Key West USDA Loan Rates, Closing Costs & Stats

Key West, FL

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.

Key West USDA Loans, 30 Year Fixed Rates

30 Year USDA mortgages in Key West averaged 7.01% for the week of 2024-05-24, compared to the national average (all USDA variants) of 6.738% for the same period.

Key West's average USDA mortgage closing costs are $0.

The average rate for the prior week (2024-05-17) was 6.59% and one month ago for the week of 2024-04-19, the average rate was 6.73%.

The average rate one year ago was 6.75%.

For refis of the same type during the week of 2024-05-24, the average rate was 6.64%.

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

Key West 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 Key West level.

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

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

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


Market Conditions (Median, Average Prices & Listing Count)

Realtor.com - Key West (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 $706,250 (14.3%) $1,328,775 (25.9%) 0.00 1,488
2018-02-01 $699,625 (12.6%) $1,345,032 (27.5%) 0.00 1,534
2018-03-01 $699,000 (11.5%) $1,343,933 (27.0%) 0.00 1,617
2018-04-01 $699,500 (4.9%) $1,353,684 (12.4%) 0.00 1,632
2018-05-01 $699,000 (3.4%) $1,341,406 (11.7%) 0.00 1,596
2018-06-01 $699,000 (3.0%) $1,324,245 (8.2%) 0.00 1,589
2018-07-01 $699,000 (3.6%) $1,315,106 (5.9%) 0.00 1,612
2018-08-01 $699,000 (4.2%) $1,315,088 (5.7%) 0.00 1,582
2018-09-01 $699,000 (3.6%) $1,314,124 (4.7%) 0.00 1,548
2018-10-01 $699,000 (3.9%) $1,301,660 (0.8%) 0.00 1,590
2018-11-01 $731,750 (4.7%) $1,325,710 (1.0%) 0.00 1,718
2018-12-01 $729,000 (4.3%) $1,325,853 (1.2%) 0.00 1,825
2019-01-01 $730,000 (3.4%) $1,311,868 (-1.3%) 0.00 1,932
2019-02-01 $724,500 (3.6%) $1,294,243 (-3.8%) 0.00 2,018
2019-03-01 $737,571 (5.5%) $1,308,627 (-2.6%) 0.00 1,971
2019-04-01 $749,000 (7.1%) $1,326,895 (-2.0%) 0.00 1,890
2019-05-01 $769,000 (10.0%) $1,371,088 (2.2%) 0.00 1,799
2019-06-01 $750,000 (7.3%) $1,356,150 (2.4%) 0.00 1,736
2019-07-01 $760,000 (8.7%) $1,366,733 (3.9%) 0.00 1,694
2019-08-01 $780,755 (11.7%) $1,396,722 (6.2%) 0.00 1,610
2019-09-01 $789,611 (13.0%) $1,438,436 (9.5%) 0.00 1,510
2019-10-01 $795,000 (13.7%) $1,474,577 (13.3%) 0.00 1,433
2019-11-01 $799,000 (9.2%) $1,485,026 (12.0%) 0.00 1,504
2019-12-01 $799,125 (9.6%) $1,500,949 (13.2%) 0.00 1,616
2020-01-01 $803,750 (10.1%) $1,516,232 (15.6%) 0.00 1,648
2020-02-01 $799,000 (10.3%) $1,485,200 (14.8%) 0.00 1,746
2020-03-01 $799,500 (8.4%) $1,505,811 (15.1%) 0.00 1,754
2020-04-01 $799,000 (6.7%) $1,490,622 (12.3%) 0.00 1,677
2020-05-01 $799,000 (3.9%) $1,512,569 (10.3%) 0.00 1,609
2020-06-01 $799,450 (6.6%) $1,534,510 (13.2%) 0.00 1,495
