Tupelo 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 Tupelo averaged 6.56% for the week of 2024-11-07, compared to the national average of 6.79% for the same period.

    The average rate for the prior week (2024-10-31) was 6.79% and one month ago for the week of 2024-10-03, the average rate was 6.19%.

    Tupelo's average rate one year ago was 7.73%.

    For refis of the same type during the week of 2024-11-07, the average rate was 7.05%.

    Loan Type Date Rate
    US 30 Year Fixed Rate 2024-11-07 6.79%
    Tupelo 30 Year Fixed Rate 2024-11-07 6.56%
    Tupelo 30 Year Fixed Rate Refi 2024-11-07 7.05%
    Tupelo 15 Year Fixed Rate 2024-11-07 5.8%
    Tupelo 15 Year Fixed Rate Refi 2024-11-07 6.3%
    Tupelo 30 Year FHA 2024-11-07 6.18%
    Tupelo 30 Year FHA Refi 2024-11-07 6.43%
    Tupelo 30 Year USDA 2024-11-07 6.09%
    Tupelo 30 Year USDA Refi 2024-11-07 6.38%
    Tupelo 30 Year VA 2024-11-07 6.6%
    Tupelo 30 Year VA Refi 2024-11-07 6.14%
    Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations within Tupelo, MS.

    Tupelo 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 Tupelo, 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
    BancorpSouth 106 6.57% $4,315
    Renasant Bank 83 6.82% $4,422
    QUICKEN LOANS, LLC 41 6.77% $6,362
    Flagstar Bank, FSB 38 6.63% $7,553
    MOVEMENT MORTGAGE, LLC 25 6.54% $5,097
    BankPlus 24 6.94% $3,101
    Trustmark National Bank 20 6.35% $6,601
    Community Bank of Mississippi 19 7.38% $3,074
    GMFS LLC 18 6.77% $4,170
    Regions Bank 15 6.73% $4,405
    STOCKTON MORTGAGE CORPORATION 13 6.98% $5,628
    FIRST COMMUNITY MORTGAGE, INC. 11 6.51% $4,146
    Wells Fargo Bank 7 5.80% $2,001
    Bank of England 7 7.05% $7,912
    Mortgage Research Center, LLC 6 6.52% $2,238
    CROSSCOUNTRY MORTGAGE, LLC 6 7.08% $7,131
    AMERISAVE MORTGAGE CORPORATION 6 6.56% $8,458
    CB&S Bank, Inc. 5 7.48% $1,719
    Stifel Bank and Trust 5 6.00% $2,776
    Mr. Cooper ( Nationstar Mortgage ) 4 6.90% $7,582
    Magnolia Bank 4 6.16% $4,256
    NAVY FEDERAL CREDIT UNION 4 7.03% $3,628
    Discover Bank 3 7.32% $0
    UNITED WHOLESALE MORTGAGE, LLC 3 7.12% $6,783
    USAA Federal Savings Bank 3 6.63% $4,288
    PENNYMAC LOAN SERVICES, LLC 3 7.04% $4,692
    GUARANTEED RATE, INC. 2 6.94% $3,981
    BROKER SOLUTIONS, INC. 2 6.50% $5,665
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 2 6.56% $4,129
    FBC MORTGAGE, LLC 2 7.25% $4,505
    CHURCHILL MORTGAGE CORPORATION 2 6.81% $4,736
    FirstBank 2 7.90% $3,808
    AmeriHome Mortgage Company, LLC 2 6.38% $4,680
    BMO Harris Bank 2 7.13% $4,239
    UNION HOME MORTGAGE CORP. 2 7.19% $4,904
    United Community Bank 2 7.92% $3,970
    GENEVA FINANCIAL, LLC 2 6.44% $14,473
    MORTGAGE INVESTORS GROUP, INC. 2 6.63% $6,459
    Hancock Whitney Bank 1 7.25% $6,997
    Ally Bank 1 6.13% $5,706
    AMERICAN FINANCIAL RESOURCES, INC. 1 7.13% $3,734
    Bank Independent 1 6.25% $4,329
    CANOPY MORTGAGE, LLC 1 7.99% $5,967
    Citizens Bank 1 5.75% $7,326
    CMG MORTGAGE, INC. 1 6.75% $5,738
    COMMUNITY MORTGAGE CORPORATION 1 6.50% $3,737
    CORNERSTONE HOME LENDING, INC. 1 6.88% $3,969
    CREDIT UNION MORTGAGE ASSOCIATION, INC. 1 6.88% $3,644
    Eagle Bank and Trust Company 1 6.75% $1,984
    EVERETT FINANCIAL, INC. 1 7.25% $6,678
    Evolve Bank & Trust 1 6.38% $4,220
    FIDELITY BANK 1 6.00% $4,095
    First Community Bank 1 5.99% $3,120
    First Horizon Bank 1 7.63% $3,493
    FirstTrust Home Loans, Inc. 1 6.99% $7,625
    FORT FINANCIAL Federal Credit Union 1 7.13% $5,832
    21ST MORTGAGE CORPORATION 1 8.85% $4,455
    JPMorgan Chase Bank 1 7.13% $1,888
    Lakeview Community Capital, LLC 1 6.63% $5,849
    Listerhill Credit Union 1 7.25% $2,335
    Morgan Stanley Private Bank 1 5.80% $3,863
    MORTGAGE SOLUTIONS OF COLORADO, LLC 1 7.38% $4,589
    MUTUAL OF OMAHA MORTGAGE, INC. 1 7.00% $5,648
    Nations Lending Corporation 1 6.38% $821
    NEWREZ LLC 1 5.99% $7,483
    Northpointe Bank 1 6.50% $6,829
    Pinnacle Bank 1 6.63% $3,764
    PRIMELENDING, A PLAINSCAPITAL COMPANY 1 7.63% $5,640
    RIVERTRUST Federal Credit Union 1 6.50% $2,507
    ROYAL UNITED MORTGAGE LLC 1 7.00% $10,108
    SIRVA MORTGAGE, INC. 1 6.75% $0
    Truist 1 5.37% $4,154
    UNIFY FINANCIAL Credit Union 1 7.75% $1,564
    U.S. Bank 1 7.50% $3,162
    VANDERBILT MORTGAGE AND FINANCE, INC. 1 7.25% $4,396
    ZILLOW HOME LOANS, LLC 1 6.88% $7,559

