Miami USDA Loan Rates, Closing Costs & Stats

Miami-Fort Lauderdale-Pompano Beach, 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.

    Miami USDA Loans, 30 Year Fixed Rates

    30 Year USDA mortgages in Miami averaged 6.92% for the week of 2025-05-23, compared to the national average (all USDA variants) of 6.433% for the same period.

    Miami's average USDA mortgage closing costs are $6,810.

    The average rate for the prior week (2025-05-16) was 6.75% and one month ago for the week of 2025-04-18, the average rate was 6.74%.

    The average rate one year ago was 7.1%.

    For refis of the same type during the week of 2025-05-23, the average rate was 6.81%.

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

    Miami 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 Miami level.

    Name # of Loans 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs

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

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

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Miami (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 $390,000 (4.0%) $877,914 (3.0%) 1.45 46,965
    2018-02-01 $389,950 (3.4%) $876,078 (2.7%) 1.42 48,001
    2018-03-01 $394,900 (3.3%) $877,390 (2.1%) 1.39 48,472
    2018-04-01 $397,250 (3.2%) $878,636 (1.5%) 1.35 48,104
    2018-05-01 $399,000 (2.7%) $878,088 (0.5%) 1.33 47,080
    2018-06-01 $399,000 (3.2%) $876,987 (1.6%) 1.33 46,265
    2018-07-01 $399,000 (2.3%) $872,124 (1.4%) 1.33 45,955
    2018-08-01 $398,750 (2.0%) $864,479 (0.1%) 1.34 45,634
    2018-09-01 $397,500 (1.9%) $863,007 (-0.7%) 1.34 46,079
    2018-10-01 $395,000 (1.4%) $865,304 (0.5%) 1.34 47,542
    2018-11-01 $395,000 (1.3%) $870,084 (0.6%) 1.34 49,388
    2018-12-01 $390,000 (0.0%) $876,936 (1.0%) 1.35 50,362
    2019-01-01 $390,000 (0.0%) $877,276 (-0.1%) 1.35 51,140
    2019-02-01 $390,000 (0.0%) $880,133 (0.5%) 1.32 52,899
    2019-03-01 $393,857 (-0.3%) $880,812 (0.4%) 1.29 52,213
    2019-04-01 $399,000 (0.4%) $886,067 (0.9%) 1.27 50,841
    2019-05-01 $399,900 (0.2%) $894,511 (1.9%) 1.25 49,416
    2019-06-01 $399,995 (0.3%) $888,843 (1.4%) 1.25 47,728
    2019-07-01 $400,000 (0.3%) $884,072 (1.4%) 1.25 46,164
    2019-08-01 $399,727 (0.3%) $881,485 (2.0%) 1.27 45,590
    2019-09-01 $399,318 (0.5%) $884,201 (2.5%) 1.28 45,053
    2019-10-01 $399,295 (1.1%) $890,712 (2.9%) 1.29 44,973
    2019-11-01 $399,900 (1.2%) $914,819 (5.1%) 1.31 45,821
    2019-12-01 $399,900 (2.5%) $928,944 (5.9%) 1.33 45,645
    2020-01-01 $399,125 (2.3%) $936,957 (6.8%) 1.33 44,974
    2020-02-01 $399,900 (2.5%) $942,032 (7.0%) 1.31 45,472
    2020-03-01 $399,950 (1.6%) $943,073 (7.1%) 1.25 45,268
    2020-04-01 $395,000 (-1.0%) $909,506 (2.7%) 1.24 44,431
    2020-05-01 $390,000 (-2.5%) $914,368 (2.2%) 1.19 43,837
    2020-06-01 $399,000 (-0.3%) $928,949 (4.5%) 1.18 42,715
    2020-07-01 $399,450 (-0.1%) $951,341 (7.6%) 1.16 40,287
    2020-08-01 $399,900 (0.0%) $962,154 (9.2%) 1.15 39,107
    2020-09-01 $400,000 (0.2%) $977,464 (10.6%) 1.15 38,035
    2020-10-01 $405,000 (1.4%) $988,909 (11.0%) 1.16 37,485
    2020-11-01 $400,000 (0.0%) $988,818 (8.1%) 1.17 37,077
    2020-12-01 $399,999 (0.0%) $994,325 (7.0%) 1.19 35,995
    2021-01-01 $399,000 (0.0%) $985,980 (5.2%) 1.19 33,468
    2021-02-01 $396,000 (-1.0%) $1,001,301 (6.3%) 1.15 30,512
