Naples USDA Loan Rates, Closing Costs & Stats

NAPLES-MARCO ISLAND, FL

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.

Naples USDA Loans, 30 Year Fixed Rates

30 Year USDA mortgages in Naples averaged 6.87% for the week of 2024-04-12, compared to the national average (all USDA variants) of 6.705% for the same period.

Naples's average USDA mortgage closing costs are $8,562.

The average rate for the prior week (2024-04-05) was 6.5% and one month ago for the week of 2024-03-08, the average rate was 6.76%.

The average rate one year ago was 6.27%.

For refis of the same type during the week of 2024-04-12, the average rate was 6.9%.

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

Naples 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 Naples level.

Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs

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

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


Market Conditions (Median, Average Prices & Listing Count)

Realtor.com - Naples (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 $468,900 (-6.0%) $955,497 (-6.6%) 1.74 6,385
2018-02-01 $469,000 (-5.7%) $938,749 (-7.2%) 1.70 6,867
2018-03-01 $460,000 (-6.0%) $930,658 (-7.1%) 1.61 7,090
2018-04-01 $456,100 (-6.7%) $911,095 (-7.9%) 1.55 6,898
2018-05-01 $449,900 (-5.3%) $893,558 (-8.7%) 1.50 6,574
2018-06-01 $449,900 (-5.7%) $883,640 (-9.3%) 1.50 6,206
2018-07-01 $449,700 (-5.3%) $886,938 (-7.1%) 1.50 5,894
2018-08-01 $445,473 (-5.2%) $883,042 (-8.0%) 1.49 5,719
2018-09-01 $439,950 (-6.4%) $882,337 (-9.6%) 1.48 5,649
2018-10-01 $445,000 (-5.1%) $910,227 (-5.9%) 1.51 6,080
2018-11-01 $449,000 (-4.3%) $920,712 (-3.8%) 1.52 6,595
2018-12-01 $449,000 (-2.4%) $915,696 (-3.8%) 1.55 6,957
2019-01-01 $449,450 (-4.2%) $924,565 (-3.2%) 1.55 7,385
2019-02-01 $454,684 (-3.1%) $923,013 (-1.7%) 1.54 7,862
2019-03-01 $458,914 (-0.2%) $932,859 (0.2%) 1.50 7,821
2019-04-01 $458,989 (0.6%) $932,334 (2.3%) 1.46 7,659
2019-05-01 $450,000 (0.0%) $927,167 (3.8%) 1.41 7,112
2019-06-01 $450,000 (0.0%) $938,364 (6.2%) 1.41 6,566
2019-07-01 $449,450 (-0.1%) $918,666 (3.6%) 1.41 6,107
2019-08-01 $449,245 (0.9%) $920,740 (4.3%) 1.42 5,957
2019-09-01 $449,614 (2.2%) $919,825 (4.3%) 1.44 5,878
2019-10-01 $449,950 (1.1%) $923,402 (1.5%) 1.45 5,850
2019-11-01 $459,000 (2.2%) $950,477 (3.2%) 1.50 6,017
2019-12-01 $465,000 (3.6%) $960,423 (4.9%) 1.55 6,125
2020-01-01 $475,000 (5.7%) $997,643 (7.9%) 1.59 6,087
2020-02-01 $475,000 (4.5%) $991,163 (7.4%) 1.55 6,203
2020-03-01 $475,000 (3.5%) $1,008,669 (8.1%) 1.49 6,160
2020-04-01 $469,160 (2.2%) $978,840 (5.0%) 1.47 5,994
2020-05-01 $473,345 (5.2%) $1,008,953 (8.8%) 1.44 5,683
2020-06-01 $475,000 (5.6%) $1,025,949 (9.3%) 1.40 5,341
2020-07-01 $474,000 (5.5%) $1,031,953 (12.3%) 1.37 4,927
