Brookings USDA Loan Rates, Closing Costs & Stats
Brookings, OR
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.
Brookings USDA Loans, 30 Year Fixed Rates
30 Year USDA mortgages in Brookings
averaged
6.96%
for the week of 2024-04-19, compared to the national average (all USDA variants) of
6.863% for the same period.
Brookings's average USDA mortgage closing costs are $7,332.
The average rate for the prior week (2024-04-12) was
6.72% and
one month ago for the week of 2024-03-15, the
average rate was 6.6%.
The average rate one year ago was 6.74%.
For refis of the same type during the week of 2024-04-19, the average rate
was 7.06%.
Brookings 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 Brookings level.
| Name | # of Loans | 2023 Avg. 30yFix Rate | 2023 Avg. Closing Costs |
|---|
The lowest fee Brookings USDA lenders (with over 10 loans originated) are
.
The lowest rate Brookings USDA lenders (with over 10 loans originated) are
.
Market Conditions (Median, Average Prices & Listing Count)
Realtor.com - Brookings (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 | $394,175 (-2.2%) | $630,947 (4.5%) | 0.00 | 240 |
| 2018-02-01 | $397,000 (-7.9%) | $635,962 (3.4%) | 0.00 | 234 |
| 2018-03-01 | $399,900 (-5.9%) | $646,287 (4.4%) | 0.00 | 245 |
| 2018-04-01 | $413,000 (-7.3%) | $659,928 (6.4%) | 0.00 | 243 |
| 2018-05-01 | $426,000 (-2.6%) | $691,836 (11.1%) | 0.00 | 247 |
| 2018-06-01 | $434,500 (8.7%) | $666,122 (10.5%) | 0.00 | 262 |
| 2018-07-01 | $447,000 (12.0%) | $662,422 (9.2%) | 0.00 | 282 |
| 2018-08-01 | $447,175 (7.2%) | $657,509 (5.2%) | 0.00 | 279 |
| 2018-09-01 | $454,500 (13.6%) | $684,817 (10.9%) | 0.00 | 257 |
| 2018-10-01 | $485,000 (18.4%) | $693,655 (12.7%) | 0.00 | 248 |
| 2018-11-01 | $477,975 (16.7%) | $671,180 (10.6%) | 0.00 | 227 |
| 2018-12-01 | $484,500 (21.4%) | $666,904 (5.0%) | 0.00 | 213 |
| 2019-01-01 | $478,000 (21.3%) | $654,424 (3.7%) | 0.00 | 207 |
| 2019-02-01 | $446,750 (12.5%) | $640,521 (0.7%) | 0.00 | 209 |
| 2019-03-01 | $446,814 (11.7%) | $634,397 (-1.8%) | 0.00 | 227 |
| 2019-04-01 | $448,064 (8.5%) | $651,070 (-1.3%) | 0.00 | 230 |
| 2019-05-01 | $429,000 (0.7%) | $625,349 (-9.6%) | 0.00 | 247 |
| 2019-06-01 | $430,000 (-1.0%) | $615,741 (-7.6%) | 0.00 | 270 |
| 2019-07-01 | $433,500 (-3.0%) | $624,104 (-5.8%) | 0.00 | 251 |
| 2019-08-01 | $429,909 (-3.9%) | $626,004 (-4.8%) | 0.00 | 241 |
| 2019-09-01 | $437,273 (-3.8%) | $627,822 (-8.3%) | 0.00 | 230 |
| 2019-10-01 | $446,500 (-7.9%) | $629,034 (-9.3%) | 0.00 | 217 |
| 2019-11-01 | $450,000 (-5.9%) | $633,894 (-5.6%) | 0.00 | 189 |
| 2019-12-01 | $454,250 (-6.2%) | $639,884 (-4.1%) | 0.00 | 165 |
| 2020-01-01 | $453,250 (-5.2%) | $637,477 (-2.6%) | 0.00 | 153 |
| 2020-02-01 | $450,000 (0.7%) | $651,586 (1.7%) | 0.00 | 144 |
| 2020-03-01 | $460,450 (3.1%) | $598,505 (-5.7%) | 0.00 | 140 |
| 2020-04-01 | $453,800 (1.3%) | $635,046 (-2.5%) | 0.00 | 147 |
| 2020-05-01 | $449,250 (4.7%) | $644,887 (3.1%) | 0.00 | 149 |
| 2020-06-01 | $448,000 (4.2%) | $597,634 (-2.9%) | 0.00 | 151 |
| 2020-07-01 | $444,000 (2.4%) | $606,631 (-2.8%) | 0.00 | 143 |
