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
-0.77%
for the week of 2023-11-24, compared to the national average (all USDA variants) of
0% for the same period.
Key West's average USDA mortgage closing costs are $0.
The average rate for the prior week (2023-11-17) was
6.42% and
one month ago for the week of 2023-10-20, the
average rate was 6.94%.
The average rate one year ago was 6.18%.
For refis of the same type during the week of 2023-11-24, the average rate
was -1.69%.
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 | 2022 Avg. 30yFix Rate | 2022 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. LouisDate | Median Listing Price (YoY Change) | Average Listing Price (YoY) | MSA/US Median Price Ratio | Active Listings |
---|---|---|---|---|
2018-01-01 | $706,250 (14.3%) | $1,328,463 (25.9%) | 0.00 | 1,488 |
2018-02-01 | $699,625 (12.6%) | $1,344,763 (27.4%) | 0.00 | 1,534 |
2018-03-01 | $699,000 (11.6%) | $1,343,708 (27.0%) | 0.00 | 1,617 |
2018-04-01 | $699,500 (5.2%) | $1,353,459 (12.4%) | 0.00 | 1,632 |
2018-05-01 | $699,000 (3.6%) | $1,341,179 (11.7%) | 0.00 | 1,596 |
2018-06-01 | $699,000 (3.0%) | $1,323,516 (8.1%) | 0.00 | 1,589 |
2018-07-01 | $699,000 (3.6%) | $1,314,883 (5.9%) | 0.00 | 1,612 |
2018-08-01 | $699,000 (4.2%) | $1,315,302 (5.7%) | 0.00 | 1,583 |
2018-09-01 | $699,000 (3.6%) | $1,314,027 (4.7%) | 0.00 | 1,549 |
2018-10-01 | $699,000 (3.9%) | $1,301,581 (0.8%) | 0.00 | 1,592 |
2018-11-01 | $732,000 (4.7%) | $1,325,607 (1.0%) | 0.00 | 1,720 |
2018-12-01 | $729,000 (4.3%) | $1,325,739 (1.2%) | 0.00 | 1,826 |
2019-01-01 | $728,625 (3.2%) | $1,311,733 (-1.3%) | 0.00 | 1,933 |
2019-02-01 | $722,500 (3.3%) | $1,293,865 (-3.8%) | 0.00 | 2,018 |
2019-03-01 | $735,286 (5.2%) | $1,308,246 (-2.6%) | 0.00 | 1,971 |
2019-04-01 | $749,000 (7.1%) | $1,326,140 (-2.0%) | 0.00 | 1,891 |
2019-05-01 | $769,000 (10.0%) | $1,370,566 (2.2%) | 0.00 | 1,799 |
2019-06-01 | $750,000 (7.3%) | $1,355,862 (2.4%) | 0.00 | 1,734 |
2019-07-01 | $759,500 (8.7%) | $1,366,483 (3.9%) | 0.00 | 1,692 |
2019-08-01 | $778,527 (11.4%) | $1,396,497 (6.2%) | 0.00 | 1,608 |
2019-09-01 | $787,793 (12.7%) | $1,438,250 (9.5%) | 0.00 | 1,508 |
2019-10-01 | $794,750 (13.7%) | $1,474,232 (13.3%) | 0.00 | 1,432 |
2019-11-01 | $799,000 (9.2%) | $1,484,531 (12.0%) | 0.00 | 1,503 |
2019-12-01 | $799,000 (9.6%) | $1,500,169 (13.2%) | 0.00 | 1,616 |
2020-01-01 | $802,450 (10.1%) | $1,515,756 (15.6%) | 0.00 | 1,649 |
2020-02-01 | $799,000 (10.6%) | $1,485,200 (14.8%) | 0.00 | 1,747 |
2020-03-01 | $799,500 (8.7%) | $1,505,811 (15.1%) | 0.00 | 1,754 |
2020-04-01 | $799,000 (6.7%) | $1,490,622 (12.4%) | 0.00 | 1,677 |
2020-05-01 | $799,000 (3.9%) | $1,512,569 (10.4%) | 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 (8.5%) | $1,589,979 (16.4%) | 0.00 | 1,384 |
2020-08-01 | $849,000 (9.1%) | $1,629,623 (16.7%) | 0.00 | 1,232 |
2020-09-01 | $867,000 (10.1%) | $1,666,754 (15.9%) | 0.00 | 1,185 |
2020-10-01 | $849,250 (6.9%) | $1,693,184 (14.9%) | 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 (7.3%) | $1,749,362 (16.6%) | 0.00 | 1,043 |
2021-01-01 | $864,000 (7.7%) | $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 | $1,116,382 (31.5%) | $2,062,732 (26.6%) | 0.00 | 530 |
2021-09-01 | $1,161,000 (33.9%) | $2,103,248 (26.2%) | 0.00 | 545 |
2021-10-01 | $1,162,500 (36.9%) | $2,046,936 (20.9%) | 0.00 | 543 |
2021-11-01 | $1,212,500 (38.6%) | $2,129,689 (22.8%) | 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 (15.5%) | $2,383,808 (15.6%) | 0.00 | 656 |
2022-09-01 | $1,262,500 (8.7%) | $2,396,227 (13.9%) | 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 (11.3%) | $2,425,276 (13.9%) | 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 | 826 |
2023-05-01 | $1,496,250 (9.8%) | $2,374,664 (-5.6%) | 0.00 | 798 |
2023-06-01 | $1,475,000 (11.3%) | $2,389,299 (-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 |
Key West's median listing price comes in at 0% of the national average.
