Gary USDA Loan Rates, Closing Costs & Stats
GARY, IN
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.
Gary USDA Loans, 30 Year Fixed Rates
30 Year USDA mortgages in Gary
averaged
0%
for the week of 2023-11-10, compared to the national average (all USDA variants) of
0% for the same period.
Gary's average USDA mortgage closing costs are $0.
The average rate for the prior week (2023-11-03) was
0% and
one month ago for the week of 2023-10-06, the
average rate was 0%.
The average rate one year ago was 0%.
For refis of the same type during the week of 2023-11-10, the average rate
was 0%.
Gary 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 Gary level.
| Name | # of Loans | 2022 Avg. 30yFix Rate | 2022 Avg. Closing Costs |
|---|
The lowest fee Gary USDA lenders (with over 10 loans originated) are
.
The lowest rate Gary USDA lenders (with over 10 loans originated) are
.
Market Conditions (Median, Average Prices & Listing Count)
Realtor.com - Gary (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 | $287,250 (6.0%) | $450,243 (4.4%) | 1.07 | 27,462 |
| 2018-02-01 | $302,450 (6.1%) | $469,283 (4.1%) | 1.10 | 27,948 |
| 2018-03-01 | $325,000 (8.5%) | $488,512 (5.1%) | 1.14 | 29,775 |
| 2018-04-01 | $330,125 (6.8%) | $492,279 (4.2%) | 1.12 | 31,629 |
| 2018-05-01 | $334,425 (5.3%) | $489,964 (3.3%) | 1.12 | 33,742 |
| 2018-06-01 | $329,999 (3.9%) | $482,144 (2.3%) | 1.10 | 36,367 |
| 2018-07-01 | $324,950 (3.2%) | $471,234 (1.1%) | 1.09 | 38,489 |
| 2018-08-01 | $319,700 (6.2%) | $460,191 (1.2%) | 1.07 | 39,562 |
| 2018-09-01 | $315,000 (5.0%) | $453,688 (0.9%) | 1.06 | 40,227 |
| 2018-10-01 | $309,950 (3.4%) | $448,876 (-0.6%) | 1.05 | 39,896 |
| 2018-11-01 | $299,950 (1.8%) | $445,533 (-0.6%) | 1.02 | 37,549 |
| 2018-12-01 | $295,000 (2.3%) | $437,503 (-1.1%) | 1.02 | 32,860 |
| 2019-01-01 | $295,950 (3.0%) | $440,642 (-2.1%) | 1.02 | 29,957 |
| 2019-02-01 | $309,500 (2.3%) | $462,219 (-1.5%) | 1.05 | 30,300 |
| 2019-03-01 | $324,429 (-0.2%) | $476,348 (-2.5%) | 1.06 | 32,303 |
| 2019-04-01 | $338,000 (2.4%) | $485,310 (-1.4%) | 1.07 | 34,401 |
| 2019-05-01 | $339,250 (1.4%) | $480,573 (-1.9%) | 1.06 | 36,833 |
| 2019-06-01 | $335,000 (1.5%) | $475,608 (-1.4%) | 1.05 | 38,919 |
| 2019-07-01 | $329,950 (1.5%) | $468,106 (-0.7%) | 1.03 | 40,389 |
| 2019-08-01 | $324,413 (1.5%) | $459,230 (-0.2%) | 1.03 | 40,814 |
| 2019-09-01 | $318,556 (1.1%) | $452,746 (-0.2%) | 1.02 | 40,712 |
| 2019-10-01 | $314,250 (1.4%) | $448,132 (-0.2%) | 1.01 | 40,420 |
| 2019-11-01 | $304,900 (1.7%) | $442,260 (-0.7%) | 1.00 | 36,900 |
| 2019-12-01 | $299,000 (1.4%) | $438,806 (0.3%) | 1.00 | 31,663 |
| 2020-01-01 | $299,450 (1.2%) | $441,961 (0.3%) | 1.00 | 28,838 |
| 2020-02-01 | $315,000 (1.8%) | $464,351 (0.5%) | 1.03 | 29,383 |
| 2020-03-01 | $325,000 (0.2%) | $473,373 (-0.6%) | 1.02 | 29,999 |
| 2020-04-01 | $323,400 (-4.3%) | $463,289 (-4.5%) | 1.01 | 28,557 |
| 2020-05-01 | $329,000 (-3.0%) | $474,893 (-1.2%) | 1.00 | 28,625 |
