Scottsboro 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 Scottsboro averaged 6.68% 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 7.09% and one month ago for the week of 2024-10-10, the average rate was 6.22%.

    Scottsboro's average rate one year ago was 7.7%.

    For refis of the same type during the week of 2024-11-14, the average rate was 7.18%.

    Loan Type Date Rate
    US 30 Year Fixed Rate 2024-11-14 6.78%
    Scottsboro 30 Year Fixed Rate 2024-11-14 6.68%
    Scottsboro 30 Year Fixed Rate Refi 2024-11-14 7.18%
    Scottsboro 15 Year Fixed Rate 2024-11-14 5.99%
    Scottsboro 15 Year Fixed Rate Refi 2024-11-14 6.59%
    Scottsboro 30 Year FHA 2024-11-14 -0.18%
    Scottsboro 30 Year FHA Refi 2024-11-14 0.2%
    Scottsboro 30 Year USDA 2024-11-14 -0.1%
    Scottsboro 30 Year USDA Refi 2024-11-14 0.1%
    Scottsboro 30 Year VA 2024-11-14 -0.2%
    Scottsboro 30 Year VA Refi 2024-11-14 -0.2%
    Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations within Scottsboro, AL.

    Scottsboro 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 Scottsboro, AL 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
    REDSTONE Federal Credit Union 32 7.25% $2,862
    QUICKEN LOANS, LLC 24 7.03% $6,183
    GUARANTEED RATE, INC. 19 6.35% $6,188
    Renasant Bank 12 7.01% $4,842
    BancorpSouth 11 6.76% $4,282
    Regions Bank 10 6.44% $5,460
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 7 6.87% $6,421
    MOVEMENT MORTGAGE, LLC 6 6.23% $6,372
    UNITED WHOLESALE MORTGAGE, LLC 6 6.45% $8,080
    FirstBank 6 6.35% $6,004
    TENNESSEE VALLEY 4 5.89% $3,765
    HIGHLANDS RESIDENTIAL MORTGAGE, LTD. 4 7.03% $5,892
    LOANDEPOT.COM, LLC 4 7.16% $5,140
    Wells Fargo Bank 3 6.08% $5,212
    UNION HOME MORTGAGE CORP. 3 6.38% $6,264
    AMERISAVE MORTGAGE CORPORATION 3 6.75% $6,960
    BROKER SOLUTIONS, INC. 2 7.81% $5,579
    MORTGAGE INVESTORS GROUP, INC. 2 6.75% $3,434
    Citizens Bank 2 7.31% $5,160
    CROSSCOUNTRY MORTGAGE, LLC 2 6.85% $6,184
    PLANET HOME LENDING, LLC 2 7.31% $6,033
    VANDERBILT MORTGAGE AND FINANCE, INC. 2 8.37% $6,044
    AMERICAN FINANCING CORPORATION 2 6.50% $6,102
    TJC Mortgage, Inc. 2 6.75% $6,599
    Total Media Management, LLC 2 6.13% $6,507
    NEWREZ LLC 1 7.63% $6,292
    PNC Bank 1 7.25% $3,779
    ROYAL UNITED MORTGAGE LLC 1 7.25% $7,109
    SouthPoint Bank 1 7.63% $3,244
    STOCKTON MORTGAGE CORPORATION 1 7.50% $11,172
    Synovus Bank 1 6.88% $3,724
    The Central Trust Bank 1 5.63% $2,285
    Town Square Mortgage & Investments, Inc. 1 6.88% $7,132
    ALABAMA TEACHERS 1 6.75% $3,634
    U.S. Bank 1 7.50% $3,078
    VAN DYK MORTGAGE CORPORATION 1 8.00% $8,097
    Victorian Finance, LLC 1 7.63% $6,995
    Trustmark National Bank 1 8.00% $5,577
    Ameris Bank 1 6.75% $6,791
    Assurance Financial Group, L.L.C. 1 7.38% $3,485
    AVADIAN 1 6.50% $3,395
    Bank Independent 1 8.09% $573
    Bank of England 1 7.25% $3,903
    Baxter Credit Union 1 6.63% $2,897
    Capital City Home Loans, LLC 1 5.25% $6,703
    Century Mortgage Company DBA Century Lending Company 1 7.38% $6,341
    CERTAINTY HOME LOANS, LLC 1 6.95% $6,741
    CHURCHILL MORTGAGE CORPORATION 1 6.88% $3,522
    CMG MORTGAGE, INC. 1 6.88% $8,816
    COMMUNITYAMERICA 1 6.38% $7,605
    DELTA COMMUNITY CREDIT UNION 1 6.13% $3,187
    Discover Bank 1 7.49% $0
    FIRST COMMUNITY MORTGAGE, INC. 1 6.75% $5,848
    First National Bank of America 1 11.24% $7,913
    Flagstar Bank, FSB 1 7.63% $2,724
    GUARANTY HOME MORTGAGE CORPORATION 1 6.63% $5,788
    Hamilton Mortgage Corporation 1 6.75% $6,052
    JPMorgan Chase Bank 1 6.38% $3,501
    Metro City Bank 1 7.75% $4,960
    Mr. Cooper ( Nationstar Mortgage ) 1 5.88% $8,007
    MUTUAL OF OMAHA MORTGAGE, INC. 1 6.75% $5,117
    NAVY FEDERAL CREDIT UNION 1 5.88% $4,740

