Tupelo Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in Tupelo averaged
6.78%
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
7.01% and
one month ago for the week of 2023-02-09, the
average rate was 6.2%.
Tupelo's average rate one year ago was 3.81%.
For refis of the same type during the week of 2023-03-16, the average rate
was 6.91%.
| Loan Type | Date | Rate |
|---|---|---|
| US 30 Year Fixed Rate | 2023-03-16 | 6.6% |
| Tupelo 30 Year Fixed Rate | 2023-03-16 | 6.78% |
| Tupelo 30 Year Fixed Rate Refi | 2023-03-16 | 6.91% |
| Tupelo 15 Year Fixed Rate | 2023-03-16 | 6.49% |
| Tupelo 15 Year Fixed Rate Refi | 2023-03-16 | 6.11% |
| Tupelo 30 Year FHA | 2023-03-16 | 6.42% |
| Tupelo 30 Year FHA Refi | 2023-03-16 | 6.31% |
| Tupelo 30 Year USDA | 2023-03-16 | 6.38% |
| Tupelo 30 Year USDA Refi | 2023-03-16 | 6.54% |
| Tupelo 30 Year VA | 2023-03-16 | 6.28% |
| Tupelo 30 Year VA Refi | 2023-03-16 | 5.74% |
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 98 lenders originated 3,445
loans during 2022. The total origination value was $597,945,000, with an average loan value of
$173,569.
Tupelo's average closing costs are $4,483.
The top Tupelo lender as defined by loan originations is BancorpSouth Bank, with
163 loans originated. Their average total fees are
$3,955, which is $239
higher than the next largest lender,
Renasant Bank.
The lowest fee Tupelo lenders (with over 10 loans originated) are
CB&S Bank, Inc. ($2,493), BankPlus ($2,739), Community Bank of Mississippi ($2,827), Regions Bank ($3,238) and Renasant Bank ($3,716).
The lowest rate Tupelo lenders (with over 10 loans originated) are
Community Bank of Mississippi (4.28%), FIRST COMMUNITY MORTGAGE, INC. (4.63%), Trustmark National Bank (4.67%), QUICKEN LOANS, LLC (4.74%) and Regions Bank (4.92%).
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 | 2021 Loan Value | 2022 Loan Value | % Change | 2022 Market Share |
|---|---|---|---|---|
| BancorpSouth Bank | $136,105,000 | $94,260,000 | -30.7% | 15.8% |
| Renasant Bank | $119,550,000 | $83,990,000 | -29.7% | 14.0% |
| Flagstar Bank, FSB | $65,260,000 | $52,295,000 | -19.9% | 8.7% |
| BankPlus | $52,575,000 | $40,365,000 | -23.2% | 6.8% |
| Community Bank of Mississippi | $38,780,000 | $32,790,000 | -15.4% | 5.5% |
| QUICKEN LOANS, LLC | $59,455,000 | $31,080,000 | -47.7% | 5.2% |
| MOVEMENT MORTGAGE, LLC | $6,210,000 | $22,165,000 | 256.9% | 3.7% |
| Trustmark National Bank | $25,610,000 | $21,315,000 | -16.8% | 3.6% |
| BELLWETHER ENTERPRISE REAL ESTATE CAPITAL, LLC | $1,935,000 | $16,805,000 | 768.5% | 2.8% |
| GMFS LLC | $22,615,000 | $14,025,000 | -38.0% | 2.3% |
| Mortgage Research Center, LLC | $17,405,000 | $12,690,000 | -27.1% | 2.1% |
