Marshall USDA Loan Rates, Closing Costs & Stats
Marshall, MN
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.
Marshall's 1 lenders originated 2 USDA loans during 2023. The total origination value was $260,000, with an average USDA loan value of $130,000.
Marshall USDA Loans, 30 Year Fixed Rates
30 Year USDA mortgages in Marshall
averaged
6.64%
for the week of 2024-12-13, compared to the national average (all USDA variants) of
6.303% for the same period.
Marshall's average USDA mortgage closing costs are $4,406.
The average rate for the prior week (2024-12-06) was
6.47% and
one month ago for the week of 2024-11-08, the
average rate was 6.79%.
The average rate one year ago was 7.16%.
For refis of the same type during the week of 2024-12-13, the average rate
was 6.2%.
Marshall 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 Marshall level.
Name | # of Loans | 2023 Avg. 30yFix Rate | 2023 Avg. Closing Costs |
---|---|---|---|
FAIRWAY INDEPENDENT MORTGAGE CORPORATION | 1 | 7.63% | $7,517 |
The lowest fee Marshall USDA lenders (with over 10 loans originated) are
.
The lowest rate Marshall USDA lenders (with over 10 loans originated) are
.
Market Conditions (Median, Average Prices & Listing Count)
Realtor.com - Marshall (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 | $116,000 (-12.1%) | $149,103 (-6.9%) | 0.00 | 56 |
2018-02-01 | $115,000 (-16.8%) | $151,039 (-7.6%) | 0.00 | 58 |
2018-03-01 | $129,000 (-10.0%) | $154,239 (-6.7%) | 0.00 | 67 |
2018-04-01 | $140,702 (5.4%) | $156,777 (-3.3%) | 0.00 | 70 |
2018-05-01 | $141,200 (2.7%) | $150,013 (-7.5%) | 0.00 | 74 |
2018-06-01 | $132,450 (-11.4%) | $143,689 (-17.6%) | 0.00 | 80 |
2018-07-01 | $125,000 (-18.3%) | $144,988 (-17.3%) | 0.00 | 83 |
2018-08-01 | $132,000 (-5.7%) | $150,951 (-6.6%) | 0.00 | 88 |
2018-09-01 | $125,000 (-3.9%) | $153,184 (-2.0%) | 0.00 | 95 |
2018-10-01 | $127,500 (0.2%) | $157,108 (-0.1%) | 0.00 | 92 |
2018-11-01 | $146,000 (16.2%) | $161,861 (4.2%) | 0.00 | 99 |
2018-12-01 | $122,500 (-4.9%) | $153,324 (-0.5%) | 0.00 | 95 |
2019-01-01 | $137,000 (18.1%) | $158,455 (6.3%) | 0.00 | 82 |
2019-02-01 | $141,000 (22.6%) | $162,063 (7.3%) | 0.00 | 89 |
2019-03-01 | $144,443 (12.0%) | $160,227 (3.9%) | 0.00 | 95 |
2019-04-01 | $144,393 (2.6%) | $156,011 (-0.5%) | 0.00 | 105 |
2019-05-01 | $145,950 (3.4%) | $159,612 (6.4%) | 0.00 | 100 |
2019-06-01 | $139,900 (5.6%) | $156,308 (8.8%) | 0.00 | 99 |
2019-07-01 | $142,200 (13.8%) | $157,895 (8.9%) | 0.00 | 120 |
2019-08-01 | $138,100 (4.6%) | $156,300 (3.5%) | 0.00 | 120 |
