Ketchikan USDA Loan Rates, Closing Costs & Stats
Ketchikan, AK
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.
Ketchikan's 1 lenders originated 2 USDA loans during 2023. The total origination value was $660,000, with an average USDA loan value of $330,000.
Ketchikan USDA Loans, 30 Year Fixed Rates
30 Year USDA mortgages in Ketchikan
averaged
6.4%
for the week of 2024-12-13, compared to the national average (all USDA variants) of
6.303% for the same period.
Ketchikan's average USDA mortgage closing costs are $6,953.
The average rate for the prior week (2024-12-06) was
6.24% and
one month ago for the week of 2024-11-08, the
average rate was 6.26%.
The average rate one year ago was 6.72%.
For refis of the same type during the week of 2024-12-13, the average rate
was 6.1%.
Ketchikan 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 Ketchikan level.
| Name | # of Loans | 2023 Avg. 30yFix Rate | 2023 Avg. Closing Costs |
|---|---|---|---|
| Alaska USA Federal Credit Union | 1 | 6.25% | $6,214 |
The lowest fee Ketchikan USDA lenders (with over 10 loans originated) are
.
The lowest rate Ketchikan USDA lenders (with over 10 loans originated) are
.
Market Conditions (Median, Average Prices & Listing Count)
Realtor.com - Ketchikan (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 | $183,500 (-34.0%) | $265,974 (-43.2%) | 0.00 | 84 |
| 2018-02-01 | $213,750 (-22.3%) | $271,979 (-42.0%) | 0.00 | 79 |
| 2018-03-01 | $235,000 (-11.2%) | $284,151 (-39.5%) | 0.00 | 83 |
| 2018-04-01 | $239,875 (-9.5%) | $300,361 (-30.5%) | 0.00 | 69 |
| 2018-05-01 | $264,738 (-6.8%) | $312,331 (-32.4%) | 0.00 | 68 |
| 2018-06-01 | $315,000 (15.3%) | $380,631 (-21.6%) | 0.00 | 80 |
| 2018-07-01 | $295,000 (11.3%) | $403,486 (-14.5%) | 0.00 | 99 |
| 2018-08-01 | $304,875 (14.0%) | $408,226 (-10.1%) | 0.00 | 96 |
| 2018-09-01 | $319,500 (25.3%) | $394,585 (-8.5%) | 0.00 | 88 |
| 2018-10-01 | $281,000 (12.2%) | $345,717 (-13.3%) | 0.00 | 85 |
| 2018-11-01 | $297,250 (20.0%) | $361,831 (-9.5%) | 0.00 | 71 |
| 2018-12-01 | $269,000 (8.5%) | $347,768 (-13.8%) | 0.00 | 72 |
| 2019-01-01 | $269,000 (46.6%) | $307,421 (15.6%) | 0.00 | 68 |
| 2019-02-01 | $269,000 (25.9%) | $314,991 (15.8%) | 0.00 | 66 |
| 2019-03-01 | $292,786 (24.6%) | $324,333 (14.1%) | 0.00 | 64 |
| 2019-04-01 | $315,536 (31.5%) | $333,653 (11.1%) | 0.00 | 61 |
| 2019-05-01 | $324,500 (22.6%) | $319,772 (2.4%) | 0.00 | 65 |
| 2019-06-01 | $329,000 (4.4%) | $335,244 (-11.9%) | 0.00 | 68 |
| 2019-07-01 | $326,625 (10.7%) | $329,245 (-18.4%) | 0.00 | 66 |
| 2019-08-01 | $307,918 (1.0%) | $319,767 (-21.7%) | 0.00 | 72 |
