Kennewick USDA Loan Rates, Closing Costs & Stats

KENNEWICK-RICHLAND, WA

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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.

    Kennewick USDA Loans, 30 Year Fixed Rates

    30 Year USDA mortgages in Kennewick averaged 6.91% for the week of 2024-04-19, compared to the national average (all USDA variants) of 6.863% for the same period.

    Kennewick's average USDA mortgage closing costs are $6,629.

    The average rate for the prior week (2024-04-12) was 6.56% and one month ago for the week of 2024-03-15, the average rate was 6.35%.

    The average rate one year ago was 6.29%.

    For refis of the same type during the week of 2024-04-19, the average rate was 6.66%.

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

    Kennewick 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 Kennewick level.

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs

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

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

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Kennewick (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 $316,575 (6.6%) $339,630 (2.4%) 1.17 833
    2018-02-01 $322,450 (1.6%) $344,325 (0.4%) 1.17 825
    2018-03-01 $329,800 (1.5%) $354,695 (1.4%) 1.16 850
    2018-04-01 $324,975 (0.0%) $353,587 (1.4%) 1.10 933
    2018-05-01 $330,000 (0.3%) $356,641 (0.6%) 1.10 990
    2018-06-01 $334,000 (0.5%) $356,504 (-1.9%) 1.11 745
    2018-07-01 $330,750 (1.8%) $354,951 (0.4%) 1.10 1,075
    2018-08-01 $322,450 (1.1%) $353,370 (0.9%) 1.08 1,134
    2018-09-01 $318,230 (6.2%) $352,338 (7.1%) 1.07 1,159
    2018-10-01 $318,615 (6.2%) $355,604 (8.4%) 1.08 1,147
    2018-11-01 $316,525 (4.0%) $354,420 (7.2%) 1.07 1,066
    2018-12-01 $320,000 (3.2%) $357,779 (6.9%) 1.10 947
    2019-01-01 $320,000 (1.1%) $353,449 (4.1%) 1.11 884
    2019-02-01 $322,335 (0.0%) $353,936 (2.8%) 1.09 823
    2019-03-01 $338,923 (2.8%) $370,285 (4.4%) 1.11 665
    2019-04-01 $357,725 (10.1%) $391,783 (10.8%) 1.14 519
    2019-05-01 $349,979 (6.1%) $390,175 (9.4%) 1.09 539
    2019-06-01 $359,000 (7.5%) $397,081 (11.4%) 1.12 543
    2019-07-01 $364,225 (10.1%) $402,174 (13.3%) 1.14 583
    2019-08-01 $362,018 (12.3%) $401,043 (13.5%) 1.15 631
    2019-09-01 $352,389 (10.7%) $389,168 (10.5%) 1.13 692
    2019-10-01 $345,970 (8.6%) $381,250 (7.2%) 1.12 712
    2019-11-01 $350,000 (10.6%) $397,106 (12.0%) 1.15 682
    2019-12-01 $351,900 (10.0%) $395,414 (10.5%) 1.17 631
    2020-01-01 $359,675 (12.4%) $401,282 (13.5%) 1.20 576
    2020-02-01 $373,415 (15.9%) $404,209 (14.2%) 1.22 497
    2020-03-01 $384,925 (13.6%) $416,184 (12.4%) 1.21 498
    2020-04-01 $397,400 (11.1%) $421,967 (7.7%) 1.24 498
    2020-05-01 $409,950 (17.1%) $432,531 (10.9%) 1.25 475
    2020-06-01 $402,500 (12.1%) $435,713 (9.7%) 1.19 486
    2020-07-01 $414,288 (13.7%) $446,390 (11.0%) 1.20 502