2019-09-01 | $136,075 (8.9%) | $155,282 (1.4%) | 0.00 | 118 |
2019-10-01 | $134,975 (5.9%) | $155,971 (-0.7%) | 0.00 | 117 |
2019-11-01 | $139,900 (-4.2%) | $162,266 (0.3%) | 0.00 | 106 |
2019-12-01 | $134,900 (10.1%) | $159,257 (3.9%) | 0.00 | 90 |
2020-01-01 | $138,675 (1.2%) | $158,110 (-0.2%) | 0.00 | 79 |
2020-02-01 | $125,000 (-11.4%) | $154,226 (-4.8%) | 0.00 | 84 |
2020-03-01 | $130,325 (-9.8%) | $159,114 (-0.7%) | 0.00 | 82 |
2020-04-01 | $128,725 (-10.9%) | $157,502 (1.0%) | 0.00 | 86 |
2020-05-01 | $127,450 (-12.7%) | $161,099 (0.9%) | 0.00 | 86 |
2020-06-01 | $140,725 (0.6%) | $169,812 (8.6%) | 0.00 | 92 |
2020-07-01 | $134,925 (-5.1%) | $171,721 (8.8%) | 0.00 | 99 |
2020-08-01 | $124,500 (-9.9%) | $167,922 (7.4%) | 0.00 | 82 |
2020-09-01 | $119,500 (-12.2%) | $162,089 (4.4%) | 0.00 | 79 |
2020-10-01 | $122,000 (-9.6%) | $158,236 (1.5%) | 0.00 | 81 |
2020-11-01 | $116,950 (-16.4%) | $151,076 (-6.9%) | 0.00 | 70 |
2020-12-01 | $102,100 (-24.3%) | $143,676 (-9.8%) | 0.00 | 63 |
2021-01-01 | $115,000 (-17.1%) | $147,987 (-6.4%) | 0.00 | 46 |
2021-02-01 | $110,125 (-11.9%) | $143,171 (-7.2%) | 0.00 | 45 |
2021-03-01 | $105,000 (-19.4%) | $140,196 (-11.9%) | 0.00 | 38 |
2021-04-01 | $112,750 (-12.4%) | $151,140 (-4.0%) | 0.00 | 34 |
2021-05-01 | $132,500 (4.0%) | $150,495 (-6.6%) | 0.00 | 41 |
2021-06-01 | $150,000 (6.6%) | $167,983 (-1.1%) | 0.00 | 45 |
2021-07-01 | $164,950 (22.3%) | $190,830 (11.1%) | 0.00 | 48 |
2021-08-01 | $153,750 (23.5%) | $181,487 (8.1%) | 0.00 | 43 |
2021-09-01 | $148,125 (24.0%) | $176,552 (8.9%) | 0.00 | 45 |
2021-10-01 | $142,000 (16.4%) | $178,009 (12.5%) | 0.00 | 40 |
2021-11-01 | $148,875 (27.3%) | $216,271 (43.2%) | 0.00 | 36 |
2021-12-01 | $189,475 (85.6%) | $231,002 (60.8%) | 0.00 | 32 |
2022-01-01 | $199,900 (73.8%) | $239,466 (61.8%) | 0.00 | 25 |
2022-02-01 | $199,900 (81.5%) | $231,829 (61.9%) | 0.00 | 21 |
2022-03-01 | $162,250 (54.5%) | $221,035 (57.7%) | 0.00 | 18 |
2022-04-01 | $157,500 (39.7%) | $230,575 (52.6%) | 0.00 | 16 |
2022-05-01 | $189,750 (43.2%) | $251,221 (66.9%) | 0.00 | 24 |
2022-06-01 | $188,750 (25.8%) | $266,127 (58.4%) | 0.00 | 28 |
2022-07-01 | $179,900 (9.1%) | $263,912 (38.3%) | 0.00 | 32 |
2022-08-01 | $173,450 (12.8%) | $251,285 (38.5%) | 0.00 | 32 |
2022-09-01 | $168,500 (13.8%) | $245,982 (39.3%) | 0.00 | 35 |
2022-10-01 | $195,000 (37.3%) | $233,310 (31.1%) | 0.00 | 35 |
2022-11-01 | $143,725 (-3.5%) | $200,449 (-7.3%) | 0.00 | 41 |
2022-12-01 | $140,000 (-26.1%) | $193,170 (-16.4%) | 0.00 | 33 |
