Hickory USDA Loan Rates, Closing Costs & Stats
HICKORY-LENOIR-MORGANTON, 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.
Hickory's 29 lenders originated 89 USDA loans during 2023. The total origination value was $18,135,000, with an average USDA loan value of $203,764.
Hickory USDA Loans, 30 Year Fixed Rates
30 Year USDA mortgages in Hickory
averaged
5.58%
for the week of 2024-10-04, compared to the national average (all USDA variants) of
5.97% for the same period.
Hickory's average USDA mortgage closing costs are $5,257.
The average rate for the prior week (2024-09-27) was
5.71% and
one month ago for the week of 2024-08-30, the
average rate was 5.74%.
The average rate one year ago was 6.79%.
For refis of the same type during the week of 2024-10-04, the average rate
was 6.03%.
Hickory 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 Hickory level.
The top Hickory USDA lender as defined by loan originations is ATLANTIC BAY MORTGAGE GROUP, L.L.C., with
19 USDA loans originated. Their average total fees are
$9,762, which is $2,071
higher than the next largest lender,
CROSSCOUNTRY MORTGAGE, LLC.
The lowest fee Hickory USDA lenders (with over 10 loans originated) are
CROSSCOUNTRY MORTGAGE, LLC ($7,691), ATLANTIC BAY MORTGAGE GROUP, L.L.C. ($9,762), .
The lowest rate Hickory USDA lenders (with over 10 loans originated) are
ATLANTIC BAY MORTGAGE GROUP, L.L.C. (6.45%), CROSSCOUNTRY MORTGAGE, LLC (6.73%), .
Market Conditions (Median, Average Prices & Listing Count)
Realtor.com - Hickory (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Price (YoY Change) | Average Listing Price (YoY) | MSA/US Median Price Ratio | Active Listings |
---|---|---|---|---|
2018-01-01 | $228,750 (27.6%) | $314,555 (18.2%) | 0.85 | 1,032 |
2018-02-01 | $231,950 (26.1%) | $322,291 (18.3%) | 0.84 | 1,095 |
2018-03-01 | $246,398 (28.4%) | $343,090 (22.6%) | 0.86 | 1,058 |
2018-04-01 | $253,655 (23.7%) | $349,105 (21.2%) | 0.86 | 1,118 |
2018-05-01 | $256,880 (19.5%) | $353,026 (20.5%) | 0.86 | 1,112 |
2018-06-01 | $259,900 (19.8%) | $358,282 (17.6%) | 0.87 | 1,122 |
2018-07-01 | $249,875 (13.6%) | $351,641 (13.3%) | 0.83 | 1,204 |
2018-08-01 | $245,250 (9.0%) | $352,312 (14.4%) | 0.82 | 1,236 |
2018-09-01 | $238,950 (6.2%) | $338,587 (8.1%) | 0.80 | 1,283 |
2018-10-01 | $237,900 (4.9%) | $336,271 (7.1%) | 0.81 | 1,287 |
