Jackson USDA Loan Rates, Closing Costs & Stats

Jackson, OH

  • JUMP TO:
  • Trends
  • Rates vs Fees
  • Top Lenders
  • Markets
  • Market Conditions & Pricing
  • Time on Market/Property Size

    • 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 7 lenders originated 11 USDA loans during 2023. The total origination value was $1,785,000, with an average USDA loan value of $162,273.

    Jackson USDA Loans, 30 Year Fixed Rates

    30 Year USDA mortgages in Jackson averaged 6.41% for the week of 2024-12-13, compared to the national average (all USDA variants) of 6.303% for the same period.

    Jackson's average USDA mortgage closing costs are $5,212.

    The average rate for the prior week (2024-12-06) was 6.35% and one month ago for the week of 2024-11-08, the average rate was 6.76%.

    The average rate one year ago was 6.83%.

    For refis of the same type during the week of 2024-12-13, the average rate was 6.5%.

    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 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    DEVELOPER'S MORTGAGE COMPANY 3 6.25% $4,941
    RAPID MORTGAGE COMPANY 3 6.79% $7,672
    NATIONWIDE MORTGAGE BANKERS, INC. 1 6.75% $10,461
    UNION HOME MORTGAGE CORP. 1 7.00% $6,607
    WesBanco 1 5.63% $6,059
    Paramount Residential Mortgage Group, Inc. 1 6.75% $7,370
    MOVEMENT MORTGAGE, LLC 1 7.25% $7,840

    The top Jackson USDA lender as defined by loan originations is DEVELOPER'S MORTGAGE COMPANY, with 3 USDA loans originated. Their average total fees are $4,941, which is $2,731 lower than the next largest lender, RAPID MORTGAGE COMPANY.

