Olympia USDA Loan Rates, Closing Costs & Stats
OLYMPIA-LACEY-TUMWATER, WA
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.
Olympia's 1 lenders originated 2 USDA loans during 2023. The total origination value was $850,000, with an average USDA loan value of $425,000.
Olympia USDA Loans, 30 Year Fixed Rates
30 Year USDA mortgages in Olympia
averaged
6.33%
for the week of 2024-12-13, compared to the national average (all USDA variants) of
6.303% for the same period.
Olympia's average USDA mortgage closing costs are $7,135.
The average rate for the prior week (2024-12-06) was
6.36% and
one month ago for the week of 2024-11-08, the
average rate was 6.18%.
The average rate one year ago was 6.65%.
For refis of the same type during the week of 2024-12-13, the average rate
was 6.15%.
Olympia 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 Olympia level.
| Name | # of Loans | 2023 Avg. 30yFix Rate | 2023 Avg. Closing Costs |
|---|---|---|---|
| UNITED WHOLESALE MORTGAGE, LLC | 2 | 5.36% | $15,407 |
The lowest fee Olympia USDA lenders (with over 10 loans originated) are
.
The lowest rate Olympia USDA lenders (with over 10 loans originated) are
.
Market Conditions (Median, Average Prices & Listing Count)
Realtor.com - Olympia (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 | $351,868 (17.3%) | $392,814 (11.9%) | 1.30 | 377 |
| 2018-02-01 | $362,221 (11.5%) | $408,388 (11.7%) | 1.32 | 372 |
| 2018-03-01 | $357,425 (5.9%) | $421,339 (13.4%) | 1.25 | 368 |
| 2018-04-01 | $371,738 (9.7%) | $426,456 (11.2%) | 1.26 | 411 |
| 2018-05-01 | $386,975 (13.8%) | $434,337 (9.4%) | 1.29 | 484 |
| 2018-06-01 | $379,950 (12.4%) | $436,651 (10.0%) | 1.27 | 572 |
| 2018-07-01 | $372,495 (14.6%) | $426,636 (9.3%) | 1.24 | 624 |
| 2018-08-01 | $374,990 (17.8%) | $440,441 (15.4%) | 1.26 | 694 |
| 2018-09-01 | $375,000 (16.1%) | $445,474 (14.8%) | 1.26 | 715 |
| 2018-10-01 | $379,925 (13.3%) | $447,496 (13.4%) | 1.29 | 687 |
| 2018-11-01 | $387,475 (14.1%) | $452,453 (14.9%) | 1.31 | 609 |
| 2018-12-01 | $389,000 (11.2%) | $447,883 (15.2%) | 1.34 | 571 |
| 2019-01-01 | $387,448 (10.1%) | $461,031 (17.4%) | 1.34 | 494 |
| 2019-02-01 | $390,858 (7.9%) | $469,921 (15.1%) | 1.32 | 446 |
| 2019-03-01 | $402,849 (12.7%) | $489,587 (16.2%) | 1.32 | 445 |
| 2019-04-01 | $419,995 (13.0%) | $514,402 (20.6%) | 1.33 | 451 |
| 2019-05-01 | $403,236 (4.2%) | $502,176 (15.6%) | 1.26 | 487 |
| 2019-06-01 | $399,900 (5.3%) | $498,602 (14.2%) | 1.25 | 532 |
| 2019-07-01 | $401,925 (7.9%) | $499,197 (17.0%) | 1.26 | 552 |
| 2019-08-01 | $399,655 (6.6%) | $496,704 (12.8%) | 1.27 | 563 |
| 2019-09-01 | $399,286 (6.5%) | $494,496 (11.0%) | 1.28 | 587 |
