Boone USDA Loan Rates, Closing Costs & Stats

Boone, NC

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    • 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.

    Boone's 1 lenders originated 2 USDA loans during 2023. The total origination value was $400,000, with an average USDA loan value of $200,000.

    Boone USDA Loans, 30 Year Fixed Rates

    30 Year USDA mortgages in Boone averaged 6.35% for the week of 2025-02-14, compared to the national average (all USDA variants) of 6.526% for the same period.

    Boone's average USDA mortgage closing costs are $5,496.

    The average rate for the prior week (2025-02-07) was 6.41% and one month ago for the week of 2025-01-10, the average rate was 6.66%.

    The average rate one year ago was 6.35%.

    For refis of the same type during the week of 2025-02-14, the average rate was 6.53%.

    Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations.

    Boone 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 Boone level.

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    UNITED WHOLESALE MORTGAGE, LLC 2 7.09% $5,914

    The lowest fee Boone USDA lenders (with over 10 loans originated) are .

    The lowest rate Boone USDA lenders (with over 10 loans originated) are .

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Boone (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 $340,700 (14.6%) $491,524 (18.3%) 0.00 713
    2018-02-01 $352,450 (19.5%) $507,679 (25.9%) 0.00 698
    2018-03-01 $373,450 (24.9%) $521,823 (27.2%) 0.00 695
    2018-04-01 $359,250 (19.8%) $515,119 (24.8%) 0.00 731
    2018-05-01 $360,975 (44.6%) $510,650 (39.4%) 0.00 783
    2018-06-01 $376,500 (90.3%) $521,268 (67.8%) 0.00 876
    2018-07-01 $289,000 (44.6%) $427,614 (35.7%) 0.00 1,305
    2018-08-01 $199,000 (-39.3%) $324,983 (-28.2%) 0.00 1,662
    2018-09-01 $197,750 (-40.1%) $326,090 (-28.9%) 0.00 1,655
    2018-10-01 $189,800 (-42.5%) $321,284 (-30.9%) 0.00 1,633
    2018-11-01 $179,000 (-45.3%) $311,009 (-32.7%) 0.00 1,582
    2018-12-01 $169,000 (-48.6%) $308,271 (-35.1%) 0.00 1,475
    2019-01-01 $159,181 (-53.3%) $300,347 (-38.9%) 0.00 1,322
    2019-02-01 $150,000 (-57.4%) $295,424 (-41.8%) 0.00 1,325
    2019-03-01 $256,714 (-31.3%) $420,083 (-19.5%) 0.00 1,016
    2019-04-01 $399,000 (11.1%) $579,378 (12.5%) 0.00 606
    2019-05-01 $393,724 (9.1%) $572,213 (12.1%) 0.00 596
    2019-06-01 $399,000 (6.0%) $577,874 (10.9%) 0.00 663
    2019-07-01 $399,000 (38.1%) $584,285 (36.6%) 0.00 694
    2019-08-01 $404,455 (103.2%) $595,097 (83.1%) 0.00 676
    2019-09-01 $412,636 (108.7%) $606,850 (86.1%) 0.00 650
    2019-10-01 $421,950 (122.3%) $616,824 (92.0%) 0.00 623
    2019-11-01 $420,000 (134.6%) $615,618 (97.9%) 0.00 544
    2019-12-01 $417,500 (147.0%) $610,947 (98.2%) 0.00 495
    2020-01-01 $422,450 (165.4%) $616,598 (105.3%) 0.00 438
    2020-02-01 $435,000 (190.0%) $629,343 (113.0%) 0.00 414
    2020-03-01 $449,125 (75.0%) $624,826 (48.7%) 0.00 420
    2020-04-01 $449,125 (12.6%) $629,320 (8.6%) 0.00 423
    2020-05-01 $454,500 (15.4%) $653,648 (14.2%) 0.00 426
    2020-06-01 $463,750 (16.2%) $667,546 (15.5%) 0.00 392
    2020-07-01 $488,175 (22.4%) $713,580 (22.1%) 0.00 335
    2020-08-01 $499,000 (23.4%) $720,992 (21.2%) 0.00 267