    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 $105,300 (21.7%) $148,400 (6.0%) 0.00 145
    2018-02-01 $114,900 (22.7%) $150,495 (5.1%) 0.00 148
    2018-03-01 $119,500 (31.0%) $153,672 (15.0%) 0.00 157
    2018-04-01 $119,900 (26.3%) $160,398 (10.8%) 0.00 159
    2018-05-01 $117,300 (18.1%) $177,184 (17.9%) 0.00 157
    2018-06-01 $114,900 (6.9%) $171,353 (14.5%) 0.00 162
    2018-07-01 $114,900 (18.5%) $167,774 (18.2%) 0.00 159
    2018-08-01 $119,100 (17.8%) $171,596 (16.2%) 0.00 170
    2018-09-01 $119,000 (40.0%) $169,904 (20.3%) 0.00 173
    2018-10-01 $123,825 (19.0%) $168,842 (10.8%) 0.00 177
    2018-11-01 $122,388 (6.5%) $171,601 (12.9%) 0.00 171
    2018-12-01 $119,700 (19.8%) $170,575 (16.0%) 0.00 172
    2019-01-01 $111,800 (6.2%) $155,190 (4.6%) 0.00 158
    2019-02-01 $118,625 (3.2%) $157,366 (4.6%) 0.00 148
    2019-03-01 $122,043 (2.1%) $168,663 (9.8%) 0.00 133
    2019-04-01 $118,343 (-1.3%) $177,587 (10.7%) 0.00 120
    2019-05-01 $117,600 (0.3%) $182,201 (2.8%) 0.00 118
    2019-06-01 $124,900 (8.7%) $178,201 (4.0%) 0.00 130
    2019-07-01 $117,850 (2.6%) $168,655 (0.5%) 0.00 121
    2019-08-01 $115,245 (-3.2%) $157,479 (-8.2%) 0.00 118
    2019-09-01 $117,864 (-1.0%) $147,752 (-13.0%) 0.00 119
    2019-10-01 $119,900 (-3.2%) $141,196 (-16.4%) 0.00 122
    2019-11-01 $110,000 (-10.1%) $146,369 (-14.7%) 0.00 130
    2019-12-01 $119,900 (0.2%) $179,658 (5.3%) 0.00 108
    2020-01-01 $112,475 (0.6%) $176,175 (13.5%) 0.00 87
    2020-02-01 $110,000 (-7.3%) $170,202 (8.2%) 0.00 95
    2020-03-01 $128,925 (5.6%) $183,922 (9.1%) 0.00 97
    2020-04-01 $146,425 (23.7%) $196,374 (10.6%) 0.00 95
    2020-05-01 $154,450 (31.3%) $200,431 (10.0%) 0.00 84
    2020-06-01 $124,675 (-0.2%) $180,448 (1.3%) 0.00 80
    2020-07-01 $128,225 (8.8%) $187,355 (11.1%) 0.00 84
    2020-08-01 $149,900 (30.1%) $223,494 (41.9%) 0.00 93
    2020-09-01 $145,000 (23.0%) $230,214 (55.8%) 0.00 87
    2020-10-01 $143,700 (19.9%) $215,713 (52.8%) 0.00 85
    2020-11-01 $127,100 (15.6%) $201,281 (37.5%) 0.00 95
    2020-12-01 $126,750 (5.7%) $202,793 (12.9%) 0.00 101
    2021-01-01 $140,000 (24.5%) $206,321 (17.1%) 0.00 94
    2021-02-01 $157,750 (43.4%) $214,087 (25.8%) 0.00 83
    2021-03-01 $155,000 (20.2%) $182,852 (-0.6%) 0.00 76
    2021-04-01 $155,000 (5.9%) $180,514 (-8.1%) 0.00 61
    2021-05-01 $159,900 (3.5%) $195,868 (-2.3%) 0.00 52
    2021-06-01 $141,225 (13.3%) $186,277 (3.2%) 0.00 50
    2021-07-01 $154,000 (20.1%) $187,363 (0.0%) 0.00 56
    2021-08-01 $154,000 (2.7%) $200,085 (-10.5%) 0.00 62
    2021-09-01 $160,750 (10.9%) $214,934 (-6.6%) 0.00 60
    2021-10-01 $150,000 (4.4%) $206,818 (-4.1%) 0.00 66
    2021-11-01 $149,875 (17.9%) $200,029 (-0.6%) 0.00 62
    2021-12-01 $157,250 (24.1%) $210,114 (3.6%) 0.00 61
    2022-01-01 $157,000 (12.1%) $209,079 (1.3%) 0.00 56
    2022-02-01 $149,475 (-5.3%) $212,972 (-0.5%) 0.00 55
    2022-03-01 $158,000 (1.9%) $227,173 (24.2%) 0.00 50
    2022-04-01 $159,000 (2.6%) $221,086 (22.5%) 0.00 47
    2022-05-01 $172,750 (8.0%) $233,374 (19.2%) 0.00 50
    2022-06-01 $182,900 (29.5%) $230,215 (23.6%) 0.00 66
    2022-07-01 $199,000 (29.2%) $248,638 (32.7%) 0.00 64
    2022-08-01 $218,000 (41.6%) $270,575 (35.2%) 0.00 69
    2022-09-01 $205,375 (27.8%) $252,409 (17.4%) 0.00 79
    2022-10-01 $195,400 (30.3%) $244,742 (18.3%) 0.00 85
    2022-11-01 $224,000 (49.5%) $244,318 (22.1%) 0.00 96
    2022-12-01 $209,900 (33.5%) $246,457 (17.3%) 0.00 93
    2023-01-01 $190,900 (21.6%) $242,988 (16.2%) 0.00 79
    2023-02-01 $219,000 (46.5%) $252,647 (18.6%) 0.00 74
    2023-03-01 $217,975 (38.0%) $262,848 (15.7%) 0.00 67
    2023-04-01 $219,000 (37.7%) $259,259 (17.3%) 0.00 55
    2023-05-01 $237,450 (37.5%) $265,962 (14.0%) 0.00 63
    2023-06-01 $234,950 (28.5%) $280,849 (22.0%) 0.00 72
    2023-07-01 $229,000 (15.1%) $275,894 (11.0%) 0.00 76
    2023-08-01 $226,725 (4.0%) $267,447 (-1.2%) 0.00 75
    2023-09-01 $219,900 (7.1%) $280,692 (11.2%) 0.00 77
    2023-10-01 $229,950 (17.7%) $302,990 (23.8%) 0.00 72
    2023-11-01 $199,950 (-10.7%) $294,634 (20.6%) 0.00 70
    2023-12-01 $199,950 (-4.7%) $292,725 (18.8%) 0.00 61
    2024-01-01 $204,500 (7.1%) $291,331 (19.9%) 0.00 57
    2024-02-01 $202,950 (-7.3%) $294,136 (16.4%) 0.00 60
    2024-03-01 $199,900 (-8.3%) $274,365 (4.4%) 0.00 55
    2024-04-01 $207,950 (-5.1%) $235,657 (-9.1%) 0.00 68
    2024-05-01 $239,450 (0.8%) $260,958 (-1.9%) 0.00 74
    2024-06-01 $249,900 (6.4%) $279,314 (-0.6%) 0.00 78
    2024-07-01 $246,975 (7.9%) $261,434 (-5.2%) 0.00 81
    2024-08-01 $239,450 (5.6%) $264,680 (-1.0%) 0.00 80
    2024-09-01 $249,925 (13.7%) $272,637 (-2.9%) 0.00 91
    2024-10-01 $235,725 (2.5%) $266,289 (-12.1%) 0.00 95
    2024-11-01 $222,000 (11.0%) $271,724 (-7.8%) 0.00 87
    Jackson's median listing price for 2024-11-01 was $222,000, a difference of $22,050 (11.0%) versus the prior year and $-13,725 versus the prior month.