2023-01-01 | $143,000 (-28.5%) | $193,094 (-19.4%) | 0.00 | 28 |
2023-02-01 | $184,875 (-7.5%) | $219,269 (-5.4%) | 0.00 | 27 |
2023-03-01 | $180,592 (11.3%) | $216,972 (-1.8%) | 0.00 | 20 |
2023-04-01 | $197,369 (25.3%) | $222,226 (-3.6%) | 0.00 | 25 |
2023-05-01 | $240,750 (26.9%) | $272,238 (8.4%) | 0.00 | 25 |
2023-06-01 | $228,750 (21.2%) | $259,272 (-2.6%) | 0.00 | 30 |
2023-07-01 | $234,000 (30.1%) | $254,732 (-3.5%) | 0.00 | 29 |
2023-08-01 | $234,500 (35.2%) | $257,653 (2.5%) | 0.00 | 35 |
2023-09-01 | $240,000 (42.4%) | $273,517 (11.2%) | 0.00 | 40 |
2023-10-01 | $252,000 (29.2%) | $262,227 (12.4%) | 0.00 | 43 |
2023-11-01 | $233,250 (62.3%) | $233,967 (16.7%) | 0.00 | 37 |
2023-12-01 | $217,500 (55.4%) | $215,560 (11.6%) | 0.00 | 33 |
2024-01-01 | $213,750 (49.5%) | $216,754 (12.3%) | 0.00 | 30 |
2024-02-01 | $187,500 (1.4%) | $211,105 (-3.7%) | 0.00 | 31 |
2024-03-01 | $205,000 (13.5%) | $227,527 (4.9%) | 0.00 | 35 |
2024-04-01 | $177,000 (-10.3%) | $234,533 (5.5%) | 0.00 | 33 |
2024-05-01 | $262,500 (9.0%) | $262,099 (-3.7%) | 0.00 | 35 |
2024-06-01 | $275,000 (20.2%) | $267,388 (3.1%) | 0.00 | 32 |
2024-07-01 | $240,500 (2.8%) | $234,399 (-8.0%) | 0.00 | 34 |
2024-08-01 | $257,000 (9.6%) | $257,354 (-0.1%) | 0.00 | 44 |
2024-09-01 | $249,750 (4.1%) | $257,103 (-6.0%) | 0.00 | 44 |
2024-10-01 | $238,750 (-5.3%) | $265,346 (1.2%) | 0.00 | 48 |
2024-11-01 | $250,000 (7.2%) | $263,323 (12.6%) | 0.00 | 50 |
Marshall's median listing price comes in at 0% of the national average.
Marshall's average listing price for 2024-11-01 was $263,323, a difference of $29,356 (12.6%) versus the prior year and $-2,023 versus the prior month.
For the 2024-11-01 period, Marshall had 50 MLS listings, a difference of 2 listings (4%) versus the prior month and 13 listings (35%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Marshall (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Time on Market | Median Square Footage |
---|---|---|
2018-01-01 | 0 days | 2,143 sqft |
2018-02-01 | 0 days | 2,117 sqft |
2018-03-01 | 0 days | 2,212 sqft |
2018-04-01 | 0 days | 2,281 sqft |
2018-05-01 | 0 days | 2,196 sqft |
2018-06-01 | 0 days | 2,184 sqft |
2018-07-01 | 0 days | 2,086 sqft |
2018-08-01 | 0 days | 2,189 sqft |
2018-09-01 | 0 days | 2,184 sqft |
2018-10-01 | 0 days | 2,222 sqft |
2018-11-01 | 0 days | 2,245 sqft |
2018-12-01 | 0 days | 2,245 sqft |
2019-01-01 | 0 days | 2,325 sqft |
2019-02-01 | 0 days | 2,233 sqft |
2019-03-01 | 0 days | 2,050 sqft |
