Kingston USDA Loan Rates, Closing Costs & Stats

KINGSTON, NY

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.

Kingston's 3 lenders originated 3 USDA loans during 2022. The total origination value was $565,000, with an average USDA loan value of $188,333.

Kingston USDA Loans, 30 Year Fixed Rates

30 Year USDA mortgages in Kingston averaged 5.72% for the week of 2023-05-26, compared to the national average (all USDA variants) of 6.63% for the same period.

Kingston's average USDA mortgage closing costs are $5,740.

The average rate for the prior week (2023-05-19) was 5.96% and one month ago for the week of 2023-04-21, the average rate was 5.57%.

The average rate one year ago was 4.49%.

For refis of the same type during the week of 2023-05-26, the average rate was 5.23%.

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

Kingston 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 Kingston level.

Name # of Loans 2022 Avg. 30yFix Rate 2022 Avg. Closing Costs
Bank of England 1 5.50% $8,191
Barrington Bank & Trust Company, N.A. 1 5.75% $4,859
CALIBER HOME LOANS, INC. 1 5.88% $10,323

The top Kingston USDA lender as defined by loan originations is Bank of England, with 1 USDA loans originated. Their average total fees are $8,191, which is $3,331 higher than the next largest lender, Barrington Bank & Trust Company, N.A..

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

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


Market Conditions (Median, Average Prices & Listing Count)

Realtor.com - Kingston (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 $269,975 (13.0%) $450,544 (20.2%) 1.00 1,024
2018-02-01 $266,500 (11.1%) $443,838 (20.0%) 0.97 985
2018-03-01 $274,900 (14.8%) $464,945 (26.2%) 0.96 962
2018-04-01 $299,000 (20.1%) $505,368 (33.9%) 1.01 822
2018-05-01 $299,947 (15.4%) $511,307 (34.2%) 1.00 941
2018-06-01 $304,900 (13.6%) $496,689 (27.9%) 1.02 1,092
2018-07-01 $299,925 (11.1%) $479,890 (18.5%) 1.00 1,092
2018-08-01 $304,500 (15.2%) $472,871 (16.2%) 1.02 1,071
2018-09-01 $299,900 (13.2%) $460,615 (11.5%) 1.01 1,076
2018-10-01 $299,900 (11.2%) $477,546 (12.8%) 1.02 1,066
2018-11-01 $299,900 (9.7%) $487,345 (13.0%) 1.02 1,010
2018-12-01 $299,000 (9.9%) $473,870 (7.3%) 1.03 938
2019-01-01 $299,000 (10.8%) $470,729 (4.5%) 1.03 844
2019-02-01 $299,000 (12.2%) $482,164 (8.6%) 1.01 809
2019-03-01 $279,000 (1.5%) $432,842 (-0.1%) 0.93 1,043
2019-04-01 $284,900 (-4.7%) $433,105 (-13.6%) 0.90 1,131
2019-05-01 $286,200 (-4.6%) $434,288 (-15.1%) 0.89 1,261
2019-06-01 $347,500 (14.0%) $499,787 (0.6%) 1.09 1,006
2019-07-01 $342,450 (14.2%) $489,698 (2.0%) 1.07 1,053
2019-08-01 $339,000 (11.3%) $492,703 (2.3%) 1.06 1,082
2019-09-01 $339,450 (13.2%) $491,888 (3.0%) 1.07 1,052
2019-10-01 $327,500 (9.2%) $466,654 (-2.3%) 1.06 1,097
2019-11-01 $319,950 (6.7%) $466,593 (-4.3%) 1.05 1,053
2019-12-01 $321,050 (7.4%) $467,330 (-1.4%) 1.07 936
2020-01-01 $327,000 (9.4%) $459,832 (-2.3%) 1.09 782
2020-02-01 $325,000 (8.7%) $458,756 (-4.9%) 1.06 735
2020-03-01 $339,675 (21.8%) $474,108 (2.1%) 1.06 787
2020-04-01 $345,700 (21.3%) $488,458 (11.9%) 1.08 763
2020-05-01 $349,900 (22.3%) $499,659 (15.1%) 1.06 702
2020-06-01 $356,950 (2.7%) $505,525 (1.2%) 1.05 670
2020-07-01 $359,900 (5.1%) $510,421 (4.2%) 1.04 735
2020-08-01 $374,999 (10.6%) $537,585 (11.1%) 1.07 760
2020-09-01 $384,683 (13.3%) $534,944 (12.8%) 1.10 813
2020-10-01 $399,000 (21.8%) $563,427 (20.7%) 1.14 801
2020-11-01 $400,000 (25.0%) $590,818 (26.6%) 1.17 702
2020-12-01 $399,975 (24.6%) $593,123 (26.9%) 1.19 629
2021-01-01 $407,000 (24.5%) $601,007 (30.7%) 1.21 540
2021-02-01 $408,500 (25.7%) $609,636 (32.9%) 1.19 455
2021-03-01 $404,974 (19.2%) $617,301 (30.2%) 1.15 427
2021-04-01 $410,000 (18.6%) $623,805 (27.7%) 1.11 427
2021-05-01 $399,900 (14.3%) $606,528 (21.4%) 1.06 468
2021-06-01 $417,238 (16.9%) $620,041 (22.7%) 1.10 502
2021-07-01 $429,000 (19.2%) $654,567 (28.2%) 1.13 534
2021-08-01 $436,000 (16.3%) $658,731 (22.5%) 1.16 578
2021-09-01 $424,500 (10.4%) $664,272 (24.2%) 1.13 597
2021-10-01 $402,450 (0.9%) $674,504 (19.7%) 1.07 595
2021-11-01 $412,500 (3.1%) $669,524 (13.3%) 1.10 544
2021-12-01 $425,000 (6.3%) $684,945 (15.5%) 1.15 451
2022-01-01 $438,500 (7.7%) $714,045 (18.8%) 1.19 364
2022-02-01 $456,750 (11.8%) $763,532 (25.2%) 1.19 288
2022-03-01 $449,700 (11.0%) $713,810 (15.6%) 1.13 287
2022-04-01 $449,999 (9.8%) $700,991 (12.4%) 1.07 309
2022-05-01 $457,000 (14.3%) $686,723 (13.2%) 1.04 376
2022-06-01 $499,000 (19.6%) $754,850 (21.7%) 1.11 521
2022-07-01 $499,700 (16.5%) $747,581 (14.2%) 1.13 618
2022-08-01 $499,900 (14.7%) $757,514 (15.0%) 1.15 636
2022-09-01 $499,000 (17.6%) $747,164 (12.5%) 1.17 635
2022-10-01 $495,167 (23.0%) $726,616 (7.7%) 1.17 635
2022-11-01 $499,000 (21.0%) $729,740 (9.0%) 1.20 609
2022-12-01 $489,900 (15.3%) $721,884 (5.4%) 1.21 536
2023-01-01 $474,475 (8.2%) $677,799 (-5.1%) 1.17 455
2023-02-01 $489,000 (7.1%) $679,979 (-10.9%) 1.18 390
2023-03-01 $479,500 (6.6%) $671,698 (-5.9%) 1.13 373
2023-04-01 $499,000 (10.9%) $751,826 (0.0%) 1.16 396
Kingston's median listing price for 2023-04-01 was $499,000, a difference of $49,001 (10.9%) versus the prior year and $19,500 versus the prior month.

