Ocean City USDA Loan Rates, Closing Costs & Stats
OCEAN CITY, NJ
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.
Ocean City's 0 lenders originated 1 USDA loans during 2024. The total origination value was $205,000, with an average USDA loan value of $205,000.
Ocean City USDA Loans, 30 Year Fixed Rates
30 Year USDA mortgages in Ocean City
averaged
6.83%
for the week of 2025-07-11, compared to the national average (all USDA variants) of
6.449% for the same period.
Ocean City's average USDA mortgage closing costs are $5,883.
The average rate for the prior week (2025-07-04) was
6.74% and
one month ago for the week of 2025-06-06, the
average rate was 6.94%.
The average rate one year ago was 7.12%.
For refis of the same type during the week of 2025-07-11, the average rate
was 6.47%.
Ocean City 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 Ocean City level.
| Name | # of Loans | 2024 Avg. 30yFix Rate | 2024 Avg. Closing Costs |
|---|
The lowest fee Ocean City USDA lenders (with over 10 loans originated) are
.
The lowest rate Ocean City USDA lenders (with over 10 loans originated) are
.
Market Conditions (Median, Average Prices & Listing Count)
Realtor.com - Ocean City (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 | $399,900 (2.8%) | $686,088 (11.8%) | 0.00 | 2,141 |
| 2018-02-01 | $412,225 (3.3%) | $699,840 (10.6%) | 0.00 | 2,230 |
| 2018-03-01 | $415,000 (4.0%) | $709,696 (11.1%) | 0.00 | 2,230 |
| 2018-04-01 | $419,450 (7.6%) | $718,298 (11.8%) | 0.00 | 2,209 |
| 2018-05-01 | $404,500 (3.7%) | $711,945 (9.6%) | 0.00 | 2,217 |
| 2018-06-01 | $413,250 (5.1%) | $727,118 (10.1%) | 0.00 | 2,164 |
| 2018-07-01 | $411,850 (5.6%) | $744,041 (11.1%) | 0.00 | 2,129 |
| 2018-08-01 | $408,500 (7.5%) | $754,201 (12.3%) | 0.00 | 2,153 |
| 2018-09-01 | $414,950 (6.4%) | $746,821 (11.7%) | 0.00 | 2,178 |
| 2018-10-01 | $419,450 (5.1%) | $754,753 (11.2%) | 0.00 | 2,183 |
| 2018-11-01 | $423,725 (6.3%) | $749,974 (10.4%) | 0.00 | 2,191 |
| 2018-12-01 | $425,000 (6.5%) | $750,991 (11.1%) | 0.00 | 2,126 |
| 2019-01-01 | $428,075 (7.1%) | $756,698 (10.3%) | 0.00 | 2,046 |
| 2019-02-01 | $441,950 (7.2%) | $767,394 (9.7%) | 0.00 | 2,135 |
| 2019-03-01 | $440,657 (6.2%) | $760,432 (7.2%) | 0.00 | 2,189 |
| 2019-04-01 | $435,000 (3.7%) | $747,706 (4.1%) | 0.00 | 2,215 |
| 2019-05-01 | $433,625 (7.2%) | $739,312 (3.8%) | 0.00 | 2,186 |
| 2019-06-01 | $448,500 (8.5%) | $741,204 (1.9%) | 0.00 | 2,124 |
| 2019-07-01 | $449,000 (9.0%) | $759,867 (2.1%) | 0.00 | 2,050 |
| 2019-08-01 | $449,000 (9.9%) | $766,728 (1.7%) | 0.00 | 2,016 |
| 2019-09-01 | $449,000 (8.2%) | $763,597 (2.3%) | 0.00 | 1,988 |
| 2019-10-01 | $454,000 (8.2%) | $766,251 (1.5%) | 0.00 | 1,965 |