    Tupelo Average Closing Costs & Other Stats

    Tupelo, MS's 76 lenders originated 2,540 loans during 2023. The total origination value was $417,620,000, with an average loan value of $164,417.

    Tupelo's average closing costs are $4,705.

    The top Tupelo lender as defined by loan originations is BancorpSouth, with 106 loans originated. Their average total fees are $4,315, which is $107 lower than the next largest lender, Renasant Bank.

    The lowest fee Tupelo lenders (with over 10 loans originated) are Community Bank of Mississippi ($3,074), BankPlus ($3,101), FIRST COMMUNITY MORTGAGE, INC. ($4,146), GMFS LLC ($4,170) and BancorpSouth ($4,315).

    The lowest rate Tupelo lenders (with over 10 loans originated) are Trustmark National Bank (6.35%), FIRST COMMUNITY MORTGAGE, INC. (6.51%), MOVEMENT MORTGAGE, LLC (6.54%), BancorpSouth (6.57%) and Flagstar Bank, FSB (6.63%).

    Tupelo, 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
    BancorpSouth $94,260,000 $59,510,000 -36.9% 14.2%
    Renasant Bank $83,990,000 $55,105,000 -34.4% 13.2%
    Flagstar Bank, FSB $52,295,000 $32,225,000 -38.4% 7.7%
    BankPlus $40,365,000 $23,965,000 -40.6% 5.7%
    Community Bank of Mississippi $32,790,000 $21,085,000 -35.7% 5.0%
    QUICKEN LOANS, LLC $31,080,000 $20,730,000 -33.3% 5.0%
    Trustmark National Bank $21,315,000 $13,975,000 -34.4% 3.3%
    Mortgage Research Center, LLC $12,690,000 $13,630,000 7.4% 3.3%
    STOCKTON MORTGAGE CORPORATION $6,115,000 $12,970,000 112.1% 3.1%
    BERKELEY POINT CAPITAL LLC $11,540,000 n/a 2.8%
    CROSSCOUNTRY MORTGAGE, LLC $12,530,000 $10,930,000 -12.8% 2.6%
    WALKER & DUNLOP, LLC $10,925,000 n/a 2.6%
    BankFirst Financial Services $3,135,000 $9,155,000 192.0% 2.2%
    Regions Bank $12,385,000 $8,655,000 -30.1% 2.1%
    MOVEMENT MORTGAGE, LLC $22,165,000 $8,035,000 -63.7% 1.9%
    21ST MORTGAGE CORPORATION $5,905,000 $7,630,000 29.2% 1.8%
    GMFS LLC $14,025,000 $5,625,000 -59.9% 1.3%
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION $8,015,000 $5,490,000 -31.5% 1.3%
    Bank of England $8,055,000 $4,510,000 -44.0% 1.1%
    CB&S Bank, Inc. $4,700,000 $4,000,000 -14.9% 1.0%
    CIS Financial Services, Inc. $1,285,000 $3,755,000 192.2% 0.9%
    GENEVA FINANCIAL, LLC $280,000 $3,430,000 1,125.0% 0.8%
    USAA Federal Savings Bank $1,330,000 $3,310,000 148.9% 0.8%
    UNITED WHOLESALE MORTGAGE, LLC $3,425,000 $2,890,000 -15.6% 0.7%
    FIRST COMMUNITY MORTGAGE, INC. $4,045,000 $2,550,000 -37.0% 0.6%
    NAVY FEDERAL CREDIT UNION $3,825,000 $2,465,000 -35.6% 0.6%
    FREEDOM MORTGAGE CORPORATION $2,910,000 $2,360,000 -18.9% 0.6%
    TRIAD FINANCIAL SERVICES, INC. $4,555,000 $2,155,000 -52.7% 0.5%
    Magnolia Bank $975,000 $2,055,000 110.8% 0.5%
    CARDINAL FINANCIAL $2,795,000 $1,950,000 -30.2% 0.5%
    PENNYMAC LOAN SERVICES, LLC $1,615,000 $1,905,000 18.0% 0.5%
    AMERISAVE MORTGAGE CORPORATION $3,335,000 $1,870,000 -43.9% 0.4%
