Odessa USDA Loan Rates, Closing Costs & Stats

ODESSA, TX

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.

Odessa USDA Loans, 30 Year Fixed Rates

30 Year USDA mortgages in Odessa averaged -0.26% for the week of 2024-02-23, compared to the national average (all USDA variants) of 0% for the same period.

Odessa's average USDA mortgage closing costs are $8,371.

The average rate for the prior week (2024-02-16) was 6.42% and one month ago for the week of 2024-01-19, the average rate was 6.2%.

The average rate one year ago was 6.11%.

For refis of the same type during the week of 2024-02-23, the average rate was -1.38%.

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

Odessa 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 Odessa level.

Name # of Loans 2022 Avg. 30yFix Rate 2022 Avg. Closing Costs

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

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


Market Conditions (Median, Average Prices & Listing Count)

Realtor.com - Odessa (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 $199,450 (14.0%) $286,748 (14.1%) 0.74 217
2018-02-01 $200,950 (12.2%) $321,187 (25.9%) 0.73 184
2018-03-01 $210,000 (12.1%) $332,626 (31.2%) 0.74 163
2018-04-01 $229,250 (22.0%) $347,549 (41.3%) 0.78 159
2018-05-01 $235,000 (23.8%) $348,535 (37.8%) 0.78 184
2018-06-01 $250,000 (31.7%) $409,745 (57.9%) 0.85 162
2018-07-01 $254,500 (34.0%) $394,298 (54.0%) 0.86 176
2018-08-01 $248,200 (29.6%) $381,978 (41.4%) 0.83 184
2018-09-01 $252,500 (31.2%) $379,235 (39.5%) 0.85 195
2018-10-01 $249,000 (31.6%) $361,344 (31.5%) 0.84 212
2018-11-01 $249,900 (25.0%) $342,633 (22.2%) 0.85 219
2018-12-01 $256,500 (28.4%) $348,719 (22.3%) 0.88 206
2019-01-01 $245,750 (23.2%) $319,062 (11.3%) 0.85 200
2019-02-01 $249,675 (24.3%) $329,387 (2.6%) 0.84 192
2019-03-01 $262,500 (25.0%) $348,854 (4.9%) 0.86 173
2019-04-01 $284,925 (24.3%) $362,494 (4.3%) 0.90 156
2019-05-01 $277,000 (17.9%) $362,614 (4.0%) 0.87 172
2019-06-01 $279,450 (11.8%) $357,821 (-12.7%) 0.87 203
2019-07-01 $275,000 (8.1%) $360,302 (-8.6%) 0.86 236
2019-08-01 $270,882 (9.1%) $352,737 (-7.7%) 0.86 261
2019-09-01 $264,705 (4.8%) $337,862 (-10.9%) 0.85 298
2019-10-01 $262,361 (5.4%) $328,569 (-9.1%) 0.85 329
2019-11-01 $264,950 (6.0%) $332,003 (-3.1%) 0.87 327
2019-12-01 $250,000 (-2.5%) $325,383 (-6.7%) 0.83 299
2020-01-01 $249,950 (1.7%) $327,025 (2.5%) 0.84 301
2020-02-01 $259,950 (4.1%) $319,141 (-3.1%) 0.85 294
2020-03-01 $263,750 (0.5%) $316,872 (-9.2%) 0.83 315
2020-04-01 $254,925 (-10.5%) $316,362 (-12.7%) 0.80 359
2020-05-01 $259,900 (-6.2%) $313,932 (-13.4%) 0.79 374