2020-07-01 $823,750 (8.4%) $1,589,979 (16.3%) 0.00 1,384
2020-08-01 $849,000 (8.7%) $1,629,623 (16.7%) 0.00 1,232
2020-09-01 $867,000 (9.8%) $1,666,754 (15.9%) 0.00 1,185
2020-10-01 $849,250 (6.8%) $1,693,184 (14.8%) 0.00 1,150
2020-11-01 $875,000 (9.5%) $1,734,056 (16.8%) 0.00 1,099
2020-12-01 $857,000 (7.2%) $1,749,362 (16.6%) 0.00 1,043
2021-01-01 $864,000 (7.5%) $1,804,015 (19.0%) 0.00 977
2021-02-01 $860,000 (7.6%) $1,797,728 (21.0%) 0.00 812
2021-03-01 $878,750 (9.9%) $1,803,779 (19.8%) 0.00 699
2021-04-01 $893,125 (11.8%) $1,905,451 (27.8%) 0.00 594
2021-05-01 $995,000 (24.5%) $2,032,472 (34.4%) 0.00 512
2021-06-01 $1,051,250 (31.5%) $2,070,126 (34.9%) 0.00 512
2021-07-01 $1,100,000 (33.5%) $2,107,807 (32.6%) 0.00 517
2021-08-01 $1,113,257 (31.1%) $2,061,570 (26.5%) 0.00 530
2021-09-01 $1,161,000 (33.9%) $2,102,077 (26.1%) 0.00 545
2021-10-01 $1,162,500 (36.9%) $2,046,936 (20.9%) 0.00 543
2021-11-01 $1,206,250 (37.9%) $2,128,440 (22.7%) 0.00 525
2021-12-01 $1,200,000 (40.0%) $2,112,171 (20.7%) 0.00 499
2022-01-01 $1,214,500 (40.6%) $2,098,812 (16.3%) 0.00 487
2022-02-01 $1,311,000 (52.4%) $2,130,723 (18.5%) 0.00 456
2022-03-01 $1,275,000 (45.1%) $2,138,833 (18.6%) 0.00 445
2022-04-01 $1,295,000 (45.0%) $2,108,246 (10.6%) 0.00 436
2022-05-01 $1,362,500 (36.9%) $2,514,157 (23.7%) 0.00 501
2022-06-01 $1,325,000 (26.0%) $2,549,680 (23.2%) 0.00 545
2022-07-01 $1,299,000 (18.1%) $2,470,506 (17.2%) 0.00 622
2022-08-01 $1,289,250 (15.8%) $2,383,808 (15.6%) 0.00 656
2022-09-01 $1,262,500 (8.7%) $2,396,227 (14.0%) 0.00 660
2022-10-01 $1,299,000 (11.7%) $2,425,642 (18.5%) 0.00 662
2022-11-01 $1,350,000 (11.9%) $2,425,276 (14.0%) 0.00 722
2022-12-01 $1,350,000 (12.5%) $2,407,096 (14.0%) 0.00 773
2023-01-01 $1,416,225 (16.6%) $2,454,050 (16.9%) 0.00 818
2023-02-01 $1,472,500 (12.3%) $2,509,966 (17.8%) 0.00 839
2023-03-01 $1,489,750 (16.8%) $2,557,970 (19.6%) 0.00 848
2023-04-01 $1,499,000 (15.8%) $2,571,736 (22.0%) 0.00 828
2023-05-01 $1,496,250 (9.8%) $2,373,267 (-5.6%) 0.00 800
2023-06-01 $1,477,500 (11.5%) $2,388,998 (-6.3%) 0.00 795
2023-07-01 $1,400,000 (7.8%) $2,436,653 (-1.4%) 0.00 804
2023-08-01 $1,425,000 (10.5%) $2,419,602 (1.5%) 0.00 827
2023-09-01 $1,395,000 (10.5%) $2,388,591 (-0.3%) 0.00 814
2023-10-01 $1,362,500 (4.9%) $2,407,417 (-0.8%) 0.00 868
2023-11-01 $1,387,500 (2.8%) $2,429,315 (0.2%) 0.00 991
2023-12-01 $1,392,500 (3.2%) $2,403,316 (-0.2%) 0.00 1,091
2024-01-01 $1,396,000 (-1.4%) $2,400,445 (-2.2%) 0.00 1,153
2024-02-01 $1,384,085 (-6.0%) $2,405,172 (-4.2%) 0.00 1,241
2024-03-01 $1,350,000 (-9.4%) $2,470,933 (-3.4%) 0.00 1,306
2024-04-01 $1,300,000 (-13.3%) $2,410,666 (-6.3%) 0.00 1,306
Key West's median listing price for 2024-04-01 was $1,300,000, a difference of $-199,000 (-13.3%) versus the prior year and $-50,000 versus the prior month.

