Canton USDA Loan Rates, Closing Costs & Stats
CANTON-MASSILLON, OH
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.
Canton's 15 lenders originated 31 USDA loans during 2023. The total origination value was $6,055,000, with an average USDA loan value of $195,323.
Canton USDA Loans, 30 Year Fixed Rates
30 Year USDA mortgages in Canton
averaged
6.66%
for the week of 2024-12-13, compared to the national average (all USDA variants) of
6.303% for the same period.
Canton's average USDA mortgage closing costs are $4,691.
The average rate for the prior week (2024-12-06) was
6.69% and
one month ago for the week of 2024-11-08, the
average rate was 6.81%.
The average rate one year ago was 6.78%.
For refis of the same type during the week of 2024-12-13, the average rate
was 6.69%.
Canton 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 Canton level.
| Name | # of Loans | 2023 Avg. 30yFix Rate | 2023 Avg. Closing Costs |
|---|---|---|---|
| CROSSCOUNTRY MORTGAGE, LLC | 10 | 6.91% | $6,736 |
| Hometown Equity Mortgage, LLC | 2 | 6.56% | $7,786 |
| NEWREZ LLC | 2 | 6.19% | $4,782 |
| POLARIS HOME FUNDING CORP. | 2 | 6.88% | $9,902 |
| GVC MORTGAGE, INC. | 2 | 7.38% | $6,387 |
| UNITED WHOLESALE MORTGAGE, LLC | 2 | 6.06% | $7,663 |
| Nations Lending Corporation | 1 | 6.25% | $8,977 |
| PRIMARY RESIDENTIAL MORTGAGE, INC. | 1 | 6.75% | $6,945 |
| The Huntington National Bank | 1 | 6.63% | $6,913 |
| LOANDEPOT.COM, LLC | 1 | 7.13% | $6,799 |
| AMERICAN PACIFIC MORTGAGE CORPORATION | 1 | 6.25% | $7,158 |
| FIRST COMMUNITY MORTGAGE, INC. | 1 | 6.38% | $6,668 |
| GENEVA FINANCIAL, LLC | 1 | 5.63% | $7,902 |
| AMCAP MORTGAGE, LTD. | 1 | 5.99% | $9,193 |
| MUTUAL OF OMAHA MORTGAGE, INC. | 1 | 6.63% | $7,477 |
The top Canton USDA lender as defined by loan originations is CROSSCOUNTRY MORTGAGE, LLC, with
10 USDA loans originated. Their average total fees are
$6,736, which is $1,050
lower than the next largest lender,
Hometown Equity Mortgage, LLC.
The lowest fee Canton USDA lenders (with over 10 loans originated) are
CROSSCOUNTRY MORTGAGE, LLC ($6,736), .
The lowest rate Canton USDA lenders (with over 10 loans originated) are
CROSSCOUNTRY MORTGAGE, LLC (6.91%), .
Market Conditions (Median, Average Prices & Listing Count)
Realtor.com - Canton (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 | $132,675 (6.2%) | $182,646 (2.1%) | 0.49 | 918 |
| 2018-02-01 | $130,425 (3.2%) | $186,438 (-0.7%) | 0.47 | 879 |
| 2018-03-01 | $139,700 (5.5%) | $196,851 (3.0%) | 0.49 | 846 |
| 2018-04-01 | $143,700 (10.6%) | $204,708 (8.8%) | 0.49 | 820 |
| 2018-05-01 | $153,700 (12.4%) | $206,396 (4.0%) | 0.51 | 830 |
