Elizabeth City USDA Loan Rates, Closing Costs & Stats

Elizabeth City, NC

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.

Elizabeth City's 10 lenders originated 12 USDA loans during 2023. The total origination value was $2,530,000, with an average USDA loan value of $210,833.

Elizabeth City USDA Loans, 30 Year Fixed Rates

30 Year USDA mortgages in Elizabeth City averaged 6.56% for the week of 2024-06-07, compared to the national average (all USDA variants) of 6.699% for the same period.

Elizabeth City's average USDA mortgage closing costs are $5,546.

The average rate for the prior week (2024-05-31) was 6.44% and one month ago for the week of 2024-05-03, the average rate was 6.54%.

The average rate one year ago was 6.64%.

For refis of the same type during the week of 2024-06-07, the average rate was 6.5%.

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

Elizabeth City 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 Elizabeth City level.

Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
ATLANTIC BAY MORTGAGE GROUP, L.L.C. 3 6.67% $7,526
AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 1 5.99% $7,180
FIRST COMMUNITY MORTGAGE, INC. 1 6.75% $10,320
HOMESIDE FINANCIAL, LLC 1 6.13% $6,852
MOVEMENT MORTGAGE, LLC 1 5.75% $8,661
Paramount Residential Mortgage Group, Inc. 1 6.88% $7,320
Presidential Bank, FSB 1 6.88% $7,629
Tidewater Home Funding, LLC 1 6.38% $2,926
Advance Financial Group, LLC 1 6.25% $6,078
United Bank 1 5.63% $5,239

The top Elizabeth City USDA lender as defined by loan originations is ATLANTIC BAY MORTGAGE GROUP, L.L.C., with 3 USDA loans originated. Their average total fees are $7,526, which is $345 higher than the next largest lender, AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC.

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

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


Market Conditions (Median, Average Prices & Listing Count)