    2021-03-01 $398,750 (-0.3%) $1,025,276 (8.7%) 1.13 26,860
    2021-04-01 $412,000 (4.3%) $1,061,309 (16.7%) 1.12 24,099
    2021-05-01 $429,000 (10.0%) $1,116,370 (22.1%) 1.14 21,800
    2021-06-01 $449,000 (12.5%) $1,163,849 (25.3%) 1.18 20,633
    2021-07-01 $455,500 (14.0%) $1,159,295 (21.9%) 1.20 20,962
    2021-08-01 $459,500 (14.9%) $1,176,863 (22.3%) 1.23 20,831
    2021-09-01 $467,450 (16.9%) $1,207,975 (23.6%) 1.25 20,298
    2021-10-01 $479,850 (18.5%) $1,260,576 (27.5%) 1.28 19,457
    2021-11-01 $482,500 (20.6%) $1,304,727 (32.0%) 1.29 18,303
    2021-12-01 $492,000 (23.0%) $1,343,447 (35.1%) 1.33 17,026
    2022-01-01 $495,000 (24.1%) $1,399,438 (41.9%) 1.34 15,400
    2022-02-01 $522,450 (31.9%) $1,501,636 (50.0%) 1.36 13,563
    2022-03-01 $544,500 (36.6%) $1,566,457 (52.8%) 1.36 13,063
    2022-04-01 $577,500 (40.2%) $1,616,114 (52.3%) 1.38 12,825
    2022-05-01 $622,000 (45.0%) $1,623,239 (45.4%) 1.42 14,723
    2022-06-01 $625,000 (39.2%) $1,531,062 (31.6%) 1.39 17,323
    2022-07-01 $620,000 (36.1%) $1,432,579 (23.6%) 1.40 21,070
    2022-08-01 $604,250 (31.5%) $1,406,924 (19.6%) 1.40 22,462
    2022-09-01 $599,000 (28.1%) $1,393,945 (15.4%) 1.40 22,559
    2022-10-01 $599,000 (24.8%) $1,407,112 (11.6%) 1.41 23,833
    2022-11-01 $599,000 (24.2%) $1,431,246 (9.7%) 1.44 25,517
    2022-12-01 $595,000 (20.9%) $1,461,330 (8.8%) 1.47 25,912
    2023-01-01 $595,000 (20.2%) $1,473,889 (5.3%) 1.47 25,919
    2023-02-01 $599,000 (14.7%) $1,503,920 (0.2%) 1.45 25,462
    2023-03-01 $599,444 (10.1%) $1,521,207 (-2.9%) 1.41 24,536
    2023-04-01 $605,000 (4.8%) $1,570,111 (-2.9%) 1.41 23,340
    2023-05-01 $607,598 (-2.3%) $1,579,899 (-2.7%) 1.38 22,854
    2023-06-01 $604,848 (-3.2%) $1,548,211 (1.1%) 1.36 22,583
    2023-07-01 $600,995 (-3.1%) $1,497,098 (4.5%) 1.37 22,403
    2023-08-01 $600,000 (-0.7%) $1,468,712 (4.4%) 1.38 22,488
    2023-09-01 $599,000 (0.0%) $1,445,209 (3.7%) 1.39 24,077
    2023-10-01 $598,500 (-0.1%) $1,453,940 (3.3%) 1.41 26,415
    2023-11-01 $594,973 (-0.7%) $1,473,539 (3.0%) 1.42 29,158
    2023-12-01 $579,900 (-2.5%) $1,467,078 (0.4%) 1.41 30,835
    2024-01-01 $564,500 (-5.1%) $1,460,653 (-0.9%) 1.38 32,515
    2024-02-01 $550,000 (-8.2%) $1,417,762 (-5.7%) 1.32 34,971
    2024-03-01 $549,000 (-8.4%) $1,373,035 (-9.7%) 1.29 36,367
    2024-04-01 $540,000 (-10.7%) $1,335,206 (-15.0%) 1.26 36,956
    2024-05-01 $539,450 (-11.2%) $1,319,018 (-16.5%) 1.23 37,421
    2024-06-01 $535,000 (-11.6%) $1,260,339 (-18.6%) 1.22 37,870
    2024-07-01 $535,000 (-11.0%) $1,229,123 (-17.9%) 1.22 38,455
    2024-08-01 $530,000 (-11.7%) $1,208,363 (-17.7%) 1.23 38,724
    2024-09-01 $525,000 (-12.4%) $1,209,341 (-16.3%) 1.24 40,430
    2024-10-01 $525,000 (-12.3%) $1,221,196 (-16.0%) 1.24 41,517
    2024-11-01 $525,000 (-11.8%) $1,247,485 (-15.3%) 1.26 44,007
    2024-12-01 $522,500 (-9.9%) $1,268,493 (-13.5%) 1.30 44,833
    2025-01-01 $520,000 (-7.9%) $1,273,716 (-12.8%) 1.30 45,792
    2025-02-01 $515,000 (-6.4%) $1,264,377 (-10.8%) 1.25 48,691
    2025-03-01 $512,000 (-6.7%) $1,252,135 (-8.8%) 1.21 50,841
    2025-04-01 $510,000 (-5.6%) $1,239,023 (-7.2%) 1.18 51,987
    Miami's median listing price for 2025-04-01 was $510,000, a difference of $-30,000 (-5.6%) versus the prior year and $-2,000 versus the prior month.

    Miami's median listing price comes in at 118% of the national average.