| 2018-06-01 | $154,900 (6.9%) | $207,674 (1.7%) | 0.52 | 909 |
| 2018-07-01 | $155,450 (11.1%) | $212,308 (6.9%) | 0.52 | 953 |
| 2018-08-01 | $159,450 (13.9%) | $211,786 (7.1%) | 0.53 | 1,036 |
| 2018-09-01 | $158,900 (13.6%) | $211,904 (10.8%) | 0.53 | 1,077 |
| 2018-10-01 | $149,950 (8.7%) | $208,891 (12.0%) | 0.51 | 1,078 |
| 2018-11-01 | $145,075 (4.2%) | $205,543 (10.4%) | 0.49 | 1,066 |
| 2018-12-01 | $141,950 (5.2%) | $203,771 (10.2%) | 0.49 | 991 |
| 2019-01-01 | $144,675 (9.0%) | $203,761 (11.6%) | 0.50 | 882 |
| 2019-02-01 | $144,625 (10.9%) | $205,784 (10.4%) | 0.49 | 855 |
| 2019-03-01 | $156,671 (12.2%) | $219,903 (11.7%) | 0.51 | 784 |
| 2019-04-01 | $168,246 (17.1%) | $231,657 (13.2%) | 0.53 | 763 |
| 2019-05-01 | $166,575 (8.4%) | $223,472 (8.3%) | 0.52 | 810 |
| 2019-06-01 | $165,900 (7.1%) | $222,821 (7.3%) | 0.52 | 851 |
| 2019-07-01 | $160,995 (3.6%) | $215,262 (1.4%) | 0.50 | 934 |
| 2019-08-01 | $161,329 (1.2%) | $212,821 (0.5%) | 0.51 | 991 |
| 2019-09-01 | $163,338 (2.8%) | $209,960 (-0.9%) | 0.52 | 1,037 |
| 2019-10-01 | $164,677 (9.8%) | $207,063 (-0.9%) | 0.53 | 1,075 |
| 2019-11-01 | $159,900 (10.2%) | $205,707 (0.1%) | 0.52 | 1,047 |
| 2019-12-01 | $159,900 (12.7%) | $202,756 (-0.5%) | 0.53 | 938 |
| 2020-01-01 | $159,563 (10.3%) | $203,473 (-0.1%) | 0.53 | 842 |
| 2020-02-01 | $166,000 (14.8%) | $213,401 (3.7%) | 0.54 | 768 |
| 2020-03-01 | $169,900 (8.4%) | $218,984 (-0.4%) | 0.53 | 696 |
| 2020-04-01 | $181,950 (8.1%) | $226,544 (-2.2%) | 0.57 | 684 |
| 2020-05-01 | $181,500 (9.0%) | $236,950 (6.0%) | 0.55 | 637 |
| 2020-06-01 | $189,900 (14.5%) | $243,861 (9.4%) | 0.56 | 553 |
| 2020-07-01 | $188,348 (17.0%) | $241,240 (12.1%) | 0.55 | 547 |
| 2020-08-01 | $180,500 (11.9%) | $234,864 (10.4%) | 0.52 | 537 |
| 2020-09-01 | $176,200 (7.9%) | $235,645 (12.2%) | 0.50 | 519 |
| 2020-10-01 | $164,900 (0.1%) | $234,465 (13.2%) | 0.47 | 547 |
| 2020-11-01 | $157,075 (-1.8%) | $246,900 (20.0%) | 0.46 | 508 |
| 2020-12-01 | $160,000 (0.1%) | $243,732 (20.2%) | 0.48 | 495 |
| 2021-01-01 | $163,450 (2.4%) | $253,471 (24.6%) | 0.49 | 422 |
| 2021-02-01 | $169,400 (2.1%) | $264,160 (23.8%) | 0.49 | 317 |
| 2021-03-01 | $179,900 (5.9%) | $271,325 (23.9%) | 0.51 | 303 |
| 2021-04-01 | $179,900 (-1.1%) | $268,776 (18.6%) | 0.49 | 296 |
| 2021-05-01 | $184,900 (1.9%) | $260,181 (9.8%) | 0.49 | 362 |
| 2021-06-01 | $193,200 (1.7%) | $254,045 (4.2%) | 0.51 | 421 |
| 2021-07-01 | $195,000 (3.5%) | $254,465 (5.5%) | 0.51 | 484 |
| 2021-08-01 | $184,900 (2.4%) | $245,889 (4.7%) | 0.49 | 485 |
| 2021-09-01 | $194,675 (10.5%) | $245,813 (4.3%) | 0.52 | 520 |
| 2021-10-01 | $179,950 (9.1%) | $237,795 (1.4%) | 0.48 | 538 |