2018-11-01 | $248,000 (5.6%) | $338,742 (6.3%) | 0.84 | 1,219 |
2018-12-01 | $249,000 (6.0%) | $338,339 (6.7%) | 0.86 | 1,149 |
2019-01-01 | $249,900 (9.3%) | $344,359 (9.5%) | 0.86 | 1,005 |
2019-02-01 | $249,950 (7.8%) | $340,334 (5.6%) | 0.84 | 989 |
2019-03-01 | $265,543 (7.8%) | $356,181 (3.8%) | 0.87 | 925 |
2019-04-01 | $279,800 (10.3%) | $377,124 (8.0%) | 0.89 | 866 |
2019-05-01 | $299,250 (16.5%) | $391,935 (11.0%) | 0.94 | 861 |
2019-06-01 | $299,000 (15.0%) | $398,138 (11.1%) | 0.93 | 872 |
2019-07-01 | $297,750 (19.2%) | $394,532 (12.2%) | 0.93 | 884 |
2019-08-01 | $295,486 (20.5%) | $392,056 (11.3%) | 0.94 | 872 |
2019-09-01 | $289,841 (21.3%) | $385,679 (13.9%) | 0.93 | 851 |
2019-10-01 | $280,225 (17.8%) | $377,986 (12.4%) | 0.90 | 845 |
2019-11-01 | $269,900 (8.8%) | $365,745 (8.0%) | 0.88 | 840 |
2019-12-01 | $274,900 (10.4%) | $369,415 (9.2%) | 0.92 | 777 |
2020-01-01 | $267,450 (7.0%) | $372,224 (8.1%) | 0.89 | 702 |
2020-02-01 | $260,000 (4.0%) | $370,519 (8.9%) | 0.85 | 686 |
2020-03-01 | $259,950 (-2.1%) | $361,376 (1.5%) | 0.81 | 677 |
2020-04-01 | $263,675 (-5.8%) | $357,475 (-5.2%) | 0.83 | 669 |
2020-05-01 | $269,900 (-9.8%) | $373,722 (-4.7%) | 0.82 | 589 |
2020-06-01 | $279,450 (-6.5%) | $389,848 (-2.1%) | 0.82 | 528 |
2020-07-01 | $299,500 (0.6%) | $396,934 (0.6%) | 0.87 | 490 |
2020-08-01 | $310,000 (4.9%) | $406,247 (3.6%) | 0.89 | 443 |
2020-09-01 | $299,175 (3.2%) | $407,475 (5.7%) | 0.86 | 513 |
2020-10-01 | $309,900 (10.6%) | $413,087 (9.3%) | 0.89 | 425 |
2020-11-01 | $299,950 (11.1%) | $417,807 (14.2%) | 0.88 | 438 |
2020-12-01 | $294,450 (7.1%) | $412,280 (11.6%) | 0.88 | 412 |
2021-01-01 | $285,000 (6.6%) | $421,957 (13.4%) | 0.85 | 366 |
2021-02-01 | $259,950 (0.0%) | $414,807 (12.0%) | 0.76 | 324 |
2021-03-01 | $264,500 (1.8%) | $414,911 (14.8%) | 0.75 | 287 |
2021-04-01 | $264,700 (0.4%) | $416,582 (16.5%) | 0.72 | 281 |
2021-05-01 | $264,950 (-1.8%) | $433,273 (15.9%) | 0.70 | 297 |
2021-06-01 | $267,750 (-4.2%) | $428,482 (9.9%) | 0.70 | 342 |
2021-07-01 | $275,000 (-8.2%) | $410,979 (3.5%) | 0.73 | 393 |
2021-08-01 | $270,600 (-12.7%) | $391,978 (-3.5%) | 0.72 | 402 |
2021-09-01 | $272,500 (-8.9%) | $401,846 (-1.4%) | 0.73 | 406 |
2021-10-01 | $269,900 (-12.9%) | $405,718 (-1.8%) | 0.72 | 377 |
2021-11-01 | $281,950 (-6.0%) | $407,596 (-2.4%) | 0.75 | 356 |