Kingston's median listing price comes in at 116% of the national average.

Kingston's average listing price for 2023-04-01 was $751,826, a difference of $50,835 (0.0%) versus the prior year and $80,128 versus the prior month.

For the 2023-04-01 period, Kingston had 396 MLS listings, a difference of 23 listings (6%) versus the prior month and 87 listings (28%) versus the prior year.

Median Listing Time on Market & Square Footage

Realtor.com - Kingston (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Time on Market Median Square Footage
2018-01-01 128 days 1,918 sqft
2018-02-01 130 days 1,898 sqft
2018-03-01 126 days 1,920 sqft
2018-04-01 94 days 2,024 sqft
2018-05-01 73 days 2,039 sqft
2018-06-01 62 days 2,030 sqft
2018-07-01 70 days 1,985 sqft
2018-08-01 79 days 1,988 sqft
2018-09-01 91 days 1,957 sqft
2018-10-01 94 days 1,954 sqft
2018-11-01 97 days 2,000 sqft
2018-12-01 107 days 1,968 sqft
2019-01-01 115 days 1,980 sqft
2019-02-01 120 days 1,977 sqft
2019-03-01 108 days 1,847 sqft
2019-04-01 79 days 1,849 sqft
2019-05-01 65 days 1,851 sqft
2019-06-01 63 days 2,035 sqft
2019-07-01 67 days 2,009 sqft
2019-08-01 80 days 2,039 sqft
2019-09-01 89 days 2,027 sqft
2019-10-01 90 days 1,949 sqft
2019-11-01 99 days 1,958 sqft
2019-12-01 107 days 1,963 sqft
2020-01-01 120 days 1,983 sqft
2020-02-01 117 days 2,046 sqft
2020-03-01 112 days 2,056 sqft
2020-04-01 98 days 2,051 sqft
2020-05-01 100 days 2,052 sqft
2020-06-01 79 days 2,043 sqft
2020-07-01 40 days 2,016 sqft
2020-08-01 46 days 2,035 sqft
2020-09-01 49 days 2,022 sqft
2020-10-01 54 days 2,026 sqft
2020-11-01 67 days 2,066 sqft
2020-12-01 88 days 2,041 sqft
2021-01-01 102 days 2,057 sqft
2021-02-01 106 days 2,048 sqft
2021-03-01 92 days 1,990 sqft
2021-04-01 66 days 2,028 sqft
2021-05-01 45 days 1,984 sqft
2021-06-01 45 days 1,990 sqft
2021-07-01 52 days 2,038 sqft
2021-08-01 58 days 2,002 sqft
2021-09-01 60 days 1,964 sqft
2021-10-01 70 days 1,840 sqft
2021-11-01 72 days 1,858 sqft
2021-12-01 81 days 1,821 sqft
2022-01-01 102 days 1,844 sqft
2022-02-01 109 days 2,004 sqft
2022-03-01 79 days 1,930 sqft
2022-04-01 41 days 1,912 sqft
2022-05-01 39 days 1,899 sqft
2022-06-01 37 days 1,912 sqft
2022-07-01 44 days 1,993 sqft
2022-08-01 58 days 2,028 sqft
2022-09-01 68 days 2,047 sqft
2022-10-01 68 days 2,016 sqft
2022-11-01 79 days 2,069 sqft
2022-12-01 89 days 2,033 sqft
2023-01-01 101 days 1,992 sqft
2023-02-01 110 days 2,024 sqft
2023-03-01 113 days 2,025 sqft
2023-04-01 61 days 2,027 sqft
Kingston's median listing age (time on market) for 2023-04-01 was 61 days. This is 49% longer than the same period one year ago.

Kingston's median square footage for active listings during the 2023-04-01 period was 2,027 sqft. One year prior, the average listing was 1,912 sqft.