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
6.5%
for the week of 2025-02-14, compared to the national average (all USDA variants) of
6.526% for the same period.
Reno's average USDA mortgage closing costs are $8,078.
The average rate for the prior week (2025-02-07) was
6.26% and
one month ago for the week of 2025-01-10, the
average rate was 6.51%.
The average rate one year ago was 6.5%.
For refis of the same type during the week of 2025-02-14, the average rate
was 6.39%.
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 | $422,450 (8.6%) | $1,040,487 (30.4%) | 1.81 | 999 |
| 2018-02-01 | $437,425 (9.4%) | $1,063,980 (29.4%) | 1.78 | 932 |
| 2018-03-01 | $438,250 (9.7%) | $1,010,958 (26.1%) | 1.75 | 952 |
| 2018-04-01 | $454,499 (13.6%) | $1,014,272 (27.2%) | 1.75 | 1,022 |
| 2018-05-01 | $443,736 (5.3%) | $959,068 (18.0%) | 1.63 | 1,145 |
| 2018-06-01 | $440,000 (3.1%) | $928,499 (13.9%) | 1.60 | 1,276 |
| 2018-07-01 | $435,000 (-0.9%) | $889,063 (-1.4%) | 1.57 | 1,605 |
| 2018-08-01 | $429,350 (0.0%) | $856,547 (-2.4%) | 1.51 | 1,804 |
| 2018-09-01 | $425,000 (-3.1%) | $828,412 (-7.7%) | 1.51 | 1,963 |
| 2018-10-01 | $410,625 (-4.5%) | $795,454 (-11.6%) | 1.45 | 2,052 |
| 2018-11-01 | $407,350 (-5.5%) | $799,562 (-13.0%) | 1.45 | 1,965 |
| 2018-12-01 | $400,000 (-7.0%) | $807,400 (-15.2%) | 1.46 | 1,838 |
| 2019-01-01 | $404,500 (-4.3%) | $845,774 (-18.7%) | 1.48 | 1,625 |
| 2019-02-01 | $412,438 (-5.7%) | $879,548 (-17.3%) | 1.47 | 1,505 |
| 2019-03-01 | $425,836 (-2.8%) | $891,009 (-11.9%) | 1.47 | 1,459 |
| 2019-04-01 | $433,811 (-4.6%) | $888,654 (-12.4%) | 1.46 | 1,468 |
| 2019-05-01 | $432,000 (-2.6%) | $849,059 (-11.5%) | 1.43 | 1,693 |
| 2019-06-01 | $445,000 (1.1%) | $842,455 (-9.3%) | 1.48 | 1,868 |
| 2019-07-01 | $440,475 (1.3%) | $842,069 (-5.3%) | 1.48 | 2,055 |
| 2019-08-01 | $439,936 (2.5%) | $849,114 (-0.9%) | 1.48 | 2,072 |
| 2019-09-01 | $439,916 (3.5%) | $862,092 (4.1%) | 1.49 | 2,007 |
| 2019-10-01 | $439,902 (7.1%) | $882,273 (10.9%) | 1.50 | 1,935 |
| 2019-11-01 | $439,000 (7.8%) | $919,632 (15.0%) | 1.52 | 1,726 |
| 2019-12-01 | $447,000 (11.8%) | $975,727 (20.9%) | 1.58 | 1,448 |
| 2020-01-01 | $449,000 (11.0%) | $1,028,567 (21.6%) | 1.61 | 1,241 |
| 2020-02-01 | $465,000 (12.7%) | $1,100,574 (25.1%) | 1.70 | 1,079 |
| 2020-03-01 | $464,700 (9.1%) | $1,079,483 (21.2%) | 1.61 | 1,105 |
| 2020-04-01 | $449,688 (3.7%) | $967,102 (8.8%) | 1.52 | 1,349 |
| 2020-05-01 | $472,635 (9.4%) | $993,083 (17.0%) | 1.52 | 1,339 |