| 2019-09-01 | $297,670 (-6.8%) | $308,633 (-21.8%) | 0.00 | 75 |
| 2019-10-01 | $289,475 (3.0%) | $297,378 (-14.0%) | 0.00 | 78 |
| 2019-11-01 | $287,000 (-3.5%) | $284,492 (-21.4%) | 0.00 | 76 |
| 2019-12-01 | $277,750 (3.3%) | $274,512 (-21.1%) | 0.00 | 67 |
| 2020-01-01 | $276,250 (2.7%) | $281,623 (-8.4%) | 0.00 | 67 |
| 2020-02-01 | $284,000 (5.6%) | $283,261 (-10.1%) | 0.00 | 69 |
| 2020-03-01 | $249,750 (-14.7%) | $273,511 (-15.7%) | 0.00 | 67 |
| 2020-04-01 | $257,000 (-18.6%) | $288,260 (-13.6%) | 0.00 | 69 |
| 2020-05-01 | $284,000 (-12.5%) | $304,098 (-4.9%) | 0.00 | 75 |
| 2020-06-01 | $290,500 (-11.7%) | $304,296 (-9.2%) | 0.00 | 81 |
| 2020-07-01 | $271,250 (-17.0%) | $292,034 (-11.3%) | 0.00 | 82 |
| 2020-08-01 | $298,500 (-3.1%) | $312,482 (-2.3%) | 0.00 | 72 |
| 2020-09-01 | $290,250 (-2.5%) | $307,155 (-0.5%) | 0.00 | 74 |
| 2020-10-01 | $245,000 (-15.4%) | $292,748 (-1.6%) | 0.00 | 80 |
| 2020-11-01 | $247,500 (-13.8%) | $296,676 (4.3%) | 0.00 | 73 |
| 2020-12-01 | $263,625 (-5.1%) | $308,187 (12.3%) | 0.00 | 66 |
| 2021-01-01 | $290,000 (5.0%) | $325,716 (15.7%) | 0.00 | 45 |
| 2021-02-01 | $346,250 (21.9%) | $406,779 (43.6%) | 0.00 | 35 |
| 2021-03-01 | $344,750 (38.0%) | $397,403 (45.3%) | 0.00 | 35 |
| 2021-04-01 | $345,250 (34.3%) | $366,716 (27.2%) | 0.00 | 43 |
| 2021-05-01 | $335,000 (18.0%) | $338,842 (11.4%) | 0.00 | 51 |
| 2021-06-01 | $325,000 (11.9%) | $351,524 (15.5%) | 0.00 | 51 |
| 2021-07-01 | $341,000 (25.7%) | $377,221 (29.2%) | 0.00 | 53 |
| 2021-08-01 | $376,500 (26.1%) | $382,250 (22.3%) | 0.00 | 54 |
| 2021-09-01 | $394,375 (35.9%) | $381,380 (24.2%) | 0.00 | 43 |
| 2021-10-01 | $359,000 (46.5%) | $380,564 (30.0%) | 0.00 | 36 |
| 2021-11-01 | $309,250 (25.0%) | $373,058 (25.8%) | 0.00 | 29 |
| 2021-12-01 | $374,250 (42.0%) | $399,918 (29.8%) | 0.00 | 27 |
| 2022-01-01 | $399,000 (37.6%) | $407,704 (25.2%) | 0.00 | 20 |
| 2022-02-01 | $420,625 (21.5%) | $425,572 (4.6%) | 0.00 | 24 |
| 2022-03-01 | $485,000 (40.7%) | $417,913 (5.2%) | 0.00 | 24 |
| 2022-04-01 | $344,750 (-0.1%) | $423,690 (15.5%) | 0.00 | 22 |
| 2022-05-01 | $406,500 (21.3%) | $453,378 (33.8%) | 0.00 | 23 |
| 2022-06-01 | $428,750 (31.9%) | $454,792 (29.4%) | 0.00 | 14 |
| 2022-07-01 | $399,000 (17.0%) | $378,633 (0.4%) | 0.00 | 21 |
| 2022-08-01 | $449,250 (19.3%) | $408,429 (6.9%) | 0.00 | 23 |
| 2022-09-01 | $438,250 (11.1%) | $399,342 (4.7%) | 0.00 | 28 |
| 2022-10-01 | $435,250 (21.2%) | $421,672 (10.8%) | 0.00 | 30 |
| 2022-11-01 | $405,000 (31.0%) | $377,243 (1.1%) | 0.00 | 29 |
| 2022-12-01 | $389,000 (3.9%) | $387,426 (-3.1%) | 0.00 | 29 |
