo Bank 8 3.31% $3,580
    DAS Acquisition Company, LLC 8 3.31% $3,040
    MJW Financial LLC 8 3.42% $3,030
    First Merchants Bank 7 3.32% $2,094
    Flagstar Bank, FSB 7 3.25% $2,902
    Farm Credit Mid-America, ACA 7 3.54% $6,363
    Mr. Cooper ( Nationstar Mortgage ) 6 3.52% $4,278
    Somerville Bank 6 2.77% $1,967
    Fifth Third Bank 5 3.33% $3,176
    Union Savings Bank 5 3.08% $1,354
    FREEDOM MORTGAGE CORPORATION 5 3.53% $2,679
    The Huntington National Bank 5 3.12% $3,394
    PNC Bank 5 3.25% $2,582
    MYCUMORTGAGE, LLC 4 3.56% $2,572
    GVC MORTGAGE, INC. 4 3.53% $2,922
    BETTER MORTGAGE CORPORATION 4 3.13% $2,105
    ROYAL UNITED MORTGAGE LLC 3 3.75% $4,134
    The Farmers & Merchants State Bank 3 3.54% $2,314
    AMERISAVE MORTGAGE CORPORATION 3 3.17% $3,923
    FCN Bank 3 3.54% $4,745
    PANORAMA MORTGAGE GROUP, LLC 2 3.50% $3,476
    ENDEAVOR CAPITAL, LLC. 2 2.94% $3,602
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 2 3.24% $4,868
    Regions Bank 2 3.38% $444
    LOANPAL, LLC 2 3.25% $5,810
    NEWREZ LLC 2 3.75% $3,754
    FORUM Credit Union 2 2.94% $1,634
    UNION HOME MORTGAGE CORP. 2 3.31% $3,148
    UNITED WHOLESALE MORTGAGE, LLC 2 2.87% $2,559
    PENTAGON FEDERAL CREDIT UNION 2 3.06% $1,609
    The State Bank and Trust Company 1 3.63% $2,333
    TOP FLITE FINANCIAL, INC. 1 3.25% $3,068
    Truist 1 2.99% $2,009
    WRIGHT-PATT CREDIT UNION, INC. 1 4.00% $2,181
    INLAND BANK & TRUST 1 3.25% $2,786
    AMERICAN ADVISORS GROUP 1 3.13% $2,476
    AMERICAN MORTGAGE SERVICE COMPANY 1 2.63% $1,795
    AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 1 4.13% $2,730
    Arvest Bank 1 4.38% $3,278
    Bank of America 1 2.75% $1,929
    BMO Harris Bank 1 4.25% $2,609
    CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP 1 3.63% $5,901
    CHURCHILL MORTGAGE CORPORATION 1 3.25% $2,558
    Citibank 1 2.88% $3,024
    Citizens Bank 1 2.75% $2,730
    CMG MORTGAGE, INC. 1 3.25% $2,795
    COMPASS MORTGAGE, INC. 1 3.00% $2,824
    CROSSCOUNTRY MORTGAGE, LLC 1 3.63% $10,760
    Elements Financial Federal Credit Union 1 2.75% $1,970
    EMBRACE HOME LOANS, INC. 1 4.50% $2,204
    FIRST CENTENNIAL MORTGAGE CORPORATION 1 3.13% $2,791
    First Federal Bank 1 3.50% $4,550
    First Federal Bank of Kansas City 1 2.88% $1,728
    FORT FINANCIAL Federal Credit Union 1 3.25% $3,267
    GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION 1 3.50% $4,105
    HALLMARK HOME MORTGAGE, LLC 1 3.50% $4,417
    HOMESIDE FINANCIAL, LLC 1 3.25% $2,710
    Hometown Lenders, Inc. 1 3.63% $2,408
    HONDA Federal Credit Union 1 3.38% $2,070
    Independent Federal Credit Union 1 2.88% $2,813
    INDIANA MEMBERS CREDIT UNION 1 3.00% $2,200
    AMCAP MORTGAGE, LTD. 1 3.25% $2,766
    INTERRA CREDIT UNION 1 3.13% $1,962
    Ixonia Bank 1 3.00% $6,306
    KELLER MORTGAGE, LLC 1 3.00% $853
    MEMBER FIRST MORTGAGE, LLC 1 3.13% $2,158
    Mortgage Research Center, LLC 1 3.25% $1,305
    NAVY FEDERAL CREDIT UNION 1 4.38% $1,730
    NBKC BANK 1 3.25% $1,456
    Northwest Bank 1 2.63% $2,421
    NORWICH COMMERCIAL GROUP, INC. 1 2.75% $2,434
    OPEN MORTGAGE, LLC 1 2.75% $2,688
    POLARIS HOME FUNDING CORP. 1 3.25% $3,932
    PROVIDENT FUNDING ASSOCIATES, L.P. 1 2.88% $2,260
    Servion, Inc. 1 2.75% $1,834
    The Park National Bank 1 2.63% $3,740