| 2019-10-01 | $399,000 (5.0%) | $491,741 (9.9%) | 1.29 | 602 |
| 2019-11-01 | $399,000 (3.0%) | $489,910 (8.3%) | 1.31 | 554 |
| 2019-12-01 | $397,000 (2.1%) | $499,188 (11.5%) | 1.32 | 403 |
| 2020-01-01 | $404,688 (4.5%) | $521,664 (13.2%) | 1.35 | 324 |
| 2020-02-01 | $389,425 (-0.4%) | $495,222 (5.4%) | 1.27 | 354 |
| 2020-03-01 | $379,500 (-5.8%) | $488,542 (-0.2%) | 1.19 | 405 |
| 2020-04-01 | $397,000 (-5.5%) | $496,947 (-3.4%) | 1.24 | 426 |
| 2020-05-01 | $409,900 (1.7%) | $512,276 (2.0%) | 1.25 | 440 |
| 2020-06-01 | $407,500 (1.9%) | $514,485 (3.2%) | 1.20 | 420 |
| 2020-07-01 | $399,900 (-0.5%) | $510,022 (2.2%) | 1.16 | 421 |
| 2020-08-01 | $405,000 (1.3%) | $527,675 (6.2%) | 1.16 | 407 |
| 2020-09-01 | $417,500 (4.6%) | $541,091 (9.4%) | 1.20 | 390 |
| 2020-10-01 | $414,950 (4.0%) | $542,562 (10.3%) | 1.19 | 376 |
| 2020-11-01 | $449,950 (12.8%) | $622,000 (27.0%) | 1.32 | 198 |
| 2020-12-01 | $439,969 (10.8%) | $645,786 (29.4%) | 1.31 | 176 |
| 2021-01-01 | $463,000 (14.4%) | $652,206 (25.0%) | 1.38 | 159 |
| 2021-02-01 | $449,500 (15.4%) | $634,027 (28.0%) | 1.31 | 143 |
| 2021-03-01 | $434,350 (14.5%) | $608,676 (24.6%) | 1.23 | 170 |
| 2021-04-01 | $447,463 (12.7%) | $585,324 (17.8%) | 1.21 | 187 |
| 2021-05-01 | $462,500 (12.8%) | $592,604 (15.7%) | 1.23 | 228 |
| 2021-06-01 | $479,495 (17.7%) | $591,387 (15.0%) | 1.26 | 240 |
| 2021-07-01 | $470,000 (17.5%) | $580,832 (13.9%) | 1.24 | 259 |
| 2021-08-01 | $487,250 (20.3%) | $580,804 (10.1%) | 1.30 | 303 |
| 2021-09-01 | $497,000 (19.0%) | $588,718 (8.8%) | 1.33 | 293 |
| 2021-10-01 | $490,000 (18.1%) | $585,659 (7.9%) | 1.31 | 296 |
| 2021-11-01 | $492,450 (9.5%) | $591,108 (-5.0%) | 1.32 | 217 |
| 2021-12-01 | $493,500 (12.2%) | $601,189 (-6.9%) | 1.34 | 179 |
| 2022-01-01 | $489,999 (5.8%) | $595,582 (-8.7%) | 1.32 | 123 |
| 2022-02-01 | $506,988 (12.8%) | $621,090 (-2.0%) | 1.32 | 129 |
| 2022-03-01 | $499,950 (15.1%) | $624,510 (2.6%) | 1.25 | 134 |
| 2022-04-01 | $519,990 (16.2%) | $634,480 (8.4%) | 1.24 | 181 |
| 2022-05-01 | $549,575 (18.8%) | $660,430 (11.5%) | 1.26 | 277 |
| 2022-06-01 | $548,700 (14.4%) | $664,153 (12.3%) | 1.22 | 392 |
| 2022-07-01 | $549,000 (16.8%) | $648,460 (11.6%) | 1.24 | 525 |
| 2022-08-01 | $548,425 (12.6%) | $643,111 (10.7%) | 1.27 | 566 |
| 2022-09-01 | $542,495 (9.2%) | $629,446 (6.9%) | 1.27 | 534 |
| 2022-10-01 | $549,975 (12.2%) | $630,326 (7.6%) | 1.29 | 515 |
| 2022-11-01 | $536,575 (9.0%) | $627,881 (6.2%) | 1.29 | 506 |
| 2022-12-01 | $545,000 (10.4%) | $627,715 (4.4%) | 1.35 | 460 |
| 2023-01-01 | $548,500 (11.9%) | $682,794 (14.6%) | 1.36 | 378 |
