Reno USDA Loan Rates, Closing Costs & Stats
RENO, NV
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.
Reno's 0 lenders originated 1 USDA loans during 2023. The total origination value was $285,000, with an average USDA loan value of $285,000.
Reno USDA Loans, 30 Year Fixed Rates
30 Year USDA mortgages in Reno
averaged
6.28%
for the week of 2024-12-13, compared to the national average (all USDA variants) of
6.303% for the same period.
Reno's average USDA mortgage closing costs are $8,078.
The average rate for the prior week (2024-12-06) was
5.92% and
one month ago for the week of 2024-11-08, the
average rate was 6.23%.
The average rate one year ago was 6.4%.
For refis of the same type during the week of 2024-12-13, the average rate
was 6.37%.
Reno 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 Reno level.
| Name | # of Loans | 2023 Avg. 30yFix Rate | 2023 Avg. Closing Costs |
|---|
The lowest fee Reno USDA lenders (with over 10 loans originated) are
.
The lowest rate Reno USDA lenders (with over 10 loans originated) are
.
Market Conditions (Median, Average Prices & Listing Count)
Realtor.com - Reno (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 | $487,175 (13.2%) | $1,196,170 (36.7%) | 1.81 | 804 |
| 2018-02-01 | $490,009 (12.0%) | $1,196,764 (32.2%) | 1.78 | 774 |
| 2018-03-01 | $498,248 (15.1%) | $1,140,870 (29.5%) | 1.75 | 781 |
| 2018-04-01 | $516,782 (18.8%) | $1,134,098 (29.8%) | 1.75 | 859 |
| 2018-05-01 | $487,000 (8.9%) | $1,057,689 (20.9%) | 1.63 | 974 |
| 2018-06-01 | $480,000 (6.5%) | $1,024,597 (17.1%) | 1.60 | 1,087 |
| 2018-07-01 | $469,000 (-0.2%) | $967,089 (-0.9%) | 1.57 | 1,388 |
| 2018-08-01 | $450,000 (-1.9%) | $924,927 (-2.7%) | 1.51 | 1,588 |
| 2018-09-01 | $449,000 (-6.3%) | $891,702 (-9.0%) | 1.51 | 1,715 |
| 2018-10-01 | $429,450 (-8.5%) | $856,172 (-13.5%) | 1.45 | 1,805 |
| 2018-11-01 | $426,450 (-12.5%) | $858,402 (-17.1%) | 1.45 | 1,744 |
| 2018-12-01 | $424,000 (-13.5%) | $861,306 (-20.1%) | 1.46 | 1,639 |
| 2019-01-01 | $427,450 (-12.3%) | $911,122 (-23.8%) | 1.48 | 1,429 |
| 2019-02-01 | $433,633 (-11.5%) | $953,502 (-20.3%) | 1.47 | 1,312 |
| 2019-03-01 | $450,657 (-9.6%) | $971,170 (-14.9%) | 1.47 | 1,259 |
| 2019-04-01 | $460,706 (-10.9%) | $969,211 (-14.5%) | 1.46 | 1,259 |
| 2019-05-01 | $456,325 (-6.3%) | $921,862 (-12.8%) | 1.43 | 1,459 |
| 2019-06-01 | $472,000 (-1.7%) | $911,295 (-11.1%) | 1.48 | 1,628 |
| 2019-07-01 | $472,995 (0.9%) | $912,555 (-5.6%) | 1.48 | 1,787 |
| 2019-08-01 | $467,909 (4.0%) | $920,805 (-0.5%) | 1.48 | 1,803 |
| 2019-09-01 | $466,273 (3.9%) | $936,520 (5.0%) | 1.49 | 1,741 |
| 2019-10-01 | $465,000 (8.3%) | $960,844 (12.2%) | 1.50 | 1,673 |
