Monroe USDA Loan Rates, Closing Costs & Stats
MONROE, LA
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.
Monroe's 25 lenders originated 100 USDA loans during 2023. The total origination value was $17,980,000, with an average USDA loan value of $179,800.
Monroe USDA Loans, 30 Year Fixed Rates
30 Year USDA mortgages in Monroe
averaged
6.44%
for the week of 2025-03-07, compared to the national average (all USDA variants) of
6.375% for the same period.
Monroe's average USDA mortgage closing costs are $4,961.
The average rate for the prior week (2025-02-28) was
6.3% and
one month ago for the week of 2025-01-31, the
average rate was 6.84%.
The average rate one year ago was 6.56%.
For refis of the same type during the week of 2025-03-07, the average rate
was 6.64%.
Monroe 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 Monroe level.
The top Monroe USDA lender as defined by loan originations is Eagle Bank and Trust Company, with
18 USDA loans originated. Their average total fees are
$6,204, which is $697
higher than the next largest lender,
Origin Bank.
The lowest fee Monroe USDA lenders (with over 10 loans originated) are
Origin Bank ($5,507), Eagle Bank and Trust Company ($6,204), Assurance Financial Group, L.L.C. ($7,378), .
The lowest rate Monroe USDA lenders (with over 10 loans originated) are
Origin Bank (6.49%), Assurance Financial Group, L.L.C. (6.60%), Eagle Bank and Trust Company (6.65%), .
Market Conditions (Median, Average Prices & Listing Count)
Realtor.com - Monroe (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 | $183,750 (4.4%) | $225,013 (-0.6%) | 0.68 | 922 |
2018-02-01 | $179,975 (0.6%) | $220,036 (-3.4%) | 0.65 | 983 |
2018-03-01 | $184,500 (5.4%) | $220,505 (-1.6%) | 0.65 | 999 |
2018-04-01 | $184,925 (1.5%) | $220,383 (-3.4%) | 0.63 | 1,069 |
2018-05-01 | $187,500 (1.4%) | $222,840 (-2.3%) | 0.63 | 1,112 |
2018-06-01 | $189,900 (-2.1%) | $228,480 (-1.1%) | 0.63 | 1,094 |
2018-07-01 | $190,000 (0.9%) | $237,645 (3.4%) | 0.63 | 1,148 |
2018-08-01 | $189,500 (4.6%) | $242,503 (6.3%) | 0.63 | 1,169 |
2018-09-01 | $189,500 (2.5%) | $242,745 (5.6%) | 0.64 | 1,160 |
2018-10-01 | $185,000 (-0.5%) | $239,486 (4.1%) | 0.63 | 1,149 |
2018-11-01 | $184,950 (-1.7%) | $237,818 (3.5%) | 0.63 | 1,123 |
2018-12-01 | $179,900 (-4.8%) | $234,504 (3.4%) | 0.62 | 1,058 |
2019-01-01 | $184,950 (0.7%) | $224,934 (0.0%) | 0.64 | 1,010 |