    2020-08-01 $409,000 (13.0%) $442,641 (10.4%) 1.17 469
    2020-09-01 $399,900 (13.5%) $451,503 (16.0%) 1.15 465
    2020-10-01 $399,900 (15.6%) $452,538 (18.7%) 1.15 469
    2020-11-01 $402,725 (15.1%) $458,393 (15.4%) 1.18 416
    2020-12-01 $418,400 (18.9%) $467,591 (18.3%) 1.24 347
    2021-01-01 $418,825 (16.5%) $472,255 (17.7%) 1.25 313
    2021-02-01 $427,450 (14.5%) $487,732 (20.7%) 1.24 280
    2021-03-01 $440,925 (14.6%) $488,179 (17.3%) 1.25 234
    2021-04-01 $443,975 (11.7%) $497,243 (17.8%) 1.20 203
    2021-05-01 $460,000 (12.2%) $504,389 (16.6%) 1.22 200
    2021-06-01 $477,723 (18.7%) $514,869 (18.2%) 1.26 205
    2021-07-01 $472,500 (14.1%) $516,576 (15.7%) 1.25 243
    2021-08-01 $506,213 (23.8%) $539,037 (21.8%) 1.35 293
    2021-09-01 $499,450 (24.9%) $532,473 (17.9%) 1.33 356
    2021-10-01 $512,875 (28.3%) $552,306 (22.1%) 1.37 389
    2021-11-01 $526,938 (30.8%) $566,403 (23.6%) 1.41 416
    2021-12-01 $531,913 (27.1%) $576,270 (23.2%) 1.44 392
    2022-01-01 $551,400 (31.7%) $581,924 (23.2%) 1.49 338
    2022-02-01 $534,940 (25.2%) $572,735 (17.4%) 1.39 305
    2022-03-01 $542,188 (23.0%) $577,866 (18.4%) 1.36 309
    2022-04-01 $525,000 (18.3%) $563,840 (13.4%) 1.25 328
    2022-05-01 $530,150 (15.3%) $564,771 (12.0%) 1.21 355
    2022-06-01 $537,000 (12.4%) $573,579 (11.4%) 1.20 409
    2022-07-01 $525,000 (11.1%) $565,657 (9.5%) 1.18 540
    2022-08-01 $525,000 (3.7%) $567,134 (5.2%) 1.21 571
    2022-09-01 $539,700 (8.1%) $580,669 (9.1%) 1.26 547
    2022-10-01 $549,900 (7.2%) $583,976 (5.7%) 1.29 641
    2022-11-01 $546,000 (3.6%) $582,037 (2.8%) 1.31 674
    2022-12-01 $549,900 (3.4%) $577,267 (0.2%) 1.36 613
    2023-01-01 $551,950 (0.1%) $575,846 (-1.0%) 1.37 554
    2023-02-01 $559,450 (4.6%) $580,836 (1.4%) 1.35 525
    2023-03-01 $549,948 (1.4%) $584,334 (1.1%) 1.30 504
    2023-04-01 $544,950 (3.8%) $590,356 (4.7%) 1.27 526
    2023-05-01 $542,423 (2.3%) $600,010 (6.2%) 1.23 601
    2023-06-01 $542,850 (1.1%) $595,611 (3.8%) 1.22 644
    2023-07-01 $549,875 (4.7%) $608,595 (7.6%) 1.25 655
    2023-08-01 $541,263 (3.1%) $610,331 (7.6%) 1.24 707
    2023-09-01 $534,875 (-0.9%) $601,651 (3.6%) 1.25 751
    2023-10-01 $517,500 (-5.9%) $589,543 (1.0%) 1.22 775
    2023-11-01 $519,900 (-4.8%) $588,596 (1.1%) 1.24 795
    2023-12-01 $517,900 (-5.8%) $582,290 (0.9%) 1.26 751
    2024-01-01 $519,113 (-6.0%) $582,593 (1.2%) 1.27 689
    2024-02-01 $501,148 (-10.4%) $569,972 (-1.9%) 1.21 669
    2024-03-01 $515,000 (-6.4%) $584,268 (0.0%) 1.21 638
    Kennewick's median listing price for 2024-03-01 was $515,000, a difference of $-34,948 (-6.4%) versus the prior year and $13,852 versus the prior month.

    Kennewick's median listing price comes in at 121% of the national average.

    Kennewick's average listing price for 2024-03-01 was $584,268, a difference of $-66 (0.0%) versus the prior year and $14,296 versus the prior month.

