Ithaca USDA Loan Rates, Closing Costs & Stats

ITHACA, NY

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    • 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.

    Ithaca's 2 lenders originated 2 USDA loans during 2023. The total origination value was $540,000, with an average USDA loan value of $270,000.

    Ithaca USDA Loans, 30 Year Fixed Rates

    30 Year USDA mortgages in Ithaca averaged 6.22% for the week of 2025-02-14, compared to the national average (all USDA variants) of 6.526% for the same period.

    Ithaca's average USDA mortgage closing costs are $6,211.

    The average rate for the prior week (2025-02-07) was 6.08% and one month ago for the week of 2025-01-10, the average rate was 6.03%.

    The average rate one year ago was 6.02%.

    For refis of the same type during the week of 2025-02-14, the average rate was 6.33%.

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

    Ithaca 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 Ithaca level.

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    Five Star Bank 1 6.63% $7,349
    UNITED WHOLESALE MORTGAGE, LLC 1 5.62% $21,524

    The top Ithaca USDA lender as defined by loan originations is Five Star Bank, with 1 USDA loans originated. Their average total fees are $7,349, which is $14,175 lower than the next largest lender, UNITED WHOLESALE MORTGAGE, LLC.

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

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

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Ithaca (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 $240,000 (-1.5%) $329,192 (6.6%) 0.00 181
    2018-02-01 $254,725 (-1.3%) $331,638 (1.0%) 0.00 175
    2018-03-01 $268,500 (-3.2%) $334,450 (-1.7%) 0.00 193
    2018-04-01 $264,167 (-5.6%) $328,622 (-3.9%) 0.00 213
    2018-05-01 $284,700 (1.3%) $335,569 (-4.6%) 0.00 238
    2018-06-01 $269,000 (-3.9%) $329,591 (-8.0%) 0.00 266
    2018-07-01 $259,175 (-7.4%) $314,746 (-10.0%) 0.00 270
    2018-08-01 $251,150 (-6.7%) $308,292 (-10.4%) 0.00 274
    2018-09-01 $250,000 (-5.6%) $313,434 (-7.5%) 0.00 267
    2018-10-01 $253,250 (-8.0%) $309,273 (-9.7%) 0.00 247
    2018-11-01 $250,875 (-6.4%) $322,854 (-4.4%) 0.00 218
    2018-12-01 $239,000 (-8.0%) $332,772 (-1.8%) 0.00 190
    2019-01-01 $235,500 (-1.9%) $330,393 (0.4%) 0.00 169
    2019-02-01 $239,450 (-6.0%) $341,703 (3.0%) 0.00 186
    2019-03-01 $261,286 (-2.7%) $366,936 (9.7%) 0.00 216
    2019-04-01 $272,911 (3.3%) $373,016 (13.5%) 0.00 239
    2019-05-01 $271,500 (-4.6%) $375,032 (11.8%) 0.00 254
    2019-06-01 $275,000 (2.2%) $350,098 (6.2%) 0.00 277
    2019-07-01 $274,475 (5.9%) $348,780 (10.8%) 0.00 265
    2019-08-01 $275,182 (9.6%) $347,562 (12.7%) 0.00 261
    2019-09-01 $269,455 (7.8%) $342,292 (9.2%) 0.00 257
    2019-10-01 $262,500 (3.7%) $334,772 (8.2%) 0.00 248
    2019-11-01 $249,250 (-0.7%) $315,415 (-2.3%) 0.00 221
    2019-12-01 $249,900 (4.6%) $325,364 (-2.2%) 0.00 178
    2020-01-01 $249,375 (5.9%) $329,766 (-0.2%) 0.00 148
    2020-02-01 $270,000 (12.8%) $351,654 (2.9%) 0.00 149
    2020-03-01 $276,200 (5.7%) $354,569 (-3.4%) 0.00 170
    2020-04-01 $275,000 (0.8%) $353,236 (-5.3%) 0.00 160
    2020-05-01 $299,000 (10.1%) $373,227 (-0.5%) 0.00 168
    2020-06-01 $292,450 (6.4%) $355,559 (1.6%) 0.00 176