    Wells Fargo Bank $3,565,000 $1,695,000 -52.5% 0.4%
    Mr. Cooper ( Nationstar Mortgage ) $4,245,000 $1,685,000 -60.3% 0.4%
    BROKER SOLUTIONS, INC. $1,180,000 $1,645,000 39.4% 0.4%
    LOANDEPOT.COM, LLC $5,680,000 $1,265,000 -77.7% 0.3%
    Nations Lending Corporation $470,000 $1,265,000 169.1% 0.3%
    FirstBank $1,190,000 $1,260,000 5.9% 0.3%
    MORTGAGE INVESTORS GROUP, INC. $1,460,000 $1,205,000 -17.5% 0.3%
    GUARANTEED RATE, INC. $805,000 $1,185,000 47.2% 0.3%
    VANDERBILT MORTGAGE AND FINANCE, INC. $1,625,000 $1,115,000 -31.4% 0.3%
    Stifel Bank and Trust $725,000 $1,105,000 52.4% 0.3%
    AMERICAN FINANCIAL RESOURCES, INC. $530,000 $970,000 83.0% 0.2%
    Discover Bank $480,000 $925,000 92.7% 0.2%
    CHURCHILL MORTGAGE CORPORATION $825,000 $900,000 9.1% 0.2%
    Paragon Bank $860,000 n/a 0.2%
    MORTGAGE SOLUTIONS OF COLORADO, LLC $1,935,000 $850,000 -56.1% 0.2%
    The Bank of Holly Springs $990,000 $810,000 -18.2% 0.2%
    SOUTHWEST STAGE FUNDING, LLC $1,495,000 $805,000 -46.2% 0.2%
    Ixonia Bank $4,040,000 $785,000 -80.6% 0.2%
    NEW DAY FINANCIAL, LLC $1,745,000 $785,000 -55.0% 0.2%
    Bank Independent $145,000 $715,000 393.1% 0.2%
    SUPERIOR CHOICE $700,000 n/a 0.2%
    First South Farm Credit, ACA $685,000 n/a 0.2%
    CREDIT UNION MORTGAGE ASSOCIATION, INC. $55,000 $605,000 1,000.0% 0.1%
    Guaranty Bank and Trust Company $105,000 $605,000 476.2% 0.1%
    United Community Bank $2,180,000 $600,000 -72.5% 0.1%
    Citizens Bank $1,660,000 $595,000 -64.2% 0.1%
    CSL Financial, LLC $830,000 $565,000 -31.9% 0.1%
    ROYAL UNITED MORTGAGE LLC $965,000 $565,000 -41.5% 0.1%
    GUILD MORTGAGE COMPANY $105,000 $540,000 414.3% 0.1%
    EVERETT FINANCIAL, INC. $535,000 n/a 0.1%
    A&D Mortgage LLC $500,000 n/a 0.1%
    AMCAP MORTGAGE, LTD. $485,000 n/a 0.1%
    FBC MORTGAGE, LLC $75,000 $485,000 546.7% 0.1%
    UNIFY FINANCIAL Credit Union $1,275,000 $485,000 -62.0% 0.1%
    Figure Lending LLC $615,000 $460,000 -25.2% 0.1%
    LIMA ONE CAPITAL, LLC $295,000 $460,000 55.9% 0.1%
    CMG MORTGAGE, INC. $290,000 $440,000 51.7% 0.1%
    BMO Harris Bank $400,000 n/a 0.1%
    RELIANCE FIRST CAPITAL, LLC $320,000 $390,000 21.9% 0.1%
    Morgan Stanley Private Bank $385,000 n/a 0.1%
    Barrington Bank & Trust Company, N.A. $430,000 $380,000 -11.6% 0.1%
    CANOPY MORTGAGE, LLC $370,000 n/a 0.1%
    NEWREZ LLC $840,000 $360,000 -57.1% 0.1%
    AMERICAN PACIFIC MORTGAGE CORPORATION $330,000 $355,000 7.6% 0.1%
    COMMUNITY MORTGAGE CORPORATION $1,065,000 $355,000 -66.7% 0.1%
    JPMorgan Chase Bank $2,330,000 $350,000 -85.0% 0.1%
    Carrington Mortgage Services, LLC $380,000 $345,000 -9.2% 0.1%
    Colonial Savings, F.A. $345,000 n/a 0.1%
    Truist $490,000 $330,000 -32.7% 0.1%
    SPRING EQ, LLC $125,000 $325,000 160.0% 0.1%
    PRIMELENDING, A PLAINSCAPITAL COMPANY $460,000 $320,000 -30.4% 0.1%
    South State Bank $600,000 $320,000 -46.7% 0.1%
    FirstTrust Home Loans, Inc. $315,000 n/a 0.1%