    For the 2024-03-01 period, Kennewick had 638 MLS listings, a difference of -31 listings (-5%) versus the prior month and 134 listings (27%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Kennewick (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 65 days 2,151 sqft
    2018-02-01 51 days 2,171 sqft
    2018-03-01 37 days 2,188 sqft
    2018-04-01 33 days 2,159 sqft
    2018-05-01 36 days 2,192 sqft
    2018-06-01 36 days 2,200 sqft
    2018-07-01 36 days 2,183 sqft
    2018-08-01 38 days 2,137 sqft
    2018-09-01 43 days 2,107 sqft
    2018-10-01 46 days 2,121 sqft
    2018-11-01 51 days 2,122 sqft
    2018-12-01 61 days 2,118 sqft
    2019-01-01 65 days 2,099 sqft
    2019-02-01 61 days 2,062 sqft
    2019-03-01 55 days 2,113 sqft
    2019-04-01 47 days 2,173 sqft
    2019-05-01 39 days 2,142 sqft
    2019-06-01 37 days 2,181 sqft
    2019-07-01 31 days 2,204 sqft
    2019-08-01 34 days 2,214 sqft
    2019-09-01 40 days 2,197 sqft
    2019-10-01 46 days 2,185 sqft
    2019-11-01 46 days 2,234 sqft
    2019-12-01 53 days 2,161 sqft
    2020-01-01 60 days 2,194 sqft
    2020-02-01 56 days 2,200 sqft
    2020-03-01 37 days 2,205 sqft
    2020-04-01 42 days 2,239 sqft
    2020-05-01 53 days 2,327 sqft
    2020-06-01 44 days 2,305 sqft
    2020-07-01 41 days 2,300 sqft
    2020-08-01 37 days 2,270 sqft
    2020-09-01 36 days 2,248 sqft
    2020-10-01 36 days 2,202 sqft
    2020-11-01 46 days 2,201 sqft
    2020-12-01 61 days 2,193 sqft
    2021-01-01 53 days 2,161 sqft
    2021-02-01 42 days 2,144 sqft
    2021-03-01 33 days 2,180 sqft
    2021-04-01 33 days 2,174 sqft
    2021-05-01 29 days 2,232 sqft
    2021-06-01 28 days 2,236 sqft
    2021-07-01 22 days 2,145 sqft
    2021-08-01 23 days 2,213 sqft
    2021-09-01 22 days 2,190 sqft
    2021-10-01 33 days 2,179 sqft
    2021-11-01 38 days 2,221 sqft
    2021-12-01 52 days 2,220 sqft
    2022-01-01 64 days 2,212 sqft
    2022-02-01 49 days 2,176 sqft
    2022-03-01 38 days 2,138 sqft
    2022-04-01 33 days 2,184 sqft
    2022-05-01 28 days 2,176 sqft
    2022-06-01 27 days 2,222 sqft
    2022-07-01 31 days 2,202 sqft
    2022-08-01 37 days 2,223 sqft
    2022-09-01 47 days 2,254 sqft
    2022-10-01 44 days 2,200 sqft
    2022-11-01 50 days 2,177 sqft
    2022-12-01 68 days 2,146 sqft
    2023-01-01 79 days 2,140 sqft
    2023-02-01 83 days 2,167 sqft
    2023-03-01 59 days 2,200 sqft
    2023-04-01 53 days 2,167 sqft
    2023-05-01 44 days 2,158 sqft
    2023-06-01 45 days 2,137 sqft
    2023-07-01 52 days 2,192 sqft
    2023-08-01 46 days 2,194 sqft
    2023-09-01 49 days 2,168 sqft
    2023-10-01 53 days 2,133 sqft
    2023-11-01 59 days 2,144 sqft
    2023-12-01 68 days 2,092 sqft
    2024-01-01 78 days 2,085 sqft
    2024-02-01 70 days 2,025 sqft
    2024-03-01 53 days 2,021 sqft
    Kennewick's median listing age (time on market) for 2024-03-01 was 53 days. This is -10% shorter than the same period one year ago.

    Kennewick's median square footage for active listings during the 2024-03-01 period was 2,021 sqft. One year prior, the average listing was 2,200 sqft.