2020-08-01 $475,000 (5.7%) $1,051,742 (14.2%) 1.36 4,621
2020-09-01 $478,579 (6.4%) $1,064,008 (15.7%) 1.37 4,314
2020-10-01 $475,000 (5.6%) $1,068,283 (15.7%) 1.36 4,156
2020-11-01 $479,000 (4.4%) $1,085,720 (14.2%) 1.40 3,915
2020-12-01 $478,105 (2.8%) $1,105,519 (15.1%) 1.42 3,639
2021-01-01 $479,000 (0.8%) $1,143,779 (14.7%) 1.43 3,193
2021-02-01 $497,000 (4.6%) $1,168,993 (17.9%) 1.45 2,417
2021-03-01 $549,500 (15.7%) $1,276,586 (26.6%) 1.56 1,796
2021-04-01 $582,100 (24.1%) $1,362,758 (39.2%) 1.58 1,491
2021-05-01 $600,000 (26.8%) $1,461,823 (44.9%) 1.59 1,263
2021-06-01 $640,000 (34.7%) $1,522,698 (48.4%) 1.68 1,232
2021-07-01 $649,900 (37.1%) $1,577,046 (52.8%) 1.71 1,281
2021-08-01 $659,500 (38.8%) $1,557,300 (48.1%) 1.76 1,290
2021-09-01 $666,000 (39.2%) $1,615,310 (51.8%) 1.78 1,259
2021-10-01 $699,950 (47.4%) $1,687,676 (58.0%) 1.87 1,264
2021-11-01 $728,499 (52.1%) $1,787,211 (64.6%) 1.95 1,192
2021-12-01 $742,450 (55.3%) $1,844,149 (66.8%) 2.01 1,166
2022-01-01 $769,450 (60.6%) $1,928,505 (68.6%) 2.08 1,068
2022-02-01 $798,350 (60.6%) $1,969,890 (68.5%) 2.08 1,024
2022-03-01 $799,500 (45.5%) $1,863,799 (46.0%) 2.00 1,211
2022-04-01 $849,900 (46.0%) $1,839,091 (35.0%) 2.03 1,509
2022-05-01 $825,000 (37.5%) $1,745,267 (19.4%) 1.89 1,903
2022-06-01 $799,945 (25.0%) $1,692,527 (11.2%) 1.78 2,269
2022-07-01 $790,000 (21.6%) $1,676,639 (6.3%) 1.78 2,517
2022-08-01 $766,750 (16.3%) $1,609,801 (3.4%) 1.77 2,467
2022-09-01 $778,950 (17.0%) $1,625,772 (0.7%) 1.82 2,347
2022-10-01 $795,000 (13.6%) $1,673,020 (-0.9%) 1.87 2,379
2022-11-01 $799,000 (9.7%) $1,765,838 (-1.2%) 1.92 2,655
2022-12-01 $811,139 (9.3%) $1,827,719 (-0.9%) 2.00 2,765
2023-01-01 $850,950 (10.6%) $1,907,779 (-1.1%) 2.11 2,985
2023-02-01 $879,500 (10.2%) $2,054,097 (4.3%) 2.12 3,141
2023-03-01 $892,000 (11.6%) $2,244,743 (20.4%) 2.10 3,218
2023-04-01 $899,000 (5.8%) $2,280,143 (24.0%) 2.09 3,216
2023-05-01 $899,748 (9.1%) $2,290,211 (31.2%) 2.04 3,131
2023-06-01 $889,950 (11.3%) $2,193,264 (29.6%) 2.00 3,087
2023-07-01 $854,500 (8.2%) $2,157,210 (28.7%) 1.94 2,990
2023-08-01 $845,013 (10.2%) $2,092,003 (30.0%) 1.94 2,886
2023-09-01 $839,900 (7.8%) $2,025,423 (24.6%) 1.96 2,977
2023-10-01 $850,000 (6.9%) $2,003,511 (19.8%) 2.00 3,399
2023-11-01 $854,725 (7.0%) $2,029,371 (14.9%) 2.04 3,974
2023-12-01 $855,000 (5.4%) $2,035,302 (11.4%) 2.09 4,324
2024-01-01 $850,000 (-0.1%) $2,025,147 (6.2%) 2.08 4,839
2024-02-01 $849,950 (-3.4%) $2,057,708 (0.2%) 2.05 5,438
2024-03-01 $849,000 (-4.8%) $2,049,294 (-8.7%) 2.00 5,852
Naples's median listing price for 2024-03-01 was $849,000, a difference of $-43,000 (-4.8%) versus the prior year and $-950 versus the prior month.

Naples's median listing price comes in at 200% of the national average.