| CROSSCOUNTRY MORTGAGE, LLC | $4,475,000 | $12,530,000 | 180.0% | 2.1% |
| Regions Bank | $17,400,000 | $12,385,000 | -28.8% | 2.1% |
| Bank of England | $3,115,000 | $8,055,000 | 158.6% | 1.3% |
| FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $13,935,000 | $8,015,000 | -42.5% | 1.3% |
| STOCKTON MORTGAGE CORPORATION | $2,405,000 | $6,115,000 | 154.3% | 1.0% |
| 21ST MORTGAGE CORPORATION | $7,235,000 | $5,905,000 | -18.4% | 1.0% |
| LOANDEPOT.COM, LLC | $7,045,000 | $5,680,000 | -19.4% | 0.9% |
| CB&S Bank, Inc. | $5,070,000 | $4,700,000 | -7.3% | 0.8% |
| TRIAD FINANCIAL SERVICES, INC. | $2,605,000 | $4,555,000 | 74.9% | 0.8% |
| Mr. Cooper ( Nationstar Mortgage ) | $3,980,000 | $4,245,000 | 6.7% | 0.7% |
| FIRST COMMUNITY MORTGAGE, INC. | $1,290,000 | $4,045,000 | 213.6% | 0.7% |
| Ixonia Bank | $2,935,000 | $4,040,000 | 37.6% | 0.7% |
| NAVY FEDERAL CREDIT UNION | $1,730,000 | $3,825,000 | 121.1% | 0.6% |
| Wells Fargo Bank | $6,745,000 | $3,565,000 | -47.1% | 0.6% |
| UNITED WHOLESALE MORTGAGE, LLC | $1,750,000 | $3,425,000 | 95.7% | 0.6% |
| AMERISAVE MORTGAGE CORPORATION | $6,445,000 | $3,335,000 | -48.3% | 0.6% |
| BankFirst Financial Services | $3,345,000 | $3,135,000 | -6.3% | 0.5% |
| FREEDOM MORTGAGE CORPORATION | $9,485,000 | $2,910,000 | -69.3% | 0.5% |
| CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP | $1,895,000 | $2,795,000 | 47.5% | 0.5% |
| JPMorgan Chase Bank | $1,730,000 | $2,330,000 | 34.7% | 0.4% |
| United Community Bank | $2,180,000 | n/a | 0.4% | |
| AMERICAN HOME LENDING USA, LLC | $3,905,000 | $1,950,000 | -50.1% | 0.3% |
| MORTGAGE SOLUTIONS OF COLORADO, LLC | $220,000 | $1,935,000 | 779.5% | 0.3% |
| NEW DAY FINANCIAL, LLC | $3,100,000 | $1,745,000 | -43.7% | 0.3% |
| Citizens Bank | $1,030,000 | $1,660,000 | 61.2% | 0.3% |
| VANDERBILT MORTGAGE AND FINANCE, INC. | $1,170,000 | $1,625,000 | 38.9% | 0.3% |
| PENNYMAC LOAN SERVICES, LLC | $6,630,000 | $1,615,000 | -75.6% | 0.3% |
| SOUTHWEST STAGE FUNDING, LLC | $2,675,000 | $1,495,000 | -44.1% | 0.3% |
| MORTGAGE INVESTORS GROUP, INC. | $4,115,000 | $1,460,000 | -64.5% | 0.2% |
| ACIPCO Federal Credit Union | $475,000 | $1,330,000 | 180.0% | 0.2% |
| USAA Federal Savings Bank | $2,740,000 | $1,330,000 | -51.5% | 0.2% |
| CIS Financial Services, Inc. | $5,560,000 | $1,285,000 | -76.9% | 0.2% |
| UNIFY FINANCIAL Credit Union | $1,700,000 | $1,275,000 | -25.0% | 0.2% |
| FirstBank | $565,000 | $1,190,000 | 110.6% | 0.2% |
| BROKER SOLUTIONS, INC. | $2,015,000 | $1,180,000 | -41.4% | 0.2% |
| Wyndham Capital Mortgage, Inc. | $135,000 | $1,090,000 | 707.4% | 0.2% |
| BETTER MORTGAGE CORPORATION | $1,770,000 | $1,085,000 | -38.7% | 0.2% |
| COMMUNITY MORTGAGE CORPORATION | $4,515,000 | $1,065,000 | -76.4% | 0.2% |