    Richmond Average Closing Costs & Other Stats

    Richmond, IN's 88 lenders originated 2,081 loans during 2021. The total origination value was $572,745,000, with an average loan value of $275,226.

    Richmond's average closing costs are $3,332.

    The top Richmond lender as defined by loan originations is First Bank Richmond, with 154 loans originated. Their average total fees are $3,105, which is $967 higher than the next largest lender, First Financial Bank.

    The lowest fee Richmond lenders (with over 10 loans originated) are Merchants Bank of Indiana ($1,432), CALIBER HOME LOANS, INC. ($2,112), First Financial Bank ($2,138), RUOFF MORTGAGE COMPANY, INC. ($2,195) and JPMorgan Chase Bank ($2,303).

    The lowest rate Richmond lenders (with over 10 loans originated) are First Bank Richmond (2.89%), PRIMELENDING, A PLAINSCAPITAL COMPANY (3.18%), U.S. Bank (3.22%), RUOFF MORTGAGE COMPANY, INC. (3.23%) and QUICKEN LOANS, LLC (3.24%).

    Richmond, IN 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 2020 Loan Value 2021 Loan Value % Change 2021 Market Share
    Three Rivers Federal Credit Union $37,735,000 $342,355,000 807.3% 59.8%
    First Bank Richmond $51,390,000 $40,535,000 -21.1% 7.1%
    CALIBER HOME LOANS, INC. $19,355,000 $35,010,000 80.9% 6.1%
    First Financial Bank $75,000 $23,080,000 30,673.3% 4.0%
    QUICKEN LOANS, LLC $12,060,000 $15,795,000 31.0% 2.8%
    FREEDOM MORTGAGE CORPORATION $10,705,000 $11,425,000 6.7% 2.0%
    PRIMELENDING, A PLAINSCAPITAL COMPANY $8,720,000 $9,735,000 11.6% 1.7%
    U.S. Bank $7,400,000 $8,140,000 10.0% 1.4%
    DAS Acquisition Company, LLC $4,350,000 n/a 0.8%
    Greenville National Bank $2,220,000 $4,240,000 91.0% 0.7%
    RUOFF MORTGAGE COMPANY, INC. $3,345,000 $3,370,000 0.7% 0.6%
    JPMorgan Chase Bank $2,090,000 $3,240,000 55.0% 0.6%
    Mortgage Research Center, LLC $2,635,000 $3,115,000 18.2% 0.5%
    Farm Credit Mid-America, ACA $1,675,000 $3,065,000 83.0% 0.5%
    LOANDEPOT.COM, LLC $1,085,000 $2,730,000 151.6% 0.5%
    MID AMERICA MORTGAGE, INC. $4,250,000 $2,395,000 -43.6% 0.4%
    PENNYMAC LOAN SERVICES, LLC $395,000 $2,350,000 494.9% 0.4%
    First Merchants Bank $1,595,000 $1,845,000 15.7% 0.3%
    Bath State Bank $2,385,000 $1,705,000 -28.5% 0.3%
    AMERIFIRST FINANCIAL CORPORATION $1,650,000 $1,685,000 2.1% 0.3%
    AMERICAN MORTGAGE SERVICE COMPANY $2,595,000 $1,640,000 -36.8% 0.3%