| 2020-08-01 | $449,450 (4.6%) | $639,364 (2.1%) | 0.00 | 118 |
| 2020-09-01 | $449,500 (2.8%) | $635,243 (1.2%) | 0.00 | 95 |
| 2020-10-01 | $420,000 (-5.9%) | $598,117 (-4.9%) | 0.00 | 94 |
| 2020-11-01 | $435,000 (-3.3%) | $643,956 (1.6%) | 0.00 | 87 |
| 2020-12-01 | $460,000 (1.3%) | $671,875 (5.0%) | 0.00 | 81 |
| 2021-01-01 | $447,500 (-1.3%) | $710,811 (11.5%) | 0.00 | 68 |
| 2021-02-01 | $434,800 (-3.4%) | $608,668 (-6.6%) | 0.00 | 58 |
| 2021-03-01 | $451,750 (-1.9%) | $838,685 (40.1%) | 0.00 | 54 |
| 2021-04-01 | $553,725 (22.0%) | $1,026,183 (61.6%) | 0.00 | 59 |
| 2021-05-01 | $550,000 (22.4%) | $929,291 (44.1%) | 0.00 | 77 |
| 2021-06-01 | $537,450 (20.0%) | $923,038 (54.5%) | 0.00 | 82 |
| 2021-07-01 | $542,950 (22.3%) | $851,526 (40.4%) | 0.00 | 88 |
| 2021-08-01 | $579,000 (28.8%) | $898,508 (40.5%) | 0.00 | 82 |
| 2021-09-01 | $591,750 (31.7%) | $933,123 (46.9%) | 0.00 | 72 |
| 2021-10-01 | $594,500 (41.6%) | $927,328 (55.0%) | 0.00 | 70 |
| 2021-11-01 | $584,000 (34.3%) | $966,436 (50.1%) | 0.00 | 65 |
| 2021-12-01 | $582,700 (26.7%) | $990,805 (47.5%) | 0.00 | 55 |
| 2022-01-01 | $585,000 (30.7%) | $1,031,827 (45.2%) | 0.00 | 43 |
| 2022-02-01 | $579,000 (33.2%) | $1,066,445 (75.2%) | 0.00 | 42 |
| 2022-03-01 | $622,000 (37.7%) | $944,648 (12.6%) | 0.00 | 43 |
| 2022-04-01 | $584,500 (5.6%) | $967,237 (-5.7%) | 0.00 | 46 |
| 2022-05-01 | $560,750 (2.0%) | $1,058,007 (13.9%) | 0.00 | 52 |
| 2022-06-01 | $604,250 (12.4%) | $965,040 (4.6%) | 0.00 | 75 |
| 2022-07-01 | $649,000 (19.5%) | $1,008,452 (18.4%) | 0.00 | 92 |
| 2022-08-01 | $615,000 (6.2%) | $899,530 (0.1%) | 0.00 | 112 |
| 2022-09-01 | $588,975 (-0.5%) | $909,741 (-2.5%) | 0.00 | 106 |
| 2022-10-01 | $577,000 (-2.9%) | $964,074 (4.0%) | 0.00 | 98 |
| 2022-11-01 | $629,500 (7.8%) | $1,048,984 (8.5%) | 0.00 | 99 |
| 2022-12-01 | $637,250 (9.4%) | $1,076,113 (8.6%) | 0.00 | 86 |
| 2023-01-01 | $637,000 (8.9%) | $1,088,333 (5.5%) | 0.00 | 87 |
| 2023-02-01 | $643,000 (11.1%) | $1,086,356 (1.9%) | 0.00 | 82 |
| 2023-03-01 | $598,750 (-3.7%) | $1,062,781 (12.5%) | 0.00 | 85 |
| 2023-04-01 | $599,000 (2.5%) | $930,473 (-3.8%) | 0.00 | 92 |
| 2023-05-01 | $590,450 (5.3%) | $824,785 (-22.0%) | 0.00 | 108 |
| 2023-06-01 | $649,250 (7.5%) | $879,381 (-8.9%) | 0.00 | 129 |
| 2023-07-01 | $649,950 (0.2%) | $862,055 (-14.5%) | 0.00 | 137 |
| 2023-08-01 | $649,600 (5.6%) | $861,742 (-4.2%) | 0.00 | 144 |
| 2023-09-01 | $649,250 (10.2%) | $853,088 (-6.2%) | 0.00 | 144 |
| 2023-10-01 | $596,000 (3.3%) | $819,667 (-15.0%) | 0.00 | 148 |
| 2023-11-01 | $572,000 (-9.1%) | $814,785 (-22.3%) | 0.00 | 146 |
| 2023-12-01 | $575,000 (-9.8%) | $826,149 (-23.2%) | 0.00 | 130 |
| 2024-01-01 | $600,750 (-5.7%) | $839,478 (-22.9%) | 0.00 | 118 |
| 2024-02-01 | $642,125 (-0.1%) | $976,538 (-10.1%) | 0.00 | 113 |
| 2024-03-01 | $649,950 (8.6%) | $981,137 (-7.7%) | 0.00 | 121 |
Brookings's median listing price comes in at 0% of the national average.
Brookings's average listing price for 2024-03-01 was $981,137, a difference of $-81,644 (-7.7%) versus the prior year and $4,599 versus the prior month.
