Jackson USDA Loan Rates, Closing Costs & Stats

JACKSON, MI

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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.

    Jackson's 13 lenders originated 22 USDA loans during 2024. The total origination value was $3,910,000, with an average USDA loan value of $177,727.

    Jackson USDA Loans, 30 Year Fixed Rates

    30 Year USDA mortgages in Jackson averaged 6.88% for the week of 2025-05-23, compared to the national average (all USDA variants) of 6.433% for the same period.

    Jackson's average USDA mortgage closing costs are $5,033.

    The average rate for the prior week (2025-05-16) was 6.61% and one month ago for the week of 2025-04-18, the average rate was 6.5%.

    The average rate one year ago was 6.96%.

    For refis of the same type during the week of 2025-05-23, the average rate was 6.25%.

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

    Jackson 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 Jackson level.

    Name # of Loans 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
    CROSSCOUNTRY MORTGAGE, LLC 4 6.44% $6,302
    UNITED WHOLESALE MORTGAGE, LLC 4 6.50% $6,721
    GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION 3 6.50% $6,136
    Flagstar Bank, FSB 1 6.69% $5,481
    GVC MORTGAGE, INC. 1 6.63% $5,397
    MEMBER FIRST MORTGAGE, LLC 1 6.25% $5,995
    Mortgage Research Center, LLC 1 6.25% $4,183
    NEWREZ LLC 1 6.75% $7,691
    Paramount Residential Mortgage Group, Inc. 1 6.75% $6,425
    The Huntington National Bank 1 6.75% $6,069
    TOWNE MORTGAGE COMPANY 1 6.49% $4,962
    Fifth Third Bank 1 6.75% $3,829
    Equity Prime Mortgage LLC 1 6.75% $8,526

    The top Jackson USDA lender as defined by loan originations is CROSSCOUNTRY MORTGAGE, LLC, with 4 USDA loans originated. Their average total fees are $6,302, which is $419 lower than the next largest lender, UNITED WHOLESALE MORTGAGE, LLC.