    Miami's average listing price for 2025-04-01 was $1,239,023, a difference of $-96,183 (-7.2%) versus the prior year and $-13,112 versus the prior month.

    For the 2025-04-01 period, Miami had 51,987 MLS listings, a difference of 1,146 listings (2%) versus the prior month and 15,031 listings (41%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Miami (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 81 days 1,498 sqft
    2018-02-01 78 days 1,499 sqft
    2018-03-01 72 days 1,500 sqft
    2018-04-01 74 days 1,501 sqft
    2018-05-01 76 days 1,506 sqft
    2018-06-01 79 days 1,515 sqft
    2018-07-01 80 days 1,516 sqft
    2018-08-01 81 days 1,513 sqft
    2018-09-01 81 days 1,510 sqft
    2018-10-01 78 days 1,507 sqft
    2018-11-01 75 days 1,510 sqft
    2018-12-01 79 days 1,507 sqft
    2019-01-01 83 days 1,505 sqft
    2019-02-01 81 days 1,507 sqft
    2019-03-01 79 days 1,512 sqft
    2019-04-01 78 days 1,520 sqft
    2019-05-01 81 days 1,525 sqft
    2019-06-01 85 days 1,527 sqft
    2019-07-01 86 days 1,530 sqft
    2019-08-01 86 days 1,524 sqft
    2019-09-01 86 days 1,515 sqft
    2019-10-01 85 days 1,509 sqft
    2019-11-01 81 days 1,507 sqft
    2019-12-01 84 days 1,500 sqft
    2020-01-01 87 days 1,499 sqft
    2020-02-01 82 days 1,488 sqft
    2020-03-01 74 days 1,485 sqft
    2020-04-01 82 days 1,462 sqft
    2020-05-01 94 days 1,450 sqft
    2020-06-01 103 days 1,437 sqft
    2020-07-01 96 days 1,407 sqft
    2020-08-01 82 days 1,389 sqft
    2020-09-01 81 days 1,381 sqft
    2020-10-01 81 days 1,376 sqft
    2020-11-01 79 days 1,367 sqft
    2020-12-01 81 days 1,357 sqft
    2021-01-01 83 days 1,334 sqft
    2021-02-01 75 days 1,303 sqft
    2021-03-01 64 days 1,293 sqft
    2021-04-01 60 days 1,297 sqft
    2021-05-01 56 days 1,312 sqft
    2021-06-01 53 days 1,341 sqft
    2021-07-01 52 days 1,361 sqft
    2021-08-01 53 days 1,365 sqft
    2021-09-01 54 days 1,368 sqft
    2021-10-01 55 days 1,376 sqft
    2021-11-01 56 days 1,376 sqft
    2021-12-01 58 days 1,366 sqft
    2022-01-01 61 days 1,356 sqft
    2022-02-01 48 days 1,363 sqft
    2022-03-01 40 days 1,387 sqft
    2022-04-01 40 days 1,435 sqft
    2022-05-01 36 days 1,489 sqft
    2022-06-01 37 days 1,500 sqft
    2022-07-01 40 days 1,512 sqft
    2022-08-01 49 days 1,513 sqft
    2022-09-01 57 days 1,513 sqft
    2022-10-01 60 days 1,518 sqft
    2022-11-01 61 days 1,516 sqft
    2022-12-01 66 days 1,500 sqft
    2023-01-01 72 days 1,488 sqft
    2023-02-01 67 days 1,472 sqft
    2023-03-01 60 days 1,460 sqft
    2023-04-01 63 days 1,453 sqft
    2023-05-01 63 days 1,442 sqft
    2023-06-01 62 days 1,442 sqft
    2023-07-01 64 days 1,435 sqft
    2023-08-01 62 days 1,427 sqft
    2023-09-01 58 days 1,418 sqft
    2023-10-01 56 days 1,423 sqft
    2023-11-01 57 days 1,426 sqft
    2023-12-01 61 days 1,407 sqft
    2024-01-01 68 days 1,394 sqft
    2024-02-01 62 days 1,376 sqft
    2024-03-01 58 days 1,363 sqft
    2024-04-01 64 days 1,353 sqft
    2024-05-01 65 days 1,348 sqft
    2024-06-01 68 days 1,348 sqft
    2024-07-01 73 days 1,344 sqft
    2024-08-01 74 days 1,340 sqft
    2024-09-01 73 days 1,335 sqft
    2024-10-01 74 days 1,336 sqft
    2024-11-01 74 days 1,345 sqft
    2024-12-01 79 days 1,333 sqft
    2025-01-01 79 days 1,331 sqft
    2025-02-01 74 days 1,332 sqft
    2025-03-01 67 days 1,332 sqft
    2025-04-01 72 days 1,332 sqft
    Miami's median listing age (time on market) for 2025-04-01 was 72 days. This is 13% longer than the same period one year ago.

    Miami's median square footage for active listings during the 2025-04-01 period was 1,332 sqft. One year prior, the average listing was 1,353 sqft.