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

    Jackson's average listing price for 2024-11-01 was $271,724, a difference of $-22,910 (-7.8%) versus the prior year and $5,435 versus the prior month.

    For the 2024-11-01 period, Jackson had 87 MLS listings, a difference of -8 listings (-8%) versus the prior month and 17 listings (24%) 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 0 days 1,511 sqft
    2018-02-01 0 days 1,521 sqft
    2018-03-01 0 days 1,524 sqft
    2018-04-01 0 days 1,527 sqft
    2018-05-01 0 days 1,537 sqft
    2018-06-01 0 days 1,520 sqft
    2018-07-01 0 days 1,513 sqft
    2018-08-01 0 days 1,544 sqft
    2018-09-01 0 days 1,544 sqft
    2018-10-01 0 days 1,607 sqft
    2018-11-01 0 days 1,633 sqft
    2018-12-01 0 days 1,514 sqft
    2019-01-01 0 days 1,507 sqft
    2019-02-01 0 days 1,512 sqft
    2019-03-01 0 days 1,566 sqft
    2019-04-01 0 days 1,566 sqft
    2019-05-01 0 days 1,574 sqft
    2019-06-01 0 days 1,662 sqft
    2019-07-01 0 days 1,628 sqft
    2019-08-01 0 days 1,491 sqft
    2019-09-01 0 days 1,494 sqft
    2019-10-01 0 days 1,497 sqft
    2019-11-01 0 days 1,528 sqft
    2019-12-01 0 days 1,620 sqft
    2020-01-01 0 days 1,603 sqft
    2020-02-01 0 days 1,503 sqft
    2020-03-01 0 days 1,556 sqft
    2020-04-01 0 days 1,727 sqft
    2020-05-01 0 days 1,680 sqft
    2020-06-01 0 days 1,607 sqft
    2020-07-01 0 days 1,536 sqft
    2020-08-01 0 days 1,578 sqft
    2020-09-01 0 days 1,619 sqft
    2020-10-01 0 days 1,526 sqft
    2020-11-01 0 days 1,526 sqft
    2020-12-01 0 days 1,606 sqft
    2021-01-01 0 days 1,622 sqft
    2021-02-01 0 days 1,640 sqft
    2021-03-01 0 days 1,589 sqft
    2021-04-01 0 days 1,602 sqft
    2021-05-01 0 days 1,634 sqft
    2021-06-01 0 days 1,600 sqft
    2021-07-01 0 days 1,637 sqft
    2021-08-01 0 days 1,650 sqft
    2021-09-01 0 days 1,658 sqft
    2021-10-01 0 days 1,602 sqft
    2021-11-01 0 days 1,597 sqft
    2021-12-01 0 days 1,597 sqft
    2022-01-01 0 days 1,590 sqft
    2022-02-01 0 days 1,589 sqft
    2022-03-01 0 days 1,516 sqft
    2022-04-01 0 days 1,456 sqft
    2022-05-01 0 days 1,542 sqft
    2022-06-01 0 days 1,534 sqft
    2022-07-01 0 days 1,563 sqft
    2022-08-01 0 days 1,696 sqft
    2022-09-01 0 days 1,580 sqft
    2022-10-01 0 days 1,579 sqft
    2022-11-01 0 days 1,671 sqft
    2022-12-01 0 days 1,638 sqft
    2023-01-01 0 days 1,637 sqft
    2023-02-01 0 days 1,631 sqft
    2023-03-01 0 days 1,654 sqft
    2023-04-01 0 days 1,700 sqft
    2023-05-01 0 days 1,699 sqft
    2023-06-01 0 days 1,734 sqft
    2023-07-01 0 days 1,796 sqft
    2023-08-01 0 days 1,798 sqft
    2023-09-01 0 days 1,774 sqft
    2023-10-01 0 days 1,766 sqft
    2023-11-01 0 days 1,605 sqft
    2023-12-01 0 days 1,584 sqft
    2024-01-01 0 days 1,613 sqft
    2024-02-01 0 days 1,666 sqft
    2024-03-01 0 days 1,680 sqft
    2024-04-01 0 days 1,697 sqft
    2024-05-01 0 days 1,730 sqft
    2024-06-01 0 days 1,717 sqft
    2024-07-01 0 days 1,722 sqft
    2024-08-01 0 days 1,564 sqft
    2024-09-01 0 days 1,652 sqft
    2024-10-01 0 days 1,581 sqft
    2024-11-01 0 days 1,527 sqft
    Jackson's median listing age (time on market) for 2024-11-01 was 0 days.

    Jackson's median square footage for active listings during the 2024-11-01 period was 1,527 sqft. One year prior, the average listing was 1,605 sqft.