2021-12-01 | $277,400 (-5.8%) | $417,883 (1.4%) | 0.75 | 311 |
2022-01-01 | $296,700 (4.1%) | $438,266 (3.9%) | 0.80 | 253 |
2022-02-01 | $294,350 (13.2%) | $427,885 (3.2%) | 0.77 | 233 |
2022-03-01 | $311,175 (17.7%) | $432,407 (4.2%) | 0.78 | 254 |
2022-04-01 | $300,000 (13.3%) | $450,281 (8.1%) | 0.72 | 249 |
2022-05-01 | $317,450 (19.8%) | $486,863 (12.4%) | 0.73 | 336 |
2022-06-01 | $326,500 (21.9%) | $483,176 (12.8%) | 0.73 | 384 |
2022-07-01 | $339,900 (23.6%) | $477,571 (16.2%) | 0.77 | 465 |
2022-08-01 | $346,145 (27.9%) | $478,147 (22.0%) | 0.80 | 505 |
2022-09-01 | $339,675 (24.7%) | $482,555 (20.1%) | 0.79 | 503 |
2022-10-01 | $339,900 (25.9%) | $477,720 (17.8%) | 0.80 | 520 |
2022-11-01 | $340,773 (20.9%) | $466,358 (14.4%) | 0.82 | 573 |
2022-12-01 | $329,900 (18.9%) | $464,150 (11.1%) | 0.81 | 528 |
2023-01-01 | $343,395 (15.7%) | $475,266 (8.4%) | 0.85 | 483 |
2023-02-01 | $349,900 (18.9%) | $480,283 (12.3%) | 0.84 | 438 |
2023-03-01 | $349,450 (12.3%) | $486,667 (12.6%) | 0.82 | 440 |
2023-04-01 | $369,900 (23.3%) | $509,681 (13.2%) | 0.86 | 449 |
2023-05-01 | $376,252 (18.5%) | $523,504 (7.5%) | 0.85 | 489 |
2023-06-01 | $385,000 (17.9%) | $524,757 (8.6%) | 0.87 | 482 |
2023-07-01 | $373,540 (9.9%) | $514,800 (7.8%) | 0.85 | 497 |
2023-08-01 | $369,900 (6.9%) | $504,256 (5.5%) | 0.85 | 552 |
2023-09-01 | $360,000 (6.0%) | $506,685 (5.0%) | 0.84 | 590 |
2023-10-01 | $349,950 (3.0%) | $505,553 (5.8%) | 0.82 | 601 |
2023-11-01 | $348,750 (2.3%) | $492,779 (5.7%) | 0.83 | 647 |
2023-12-01 | $349,900 (6.1%) | $498,989 (7.5%) | 0.85 | 676 |
2024-01-01 | $349,900 (1.9%) | $482,637 (1.6%) | 0.85 | 632 |
2024-02-01 | $358,066 (2.3%) | $496,559 (3.4%) | 0.86 | 602 |
2024-03-01 | $359,900 (3.0%) | $505,788 (3.9%) | 0.85 | 637 |
2024-04-01 | $369,450 (-0.1%) | $509,938 (0.1%) | 0.86 | 674 |
2024-05-01 | $376,420 (0.0%) | $533,020 (1.8%) | 0.85 | 709 |
2024-06-01 | $375,000 (-2.6%) | $528,427 (0.7%) | 0.84 | 738 |
2024-07-01 | $367,720 (-1.6%) | $519,039 (0.8%) | 0.84 | 802 |
2024-08-01 | $350,000 (-5.4%) | $496,804 (-1.5%) | 0.81 | 873 |
2024-09-01 | $349,000 (-3.1%) | $493,119 (-2.7%) | 0.00 | 924 |
Hickory's median listing price comes in at 0% of the national average.
Hickory's average listing price for 2024-09-01 was $493,119, a difference of $-13,566 (-2.7%) versus the prior year and $-3,685 versus the prior month.