    2020-09-01 $499,450 (21.0%) $749,369 (23.5%) 0.00 240
    2020-10-01 $524,950 (24.4%) $757,570 (22.8%) 0.00 213
    2020-11-01 $521,200 (24.1%) $783,956 (27.3%) 0.00 193
    2020-12-01 $499,475 (19.6%) $762,845 (24.9%) 0.00 174
    2021-01-01 $499,450 (18.2%) $771,526 (25.1%) 0.00 146
    2021-02-01 $563,125 (29.5%) $896,903 (42.5%) 0.00 129
    2021-03-01 $564,725 (25.7%) $926,240 (48.2%) 0.00 113
    2021-04-01 $597,500 (33.0%) $974,080 (54.8%) 0.00 118
    2021-05-01 $625,000 (37.5%) $981,949 (50.2%) 0.00 164
    2021-06-01 $612,000 (32.0%) $919,273 (37.7%) 0.00 194
    2021-07-01 $599,900 (22.9%) $887,060 (24.3%) 0.00 217
    2021-08-01 $580,725 (16.4%) $877,196 (21.7%) 0.00 203
    2021-09-01 $598,950 (19.9%) $879,566 (17.4%) 0.00 181
    2021-10-01 $595,000 (13.3%) $813,557 (7.4%) 0.00 178
    2021-11-01 $557,475 (7.0%) $766,650 (-2.2%) 0.00 152
    2021-12-01 $597,000 (19.5%) $817,937 (7.2%) 0.00 114
    2022-01-01 $727,000 (45.6%) $1,048,855 (36.0%) 0.00 90
    2022-02-01 $705,750 (25.3%) $1,051,424 (17.2%) 0.00 87
    2022-03-01 $727,500 (28.8%) $1,064,925 (15.0%) 0.00 96
    2022-04-01 $635,000 (6.3%) $930,567 (-4.5%) 0.00 125
    2022-05-01 $629,750 (0.8%) $900,471 (-8.3%) 0.00 177
    2022-06-01 $638,675 (4.4%) $843,559 (-8.2%) 0.00 232
    2022-07-01 $649,814 (8.3%) $842,337 (-5.0%) 0.00 298
    2022-08-01 $649,632 (11.9%) $842,665 (-3.9%) 0.00 282
    2022-09-01 $699,000 (16.7%) $926,966 (5.4%) 0.00 247
    2022-10-01 $699,000 (17.5%) $936,967 (15.2%) 0.00 220
    2022-11-01 $697,000 (25.0%) $939,887 (22.6%) 0.00 211
    2022-12-01 $699,000 (17.1%) $908,064 (11.0%) 0.00 194
    2023-01-01 $720,035 (-1.0%) $948,336 (-9.6%) 0.00 164
    2023-02-01 $699,000 (-1.0%) $939,241 (-10.7%) 0.00 142
    2023-03-01 $693,500 (-4.7%) $929,255 (-12.7%) 0.00 152
    2023-04-01 $649,900 (2.4%) $888,814 (-4.5%) 0.00 177
    2023-05-01 $684,000 (8.6%) $928,081 (3.1%) 0.00 220
    2023-06-01 $675,000 (5.7%) $885,833 (5.0%) 0.00 256
    2023-07-01 $699,900 (7.7%) $938,376 (11.4%) 0.00 265
    2023-08-01 $719,000 (10.7%) $936,694 (11.2%) 0.00 261
    2023-09-01 $741,070 (6.0%) $937,218 (1.1%) 0.00 261
    2023-10-01 $701,475 (0.4%) $928,153 (-0.9%) 0.00 269
    2023-11-01 $699,000 (0.3%) $925,583 (-1.5%) 0.00 282
    2023-12-01 $695,000 (-0.6%) $926,758 (2.1%) 0.00 281
    2024-01-01 $665,750 (-7.5%) $915,649 (-3.5%) 0.00 256
    2024-02-01 $658,500 (-5.8%) $919,070 (-2.2%) 0.00 232
    2024-03-01 $689,450 (-0.6%) $954,546 (2.7%) 0.00 232
    2024-04-01 $702,000 (8.0%) $1,008,067 (13.4%) 0.00 254
    2024-05-01 $699,375 (2.3%) $982,866 (5.9%) 0.00 287
    2024-06-01 $699,700 (3.7%) $975,172 (10.1%) 0.00 330
    2024-07-01 $699,000 (-0.1%) $964,007 (2.7%) 0.00 377
    2024-08-01 $699,000 (-2.8%) $1,005,512 (7.4%) 0.00 357
    2024-09-01 $699,000 (-5.7%) $1,009,875 (7.8%) 0.00 326
    2024-10-01 $698,750 (-0.4%) $1,005,994 (8.4%) 0.00 299
    2024-11-01 $699,450 (0.1%) $1,026,963 (11.0%) 0.00 291
    2024-12-01 $722,475 (4.0%) $1,045,900 (12.9%) 0.00 271
    2025-01-01 $699,000 (5.0%) $1,034,115 (12.9%) 0.00 248
    Boone's median listing price for 2025-01-01 was $699,000, a difference of $33,250 (5.0%) versus the prior year and $-23,475 versus the prior month.