    Scottsboro Average Closing Costs & Other Stats

    Scottsboro, AL's 62 lenders originated 827 loans during 2023. The total origination value was $138,195,000, with an average loan value of $167,104.

    Scottsboro's average closing costs are $4,947.

    The top Scottsboro lender as defined by loan originations is REDSTONE Federal Credit Union, with 32 loans originated. Their average total fees are $2,862, which is $3,321 lower than the next largest lender, QUICKEN LOANS, LLC.

    The lowest fee Scottsboro lenders (with over 10 loans originated) are REDSTONE Federal Credit Union ($2,862), BancorpSouth ($4,282), Renasant Bank ($4,842), Regions Bank ($5,460) and QUICKEN LOANS, LLC ($6,183).

    The lowest rate Scottsboro lenders (with over 10 loans originated) are GUARANTEED RATE, INC. (6.35%), Regions Bank (6.44%), BancorpSouth (6.76%), Renasant Bank (7.01%) and QUICKEN LOANS, LLC (7.03%).

    Scottsboro, AL 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
    REDSTONE Federal Credit Union $12,655,000 $12,020,000 -5.0% 8.7%
    QUICKEN LOANS, LLC $10,175,000 $10,690,000 5.1% 7.7%
    GUARANTEED RATE, INC. $9,855,000 n/a 7.1%
    First Jackson Bank, Inc. $14,160,000 $7,315,000 -48.3% 5.3%
    BancorpSouth $12,995,000 $7,070,000 -45.6% 5.1%
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION $10,250,000 $5,785,000 -43.6% 4.2%
    Regions Bank $5,950,000 $5,140,000 -13.6% 3.7%
    UNITED WHOLESALE MORTGAGE, LLC $5,725,000 $4,765,000 -16.8% 3.4%
    Renasant Bank $6,290,000 $4,305,000 -31.6% 3.1%
    FirstBank $2,900,000 $4,105,000 41.6% 3.0%
    Mortgage Research Center, LLC $4,200,000 $3,245,000 -22.7% 2.3%
    MOVEMENT MORTGAGE, LLC $2,070,000 $2,695,000 30.2% 2.0%
    GMFS LLC $1,035,000 $2,430,000 134.8% 1.8%
    VANDERBILT MORTGAGE AND FINANCE, INC. $3,085,000 $2,400,000 -22.2% 1.7%
    HIGHLANDS RESIDENTIAL MORTGAGE, LTD. $935,000 $2,035,000 117.6% 1.5%
    Citizens Bank & Trust, Inc. $3,230,000 $2,025,000 -37.3% 1.5%
    LOANDEPOT.COM, LLC $6,950,000 $1,770,000 -74.5% 1.3%
    BROKER SOLUTIONS, INC. $625,000 $1,595,000 155.2% 1.2%
    UNION HOME MORTGAGE CORP. $1,555,000 n/a 1.1%
    21ST MORTGAGE CORPORATION $2,240,000 $1,535,000 -31.5% 1.1%
    PNC Bank $1,460,000 $1,530,000 4.8% 1.1%
    CROSSCOUNTRY MORTGAGE, LLC $340,000 $1,495,000 339.7% 1.1%
    TJC Mortgage, Inc. $2,980,000 $1,195,000 -59.9% 0.9%
    FAMILY SAVINGS $1,670,000 $1,165,000 -30.2% 0.8%
    USAA Federal Savings Bank $450,000 $1,155,000 156.7% 0.8%
    Citizens Bank $95,000 $1,150,000 1,110.5% 0.8%
    Citizens Tri-County Bank $310,000 $1,070,000 245.2% 0.8%
    SUMMIT FUNDING, INC. $520,000 $1,050,000 101.9% 0.8%