    AmeriHome Mortgage Company, LLC $355,000 $300,000 -15.5% 0.1%
    Pinnacle Bank $450,000 $285,000 -36.7% 0.1%
    Northpointe Bank $135,000 $265,000 96.3% 0.1%
    ZILLOW HOME LOANS, LLC $105,000 $265,000 152.4% 0.1%
    EMBRACE HOME LOANS, INC. $410,000 $255,000 -37.8% 0.1%
    FIDELITY BANK $255,000 n/a 0.1%
    U.S. Bank $200,000 $255,000 27.5% 0.1%
    MUTUAL OF OMAHA MORTGAGE, INC. $710,000 $240,000 -66.2% 0.1%
    Paramount Residential Mortgage Group, Inc. $235,000 n/a 0.1%
    Peoples Bank $235,000 n/a 0.1%
    UNION HOME MORTGAGE CORP. $305,000 $230,000 -24.6% 0.1%
    Merchants & Planters Bank $215,000 n/a 0.1%
    The First, A National Banking Association $215,000 n/a 0.1%
    CREDIT HUMAN FEDERAL CREDIT UNION $210,000 n/a 0.1%
    First Commercial Bank $355,000 $205,000 -42.3% 0.0%
    Hancock Whitney Bank $205,000 n/a 0.0%
    LIBERTY HOME MORTGAGE CORPORATION $105,000 $205,000 95.2% 0.0%
    Mid-Continent Funding, Inc. $175,000 $205,000 17.1% 0.0%
    SIRVA MORTGAGE, INC. $620,000 $205,000 -66.9% 0.0%
    Listerhill Credit Union $200,000 n/a 0.0%
    1ST SIGNATURE LENDING, LLC $195,000 n/a 0.0%
    Ally Bank $445,000 $195,000 -56.2% 0.0%
    FINANCE OF AMERICA REVERSE LLC $65,000 $195,000 200.0% 0.0%
    KEESLER $165,000 $195,000 18.2% 0.0%
    TOTAL MORTGAGE SERVICES, LLC $185,000 n/a 0.0%
    Bank of America $45,000 $175,000 288.9% 0.0%
    BETTER MORTGAGE CORPORATION $1,085,000 $175,000 -83.9% 0.0%
    First Horizon Bank $310,000 $175,000 -43.5% 0.0%
    HOMESIDE FINANCIAL, LLC $175,000 n/a 0.0%
    PLAZA HOME MORTGAGE, INC. $175,000 n/a 0.0%
    Coastal Community Bank $170,000 n/a 0.0%
    QUORUM FEDERAL CREDIT UNION $170,000 n/a 0.0%
    First Security Bank $105,000 $165,000 57.1% 0.0%
    FORT FINANCIAL Federal Credit Union $305,000 $165,000 -45.9% 0.0%
    Equity Prime Mortgage LLC $155,000 n/a 0.0%
    PLANET HOME LENDING, LLC $440,000 $155,000 -64.8% 0.0%
    The Citizens National Bank of Meridian $645,000 $155,000 -76.0% 0.0%
    M&T Bank $525,000 $145,000 -72.4% 0.0%
    First Community Bank $125,000 n/a 0.0%
    OPEN MORTGAGE, LLC $125,000 n/a 0.0%
    SUN WEST MORTGAGE COMPANY, INC. $115,000 n/a 0.0%
    CITIZENS EQUITY FIRST $85,000 $105,000 23.5% 0.0%
    Commercial Bank & Trust Co. $105,000 n/a 0.0%
    Eagle Bank and Trust Company $255,000 $105,000 -58.8% 0.0%
    Lakeview Community Capital, LLC $105,000 n/a 0.0%
    LAKEVIEW LOAN SERVICING, LLC $950,000 $105,000 -88.9% 0.0%
    PriorityOne Bank $240,000 $105,000 -56.3% 0.0%
    RUOFF MORTGAGE COMPANY, INC. $105,000 n/a 0.0%
    Plains Commerce Bank $135,000 $95,000 -29.6% 0.0%
    CORNERSTONE HOME LENDING, INC. $85,000 n/a 0.0%
    The Bank of Fayette County $85,000 n/a 0.0%
    First Eagle Federal Credi Union $75,000 n/a 0.0%
    RIVERTRUST Federal Credit Union $75,000 n/a 0.0%
    Evolve Bank & Trust $525,000 $65,000 -87.6% 0.0%
    HOMEBRIDGE FINANCIAL SERVICES, INC. $45,000 n/a 0.0%