    GVC MORTGAGE, INC. $350,000 $1,635,000 367.1% 0.3%
    Mr. Cooper ( Nationstar Mortgage ) $1,625,000 $1,610,000 -0.9% 0.3%
    MYCUMORTGAGE, LLC $465,000 $1,595,000 243.0% 0.3%
    The Huntington National Bank $730,000 $1,565,000 114.4% 0.3%
    Merchants Bank of Indiana $1,025,000 $1,455,000 42.0% 0.3%
    Union Savings And Loan Association $750,000 $1,390,000 85.3% 0.2%
    NAVY FEDERAL CREDIT UNION $1,105,000 $1,285,000 16.3% 0.2%
    Union Savings Bank $675,000 $1,250,000 85.2% 0.2%
    Wells Fargo Bank $1,760,000 $1,245,000 -29.3% 0.2%
    NEW DAY FINANCIAL, LLC $1,080,000 $1,160,000 7.4% 0.2%
    Fifth Third Bank $775,000 $1,145,000 47.7% 0.2%
    UNITED WHOLESALE MORTGAGE, LLC $925,000 $1,020,000 10.3% 0.2%
    Somerville Bank $1,840,000 $975,000 -47.0% 0.2%
    LOANPAL, LLC $960,000 n/a 0.2%
    PNC Bank $405,000 $935,000 130.9% 0.2%
    Carrington Mortgage Services, LLC $610,000 $930,000 52.5% 0.2%
    AMERICAN FINANCIAL RESOURCES, INC. $1,465,000 $915,000 -37.5% 0.2%
    NEWREZ LLC $105,000 $840,000 700.0% 0.1%
    USAA Federal Savings Bank $1,380,000 $825,000 -40.2% 0.1%
    Flagstar Bank, FSB $240,000 $810,000 237.5% 0.1%
    ROYAL UNITED MORTGAGE LLC $870,000 $765,000 -12.1% 0.1%
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION $495,000 $735,000 48.5% 0.1%
    HOMESIDE FINANCIAL, LLC $125,000 $725,000 480.0% 0.1%
    MJW Financial LLC $125,000 $720,000 476.0% 0.1%
    BETTER MORTGAGE CORPORATION $295,000 $690,000 133.9% 0.1%
    HOME POINT FINANCIAL CORPORATION $1,100,000 $640,000 -41.8% 0.1%
    Barrington Bank & Trust Company, N.A. $625,000 n/a 0.1%
    AMERISAVE MORTGAGE CORPORATION $425,000 $620,000 45.9% 0.1%
    HALLMARK HOME MORTGAGE, LLC $165,000 $560,000 239.4% 0.1%
    CROSSCOUNTRY MORTGAGE, LLC $265,000 $555,000 109.4% 0.1%
    VILLAGE CAPITAL & INVESTMENT LLC $605,000 $535,000 -11.6% 0.1%
    LAKEVIEW LOAN SERVICING, LLC $465,000 $525,000 12.9% 0.1%
    FCN Bank $640,000 $500,000 -21.9% 0.1%
    The Farmers & Merchants State Bank $670,000 $495,000 -26.1% 0.1%
    The Farmers State Bank $280,000 $495,000 76.8% 0.1%
    Citizens Bank $345,000 $485,000 40.6% 0.1%
    FORUM Credit Union $470,000 n/a 0.1%
    WRIGHT-PATT CREDIT UNION, INC. $170,000 $400,000 135.3% 0.1%
    21ST MORTGAGE CORPORATION $300,000 $380,000 26.7% 0.1%
    CMG MORTGAGE, INC. $105,000 $380,000 261.9% 0.1%
    PANORAMA MORTGAGE GROUP, LLC $680,000 $365,000 -46.3% 0.1%
