Naples USDA Loan Rates, Closing Costs & Stats

NAPLES-MARCO ISLAND, 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.

    Naples USDA Loans, 30 Year Fixed Rates

    30 Year USDA mortgages in Naples averaged 6.93% for the week of 2024-04-19, compared to the national average (all USDA variants) of 6.863% for the same period.

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

    The average rate for the prior week (2024-04-12) was 6.48% and one month ago for the week of 2024-03-15, the average rate was 6.67%.

    The average rate one year ago was 6.41%.

    For refis of the same type during the week of 2024-04-19, the average rate was 6.76%.

    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.