    Tupelo's top lender by overall market share is BancorpSouth, with 14.2% market share. In second place, with 13.2%, is Renasant Bank, having originated $55,105,000 in loans. In third place, with 7.7%, is Flagstar Bank, FSB, having originated $32,225,000 in loans. In fourth place, with 5.7%, is BankPlus, having originated $23,965,000 in loans. In fifth place, with 5.0%, is Community Bank of Mississippi, having originated $21,085,000 in loans.

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

    Realtor.com - Tupelo (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 $165,000 (8.0%) $204,557 (2.7%) 0.61 542
    2018-02-01 $172,500 (15.1%) $209,031 (3.4%) 0.63 541
    2018-03-01 $173,900 (11.9%) $208,152 (0.6%) 0.61 554
    2018-04-01 $178,212 (8.7%) $210,885 (0.4%) 0.60 590
    2018-05-01 $178,788 (10.0%) $211,648 (2.7%) 0.60 586
    2018-06-01 $175,000 (6.1%) $212,484 (1.8%) 0.58 597
    2018-07-01 $179,000 (8.5%) $215,890 (2.3%) 0.60 612
    2018-08-01 $179,250 (13.0%) $218,899 (6.6%) 0.60 598
    2018-09-01 $179,000 (12.2%) $226,441 (13.3%) 0.60 585
    2018-10-01 $175,475 (9.7%) $224,943 (13.0%) 0.59 548
    2018-11-01 $175,500 (8.6%) $224,490 (10.3%) 0.59 528
    2018-12-01 $175,000 (6.4%) $223,387 (9.8%) 0.60 496
    2019-01-01 $175,000 (6.1%) $225,532 (10.3%) 0.60 482
    2019-02-01 $177,800 (3.1%) $228,004 (9.1%) 0.60 484
    2019-03-01 $188,357 (8.3%) $237,258 (14.0%) 0.62 485
    2019-04-01 $200,950 (12.8%) $246,554 (16.9%) 0.64 481
    2019-05-01 $204,500 (14.4%) $244,785 (15.7%) 0.64 499
    2019-06-01 $199,900 (14.2%) $249,725 (17.5%) 0.62 497
    2019-07-01 $198,850 (11.1%) $248,696 (15.2%) 0.62 510
    2019-08-01 $197,027 (9.9%) $245,069 (12.0%) 0.62 505
    2019-09-01 $193,018 (7.8%) $239,920 (6.0%) 0.62 503
    2019-10-01 $189,900 (8.2%) $237,814 (5.7%) 0.61 495
    2019-11-01 $188,400 (7.4%) $233,265 (3.9%) 0.62 475
    2019-12-01 $184,900 (5.7%) $229,142 (2.6%) 0.62 462
    2020-01-01 $182,175 (4.1%) $229,243 (1.7%) 0.61 447
    2020-02-01 $182,500 (2.6%) $227,977 (0.0%) 0.60 463
    2020-03-01 $187,750 (-0.3%) $236,568 (-0.3%) 0.59 445
    2020-04-01 $189,950 (-5.5%) $243,608 (-1.2%) 0.60 425
    2020-05-01 $189,950 (-7.1%) $246,282 (0.6%) 0.58 389
    2020-06-01 $199,700 (-0.1%) $260,814 (4.4%) 0.59 353
    2020-07-01 $215,000 (8.1%) $270,310 (8.7%) 0.62 339
    2020-08-01 $212,000 (7.6%) $269,191 (9.8%) 0.61 322
    2020-09-01 $209,000 (8.3%) $269,700 (12.4%) 0.60 310
    2020-10-01 $215,000 (13.2%) $277,019 (16.5%) 0.62 287
    2020-11-01 $219,975 (16.8%) $284,817 (22.1%) 0.64 281
    2020-12-01 $219,225 (18.6%) $289,261 (26.2%) 0.65 282
    2021-01-01 $212,450 (16.6%) $282,564 (23.3%) 0.63 255