2019-02-01 | $185,000 (2.8%) | $224,579 (2.1%) | 0.63 | 1,069 |
2019-03-01 | $189,071 (2.5%) | $227,699 (3.3%) | 0.62 | 1,122 |
2019-04-01 | $194,750 (5.3%) | $231,180 (4.9%) | 0.62 | 1,175 |
2019-05-01 | $189,900 (1.3%) | $228,311 (2.5%) | 0.59 | 1,195 |
2019-06-01 | $189,900 (0.0%) | $228,786 (0.1%) | 0.59 | 1,175 |
2019-07-01 | $194,500 (2.4%) | $230,487 (-3.0%) | 0.61 | 1,194 |
2019-08-01 | $191,909 (1.3%) | $230,098 (-5.1%) | 0.61 | 1,172 |
2019-09-01 | $188,023 (-0.8%) | $229,149 (-5.6%) | 0.60 | 1,151 |
2019-10-01 | $188,932 (2.1%) | $232,843 (-2.8%) | 0.61 | 1,095 |
2019-11-01 | $195,000 (5.4%) | $237,712 (0.0%) | 0.64 | 1,029 |
2019-12-01 | $199,900 (11.1%) | $238,908 (1.9%) | 0.67 | 970 |
2020-01-01 | $202,750 (9.6%) | $241,592 (7.4%) | 0.68 | 746 |
2020-02-01 | $199,000 (7.6%) | $233,905 (4.2%) | 0.65 | 740 |
2020-03-01 | $198,875 (5.2%) | $234,603 (3.0%) | 0.62 | 707 |
2020-04-01 | $195,250 (0.3%) | $233,133 (0.8%) | 0.61 | 675 |
2020-05-01 | $199,900 (5.3%) | $239,199 (4.8%) | 0.61 | 618 |
2020-06-01 | $206,475 (8.7%) | $246,841 (7.9%) | 0.61 | 603 |
2020-07-01 | $212,450 (9.2%) | $250,380 (8.6%) | 0.62 | 571 |
2020-08-01 | $214,900 (12.0%) | $265,164 (15.2%) | 0.62 | 555 |
2020-09-01 | $210,000 (11.7%) | $265,515 (15.9%) | 0.60 | 521 |
2020-10-01 | $218,000 (15.4%) | $272,711 (17.1%) | 0.62 | 486 |
2020-11-01 | $215,000 (10.3%) | $269,591 (13.4%) | 0.63 | 449 |
2020-12-01 | $216,500 (8.3%) | $268,273 (12.3%) | 0.64 | 407 |
2021-01-01 | $207,000 (2.1%) | $267,112 (10.6%) | 0.62 | 379 |
2021-02-01 | $203,950 (2.5%) | $269,696 (15.3%) | 0.59 | 353 |
2021-03-01 | $210,000 (5.6%) | $274,547 (17.0%) | 0.60 | 312 |
2021-04-01 | $225,950 (15.7%) | $274,249 (17.6%) | 0.61 | 282 |
2021-05-01 | $225,000 (12.6%) | $275,171 (15.0%) | 0.60 | 258 |
2021-06-01 | $229,800 (11.3%) | $283,320 (14.8%) | 0.60 | 270 |
2021-07-01 | $236,450 (11.3%) | $293,439 (17.2%) | 0.62 | 279 |
2021-08-01 | $235,000 (9.4%) | $299,858 (13.1%) | 0.63 | 292 |
2021-09-01 | $238,500 (13.6%) | $306,135 (15.3%) | 0.64 | 273 |
2021-10-01 | $229,000 (5.1%) | $290,044 (6.4%) | 0.61 | 229 |
2021-11-01 | $221,600 (3.1%) | $306,237 (13.6%) | 0.59 | 217 |
2021-12-01 | $232,250 (7.3%) | $311,186 (16.0%) | 0.63 | 214 |
2022-01-01 | $240,623 (16.2%) | $301,967 (13.1%) | 0.65 | 200 |
2022-02-01 | $258,675 (26.8%) | $310,751 (15.2%) | 0.67 | 188 |
2022-03-01 | $250,275 (19.2%) | $297,395 (8.3%) | 0.63 | 189 |
