Blacksburg USDA Loan Rates, Closing Costs & Stats
BLACKSBURG-CHRISTIANSBURG, VA
USDA loans are zero-downpayment loans targeted towards lower-income households in rural areas. They can be made directly by the US Department of Agriculture or through a participating lender-- and they typically to borrowers with credit scores over 640. They can have subsidized rates, making them very competitive in terms of cost, but they have more stringent standards on who is eligible as well as specific covenants such as only being available in rural areas and limits on home size.
Blacksburg's 17 lenders originated 70 USDA loans during 2023. The total origination value was $11,750,000, with an average USDA loan value of $167,857.
Blacksburg USDA Loans, 30 Year Fixed Rates
30 Year USDA mortgages in Blacksburg
averaged
6.65%
for the week of 2025-02-14, compared to the national average (all USDA variants) of
6.526% for the same period.
Blacksburg's average USDA mortgage closing costs are $4,689.
The average rate for the prior week (2025-02-07) was
6.61% and
one month ago for the week of 2025-01-10, the
average rate was 6.75%.
The average rate one year ago was 6.75%.
For refis of the same type during the week of 2025-02-14, the average rate
was 7.3%.
Blacksburg USDA Loan Lenders by Rates & Fees
The below table looks at the average fees/closing costs and rates for USDA 30 Year Fixed Rate (purchase, first lien) mortgages originated by each lender at the Blacksburg level.
| Name | # of Loans | 2023 Avg. 30yFix Rate | 2023 Avg. Closing Costs |
|---|---|---|---|
| Alcova Mortgage LLC | 20 | 7.00% | $3,179 |
| ATLANTIC BAY MORTGAGE GROUP, L.L.C. | 19 | 6.74% | $6,586 |
| FREEDOM FIRST | 5 | 6.10% | $4,820 |
| First Heritage Mortgage, LLC | 4 | 6.19% | $6,249 |
| MOVEMENT MORTGAGE, LLC | 4 | 6.34% | $7,244 |
| EMBRACE HOME LOANS, INC. | 3 | 6.21% | $6,413 |
| Waterstone Mortgage Corporation | 2 | 6.56% | $7,209 |
| First Reliance Bank | 2 | 6.75% | $5,565 |
| Renasant Bank | 2 | 6.69% | $5,710 |
| The Federal Savings Bank | 2 | 6.13% | $7,145 |
| Citizens Bank | 1 | 6.25% | $5,220 |
| PLAZA HOME MORTGAGE, INC. | 1 | 5.75% | $10,057 |
| Prosperity Home Mortgage, LLC | 1 | 7.13% | $6,159 |
| TOWNE MORTGAGE COMPANY | 1 | 7.25% | $5,574 |
| CARDINAL FINANCIAL | 1 | 5.75% | $7,392 |
| Atlantic Union Bank | 1 | 6.00% | $5,073 |
| Keystone Funding, Inc. | 1 | 6.13% | $11,512 |
The top Blacksburg USDA lender as defined by loan originations is Alcova Mortgage LLC, with
20 USDA loans originated. Their average total fees are
$3,179, which is $3,406
lower than the next largest lender,
ATLANTIC BAY MORTGAGE GROUP, L.L.C..
The lowest fee Blacksburg USDA lenders (with over 10 loans originated) are
Alcova Mortgage LLC ($3,179), ATLANTIC BAY MORTGAGE GROUP, L.L.C. ($6,586), .
The lowest rate Blacksburg USDA lenders (with over 10 loans originated) are
ATLANTIC BAY MORTGAGE GROUP, L.L.C. (6.74%), Alcova Mortgage LLC (7.00%), .