    2021-02-01 $210,450 (15.3%) $270,233 (18.5%) 0.61 235
    2021-03-01 $224,450 (19.6%) $269,407 (13.9%) 0.64 213
    2021-04-01 $223,425 (17.6%) $281,700 (15.6%) 0.60 188
    2021-05-01 $200,000 (5.3%) $270,562 (9.9%) 0.53 200
    2021-06-01 $225,725 (13.0%) $286,807 (10.0%) 0.59 218
    2021-07-01 $219,900 (2.3%) $284,620 (5.3%) 0.58 229
    2021-08-01 $222,450 (4.9%) $294,621 (9.5%) 0.59 241
    2021-09-01 $229,475 (9.8%) $296,011 (9.8%) 0.61 245
    2021-10-01 $232,000 (7.9%) $302,595 (9.2%) 0.62 274
    2021-11-01 $240,000 (9.1%) $309,330 (8.6%) 0.64 252
    2021-12-01 $238,363 (8.7%) $299,525 (3.6%) 0.65 241
    2022-01-01 $235,275 (10.7%) $288,271 (2.0%) 0.64 212
    2022-02-01 $237,400 (12.8%) $292,366 (8.2%) 0.62 178
    2022-03-01 $244,000 (8.7%) $293,143 (8.8%) 0.61 175
    2022-04-01 $249,900 (11.9%) $296,327 (5.2%) 0.60 182
    2022-05-01 $238,675 (19.3%) $290,720 (7.5%) 0.55 215
    2022-06-01 $249,900 (10.7%) $286,200 (-0.2%) 0.56 255
    2022-07-01 $249,900 (13.6%) $288,507 (1.4%) 0.56 292
    2022-08-01 $250,625 (12.7%) $293,585 (-0.4%) 0.58 328
    2022-09-01 $249,950 (8.9%) $291,462 (-1.5%) 0.58 344
    2022-10-01 $250,000 (7.8%) $291,456 (-3.7%) 0.59 360
    2022-11-01 $250,000 (4.2%) $288,879 (-6.6%) 0.60 355
    2022-12-01 $249,450 (4.7%) $290,129 (-3.1%) 0.62 323
    2023-01-01 $257,000 (9.2%) $296,772 (3.0%) 0.64 280
    2023-02-01 $259,950 (9.5%) $306,204 (4.7%) 0.63 267
    2023-03-01 $264,975 (8.6%) $308,299 (5.2%) 0.62 257
    2023-04-01 $259,900 (4.0%) $309,036 (4.3%) 0.60 267
    2023-05-01 $275,000 (15.2%) $320,325 (10.2%) 0.62 268
    2023-06-01 $273,575 (9.5%) $327,616 (14.5%) 0.61 285
    2023-07-01 $272,000 (8.8%) $320,343 (11.0%) 0.62 281
    2023-08-01 $259,950 (3.7%) $317,516 (8.2%) 0.60 297
    2023-09-01 $254,950 (2.0%) $302,976 (4.0%) 0.59 323
    2023-10-01 $249,575 (-0.2%) $297,326 (2.0%) 0.59 339
    2023-11-01 $252,450 (1.0%) $303,562 (5.1%) 0.60 362
    2023-12-01 $249,999 (0.2%) $302,366 (4.2%) 0.61 356
    2024-01-01 $257,450 (0.2%) $309,658 (4.3%) 0.63 341
    2024-02-01 $262,400 (0.9%) $309,560 (1.1%) 0.63 330
    2024-03-01 $262,500 (-0.9%) $314,424 (2.0%) 0.62 328
    2024-04-01 $279,900 (7.7%) $324,721 (5.1%) 0.65 303
    2024-05-01 $281,725 (2.5%) $328,315 (2.5%) 0.64 333
    2024-06-01 $277,450 (1.4%) $320,020 (-2.3%) 0.62 323
    2024-07-01 $264,956 (-2.6%) $310,967 (-2.9%) 0.61 325
    2024-08-01 $257,475 (-1.0%) $298,599 (-6.0%) 0.60 354
    2024-09-01 $262,500 (3.0%) $302,692 (-0.1%) 0.62 381
    2024-10-01 $269,225 (7.9%) $315,467 (6.1%) 0.63 386
    Tupelo's median listing price for 2024-10-01 was $269,225, a difference of $19,650 (7.9%) versus the prior year and $6,725 versus the prior month.