    Bank Independent $590,000 $1,015,000 72.0% 0.7%
    Wells Fargo Bank $995,000 $940,000 -5.5% 0.7%
    PLANET HOME LENDING, LLC $930,000 n/a 0.7%
    AVADIAN $115,000 $920,000 700.0% 0.7%
    TENNESSEE VALLEY $1,235,000 $825,000 -33.2% 0.6%
    Citizens Bank & Trust $2,690,000 $815,000 -69.7% 0.6%
    NEWREZ LLC $550,000 $810,000 47.3% 0.6%
    Century Mortgage Company DBA Century Lending Company $795,000 n/a 0.6%
    SOUTHWEST STAGE FUNDING, LLC $745,000 n/a 0.5%
    AMERISAVE MORTGAGE CORPORATION $1,725,000 $740,000 -57.1% 0.5%
    Ameris Bank $560,000 $710,000 26.8% 0.5%
    TRIAD FINANCIAL SERVICES, INC. $210,000 $675,000 221.4% 0.5%
    STOCKTON MORTGAGE CORPORATION $405,000 $670,000 65.4% 0.5%
    PENNYMAC LOAN SERVICES, LLC $1,270,000 $645,000 -49.2% 0.5%
    Bank of Dade $640,000 n/a 0.5%
    CIS Financial Services, Inc. $640,000 n/a 0.5%
    Bank of England $230,000 $625,000 171.7% 0.5%
    BNC National Bank $625,000 $610,000 -2.4% 0.4%
    TOP FLITE FINANCIAL, INC. $570,000 n/a 0.4%
    DELTA COMMUNITY CREDIT UNION $565,000 n/a 0.4%
    FREEDOM MORTGAGE CORPORATION $710,000 $530,000 -25.4% 0.4%
    Victorian Finance, LLC $530,000 n/a 0.4%
    Mr. Cooper ( Nationstar Mortgage ) $1,830,000 $515,000 -71.9% 0.4%
    Peoples Independent Bank $505,000 n/a 0.4%
    Total Media Management, LLC $635,000 $490,000 -22.8% 0.4%
    Trustmark National Bank $105,000 $485,000 361.9% 0.4%
    COMMUNITYAMERICA $465,000 n/a 0.3%
    Premier Bank of the South $455,000 n/a 0.3%
    Consumer First Mortgage, Inc. $445,000 n/a 0.3%
    CERTAINTY HOME LOANS, LLC $11,135,000 $430,000 -96.1% 0.3%
    NAVY FEDERAL CREDIT UNION $760,000 $415,000 -45.4% 0.3%
    AMERICAN PORTFOLIO MORTGAGE CORPORATION $410,000 n/a 0.3%
    MORTGAGE SOLUTIONS OF COLORADO, LLC $410,000 n/a 0.3%
    The Central Trust Bank $510,000 $405,000 -20.6% 0.3%
    COMMUNITY MORTGAGE CORPORATION $365,000 n/a 0.3%
    CMG MORTGAGE, INC. $360,000 n/a 0.3%
    South State Bank $3,005,000 $360,000 -88.0% 0.3%
    The Hometown Bank of Alabama $360,000 n/a 0.3%
    SWBC MORTGAGE CORPORATION $355,000 n/a 0.3%
    AMERICAN FINANCING CORPORATION $350,000 n/a 0.3%
    AMERICAN FINANCIAL NETWORK, INC. $340,000 n/a 0.2%
    Capital City Home Loans, LLC $335,000 n/a 0.2%
    CSL Financial, LLC $650,000 $335,000 -48.5% 0.2%
    ISERVE RESIDENTIAL LENDING, LLC $325,000 n/a 0.2%
    Baxter Credit Union $305,000 n/a 0.2%
    AMERICAN HERITAGE LENDING, INC. $280,000 n/a 0.2%
    Hamilton Mortgage Corporation $415,000 $280,000 -32.5% 0.2%
    1ST SIGNATURE LENDING, LLC $265,000 n/a 0.2%
    Chambers Bank $265,000 n/a 0.2%