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

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

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Jackson (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 $139,900 (4.6%) $166,736 (-5.4%) 0.52 631
    2018-02-01 $134,998 (-3.5%) $167,922 (-7.2%) 0.49 602
    2018-03-01 $139,900 (0.0%) $168,114 (-8.6%) 0.49 610
    2018-04-01 $139,900 (0.0%) $173,855 (-6.3%) 0.47 642
    2018-05-01 $149,900 (2.3%) $181,355 (-3.1%) 0.50 680
    2018-06-01 $155,000 (3.4%) $189,977 (0.9%) 0.52 703
    2018-07-01 $149,900 (0.0%) $186,718 (0.6%) 0.50 748
    2018-08-01 $151,955 (1.3%) $187,828 (0.3%) 0.51 762
    2018-09-01 $154,900 (-3.1%) $192,477 (2.2%) 0.52 797
    2018-10-01 $152,900 (2.0%) $200,706 (8.8%) 0.52 786
    2018-11-01 $149,700 (-0.1%) $194,703 (7.9%) 0.51 758
    2018-12-01 $144,950 (0.0%) $192,672 (12.5%) 0.50 690
    2019-01-01 $143,700 (2.7%) $194,341 (16.6%) 0.50 621
    2019-02-01 $144,925 (7.4%) $196,136 (16.8%) 0.49 612
    2019-03-01 $147,114 (5.2%) $196,768 (17.0%) 0.48 596
    2019-04-01 $152,450 (9.0%) $213,797 (23.0%) 0.48 598
    2019-05-01 $157,816 (5.3%) $215,467 (18.8%) 0.49 642
    2019-06-01 $161,250 (4.0%) $218,633 (15.1%) 0.50 670
    2019-07-01 $162,500 (8.4%) $218,032 (16.8%) 0.51 706
    2019-08-01 $163,091 (7.3%) $212,941 (13.4%) 0.52 720
    2019-09-01 $160,227 (3.4%) $204,467 (6.2%) 0.51 744
    2019-10-01 $159,268 (4.2%) $199,765 (-0.5%) 0.51 746
    2019-11-01 $158,950 (6.2%) $199,632 (2.5%) 0.52 680
    2019-12-01 $149,900 (3.4%) $191,952 (-0.4%) 0.50 596
    2020-01-01 $149,900 (4.3%) $189,344 (-2.6%) 0.50 542
    2020-02-01 $145,000 (0.1%) $184,483 (-5.9%) 0.47 539
    2020-03-01 $149,900 (1.9%) $192,727 (-2.1%) 0.47 534
    2020-04-01 $156,500 (2.7%) $196,888 (-7.9%) 0.49 492
    2020-05-01 $174,900 (10.8%) $208,313 (-3.3%) 0.53 508
    2020-06-01 $178,450 (10.7%) $208,537 (-4.6%) 0.53 551
    2020-07-01 $186,500 (14.8%) $216,709 (-0.6%) 0.54 563
    2020-08-01 $176,900 (8.5%) $214,654 (0.8%) 0.51 534
    2020-09-01 $174,925 (9.2%) $220,830 (8.0%) 0.50 504
    2020-10-01 $174,900 (9.8%) $225,728 (13.0%) 0.50 494
    2020-11-01 $169,950 (6.9%) $217,422 (8.9%) 0.50 469
    2020-12-01 $162,450 (8.4%) $207,429 (8.1%) 0.48 433
    2021-01-01 $149,900 (0.0%) $202,742 (7.1%) 0.45 375
    2021-02-01 $149,900 (3.4%) $202,757 (9.9%) 0.44 308
    2021-03-01 $145,750 (-2.8%) $210,125 (9.0%) 0.41 285
    2021-04-01 $147,000 (-6.1%) $209,403 (6.4%) 0.40 292
    2021-05-01 $162,900 (-6.9%) $217,040 (4.2%) 0.43 355
    2021-06-01 $175,000 (-1.9%) $230,496 (10.5%) 0.46 417
    2021-07-01 $179,900 (-3.5%) $236,488 (9.1%) 0.47 464
    2021-08-01 $181,475 (2.6%) $254,881 (18.7%) 0.48 252