Realtor.com - Elizabeth City (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 $204,500 (4.1%) $228,508 (-3.3%) 0.00 344
2018-02-01 $212,600 (4.3%) $234,845 (0.0%) 0.00 373
2018-03-01 $219,000 (5.2%) $240,952 (1.6%) 0.00 371
2018-04-01 $219,900 (5.0%) $243,140 (3.2%) 0.00 361
2018-05-01 $224,450 (3.0%) $249,190 (3.1%) 0.00 363
2018-06-01 $217,000 (1.0%) $250,036 (4.8%) 0.00 373
2018-07-01 $218,000 (1.4%) $249,804 (5.4%) 0.00 399
2018-08-01 $215,000 (-1.2%) $247,677 (1.4%) 0.00 401
2018-09-01 $209,900 (-5.8%) $238,752 (-5.2%) 0.00 399
2018-10-01 $213,350 (-5.0%) $239,677 (-5.4%) 0.00 389
2018-11-01 $200,813 (-7.3%) $238,030 (-2.4%) 0.00 364
2018-12-01 $199,900 (-4.8%) $232,536 (-0.6%) 0.00 342
2019-01-01 $199,900 (-2.3%) $234,149 (2.5%) 0.00 326
2019-02-01 $213,250 (0.3%) $243,175 (3.6%) 0.00 331
2019-03-01 $220,714 (0.8%) $250,929 (4.1%) 0.00 347
2019-04-01 $229,000 (4.1%) $258,348 (6.3%) 0.00 364
2019-05-01 $229,000 (2.0%) $261,279 (4.9%) 0.00 375
2019-06-01 $229,700 (5.9%) $264,981 (6.0%) 0.00 356
2019-07-01 $232,750 (6.8%) $271,348 (8.6%) 0.00 352
2019-08-01 $236,350 (9.9%) $272,557 (10.1%) 0.00 351
2019-09-01 $238,375 (13.6%) $271,690 (13.8%) 0.00 347
2019-10-01 $242,450 (13.6%) $271,428 (13.3%) 0.00 344
2019-11-01 $235,000 (17.0%) $260,868 (9.6%) 0.00 321
2019-12-01 $231,875 (16.0%) $258,512 (11.2%) 0.00 298
2020-01-01 $230,950 (15.5%) $255,150 (9.0%) 0.00 269
2020-02-01 $242,850 (13.9%) $259,997 (6.9%) 0.00 270
2020-03-01 $240,743 (9.1%) $260,559 (3.8%) 0.00 266
2020-04-01 $239,900 (4.8%) $260,013 (0.6%) 0.00 273
2020-05-01 $245,900 (7.4%) $269,763 (3.3%) 0.00 251
2020-06-01 $244,475 (6.4%) $279,897 (5.6%) 0.00 223
2020-07-01 $250,850 (7.8%) $282,208 (4.0%) 0.00 203
2020-08-01 $265,000 (12.1%) $295,306 (8.4%) 0.00 176
2020-09-01 $267,000 (12.0%) $296,388 (9.1%) 0.00 147
2020-10-01 $257,000 (6.0%) $299,125 (10.2%) 0.00 133
2020-11-01 $266,225 (13.3%) $301,479 (15.6%) 0.00 114
2020-12-01 $251,950 (8.7%) $276,283 (6.9%) 0.00 114
2021-01-01 $257,000 (11.3%) $289,146 (13.3%) 0.00 102
2021-02-01 $251,075 (3.4%) $294,556 (13.3%) 0.00 98
2021-03-01 $259,000 (7.6%) $303,667 (16.5%) 0.00 88
2021-04-01 $274,500 (14.4%) $314,181 (20.8%) 0.00 80
2021-05-01 $249,900 (1.6%) $314,257 (16.5%) 0.00 84
2021-06-01 $251,975 (3.1%) $314,632 (12.4%) 0.00 94
2021-07-01 $257,000 (2.5%) $320,836 (13.7%) 0.00 112
2021-08-01 $250,950 (-5.3%) $334,436 (13.3%) 0.00 119
2021-09-01 $274,975 (3.0%) $344,834 (16.4%) 0.00 124
2021-10-01 $295,000 (14.8%) $344,868 (15.3%) 0.00 115
2021-11-01 $304,875 (14.5%) $349,823 (16.0%) 0.00 108
2021-12-01 $286,175 (13.6%) $325,862 (17.9%) 0.00 98
2022-01-01 $294,990 (14.8%) $328,048 (13.5%) 0.00 105
2022-02-01 $299,225 (19.2%) $348,101 (18.2%) 0.00 104
2022-03-01 $300,968 (16.2%) $325,686 (7.3%) 0.00 108
2022-04-01 $319,400 (16.4%) $317,823 (1.2%) 0.00 111
2022-05-01 $313,750 (25.6%) $328,798 (4.6%) 0.00 109
2022-06-01 $337,373 (33.9%) $351,977 (11.9%) 0.00 124
2022-07-01 $326,000 (26.9%) $354,637 (10.5%) 0.00 162
2022-08-01 $163,225 (-35.0%) $233,534 (-30.2%) 0.00 317
2022-09-01 $257,250 (-6.5%) $272,486 (-21.0%) 0.00 240
2022-10-01 $334,495 (13.4%) $338,046 (-2.0%) 0.00 153
2022-11-01 $328,950 (7.9%) $335,418 (-4.1%) 0.00 151
2022-12-01 $349,000 (22.0%) $338,194 (3.8%) 0.00 123
2023-01-01 $349,968 (18.6%) $340,914 (3.9%) 0.00 106
2023-02-01 $343,720 (14.9%) $339,481 (-2.5%) 0.00 101
2023-03-01 $329,990 (9.6%) $327,935 (0.7%) 0.00 105
2023-04-01 $351,900 (10.2%) $353,077 (11.1%) 0.00 112
2023-05-01 $362,445 (15.5%) $366,397 (11.4%) 0.00 140
2023-06-01 $359,945 (6.7%) $374,788 (6.5%) 0.00 155
2023-07-01 $359,900 (10.4%) $396,502 (11.8%) 0.00 151
2023-08-01 $348,425 (113.5%) $393,114 (68.3%) 0.00 162
2023-09-01 $349,000 (35.7%) $409,976 (50.5%) 0.00 171
2023-10-01 $355,245 (6.2%) $402,088 (18.9%) 0.00 174
2023-11-01 $354,874 (7.9%) $384,719 (14.7%) 0.00 175
2023-12-01 $362,745 (3.9%) $380,623 (12.6%) 0.00 166
2024-01-01 $350,473 (0.1%) $366,193 (7.4%) 0.00 154
2024-02-01 $342,243 (-0.4%) $362,561 (6.8%) 0.00 161
2024-03-01 $355,000 (7.6%) $364,287 (11.1%) 0.00 170
2024-04-01 $361,495 (2.7%) $374,833 (6.2%) 0.00 159
2024-05-01 $387,750 (7.0%) $392,128 (7.0%) 0.00 177
Elizabeth City's median listing price for 2024-05-01 was $387,750, a difference of $25,305 (7.0%) versus the prior year and $26,255 versus the prior month.