| 2021-11-01 | $175,000 (11.4%) | $236,655 (-4.2%) | 0.47 | 463 |
| 2021-12-01 | $168,175 (5.1%) | $224,813 (-7.8%) | 0.46 | 409 |
| 2022-01-01 | $172,900 (5.8%) | $235,429 (-7.1%) | 0.47 | 320 |
| 2022-02-01 | $172,175 (1.6%) | $228,472 (-13.5%) | 0.45 | 282 |
| 2022-03-01 | $170,000 (-5.5%) | $226,470 (-16.5%) | 0.43 | 265 |
| 2022-04-01 | $174,900 (-2.8%) | $250,962 (-6.6%) | 0.42 | 261 |
| 2022-05-01 | $184,900 (0.0%) | $253,574 (-2.5%) | 0.42 | 358 |
| 2022-06-01 | $174,475 (-9.7%) | $246,952 (-2.8%) | 0.39 | 424 |
| 2022-07-01 | $199,000 (2.1%) | $256,676 (0.9%) | 0.45 | 533 |
| 2022-08-01 | $194,725 (5.3%) | $261,375 (6.3%) | 0.45 | 573 |
| 2022-09-01 | $192,200 (-1.3%) | $259,586 (5.6%) | 0.45 | 555 |
| 2022-10-01 | $180,000 (0.0%) | $260,421 (9.5%) | 0.42 | 545 |
| 2022-11-01 | $187,675 (7.2%) | $270,473 (14.3%) | 0.45 | 559 |
| 2022-12-01 | $190,000 (13.0%) | $273,825 (21.8%) | 0.47 | 490 |
| 2023-01-01 | $182,175 (5.4%) | $272,178 (15.6%) | 0.45 | 410 |
| 2023-02-01 | $187,125 (8.7%) | $275,413 (20.6%) | 0.45 | 366 |
| 2023-03-01 | $203,338 (19.6%) | $268,380 (18.5%) | 0.48 | 356 |
| 2023-04-01 | $215,500 (23.2%) | $291,074 (16.0%) | 0.50 | 360 |
| 2023-05-01 | $217,700 (17.7%) | $282,653 (11.5%) | 0.49 | 334 |
| 2023-06-01 | $222,400 (27.5%) | $285,107 (15.5%) | 0.50 | 383 |
| 2023-07-01 | $229,950 (15.6%) | $290,781 (13.3%) | 0.52 | 418 |
| 2023-08-01 | $249,000 (27.9%) | $300,409 (14.9%) | 0.57 | 439 |
| 2023-09-01 | $235,450 (22.5%) | $293,777 (13.2%) | 0.55 | 473 |
| 2023-10-01 | $241,500 (34.2%) | $293,805 (12.8%) | 0.57 | 519 |
| 2023-11-01 | $235,000 (25.2%) | $290,266 (7.3%) | 0.56 | 572 |
| 2023-12-01 | $230,000 (21.1%) | $286,014 (4.5%) | 0.56 | 554 |
| 2024-01-01 | $239,900 (31.7%) | $297,684 (9.4%) | 0.59 | 442 |
| 2024-02-01 | $245,475 (31.2%) | $294,948 (7.1%) | 0.59 | 403 |
| 2024-03-01 | $248,000 (22.0%) | $307,857 (14.7%) | 0.58 | 345 |
| 2024-04-01 | $249,945 (16.0%) | $315,444 (8.4%) | 0.58 | 330 |
| 2024-05-01 | $269,900 (24.0%) | $334,288 (18.3%) | 0.61 | 345 |
| 2024-06-01 | $250,000 (12.4%) | $307,976 (8.0%) | 0.56 | 404 |
| 2024-07-01 | $260,725 (13.4%) | $317,122 (9.1%) | 0.60 | 465 |
| 2024-08-01 | $264,000 (6.0%) | $314,932 (4.8%) | 0.61 | 509 |
| 2024-09-01 | $259,450 (10.2%) | $300,952 (2.4%) | 0.61 | 521 |
| 2024-10-01 | $252,445 (4.5%) | $301,009 (2.5%) | 0.59 | 559 |
| 2024-11-01 | $246,000 (4.7%) | $300,042 (3.4%) | 0.59 | 577 |
Canton's median listing price comes in at 59% of the national average.
Canton's average listing price for 2024-11-01 was $300,042, a difference of $9,776 (3.4%) versus the prior year and $-967 versus the prior month.