2020-06-01 $264,675 (-5.3%) $337,862 (-5.6%) 0.78 385
2020-07-01 $259,950 (-5.5%) $342,261 (-5.0%) 0.75 407
2020-08-01 $259,900 (-4.1%) $335,929 (-4.8%) 0.74 432
2020-09-01 $247,300 (-6.6%) $318,122 (-5.8%) 0.71 453
2020-10-01 $239,000 (-8.9%) $307,701 (-6.4%) 0.68 473
2020-11-01 $230,000 (-13.2%) $294,973 (-11.2%) 0.67 532
2020-12-01 $229,948 (-8.0%) $299,410 (-8.0%) 0.68 546
2021-01-01 $225,000 (-10.0%) $286,597 (-12.4%) 0.67 537
2021-02-01 $225,000 (-13.4%) $285,041 (-10.7%) 0.66 546
2021-03-01 $229,000 (-13.2%) $291,652 (-8.0%) 0.65 549
2021-04-01 $238,188 (-6.6%) $290,984 (-8.0%) 0.64 535
2021-05-01 $239,000 (-8.0%) $296,616 (-5.5%) 0.64 530
2021-06-01 $234,725 (-11.3%) $292,443 (-13.4%) 0.62 520
2021-07-01 $238,000 (-8.4%) $302,335 (-11.7%) 0.63 537
2021-08-01 $236,500 (-9.0%) $308,262 (-8.2%) 0.63 551
2021-09-01 $237,450 (-4.0%) $307,285 (-3.4%) 0.63 558
2021-10-01 $230,000 (-3.8%) $302,659 (-1.6%) 0.61 520
2021-11-01 $232,425 (1.1%) $289,794 (-1.8%) 0.62 538
2021-12-01 $227,875 (-0.9%) $290,573 (-3.0%) 0.61 499
2022-01-01 $232,450 (3.3%) $303,937 (6.1%) 0.62 442
2022-02-01 $242,475 (7.8%) $311,338 (9.2%) 0.62 413
2022-03-01 $247,975 (8.3%) $309,755 (6.2%) 0.61 380
2022-04-01 $260,000 (9.2%) $324,323 (11.5%) 0.61 375
2022-05-01 $256,875 (7.5%) $329,106 (11.0%) 0.59 406
2022-06-01 $257,175 (9.6%) $322,473 (10.3%) 0.57 459
2022-07-01 $259,900 (9.2%) $319,527 (5.7%) 0.59 482
2022-08-01 $257,038 (8.7%) $323,623 (5.0%) 0.60 497
2022-09-01 $262,325 (10.5%) $331,462 (7.9%) 0.61 487
2022-10-01 $255,000 (10.9%) $324,777 (7.3%) 0.60 496
2022-11-01 $257,000 (10.6%) $320,905 (10.7%) 0.62 477
2022-12-01 $260,000 (14.1%) $315,831 (8.7%) 0.64 432
2023-01-01 $264,569 (13.8%) $313,483 (3.1%) 0.66 393
2023-02-01 $258,975 (6.8%) $330,513 (6.2%) 0.63 370
2023-03-01 $268,500 (8.3%) $339,888 (9.7%) 0.63 330
2023-04-01 $276,000 (6.2%) $343,874 (6.0%) 0.64 315
2023-05-01 $289,500 (12.7%) $351,356 (6.8%) 0.66 301
2023-06-01 $285,500 (11.0%) $346,067 (7.3%) 0.64 313
2023-07-01 $279,900 (7.7%) $337,645 (5.7%) 0.64 303
2023-08-01 $285,000 (10.9%) $336,561 (4.0%) 0.65 302
2023-09-01 $285,000 (8.6%) $335,721 (1.3%) 0.66 299
2023-10-01 $297,000 (16.5%) $341,076 (5.0%) 0.70 322
2023-11-01 $299,950 (16.7%) $349,170 (8.8%) 0.71 320
2023-12-01 $301,090 (15.8%) $367,460 (16.4%) 0.00 294
Odessa's median listing price for 2023-12-01 was $301,090, a difference of $41,090 (15.8%) versus the prior year and $1,140 versus the prior month.

Odessa's median listing price comes in at 0% of the national average.

Odessa's average listing price for 2023-12-01 was $367,460, a difference of $51,629 (16.4%) versus the prior year and $18,290 versus the prior month.