    2020-07-01 $284,950 (3.8%) $344,456 (-1.2%) 0.00 192
    2020-08-01 $280,000 (1.8%) $343,513 (-1.2%) 0.00 171
    2020-09-01 $281,225 (4.4%) $363,421 (6.2%) 0.00 146
    2020-10-01 $283,700 (8.1%) $366,626 (9.5%) 0.00 132
    2020-11-01 $271,450 (8.9%) $388,797 (23.3%) 0.00 128
    2020-12-01 $272,625 (9.1%) $397,365 (22.1%) 0.00 118
    2021-01-01 $294,000 (17.9%) $451,170 (36.8%) 0.00 91
    2021-02-01 $298,875 (10.7%) $440,031 (25.1%) 0.00 82
    2021-03-01 $302,000 (9.3%) $422,499 (19.2%) 0.00 67
    2021-04-01 $298,000 (8.4%) $420,636 (19.1%) 0.00 67
    2021-05-01 $300,000 (0.3%) $435,973 (16.8%) 0.00 82
    2021-06-01 $296,000 (1.2%) $402,824 (13.3%) 0.00 77
    2021-07-01 $266,950 (-6.3%) $368,824 (7.1%) 0.00 87
    2021-08-01 $292,500 (4.5%) $401,818 (17.0%) 0.00 87
    2021-09-01 $274,000 (-2.6%) $394,802 (8.6%) 0.00 73
    2021-10-01 $275,000 (-3.1%) $384,559 (4.9%) 0.00 57
    2021-11-01 $288,000 (6.1%) $387,499 (-0.3%) 0.00 61
    2021-12-01 $291,500 (6.9%) $383,974 (-3.4%) 0.00 41
    2022-01-01 $327,000 (11.2%) $437,976 (-2.9%) 0.00 37
    2022-02-01 $355,000 (18.8%) $429,471 (-2.4%) 0.00 41
    2022-03-01 $394,250 (30.6%) $477,373 (13.0%) 0.00 58
    2022-04-01 $375,000 (25.8%) $468,457 (11.4%) 0.00 64
    2022-05-01 $383,725 (27.9%) $492,394 (12.9%) 0.00 81
    2022-06-01 $352,450 (19.1%) $472,688 (17.3%) 0.00 91
    2022-07-01 $345,000 (29.2%) $440,729 (19.5%) 0.00 108
    2022-08-01 $333,725 (14.1%) $450,200 (12.0%) 0.00 105
    2022-09-01 $319,950 (16.8%) $439,609 (11.4%) 0.00 106
    2022-10-01 $317,450 (15.4%) $453,546 (17.9%) 0.00 95
    2022-11-01 $327,450 (13.7%) $488,629 (26.1%) 0.00 72
    2022-12-01 $325,000 (11.5%) $492,158 (28.2%) 0.00 67
    2023-01-01 $356,250 (8.9%) $518,093 (18.3%) 0.00 43
    2023-02-01 $376,725 (6.1%) $534,104 (24.4%) 0.00 51
    2023-03-01 $386,750 (-1.9%) $545,365 (14.2%) 0.00 61
    2023-04-01 $447,000 (19.2%) $599,029 (27.9%) 0.00 70
    2023-05-01 $413,700 (7.8%) $567,570 (15.3%) 0.00 72
    2023-06-01 $417,500 (18.5%) $548,951 (16.1%) 0.00 73
    2023-07-01 $349,450 (1.3%) $474,137 (7.6%) 0.00 75
    2023-08-01 $328,750 (-1.5%) $457,284 (1.6%) 0.00 86
    2023-09-01 $334,999 (4.7%) $463,283 (5.4%) 0.00 70
    2023-10-01 $334,999 (5.5%) $494,068 (8.9%) 0.00 68
    2023-11-01 $360,700 (10.2%) $506,185 (3.6%) 0.00 67
    2023-12-01 $349,000 (7.4%) $445,168 (-9.6%) 0.00 77
    2024-01-01 $345,277 (-3.1%) $481,381 (-7.1%) 0.00 49
    2024-02-01 $380,000 (0.9%) $521,391 (-2.4%) 0.00 52
    2024-03-01 $385,000 (-0.5%) $530,094 (-2.8%) 0.00 53
    2024-04-01 $392,500 (-12.2%) $530,299 (-11.5%) 0.00 78
    2024-05-01 $454,750 (9.9%) $568,914 (0.2%) 0.00 98
    2024-06-01 $425,000 (1.8%) $539,049 (-1.8%) 0.00 101
    2024-07-01 $431,175 (23.4%) $536,097 (13.1%) 0.00 103
    2024-08-01 $399,000 (21.4%) $527,441 (15.3%) 0.00 102
    2024-09-01 $398,250 (18.9%) $521,563 (12.6%) 0.00 96
    2024-10-01 $398,750 (19.0%) $515,219 (4.3%) 0.00 97
    2024-11-01 $396,950 (10.1%) $509,383 (0.6%) 0.00 96
    2024-12-01 $402,450 (15.3%) $525,769 (18.1%) 0.00 84
    2025-01-01 $434,875 (26.0%) $551,358 (14.5%) 0.00 65
    Ithaca's median listing price for 2025-01-01 was $434,875, a difference of $89,598 (26.0%) versus the prior year and $32,425 versus the prior month.