| 2019-11-01 | $474,900 (12.1%) | $781,297 (4.2%) | 0.00 | 1,875 |
| 2019-12-01 | $474,900 (11.7%) | $785,720 (4.6%) | 0.00 | 1,756 |
| 2020-01-01 | $479,900 (12.1%) | $1,030,324 (36.2%) | 0.00 | 1,686 |
| 2020-02-01 | $485,000 (9.7%) | $1,053,221 (37.3%) | 0.00 | 1,697 |
| 2020-03-01 | $494,500 (12.2%) | $823,625 (8.3%) | 0.00 | 1,680 |
| 2020-04-01 | $499,000 (14.7%) | $821,888 (9.9%) | 0.00 | 1,644 |
| 2020-05-01 | $499,000 (15.1%) | $829,298 (12.2%) | 0.00 | 1,570 |
| 2020-06-01 | $512,500 (14.3%) | $911,443 (23.0%) | 0.00 | 1,406 |
| 2020-07-01 | $499,950 (11.4%) | $927,433 (22.1%) | 0.00 | 1,196 |
| 2020-08-01 | $495,000 (10.2%) | $901,556 (17.6%) | 0.00 | 1,115 |
| 2020-09-01 | $522,400 (16.4%) | $891,758 (16.8%) | 0.00 | 1,088 |
| 2020-10-01 | $529,000 (16.5%) | $910,487 (18.8%) | 0.00 | 1,044 |
| 2020-11-01 | $549,675 (15.8%) | $936,363 (19.9%) | 0.00 | 962 |
| 2020-12-01 | $552,250 (16.3%) | $938,647 (19.5%) | 0.00 | 881 |
| 2021-01-01 | $559,000 (16.5%) | $944,565 (-8.3%) | 0.00 | 749 |
| 2021-02-01 | $594,450 (22.6%) | $1,042,501 (-1.0%) | 0.00 | 602 |
| 2021-03-01 | $649,725 (31.4%) | $1,085,558 (31.8%) | 0.00 | 609 |
| 2021-04-01 | $649,950 (30.3%) | $1,166,510 (41.9%) | 0.00 | 654 |
| 2021-05-01 | $675,000 (35.3%) | $1,183,157 (42.7%) | 0.00 | 652 |
| 2021-06-01 | $659,900 (28.8%) | $1,144,741 (25.6%) | 0.00 | 740 |
| 2021-07-01 | $619,000 (23.8%) | $1,083,934 (16.9%) | 0.00 | 768 |
| 2021-08-01 | $626,973 (26.7%) | $1,084,223 (20.3%) | 0.00 | 851 |
| 2021-09-01 | $599,943 (14.8%) | $1,048,410 (17.6%) | 0.00 | 913 |
| 2021-10-01 | $649,000 (22.7%) | $1,077,306 (18.3%) | 0.00 | 888 |
| 2021-11-01 | $695,000 (26.4%) | $1,143,238 (22.1%) | 0.00 | 812 |
| 2021-12-01 | $677,450 (22.7%) | $1,140,091 (21.5%) | 0.00 | 750 |
| 2022-01-01 | $689,000 (23.3%) | $1,188,813 (25.9%) | 0.00 | 615 |
| 2022-02-01 | $738,000 (24.2%) | $1,257,453 (20.6%) | 0.00 | 563 |
| 2022-03-01 | $767,950 (18.2%) | $1,294,309 (19.2%) | 0.00 | 545 |
| 2022-04-01 | $792,500 (21.9%) | $1,373,419 (17.7%) | 0.00 | 576 |
| 2022-05-01 | $797,450 (18.1%) | $1,378,253 (16.5%) | 0.00 | 684 |
| 2022-06-01 | $775,000 (17.4%) | $1,371,150 (19.8%) | 0.00 | 758 |
| 2022-07-01 | $724,900 (17.1%) | $1,301,540 (20.1%) | 0.00 | 863 |
| 2022-08-01 | $746,550 (19.1%) | $1,333,912 (23.0%) | 0.00 | 874 |
| 2022-09-01 | $794,500 (32.4%) | $1,331,001 (27.0%) | 0.00 | 884 |
| 2022-10-01 | $799,900 (23.3%) | $1,342,416 (24.6%) | 0.00 | 913 |
| 2022-11-01 | $799,950 (15.1%) | $1,370,826 (19.9%) | 0.00 | 899 |
| 2022-12-01 | $824,900 (21.8%) | $1,361,256 (19.4%) | 0.00 | 834 |
| 2023-01-01 | $835,000 (21.2%) | $1,421,437 (19.6%) | 0.00 | 769 |