    AMERICAN FINANCIAL NETWORK, INC. $360,000 n/a 0.1%
    BAYSHORE MORTGAGE FUNDING, LLC $340,000 n/a 0.1%
    CHURCHILL MORTGAGE CORPORATION $290,000 $330,000 13.8% 0.1%
    FORT FINANCIAL Federal Credit Union $325,000 n/a 0.1%
    OPEN MORTGAGE, LLC $325,000 n/a 0.1%
    Elements Financial Federal Credit Union $370,000 $320,000 -13.5% 0.1%
    Magnolia Bank $315,000 n/a 0.1%
    Regions Bank $1,210,000 $315,000 -74.0% 0.1%
    CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP $340,000 $310,000 -8.8% 0.1%
    Servion, Inc. $195,000 $305,000 56.4% 0.1%
    Citizens State Bank of New Castle $160,000 $300,000 87.5% 0.1%
    SOUTHWEST FUNDING, LP $300,000 n/a 0.1%
    PENTAGON FEDERAL CREDIT UNION $115,000 $270,000 134.8% 0.0%
    Centier Bank $265,000 n/a 0.0%
    Ixonia Bank $265,000 n/a 0.0%
    PLUS RELOCATION MORTGAGE, LLC $265,000 n/a 0.0%
    Truist Bank $260,000 n/a 0.0%
    UNION HOME MORTGAGE CORP. $290,000 $250,000 -13.8% 0.0%
    COMPASS MORTGAGE, INC. $245,000 n/a 0.0%
    EVANSVILLE TEACHERS $245,000 n/a 0.0%
    Hometown Lenders, Inc. $245,000 n/a 0.0%
    V.I.P. MORTGAGE, INC. $245,000 n/a 0.0%
    AMERICAN ADVISORS GROUP $65,000 $240,000 269.2% 0.0%
    ENDEAVOR CAPITAL, LLC. $105,000 $240,000 128.6% 0.0%
    Gate City Bank $235,000 n/a 0.0%
    LONGBRIDGE FINANCIAL, LLC $75,000 $235,000 213.3% 0.0%
    Northpointe Bank $230,000 n/a 0.0%
    PRIMARY RESIDENTIAL MORTGAGE, INC. $335,000 $225,000 -32.8% 0.0%
    POLARIS HOME FUNDING CORP. $870,000 $220,000 -74.7% 0.0%
    INDIANA MEMBERS CREDIT UNION $215,000 n/a 0.0%
    Wolfe Financial, Inc $215,000 n/a 0.0%
    BMO Harris Bank $340,000 $210,000 -38.2% 0.0%
    CLEARPATH LENDING $470,000 $205,000 -56.4% 0.0%
    Lake City Bank $205,000 n/a 0.0%
    PLAZA HOME MORTGAGE, INC. $155,000 $200,000 29.0% 0.0%
    AMCAP MORTGAGE, LTD. $195,000 n/a 0.0%
    AMERICAN PACIFIC MORTGAGE CORPORATION $195,000 n/a 0.0%
    HOMEBRIDGE FINANCIAL SERVICES, INC. $195,000 n/a 0.0%
    Bank of America $355,000 $185,000 -47.9% 0.0%
    First Federal Bank $145,000 $185,000 27.6% 0.0%
    The State Bank and Trust Company $185,000 n/a 0.0%
    First Federal Bank of Kansas City $175,000 n/a 0.0%
    PLANET HOME LENDING, LLC $610,000 $175,000 -71.3% 0.0%
    GUARANTEED RATE, INC. $85,000 $170,000 100.0% 0.0%
    Renasant Bank $55,000 $170,000 209.1% 0.0%
    KELLER MORTGAGE, LLC $165,000 n/a 0.0%
    NORWICH COMMERCIAL GROUP, INC. $165,000 n/a 0.0%