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

Elizabeth City's average listing price for 2024-05-01 was $392,128, a difference of $25,731 (7.0%) versus the prior year and $17,295 versus the prior month.

For the 2024-05-01 period, Elizabeth City had 177 MLS listings, a difference of 18 listings (11%) versus the prior month and 37 listings (26%) versus the prior year.

Median Listing Time on Market & Square Footage

Realtor.com - Elizabeth City (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Time on Market Median Square Footage
2018-01-01 0 days 2,153 sqft
2018-02-01 0 days 2,148 sqft
2018-03-01 0 days 2,192 sqft
2018-04-01 0 days 2,177 sqft
2018-05-01 0 days 2,221 sqft
2018-06-01 0 days 2,184 sqft
2018-07-01 0 days 2,192 sqft
2018-08-01 0 days 2,217 sqft
2018-09-01 0 days 2,195 sqft
2018-10-01 0 days 2,206 sqft
2018-11-01 0 days 2,167 sqft
2018-12-01 0 days 2,150 sqft
2019-01-01 0 days 2,150 sqft
2019-02-01 0 days 2,166 sqft
2019-03-01 0 days 2,157 sqft
2019-04-01 0 days 2,125 sqft
2019-05-01 0 days 2,082 sqft
2019-06-01 0 days 2,109 sqft
2019-07-01 0 days 2,154 sqft
2019-08-01 0 days 2,145 sqft
2019-09-01 0 days 2,123 sqft
2019-10-01 0 days 2,115 sqft
2019-11-01 0 days 2,120 sqft
2019-12-01 0 days 2,165 sqft
2020-01-01 0 days 2,150 sqft
2020-02-01 0 days 2,150 sqft
2020-03-01 0 days 2,153 sqft
2020-04-01 0 days 2,150 sqft
2020-05-01 0 days 2,224 sqft
2020-06-01 0 days 2,356 sqft
2020-07-01 0 days 2,288 sqft
2020-08-01 0 days 2,288 sqft
2020-09-01 0 days 2,295 sqft
2020-10-01 0 days 2,190 sqft
2020-11-01 0 days 2,173 sqft
2020-12-01 0 days 2,150 sqft
2021-01-01 0 days 2,345 sqft
2021-02-01 0 days 2,415 sqft
2021-03-01 0 days 2,316 sqft
2021-04-01 0 days 2,324 sqft
2021-05-01 0 days 1,954 sqft
2021-06-01 0 days 1,904 sqft
2021-07-01 0 days 1,800 sqft
2021-08-01 0 days 2,065 sqft
2021-09-01 0 days 2,172 sqft
2021-10-01 0 days 2,196 sqft
2021-11-01 0 days 2,139 sqft
2021-12-01 0 days 2,186 sqft
2022-01-01 0 days 2,092 sqft
2022-02-01 0 days 2,071 sqft
2022-03-01 0 days 2,074 sqft
2022-04-01 0 days 2,121 sqft
2022-05-01 0 days 2,086 sqft
2022-06-01 0 days 2,121 sqft
2022-07-01 0 days 2,132 sqft
2022-08-01 0 days 2,142 sqft
2022-09-01 0 days 2,113 sqft
2022-10-01 0 days 2,028 sqft
2022-11-01 0 days 1,943 sqft
2022-12-01 0 days 2,003 sqft
2023-01-01 0 days 2,048 sqft
2023-02-01 0 days 2,003 sqft
2023-03-01 0 days 1,944 sqft
2023-04-01 0 days 2,000 sqft
2023-05-01 0 days 2,115 sqft
2023-06-01 0 days 2,132 sqft
2023-07-01 0 days 2,150 sqft
2023-08-01 0 days 2,022 sqft
2023-09-01 0 days 2,070 sqft
2023-10-01 0 days 2,046 sqft
2023-11-01 0 days 2,060 sqft
2023-12-01 0 days 2,097 sqft
2024-01-01 0 days 2,065 sqft
2024-02-01 0 days 2,000 sqft
2024-03-01 0 days 2,033 sqft
2024-04-01 0 days 2,022 sqft
2024-05-01 0 days 2,187 sqft
Elizabeth City's median listing age (time on market) for 2024-05-01 was 0 days.

Elizabeth City's median square footage for active listings during the 2024-05-01 period was 2,187 sqft. One year prior, the average listing was 2,115 sqft.