| CALIBER HOME LOANS, INC. | $10,540,000 | $1,040,000 | -90.1% | 0.2% |
| Planters Bank & Trust Company | $2,245,000 | $1,010,000 | -55.0% | 0.2% |
| The Bank of Holly Springs | $1,000,000 | $990,000 | -1.0% | 0.2% |
| Magnolia Bank | $485,000 | $975,000 | 101.0% | 0.2% |
| ROYAL UNITED MORTGAGE LLC | $1,090,000 | $965,000 | -11.5% | 0.2% |
| LAKEVIEW LOAN SERVICING, LLC | $1,255,000 | $950,000 | -24.3% | 0.2% |
| NEWREZ LLC | $2,440,000 | $840,000 | -65.6% | 0.1% |
| CSL Financial, LLC | $420,000 | $830,000 | 97.6% | 0.1% |
| CHURCHILL MORTGAGE CORPORATION | $775,000 | $825,000 | 6.5% | 0.1% |
| The Federal Savings Bank | $655,000 | $810,000 | 23.7% | 0.1% |
| GUARANTEED RATE, INC. | $430,000 | $805,000 | 87.2% | 0.1% |
| HOME POINT FINANCIAL CORPORATION | $710,000 | $780,000 | 9.9% | 0.1% |
| AMERICAN FINANCING CORPORATION | $350,000 | $760,000 | 117.1% | 0.1% |
| Stifel Bank and Trust | $1,330,000 | $725,000 | -45.5% | 0.1% |
| MUTUAL OF OMAHA MORTGAGE, INC. | $1,825,000 | $710,000 | -61.1% | 0.1% |
| The Citizens National Bank of Meridian | $285,000 | $645,000 | 126.3% | 0.1% |
| SIRVA MORTGAGE, INC. | $620,000 | n/a | 0.1% | |
| Figure Lending LLC | $120,000 | $615,000 | 412.5% | 0.1% |
| First Southern National Bank | $610,000 | n/a | 0.1% | |
| FINANCE OF AMERICA MORTGAGE LLC | $605,000 | n/a | 0.1% | |
| South State Bank | $600,000 | n/a | 0.1% | |
| Low VA Rates, LLC | $215,000 | $560,000 | 160.5% | 0.1% |
| UBS Bank USA | $555,000 | n/a | 0.1% | |
| PENTAGON FEDERAL CREDIT UNION | $645,000 | $550,000 | -14.7% | 0.1% |
| ARC HOME LLC | $235,000 | $535,000 | 127.7% | 0.1% |
| First Southern Bank | $535,000 | n/a | 0.1% | |
| LENDINGONE, LLC | $535,000 | n/a | 0.1% | |
| Origin Bank | $535,000 | n/a | 0.1% | |
| AMERICAN FINANCIAL RESOURCES, INC. | $85,000 | $530,000 | 523.5% | 0.1% |
| Evolve Bank & Trust | $285,000 | $525,000 | 84.2% | 0.1% |
| M&T Bank | $330,000 | $525,000 | 59.1% | 0.1% |
| First National Bank | $495,000 | n/a | 0.1% | |
| Truist | $175,000 | $490,000 | 180.0% | 0.1% |
| Discover Bank | $465,000 | $480,000 | 3.2% | 0.1% |
| Nations Lending Corporation | $900,000 | $470,000 | -47.8% | 0.1% |
| VILLAGE CAPITAL MORTGAGE | $445,000 | $465,000 | 4.5% | 0.1% |
| PRIMELENDING, A PLAINSCAPITAL COMPANY | $11,255,000 | $460,000 | -95.9% | 0.1% |
| Pinnacle Bank | $990,000 | $450,000 | -54.5% | 0.1% |
| Ally Bank | $175,000 | $445,000 | 154.3% | 0.1% |
| PLANET HOME LENDING, LLC | $600,000 | $440,000 | -26.7% | 0.1% |
| Barrington Bank & Trust Company, N.A. | $1,295,000 | $430,000 | -66.8% | 0.1% |
| EMBRACE HOME LOANS, INC. | $165,000 | $410,000 | 148.5% | 0.1% |
| Patriot Bank | $400,000 | n/a | 0.1% | |
| ACADEMY MORTGAGE CORPORATION | $395,000 | n/a | 0.1% | |
| East Coast Capital Corp. | $385,000 | n/a | 0.1% | |