    AmeriHome Mortgage Company, LLC $300,000 $155,000 -48.3% 0.0%
    Arvest Bank $155,000 n/a 0.0%
    Blue Ridge Bank $155,000 n/a 0.0%
    InterContinental Capital Group, Inc $410,000 $155,000 -62.2% 0.0%
    NBKC BANK $155,000 n/a 0.0%
    PROVIDENT FUNDING ASSOCIATES, L.P. $155,000 n/a 0.0%
    SUCCESS MORTGAGE PARTNERS, INC. $85,000 $155,000 82.4% 0.0%
    SUN WEST MORTGAGE COMPANY, INC. $155,000 n/a 0.0%
    Fortress Bank $145,000 n/a 0.0%
    Citibank $135,000 n/a 0.0%
    GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION $135,000 n/a 0.0%
    Third Federal Savings and Loan Association of Cleveland $65,000 $135,000 107.7% 0.0%
    AMERICAN FINANCING CORPORATION $115,000 $125,000 8.7% 0.0%
    Equity Prime Mortgage LLC $125,000 n/a 0.0%
    FINANCE OF AMERICA MORTGAGE LLC $125,000 n/a 0.0%
    MOVEMENT MORTGAGE, LLC $125,000 n/a 0.0%
    Northwest Bank $160,000 $115,000 -28.1% 0.0%
    Old National Bank $590,000 $110,000 -81.4% 0.0%
    FIRST CENTENNIAL MORTGAGE CORPORATION $105,000 n/a 0.0%
    Independent Federal Credit Union $105,000 n/a 0.0%
    The Park National Bank $105,000 n/a 0.0%
    TOP FLITE FINANCIAL, INC. $105,000 n/a 0.0%
    EMBRACE HOME LOANS, INC. $95,000 n/a 0.0%
    HONDA Federal Credit Union $95,000 n/a 0.0%
    AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC $200,000 $85,000 -57.5% 0.0%
    Baxter Credit Union $85,000 n/a 0.0%
    BEACON CREDIT UNION $85,000 n/a 0.0%
    First Financial Bank $75,000 $85,000 13.3% 0.0%
    HSBC BANK USA, NATIONAL ASSOCIATION $85,000 n/a 0.0%
    MIAMI UNIVERSITY COMMUNITY $85,000 n/a 0.0%
    First Option Mortgage, LLC $75,000 n/a 0.0%
    MEMBER FIRST MORTGAGE, LLC $80,000 $75,000 -6.3% 0.0%
    INLAND BANK & TRUST $65,000 n/a 0.0%
    Figure Lending LLC $110,000 $55,000 -50.0% 0.0%
    PHH Mortgage Corporation $155,000 $55,000 -64.5% 0.0%
    First Farmers Bank and Trust Company $45,000 n/a 0.0%
    Manufacturers and Traders Trust Company $45,000 n/a 0.0%
    Service Federal Credit Union $45,000 n/a 0.0%
    ALLIANT CREDIT UNION $35,000 n/a 0.0%
    INTERRA CREDIT UNION $35,000 n/a 0.0%
    VANDERBILT MORTGAGE AND FINANCE, INC. $35,000 n/a 0.0%
    Horizon Bank $25,000 n/a 0.0%
    SPRING EQ, LLC $25,000 n/a 0.0%
    Home Loan Investment Bank, F.S.B. $15,000 n/a 0.0%
    KEMBA CREDIT UNION, INC. $115,000 $15,000 -87.0% 0.0%
    STAR Financial Bank $35,000 $15,000 -57.1% 0.0%