    Tupelo's median listing price comes in at 63% of the national average.

    Tupelo's average listing price for 2024-10-01 was $315,467, a difference of $18,141 (6.1%) versus the prior year and $12,775 versus the prior month.

    For the 2024-10-01 period, Tupelo had 386 MLS listings, a difference of 5 listings (1%) versus the prior month and 47 listings (14%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Tupelo (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 92 days 2,001 sqft
    2018-02-01 86 days 2,058 sqft
    2018-03-01 68 days 2,029 sqft
    2018-04-01 68 days 2,099 sqft
    2018-05-01 72 days 2,102 sqft
    2018-06-01 74 days 2,047 sqft
    2018-07-01 80 days 2,088 sqft
    2018-08-01 81 days 2,101 sqft
    2018-09-01 81 days 2,100 sqft
    2018-10-01 88 days 2,081 sqft
    2018-11-01 87 days 2,100 sqft
    2018-12-01 95 days 2,090 sqft
    2019-01-01 100 days 2,132 sqft
    2019-02-01 86 days 2,136 sqft
    2019-03-01 76 days 2,170 sqft
    2019-04-01 72 days 2,228 sqft
    2019-05-01 66 days 2,226 sqft
    2019-06-01 68 days 2,230 sqft
    2019-07-01 77 days 2,240 sqft
    2019-08-01 76 days 2,218 sqft
    2019-09-01 71 days 2,182 sqft
    2019-10-01 71 days 2,166 sqft
    2019-11-01 81 days 2,144 sqft
    2019-12-01 90 days 2,101 sqft
    2020-01-01 100 days 2,060 sqft
    2020-02-01 93 days 2,029 sqft
    2020-03-01 85 days 2,060 sqft
    2020-04-01 85 days 2,091 sqft
    2020-05-01 92 days 2,143 sqft
    2020-06-01 90 days 2,199 sqft
    2020-07-01 86 days 2,233 sqft
    2020-08-01 68 days 2,183 sqft
    2020-09-01 60 days 2,174 sqft
    2020-10-01 66 days 2,253 sqft
    2020-11-01 65 days 2,300 sqft
    2020-12-01 72 days 2,288 sqft
    2021-01-01 83 days 2,263 sqft
    2021-02-01 75 days 2,148 sqft
    2021-03-01 52 days 2,145 sqft
    2021-04-01 46 days 2,145 sqft
    2021-05-01 43 days 2,094 sqft
    2021-06-01 37 days 2,140 sqft
    2021-07-01 45 days 2,123 sqft
    2021-08-01 46 days 2,145 sqft
    2021-09-01 55 days 2,127 sqft
    2021-10-01 61 days 2,145 sqft
    2021-11-01 59 days 2,103 sqft
    2021-12-01 71 days 2,123 sqft
    2022-01-01 80 days 2,096 sqft
    2022-02-01 70 days 2,140 sqft
    2022-03-01 46 days 2,100 sqft
    2022-04-01 39 days 2,112 sqft
    2022-05-01 41 days 2,048 sqft
    2022-06-01 40 days 2,036 sqft
    2022-07-01 41 days 2,070 sqft
    2022-08-01 49 days 2,064 sqft
    2022-09-01 55 days 2,048 sqft
    2022-10-01 66 days 2,082 sqft
    2022-11-01 77 days 2,100 sqft
    2022-12-01 87 days 2,090 sqft
    2023-01-01 85 days 2,112 sqft
    2023-02-01 78 days 2,098 sqft
    2023-03-01 67 days 2,152 sqft
    2023-04-01 60 days 2,150 sqft
    2023-05-01 52 days 2,204 sqft
    2023-06-01 47 days 2,190 sqft
    2023-07-01 53 days 2,076 sqft
    2023-08-01 58 days 2,102 sqft
    2023-09-01 60 days 2,100 sqft
    2023-10-01 59 days 2,010 sqft
    2023-11-01 53 days 1,979 sqft
    2023-12-01 65 days 1,956 sqft
    2024-01-01 77 days 2,013 sqft
    2024-02-01 89 days 2,029 sqft
    2024-03-01 68 days 2,066 sqft
    2024-04-01 61 days 2,200 sqft
    2024-05-01 53 days 2,207 sqft
    2024-06-01 57 days 2,124 sqft
    2024-07-01 60 days 2,059 sqft
    2024-08-01 59 days 1,988 sqft
    2024-09-01 60 days 1,998 sqft
    2024-10-01 64 days 2,000 sqft
    Tupelo's median listing age (time on market) for 2024-10-01 was 64 days. This is 9% longer than the same period one year ago.