| Carrington Mortgage Services, LLC | $1,940,000 | $380,000 | -80.4% | 0.1% |
| Deere Employees Credit Union | $105,000 | $365,000 | 247.6% | 0.1% |
| NexBank | $365,000 | n/a | 0.1% | |
| AmeriHome Mortgage Company, LLC | $355,000 | n/a | 0.1% | |
| First Commercial Bank | $2,570,000 | $355,000 | -86.2% | 0.1% |
| Superior Credit Union, Inc. | $345,000 | n/a | 0.1% | |
| AMERICAN PACIFIC MORTGAGE CORPORATION | $330,000 | n/a | 0.1% | |
| COUNTRYPLACE MORTGAGE, LTD. | $330,000 | n/a | 0.1% | |
| INTERLINC MORTGAGE SERVICES, LLC | $145,000 | $330,000 | 127.6% | 0.1% |
| SUCCESS MORTGAGE PARTNERS, INC. | $325,000 | n/a | 0.1% | |
| THRIVE MORTGAGE, LLC | $325,000 | n/a | 0.1% | |
| RELIANCE FIRST CAPITAL, LLC | $485,000 | $320,000 | -34.0% | 0.1% |
| NETWORK CAPITAL FUNDING CORPORATION | $315,000 | n/a | 0.1% | |
| First Horizon Bank | $780,000 | $310,000 | -60.3% | 0.1% |
| FORT FINANCIAL Federal Credit Union | $430,000 | $305,000 | -29.1% | 0.1% |
| The First National Bank of Middle Tennessee | $305,000 | n/a | 0.1% | |
| UNION HOME MORTGAGE CORP. | $305,000 | n/a | 0.1% | |
| LIMA ONE CAPITAL, LLC | $295,000 | n/a | 0.0% | |
| CMG MORTGAGE, INC. | $205,000 | $290,000 | 41.5% | 0.0% |
| NBKC BANK | $205,000 | $285,000 | 39.0% | 0.0% |
| The Central Trust Bank | $235,000 | $285,000 | 21.3% | 0.0% |
| GENEVA FINANCIAL, LLC | $280,000 | n/a | 0.0% | |
| Blue Ridge Bank | $1,910,000 | $270,000 | -85.9% | 0.0% |
| CRESCENT MORTGAGE COMPANY | $270,000 | n/a | 0.0% | |
| Baxter Credit Union | $35,000 | $255,000 | 628.6% | 0.0% |
| Eagle Bank and Trust Company | $420,000 | $255,000 | -39.3% | 0.0% |
| HIGHLANDS RESIDENTIAL MORTGAGE, LTD. | $255,000 | n/a | 0.0% | |
| MORIA DEVELOPMENT, INC. | $255,000 | n/a | 0.0% | |
| Raymond James Bank | $245,000 | n/a | 0.0% | |
| PriorityOne Bank | $315,000 | $240,000 | -23.8% | 0.0% |
| Assurance Financial Group, L.L.C. | $235,000 | n/a | 0.0% | |
| First Vision Bank of Tennessee | $215,000 | n/a | 0.0% | |
| PNC Bank | $215,000 | n/a | 0.0% | |
| AMERICAN HERITAGE LENDING, INC. | $210,000 | n/a | 0.0% | |
| U.S. Bank | $635,000 | $200,000 | -68.5% | 0.0% |
| PREMIA MORTGAGE, LLC | $105,000 | $195,000 | 85.7% | 0.0% |
| SECURITYNATIONAL MORTGAGE COMPANY | $185,000 | n/a | 0.0% | |
| ANGEL OAK HOME LOANS LLC | $365,000 | $175,000 | -52.1% | 0.0% |
| CONTOUR MORTGAGE CORPORATION | $175,000 | n/a | 0.0% | |
| GUARANTY HOME MORTGAGE CORPORATION | $175,000 | n/a | 0.0% | |
| Mid-Continent Funding, Inc. | $505,000 | $175,000 | -65.3% | 0.0% |
| KEESLER | $105,000 | $165,000 | 57.1% | 0.0% |
| FLAT BRANCH MORTGAGE, INC. | $155,000 | n/a | 0.0% | |
| Tyndall Federal Credit Union | $155,000 | n/a | 0.0% | |
| Bank Independent | $175,000 | $145,000 | -17.1% | 0.0% |