| 2023-02-01 | $537,469 (6.0%) | $684,504 (10.2%) | 1.30 | 297 |
| 2023-03-01 | $533,500 (6.7%) | $696,507 (11.5%) | 1.26 | 263 |
| 2023-04-01 | $552,495 (6.3%) | $726,345 (14.5%) | 1.28 | 239 |
| 2023-05-01 | $569,900 (3.7%) | $728,612 (10.3%) | 1.29 | 283 |
| 2023-06-01 | $552,238 (0.6%) | $695,273 (4.7%) | 1.24 | 326 |
| 2023-07-01 | $579,450 (5.6%) | $716,295 (10.5%) | 1.32 | 360 |
| 2023-08-01 | $577,583 (5.3%) | $722,106 (12.3%) | 1.33 | 401 |
| 2023-09-01 | $576,550 (6.3%) | $721,506 (14.6%) | 1.34 | 406 |
| 2023-10-01 | $582,200 (5.9%) | $733,089 (16.3%) | 1.37 | 408 |
| 2023-11-01 | $575,000 (7.2%) | $746,524 (18.9%) | 1.37 | 473 |
| 2023-12-01 | $568,000 (4.2%) | $754,473 (20.2%) | 1.39 | 391 |
| 2024-01-01 | $558,199 (1.8%) | $743,630 (8.9%) | 1.36 | 344 |
| 2024-02-01 | $569,998 (6.1%) | $747,227 (9.2%) | 1.37 | 336 |
| 2024-03-01 | $556,200 (4.3%) | $731,502 (5.0%) | 1.31 | 356 |
| 2024-04-01 | $559,495 (1.3%) | $690,645 (-4.9%) | 1.30 | 388 |
| 2024-05-01 | $585,612 (2.8%) | $716,277 (-1.7%) | 1.32 | 489 |
| 2024-06-01 | $599,900 (8.6%) | $749,246 (7.8%) | 1.35 | 498 |
| 2024-07-01 | $592,000 (2.2%) | $714,567 (-0.2%) | 1.35 | 564 |
| 2024-08-01 | $585,000 (1.3%) | $693,798 (-3.9%) | 1.36 | 567 |
| 2024-09-01 | $584,975 (1.5%) | $691,900 (-4.1%) | 1.38 | 545 |
| 2024-10-01 | $582,216 (0.0%) | $695,230 (-5.2%) | 1.37 | 536 |
| 2024-11-01 | $589,450 (2.5%) | $697,338 (-6.6%) | 1.41 | 488 |
Olympia's median listing price comes in at 141% of the national average.
Olympia's average listing price for 2024-11-01 was $697,338, a difference of $-49,186 (-6.6%) versus the prior year and $2,108 versus the prior month.
For the 2024-11-01 period, Olympia had 488 MLS listings, a difference of -48 listings (-9%) versus the prior month and 15 listings (3%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Olympia (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis| Date | Median Listing Time on Market | Median Square Footage |
|---|---|---|
| 2018-01-01 | 61 days | 2,095 sqft |
| 2018-02-01 | 38 days | 2,132 sqft |
| 2018-03-01 | 33 days | 2,140 sqft |
| 2018-04-01 | 30 days | 2,187 sqft |
| 2018-05-01 | 26 days | 2,200 sqft |
| 2018-06-01 | 32 days | 2,221 sqft |
| 2018-07-01 | 31 days | 2,199 sqft |
| 2018-08-01 | 34 days | 2,204 sqft |
| 2018-09-01 | 39 days | 2,152 sqft |
| 2018-10-01 | 43 days | 2,170 sqft |
| 2018-11-01 | 50 days | 2,189 sqft |
| 2018-12-01 | 61 days | 2,175 sqft |
| 2019-01-01 | 65 days | 2,151 sqft |
| 2019-02-01 | 62 days | 2,163 sqft |
| 2019-03-01 | 41 days | 2,209 sqft |
| 2019-04-01 | 30 days | 2,259 sqft |
| 2019-05-01 | 27 days | 2,171 sqft |