| 2020-06-01 | $336,220 (0.4%) | $486,541 (2.3%) | 0.99 | 28,544 |
| 2020-07-01 | $339,997 (3.1%) | $494,367 (5.6%) | 0.99 | 27,611 |
| 2020-08-01 | $344,900 (6.3%) | $499,470 (8.8%) | 0.99 | 27,206 |
| 2020-09-01 | $343,533 (7.8%) | $502,320 (11.0%) | 0.98 | 27,378 |
| 2020-10-01 | $339,900 (8.2%) | $497,728 (11.1%) | 0.97 | 27,446 |
| 2020-11-01 | $331,995 (8.9%) | $494,908 (11.9%) | 0.97 | 24,898 |
| 2020-12-01 | $325,000 (8.7%) | $492,461 (12.2%) | 0.97 | 21,084 |
| 2021-01-01 | $325,000 (8.5%) | $502,912 (13.8%) | 0.97 | 18,122 |
| 2021-02-01 | $339,450 (7.8%) | $540,880 (16.5%) | 0.99 | 16,163 |
| 2021-03-01 | $349,000 (7.4%) | $548,964 (16.0%) | 0.99 | 15,878 |
| 2021-04-01 | $349,900 (8.2%) | $549,022 (18.5%) | 0.95 | 16,544 |
| 2021-05-01 | $350,000 (6.4%) | $545,431 (14.9%) | 0.93 | 17,477 |
| 2021-06-01 | $350,000 (4.1%) | $534,307 (9.8%) | 0.92 | 19,694 |
| 2021-07-01 | $349,000 (2.7%) | $518,714 (4.9%) | 0.92 | 21,816 |
| 2021-08-01 | $337,450 (-2.2%) | $497,393 (-0.4%) | 0.90 | 22,741 |
| 2021-09-01 | $329,900 (-4.0%) | $488,040 (-2.8%) | 0.88 | 22,673 |
| 2021-10-01 | $325,900 (-4.1%) | $484,824 (-2.6%) | 0.87 | 21,991 |
| 2021-11-01 | $319,950 (-3.6%) | $482,040 (-2.6%) | 0.86 | 19,186 |
| 2021-12-01 | $312,200 (-3.9%) | $476,994 (-3.1%) | 0.85 | 15,719 |
| 2022-01-01 | $310,000 (-4.6%) | $489,343 (-2.7%) | 0.84 | 12,837 |
| 2022-02-01 | $322,500 (-5.0%) | $513,933 (-5.0%) | 0.84 | 11,725 |
| 2022-03-01 | $332,450 (-4.7%) | $523,593 (-4.6%) | 0.83 | 12,152 |
| 2022-04-01 | $349,900 (0.0%) | $531,824 (-3.1%) | 0.83 | 12,382 |
| 2022-05-01 | $354,900 (1.4%) | $535,363 (-1.9%) | 0.81 | 14,846 |
| 2022-06-01 | $359,900 (2.8%) | $530,444 (-0.7%) | 0.80 | 17,050 |
| 2022-07-01 | $350,000 (0.3%) | $513,670 (-1.0%) | 0.79 | 19,719 |
| 2022-08-01 | $349,450 (3.6%) | $507,873 (2.1%) | 0.81 | 19,915 |
| 2022-09-01 | $340,000 (3.1%) | $502,182 (2.9%) | 0.79 | 19,798 |
| 2022-10-01 | $339,700 (4.2%) | $498,038 (2.7%) | 0.80 | 19,805 |
| 2022-11-01 | $329,950 (3.1%) | $490,600 (1.8%) | 0.79 | 19,018 |
| 2022-12-01 | $322,425 (3.3%) | $481,210 (0.9%) | 0.80 | 16,289 |
| 2023-01-01 | $327,450 (5.6%) | $492,894 (0.7%) | 0.81 | 14,258 |
| 2023-02-01 | $337,495 (4.7%) | $517,753 (0.7%) | 0.82 | 12,900 |
| 2023-03-01 | $352,400 (6.0%) | $544,425 (4.0%) | 0.83 | 12,275 |
| 2023-04-01 | $369,000 (5.5%) | $567,393 (6.7%) | 0.86 | 11,824 |
| 2023-05-01 | $376,000 (6.0%) | $591,727 (10.5%) | 0.85 | 12,097 |
| 2023-06-01 | $382,500 (6.3%) | $589,718 (11.2%) | 0.86 | 13,059 |
| 2023-07-01 | $389,000 (11.1%) | $586,937 (14.3%) | 0.88 | 13,966 |
| 2023-08-01 | $384,500 (10.0%) | $578,186 (13.8%) | 0.88 | 14,426 |
| 2023-09-01 | $375,000 (10.3%) | $565,520 (12.6%) | 0.87 | 14,996 |
| 2023-10-01 | $369,950 (8.9%) | $559,841 (12.4%) | 0.87 | 15,411 |
Gary's median listing price comes in at 87% of the national average.
Gary's average listing price for 2023-10-01 was $559,841, a difference of $61,803 (12.4%) versus the prior year and $-5,679 versus the prior month.