| FIRST SOUTH FINANCIAL | $135,000 | n/a | 0.0% | |
| Northpointe Bank | $370,000 | $135,000 | -63.5% | 0.0% |
| Plains Commerce Bank | $330,000 | $135,000 | -59.1% | 0.0% |
| Southeast Financial Credit Union | $185,000 | $135,000 | -27.0% | 0.0% |
| STANDARD MORTGAGE CORPORATION | $135,000 | n/a | 0.0% | |
| STAR ONE CREDIT UNION | $135,000 | n/a | 0.0% | |
| STEARNS LENDING, LLC | $635,000 | $135,000 | -78.7% | 0.0% |
| UNITED MORTGAGE CORP. | $135,000 | n/a | 0.0% | |
| SPRING EQ, LLC | $25,000 | $125,000 | 400.0% | 0.0% |
| DRAPER AND KRAMER MORTGAGE CORP. | $415,000 | $105,000 | -74.7% | 0.0% |
| First Security Bank | $105,000 | n/a | 0.0% | |
| Guaranty Bank and Trust Company | $275,000 | $105,000 | -61.8% | 0.0% |
| GUILD MORTGAGE COMPANY | $910,000 | $105,000 | -88.5% | 0.0% |
| LIBERTY HOME MORTGAGE CORPORATION | $75,000 | $105,000 | 40.0% | 0.0% |
| PRIMARY RESIDENTIAL MORTGAGE, INC. | $340,000 | $105,000 | -69.1% | 0.0% |
| TEMPLE VIEW CAPITAL FUNDING, LP | $105,000 | n/a | 0.0% | |
| ZILLOW HOME LOANS, LLC | $410,000 | $105,000 | -74.4% | 0.0% |
| Hometown Lenders, Inc. | $185,000 | $95,000 | -48.6% | 0.0% |
| VELOCITY COMMERCIAL CAPITAL, LLC | $95,000 | n/a | 0.0% | |
| Wolfe Financial, Inc | $95,000 | n/a | 0.0% | |
| CITIZENS EQUITY FIRST | $135,000 | $85,000 | -37.0% | 0.0% |
| DAS Acquisition Company, LLC | $85,000 | n/a | 0.0% | |
| FBC MORTGAGE, LLC | $75,000 | n/a | 0.0% | |
| First Home Bank | $310,000 | $75,000 | -75.8% | 0.0% |
| Southern Bancorp Bank | $75,000 | n/a | 0.0% | |
| AMERICAN ADVISORS GROUP | $575,000 | $65,000 | -88.7% | 0.0% |
| FINANCE OF AMERICA REVERSE LLC | $65,000 | n/a | 0.0% | |
| CREDIT UNION MORTGAGE ASSOCIATION, INC. | $450,000 | $55,000 | -87.8% | 0.0% |
| First Federal Bank, A FSB | $55,000 | n/a | 0.0% | |
| Bank of America | $765,000 | $45,000 | -94.1% | 0.0% |
| DEPARTMENT OF THE INTERIOR FEDERAL CREDIT UNION | $15,000 | n/a | 0.0% |
Tupelo's top lender by overall market share is BancorpSouth Bank, with 15.8% market share. In second place, with 14.0%, is Renasant Bank, having originated $83,990,000 in loans. In third place, with 8.7%, is Flagstar Bank, FSB, having originated $52,295,000 in loans. In fourth place, with 6.8%, is BankPlus, having originated $40,365,000 in loans. In fifth place, with 5.5%, is Community Bank of Mississippi, having originated $32,790,000 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 (7.8%) | $204,528 (2.7%) | 0.61 | 543 |
| 2018-02-01 | $172,500 (15.1%) | $208,942 (3.3%) | 0.63 | 541 |
| 2018-03-01 | $172,900 (10.9%) | $207,986 (0.5%) | 0.61 | 554 |
| 2018-04-01 | $178,300 (8.4%) | $210,885 (0.4%) | 0.60 | 590 |
| 2018-05-01 | $178,788 (9.6%) | $211,648 (2.8%) | 0.60 | 586 |