For the 2024-03-01 period, Brookings had 121 MLS listings, a difference of 8 listings (7%) versus the prior month and 36 listings (42%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Brookings (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis| Date | Median Listing Time on Market | Median Square Footage |
|---|---|---|
| 2018-01-01 | 0 days | 1,947 sqft |
| 2018-02-01 | 0 days | 1,958 sqft |
| 2018-03-01 | 0 days | 1,991 sqft |
| 2018-04-01 | 0 days | 1,981 sqft |
| 2018-05-01 | 0 days | 2,034 sqft |
| 2018-06-01 | 0 days | 2,046 sqft |
| 2018-07-01 | 0 days | 2,071 sqft |
| 2018-08-01 | 0 days | 2,029 sqft |
| 2018-09-01 | 0 days | 1,960 sqft |
| 2018-10-01 | 0 days | 1,997 sqft |
| 2018-11-01 | 0 days | 2,015 sqft |
| 2018-12-01 | 0 days | 2,015 sqft |
| 2019-01-01 | 0 days | 2,019 sqft |
| 2019-02-01 | 0 days | 2,024 sqft |
| 2019-03-01 | 0 days | 2,010 sqft |
| 2019-04-01 | 0 days | 1,976 sqft |
| 2019-05-01 | 0 days | 1,936 sqft |
| 2019-06-01 | 0 days | 1,959 sqft |
| 2019-07-01 | 0 days | 1,965 sqft |
| 2019-08-01 | 0 days | 1,969 sqft |
| 2019-09-01 | 0 days | 1,973 sqft |
| 2019-10-01 | 0 days | 1,976 sqft |
| 2019-11-01 | 0 days | 1,984 sqft |
| 2019-12-01 | 0 days | 2,008 sqft |
| 2020-01-01 | 0 days | 2,023 sqft |
| 2020-02-01 | 0 days | 2,022 sqft |
| 2020-03-01 | 0 days | 2,049 sqft |
| 2020-04-01 | 0 days | 1,992 sqft |
| 2020-05-01 | 0 days | 1,945 sqft |
| 2020-06-01 | 0 days | 1,945 sqft |
| 2020-07-01 | 0 days | 1,945 sqft |
| 2020-08-01 | 0 days | 1,950 sqft |
| 2020-09-01 | 0 days | 1,933 sqft |
| 2020-10-01 | 0 days | 1,850 sqft |
| 2020-11-01 | 0 days | 1,919 sqft |
| 2020-12-01 | 0 days | 1,885 sqft |
| 2021-01-01 | 0 days | 1,916 sqft |
| 2021-02-01 | 0 days | 1,745 sqft |
| 2021-03-01 | 0 days | 1,945 sqft |
| 2021-04-01 | 0 days | 1,983 sqft |
| 2021-05-01 | 0 days | 1,850 sqft |
| 2021-06-01 | 0 days | 1,743 sqft |
| 2021-07-01 | 0 days | 1,707 sqft |
| 2021-08-01 | 0 days | 1,743 sqft |
| 2021-09-01 | 0 days | 1,807 sqft |
| 2021-10-01 | 0 days | 1,908 sqft |
| 2021-11-01 | 0 days | 1,823 sqft |
| 2021-12-01 | 0 days | 1,787 sqft |
| 2022-01-01 | 0 days | 1,709 sqft |
| 2022-02-01 | 0 days | 1,687 sqft |
| 2022-03-01 | 0 days | 1,750 sqft |
| 2022-04-01 | 0 days | 1,694 sqft |
| 2022-05-01 | 0 days | 1,637 sqft |
| 2022-06-01 | 0 days | 1,661 sqft |
| 2022-07-01 | 0 days | 1,805 sqft |
| 2022-08-01 | 0 days | 1,786 sqft |
| 2022-09-01 | 0 days | 1,832 sqft |
| 2022-10-01 | 0 days | 1,818 sqft |
| 2022-11-01 | 0 days | 1,924 sqft |
| 2022-12-01 | 0 days | 1,932 sqft |
| 2023-01-01 | 0 days | 1,913 sqft |
| 2023-02-01 | 0 days | 1,895 sqft |
| 2023-03-01 | 0 days | 1,812 sqft |
| 2023-04-01 | 0 days | 1,778 sqft |
| 2023-05-01 | 0 days | 1,779 sqft |
| 2023-06-01 | 0 days | 1,815 sqft |
| 2023-07-01 | 0 days | 1,838 sqft |
| 2023-08-01 | 0 days | 1,915 sqft |
| 2023-09-01 | 0 days | 1,789 sqft |
| 2023-10-01 | 0 days | 1,773 sqft |
| 2023-11-01 | 0 days | 1,714 sqft |
| 2023-12-01 | 0 days | 1,739 sqft |
| 2024-01-01 | 0 days | 1,808 sqft |
| 2024-02-01 | 0 days | 1,798 sqft |
| 2024-03-01 | 0 days | 1,852 sqft |
Brookings's median square footage for active listings during the 2024-03-01 period was 1,852 sqft. One year prior, the average listing was 1,812 sqft.