Naples's average listing price for 2024-03-01 was $2,049,294, a difference of $-195,449 (-8.7%) versus the prior year and $-8,414 versus the prior month.

For the 2024-03-01 period, Naples had 5,852 MLS listings, a difference of 414 listings (8%) versus the prior month and 2,634 listings (82%) versus the prior year.

Median Listing Time on Market & Square Footage

Realtor.com - Naples (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Time on Market Median Square Footage
2018-01-01 80 days 1,943 sqft
2018-02-01 75 days 1,925 sqft
2018-03-01 73 days 1,910 sqft
2018-04-01 81 days 1,889 sqft
2018-05-01 87 days 1,874 sqft
2018-06-01 96 days 1,883 sqft
2018-07-01 103 days 1,889 sqft
2018-08-01 106 days 1,890 sqft
2018-09-01 107 days 1,884 sqft
2018-10-01 99 days 1,882 sqft
2018-11-01 88 days 1,880 sqft
2018-12-01 86 days 1,869 sqft
2019-01-01 87 days 1,866 sqft
2019-02-01 85 days 1,865 sqft
2019-03-01 85 days 1,865 sqft
2019-04-01 88 days 1,862 sqft
2019-05-01 97 days 1,861 sqft
2019-06-01 102 days 1,868 sqft
2019-07-01 108 days 1,866 sqft
2019-08-01 109 days 1,868 sqft
2019-09-01 106 days 1,868 sqft
2019-10-01 102 days 1,876 sqft
2019-11-01 87 days 1,883 sqft
2019-12-01 85 days 1,880 sqft
2020-01-01 87 days 1,895 sqft
2020-02-01 86 days 1,900 sqft
2020-03-01 80 days 1,900 sqft
2020-04-01 90 days 1,883 sqft
2020-05-01 99 days 1,885 sqft
2020-06-01 107 days 1,882 sqft
2020-07-01 106 days 1,870 sqft
2020-08-01 94 days 1,832 sqft
2020-09-01 94 days 1,833 sqft
2020-10-01 83 days 1,819 sqft
2020-11-01 74 days 1,824 sqft
2020-12-01 74 days 1,802 sqft
2021-01-01 73 days 1,777 sqft
2021-02-01 60 days 1,786 sqft
2021-03-01 49 days 1,833 sqft
2021-04-01 44 days 1,854 sqft
2021-05-01 43 days 1,869 sqft
2021-06-01 44 days 1,922 sqft
2021-07-01 44 days 1,902 sqft
2021-08-01 52 days 1,889 sqft
2021-09-01 57 days 1,924 sqft
2021-10-01 58 days 1,944 sqft
2021-11-01 58 days 2,000 sqft
2021-12-01 50 days 1,988 sqft
2022-01-01 54 days 1,971 sqft
2022-02-01 36 days 1,936 sqft
2022-03-01 30 days 1,915 sqft
2022-04-01 31 days 1,904 sqft
2022-05-01 36 days 1,883 sqft
2022-06-01 40 days 1,881 sqft
2022-07-01 51 days 1,868 sqft
2022-08-01 61 days 1,866 sqft
2022-09-01 69 days 1,879 sqft
2022-10-01 74 days 1,888 sqft
2022-11-01 67 days 1,882 sqft
2022-12-01 65 days 1,894 sqft
2023-01-01 67 days 1,924 sqft
2023-02-01 60 days 1,914 sqft
2023-03-01 54 days 1,921 sqft
2023-04-01 58 days 1,906 sqft
2023-05-01 62 days 1,908 sqft
2023-06-01 67 days 1,871 sqft
2023-07-01 75 days 1,857 sqft
2023-08-01 80 days 1,853 sqft
2023-09-01 75 days 1,848 sqft
2023-10-01 67 days 1,847 sqft
2023-11-01 60 days 1,835 sqft
2023-12-01 65 days 1,820 sqft
2024-01-01 72 days 1,821 sqft
2024-02-01 67 days 1,814 sqft
2024-03-01 64 days 1,819 sqft
Naples's median listing age (time on market) for 2024-03-01 was 64 days. This is 19% longer than the same period one year ago.

Naples's median square footage for active listings during the 2024-03-01 period was 1,819 sqft. One year prior, the average listing was 1,921 sqft.