| 2020-06-01 | $499,000 (12.1%) | $1,114,352 (32.3%) | 1.60 | 1,213 |
| 2020-07-01 | $509,000 (15.6%) | $982,545 (16.7%) | 1.62 | 1,061 |
| 2020-08-01 | $499,000 (13.4%) | $989,975 (16.6%) | 1.57 | 946 |
| 2020-09-01 | $527,500 (19.9%) | $1,003,750 (16.4%) | 1.63 | 856 |
| 2020-10-01 | $510,000 (15.9%) | $1,083,108 (22.8%) | 1.60 | 766 |
| 2020-11-01 | $499,500 (13.8%) | $1,091,599 (18.7%) | 1.58 | 609 |
| 2020-12-01 | $512,250 (14.6%) | $1,115,228 (14.3%) | 1.65 | 482 |
| 2021-01-01 | $499,950 (11.4%) | $1,103,396 (7.3%) | 1.69 | 420 |
| 2021-02-01 | $482,500 (3.8%) | $957,645 (-13.0%) | 1.51 | 363 |
| 2021-03-01 | $479,975 (3.3%) | $986,196 (-8.6%) | 1.42 | 398 |
| 2021-04-01 | $490,000 (9.0%) | $848,962 (-12.2%) | 1.38 | 646 |
| 2021-05-01 | $510,000 (7.9%) | $911,590 (-8.2%) | 1.45 | 498 |
| 2021-06-01 | $559,950 (12.2%) | $978,725 (-12.2%) | 1.54 | 504 |
| 2021-07-01 | $575,000 (13.0%) | $998,124 (1.6%) | 1.58 | 634 |
| 2021-08-01 | $577,000 (15.6%) | $1,025,661 (3.6%) | 1.60 | 791 |
| 2021-09-01 | $572,750 (8.6%) | $1,022,032 (1.8%) | 1.60 | 881 |
| 2021-10-01 | $580,500 (13.8%) | $1,009,103 (-6.8%) | 1.67 | 908 |
| 2021-11-01 | $575,000 (15.1%) | $1,036,700 (-5.0%) | 1.67 | 804 |
| 2021-12-01 | $562,450 (9.8%) | $1,067,492 (-4.3%) | 1.69 | 593 |
| 2022-01-01 | $569,000 (13.8%) | $1,148,206 (4.1%) | 1.74 | 500 |
| 2022-02-01 | $578,500 (19.9%) | $1,246,568 (30.2%) | 1.69 | 438 |
| 2022-03-01 | $589,250 (22.8%) | $1,266,552 (28.4%) | 1.61 | 483 |
| 2022-04-01 | $620,000 (26.5%) | $1,137,183 (34.0%) | 1.64 | 676 |
| 2022-05-01 | $645,750 (26.6%) | $1,112,030 (22.0%) | 1.57 | 1,012 |
| 2022-06-01 | $636,600 (13.7%) | $1,094,007 (11.8%) | 1.50 | 1,475 |
| 2022-07-01 | $599,900 (4.3%) | $1,037,343 (3.9%) | 1.44 | 1,840 |
| 2022-08-01 | $595,000 (3.1%) | $1,006,173 (-1.9%) | 1.46 | 1,946 |
| 2022-09-01 | $577,000 (0.7%) | $980,782 (-4.0%) | 1.46 | 1,923 |
| 2022-10-01 | $569,900 (-1.8%) | $986,996 (-2.2%) | 1.41 | 1,905 |
| 2022-11-01 | $552,499 (-3.9%) | $1,020,644 (-1.6%) | 1.44 | 1,723 |
| 2022-12-01 | $550,000 (-2.2%) | $1,035,305 (-3.0%) | 1.48 | 1,423 |
| 2023-01-01 | $554,900 (-2.5%) | $1,055,268 (-8.1%) | 1.53 | 1,171 |
| 2023-02-01 | $568,463 (-1.7%) | $1,108,931 (-11.0%) | 1.52 | 977 |
| 2023-03-01 | $588,500 (-0.1%) | $1,101,231 (-13.1%) | 1.53 | 881 |
| 2023-04-01 | $614,414 (-0.9%) | $1,136,690 (0.0%) | 1.57 | 844 |
| 2023-05-01 | $629,950 (-2.5%) | $1,166,259 (4.9%) | 1.55 | 991 |
| 2023-06-01 | $644,125 (1.2%) | $1,164,662 (6.5%) | 1.55 | 1,112 |
| 2023-07-01 | $650,000 (8.4%) | $1,219,221 (17.5%) | 1.59 | 1,197 |