For the 2023-12-01 period, Odessa had 294 MLS listings, a difference of -26 listings (-8%) versus the prior month and -138 listings (-32%) versus the prior year.

Median Listing Time on Market & Square Footage

Realtor.com - Odessa (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Time on Market Median Square Footage
2018-01-01 62 days 1,893 sqft
2018-02-01 56 days 1,983 sqft
2018-03-01 32 days 1,984 sqft
2018-04-01 31 days 2,043 sqft
2018-05-01 26 days 2,097 sqft
2018-06-01 42 days 2,139 sqft
2018-07-01 39 days 2,075 sqft
2018-08-01 40 days 2,058 sqft
2018-09-01 38 days 2,061 sqft
2018-10-01 36 days 2,032 sqft
2018-11-01 37 days 2,027 sqft
2018-12-01 49 days 2,041 sqft
2019-01-01 51 days 2,038 sqft
2019-02-01 42 days 2,029 sqft
2019-03-01 33 days 2,103 sqft
2019-04-01 29 days 2,209 sqft
2019-05-01 33 days 2,161 sqft
2019-06-01 34 days 2,165 sqft
2019-07-01 34 days 2,168 sqft
2019-08-01 38 days 2,111 sqft
2019-09-01 40 days 2,046 sqft
2019-10-01 42 days 2,009 sqft
2019-11-01 53 days 2,067 sqft
2019-12-01 73 days 2,051 sqft
2020-01-01 73 days 1,979 sqft
2020-02-01 61 days 1,981 sqft
2020-03-01 47 days 1,999 sqft
2020-04-01 48 days 1,996 sqft
2020-05-01 57 days 1,951 sqft
2020-06-01 54 days 1,996 sqft
2020-07-01 55 days 1,989 sqft
2020-08-01 49 days 1,943 sqft
2020-09-01 51 days 1,872 sqft
2020-10-01 55 days 1,847 sqft
2020-11-01 53 days 1,827 sqft
2020-12-01 64 days 1,823 sqft
2021-01-01 74 days 1,782 sqft
2021-02-01 69 days 1,805 sqft
2021-03-01 61 days 1,821 sqft
2021-04-01 57 days 1,856 sqft
2021-05-01 57 days 1,873 sqft
2021-06-01 58 days 1,817 sqft
2021-07-01 57 days 1,800 sqft
2021-08-01 60 days 1,832 sqft
2021-09-01 64 days 1,850 sqft
2021-10-01 67 days 1,824 sqft
2021-11-01 70 days 1,844 sqft
2021-12-01 71 days 1,832 sqft
2022-01-01 72 days 1,853 sqft
2022-02-01 63 days 1,866 sqft
2022-03-01 46 days 1,839 sqft
2022-04-01 45 days 1,840 sqft
2022-05-01 44 days 1,822 sqft
2022-06-01 42 days 1,818 sqft
2022-07-01 44 days 1,872 sqft
2022-08-01 53 days 1,870 sqft
2022-09-01 59 days 1,892 sqft
2022-10-01 60 days 1,839 sqft
2022-11-01 63 days 1,879 sqft
2022-12-01 73 days 1,896 sqft
2023-01-01 69 days 1,867 sqft
2023-02-01 50 days 1,885 sqft
2023-03-01 51 days 1,916 sqft
2023-04-01 50 days 1,978 sqft
2023-05-01 46 days 2,018 sqft
2023-06-01 46 days 2,022 sqft
2023-07-01 53 days 2,020 sqft
2023-08-01 49 days 2,053 sqft
2023-09-01 50 days 2,052 sqft
2023-10-01 49 days 2,033 sqft
2023-11-01 49 days 2,032 sqft
2023-12-01 0 days 2,070 sqft
Odessa's median listing age (time on market) for 2023-12-01 was 0 days. This is -100% shorter than the same period one year ago.

Odessa's median square footage for active listings during the 2023-12-01 period was 2,070 sqft. One year prior, the average listing was 1,896 sqft.