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

    Ithaca's average listing price for 2025-01-01 was $551,358, a difference of $69,977 (14.5%) versus the prior year and $25,589 versus the prior month.

    For the 2025-01-01 period, Ithaca had 65 MLS listings, a difference of -19 listings (-23%) versus the prior month and 16 listings (33%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Ithaca (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 1,990 sqft
    2018-02-01 0 days 1,980 sqft
    2018-03-01 0 days 2,056 sqft
    2018-04-01 0 days 2,009 sqft
    2018-05-01 0 days 2,036 sqft
    2018-06-01 0 days 2,020 sqft
    2018-07-01 0 days 1,975 sqft
    2018-08-01 0 days 1,958 sqft
    2018-09-01 0 days 1,968 sqft
    2018-10-01 0 days 2,003 sqft
    2018-11-01 0 days 1,911 sqft
    2018-12-01 0 days 1,828 sqft
    2019-01-01 0 days 1,798 sqft
    2019-02-01 0 days 1,793 sqft
    2019-03-01 0 days 1,957 sqft
    2019-04-01 0 days 2,028 sqft
    2019-05-01 0 days 1,963 sqft
    2019-06-01 0 days 1,940 sqft
    2019-07-01 0 days 2,016 sqft
    2019-08-01 0 days 2,070 sqft
    2019-09-01 0 days 2,103 sqft
    2019-10-01 0 days 2,120 sqft
    2019-11-01 0 days 2,046 sqft
    2019-12-01 0 days 2,005 sqft
    2020-01-01 0 days 2,051 sqft
    2020-02-01 0 days 2,012 sqft
    2020-03-01 0 days 1,927 sqft
    2020-04-01 0 days 1,892 sqft
    2020-05-01 0 days 1,946 sqft
    2020-06-01 0 days 1,984 sqft
    2020-07-01 0 days 1,968 sqft
    2020-08-01 0 days 2,030 sqft
    2020-09-01 0 days 2,036 sqft
    2020-10-01 0 days 2,072 sqft
    2020-11-01 0 days 2,061 sqft
    2020-12-01 0 days 2,077 sqft
    2021-01-01 0 days 2,207 sqft
    2021-02-01 0 days 2,063 sqft
    2021-03-01 0 days 1,943 sqft
    2021-04-01 0 days 1,784 sqft
    2021-05-01 0 days 1,860 sqft
    2021-06-01 0 days 1,844 sqft
    2021-07-01 0 days 1,794 sqft
    2021-08-01 0 days 1,925 sqft
    2021-09-01 0 days 1,832 sqft
    2021-10-01 0 days 1,804 sqft
    2021-11-01 0 days 1,867 sqft
    2021-12-01 0 days 1,920 sqft
    2022-01-01 0 days 2,106 sqft
    2022-02-01 0 days 2,273 sqft
    2022-03-01 0 days 2,077 sqft
    2022-04-01 0 days 2,054 sqft
    2022-05-01 0 days 2,093 sqft
    2022-06-01 0 days 2,063 sqft
    2022-07-01 0 days 2,088 sqft
    2022-08-01 0 days 2,039 sqft
    2022-09-01 0 days 1,957 sqft
    2022-10-01 0 days 1,883 sqft
    2022-11-01 0 days 2,161 sqft
    2022-12-01 0 days 2,129 sqft
    2023-01-01 0 days 2,418 sqft
    2023-02-01 0 days 2,561 sqft
    2023-03-01 0 days 2,556 sqft
    2023-04-01 0 days 2,685 sqft
    2023-05-01 0 days 2,472 sqft
    2023-06-01 0 days 2,472 sqft
    2023-07-01 0 days 2,180 sqft
    2023-08-01 0 days 1,918 sqft
    2023-09-01 0 days 1,857 sqft
    2023-10-01 0 days 2,120 sqft
    2023-11-01 0 days 2,203 sqft
    2023-12-01 0 days 2,018 sqft
    2024-01-01 0 days 2,052 sqft
    2024-02-01 0 days 2,030 sqft
    2024-03-01 0 days 1,992 sqft
    2024-04-01 0 days 2,029 sqft
    2024-05-01 0 days 2,188 sqft
    2024-06-01 0 days 2,160 sqft
    2024-07-01 0 days 2,138 sqft
    2024-08-01 0 days 1,972 sqft
    2024-09-01 0 days 1,906 sqft
    2024-10-01 0 days 1,924 sqft
    2024-11-01 0 days 1,962 sqft
    2024-12-01 0 days 2,043 sqft
    2025-01-01 0 days 2,198 sqft
    Ithaca's median listing age (time on market) for 2025-01-01 was 0 days.

    Ithaca's median square footage for active listings during the 2025-01-01 period was 2,198 sqft. One year prior, the average listing was 2,052 sqft.