| 2023-01-01 | $395,500 (-0.9%) | $380,359 (-6.7%) | 0.00 | 28 |
| 2023-02-01 | $388,000 (-7.8%) | $391,920 (-7.9%) | 0.00 | 24 |
| 2023-03-01 | $429,500 (-11.4%) | $412,743 (-1.2%) | 0.00 | 27 |
| 2023-04-01 | $449,000 (30.2%) | $433,771 (2.4%) | 0.00 | 33 |
| 2023-05-01 | $439,000 (8.0%) | $446,701 (-1.5%) | 0.00 | 38 |
| 2023-06-01 | $422,000 (-1.6%) | $425,327 (-6.5%) | 0.00 | 38 |
| 2023-07-01 | $415,000 (4.0%) | $419,570 (10.8%) | 0.00 | 41 |
| 2023-08-01 | $394,000 (-12.3%) | $388,694 (-4.8%) | 0.00 | 41 |
| 2023-09-01 | $420,000 (-4.2%) | $416,048 (4.2%) | 0.00 | 39 |
| 2023-10-01 | $407,250 (-6.4%) | $423,179 (0.4%) | 0.00 | 39 |
| 2023-11-01 | $429,000 (5.9%) | $433,033 (14.8%) | 0.00 | 37 |
| 2023-12-01 | $450,000 (15.7%) | $452,313 (16.8%) | 0.00 | 33 |
| 2024-01-01 | $449,500 (13.7%) | $441,500 (16.1%) | 0.00 | 28 |
| 2024-02-01 | $434,500 (12.0%) | $414,513 (5.8%) | 0.00 | 31 |
| 2024-03-01 | $445,000 (3.6%) | $448,181 (8.6%) | 0.00 | 35 |
| 2024-04-01 | $456,500 (1.7%) | $481,187 (10.9%) | 0.00 | 41 |
| 2024-05-01 | $449,000 (2.3%) | $473,758 (6.1%) | 0.00 | 35 |
| 2024-06-01 | $449,000 (6.4%) | $460,543 (8.3%) | 0.00 | 44 |
| 2024-07-01 | $497,250 (19.8%) | $534,809 (27.5%) | 0.00 | 49 |
| 2024-08-01 | $449,000 (14.0%) | $498,856 (28.3%) | 0.00 | 58 |
| 2024-09-01 | $438,000 (4.3%) | $520,719 (25.2%) | 0.00 | 60 |
| 2024-10-01 | $449,000 (10.3%) | $525,361 (24.2%) | 0.00 | 56 |
| 2024-11-01 | $449,000 (4.7%) | $507,058 (17.1%) | 0.00 | 42 |
Ketchikan's median listing price comes in at 0% of the national average.
Ketchikan's average listing price for 2024-11-01 was $507,058, a difference of $74,025 (17.1%) versus the prior year and $-18,303 versus the prior month.
For the 2024-11-01 period, Ketchikan had 42 MLS listings, a difference of -14 listings (-25%) versus the prior month and 5 listings (14%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Ketchikan (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis| Date | Median Listing Time on Market | Median Square Footage |
|---|---|---|
| 2018-01-01 | 0 days | 1,379 sqft |
| 2018-02-01 | 0 days | 1,500 sqft |
| 2018-03-01 | 0 days | 1,501 sqft |
| 2018-04-01 | 0 days | 1,500 sqft |
| 2018-05-01 | 0 days | 1,505 sqft |
| 2018-06-01 | 0 days | 1,647 sqft |
| 2018-07-01 | 0 days | 1,709 sqft |
| 2018-08-01 | 0 days | 1,773 sqft |
| 2018-09-01 | 0 days | 1,730 sqft |
| 2018-10-01 | 0 days | 1,624 sqft |
| 2018-11-01 | 0 days | 1,612 sqft |
| 2018-12-01 | 0 days | 1,440 sqft |
| 2019-01-01 | 0 days | 1,357 sqft |
| 2019-02-01 | 0 days | 1,440 sqft |
| 2019-03-01 | 0 days | 1,521 sqft |
| 2019-04-01 | 0 days | 1,655 sqft |