    Tupelo's median square footage for active listings during the 2024-10-01 period was 2,000 sqft. One year prior, the average listing was 2,010 sqft.

    Tupelo, MS Market Loan Reason

    Loan Purpose Originations Total Value Average Loan
    Home Purchase 1,370 $273,200,000 $199,416
    Refi 510 $71,690,000 $140,569
    Other 272 $19,350,000 $71,140
    Cash Out Refi 232 $44,660,000 $192,500
    Home Improvement 156 $8,720,000 $55,897

    Tupelo's most frequently cited loan purpose was Home Purchase, with 1,370 originations. The 2nd most popular reason was Refi, with 510 originations.

    Interest Rate Frequencies

    Loan Rate Originations Total Value Average Loan
    6-7% 778 $150,810,000 $193,843
    Over 8% 647 $60,245,000 $93,114
    7-8% 645 $98,365,000 $152,504
    5-6% 332 $94,570,000 $284,849
    <2.5% 48 $3,080,000 $64,167
    4-5% 45 $5,515,000 $122,556
    3-4% 11 $1,025,000 $93,182
    2.5-3% 2 $70,000 $35,000

    During 2023, Tupelo's most frequently originated rate bucket was 6-7%, with 778 originations.

    Loan Sizing (Tupelo, MS MSA)

    Loan Size Originations Total Value Average Loan
    $100,000 or less 958 $50,420,000 $52,630
    $100k-200k 907 $130,835,000 $144,250
    $200k-400k 567 $149,625,000 $263,889
    $400k-600k 69 $32,645,000 $473,116
    $600k-1000k 26 $18,080,000 $695,385
    $Over $1MM 13 $36,015,000 $2,770,385

    Tupelo's loan sizing saw the bucket of loans from $100,000 or less with 958 originations, totaling $50,420,000 in origination value.

    LTV Distribution

    Loan to Value Originations Total Value Average Loan
    80-100% 1,092 $227,270,000 $208,123
    60-80% 462 $93,960,000 $203,377
    Under 20% 364 $12,970,000 $35,632
    20-40% 338 $26,850,000 $79,438
    40-60% 203 $41,825,000 $206,034
    Over 100% 42 $9,920,000 $236,190

    Tupelo's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 1,092 originations, totaling $227,270,000 in origination value.