| 2018-06-01 | $175,000 (6.1%) | $212,275 (1.7%) | 0.58 | 597 |
| 2018-07-01 | $178,175 (8.0%) | $215,689 (2.2%) | 0.59 | 611 |
| 2018-08-01 | $179,125 (12.5%) | $218,698 (6.5%) | 0.60 | 598 |
| 2018-09-01 | $179,000 (12.1%) | $226,005 (13.1%) | 0.60 | 585 |
| 2018-10-01 | $175,125 (9.5%) | $224,471 (12.7%) | 0.59 | 548 |
| 2018-11-01 | $175,000 (7.6%) | $223,987 (10.1%) | 0.59 | 528 |
| 2018-12-01 | $175,000 (6.4%) | $223,146 (9.7%) | 0.60 | 495 |
| 2019-01-01 | $175,000 (6.1%) | $225,258 (10.1%) | 0.60 | 482 |
| 2019-02-01 | $177,700 (3.0%) | $227,688 (9.0%) | 0.60 | 484 |
| 2019-03-01 | $188,243 (8.9%) | $237,052 (14.0%) | 0.62 | 485 |
| 2019-04-01 | $200,450 (12.4%) | $246,375 (16.8%) | 0.64 | 480 |
| 2019-05-01 | $202,250 (13.1%) | $244,610 (15.6%) | 0.63 | 498 |
| 2019-06-01 | $199,900 (14.2%) | $249,564 (17.6%) | 0.62 | 496 |
| 2019-07-01 | $198,750 (11.6%) | $248,526 (15.2%) | 0.62 | 509 |
| 2019-08-01 | $196,882 (9.9%) | $244,896 (12.0%) | 0.62 | 504 |
| 2019-09-01 | $192,955 (7.8%) | $239,728 (6.1%) | 0.62 | 502 |
| 2019-10-01 | $189,900 (8.4%) | $237,609 (5.9%) | 0.61 | 494 |
| 2019-11-01 | $187,000 (6.9%) | $233,046 (4.0%) | 0.61 | 474 |
| 2019-12-01 | $184,675 (5.5%) | $228,886 (2.6%) | 0.62 | 461 |
| 2020-01-01 | $182,175 (4.1%) | $229,104 (1.7%) | 0.61 | 447 |
| 2020-02-01 | $182,550 (2.7%) | $227,839 (0.1%) | 0.59 | 463 |
| 2020-03-01 | $188,375 (0.1%) | $236,385 (-0.3%) | 0.59 | 446 |
| 2020-04-01 | $190,000 (-5.2%) | $243,391 (-1.2%) | 0.59 | 426 |
| 2020-05-01 | $190,000 (-6.1%) | $246,037 (0.6%) | 0.58 | 390 |
| 2020-06-01 | $199,700 (-0.1%) | $260,441 (4.4%) | 0.59 | 353 |
| 2020-07-01 | $214,975 (8.2%) | $269,599 (8.5%) | 0.62 | 340 |
| 2020-08-01 | $212,000 (7.7%) | $268,729 (9.7%) | 0.61 | 322 |
| 2020-09-01 | $209,000 (8.3%) | $269,157 (12.3%) | 0.60 | 310 |
| 2020-10-01 | $215,000 (13.2%) | $276,429 (16.3%) | 0.62 | 287 |
| 2020-11-01 | $219,900 (17.6%) | $284,202 (22.0%) | 0.64 | 281 |
| 2020-12-01 | $218,000 (18.1%) | $288,583 (26.1%) | 0.65 | 282 |
| 2021-01-01 | $210,000 (15.3%) | $282,160 (23.2%) | 0.63 | 255 |
| 2021-02-01 | $208,950 (14.5%) | $270,014 (18.5%) | 0.61 | 235 |
| 2021-03-01 | $224,450 (19.2%) | $269,407 (14.0%) | 0.64 | 213 |
| 2021-04-01 | $223,425 (17.6%) | $281,700 (15.7%) | 0.60 | 188 |
| 2021-05-01 | $200,000 (5.3%) | $270,562 (10.0%) | 0.53 | 200 |
| 2021-06-01 | $225,725 (13.0%) | $286,807 (10.1%) | 0.59 | 218 |
| 2021-07-01 | $219,900 (2.3%) | $284,620 (5.6%) | 0.58 | 229 |
| 2021-08-01 | $222,450 (4.9%) | $294,497 (9.6%) | 0.59 | 241 |
| 2021-09-01 | $226,450 (8.4%) | $295,500 (9.8%) | 0.60 | 244 |
| 2021-10-01 | $232,000 (7.9%) | $302,049 (9.3%) | 0.62 | 276 |
| 2021-11-01 | $239,475 (8.9%) | $308,379 (8.5%) | 0.64 | 254 |
| 2021-12-01 | $237,138 (8.8%) | $298,936 (3.6%) | 0.64 | 243 |