    2021-09-01 $180,950 (3.4%) $234,776 (6.3%) 0.48 291
    2021-10-01 $169,900 (-2.9%) $215,217 (-4.7%) 0.45 290
    2021-11-01 $157,150 (-7.5%) $197,765 (-9.0%) 0.42 262
    2021-12-01 $153,475 (-5.5%) $200,618 (-3.3%) 0.42 226
    2022-01-01 $164,000 (9.4%) $212,332 (4.7%) 0.44 213
    2022-02-01 $173,675 (15.9%) $226,694 (11.8%) 0.45 198
    2022-03-01 $177,975 (22.1%) $234,701 (11.7%) 0.45 178
    2022-04-01 $179,950 (22.4%) $223,799 (6.9%) 0.43 174
    2022-05-01 $189,975 (16.6%) $248,341 (14.4%) 0.43 197
    2022-06-01 $219,925 (25.7%) $274,681 (19.2%) 0.49 223
    2022-07-01 $229,000 (27.3%) $282,730 (19.6%) 0.52 278
    2022-08-01 $217,400 (19.8%) $283,247 (11.1%) 0.50 283
    2022-09-01 $219,950 (21.6%) $286,814 (22.2%) 0.51 298
    2022-10-01 $220,000 (29.5%) $277,095 (28.8%) 0.52 308
    2022-11-01 $212,250 (35.1%) $270,966 (37.0%) 0.51 291
    2022-12-01 $199,999 (30.3%) $255,607 (27.4%) 0.49 267
    2023-01-01 $193,200 (17.8%) $252,845 (19.1%) 0.48 229
    2023-02-01 $223,750 (28.8%) $269,783 (19.0%) 0.54 183
    2023-03-01 $235,750 (32.5%) $288,415 (22.9%) 0.56 159
    2023-04-01 $239,900 (33.3%) $307,151 (37.2%) 0.56 179
    2023-05-01 $264,325 (39.1%) $314,388 (26.6%) 0.60 206
    2023-06-01 $262,400 (19.3%) $310,825 (13.2%) 0.59 216
    2023-07-01 $245,000 (7.0%) $301,167 (6.5%) 0.56 228
    2023-08-01 $233,425 (7.4%) $305,038 (7.7%) 0.54 239
    2023-09-01 $229,000 (4.1%) $303,602 (5.9%) 0.53 249
    2023-10-01 $239,950 (9.1%) $310,634 (12.1%) 0.56 287
    2023-11-01 $247,450 (16.6%) $307,652 (13.5%) 0.59 274
    2023-12-01 $233,750 (16.9%) $299,287 (17.1%) 0.57 262
    2024-01-01 $224,975 (16.5%) $287,859 (13.9%) 0.55 243
    2024-02-01 $209,750 (-6.3%) $279,780 (3.7%) 0.50 219
    2024-03-01 $245,900 (4.3%) $308,511 (7.0%) 0.58 213
    2024-04-01 $259,900 (8.3%) $328,592 (7.0%) 0.60 210
    2024-05-01 $273,250 (3.4%) $359,210 (14.3%) 0.62 236
    2024-06-01 $285,000 (8.6%) $366,225 (17.8%) 0.65 278
    2024-07-01 $260,975 (6.5%) $363,217 (20.6%) 0.60 303
    2024-08-01 $254,950 (9.2%) $352,670 (15.6%) 0.59 337
    2024-09-01 $243,975 (6.5%) $324,733 (7.0%) 0.57 375
    2024-10-01 $236,400 (-1.5%) $299,430 (-3.6%) 0.56 387
    2024-11-01 $230,000 (-7.1%) $289,712 (-5.8%) 0.55 381
    2024-12-01 $217,400 (-7.0%) $274,070 (-8.4%) 0.54 355
    2025-01-01 $214,950 (-4.5%) $269,029 (-6.5%) 0.54 321
    2025-02-01 $212,400 (1.3%) $270,119 (-3.5%) 0.52 282
    2025-03-01 $215,000 (-12.6%) $280,182 (-9.2%) 0.51 260
    2025-04-01 $222,450 (-14.4%) $306,296 (-6.8%) 0.52 258
    Jackson's median listing price for 2025-04-01 was $222,450, a difference of $-37,450 (-14.4%) versus the prior year and $7,450 versus the prior month.