2022-04-01 | $259,900 (15.0%) | $308,319 (12.4%) | 0.62 | 182 |
2022-05-01 | $249,925 (11.1%) | $294,983 (7.2%) | 0.57 | 191 |
2022-06-01 | $247,613 (7.8%) | $291,107 (2.8%) | 0.55 | 227 |
2022-07-01 | $250,000 (5.7%) | $301,483 (2.7%) | 0.56 | 248 |
2022-08-01 | $250,000 (6.4%) | $319,150 (6.4%) | 0.58 | 281 |
2022-09-01 | $252,500 (5.9%) | $322,011 (5.2%) | 0.59 | 287 |
2022-10-01 | $242,450 (5.9%) | $332,339 (14.6%) | 0.57 | 286 |
2022-11-01 | $238,563 (7.7%) | $313,782 (2.5%) | 0.57 | 318 |
2022-12-01 | $234,700 (1.1%) | $331,198 (6.4%) | 0.58 | 321 |
2023-01-01 | $234,950 (-2.4%) | $325,437 (7.8%) | 0.58 | 290 |
2023-02-01 | $238,544 (-7.8%) | $338,432 (8.9%) | 0.58 | 285 |
2023-03-01 | $236,638 (-5.5%) | $328,723 (10.5%) | 0.56 | 298 |
2023-04-01 | $235,000 (-9.6%) | $298,377 (-3.2%) | 0.55 | 285 |
2023-05-01 | $235,000 (-6.0%) | $295,570 (0.2%) | 0.53 | 311 |
2023-06-01 | $237,450 (-4.1%) | $300,631 (3.3%) | 0.53 | 320 |
2023-07-01 | $250,000 (0.0%) | $309,966 (2.8%) | 0.57 | 338 |
2023-08-01 | $249,000 (-0.4%) | $326,455 (2.3%) | 0.57 | 361 |
2023-09-01 | $240,000 (-5.0%) | $322,918 (0.3%) | 0.56 | 372 |
2023-10-01 | $239,988 (-1.0%) | $317,320 (-4.5%) | 0.56 | 365 |
2023-11-01 | $239,500 (0.4%) | $318,040 (1.4%) | 0.57 | 387 |
2023-12-01 | $239,900 (2.2%) | $316,827 (-4.3%) | 0.59 | 389 |
2024-01-01 | $234,700 (-0.1%) | $312,064 (-4.1%) | 0.57 | 377 |
2024-02-01 | $238,375 (-0.1%) | $289,252 (-14.5%) | 0.57 | 373 |
2024-03-01 | $250,000 (5.7%) | $313,162 (-4.7%) | 0.59 | 383 |
2024-04-01 | $255,850 (8.9%) | $322,942 (8.2%) | 0.60 | 405 |
2024-05-01 | $262,698 (11.8%) | $348,837 (18.0%) | 0.60 | 404 |
2024-06-01 | $258,900 (9.0%) | $348,198 (15.8%) | 0.59 | 422 |
2024-07-01 | $269,500 (7.8%) | $345,488 (11.5%) | 0.62 | 426 |
2024-08-01 | $259,000 (4.0%) | $312,764 (-4.2%) | 0.60 | 462 |
2024-09-01 | $249,450 (3.9%) | $301,990 (-6.5%) | 0.59 | 467 |
2024-10-01 | $239,225 (-0.3%) | $294,063 (-7.3%) | 0.56 | 489 |
2024-11-01 | $230,000 (-4.0%) | $297,732 (-6.4%) | 0.55 | 513 |
2024-12-01 | $230,000 (-4.1%) | $297,094 (-6.2%) | 0.57 | 495 |
2025-01-01 | $235,000 (0.1%) | $296,574 (-5.0%) | 0.59 | 460 |
2025-02-01 | $239,000 (0.3%) | $310,613 (7.4%) | 0.00 | 453 |
Monroe's median listing price comes in at 0% of the national average.
Monroe's average listing price for 2025-02-01 was $310,613, a difference of $21,361 (7.4%) versus the prior year and $14,039 versus the prior month.