| 2022-01-01 | $234,500 (11.7%) | $288,068 (2.1%) | 0.63 | 214 |
| 2022-02-01 | $237,200 (13.5%) | $292,225 (8.2%) | 0.62 | 179 |
| 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 (-0.3%) | 0.58 | 328 |
| 2022-09-01 | $249,950 (10.4%) | $291,462 (-1.4%) | 0.58 | 344 |
| 2022-10-01 | $250,000 (7.8%) | $291,456 (-3.5%) | 0.59 | 360 |
| 2022-11-01 | $250,000 (4.4%) | $288,879 (-6.3%) | 0.60 | 355 |
| 2022-12-01 | $249,450 (5.2%) | $290,129 (-3.0%) | 0.62 | 323 |
| 2023-01-01 | $257,000 (9.6%) | $296,772 (3.0%) | 0.63 | 280 |
| 2023-02-01 | $259,950 (9.6%) | $306,204 (4.8%) | 0.63 | 268 |
Tupelo's median listing price comes in at 63% of the national average.
Tupelo's average listing price for 2023-02-01 was $306,204, a difference of $13,979 (4.8%) versus the prior year and $9,432 versus the prior month.
For the 2023-02-01 period, Tupelo had 268 MLS listings, a difference of -12 listings (-4%) versus the prior month and 89 listings (50%) 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 | 96 days | 2,001 sqft |
| 2018-02-01 | 94 days | 2,057 sqft |
| 2018-03-01 | 78 days | 2,028 sqft |
| 2018-04-01 | 74 days | 2,099 sqft |
| 2018-05-01 | 77 days | 2,102 sqft |
| 2018-06-01 | 80 days | 2,047 sqft |
| 2018-07-01 | 88 days | 2,089 sqft |
| 2018-08-01 | 88 days | 2,102 sqft |
| 2018-09-01 | 87 days | 2,100 sqft |
| 2018-10-01 | 95 days | 2,081 sqft |
| 2018-11-01 | 95 days | 2,100 sqft |
| 2018-12-01 | 101 days | 2,094 sqft |
| 2019-01-01 | 104 days | 2,133 sqft |
| 2019-02-01 | 93 days | 2,141 sqft |
| 2019-03-01 | 81 days | 2,176 sqft |
| 2019-04-01 | 75 days | 2,231 sqft |
| 2019-05-01 | 72 days | 2,231 sqft |
| 2019-06-01 | 72 days | 2,231 sqft |
| 2019-07-01 | 81 days | 2,240 sqft |
| 2019-08-01 | 82 days | 2,220 sqft |
| 2019-09-01 | 78 days | 2,188 sqft |
| 2019-10-01 | 76 days | 2,170 sqft |
| 2019-11-01 | 86 days | 2,144 sqft |
| 2019-12-01 | 96 days | 2,103 sqft |
| 2020-01-01 | 105 days | 2,063 sqft |
| 2020-02-01 | 99 days | 2,039 sqft |
| 2020-03-01 | 94 days | 2,063 sqft |
| 2020-04-01 | 90 days | 2,095 sqft |
| 2020-05-01 | 96 days | 2,143 sqft |
| 2020-06-01 | 100 days | 2,199 sqft |
| 2020-07-01 | 97 days | 2,224 sqft |
| 2020-08-01 | 78 days | 2,183 sqft |
| 2020-09-01 | 69 days | 2,174 sqft |
| 2020-10-01 | 73 days | 2,253 sqft |
| 2020-11-01 | 73 days | 2,300 sqft |
| 2020-12-01 | 78 days | 2,288 sqft |
| 2021-01-01 | 89 days | 2,263 sqft |
| 2021-02-01 | 81 days | 2,148 sqft |
| 2021-03-01 | 57 days | 2,145 sqft |
| 2021-04-01 | 55 days | 2,145 sqft |
| 2021-05-01 | 46 days | 2,094 sqft |
| 2021-06-01 | 39 days | 2,140 sqft |
| 2021-07-01 | 46 days | 2,123 sqft |
| 2021-08-01 | 50 days | 2,145 sqft |
| 2021-09-01 | 56 days | 2,130 sqft |
| 2021-10-01 | 64 days | 2,140 sqft |