    Jackson's median listing price comes in at 52% of the national average.

    Jackson's average listing price for 2025-04-01 was $306,296, a difference of $-22,296 (-6.8%) versus the prior year and $26,114 versus the prior month.

    For the 2025-04-01 period, Jackson had 258 MLS listings, a difference of -2 listings (-1%) versus the prior month and 48 listings (23%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Jackson (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 79 days 1,598 sqft
    2018-02-01 72 days 1,576 sqft
    2018-03-01 53 days 1,600 sqft
    2018-04-01 48 days 1,582 sqft
    2018-05-01 44 days 1,606 sqft
    2018-06-01 43 days 1,679 sqft
    2018-07-01 42 days 1,663 sqft
    2018-08-01 45 days 1,684 sqft
    2018-09-01 47 days 1,710 sqft
    2018-10-01 52 days 1,701 sqft
    2018-11-01 55 days 1,661 sqft
    2018-12-01 64 days 1,603 sqft
    2019-01-01 73 days 1,590 sqft
    2019-02-01 68 days 1,600 sqft
    2019-03-01 59 days 1,650 sqft
    2019-04-01 46 days 1,676 sqft
    2019-05-01 44 days 1,658 sqft
    2019-06-01 45 days 1,750 sqft
    2019-07-01 46 days 1,763 sqft
    2019-08-01 48 days 1,750 sqft
    2019-09-01 51 days 1,711 sqft
    2019-10-01 52 days 1,692 sqft
    2019-11-01 56 days 1,693 sqft
    2019-12-01 67 days 1,642 sqft
    2020-01-01 74 days 1,639 sqft
    2020-02-01 62 days 1,590 sqft
    2020-03-01 55 days 1,594 sqft
    2020-04-01 62 days 1,579 sqft
    2020-05-01 69 days 1,650 sqft
    2020-06-01 43 days 1,709 sqft
    2020-07-01 44 days 1,740 sqft
    2020-08-01 46 days 1,708 sqft
    2020-09-01 41 days 1,700 sqft
    2020-10-01 40 days 1,697 sqft
    2020-11-01 46 days 1,696 sqft
    2020-12-01 46 days 1,675 sqft
    2021-01-01 50 days 1,558 sqft
    2021-02-01 49 days 1,556 sqft
    2021-03-01 43 days 1,555 sqft
    2021-04-01 33 days 1,565 sqft
    2021-05-01 30 days 1,623 sqft
    2021-06-01 32 days 1,611 sqft
    2021-07-01 31 days 1,600 sqft
    2021-08-01 23 days 1,602 sqft
    2021-09-01 32 days 1,613 sqft
    2021-10-01 37 days 1,600 sqft
    2021-11-01 44 days 1,558 sqft
    2021-12-01 50 days 1,561 sqft
    2022-01-01 53 days 1,540 sqft
    2022-02-01 51 days 1,597 sqft
    2022-03-01 47 days 1,559 sqft
    2022-04-01 40 days 1,525 sqft
    2022-05-01 32 days 1,588 sqft
    2022-06-01 33 days 1,618 sqft
    2022-07-01 32 days 1,728 sqft
    2022-08-01 39 days 1,725 sqft
    2022-09-01 45 days 1,698 sqft
    2022-10-01 47 days 1,660 sqft
    2022-11-01 50 days 1,650 sqft
    2022-12-01 58 days 1,649 sqft
    2023-01-01 65 days 1,633 sqft
    2023-02-01 59 days 1,674 sqft
    2023-03-01 52 days 1,698 sqft
    2023-04-01 37 days 1,673 sqft
    2023-05-01 29 days 1,716 sqft
    2023-06-01 32 days 1,740 sqft
    2023-07-01 38 days 1,695 sqft
    2023-08-01 40 days 1,707 sqft
    2023-09-01 42 days 1,756 sqft
    2023-10-01 46 days 1,681 sqft
    2023-11-01 50 days 1,704 sqft
    2023-12-01 52 days 1,628 sqft
    2024-01-01 56 days 1,589 sqft
    2024-02-01 55 days 1,536 sqft
    2024-03-01 43 days 1,653 sqft
    2024-04-01 43 days 1,735 sqft
    2024-05-01 32 days 1,826 sqft
    2024-06-01 35 days 1,811 sqft
    2024-07-01 38 days 1,790 sqft
    2024-08-01 39 days 1,798 sqft
    2024-09-01 40 days 1,698 sqft
    2024-10-01 44 days 1,624 sqft
    2024-11-01 53 days 1,602 sqft
    2024-12-01 57 days 1,615 sqft
    2025-01-01 68 days 1,592 sqft
    2025-02-01 72 days 1,594 sqft
    2025-03-01 54 days 1,585 sqft
    2025-04-01 43 days 1,600 sqft
    Jackson's median listing age (time on market) for 2025-04-01 was 43 days. This is -1% shorter than the same period one year ago.

    Jackson's median square footage for active listings during the 2025-04-01 period was 1,600 sqft. One year prior, the average listing was 1,735 sqft.