    ZILLOW HOME LOANS, LLC $115,000 $265,000 130.4% 0.2%
    MORTGAGE INVESTORS GROUP, INC. $230,000 $260,000 13.0% 0.2%
    CB&S Bank, Inc. $295,000 $255,000 -13.6% 0.2%
    EVANSVILLE TEACHERS $255,000 n/a 0.2%
    NEW DAY FINANCIAL, LLC $705,000 $255,000 -63.8% 0.2%
    First Southern Bank $245,000 n/a 0.2%
    EAGLE HOME MORTGAGE, LLC $225,000 n/a 0.2%
    EvaBank $25,000 $225,000 800.0% 0.2%
    First Metro Bank $225,000 n/a 0.2%
    ARK-LA-TEX FINANCIAL SERVICES, LLC. $215,000 n/a 0.2%
    U.S. Bank $1,215,000 $215,000 -82.3% 0.2%
    VAN DYK MORTGAGE CORPORATION $215,000 n/a 0.2%
    CARDINAL FINANCIAL $300,000 $205,000 -31.7% 0.1%
    Carrington Mortgage Services, LLC $445,000 $205,000 -53.9% 0.1%
    SUPERIOR CHOICE $205,000 n/a 0.1%
    ASCEND FEDERAL CREDIT UNION $195,000 n/a 0.1%
    Commerce Home Mortgage, Inc. $195,000 n/a 0.1%
    First National Bank of America $195,000 n/a 0.1%
    Truist $965,000 $190,000 -80.3% 0.1%
    AMERICAN FINANCIAL RESOURCES, INC. $155,000 $185,000 19.4% 0.1%
    CHURCHILL MORTGAGE CORPORATION $680,000 $185,000 -72.8% 0.1%
    Liberty Bank $185,000 n/a 0.1%
    SeaTrust Mortgage Company $185,000 n/a 0.1%
    FIRST COMMUNITY MORTGAGE, INC. $920,000 $175,000 -81.0% 0.1%
    Metro City Bank $175,000 n/a 0.1%
    PeoplesTrust Bank $175,000 n/a 0.1%
    Family Security Credit Union $405,000 $165,000 -59.3% 0.1%
    MUTUAL OF OMAHA MORTGAGE, INC. $525,000 $160,000 -69.5% 0.1%
    JPMorgan Chase Bank $305,000 $155,000 -49.2% 0.1%
    Town Square Mortgage & Investments, Inc. $145,000 n/a 0.1%
    First Federal Bank, A FSB $670,000 $135,000 -79.9% 0.1%
    BankSouth $115,000 n/a 0.1%
    Discover Bank $75,000 $105,000 40.0% 0.1%
    First Volunteer Bank $45,000 $105,000 133.3% 0.1%
    SUCCESS MORTGAGE PARTNERS, INC. $105,000 n/a 0.1%
    PHH Mortgage Corporation $95,000 n/a 0.1%
    ROYAL UNITED MORTGAGE LLC $130,000 $95,000 -26.9% 0.1%
    Barrington Bank & Trust Company, N.A. $85,000 n/a 0.1%
    Figure Lending LLC $55,000 $85,000 54.5% 0.1%
    GUARANTY HOME MORTGAGE CORPORATION $450,000 $85,000 -81.1% 0.1%
    Nations Lending Corporation $365,000 $75,000 -79.5% 0.1%
    Prosperity Home Mortgage, LLC $75,000 n/a 0.1%
    United Community Bank $75,000 n/a 0.1%
    UNIVERSITY CREDIT UNION $75,000 n/a 0.1%
    Flagstar Bank, FSB $215,000 $65,000 -69.8% 0.0%
    Synovus Bank $415,000 $65,000 -84.3% 0.0%
    TOWNE MORTGAGE COMPANY $65,000 n/a 0.0%
    ALABAMA TEACHERS $55,000 n/a 0.0%
    Assurance Financial Group, L.L.C. $55,000 n/a 0.0%
    SouthPoint Bank $45,000 n/a 0.0%
    Bank of America $515,000 $35,000 -93.2% 0.0%
    Coastal Community Bank $25,000 n/a 0.0%