Market Conditions (Median, Average Prices & Listing Count)
Realtor.com - Blacksburg (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 | $233,188 (39.5%) | $350,419 (52.0%) | 0.86 | 455 |
| 2018-02-01 | $225,000 (24.3%) | $282,367 (17.5%) | 0.81 | 471 |
| 2018-03-01 | $225,000 (18.5%) | $286,391 (14.5%) | 0.79 | 507 |
| 2018-04-01 | $229,900 (15.0%) | $292,971 (11.2%) | 0.78 | 508 |
| 2018-05-01 | $229,200 (7.9%) | $287,440 (8.4%) | 0.75 | 571 |
| 2018-06-01 | $224,900 (5.0%) | $289,822 (6.1%) | 0.72 | 598 |
| 2018-07-01 | $214,900 (4.9%) | $283,181 (4.8%) | 0.70 | 639 |
| 2018-08-01 | $218,900 (4.5%) | $289,064 (6.1%) | 0.71 | 637 |
| 2018-09-01 | $219,450 (2.1%) | $288,063 (6.1%) | 0.71 | 618 |
| 2018-10-01 | $218,900 (1.5%) | $281,813 (2.6%) | 0.72 | 597 |
| 2018-11-01 | $225,000 (2.1%) | $294,468 (4.7%) | 0.73 | 556 |
| 2018-12-01 | $225,000 (-2.1%) | $303,421 (2.5%) | 0.75 | 503 |
| 2019-01-01 | $220,000 (-5.7%) | $310,792 (-11.3%) | 0.74 | 461 |
| 2019-02-01 | $233,938 (4.0%) | $322,649 (14.3%) | 0.78 | 443 |
| 2019-03-01 | $238,429 (6.0%) | $324,766 (13.4%) | 0.77 | 450 |
| 2019-04-01 | $243,741 (6.0%) | $329,475 (12.5%) | 0.76 | 462 |
| 2019-05-01 | $243,250 (6.1%) | $327,345 (13.9%) | 0.74 | 494 |
| 2019-06-01 | $249,000 (10.7%) | $337,457 (16.4%) | 0.75 | 487 |
| 2019-07-01 | $259,000 (20.5%) | $354,863 (25.3%) | 0.78 | 490 |
| 2019-08-01 | $253,136 (15.6%) | $351,325 (21.5%) | 0.77 | 482 |
| 2019-09-01 | $244,341 (11.3%) | $346,471 (20.3%) | 0.76 | 470 |
| 2019-10-01 | $237,625 (8.6%) | $339,794 (20.6%) | 0.74 | 454 |
| 2019-11-01 | $234,950 (4.4%) | $334,151 (13.5%) | 0.74 | 426 |
| 2019-12-01 | $229,375 (1.9%) | $340,188 (12.1%) | 0.72 | 380 |
| 2020-01-01 | $225,000 (2.3%) | $337,362 (8.6%) | 0.68 | 364 |
| 2020-02-01 | $225,000 (-3.8%) | $339,460 (5.2%) | 0.67 | 358 |
| 2020-03-01 | $239,438 (0.4%) | $331,778 (2.2%) | 0.73 | 371 |
| 2020-04-01 | $239,950 (-1.6%) | $334,399 (1.5%) | 0.75 | 367 |
| 2020-05-01 | $259,000 (6.5%) | $362,662 (10.8%) | 0.77 | 314 |
| 2020-06-01 | $275,000 (10.4%) | $375,578 (11.3%) | 0.79 | 324 |
| 2020-07-01 | $277,450 (7.1%) | $385,168 (8.5%) | 0.78 | 299 |
| 2020-08-01 | $275,000 (8.6%) | $377,310 (7.4%) | 0.74 | 285 |
| 2020-09-01 | $249,813 (2.2%) | $377,918 (9.1%) | 0.69 | 273 |
| 2020-10-01 | $249,250 (4.9%) | $368,056 (8.3%) | 0.69 | 267 |
| 2020-11-01 | $242,388 (3.2%) | $362,214 (8.4%) | 0.69 | 262 |
| 2020-12-01 | $239,450 (4.4%) | $359,809 (5.8%) | 0.68 | 230 |
| 2021-01-01 | $244,750 (8.8%) | $370,914 (10.0%) | 0.73 | 190 |
| 2021-02-01 | $258,688 (15.0%) | $390,466 (15.0%) | 0.73 | 171 |
| 2021-03-01 | $275,750 (15.2%) | $403,392 (21.6%) | 0.77 | 154 |
| 2021-04-01 | $304,475 (26.9%) | $448,805 (34.2%) | 0.78 | 163 |
| 2021-05-01 | $319,000 (23.2%) | $433,078 (19.4%) | 0.79 | 177 |
| 2021-06-01 | $307,425 (11.8%) | $420,391 (11.9%) | 0.78 | 216 |
| 2021-07-01 | $299,500 (8.0%) | $430,503 (11.8%) | 0.76 | 239 |
