Tupelo Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in Tupelo averaged
6.29%
for the week of 2024-10-10, compared to the national average of
6.32% for the same period.
The average rate for the prior week (2024-10-03) was
5.89% and
one month ago for the week of 2024-09-05, the
average rate was 6.52%.
Tupelo's average rate one year ago was 7.66%.
For refis of the same type during the week of 2024-10-10, the average rate
was 6.78%.
Loan Type | Date | Rate |
---|---|---|
US 30 Year Fixed Rate | 2024-10-10 | 6.32% |
Tupelo 30 Year Fixed Rate | 2024-10-10 | 6.29% |
Tupelo 30 Year Fixed Rate Refi | 2024-10-10 | 6.78% |
Tupelo 15 Year Fixed Rate | 2024-10-10 | 5.41% |
Tupelo 15 Year Fixed Rate Refi | 2024-10-10 | 5.81% |
Tupelo 30 Year FHA | 2024-10-10 | 5.65% |
Tupelo 30 Year FHA Refi | 2024-10-10 | 6.2% |
Tupelo 30 Year USDA | 2024-10-10 | 5.89% |
Tupelo 30 Year USDA Refi | 2024-10-10 | 5.88% |
Tupelo 30 Year VA | 2024-10-10 | 5.91% |
Tupelo 30 Year VA Refi | 2024-10-10 | 5.65% |
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.).
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. LouisDate | 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 |
Tupelo's median listing price comes in at 62% of the national average.
Tupelo's average listing price for 2024-09-01 was $302,692, a difference of $-284 (-0.1%) versus the prior year and $4,093 versus the prior month.
For the 2024-09-01 period, Tupelo had 381 MLS listings, a difference of 27 listings (8%) versus the prior month and 58 listings (18%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Tupelo (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | 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 |
Tupelo's median square footage for active listings during the 2024-09-01 period was 1,998 sqft. One year prior, the average listing was 2,100 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.