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

Key West's average listing price for 2024-04-01 was $2,410,666, a difference of $-161,070 (-6.3%) versus the prior year and $-60,267 versus the prior month.

For the 2024-04-01 period, Key West had 1,306 MLS listings, a difference of 0 listings (0%) versus the prior month and 478 listings (58%) versus the prior year.

Median Listing Time on Market & Square Footage

Realtor.com - Key West (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Time on Market Median Square Footage
2018-01-01 0 days 1,497 sqft
2018-02-01 0 days 1,500 sqft
2018-03-01 0 days 1,500 sqft
2018-04-01 0 days 1,501 sqft
2018-05-01 0 days 1,490 sqft
2018-06-01 0 days 1,494 sqft
2018-07-01 0 days 1,495 sqft
2018-08-01 0 days 1,493 sqft
2018-09-01 0 days 1,491 sqft
2018-10-01 0 days 1,480 sqft
2018-11-01 0 days 1,498 sqft
2018-12-01 0 days 1,482 sqft
2019-01-01 0 days 1,493 sqft
2019-02-01 0 days 1,509 sqft
2019-03-01 0 days 1,525 sqft
2019-04-01 0 days 1,550 sqft
2019-05-01 0 days 1,564 sqft
2019-06-01 0 days 1,531 sqft
2019-07-01 0 days 1,526 sqft
2019-08-01 0 days 1,539 sqft
2019-09-01 0 days 1,555 sqft
2019-10-01 0 days 1,571 sqft
2019-11-01 0 days 1,579 sqft
2019-12-01 0 days 1,574 sqft
2020-01-01 0 days 1,579 sqft
2020-02-01 0 days 1,570 sqft
2020-03-01 0 days 1,574 sqft
2020-04-01 0 days 1,567 sqft
2020-05-01 0 days 1,552 sqft
2020-06-01 0 days 1,555 sqft
2020-07-01 0 days 1,547 sqft
2020-08-01 0 days 1,553 sqft
2020-09-01 0 days 1,554 sqft
2020-10-01 0 days 1,526 sqft
2020-11-01 0 days 1,520 sqft
2020-12-01 0 days 1,497 sqft
2021-01-01 0 days 1,515 sqft
2021-02-01 0 days 1,480 sqft
2021-03-01 0 days 1,483 sqft
2021-04-01 0 days 1,537 sqft
2021-05-01 0 days 1,650 sqft
2021-06-01 0 days 1,671 sqft
2021-07-01 0 days 1,611 sqft
2021-08-01 0 days 1,594 sqft
2021-09-01 0 days 1,589 sqft
2021-10-01 0 days 1,565 sqft
2021-11-01 0 days 1,569 sqft
2021-12-01 0 days 1,560 sqft
2022-01-01 0 days 1,558 sqft
2022-02-01 0 days 1,649 sqft
2022-03-01 0 days 1,599 sqft
2022-04-01 0 days 1,596 sqft
2022-05-01 0 days 1,622 sqft
2022-06-01 0 days 1,593 sqft
2022-07-01 0 days 1,536 sqft
2022-08-01 0 days 1,544 sqft
2022-09-01 0 days 1,533 sqft
2022-10-01 0 days 1,532 sqft
2022-11-01 0 days 1,525 sqft
2022-12-01 0 days 1,534 sqft
2023-01-01 0 days 1,540 sqft
2023-02-01 0 days 1,559 sqft
2023-03-01 0 days 1,605 sqft
2023-04-01 0 days 1,624 sqft
2023-05-01 0 days 1,600 sqft
2023-06-01 0 days 1,579 sqft
2023-07-01 0 days 1,576 sqft
2023-08-01 0 days 1,598 sqft
2023-09-01 0 days 1,570 sqft
2023-10-01 0 days 1,546 sqft
2023-11-01 0 days 1,549 sqft
2023-12-01 0 days 1,570 sqft
2024-01-01 0 days 1,582 sqft
2024-02-01 0 days 1,566 sqft
2024-03-01 0 days 1,549 sqft
2024-04-01 0 days 1,538 sqft
Key West's median listing age (time on market) for 2024-04-01 was 0 days.

Key West's median square footage for active listings during the 2024-04-01 period was 1,538 sqft. One year prior, the average listing was 1,624 sqft.