| 2021-08-01 | $289,925 (5.4%) | $411,399 (9.0%) | 0.76 | 235 |
| 2021-09-01 | $289,450 (15.9%) | $404,243 (7.0%) | 0.74 | 246 |
| 2021-10-01 | $279,000 (11.9%) | $388,682 (5.6%) | 0.69 | 218 |
| 2021-11-01 | $269,900 (11.4%) | $392,908 (8.5%) | 0.67 | 179 |
| 2021-12-01 | $267,450 (11.7%) | $401,554 (11.6%) | 0.68 | 163 |
| 2022-01-01 | $285,000 (16.5%) | $436,039 (17.6%) | 0.71 | 138 |
| 2022-02-01 | $296,150 (14.5%) | $425,459 (9.0%) | 0.70 | 153 |
| 2022-03-01 | $319,000 (15.7%) | $452,952 (12.3%) | 0.74 | 143 |
| 2022-04-01 | $325,000 (6.7%) | $455,255 (1.4%) | 0.73 | 178 |
| 2022-05-01 | $349,900 (9.7%) | $457,718 (5.7%) | 0.80 | 220 |
| 2022-06-01 | $351,750 (14.4%) | $460,094 (9.4%) | 0.78 | 267 |
| 2022-07-01 | $359,450 (20.0%) | $447,230 (3.9%) | 0.81 | 285 |
| 2022-08-01 | $334,725 (15.5%) | $441,523 (7.3%) | 0.76 | 270 |
| 2022-09-01 | $302,250 (4.4%) | $419,064 (3.7%) | 0.68 | 259 |
| 2022-10-01 | $327,450 (17.4%) | $433,063 (11.4%) | 0.74 | 258 |
| 2022-11-01 | $325,000 (20.4%) | $447,195 (13.8%) | 0.78 | 241 |
| 2022-12-01 | $325,000 (21.5%) | $461,687 (15.0%) | 0.80 | 207 |
| 2023-01-01 | $346,350 (21.5%) | $468,230 (7.4%) | 0.85 | 180 |
| 2023-02-01 | $345,725 (16.7%) | $466,352 (9.6%) | 0.84 | 193 |
| 2023-03-01 | $349,000 (9.4%) | $481,062 (6.2%) | 0.80 | 202 |
| 2023-04-01 | $364,950 (12.3%) | $493,987 (8.5%) | 0.83 | 203 |
| 2023-05-01 | $398,425 (13.9%) | $514,531 (12.4%) | 0.88 | 207 |
| 2023-06-01 | $373,088 (6.1%) | $503,903 (9.5%) | 0.83 | 221 |
| 2023-07-01 | $389,000 (8.2%) | $493,170 (10.3%) | 0.84 | 218 |
| 2023-08-01 | $382,000 (14.1%) | $496,775 (12.5%) | 0.85 | 226 |
| 2023-09-01 | $357,000 (18.1%) | $485,985 (16.0%) | 0.83 | 230 |
| 2023-10-01 | $351,250 (7.3%) | $471,646 (8.9%) | 0.83 | 249 |
| 2023-11-01 | $359,725 (10.7%) | $476,817 (6.6%) | 0.87 | 251 |
| 2023-12-01 | $362,475 (11.5%) | $476,694 (3.3%) | 0.90 | 242 |
| 2024-01-01 | $364,988 (5.4%) | $463,075 (-1.1%) | 0.90 | 224 |
| 2024-02-01 | $367,450 (6.3%) | $463,301 (-0.7%) | 0.88 | 206 |
| 2024-03-01 | $370,882 (6.3%) | $481,822 (0.2%) | 0.87 | 230 |
| 2024-04-01 | $383,727 (5.2%) | $499,224 (1.1%) | 0.88 | 242 |
| 2024-05-01 | $412,500 (3.5%) | $503,475 (-2.2%) | 0.97 | 263 |
| 2024-06-01 | $399,000 (7.0%) | $492,920 (-2.2%) | 0.93 | 281 |
| 2024-07-01 | $390,677 (0.4%) | $484,465 (-1.8%) | 0.89 | 313 |
| 2024-08-01 | $375,039 (-1.8%) | $473,830 (-4.6%) | 0.87 | 329 |
| 2024-09-01 | $373,770 (4.7%) | $471,033 (-3.1%) | 0.87 | 341 |
| 2024-10-01 | $354,900 (1.0%) | $447,243 (-5.2%) | 0.84 | 347 |
| 2024-11-01 | $364,900 (1.4%) | $470,559 (-1.3%) | 0.88 | 314 |
| 2024-12-01 | $320,750 (-11.5%) | $448,112 (-6.0%) | 0.79 | 290 |
| 2025-01-01 | $338,675 (-7.2%) | $462,366 (-0.2%) | 0.00 | 259 |
Blacksburg's median listing price comes in at 0% of the national average.
Blacksburg's average listing price for 2025-01-01 was $462,366, a difference of $-709 (-0.2%) versus the prior year and $14,254 versus the prior month.
