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 6.6% for the week of 2025-04-04, compared to the national average (all USDA variants) of 6.324% for the same period.

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

    The average rate for the prior week (2025-03-28) was 6.96% and one month ago for the week of 2025-02-28, the average rate was 6.91%.

    The average rate one year ago was 7.17%.

    For refis of the same type during the week of 2025-04-04, the average rate was 6.6%.

    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 2024 Avg. 30yFix Rate 2024 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 $704,750 (14.0%) $1,328,843 (25.9%) 0.00 1,487
    2018-02-01 $699,475 (12.6%) $1,345,139 (27.5%) 0.00 1,533
    2018-03-01 $699,000 (11.6%) $1,344,064 (27.0%) 0.00 1,616
    2018-04-01 $699,475 (5.2%) $1,353,822 (12.5%) 0.00 1,631
    2018-05-01 $699,000 (3.6%) $1,341,537 (11.7%) 0.00 1,595
    2018-06-01 $699,000 (3.1%) $1,323,883 (8.2%) 0.00 1,588
    2018-07-01 $699,000 (3.6%) $1,315,239 (5.9%) 0.00 1,611
    2018-08-01 $699,000 (4.4%) $1,315,244 (5.7%) 0.00 1,581
    2018-09-01 $699,000 (3.6%) $1,314,290 (4.7%) 0.00 1,547
    2018-10-01 $699,000 (3.9%) $1,301,814 (0.8%) 0.00 1,589
    2018-11-01 $729,250 (4.3%) $1,325,866 (1.0%) 0.00 1,717
    2018-12-01 $729,000 (4.3%) $1,326,002 (1.2%) 0.00 1,824
    2019-01-01 $728,625 (3.4%) $1,312,001 (-1.3%) 0.00 1,931
    2019-02-01 $722,500 (3.3%) $1,294,392 (-3.8%) 0.00 2,016
    2019-03-01 $735,286 (5.2%) $1,308,788 (-2.6%) 0.00 1,969
    2019-04-01 $749,000 (7.1%) $1,326,716 (-2.0%) 0.00 1,889
    2019-05-01 $768,000 (9.9%) $1,371,051 (2.2%) 0.00 1,797
    2019-06-01 $750,000 (7.3%) $1,355,550 (2.4%) 0.00 1,735
    2019-07-01 $759,750 (8.7%) $1,366,157 (3.9%) 0.00 1,693
    2019-08-01 $780,236 (11.6%) $1,396,131 (6.2%) 0.00 1,609
    2019-09-01 $788,541 (12.8%) $1,437,834 (9.4%) 0.00 1,509
    2019-10-01 $795,000 (13.7%) $1,473,775 (13.2%) 0.00 1,433
    2019-11-01 $799,000 (9.6%) $1,484,099 (11.9%) 0.00 1,504
    2019-12-01 $799,000 (9.6%) $1,499,748 (13.1%) 0.00 1,617
    2020-01-01 $802,350 (10.1%) $1,515,338 (15.5%) 0.00 1,650
    2020-02-01 $799,000 (10.6%) $1,484,825 (14.7%) 0.00 1,748
    2020-03-01 $799,475 (8.7%) $1,505,420 (15.0%) 0.00 1,755
    2020-04-01 $799,000 (6.7%) $1,490,227 (12.3%) 0.00 1,678
    2020-05-01 $799,000 (4.0%) $1,512,138 (10.3%) 0.00 1,610
    2020-06-01 $799,225 (6.6%) $1,534,031 (13.2%) 0.00 1,496
    2020-07-01 $822,500 (8.3%) $1,589,419 (16.3%) 0.00 1,385
    2020-08-01 $849,000 (8.8%) $1,628,983 (16.7%) 0.00 1,233
    2020-09-01 $867,000 (10.0%) $1,666,410 (15.9%) 0.00 1,186
    2020-10-01 $849,250 (6.8%) $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 (19.1%) 0.00 977
    2021-02-01 $860,000 (7.6%) $1,797,728 (21.1%) 0.00 812
    2021-03-01 $878,750 (9.9%) $1,803,779 (19.8%) 0.00 699
    2021-04-01 $890,625 (11.5%) $1,904,633 (27.8%) 0.00 594
    2021-05-01 $995,000 (24.5%) $2,032,472 (34.4%) 0.00 512
    2021-06-01 $1,050,000 (31.4%) $2,069,082 (34.9%) 0.00 512
    2021-07-01 $1,100,000 (33.7%) $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 (45.4%) $2,108,246 (10.7%) 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 (26.2%) $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%) 0.00 828
    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 $1,350,000 (-9.8%) $2,416,307 (1.8%) 0.00 1,254
    2024-06-01 $1,300,000 (-12.0%) $2,355,220 (-1.4%) 0.00 1,257
    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
    2024-12-01 $1,299,000 (-6.7%) $2,432,871 (1.2%) 0.00 1,366
    2025-01-01 $1,312,495 (-6.0%) $2,400,628 (0.0%) 0.00 1,431
    2025-02-01 $1,299,000 (-6.2%) $2,400,266 (-0.2%) 0.00 1,530
    2025-03-01 $1,295,000 (-4.1%) $2,336,404 (-5.4%) 0.00 1,590
    Key West's median listing price for 2025-03-01 was $1,295,000, a difference of $-55,000 (-4.1%) versus the prior year and $-4,000 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 2025-03-01 was $2,336,404, a difference of $-134,529 (-5.4%) versus the prior year and $-63,862 versus the prior month.