    Scottsboro's top lender by overall market share is REDSTONE Federal Credit Union, with 8.7% market share. In second place, with 7.7%, is QUICKEN LOANS, LLC, having originated $10,690,000 in loans. In third place, with 7.1%, is GUARANTEED RATE, INC., having originated $9,855,000 in loans. In fourth place, with 5.3%, is First Jackson Bank, Inc., having originated $7,315,000 in loans. In fifth place, with 5.1%, is BancorpSouth, having originated $7,070,000 in loans.

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

    Realtor.com - Scottsboro (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 $169,450 (-1.2%) $227,726 (-2.4%) 0.00 193
    2018-02-01 $168,925 (-6.1%) $234,598 (0.4%) 0.00 190
    2018-03-01 $172,400 (-9.1%) $256,181 (7.0%) 0.00 185
    2018-04-01 $179,000 (-8.4%) $266,127 (8.4%) 0.00 191
    2018-05-01 $189,900 (-4.9%) $274,297 (12.1%) 0.00 183
    2018-06-01 $189,900 (0.0%) $280,582 (18.8%) 0.00 200
    2018-07-01 $189,150 (-0.4%) $267,302 (13.1%) 0.00 193
    2018-08-01 $182,250 (1.5%) $256,413 (10.6%) 0.00 193
    2018-09-01 $186,900 (6.8%) $259,511 (14.0%) 0.00 196
    2018-10-01 $182,900 (7.7%) $250,495 (11.4%) 0.00 202
    2018-11-01 $178,650 (5.2%) $251,269 (13.0%) 0.00 189
    2018-12-01 $169,000 (-0.5%) $247,609 (8.4%) 0.00 174
    2019-01-01 $169,000 (-0.3%) $248,061 (8.9%) 0.00 168
    2019-02-01 $167,000 (-1.1%) $257,613 (9.8%) 0.00 167
    2019-03-01 $167,100 (-3.1%) $266,600 (4.1%) 0.00 158
    2019-04-01 $169,900 (-5.1%) $274,375 (3.1%) 0.00 161
    2019-05-01 $174,425 (-8.2%) $276,266 (0.7%) 0.00 163
    2019-06-01 $179,900 (-5.3%) $279,765 (-0.3%) 0.00 170
    2019-07-01 $179,900 (-4.9%) $282,641 (5.7%) 0.00 166
    2019-08-01 $185,777 (1.9%) $286,084 (11.6%) 0.00 153
    2019-09-01 $194,593 (4.1%) $289,500 (11.6%) 0.00 158
    2019-10-01 $205,675 (12.5%) $295,227 (17.9%) 0.00 160
    2019-11-01 $199,900 (11.9%) $298,686 (18.9%) 0.00 159
    2019-12-01 $189,900 (12.4%) $299,242 (20.9%) 0.00 152
    2020-01-01 $183,600 (8.6%) $304,503 (22.8%) 0.00 145
    2020-02-01 $188,450 (12.8%) $298,548 (15.9%) 0.00 133
    2020-03-01 $194,675 (16.5%) $308,559 (15.7%) 0.00 131
    2020-04-01 $204,900 (20.6%) $310,918 (13.3%) 0.00 120
    2020-05-01 $224,900 (28.9%) $320,141 (15.9%) 0.00 110
    2020-06-01 $224,950 (25.0%) $318,711 (13.9%) 0.00 101
    2020-07-01 $222,450 (23.7%) $327,254 (15.8%) 0.00 102
    2020-08-01 $275,500 (48.3%) $370,799 (29.6%) 0.00 88
    2020-09-01 $247,675 (27.3%) $348,674 (20.4%) 0.00 85
    2020-10-01 $239,900 (16.6%) $338,804 (14.8%) 0.00 86
    2020-11-01 $239,900 (20.0%) $347,896 (16.5%) 0.00 82
    2020-12-01 $201,375 (6.0%) $327,660 (9.5%) 0.00 80
    2021-01-01 $209,000 (13.8%) $317,031 (4.1%) 0.00 71