| 2021-11-01 | 60 days | 2,088 sqft |
| 2021-12-01 | 73 days | 2,104 sqft |
| 2022-01-01 | 83 days | 2,076 sqft |
| 2022-02-01 | 75 days | 2,136 sqft |
| 2022-03-01 | 49 days | 2,093 sqft |
| 2022-04-01 | 43 days | 2,112 sqft |
| 2022-05-01 | 44 days | 2,046 sqft |
| 2022-06-01 | 42 days | 2,030 sqft |
| 2022-07-01 | 43 days | 2,064 sqft |
| 2022-08-01 | 52 days | 2,064 sqft |
| 2022-09-01 | 56 days | 2,048 sqft |
| 2022-10-01 | 68 days | 2,079 sqft |
| 2022-11-01 | 80 days | 2,100 sqft |
| 2022-12-01 | 88 days | 2,084 sqft |
| 2023-01-01 | 89 days | 2,096 sqft |
| 2023-02-01 | 80 days | 2,098 sqft |
Tupelo's median square footage for active listings during the 2023-02-01 period was 2,098 sqft. One year prior, the average listing was 2,136 sqft.
Tupelo, MS Market Loan Reason
| Loan Purpose | Originations | Total Value | Average Loan |
|---|---|---|---|
| Home Purchase | 1,753 | $340,555,000 | $194,270 |
| Refi | 821 | $156,165,000 | $190,213 |
| Cash Out Refi | 428 | $67,950,000 | $158,762 |
| Other | 304 | $22,380,000 | $73,618 |
| Home Improvement | 139 | $10,895,000 | $78,381 |
Tupelo's most frequently cited loan purpose was Home Purchase, with 1,753 originations. The 2nd most popular reason was Refi, with 821 originations.
Interest Rate Frequencies
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 3-4% | 883 | $159,595,000 | $180,742 |
| 5-6% | 839 | $157,675,000 | $187,932 |
| 4-5% | 796 | $137,150,000 | $172,299 |
| 6-7% | 397 | $58,825,000 | $148,174 |
| 2.5-3% | 157 | $26,895,000 | $171,306 |
| 7-8% | 141 | $17,165,000 | $121,738 |
| <2.5% | 105 | $11,495,000 | $109,476 |
| Over 8% | 100 | $9,180,000 | $91,800 |
During 2022, Tupelo's most frequently originated rate bucket was 3-4%, with 883 originations.
Loan Sizing (Tupelo, MS MSA)
| Loan Size | Originations | Total Value | Average Loan |
|---|---|---|---|
| $100k-200k | 1,343 | $196,435,000 | $146,266 |
| $100,000 or less | 1,090 | $61,610,000 | $56,523 |
| $200k-400k | 871 | $231,665,000 | $265,976 |
| $400k-600k | 102 | $48,380,000 | $474,314 |
| $600k-1000k | 27 | $20,185,000 | $747,593 |
| $Over $1MM | 12 | $39,670,000 | $3,305,833 |
Tupelo's loan sizing saw the bucket of loans from $100k-200k with 1,343 originations, totaling $196,435,000 in origination value.
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan |
|---|---|---|---|
| 80-100% | 1,604 | $326,910,000 | $203,809 |
| 60-80% | 731 | $139,285,000 | $190,540 |
| 20-40% | 346 | $38,520,000 | $111,329 |
| Under 20% | 341 | $12,285,000 | $36,026 |
| 40-60% | 329 | $48,215,000 | $146,550 |
| Over 100% | 53 | $10,455,000 | $197,264 |
Tupelo's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 1,604 originations, totaling $326,910,000 in origination value.