Key West's average listing price for 2023-10-01 was $2,407,417, a difference of $-18,225 (-0.8%) versus the prior year and $18,826 versus the prior month.
For the 2023-10-01 period, Key West had 868 MLS listings, a difference of 54 listings (7%) versus the prior month and 206 listings (31%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Key West (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Time on Market | Median Square Footage |
---|---|---|
2018-01-01 | 0 days | 1,500 sqft |
2018-02-01 | 0 days | 1,500 sqft |
2018-03-01 | 0 days | 1,500 sqft |
2018-04-01 | 0 days | 1,500 sqft |
2018-05-01 | 0 days | 1,489 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 | 1,484 sqft |
2019-01-01 | 0 days | 1,493 sqft |
2019-02-01 | 0 days | 1,508 sqft |
2019-03-01 | 0 days | 1,525 sqft |
2019-04-01 | 0 days | 1,550 sqft |
2019-05-01 | 0 days | 1,563 sqft |
2019-06-01 | 0 days | 1,530 sqft |
2019-07-01 | 0 days | 1,526 sqft |
2019-08-01 | 0 days | 1,539 sqft |
2019-09-01 | 0 days | 1,556 sqft |
2019-10-01 | 0 days | 1,571 sqft |
2019-11-01 | 0 days | 1,580 sqft |
2019-12-01 | 0 days | 1,575 sqft |
2020-01-01 | 0 days | 1,582 sqft |
2020-02-01 | 0 days | 1,570 sqft |
2020-03-01 | 0 days | 1,574 sqft |
2020-04-01 | 0 days | 1,569 sqft |
2020-05-01 | 0 days | 1,553 sqft |
2020-06-01 | 0 days | 1,555 sqft |
2020-07-01 | 0 days | 1,548 sqft |
2020-08-01 | 0 days | 1,555 sqft |
2020-09-01 | 0 days | 1,552 sqft |
2020-10-01 | 0 days | 1,525 sqft |
2020-11-01 | 0 days | 1,517 sqft |
2020-12-01 | 0 days | 1,494 sqft |
2021-01-01 | 0 days | 1,504 sqft |
2021-02-01 | 0 days | 1,475 sqft |
2021-03-01 | 0 days | 1,479 sqft |
2021-04-01 | 0 days | 1,534 sqft |
2021-05-01 | 0 days | 1,650 sqft |
2021-06-01 | 0 days | 1,671 sqft |
2021-07-01 | 0 days | 1,610 sqft |
2021-08-01 | 0 days | 1,592 sqft |
2021-09-01 | 0 days | 1,589 sqft |
2021-10-01 | 0 days | 1,564 sqft |
2021-11-01 | 0 days | 1,567 sqft |
2021-12-01 | 0 days | 1,560 sqft |
2022-01-01 | 0 days | 1,558 sqft |
2022-02-01 | 0 days | 1,642 sqft |
2022-03-01 | 0 days | 1,599 sqft |
2022-04-01 | 0 days | 1,595 sqft |
2022-05-01 | 0 days | 1,622 sqft |
2022-06-01 | 0 days | 1,593 sqft |
2022-07-01 | 0 days | 1,540 sqft |
2022-08-01 | 0 days | 1,545 sqft |
2022-09-01 | 0 days | 1,532 sqft |
2022-10-01 | 0 days | 1,530 sqft |
2022-11-01 | 0 days | 1,524 sqft |
2022-12-01 | 0 days | 1,533 sqft |
2023-01-01 | 0 days | 1,538 sqft |
2023-02-01 | 0 days | 1,559 sqft |
2023-03-01 | 0 days | 1,605 sqft |
2023-04-01 | 0 days | 1,626 sqft |
2023-05-01 | 0 days | 1,600 sqft |
2023-06-01 | 0 days | 1,579 sqft |
2023-07-01 | 0 days | 1,575 sqft |
2023-08-01 | 0 days | 1,599 sqft |
2023-09-01 | 0 days | 1,571 sqft |
2023-10-01 | 0 days | 1,548 sqft |
Key West's median square footage for active listings during the 2023-10-01 period was 1,548 sqft. One year prior, the average listing was 1,530 sqft.