| 2023-02-01 | $889,500 (20.5%) | $1,458,037 (16.0%) | 0.00 | 753 |
| 2023-03-01 | $899,000 (17.1%) | $1,514,079 (17.0%) | 0.00 | 737 |
| 2023-04-01 | $899,000 (13.4%) | $1,520,524 (10.7%) | 0.00 | 714 |
| 2023-05-01 | $935,750 (17.3%) | $1,568,262 (13.8%) | 0.00 | 702 |
| 2023-06-01 | $962,991 (24.3%) | $1,650,580 (20.4%) | 0.00 | 702 |
| 2023-07-01 | $974,450 (34.4%) | $1,683,743 (29.4%) | 0.00 | 711 |
| 2023-08-01 | $994,000 (33.2%) | $1,734,322 (30.0%) | 0.00 | 690 |
| 2023-09-01 | $950,000 (19.6%) | $1,710,854 (28.5%) | 0.00 | 725 |
| 2023-10-01 | $926,450 (15.8%) | $1,607,532 (19.8%) | 0.00 | 784 |
| 2023-11-01 | $884,112 (10.5%) | $1,552,095 (13.2%) | 0.00 | 805 |
| 2023-12-01 | $900,000 (9.1%) | $1,565,212 (15.0%) | 0.00 | 775 |
| 2024-01-01 | $924,975 (10.8%) | $1,571,207 (10.5%) | 0.00 | 705 |
| 2024-02-01 | $899,900 (1.2%) | $1,579,666 (8.3%) | 0.00 | 729 |
| 2024-03-01 | $919,450 (2.3%) | $1,632,957 (7.9%) | 0.00 | 794 |
| 2024-04-01 | $949,000 (5.6%) | $1,667,846 (9.7%) | 0.00 | 814 |
| 2024-05-01 | $973,500 (4.0%) | $1,668,007 (6.4%) | 0.00 | 827 |
| 2024-06-01 | $939,900 (-2.4%) | $1,678,984 (1.7%) | 0.00 | 866 |
| 2024-07-01 | $924,450 (-5.1%) | $1,698,393 (0.9%) | 0.00 | 842 |
| 2024-08-01 | $899,900 (-9.5%) | $1,747,280 (0.8%) | 0.00 | 822 |
| 2024-09-01 | $899,000 (-5.4%) | $1,684,323 (-1.6%) | 0.00 | 872 |
| 2024-10-01 | $891,694 (-3.8%) | $1,606,299 (-0.1%) | 0.00 | 903 |
| 2024-11-01 | $869,000 (-1.7%) | $1,575,477 (1.5%) | 0.00 | 897 |
| 2024-12-01 | $862,500 (-4.2%) | $1,532,753 (-2.1%) | 0.00 | 812 |
Ocean City's median listing price comes in at 0% of the national average.
Ocean City's average listing price for 2024-12-01 was $1,532,753, a difference of $-32,459 (-2.1%) versus the prior year and $-42,724 versus the prior month.
For the 2024-12-01 period, Ocean City had 812 MLS listings, a difference of -85 listings (-9%) versus the prior month and 37 listings (5%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Ocean City (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis| Date | Median Listing Time on Market | Median Square Footage |
|---|---|---|
| 2018-01-01 | 0 days | 1,590 sqft |
| 2018-02-01 | 0 days | 1,590 sqft |
| 2018-03-01 | 0 days | 1,592 sqft |
| 2018-04-01 | 0 days | 1,600 sqft |
| 2018-05-01 | 0 days | 1,592 sqft |
| 2018-06-01 | 0 days | 1,600 sqft |
| 2018-07-01 | 0 days | 1,600 sqft |
| 2018-08-01 | 0 days | 1,600 sqft |
| 2018-09-01 | 0 days | 1,580 sqft |
| 2018-10-01 | 0 days | 1,577 sqft |
| 2018-11-01 | 0 days | 1,567 sqft |
| 2018-12-01 | 0 days | 1,564 sqft |
| 2019-01-01 | 0 days | 1,567 sqft |
| 2019-02-01 | 0 days | 1,549 sqft |
| 2019-03-01 | 0 days | 1,520 sqft |
| 2019-04-01 | 0 days | 1,520 sqft |