| 2019-11-01 | $465,000 (9.0%) | $1,009,062 (17.6%) | 1.52 | 1,482 |
| 2019-12-01 | $472,450 (11.4%) | $1,078,793 (25.3%) | 1.58 | 1,231 |
| 2020-01-01 | $482,500 (12.9%) | $1,143,452 (25.5%) | 1.61 | 1,053 |
| 2020-02-01 | $519,998 (19.9%) | $1,246,107 (30.7%) | 1.70 | 889 |
| 2020-03-01 | $511,998 (13.6%) | $1,214,927 (25.1%) | 1.61 | 921 |
| 2020-04-01 | $486,500 (5.6%) | $1,066,206 (10.0%) | 1.52 | 1,147 |
| 2020-05-01 | $499,000 (9.4%) | $1,081,153 (17.3%) | 1.52 | 1,165 |
| 2020-06-01 | $543,688 (15.2%) | $1,223,830 (34.3%) | 1.60 | 1,050 |
| 2020-07-01 | $559,391 (18.3%) | $1,075,399 (17.8%) | 1.62 | 904 |
| 2020-08-01 | $549,000 (17.3%) | $1,077,319 (17.0%) | 1.57 | 812 |
| 2020-09-01 | $567,500 (21.7%) | $1,091,928 (16.6%) | 1.63 | 728 |
| 2020-10-01 | $559,927 (20.4%) | $1,206,204 (25.5%) | 1.60 | 646 |
| 2020-11-01 | $539,596 (16.0%) | $1,198,750 (18.8%) | 1.58 | 518 |
| 2020-12-01 | $554,250 (17.3%) | $1,232,422 (14.2%) | 1.65 | 411 |
| 2021-01-01 | $564,800 (17.1%) | $1,213,275 (6.1%) | 1.69 | 362 |
| 2021-02-01 | $518,450 (-0.3%) | $1,039,891 (-16.6%) | 1.51 | 317 |
| 2021-03-01 | $501,250 (-2.1%) | $1,064,944 (-12.4%) | 1.42 | 354 |
| 2021-04-01 | $509,375 (4.7%) | $907,368 (-14.9%) | 1.38 | 569 |
| 2021-05-01 | $546,944 (9.6%) | $986,884 (-8.7%) | 1.45 | 427 |
| 2021-06-01 | $585,000 (7.6%) | $1,051,995 (-14.0%) | 1.54 | 436 |
| 2021-07-01 | $600,000 (7.3%) | $1,071,346 (-0.4%) | 1.58 | 561 |
| 2021-08-01 | $599,900 (9.3%) | $1,105,913 (2.7%) | 1.60 | 679 |
| 2021-09-01 | $599,225 (5.6%) | $1,101,441 (0.9%) | 1.60 | 766 |
| 2021-10-01 | $625,000 (11.6%) | $1,113,978 (-7.7%) | 1.67 | 758 |
| 2021-11-01 | $626,575 (16.1%) | $1,164,608 (-2.9%) | 1.67 | 647 |
| 2021-12-01 | $625,000 (12.8%) | $1,198,097 (-2.8%) | 1.69 | 470 |
| 2022-01-01 | $645,000 (14.2%) | $1,318,919 (8.7%) | 1.74 | 379 |
| 2022-02-01 | $649,850 (25.3%) | $1,417,939 (36.4%) | 1.69 | 348 |
| 2022-03-01 | $645,000 (28.7%) | $1,417,150 (33.1%) | 1.61 | 393 |
| 2022-04-01 | $689,900 (35.4%) | $1,255,363 (38.4%) | 1.64 | 561 |
| 2022-05-01 | $685,474 (25.3%) | $1,207,958 (22.4%) | 1.57 | 860 |
| 2022-06-01 | $672,750 (15.0%) | $1,179,356 (12.1%) | 1.50 | 1,282 |
| 2022-07-01 | $640,000 (6.7%) | $1,116,661 (4.2%) | 1.44 | 1,586 |
| 2022-08-01 | $632,500 (5.4%) | $1,089,458 (-1.5%) | 1.46 | 1,659 |
| 2022-09-01 | $624,973 (4.3%) | $1,072,204 (-2.7%) | 1.46 | 1,606 |
| 2022-10-01 | $599,997 (-4.0%) | $1,078,809 (-3.2%) | 1.41 | 1,601 |
| 2022-11-01 | $599,900 (-4.3%) | $1,121,276 (-3.7%) | 1.44 | 1,444 |
| 2022-12-01 | $599,999 (-4.0%) | $1,156,128 (-3.5%) | 1.48 | 1,176 |
| 2023-01-01 | $617,000 (-4.3%) | $1,182,809 (-10.3%) | 1.53 | 956 |