For the 2025-01-01 period, Blacksburg had 259 MLS listings, a difference of -31 listings (-11%) versus the prior month and 35 listings (16%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Blacksburg (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis| Date | Median Listing Time on Market | Median Square Footage |
|---|---|---|
| 2018-01-01 | 91 days | 1,918 sqft |
| 2018-02-01 | 84 days | 1,871 sqft |
| 2018-03-01 | 59 days | 1,854 sqft |
| 2018-04-01 | 54 days | 1,917 sqft |
| 2018-05-01 | 48 days | 1,884 sqft |
| 2018-06-01 | 50 days | 1,865 sqft |
| 2018-07-01 | 61 days | 1,831 sqft |
| 2018-08-01 | 64 days | 1,866 sqft |
| 2018-09-01 | 80 days | 1,857 sqft |
| 2018-10-01 | 86 days | 1,853 sqft |
| 2018-11-01 | 96 days | 1,861 sqft |
| 2018-12-01 | 102 days | 1,850 sqft |
| 2019-01-01 | 104 days | 1,852 sqft |
| 2019-02-01 | 103 days | 1,876 sqft |
| 2019-03-01 | 70 days | 1,879 sqft |
| 2019-04-01 | 43 days | 1,925 sqft |
| 2019-05-01 | 45 days | 1,913 sqft |
| 2019-06-01 | 55 days | 1,949 sqft |
| 2019-07-01 | 66 days | 1,979 sqft |
| 2019-08-01 | 71 days | 1,965 sqft |
| 2019-09-01 | 75 days | 1,940 sqft |
| 2019-10-01 | 82 days | 1,919 sqft |
| 2019-11-01 | 89 days | 1,858 sqft |
| 2019-12-01 | 100 days | 1,799 sqft |
| 2020-01-01 | 93 days | 1,752 sqft |
| 2020-02-01 | 87 days | 1,749 sqft |
| 2020-03-01 | 65 days | 1,825 sqft |
| 2020-04-01 | 62 days | 1,866 sqft |
| 2020-05-01 | 79 days | 1,893 sqft |
| 2020-06-01 | 71 days | 1,997 sqft |
| 2020-07-01 | 57 days | 2,020 sqft |
| 2020-08-01 | 67 days | 2,025 sqft |
| 2020-09-01 | 59 days | 1,951 sqft |
| 2020-10-01 | 61 days | 1,850 sqft |
| 2020-11-01 | 61 days | 1,849 sqft |
| 2020-12-01 | 66 days | 1,758 sqft |
| 2021-01-01 | 79 days | 1,745 sqft |
| 2021-02-01 | 81 days | 1,896 sqft |
| 2021-03-01 | 53 days | 2,044 sqft |
| 2021-04-01 | 38 days | 2,099 sqft |
| 2021-05-01 | 40 days | 1,920 sqft |
| 2021-06-01 | 40 days | 1,956 sqft |
| 2021-07-01 | 47 days | 2,005 sqft |
| 2021-08-01 | 52 days | 1,840 sqft |
| 2021-09-01 | 55 days | 1,838 sqft |
| 2021-10-01 | 61 days | 1,772 sqft |
| 2021-11-01 | 76 days | 1,740 sqft |
| 2021-12-01 | 87 days | 1,735 sqft |
| 2022-01-01 | 64 days | 1,749 sqft |
| 2022-02-01 | 37 days | 1,718 sqft |
| 2022-03-01 | 38 days | 1,871 sqft |
| 2022-04-01 | 38 days | 1,880 sqft |
| 2022-05-01 | 31 days | 1,986 sqft |
| 2022-06-01 | 34 days | 2,032 sqft |
| 2022-07-01 | 45 days | 2,020 sqft |
| 2022-08-01 | 48 days | 1,976 sqft |
| 2022-09-01 | 52 days | 1,913 sqft |
| 2022-10-01 | 59 days | 1,933 sqft |
| 2022-11-01 | 55 days | 1,946 sqft |
| 2022-12-01 | 65 days | 1,917 sqft |
| 2023-01-01 | 68 days | 1,999 sqft |
| 2023-02-01 | 44 days | 1,984 sqft |
| 2023-03-01 | 45 days | 1,955 sqft |
| 2023-04-01 | 47 days | 1,968 sqft |
| 2023-05-01 | 44 days | 2,016 sqft |
| 2023-06-01 | 43 days | 2,028 sqft |
| 2023-07-01 | 43 days | 2,158 sqft |
| 2023-08-01 | 40 days | 2,102 sqft |
| 2023-09-01 | 41 days | 2,023 sqft |
| 2023-10-01 | 45 days | 1,923 sqft |
| 2023-11-01 | 46 days | 1,917 sqft |
| 2023-12-01 | 51 days | 1,927 sqft |
| 2024-01-01 | 61 days | 1,902 sqft |
| 2024-02-01 | 59 days | 1,937 sqft |
| 2024-03-01 | 43 days | 1,921 sqft |
| 2024-04-01 | 41 days | 2,015 sqft |
| 2024-05-01 | 41 days | 2,122 sqft |
| 2024-06-01 | 43 days | 2,037 sqft |
| 2024-07-01 | 46 days | 2,024 sqft |
| 2024-08-01 | 52 days | 2,023 sqft |
| 2024-09-01 | 62 days | 2,014 sqft |
| 2024-10-01 | 65 days | 1,968 sqft |
| 2024-11-01 | 71 days | 1,969 sqft |
| 2024-12-01 | 65 days | 1,836 sqft |
| 2025-01-01 | 0 days | 1,877 sqft |
Blacksburg's median square footage for active listings during the 2025-01-01 period was 1,877 sqft. One year prior, the average listing was 1,902 sqft.