| 2023-08-01 | $646,975 (8.7%) | $1,232,864 (22.5%) | 1.61 | 1,229 |
| 2023-09-01 | $635,393 (10.1%) | $1,209,640 (23.3%) | 1.63 | 1,306 |
| 2023-10-01 | $621,250 (9.0%) | $1,217,631 (23.4%) | 1.59 | 1,309 |
| 2023-11-01 | $600,000 (8.6%) | $1,196,748 (17.3%) | 1.55 | 1,233 |
| 2023-12-01 | $595,000 (8.2%) | $1,189,094 (14.9%) | 1.58 | 1,101 |
| 2024-01-01 | $599,710 (8.1%) | $1,201,327 (13.8%) | 1.58 | 988 |
| 2024-02-01 | $599,500 (5.5%) | $1,214,911 (9.6%) | 1.57 | 889 |
| 2024-03-01 | $615,000 (4.5%) | $1,217,656 (10.6%) | 1.55 | 887 |
| 2024-04-01 | $617,438 (0.5%) | $1,227,247 (8.0%) | 1.54 | 972 |
| 2024-05-01 | $637,500 (1.2%) | $1,215,352 (4.2%) | 1.57 | 1,127 |
| 2024-06-01 | $619,000 (-3.9%) | $1,182,943 (1.6%) | 1.53 | 1,393 |
| 2024-07-01 | $614,500 (-5.5%) | $1,175,103 (-3.6%) | 1.50 | 1,573 |
| 2024-08-01 | $599,900 (-7.3%) | $1,169,155 (-5.2%) | 1.50 | 1,665 |
| 2024-09-01 | $599,450 (-5.7%) | $1,155,204 (-4.5%) | 1.49 | 1,689 |
| 2024-10-01 | $599,487 (-3.5%) | $1,104,807 (-9.3%) | 1.49 | 1,676 |
| 2024-11-01 | $594,322 (-1.0%) | $1,091,831 (-8.8%) | 1.49 | 1,601 |
| 2024-12-01 | $575,000 (-3.4%) | $1,012,969 (-14.8%) | 1.49 | 1,412 |
| 2025-01-01 | $569,998 (-5.0%) | $1,067,920 (-11.1%) | 0.00 | 1,274 |
Reno's median listing price comes in at 0% of the national average.
Reno's average listing price for 2025-01-01 was $1,067,920, a difference of $-133,407 (-11.1%) versus the prior year and $54,951 versus the prior month.
For the 2025-01-01 period, Reno had 1,274 MLS listings, a difference of -138 listings (-10%) versus the prior month and 286 listings (29%) 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 | 2,222 sqft |
| 2018-02-01 | 50 days | 2,224 sqft |
| 2018-03-01 | 43 days | 2,174 sqft |
| 2018-04-01 | 43 days | 2,204 sqft |
| 2018-05-01 | 36 days | 2,095 sqft |
| 2018-06-01 | 37 days | 2,081 sqft |
| 2018-07-01 | 37 days | 2,064 sqft |
| 2018-08-01 | 40 days | 2,031 sqft |
| 2018-09-01 | 45 days | 2,018 sqft |
| 2018-10-01 | 52 days | 1,996 sqft |
| 2018-11-01 | 59 days | 1,980 sqft |
| 2018-12-01 | 71 days | 1,989 sqft |
| 2019-01-01 | 78 days | 1,969 sqft |
| 2019-02-01 | 71 days | 1,993 sqft |
| 2019-03-01 | 58 days | 2,044 sqft |
| 2019-04-01 | 44 days | 2,093 sqft |
| 2019-05-01 | 38 days | 2,077 sqft |
| 2019-06-01 | 41 days | 2,113 sqft |
| 2019-07-01 | 44 days | 2,086 sqft |
| 2019-08-01 | 48 days | 2,068 sqft |
| 2019-09-01 | 55 days | 2,073 sqft |
| 2019-10-01 | 59 days | 2,079 sqft |