For the 2025-02-01 period, Monroe had 453 MLS listings, a difference of -7 listings (-2%) versus the prior month and 80 listings (21%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Monroe (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Time on Market | Median Square Footage |
---|---|---|
2018-01-01 | 100 days | 1,966 sqft |
2018-02-01 | 97 days | 1,941 sqft |
2018-03-01 | 92 days | 1,947 sqft |
2018-04-01 | 80 days | 1,955 sqft |
2018-05-01 | 75 days | 1,957 sqft |
2018-06-01 | 73 days | 1,978 sqft |
2018-07-01 | 73 days | 1,977 sqft |
2018-08-01 | 73 days | 1,943 sqft |
2018-09-01 | 80 days | 1,940 sqft |
2018-10-01 | 86 days | 1,908 sqft |
2018-11-01 | 92 days | 1,913 sqft |
2018-12-01 | 101 days | 1,918 sqft |
2019-01-01 | 115 days | 1,923 sqft |
2019-02-01 | 109 days | 1,933 sqft |
2019-03-01 | 94 days | 1,943 sqft |
2019-04-01 | 77 days | 1,949 sqft |
2019-05-01 | 78 days | 1,943 sqft |
2019-06-01 | 81 days | 1,969 sqft |
2019-07-01 | 84 days | 1,961 sqft |
2019-08-01 | 88 days | 1,951 sqft |
2019-09-01 | 92 days | 1,938 sqft |
2019-10-01 | 94 days | 1,952 sqft |
2019-11-01 | 100 days | 1,978 sqft |
2019-12-01 | 108 days | 1,978 sqft |
2020-01-01 | 115 days | 1,981 sqft |
2020-02-01 | 118 days | 1,921 sqft |
2020-03-01 | 104 days | 1,938 sqft |
2020-04-01 | 95 days | 1,941 sqft |
2020-05-01 | 92 days | 2,000 sqft |
2020-06-01 | 84 days | 2,003 sqft |
2020-07-01 | 65 days | 2,006 sqft |
2020-08-01 | 66 days | 2,010 sqft |
2020-09-01 | 75 days | 2,030 sqft |
2020-10-01 | 79 days | 2,094 sqft |
2020-11-01 | 88 days | 2,072 sqft |
2020-12-01 | 88 days | 2,064 sqft |
2021-01-01 | 86 days | 2,050 sqft |
2021-02-01 | 80 days | 2,057 sqft |
2021-03-01 | 72 days | 2,049 sqft |
2021-04-01 | 73 days | 2,084 sqft |
2021-05-01 | 52 days | 2,048 sqft |
2021-06-01 | 46 days | 2,070 sqft |
2021-07-01 | 46 days | 2,025 sqft |
2021-08-01 | 45 days | 2,060 sqft |
2021-09-01 | 52 days | 2,012 sqft |
2021-10-01 | 66 days | 2,016 sqft |
2021-11-01 | 54 days | 1,977 sqft |
2021-12-01 | 58 days | 1,976 sqft |
2022-01-01 | 58 days | 2,000 sqft |
2022-02-01 | 49 days | 2,053 sqft |
2022-03-01 | 51 days | 2,086 sqft |
2022-04-01 | 45 days | 2,064 sqft |
2022-05-01 | 35 days | 2,021 sqft |
2022-06-01 | 32 days | 2,027 sqft |
2022-07-01 | 40 days | 2,090 sqft |
2022-08-01 | 53 days | 2,112 sqft |
2022-09-01 | 59 days | 2,103 sqft |
2022-10-01 | 58 days | 2,104 sqft |
2022-11-01 | 52 days | 2,041 sqft |
2022-12-01 | 60 days | 1,953 sqft |
2023-01-01 | 81 days | 1,949 sqft |
2023-02-01 | 84 days | 1,964 sqft |
2023-03-01 | 63 days | 2,009 sqft |
2023-04-01 | 60 days | 1,987 sqft |
2023-05-01 | 55 days | 1,966 sqft |
2023-06-01 | 60 days | 1,970 sqft |
2023-07-01 | 67 days | 2,046 sqft |
2023-08-01 | 61 days | 1,996 sqft |
2023-09-01 | 65 days | 2,006 sqft |
2023-10-01 | 68 days | 2,008 sqft |
2023-11-01 | 72 days | 2,019 sqft |
2023-12-01 | 77 days | 1,981 sqft |
2024-01-01 | 90 days | 1,956 sqft |
2024-02-01 | 86 days | 1,983 sqft |
2024-03-01 | 66 days | 2,009 sqft |
2024-04-01 | 57 days | 2,079 sqft |
2024-05-01 | 58 days | 2,093 sqft |
2024-06-01 | 64 days | 2,016 sqft |
2024-07-01 | 67 days | 2,008 sqft |
2024-08-01 | 64 days | 1,972 sqft |
2024-09-01 | 63 days | 1,919 sqft |
2024-10-01 | 68 days | 1,890 sqft |
2024-11-01 | 77 days | 1,863 sqft |
2024-12-01 | 84 days | 1,818 sqft |
2025-01-01 | 100 days | 1,848 sqft |
2025-02-01 | 0 days | 1,868 sqft |
Monroe's median square footage for active listings during the 2025-02-01 period was 1,868 sqft. One year prior, the average listing was 1,983 sqft.