    2021-02-01 $209,925 (11.4%) $337,926 (13.2%) 0.00 62
    2021-03-01 $209,900 (7.8%) $312,938 (1.4%) 0.00 59
    2021-04-01 $199,900 (-2.4%) $315,378 (1.4%) 0.00 51
    2021-05-01 $194,450 (-13.5%) $334,448 (4.5%) 0.00 51
    2021-06-01 $202,500 (-10.0%) $327,366 (2.7%) 0.00 67
    2021-07-01 $279,900 (25.8%) $371,952 (13.7%) 0.00 71
    2021-08-01 $299,000 (8.5%) $372,534 (0.5%) 0.00 73
    2021-09-01 $255,175 (3.0%) $345,791 (-0.8%) 0.00 76
    2021-10-01 $234,000 (-2.5%) $378,837 (11.8%) 0.00 82
    2021-11-01 $262,900 (9.6%) $459,586 (32.1%) 0.00 76
    2021-12-01 $254,925 (26.6%) $451,069 (37.7%) 0.00 81
    2022-01-01 $271,700 (30.0%) $496,097 (56.5%) 0.00 58
    2022-02-01 $284,900 (35.7%) $542,622 (60.6%) 0.00 58
    2022-03-01 $339,450 (61.7%) $593,785 (89.8%) 0.00 58
    2022-04-01 $289,250 (44.7%) $534,874 (69.6%) 0.00 56
    2022-05-01 $282,000 (45.0%) $409,656 (22.5%) 0.00 62
    2022-06-01 $272,725 (34.7%) $352,329 (7.6%) 0.00 80
    2022-07-01 $285,000 (1.8%) $380,650 (2.3%) 0.00 81
    2022-08-01 $257,450 (-13.9%) $373,717 (0.3%) 0.00 93
    2022-09-01 $272,450 (6.8%) $393,415 (13.8%) 0.00 100
    2022-10-01 $297,000 (26.9%) $414,678 (9.5%) 0.00 107
    2022-11-01 $272,900 (3.8%) $391,027 (-14.9%) 0.00 113
    2022-12-01 $266,750 (4.6%) $379,289 (-15.9%) 0.00 101
    2023-01-01 $272,000 (0.1%) $370,458 (-25.3%) 0.00 88
    2023-02-01 $289,900 (1.8%) $392,845 (-27.6%) 0.00 80
    2023-03-01 $279,500 (-17.7%) $395,158 (-33.5%) 0.00 80
    2023-04-01 $274,900 (-5.0%) $370,460 (-30.7%) 0.00 75
    2023-05-01 $273,500 (-3.0%) $385,851 (-5.8%) 0.00 74
    2023-06-01 $264,913 (-2.9%) $379,099 (7.6%) 0.00 77
    2023-07-01 $299,800 (5.2%) $422,823 (11.1%) 0.00 93
    2023-08-01 $276,725 (7.5%) $395,176 (5.7%) 0.00 103
    2023-09-01 $287,400 (5.5%) $401,562 (2.1%) 0.00 101
    2023-10-01 $289,500 (-2.5%) $398,898 (-3.8%) 0.00 105
    2023-11-01 $298,725 (9.5%) $387,960 (-0.8%) 0.00 104
    2023-12-01 $308,750 (15.8%) $403,467 (6.4%) 0.00 105
    2024-01-01 $299,000 (9.9%) $401,276 (8.3%) 0.00 92
    2024-02-01 $307,175 (6.0%) $394,061 (0.3%) 0.00 91
    2024-03-01 $299,200 (7.1%) $388,021 (-1.8%) 0.00 94
    2024-04-01 $299,675 (9.0%) $410,879 (10.9%) 0.00 102
    2024-05-01 $295,925 (8.2%) $422,341 (9.5%) 0.00 110
    2024-06-01 $296,950 (12.1%) $433,915 (14.5%) 0.00 112
    2024-07-01 $294,855 (-1.7%) $442,284 (4.6%) 0.00 120
    2024-08-01 $325,000 (17.5%) $473,891 (19.9%) 0.00 126
    2024-09-01 $318,750 (10.9%) $434,745 (8.3%) 0.00 122
    2024-10-01 $299,925 (3.6%) $431,687 (8.2%) 0.00 122
    Scottsboro's median listing price for 2024-10-01 was $299,925, a difference of $10,425 (3.6%) versus the prior year and $-18,825 versus the prior month.