    For the 2025-03-01 period, Key West had 1,590 MLS listings, a difference of 60 listings (4%) versus the prior month and 284 listings (22%) 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 1,498 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 1,491 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 1,490 sqft
    2018-10-01 0 days 1,480 sqft
    2018-11-01 0 days 1,498 sqft
    2018-12-01 0 days 1,480 sqft
    2019-01-01 0 days 1,492 sqft
    2019-02-01 0 days 1,507 sqft
    2019-03-01 0 days 1,522 sqft
    2019-04-01 0 days 1,546 sqft
    2019-05-01 0 days 1,563 sqft
    2019-06-01 0 days 1,530 sqft
    2019-07-01 0 days 1,521 sqft
    2019-08-01 0 days 1,535 sqft
    2019-09-01 0 days 1,552 sqft
    2019-10-01 0 days 1,568 sqft
    2019-11-01 0 days 1,578 sqft
    2019-12-01 0 days 1,573 sqft
    2020-01-01 0 days 1,580 sqft
    2020-02-01 0 days 1,570 sqft
    2020-03-01 0 days 1,572 sqft
    2020-04-01 0 days 1,563 sqft
    2020-05-01 0 days 1,552 sqft
    2020-06-01 0 days 1,553 sqft
    2020-07-01 0 days 1,544 sqft
    2020-08-01 0 days 1,550 sqft
    2020-09-01 0 days 1,550 sqft
    2020-10-01 0 days 1,524 sqft
    2020-11-01 0 days 1,519 sqft
    2020-12-01 0 days 1,496 sqft
    2021-01-01 0 days 1,515 sqft
    2021-02-01 0 days 1,480 sqft
    2021-03-01 0 days 1,487 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 1,601 sqft
    2021-08-01 0 days 1,592 sqft
    2021-09-01 0 days 1,589 sqft
    2021-10-01 0 days 1,565 sqft
    2021-11-01 0 days 1,567 sqft
    2021-12-01 0 days 1,557 sqft
    2022-01-01 0 days 1,550 sqft
    2022-02-01 0 days 1,650 sqft
    2022-03-01 0 days 1,604 sqft
    2022-04-01 0 days 1,596 sqft
    2022-05-01 0 days 1,625 sqft
    2022-06-01 0 days 1,593 sqft
    2022-07-01 0 days 1,540 sqft
    2022-08-01 0 days 1,547 sqft
    2022-09-01 0 days 1,535 sqft
    2022-10-01 0 days 1,532 sqft
    2022-11-01 0 days 1,528 sqft
    2022-12-01 0 days 1,535 sqft
    2023-01-01 0 days 1,543 sqft
    2023-02-01 0 days 1,568 sqft
    2023-03-01 0 days 1,612 sqft
    2023-04-01 0 days 1,628 sqft
    2023-05-01 0 days 1,600 sqft
    2023-06-01 0 days 1,581 sqft
    2023-07-01 0 days 1,576 sqft
    2023-08-01 0 days 1,599 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 1,572 sqft
    2024-01-01 0 days 1,582 sqft
    2024-02-01 0 days 1,568 sqft
    2024-03-01 0 days 1,549 sqft
    2024-04-01 0 days 1,538 sqft
    2024-05-01 0 days 1,546 sqft
    2024-06-01 0 days 1,536 sqft
    2024-07-01 0 days 1,509 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
    2024-12-01 0 days 1,509 sqft
    2025-01-01 0 days 1,524 sqft
    2025-02-01 0 days 1,517 sqft
    2025-03-01 0 days 1,521 sqft
    Key West's median listing age (time on market) for 2025-03-01 was 0 days.

    Key West's median square footage for active listings during the 2025-03-01 period was 1,521 sqft. One year prior, the average listing was 1,549 sqft.