| 2023-02-01 | $630,000 (-3.1%) | $1,247,014 (-12.1%) | 1.52 | 789 |
| 2023-03-01 | $647,450 (0.4%) | $1,235,410 (-12.8%) | 1.53 | 719 |
| 2023-04-01 | $675,000 (-2.2%) | $1,254,276 (-0.1%) | 1.57 | 697 |
| 2023-05-01 | $683,750 (-0.3%) | $1,282,310 (6.2%) | 1.55 | 838 |
| 2023-06-01 | $689,366 (2.5%) | $1,278,316 (8.4%) | 1.55 | 959 |
| 2023-07-01 | $699,000 (9.2%) | $1,334,655 (19.5%) | 1.59 | 1,034 |
| 2023-08-01 | $699,500 (10.6%) | $1,352,870 (24.2%) | 1.61 | 1,067 |
| 2023-09-01 | $699,000 (11.8%) | $1,328,056 (23.9%) | 1.63 | 1,111 |
| 2023-10-01 | $676,975 (12.8%) | $1,335,372 (23.8%) | 1.59 | 1,123 |
| 2023-11-01 | $651,249 (8.6%) | $1,320,650 (17.8%) | 1.55 | 1,044 |
| 2023-12-01 | $647,500 (7.9%) | $1,304,951 (12.9%) | 1.58 | 935 |
| 2024-01-01 | $646,250 (4.7%) | $1,324,552 (12.0%) | 1.58 | 839 |
| 2024-02-01 | $652,000 (3.5%) | $1,349,196 (8.2%) | 1.57 | 752 |
| 2024-03-01 | $659,498 (1.9%) | $1,351,740 (9.4%) | 1.55 | 754 |
| 2024-04-01 | $663,944 (-1.6%) | $1,344,635 (7.2%) | 1.54 | 839 |
| 2024-05-01 | $693,525 (1.4%) | $1,379,725 (7.6%) | 1.57 | 970 |
| 2024-06-01 | $679,000 (-1.5%) | $1,337,263 (4.6%) | 1.53 | 1,202 |
| 2024-07-01 | $656,870 (-6.0%) | $1,275,095 (-4.5%) | 1.50 | 1,371 |
| 2024-08-01 | $646,000 (-7.7%) | $1,268,460 (-6.2%) | 1.50 | 1,448 |
| 2024-09-01 | $635,200 (-9.1%) | $1,238,865 (-6.7%) | 1.49 | 1,495 |
| 2024-10-01 | $634,975 (-6.2%) | $1,186,085 (-11.2%) | 1.49 | 1,459 |
| 2024-11-01 | $622,450 (-4.4%) | $1,172,516 (-11.2%) | 1.49 | 1,401 |
Reno's median listing price comes in at 149% of the national average.
Reno's average listing price for 2024-11-01 was $1,172,516, a difference of $-148,134 (-11.2%) versus the prior year and $-13,569 versus the prior month.
For the 2024-11-01 period, Reno had 1,401 MLS listings, a difference of -58 listings (-4%) versus the prior month and 357 listings (34%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Reno (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis| Date | Median Listing Time on Market | Median Square Footage |
|---|---|---|
| 2018-01-01 | 73 days | 2,355 sqft |
| 2018-02-01 | 50 days | 2,329 sqft |
| 2018-03-01 | 43 days | 2,274 sqft |
| 2018-04-01 | 43 days | 2,319 sqft |
| 2018-05-01 | 36 days | 2,147 sqft |
| 2018-06-01 | 37 days | 2,128 sqft |
| 2018-07-01 | 37 days | 2,110 sqft |
| 2018-08-01 | 40 days | 2,084 sqft |
| 2018-09-01 | 45 days | 2,076 sqft |
| 2018-10-01 | 52 days | 2,030 sqft |
| 2018-11-01 | 59 days | 2,009 sqft |
| 2018-12-01 | 71 days | 2,010 sqft |
| 2019-01-01 | 78 days | 1,989 sqft |
| 2019-02-01 | 71 days | 2,020 sqft |
| 2019-03-01 | 58 days | 2,080 sqft |
| 2019-04-01 | 44 days | 2,139 sqft |