    Richmond's top lender by overall market share is Three Rivers Federal Credit Union, with 59.8% market share. In second place, with 7.1%, is First Bank Richmond, having originated $40,535,000 in loans. In third place, with 6.1%, is CALIBER HOME LOANS, INC., having originated $35,010,000 in loans. In fourth place, with 4.0%, is First Financial Bank, having originated $23,080,000 in loans. In fifth place, with 2.8%, is QUICKEN LOANS, LLC, having originated $15,795,000 in loans.

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

    Realtor.com - Richmond (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 $79,900 (0.0%) $116,133 (-4.2%) 0.00 314
    2018-02-01 $83,200 (4.1%) $120,797 (1.1%) 0.00 329
    2018-03-01 $84,900 (6.4%) $125,416 (5.9%) 0.00 291
    2018-04-01 $82,200 (3.4%) $122,749 (8.5%) 0.00 288
    2018-05-01 $82,200 (1.2%) $124,808 (6.7%) 0.00 287
    2018-06-01 $85,200 (-0.4%) $130,626 (5.1%) 0.00 284
    2018-07-01 $88,350 (-1.7%) $132,966 (7.5%) 0.00 298
    2018-08-01 $89,800 (-0.1%) $132,262 (10.2%) 0.00 304
    2018-09-01 $89,900 (5.9%) $130,228 (6.9%) 0.00 318
    2018-10-01 $85,925 (1.2%) $125,102 (0.1%) 0.00 328
    2018-11-01 $87,700 (-1.7%) $125,677 (0.3%) 0.00 340
    2018-12-01 $88,600 (4.9%) $124,594 (1.6%) 0.00 340
    2019-01-01 $89,000 (11.4%) $123,159 (6.1%) 0.00 320
    2019-02-01 $89,900 (8.1%) $126,026 (4.3%) 0.00 319
    2019-03-01 $89,214 (5.1%) $129,831 (3.5%) 0.00 290
    2019-04-01 $89,900 (9.4%) $134,419 (9.5%) 0.00 261
    2019-05-01 $97,825 (19.0%) $137,996 (10.6%) 0.00 268
    2019-06-01 $94,450 (10.9%) $136,511 (4.5%) 0.00 251
    2019-07-01 $90,550 (2.5%) $135,097 (1.6%) 0.00 236
    2019-08-01 $92,627 (3.2%) $133,947 (1.3%) 0.00 242
    2019-09-01 $96,718 (7.6%) $131,386 (0.9%) 0.00 242
    2019-10-01 $99,900 (16.3%) $130,264 (4.1%) 0.00 241
    2019-11-01 $99,700 (13.7%) $127,224 (1.2%) 0.00 258
    2019-12-01 $93,200 (5.2%) $121,091 (-2.8%) 0.00 258
    2020-01-01 $93,200 (4.7%) $121,769 (-1.1%) 0.00 248
    2020-02-01 $95,000 (5.7%) $127,802 (1.4%) 0.00 221
    2020-03-01 $99,900 (12.0%) $127,438 (-1.8%) 0.00 207