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

    Scottsboro's average listing price for 2024-10-01 was $431,687, a difference of $32,789 (8.2%) versus the prior year and $-3,058 versus the prior month.

    For the 2024-10-01 period, Scottsboro had 122 MLS listings, a difference of 0 listings (0%) versus the prior month and 17 listings (16%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Scottsboro (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 1,988 sqft
    2018-02-01 0 days 1,951 sqft
    2018-03-01 0 days 2,037 sqft
    2018-04-01 0 days 2,054 sqft
    2018-05-01 0 days 2,103 sqft
    2018-06-01 0 days 2,200 sqft
    2018-07-01 0 days 2,096 sqft
    2018-08-01 0 days 2,065 sqft
    2018-09-01 0 days 2,091 sqft
    2018-10-01 0 days 2,025 sqft
    2018-11-01 0 days 2,059 sqft
    2018-12-01 0 days 2,000 sqft
    2019-01-01 0 days 1,991 sqft
    2019-02-01 0 days 1,943 sqft
    2019-03-01 0 days 1,958 sqft
    2019-04-01 0 days 1,995 sqft
    2019-05-01 0 days 1,975 sqft
    2019-06-01 0 days 1,966 sqft
    2019-07-01 0 days 1,931 sqft
    2019-08-01 0 days 2,007 sqft
    2019-09-01 0 days 2,104 sqft
    2019-10-01 0 days 2,185 sqft
    2019-11-01 0 days 2,100 sqft
    2019-12-01 0 days 2,059 sqft
    2020-01-01 0 days 2,050 sqft
    2020-02-01 0 days 2,077 sqft
    2020-03-01 0 days 2,087 sqft
    2020-04-01 0 days 2,093 sqft
    2020-05-01 0 days 2,126 sqft
    2020-06-01 0 days 2,094 sqft
    2020-07-01 0 days 2,100 sqft
    2020-08-01 0 days 2,203 sqft
    2020-09-01 0 days 2,214 sqft
    2020-10-01 0 days 2,214 sqft
    2020-11-01 0 days 2,232 sqft
    2020-12-01 0 days 2,100 sqft
    2021-01-01 0 days 1,940 sqft
    2021-02-01 0 days 2,098 sqft
    2021-03-01 0 days 2,058 sqft
    2021-04-01 0 days 2,100 sqft
    2021-05-01 0 days 2,096 sqft
    2021-06-01 0 days 2,000 sqft
    2021-07-01 0 days 2,016 sqft
    2021-08-01 0 days 2,212 sqft
    2021-09-01 0 days 2,035 sqft
    2021-10-01 0 days 2,045 sqft
    2021-11-01 0 days 2,187 sqft
    2021-12-01 0 days 2,142 sqft
    2022-01-01 0 days 2,200 sqft
    2022-02-01 0 days 2,225 sqft
    2022-03-01 0 days 2,175 sqft
    2022-04-01 0 days 2,029 sqft
    2022-05-01 0 days 2,146 sqft
    2022-06-01 0 days 2,050 sqft
    2022-07-01 0 days 2,117 sqft
    2022-08-01 0 days 2,107 sqft
    2022-09-01 0 days 2,076 sqft
    2022-10-01 0 days 2,163 sqft
    2022-11-01 0 days 2,052 sqft
    2022-12-01 0 days 1,920 sqft
    2023-01-01 0 days 2,051 sqft
    2023-02-01 0 days 2,093 sqft
    2023-03-01 0 days 2,053 sqft
    2023-04-01 0 days 2,016 sqft
    2023-05-01 0 days 2,071 sqft
    2023-06-01 0 days 2,074 sqft
    2023-07-01 0 days 2,095 sqft
    2023-08-01 0 days 1,956 sqft
    2023-09-01 0 days 1,934 sqft
    2023-10-01 0 days 1,904 sqft
    2023-11-01 0 days 1,907 sqft
    2023-12-01 0 days 2,010 sqft
    2024-01-01 0 days 1,980 sqft
    2024-02-01 0 days 2,050 sqft
    2024-03-01 0 days 1,991 sqft
    2024-04-01 0 days 1,950 sqft
    2024-05-01 0 days 2,023 sqft
    2024-06-01 0 days 2,088 sqft
    2024-07-01 0 days 2,208 sqft
    2024-08-01 0 days 2,250 sqft
    2024-09-01 0 days 2,186 sqft
    2024-10-01 0 days 2,091 sqft
    Scottsboro's median listing age (time on market) for 2024-10-01 was 0 days.