| 2019-05-01 | 38 days | 2,111 sqft |
| 2019-06-01 | 41 days | 2,158 sqft |
| 2019-07-01 | 44 days | 2,131 sqft |
| 2019-08-01 | 48 days | 2,120 sqft |
| 2019-09-01 | 55 days | 2,148 sqft |
| 2019-10-01 | 59 days | 2,164 sqft |
| 2019-11-01 | 65 days | 2,129 sqft |
| 2019-12-01 | 72 days | 2,186 sqft |
| 2020-01-01 | 75 days | 2,194 sqft |
| 2020-02-01 | 58 days | 2,293 sqft |
| 2020-03-01 | 37 days | 2,195 sqft |
| 2020-04-01 | 40 days | 2,118 sqft |
| 2020-05-01 | 43 days | 2,191 sqft |
| 2020-06-01 | 44 days | 2,290 sqft |
| 2020-07-01 | 43 days | 2,307 sqft |
| 2020-08-01 | 41 days | 2,204 sqft |
| 2020-09-01 | 32 days | 2,220 sqft |
| 2020-10-01 | 43 days | 2,160 sqft |
| 2020-11-01 | 48 days | 2,096 sqft |
| 2020-12-01 | 55 days | 2,103 sqft |
| 2021-01-01 | 50 days | 2,100 sqft |
| 2021-02-01 | 34 days | 1,932 sqft |
| 2021-03-01 | 18 days | 1,868 sqft |
| 2021-04-01 | 17 days | 1,849 sqft |
| 2021-05-01 | 26 days | 1,868 sqft |
| 2021-06-01 | 29 days | 1,930 sqft |
| 2021-07-01 | 28 days | 2,006 sqft |
| 2021-08-01 | 30 days | 1,995 sqft |
| 2021-09-01 | 32 days | 1,944 sqft |
| 2021-10-01 | 37 days | 2,084 sqft |
| 2021-11-01 | 41 days | 2,037 sqft |
| 2021-12-01 | 50 days | 2,030 sqft |
| 2022-01-01 | 52 days | 2,023 sqft |
| 2022-02-01 | 32 days | 2,018 sqft |
| 2022-03-01 | 26 days | 2,008 sqft |
| 2022-04-01 | 25 days | 2,106 sqft |
| 2022-05-01 | 25 days | 2,071 sqft |
| 2022-06-01 | 29 days | 2,066 sqft |
| 2022-07-01 | 36 days | 2,029 sqft |
| 2022-08-01 | 49 days | 2,034 sqft |
| 2022-09-01 | 58 days | 2,024 sqft |
| 2022-10-01 | 61 days | 2,016 sqft |
| 2022-11-01 | 68 days | 2,019 sqft |
| 2022-12-01 | 81 days | 2,015 sqft |
| 2023-01-01 | 92 days | 2,024 sqft |
| 2023-02-01 | 85 days | 2,030 sqft |
| 2023-03-01 | 59 days | 2,064 sqft |
| 2023-04-01 | 44 days | 2,161 sqft |
| 2023-05-01 | 37 days | 2,165 sqft |
| 2023-06-01 | 38 days | 2,177 sqft |
| 2023-07-01 | 42 days | 2,229 sqft |
| 2023-08-01 | 44 days | 2,223 sqft |
| 2023-09-01 | 50 days | 2,189 sqft |
| 2023-10-01 | 55 days | 2,154 sqft |
| 2023-11-01 | 60 days | 2,135 sqft |
| 2023-12-01 | 69 days | 2,081 sqft |
| 2024-01-01 | 78 days | 2,082 sqft |
| 2024-02-01 | 70 days | 2,044 sqft |
| 2024-03-01 | 51 days | 2,053 sqft |
| 2024-04-01 | 40 days | 2,083 sqft |
| 2024-05-01 | 32 days | 2,088 sqft |
| 2024-06-01 | 35 days | 2,044 sqft |
| 2024-07-01 | 45 days | 2,020 sqft |
| 2024-08-01 | 51 days | 1,966 sqft |
| 2024-09-01 | 56 days | 1,940 sqft |
| 2024-10-01 | 58 days | 1,952 sqft |
| 2024-11-01 | 64 days | 1,877 sqft |
Reno's median square footage for active listings during the 2024-11-01 period was 1,877 sqft. One year prior, the average listing was 2,135 sqft.