    2020-04-01 $109,900 (22.3%) $128,407 (-4.5%) 0.00 197
    2020-05-01 $94,950 (-2.9%) $135,077 (-2.1%) 0.00 153
    2020-06-01 $116,150 (23.0%) $156,615 (14.7%) 0.00 122
    2020-07-01 $121,050 (33.7%) $168,452 (24.7%) 0.00 122
    2020-08-01 $119,900 (29.4%) $178,200 (33.0%) 0.00 127
    2020-09-01 $124,925 (29.2%) $167,238 (27.3%) 0.00 132
    2020-10-01 $109,900 (10.0%) $156,921 (20.5%) 0.00 147
    2020-11-01 $101,175 (1.5%) $150,286 (18.1%) 0.00 164
    2020-12-01 $99,850 (7.1%) $150,617 (24.4%) 0.00 163
    2021-01-01 $91,250 (-2.1%) $147,866 (21.4%) 0.00 149
    2021-02-01 $82,425 (-13.2%) $146,253 (14.4%) 0.00 123
    2021-03-01 $79,900 (-20.0%) $146,920 (15.3%) 0.00 108
    2021-04-01 $107,400 (-2.3%) $158,784 (23.7%) 0.00 97
    2021-05-01 $89,950 (-5.3%) $165,191 (22.3%) 0.00 80
    2021-06-01 $117,175 (0.9%) $182,152 (16.3%) 0.00 90
    2021-07-01 $94,900 (-21.6%) $140,155 (-16.8%) 0.00 85
    2021-08-01 $121,150 (1.0%) $148,534 (-16.7%) 0.00 91
    2021-09-01 $129,900 (4.0%) $155,439 (-7.1%) 0.00 109
    2021-10-01 $132,000 (20.1%) $158,472 (1.0%) 0.00 114
    2021-11-01 $117,200 (15.8%) $152,334 (1.4%) 0.00 97
    2021-12-01 $105,575 (5.7%) $139,650 (-7.3%) 0.00 98
    2022-01-01 $102,600 (12.4%) $142,234 (-3.8%) 0.00 85
    2022-02-01 $114,900 (39.4%) $154,696 (5.8%) 0.00 66
    2022-03-01 $139,950 (75.2%) $174,833 (19.0%) 0.00 67
    2022-04-01 $169,900 (58.2%) $199,118 (25.4%) 0.00 62
    2022-05-01 $152,425 (69.5%) $189,711 (14.8%) 0.00 71
    2022-06-01 $129,900 (10.9%) $170,719 (-6.3%) 0.00 91
    2022-07-01 $129,900 (36.9%) $167,200 (19.3%) 0.00 102
    2022-08-01 $134,800 (11.3%) $179,239 (20.7%) 0.00 110
    2022-09-01 $151,150 (16.4%) $193,392 (24.4%) 0.00 100
    2022-10-01 $159,900 (21.1%) $191,121 (20.6%) 0.00 114
    2022-11-01 $147,075 (25.5%) $177,026 (16.2%) 0.00 134
    2022-12-01 $143,500 (35.9%) $173,166 (24.0%) 0.00 125
    2023-01-01 $143,050 (39.4%) $177,975 (25.1%) 0.00 103
    2023-02-01 $151,875 (32.2%) $175,782 (13.6%) 0.00 90
    Richmond's median listing price for 2023-02-01 was $151,875, a difference of $36,975 (32.2%) versus the prior year and $8,825 versus the prior month.