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

    Boone's average listing price for 2025-01-01 was $1,034,115, a difference of $118,466 (12.9%) versus the prior year and $-11,785 versus the prior month.

    For the 2025-01-01 period, Boone had 248 MLS listings, a difference of -23 listings (-8%) versus the prior month and -8 listings (-3%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Boone (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 2,058 sqft
    2018-02-01 0 days 2,089 sqft
    2018-03-01 0 days 2,143 sqft
    2018-04-01 0 days 2,143 sqft
    2018-05-01 0 days 2,150 sqft
    2018-06-01 0 days 2,184 sqft
    2018-07-01 0 days 2,199 sqft
    2018-08-01 0 days 2,163 sqft
    2018-09-01 0 days 2,178 sqft
    2018-10-01 0 days 2,174 sqft
    2018-11-01 0 days 2,163 sqft
    2018-12-01 0 days 2,182 sqft
    2019-01-01 0 days 2,169 sqft
    2019-02-01 0 days 2,147 sqft
    2019-03-01 0 days 2,230 sqft
    2019-04-01 0 days 2,231 sqft
    2019-05-01 0 days 2,162 sqft
    2019-06-01 0 days 2,208 sqft
    2019-07-01 0 days 2,294 sqft
    2019-08-01 0 days 2,327 sqft
    2019-09-01 0 days 2,368 sqft
    2019-10-01 0 days 2,400 sqft
    2019-11-01 0 days 2,366 sqft
    2019-12-01 0 days 2,305 sqft
    2020-01-01 0 days 2,332 sqft
    2020-02-01 0 days 2,400 sqft
    2020-03-01 0 days 2,335 sqft
    2020-04-01 0 days 2,297 sqft
    2020-05-01 0 days 2,352 sqft
    2020-06-01 0 days 2,390 sqft
    2020-07-01 0 days 2,541 sqft
    2020-08-01 0 days 2,536 sqft
    2020-09-01 0 days 2,515 sqft
    2020-10-01 0 days 2,408 sqft
    2020-11-01 0 days 2,410 sqft
    2020-12-01 0 days 2,355 sqft
    2021-01-01 0 days 2,315 sqft
    2021-02-01 0 days 2,507 sqft
    2021-03-01 0 days 2,418 sqft
    2021-04-01 0 days 2,502 sqft
    2021-05-01 0 days 2,594 sqft
    2021-06-01 0 days 2,578 sqft
    2021-07-01 0 days 2,527 sqft
    2021-08-01 0 days 2,396 sqft
    2021-09-01 0 days 2,372 sqft
    2021-10-01 0 days 2,201 sqft
    2021-11-01 0 days 2,041 sqft
    2021-12-01 0 days 2,136 sqft
    2022-01-01 0 days 2,430 sqft
    2022-02-01 0 days 2,209 sqft
    2022-03-01 0 days 2,231 sqft
    2022-04-01 0 days 2,166 sqft
    2022-05-01 0 days 2,176 sqft
    2022-06-01 0 days 2,175 sqft
    2022-07-01 0 days 2,159 sqft
    2022-08-01 0 days 2,120 sqft
    2022-09-01 0 days 2,185 sqft
    2022-10-01 0 days 2,180 sqft
    2022-11-01 0 days 2,132 sqft
    2022-12-01 0 days 2,102 sqft
    2023-01-01 0 days 2,097 sqft
    2023-02-01 0 days 2,019 sqft
    2023-03-01 0 days 2,035 sqft
    2023-04-01 0 days 1,971 sqft
    2023-05-01 0 days 2,000 sqft
    2023-06-01 0 days 2,018 sqft
    2023-07-01 0 days 2,130 sqft
    2023-08-01 0 days 2,212 sqft
    2023-09-01 0 days 2,162 sqft
    2023-10-01 0 days 2,141 sqft
    2023-11-01 0 days 2,111 sqft
    2023-12-01 0 days 2,076 sqft
    2024-01-01 0 days 2,019 sqft
    2024-02-01 0 days 1,953 sqft
    2024-03-01 0 days 2,076 sqft
    2024-04-01 0 days 2,158 sqft
    2024-05-01 0 days 2,063 sqft
    2024-06-01 0 days 2,130 sqft
    2024-07-01 0 days 2,128 sqft
    2024-08-01 0 days 2,196 sqft
    2024-09-01 0 days 2,168 sqft
    2024-10-01 0 days 2,205 sqft
    2024-11-01 0 days 2,100 sqft
    2024-12-01 0 days 2,140 sqft
    2025-01-01 0 days 2,168 sqft
    Boone's median listing age (time on market) for 2025-01-01 was 0 days.

    Boone's median square footage for active listings during the 2025-01-01 period was 2,168 sqft. One year prior, the average listing was 2,019 sqft.