Key West USDA Loan Rates, Closing Costs & Stats

Key West, FL

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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.

    Key West USDA Loans, 30 Year Fixed Rates

    30 Year USDA mortgages in Key West averaged 6.18% for the week of 2024-12-13, compared to the national average (all USDA variants) of 6.303% for the same period.

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

    The average rate for the prior week (2024-12-06) was 6.61% and one month ago for the week of 2024-11-08, the average rate was 6.33%.

    The average rate one year ago was 7.1%.

    For refis of the same type during the week of 2024-12-13, the average rate was 6.3%.

    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
    2024-05-01 $1,357,000 (-9.3%) $2,428,778 (2.3%) 0.00 1,254
    2024-06-01 $1,325,000 (-10.3%) $2,369,188 (-0.8%) 0.00 1,254
    2024-07-01 $1,283,700 (-8.3%) $2,377,342 (-2.4%) 0.00 1,220
    2024-08-01 $1,275,000 (-10.5%) $2,354,881 (-2.7%) 0.00 1,170
    2024-09-01 $1,250,000 (-10.4%) $2,349,199 (-1.7%) 0.00 1,135
    2024-10-01 $1,262,250 (-7.4%) $2,403,942 (-0.1%) 0.00 1,149
    2024-11-01 $1,275,000 (-8.1%) $2,452,977 (1.0%) 0.00 1,269
    Key West's median listing price for 2024-11-01 was $1,275,000, a difference of $-112,500 (-8.1%) versus the prior year and $12,750 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 2024-11-01 was $2,452,977, a difference of $23,662 (1.0%) versus the prior year and $49,035 versus the prior month.

    For the 2024-11-01 period, Key West had 1,269 MLS listings, a difference of 120 listings (10%) versus the prior month and 278 listings (28%) 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
    2024-05-01 0 days 1,545 sqft
    2024-06-01 0 days 1,536 sqft
    2024-07-01 0 days 1,506 sqft
    2024-08-01 0 days 1,507 sqft
    2024-09-01 0 days 1,512 sqft
    2024-10-01 0 days 1,512 sqft
    2024-11-01 0 days 1,502 sqft
    Key West's median listing age (time on market) for 2024-11-01 was 0 days.

    Key West's median square footage for active listings during the 2024-11-01 period was 1,502 sqft. One year prior, the average listing was 1,549 sqft.