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

    Richmond's average listing price for 2023-02-01 was $175,782, a difference of $21,086 (13.6%) versus the prior year and $-2,193 versus the prior month.

    For the 2023-02-01 period, Richmond had 90 MLS listings, a difference of -13 listings (-13%) versus the prior month and 24 listings (36%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Richmond (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 1,525 sqft
    2018-02-01 0 days 1,587 sqft
    2018-03-01 0 days 1,600 sqft
    2018-04-01 0 days 1,593 sqft
    2018-05-01 0 days 1,600 sqft
    2018-06-01 0 days 1,595 sqft
    2018-07-01 0 days 1,635 sqft
    2018-08-01 0 days 1,634 sqft
    2018-09-01 0 days 1,632 sqft
    2018-10-01 0 days 1,602 sqft
    2018-11-01 0 days 1,600 sqft
    2018-12-01 0 days 1,595 sqft
    2019-01-01 0 days 1,542 sqft
    2019-02-01 0 days 1,530 sqft
    2019-03-01 0 days 1,528 sqft
    2019-04-01 0 days 1,543 sqft
    2019-05-01 0 days 1,588 sqft
    2019-06-01 0 days 1,569 sqft
    2019-07-01 0 days 1,584 sqft
    2019-08-01 0 days 1,589 sqft
    2019-09-01 0 days 1,596 sqft
    2019-10-01 0 days 1,602 sqft
    2019-11-01 0 days 1,603 sqft
    2019-12-01 0 days 1,605 sqft
    2020-01-01 0 days 1,603 sqft
    2020-02-01 0 days 1,652 sqft
    2020-03-01 0 days 1,661 sqft
    2020-04-01 0 days 1,640 sqft
    2020-05-01 0 days 1,606 sqft
    2020-06-01 0 days 1,643 sqft
    2020-07-01 0 days 1,733 sqft
    2020-08-01 0 days 1,672 sqft
    2020-09-01 0 days 1,609 sqft
    2020-10-01 0 days 1,581 sqft
    2020-11-01 0 days 1,567 sqft
    2020-12-01 0 days 1,601 sqft
    2021-01-01 0 days 1,547 sqft
    2021-02-01 0 days 1,520 sqft
    2021-03-01 0 days 1,494 sqft
    2021-04-01 0 days 1,566 sqft
    2021-05-01 0 days 1,429 sqft
    2021-06-01 0 days 1,603 sqft
    2021-07-01 0 days 1,572 sqft
    2021-08-01 0 days 1,675 sqft
    2021-09-01 0 days 1,627 sqft
    2021-10-01 0 days 1,542 sqft
    2021-11-01 0 days 1,449 sqft
    2021-12-01 0 days 1,405 sqft
    2022-01-01 0 days 1,497 sqft
    2022-02-01 0 days 1,546 sqft
    2022-03-01 0 days 1,575 sqft
    2022-04-01 0 days 1,811 sqft
    2022-05-01 0 days 1,796 sqft
    2022-06-01 0 days 1,696 sqft
    2022-07-01 0 days 1,657 sqft
    2022-08-01 0 days 1,670 sqft
    2022-09-01 0 days 1,695 sqft
    2022-10-01 0 days 1,674 sqft
    2022-11-01 0 days 1,535 sqft
    2022-12-01 0 days 1,553 sqft
    2023-01-01 0 days 1,575 sqft
    2023-02-01 0 days 1,706 sqft
    Richmond's median listing age (time on market) for 2023-02-01 was 0 days.

    Richmond's median square footage for active listings during the 2023-02-01 period was 1,706 sqft. One year prior, the average listing was 1,546 sqft.

    Richmond, IN Market Loan Reason

    Loan Purpose Originations Total Value Average Loan
    Home Purchase 1,007 $126,465,000 $125,586
    Refi 594 $391,840,000 $659,663
    Cash Out Refi 353 $44,725,000 $126,700
    Home Improvement 75 $5,275,000 $70,333
    Other 52 $4,440,000 $85,385

    Richmond's most frequently cited loan purpose was Home Purchase, with 1,007 originations. The 2nd most popular reason was Refi, with 594 originations.

    Interest Rate Frequencies

    Loan Rate Originations Total Value Average Loan
    3-4% 750 $150,210,000 $200,280
    2.5-3% 670 $89,580,000 $133,701
    <2.5% 440 $51,570,000 $117,205
    4-5% 127 $271,275,000 $2,136,024
    5-6% 26 $1,210,000 $46,538
    Over 8% 6 $260,000 $43,333
    6-7% 3 $205,000 $68,333
    7-8% 3 $285,000 $95,000

    During 2021, Richmond's most frequently originated rate bucket was 3-4%, with 750 originations.

    Loan Sizing (Richmond, IN MSA)

    Loan Size Originations Total Value Average Loan
    $100,000 or less 976 $62,770,000 $64,314
    $100k-200k 854 $118,660,000 $138,946
    $200k-400k 235 $61,455,000 $261,511
    $400k-600k 11 $4,935,000 $448,636
    $Over $1MM 3 $323,615,000 $107,871,667
    $600k-1000k 2 $1,310,000 $655,000

    Richmond's loan sizing saw the bucket of loans from $100,000 or less with 976 originations, totaling $62,770,000 in origination value.

    LTV Distribution

    Loan to Value Originations Total Value Average Loan
    80-100% 973 $129,865,000 $133,469
    60-80% 599 $72,985,000 $121,845
    40-60% 168 $16,280,000 $96,905
    20-40% 99 $5,825,000 $58,838
    Under 20% 83 $1,705,000 $20,542
    Over 100% 19 $3,755,000 $197,632

    Richmond's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 973 originations, totaling $129,865,000 in origination value.