For the 2024-09-01 period, Hickory had 924 MLS listings, a difference of 51 listings (6%) versus the prior month and 334 listings (57%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Hickory (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Time on Market | Median Square Footage |
---|---|---|
2018-01-01 | 104 days | 2,091 sqft |
2018-02-01 | 86 days | 2,076 sqft |
2018-03-01 | 73 days | 2,123 sqft |
2018-04-01 | 63 days | 2,151 sqft |
2018-05-01 | 61 days | 2,183 sqft |
2018-06-01 | 64 days | 2,104 sqft |
2018-07-01 | 65 days | 2,082 sqft |
2018-08-01 | 67 days | 2,100 sqft |
2018-09-01 | 73 days | 2,031 sqft |
2018-10-01 | 81 days | 2,082 sqft |
2018-11-01 | 88 days | 2,069 sqft |
2018-12-01 | 95 days | 2,052 sqft |
2019-01-01 | 97 days | 2,071 sqft |
2019-02-01 | 92 days | 2,012 sqft |
2019-03-01 | 80 days | 2,123 sqft |
2019-04-01 | 72 days | 2,207 sqft |
2019-05-01 | 65 days | 2,274 sqft |
2019-06-01 | 63 days | 2,332 sqft |
2019-07-01 | 64 days | 2,282 sqft |
2019-08-01 | 62 days | 2,249 sqft |
2019-09-01 | 65 days | 2,230 sqft |
2019-10-01 | 66 days | 2,183 sqft |
2019-11-01 | 65 days | 2,123 sqft |
2019-12-01 | 74 days | 2,114 sqft |
2020-01-01 | 85 days | 2,112 sqft |
2020-02-01 | 73 days | 2,079 sqft |
2020-03-01 | 55 days | 2,044 sqft |
2020-04-01 | 54 days | 2,038 sqft |
2020-05-01 | 60 days | 2,063 sqft |
2020-06-01 | 60 days | 2,102 sqft |
2020-07-01 | 52 days | 2,194 sqft |
2020-08-01 | 44 days | 2,187 sqft |
2020-09-01 | 37 days | 2,110 sqft |
2020-10-01 | 43 days | 2,202 sqft |
2020-11-01 | 44 days | 2,185 sqft |
2020-12-01 | 50 days | 2,080 sqft |
2021-01-01 | 58 days | 1,964 sqft |
2021-02-01 | 48 days | 1,926 sqft |
2021-03-01 | 41 days | 1,893 sqft |
2021-04-01 | 36 days | 1,918 sqft |
2021-05-01 | 29 days | 1,870 sqft |
2021-06-01 | 29 days | 1,819 sqft |
2021-07-01 | 29 days | 1,870 sqft |
2021-08-01 | 33 days | 1,903 sqft |
2021-09-01 | 39 days | 1,898 sqft |
2021-10-01 | 37 days | 1,828 sqft |
2021-11-01 | 40 days | 1,901 sqft |
2021-12-01 | 43 days | 1,792 sqft |
2022-01-01 | 46 days | 1,904 sqft |
2022-02-01 | 34 days | 1,875 sqft |
2022-03-01 | 27 days | 1,902 sqft |
2022-04-01 | 26 days | 1,806 sqft |
2022-05-01 | 27 days | 1,789 sqft |
2022-06-01 | 34 days | 1,899 sqft |
2022-07-01 | 32 days | 1,937 sqft |
2022-08-01 | 41 days | 1,970 sqft |
2022-09-01 | 43 days | 1,957 sqft |
2022-10-01 | 48 days | 1,970 sqft |
2022-11-01 | 47 days | 1,989 sqft |
2022-12-01 | 57 days | 1,920 sqft |
2023-01-01 | 71 days | 1,915 sqft |
2023-02-01 | 69 days | 1,887 sqft |
2023-03-01 | 43 days | 1,881 sqft |
2023-04-01 | 44 days | 1,996 sqft |
2023-05-01 | 40 days | 2,039 sqft |
2023-06-01 | 44 days | 2,034 sqft |
2023-07-01 | 43 days | 1,980 sqft |
2023-08-01 | 41 days | 1,976 sqft |
2023-09-01 | 44 days | 1,933 sqft |
2023-10-01 | 46 days | 1,816 sqft |
2023-11-01 | 47 days | 1,799 sqft |
2023-12-01 | 52 days | 1,884 sqft |
2024-01-01 | 61 days | 1,898 sqft |
2024-02-01 | 60 days | 1,898 sqft |
2024-03-01 | 45 days | 1,828 sqft |
2024-04-01 | 43 days | 1,890 sqft |
2024-05-01 | 37 days | 1,935 sqft |
2024-06-01 | 41 days | 1,920 sqft |
2024-07-01 | 44 days | 1,928 sqft |
2024-08-01 | 49 days | 1,838 sqft |
2024-09-01 | 0 days | 1,830 sqft |
Hickory's median square footage for active listings during the 2024-09-01 period was 1,830 sqft. One year prior, the average listing was 1,933 sqft.