For the 2023-10-01 period, Gary had 15,411 MLS listings, a difference of 415 listings (3%) versus the prior month and -4,394 listings (-22%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Gary (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis| Date | Median Listing Time on Market | Median Square Footage |
|---|---|---|
| 2018-01-01 | 75 days | 1,893 sqft |
| 2018-02-01 | 54 days | 1,950 sqft |
| 2018-03-01 | 43 days | 2,000 sqft |
| 2018-04-01 | 40 days | 2,017 sqft |
| 2018-05-01 | 40 days | 2,021 sqft |
| 2018-06-01 | 42 days | 2,016 sqft |
| 2018-07-01 | 44 days | 2,000 sqft |
| 2018-08-01 | 47 days | 1,980 sqft |
| 2018-09-01 | 49 days | 1,967 sqft |
| 2018-10-01 | 51 days | 1,935 sqft |
| 2018-11-01 | 56 days | 1,902 sqft |
| 2018-12-01 | 67 days | 1,868 sqft |
| 2019-01-01 | 73 days | 1,865 sqft |
| 2019-02-01 | 55 days | 1,906 sqft |
| 2019-03-01 | 43 days | 1,963 sqft |
| 2019-04-01 | 39 days | 2,000 sqft |
| 2019-05-01 | 40 days | 2,000 sqft |
| 2019-06-01 | 43 days | 2,000 sqft |
| 2019-07-01 | 45 days | 2,000 sqft |
| 2019-08-01 | 48 days | 1,972 sqft |
| 2019-09-01 | 51 days | 1,941 sqft |
| 2019-10-01 | 54 days | 1,918 sqft |
| 2019-11-01 | 61 days | 1,900 sqft |
| 2019-12-01 | 74 days | 1,871 sqft |
| 2020-01-01 | 76 days | 1,864 sqft |
| 2020-02-01 | 45 days | 1,920 sqft |
| 2020-03-01 | 43 days | 1,961 sqft |
| 2020-04-01 | 51 days | 1,935 sqft |
| 2020-05-01 | 59 days | 1,958 sqft |
| 2020-06-01 | 45 days | 1,943 sqft |
| 2020-07-01 | 41 days | 1,911 sqft |
| 2020-08-01 | 40 days | 1,875 sqft |
| 2020-09-01 | 40 days | 1,810 sqft |
| 2020-10-01 | 43 days | 1,794 sqft |
| 2020-11-01 | 50 days | 1,734 sqft |
| 2020-12-01 | 58 days | 1,700 sqft |
| 2021-01-01 | 64 days | 1,680 sqft |
| 2021-02-01 | 45 days | 1,677 sqft |
| 2021-03-01 | 40 days | 1,676 sqft |
| 2021-04-01 | 33 days | 1,697 sqft |
| 2021-05-01 | 33 days | 1,703 sqft |
| 2021-06-01 | 32 days | 1,728 sqft |
| 2021-07-01 | 33 days | 1,728 sqft |
| 2021-08-01 | 36 days | 1,704 sqft |
| 2021-09-01 | 38 days | 1,692 sqft |
| 2021-10-01 | 40 days | 1,672 sqft |
| 2021-11-01 | 45 days | 1,643 sqft |
| 2021-12-01 | 53 days | 1,603 sqft |
| 2022-01-01 | 59 days | 1,600 sqft |
| 2022-02-01 | 39 days | 1,600 sqft |
| 2022-03-01 | 34 days | 1,621 sqft |
| 2022-04-01 | 30 days | 1,654 sqft |
| 2022-05-01 | 29 days | 1,700 sqft |
| 2022-06-01 | 30 days | 1,721 sqft |
| 2022-07-01 | 32 days | 1,730 sqft |
| 2022-08-01 | 36 days | 1,723 sqft |
| 2022-09-01 | 40 days | 1,707 sqft |
| 2022-10-01 | 40 days | 1,709 sqft |
| 2022-11-01 | 44 days | 1,703 sqft |
| 2022-12-01 | 54 days | 1,698 sqft |
| 2023-01-01 | 60 days | 1,700 sqft |
| 2023-02-01 | 44 days | 1,703 sqft |
| 2023-03-01 | 40 days | 1,744 sqft |
| 2023-04-01 | 38 days | 1,784 sqft |
| 2023-05-01 | 34 days | 1,800 sqft |
| 2023-06-01 | 34 days | 1,802 sqft |
| 2023-07-01 | 36 days | 1,815 sqft |
| 2023-08-01 | 36 days | 1,803 sqft |
| 2023-09-01 | 37 days | 1,800 sqft |
| 2023-10-01 | 37 days | 1,799 sqft |
Gary's median square footage for active listings during the 2023-10-01 period was 1,799 sqft. One year prior, the average listing was 1,709 sqft.