| 2019-11-01 | 65 days | 2,074 sqft |
| 2019-12-01 | 72 days | 2,120 sqft |
| 2020-01-01 | 75 days | 2,121 sqft |
| 2020-02-01 | 58 days | 2,169 sqft |
| 2020-03-01 | 37 days | 2,122 sqft |
| 2020-04-01 | 40 days | 2,067 sqft |
| 2020-05-01 | 43 days | 2,123 sqft |
| 2020-06-01 | 44 days | 2,222 sqft |
| 2020-07-01 | 43 days | 2,230 sqft |
| 2020-08-01 | 41 days | 2,148 sqft |
| 2020-09-01 | 32 days | 2,166 sqft |
| 2020-10-01 | 43 days | 2,090 sqft |
| 2020-11-01 | 48 days | 2,026 sqft |
| 2020-12-01 | 55 days | 2,045 sqft |
| 2021-01-01 | 50 days | 2,011 sqft |
| 2021-02-01 | 34 days | 1,862 sqft |
| 2021-03-01 | 18 days | 1,822 sqft |
| 2021-04-01 | 17 days | 1,801 sqft |
| 2021-05-01 | 26 days | 1,832 sqft |
| 2021-06-01 | 29 days | 1,891 sqft |
| 2021-07-01 | 28 days | 1,976 sqft |
| 2021-08-01 | 30 days | 1,944 sqft |
| 2021-09-01 | 32 days | 1,935 sqft |
| 2021-10-01 | 37 days | 2,001 sqft |
| 2021-11-01 | 41 days | 1,960 sqft |
| 2021-12-01 | 50 days | 1,933 sqft |
| 2022-01-01 | 52 days | 1,923 sqft |
| 2022-02-01 | 32 days | 1,922 sqft |
| 2022-03-01 | 26 days | 1,948 sqft |
| 2022-04-01 | 25 days | 2,024 sqft |
| 2022-05-01 | 25 days | 2,022 sqft |
| 2022-06-01 | 29 days | 2,015 sqft |
| 2022-07-01 | 36 days | 1,979 sqft |
| 2022-08-01 | 49 days | 1,990 sqft |
| 2022-09-01 | 58 days | 1,965 sqft |
| 2022-10-01 | 61 days | 1,959 sqft |
| 2022-11-01 | 68 days | 1,964 sqft |
| 2022-12-01 | 81 days | 1,958 sqft |
| 2023-01-01 | 92 days | 1,962 sqft |
| 2023-02-01 | 85 days | 1,973 sqft |
| 2023-03-01 | 59 days | 1,994 sqft |
| 2023-04-01 | 44 days | 2,078 sqft |
| 2023-05-01 | 37 days | 2,089 sqft |
| 2023-06-01 | 38 days | 2,117 sqft |
| 2023-07-01 | 42 days | 2,164 sqft |
| 2023-08-01 | 44 days | 2,141 sqft |
| 2023-09-01 | 50 days | 2,109 sqft |
| 2023-10-01 | 55 days | 2,088 sqft |
| 2023-11-01 | 60 days | 2,070 sqft |
| 2023-12-01 | 69 days | 2,021 sqft |
| 2024-01-01 | 78 days | 2,005 sqft |
| 2024-02-01 | 70 days | 2,002 sqft |
| 2024-03-01 | 51 days | 2,011 sqft |
| 2024-04-01 | 40 days | 2,022 sqft |
| 2024-05-01 | 32 days | 1,996 sqft |
| 2024-06-01 | 35 days | 1,960 sqft |
| 2024-07-01 | 45 days | 1,958 sqft |
| 2024-08-01 | 51 days | 1,938 sqft |
| 2024-09-01 | 56 days | 1,904 sqft |
| 2024-10-01 | 58 days | 1,929 sqft |
| 2024-11-01 | 64 days | 1,874 sqft |
| 2024-12-01 | 74 days | 1,835 sqft |
| 2025-01-01 | 0 days | 1,832 sqft |
Reno's median square footage for active listings during the 2025-01-01 period was 1,832 sqft. One year prior, the average listing was 2,005 sqft.