Kingston USDA Loan Rates, Closing Costs & Stats

KINGSTON, NY

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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.

    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.