    Scottsboro's median square footage for active listings during the 2024-10-01 period was 2,091 sqft. One year prior, the average listing was 1,904 sqft.

    Scottsboro, AL Market Loan Reason

    Loan Purpose Originations Total Value Average Loan
    Home Purchase 452 $92,920,000 $205,575
    Refi 141 $19,685,000 $139,610
    Cash Out Refi 89 $14,715,000 $165,337
    Other 87 $6,975,000 $80,172
    Home Improvement 58 $3,900,000 $67,241

    Scottsboro's most frequently cited loan purpose was Home Purchase, with 452 originations. The 2nd most popular reason was Refi, with 141 originations.

    Interest Rate Frequencies

    Loan Rate Originations Total Value Average Loan
    6-7% 239 $50,735,000 $212,280
    Over 8% 191 $17,715,000 $92,749
    7-8% 154 $28,630,000 $185,909
    5-6% 100 $23,790,000 $237,900
    4-5% 8 $2,330,000 $291,250
    3-4% 3 $1,085,000 $361,667
    <2.5% 1 $265,000 $265,000

    During 2023, Scottsboro's most frequently originated rate bucket was 6-7%, with 239 originations.

    Loan Sizing (Scottsboro, AL MSA)

    Loan Size Originations Total Value Average Loan
    $100k-200k 304 $43,680,000 $143,684
    $100,000 or less 285 $16,275,000 $57,105
    $200k-400k 196 $53,010,000 $270,459
    $400k-600k 26 $12,070,000 $464,231
    $600k-1000k 14 $10,310,000 $736,429
    $Over $1MM 2 $2,850,000 $1,425,000

    Scottsboro's loan sizing saw the bucket of loans from $100k-200k with 304 originations, totaling $43,680,000 in origination value.

    LTV Distribution

    Loan to Value Originations Total Value Average Loan
    80-100% 327 $70,525,000 $215,673
    60-80% 121 $26,185,000 $216,405
    20-40% 80 $7,390,000 $92,375
    40-60% 75 $11,145,000 $148,600
    Under 20% 68 $2,930,000 $43,088
    Over 100% 19 $5,695,000 $299,737

    Scottsboro's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 327 originations, totaling $70,525,000 in origination value.