For the 2024-11-01 period, Canton had 577 MLS listings, a difference of 18 listings (3%) versus the prior month and 5 listings (1%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Canton (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis| Date | Median Listing Time on Market | Median Square Footage |
|---|---|---|
| 2018-01-01 | 65 days | 1,582 sqft |
| 2018-02-01 | 59 days | 1,569 sqft |
| 2018-03-01 | 47 days | 1,620 sqft |
| 2018-04-01 | 42 days | 1,654 sqft |
| 2018-05-01 | 41 days | 1,681 sqft |
| 2018-06-01 | 40 days | 1,720 sqft |
| 2018-07-01 | 41 days | 1,806 sqft |
| 2018-08-01 | 40 days | 1,818 sqft |
| 2018-09-01 | 43 days | 1,802 sqft |
| 2018-10-01 | 48 days | 1,772 sqft |
| 2018-11-01 | 47 days | 1,732 sqft |
| 2018-12-01 | 58 days | 1,722 sqft |
| 2019-01-01 | 65 days | 1,715 sqft |
| 2019-02-01 | 49 days | 1,730 sqft |
| 2019-03-01 | 43 days | 1,762 sqft |
| 2019-04-01 | 37 days | 1,808 sqft |
| 2019-05-01 | 36 days | 1,696 sqft |
| 2019-06-01 | 39 days | 1,716 sqft |
| 2019-07-01 | 41 days | 1,694 sqft |
| 2019-08-01 | 40 days | 1,714 sqft |
| 2019-09-01 | 39 days | 1,752 sqft |
| 2019-10-01 | 39 days | 1,770 sqft |
| 2019-11-01 | 48 days | 1,728 sqft |
| 2019-12-01 | 59 days | 1,717 sqft |
| 2020-01-01 | 66 days | 1,717 sqft |
| 2020-02-01 | 47 days | 1,756 sqft |
| 2020-03-01 | 51 days | 1,778 sqft |
| 2020-04-01 | 48 days | 1,786 sqft |
| 2020-05-01 | 57 days | 1,761 sqft |
| 2020-06-01 | 47 days | 1,819 sqft |
| 2020-07-01 | 40 days | 1,806 sqft |
| 2020-08-01 | 42 days | 1,761 sqft |
| 2020-09-01 | 44 days | 1,748 sqft |
| 2020-10-01 | 40 days | 1,715 sqft |
| 2020-11-01 | 49 days | 1,680 sqft |
| 2020-12-01 | 52 days | 1,690 sqft |
| 2021-01-01 | 58 days | 1,685 sqft |
| 2021-02-01 | 53 days | 1,675 sqft |
| 2021-03-01 | 38 days | 1,714 sqft |
| 2021-04-01 | 32 days | 1,734 sqft |
| 2021-05-01 | 27 days | 1,720 sqft |
| 2021-06-01 | 24 days | 1,762 sqft |
| 2021-07-01 | 26 days | 1,767 sqft |
| 2021-08-01 | 32 days | 1,699 sqft |
| 2021-09-01 | 32 days | 1,702 sqft |
| 2021-10-01 | 33 days | 1,682 sqft |
| 2021-11-01 | 40 days | 1,663 sqft |
| 2021-12-01 | 44 days | 1,630 sqft |
| 2022-01-01 | 48 days | 1,600 sqft |
| 2022-02-01 | 42 days | 1,620 sqft |
| 2022-03-01 | 30 days | 1,618 sqft |
| 2022-04-01 | 29 days | 1,664 sqft |
| 2022-05-01 | 24 days | 1,694 sqft |
| 2022-06-01 | 29 days | 1,592 sqft |
| 2022-07-01 | 29 days | 1,680 sqft |
| 2022-08-01 | 33 days | 1,645 sqft |
| 2022-09-01 | 36 days | 1,635 sqft |
| 2022-10-01 | 37 days | 1,600 sqft |
| 2022-11-01 | 40 days | 1,649 sqft |
| 2022-12-01 | 47 days | 1,623 sqft |
| 2023-01-01 | 59 days | 1,594 sqft |
| 2023-02-01 | 48 days | 1,567 sqft |
| 2023-03-01 | 34 days | 1,619 sqft |
| 2023-04-01 | 35 days | 1,674 sqft |
| 2023-05-01 | 35 days | 1,698 sqft |
| 2023-06-01 | 33 days | 1,728 sqft |
| 2023-07-01 | 34 days | 1,728 sqft |
| 2023-08-01 | 36 days | 1,762 sqft |
| 2023-09-01 | 36 days | 1,700 sqft |
| 2023-10-01 | 33 days | 1,669 sqft |
| 2023-11-01 | 35 days | 1,655 sqft |
| 2023-12-01 | 44 days | 1,650 sqft |
| 2024-01-01 | 57 days | 1,658 sqft |
| 2024-02-01 | 43 days | 1,623 sqft |
| 2024-03-01 | 40 days | 1,634 sqft |
| 2024-04-01 | 33 days | 1,740 sqft |
| 2024-05-01 | 21 days | 1,800 sqft |
| 2024-06-01 | 23 days | 1,774 sqft |
| 2024-07-01 | 30 days | 1,826 sqft |
| 2024-08-01 | 31 days | 1,833 sqft |
| 2024-09-01 | 32 days | 1,823 sqft |
| 2024-10-01 | 33 days | 1,801 sqft |
| 2024-11-01 | 35 days | 1,793 sqft |
Canton's median square footage for active listings during the 2024-11-01 period was 1,793 sqft. One year prior, the average listing was 1,655 sqft.