| 2019-05-01 | 0 days | 1,668 sqft |
| 2019-06-01 | 0 days | 1,636 sqft |
| 2019-07-01 | 0 days | 1,637 sqft |
| 2019-08-01 | 0 days | 1,583 sqft |
| 2019-09-01 | 0 days | 1,502 sqft |
| 2019-10-01 | 0 days | 1,413 sqft |
| 2019-11-01 | 0 days | 1,300 sqft |
| 2019-12-01 | 0 days | 1,243 sqft |
| 2020-01-01 | 0 days | 1,329 sqft |
| 2020-02-01 | 0 days | 1,260 sqft |
| 2020-03-01 | 0 days | 1,218 sqft |
| 2020-04-01 | 0 days | 1,225 sqft |
| 2020-05-01 | 0 days | 1,440 sqft |
| 2020-06-01 | 0 days | 1,466 sqft |
| 2020-07-01 | 0 days | 1,453 sqft |
| 2020-08-01 | 0 days | 1,636 sqft |
| 2020-09-01 | 0 days | 1,508 sqft |
| 2020-10-01 | 0 days | 1,352 sqft |
| 2020-11-01 | 0 days | 1,398 sqft |
| 2020-12-01 | 0 days | 1,296 sqft |
| 2021-01-01 | 0 days | 1,296 sqft |
| 2021-02-01 | 0 days | 1,429 sqft |
| 2021-03-01 | 0 days | 1,496 sqft |
| 2021-04-01 | 0 days | 1,500 sqft |
| 2021-05-01 | 0 days | 1,473 sqft |
| 2021-06-01 | 0 days | 1,477 sqft |
| 2021-07-01 | 0 days | 1,541 sqft |
| 2021-08-01 | 0 days | 1,593 sqft |
| 2021-09-01 | 0 days | 1,482 sqft |
| 2021-10-01 | 0 days | 1,620 sqft |
| 2021-11-01 | 0 days | 1,610 sqft |
| 2021-12-01 | 0 days | 1,598 sqft |
| 2022-01-01 | 0 days | 1,753 sqft |
| 2022-02-01 | 0 days | 1,733 sqft |
| 2022-03-01 | 0 days | 1,791 sqft |
| 2022-04-01 | 0 days | 1,461 sqft |
| 2022-05-01 | 0 days | 1,598 sqft |
| 2022-06-01 | 0 days | 1,780 sqft |
| 2022-07-01 | 0 days | 1,874 sqft |
| 2022-08-01 | 0 days | 1,890 sqft |
| 2022-09-01 | 0 days | 1,832 sqft |
| 2022-10-01 | 0 days | 1,703 sqft |
| 2022-11-01 | 0 days | 1,537 sqft |
| 2022-12-01 | 0 days | 1,584 sqft |
| 2023-01-01 | 0 days | 1,705 sqft |
| 2023-02-01 | 0 days | 1,494 sqft |
| 2023-03-01 | 0 days | 1,446 sqft |
| 2023-04-01 | 0 days | 1,422 sqft |
| 2023-05-01 | 0 days | 1,370 sqft |
| 2023-06-01 | 0 days | 1,273 sqft |
| 2023-07-01 | 0 days | 1,344 sqft |
| 2023-08-01 | 0 days | 1,363 sqft |
| 2023-09-01 | 0 days | 1,451 sqft |
| 2023-10-01 | 0 days | 1,393 sqft |
| 2023-11-01 | 0 days | 1,474 sqft |
| 2023-12-01 | 0 days | 1,446 sqft |
| 2024-01-01 | 0 days | 1,446 sqft |
| 2024-02-01 | 0 days | 1,420 sqft |
| 2024-03-01 | 0 days | 1,716 sqft |
| 2024-04-01 | 0 days | 1,820 sqft |
| 2024-05-01 | 0 days | 1,629 sqft |
| 2024-06-01 | 0 days | 1,610 sqft |
| 2024-07-01 | 0 days | 1,830 sqft |
| 2024-08-01 | 0 days | 1,602 sqft |
| 2024-09-01 | 0 days | 1,602 sqft |
| 2024-10-01 | 0 days | 1,611 sqft |
| 2024-11-01 | 0 days | 1,680 sqft |
Ketchikan's median square footage for active listings during the 2024-11-01 period was 1,680 sqft. One year prior, the average listing was 1,474 sqft.