| 2019-06-01 | 31 days | 2,160 sqft |
| 2019-07-01 | 34 days | 2,155 sqft |
| 2019-08-01 | 38 days | 2,097 sqft |
| 2019-09-01 | 42 days | 2,085 sqft |
| 2019-10-01 | 45 days | 2,057 sqft |
| 2019-11-01 | 51 days | 2,034 sqft |
| 2019-12-01 | 51 days | 2,015 sqft |
| 2020-01-01 | 51 days | 2,013 sqft |
| 2020-02-01 | 30 days | 1,972 sqft |
| 2020-03-01 | 27 days | 1,886 sqft |
| 2020-04-01 | 32 days | 1,926 sqft |
| 2020-05-01 | 36 days | 1,983 sqft |
| 2020-06-01 | 32 days | 2,021 sqft |
| 2020-07-01 | 24 days | 1,997 sqft |
| 2020-08-01 | 25 days | 2,008 sqft |
| 2020-09-01 | 28 days | 2,014 sqft |
| 2020-10-01 | 31 days | 1,942 sqft |
| 2020-11-01 | 39 days | 2,027 sqft |
| 2020-12-01 | 39 days | 1,944 sqft |
| 2021-01-01 | 37 days | 1,970 sqft |
| 2021-02-01 | 29 days | 1,900 sqft |
| 2021-03-01 | 23 days | 1,830 sqft |
| 2021-04-01 | 25 days | 1,836 sqft |
| 2021-05-01 | 12 days | 1,862 sqft |
| 2021-06-01 | 15 days | 1,937 sqft |
| 2021-07-01 | 25 days | 1,960 sqft |
| 2021-08-01 | 19 days | 2,026 sqft |
| 2021-09-01 | 29 days | 2,033 sqft |
| 2021-10-01 | 29 days | 1,908 sqft |
| 2021-11-01 | 36 days | 1,855 sqft |
| 2021-12-01 | 38 days | 1,914 sqft |
| 2022-01-01 | 38 days | 1,855 sqft |
| 2022-02-01 | 19 days | 1,907 sqft |
| 2022-03-01 | 26 days | 1,888 sqft |
| 2022-04-01 | 16 days | 1,950 sqft |
| 2022-05-01 | 16 days | 1,976 sqft |
| 2022-06-01 | 17 days | 2,028 sqft |
| 2022-07-01 | 26 days | 2,020 sqft |
| 2022-08-01 | 35 days | 2,020 sqft |
| 2022-09-01 | 39 days | 2,026 sqft |
| 2022-10-01 | 44 days | 2,051 sqft |
| 2022-11-01 | 49 days | 2,002 sqft |
| 2022-12-01 | 60 days | 2,000 sqft |
| 2023-01-01 | 69 days | 2,048 sqft |
| 2023-02-01 | 70 days | 2,025 sqft |
| 2023-03-01 | 49 days | 2,118 sqft |
| 2023-04-01 | 33 days | 2,154 sqft |
| 2023-05-01 | 30 days | 2,127 sqft |
| 2023-06-01 | 30 days | 2,080 sqft |
| 2023-07-01 | 34 days | 2,113 sqft |
| 2023-08-01 | 35 days | 2,142 sqft |
| 2023-09-01 | 41 days | 2,168 sqft |
| 2023-10-01 | 45 days | 2,199 sqft |
| 2023-11-01 | 51 days | 2,189 sqft |
| 2023-12-01 | 58 days | 2,120 sqft |
| 2024-01-01 | 70 days | 2,040 sqft |
| 2024-02-01 | 40 days | 1,980 sqft |
| 2024-03-01 | 39 days | 1,948 sqft |
| 2024-04-01 | 35 days | 1,998 sqft |
| 2024-05-01 | 24 days | 2,053 sqft |
| 2024-06-01 | 30 days | 2,094 sqft |
| 2024-07-01 | 37 days | 2,117 sqft |
| 2024-08-01 | 44 days | 2,107 sqft |
| 2024-09-01 | 47 days | 2,062 sqft |
| 2024-10-01 | 48 days | 2,055 sqft |
| 2024-11-01 | 48 days | 2,099 sqft |
Olympia's median square footage for active listings during the 2024-11-01 period was 2,099 sqft. One year prior, the average listing was 2,189 sqft.