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%.

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

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. Louis
Date 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 for 2024-11-01 was $250,000, a difference of $16,750 (7.2%) versus the prior year and $11,250 versus the prior month.

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. Louis
Date 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 listing age (time on market) for 2024-11-01 was 0 days.

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.