| 2019-05-01 | 0 days | 1,527 sqft |
| 2019-06-01 | 0 days | 1,560 sqft |
| 2019-07-01 | 0 days | 1,578 sqft |
| 2019-08-01 | 0 days | 1,592 sqft |
| 2019-09-01 | 0 days | 1,606 sqft |
| 2019-10-01 | 0 days | 1,615 sqft |
| 2019-11-01 | 0 days | 1,622 sqft |
| 2019-12-01 | 0 days | 1,601 sqft |
| 2020-01-01 | 0 days | 1,600 sqft |
| 2020-02-01 | 0 days | 1,615 sqft |
| 2020-03-01 | 0 days | 1,656 sqft |
| 2020-04-01 | 0 days | 1,679 sqft |
| 2020-05-01 | 0 days | 1,700 sqft |
| 2020-06-01 | 0 days | 1,732 sqft |
| 2020-07-01 | 0 days | 1,718 sqft |
| 2020-08-01 | 0 days | 1,680 sqft |
| 2020-09-01 | 0 days | 1,601 sqft |
| 2020-10-01 | 0 days | 1,600 sqft |
| 2020-11-01 | 0 days | 1,608 sqft |
| 2020-12-01 | 0 days | 1,629 sqft |
| 2021-01-01 | 0 days | 1,680 sqft |
| 2021-02-01 | 0 days | 1,686 sqft |
| 2021-03-01 | 0 days | 1,585 sqft |
| 2021-04-01 | 0 days | 1,603 sqft |
| 2021-05-01 | 0 days | 1,700 sqft |
| 2021-06-01 | 0 days | 1,658 sqft |
| 2021-07-01 | 0 days | 1,597 sqft |
| 2021-08-01 | 0 days | 1,587 sqft |
| 2021-09-01 | 0 days | 1,550 sqft |
| 2021-10-01 | 0 days | 1,549 sqft |
| 2021-11-01 | 0 days | 1,600 sqft |
| 2021-12-01 | 0 days | 1,600 sqft |
| 2022-01-01 | 0 days | 1,637 sqft |
| 2022-02-01 | 0 days | 1,668 sqft |
| 2022-03-01 | 0 days | 1,720 sqft |
| 2022-04-01 | 0 days | 1,700 sqft |
| 2022-05-01 | 0 days | 1,785 sqft |
| 2022-06-01 | 0 days | 1,736 sqft |
| 2022-07-01 | 0 days | 1,677 sqft |
| 2022-08-01 | 0 days | 1,653 sqft |
| 2022-09-01 | 0 days | 1,699 sqft |
| 2022-10-01 | 0 days | 1,732 sqft |
| 2022-11-01 | 0 days | 1,703 sqft |
| 2022-12-01 | 0 days | 1,640 sqft |
| 2023-01-01 | 0 days | 1,700 sqft |
| 2023-02-01 | 0 days | 1,704 sqft |
| 2023-03-01 | 0 days | 1,717 sqft |
| 2023-04-01 | 0 days | 1,736 sqft |
| 2023-05-01 | 0 days | 1,750 sqft |
| 2023-06-01 | 0 days | 1,734 sqft |
| 2023-07-01 | 0 days | 1,810 sqft |
| 2023-08-01 | 0 days | 1,814 sqft |
| 2023-09-01 | 0 days | 1,734 sqft |
| 2023-10-01 | 0 days | 1,710 sqft |
| 2023-11-01 | 0 days | 1,665 sqft |
| 2023-12-01 | 0 days | 1,710 sqft |
| 2024-01-01 | 0 days | 1,700 sqft |
| 2024-02-01 | 0 days | 1,711 sqft |
| 2024-03-01 | 0 days | 1,702 sqft |
| 2024-04-01 | 0 days | 1,735 sqft |
| 2024-05-01 | 0 days | 1,755 sqft |
| 2024-06-01 | 0 days | 1,786 sqft |
| 2024-07-01 | 0 days | 1,822 sqft |
| 2024-08-01 | 0 days | 1,808 sqft |
| 2024-09-01 | 0 days | 1,753 sqft |
| 2024-10-01 | 0 days | 1,713 sqft |
| 2024-11-01 | 0 days | 1,636 sqft |
| 2024-12-01 | 0 days | 1,610 sqft |
Ocean City's median square footage for active listings during the 2024-12-01 period was 1,610 sqft. One year prior, the average listing was 1,710 sqft.