2019-04-01 | 0 days | 1,840 sqft |
2019-05-01 | 0 days | 1,846 sqft |
2019-06-01 | 0 days | 1,845 sqft |
2019-07-01 | 0 days | 1,870 sqft |
2019-08-01 | 0 days | 1,867 sqft |
2019-09-01 | 0 days | 1,879 sqft |
2019-10-01 | 0 days | 1,887 sqft |
2019-11-01 | 0 days | 1,845 sqft |
2019-12-01 | 0 days | 1,832 sqft |
2020-01-01 | 0 days | 1,779 sqft |
2020-02-01 | 0 days | 1,790 sqft |
2020-03-01 | 0 days | 1,830 sqft |
2020-04-01 | 0 days | 1,842 sqft |
2020-05-01 | 0 days | 1,851 sqft |
2020-06-01 | 0 days | 1,874 sqft |
2020-07-01 | 0 days | 1,856 sqft |
2020-08-01 | 0 days | 1,843 sqft |
2020-09-01 | 0 days | 1,774 sqft |
2020-10-01 | 0 days | 1,728 sqft |
2020-11-01 | 0 days | 1,664 sqft |
2020-12-01 | 0 days | 1,625 sqft |
2021-01-01 | 0 days | 1,655 sqft |
2021-02-01 | 0 days | 1,700 sqft |
2021-03-01 | 0 days | 1,720 sqft |
2021-04-01 | 0 days | 1,728 sqft |
2021-05-01 | 0 days | 1,695 sqft |
2021-06-01 | 0 days | 1,800 sqft |
2021-07-01 | 0 days | 1,898 sqft |
2021-08-01 | 0 days | 1,814 sqft |
2021-09-01 | 0 days | 1,831 sqft |
2021-10-01 | 0 days | 1,792 sqft |
2021-11-01 | 0 days | 1,775 sqft |
2021-12-01 | 0 days | 1,790 sqft |
2022-01-01 | 0 days | 1,936 sqft |
2022-02-01 | 0 days | 2,241 sqft |
2022-03-01 | 0 days | 2,239 sqft |
2022-04-01 | 0 days | 2,228 sqft |
2022-05-01 | 0 days | 1,873 sqft |
2022-06-01 | 0 days | 1,833 sqft |
2022-07-01 | 0 days | 1,890 sqft |
2022-08-01 | 0 days | 1,755 sqft |
2022-09-01 | 0 days | 1,681 sqft |
2022-10-01 | 0 days | 1,885 sqft |
2022-11-01 | 0 days | 1,757 sqft |
2022-12-01 | 0 days | 1,753 sqft |
2023-01-01 | 0 days | 1,752 sqft |
2023-02-01 | 0 days | 1,854 sqft |
2023-03-01 | 0 days | 1,794 sqft |
2023-04-01 | 0 days | 1,750 sqft |
2023-05-01 | 0 days | 1,900 sqft |
2023-06-01 | 0 days | 1,900 sqft |
2023-07-01 | 0 days | 1,960 sqft |
2023-08-01 | 0 days | 1,932 sqft |
2023-09-01 | 0 days | 1,978 sqft |
2023-10-01 | 0 days | 1,886 sqft |
2023-11-01 | 0 days | 1,784 sqft |
2023-12-01 | 0 days | 1,742 sqft |
2024-01-01 | 0 days | 1,775 sqft |
2024-02-01 | 0 days | 1,800 sqft |
2024-03-01 | 0 days | 1,800 sqft |
2024-04-01 | 0 days | 1,708 sqft |
2024-05-01 | 0 days | 1,987 sqft |
2024-06-01 | 0 days | 2,008 sqft |
2024-07-01 | 0 days | 2,002 sqft |
2024-08-01 | 0 days | 2,109 sqft |
2024-09-01 | 0 days | 2,031 sqft |
2024-10-01 | 0 days | 2,019 sqft |
2024-11-01 | 0 days | 2,019 sqft |
Marshall's median square footage for active listings during the 2024-11-01 period was 2,019 sqft. One year prior, the average listing was 1,784 sqft.