Reno USDA Loan Rates, Closing Costs & Stats

RENO, NV

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    • 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 USDA Loans, 30 Year Fixed Rates

    30 Year USDA mortgages in Reno averaged -0.03% for the week of 2025-07-04, compared to the national average (all USDA variants) of 0% for the same period.

    Reno's average USDA mortgage closing costs are $8,078.

    The average rate for the prior week (2025-06-27) was 6.61% and one month ago for the week of 2025-05-30, the average rate was 6.29%.

    The average rate one year ago was 6.89%.

    For refis of the same type during the week of 2025-07-04, the average rate was -0.02%.

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

    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 2024 Avg. 30yFix Rate 2024 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%) 1.57 999
    2018-02-01 $437,425 (9.4%) $1,063,980 (29.4%) 1.59 932
    2018-03-01 $438,250 (9.7%) $1,010,958 (26.1%) 1.54 952
    2018-04-01 $454,499 (13.6%) $1,014,272 (27.2%) 1.54 1,022
    2018-05-01 $443,736 (5.3%) $959,068 (18.0%) 1.48 1,145
    2018-06-01 $440,000 (3.1%) $928,499 (13.9%) 1.47 1,276
    2018-07-01 $435,000 (-0.9%) $889,063 (-1.4%) 1.45 1,605
    2018-08-01 $429,350 (0.0%) $856,547 (-2.4%) 1.44 1,804
    2018-09-01 $425,000 (-3.1%) $828,412 (-7.7%) 1.43 1,963
    2018-10-01 $410,625 (-4.5%) $795,454 (-11.6%) 1.39 2,052
    2018-11-01 $407,350 (-5.5%) $799,562 (-13.0%) 1.38 1,965
    2018-12-01 $400,000 (-7.0%) $807,400 (-15.2%) 1.38 1,838
    2019-01-01 $404,500 (-4.3%) $845,774 (-18.7%) 1.40 1,625
    2019-02-01 $412,438 (-5.7%) $879,548 (-17.3%) 1.39 1,505
    2019-03-01 $425,836 (-2.8%) $891,009 (-11.9%) 1.39 1,459
    2019-04-01 $433,811 (-4.6%) $888,654 (-12.4%) 1.38 1,468
    2019-05-01 $432,000 (-2.6%) $849,059 (-11.5%) 1.35 1,693
    2019-06-01 $445,000 (1.1%) $842,455 (-9.3%) 1.39 1,868
    2019-07-01 $440,475 (1.3%) $842,069 (-5.3%) 1.38 2,055
    2019-08-01 $439,936 (2.5%) $849,114 (-0.9%) 1.39 2,072
    2019-09-01 $439,916 (3.5%) $862,092 (4.1%) 1.41 2,007
    2019-10-01 $439,902 (7.1%) $882,273 (10.9%) 1.42 1,935
    2019-11-01 $439,000 (7.8%) $919,632 (15.0%) 1.44 1,726
    2019-12-01 $447,000 (11.8%) $975,727 (20.9%) 1.49 1,448
    2020-01-01 $449,000 (11.0%) $1,028,567 (21.6%) 1.50 1,241
    2020-02-01 $465,000 (12.7%) $1,100,574 (25.1%) 1.52 1,079
    2020-03-01 $464,700 (9.1%) $1,079,483 (21.2%) 1.46 1,105
    2020-04-01 $449,688 (3.7%) $967,102 (8.8%) 1.41 1,349
    2020-05-01 $472,635 (9.4%) $993,083 (17.0%) 1.44 1,339
    2020-06-01 $499,000 (12.1%) $1,114,352 (32.3%) 1.47 1,213
    2020-07-01 $509,000 (15.6%) $982,545 (16.7%) 1.48 1,061
    2020-08-01 $499,000 (13.4%) $989,975 (16.6%) 1.43 946
    2020-09-01 $527,500 (19.9%) $1,003,750 (16.4%) 1.51 856
    2020-10-01 $510,000 (15.9%) $1,083,108 (22.8%) 1.46 766
    2020-11-01 $499,500 (13.8%) $1,091,599 (18.7%) 1.46 609
    2020-12-01 $512,250 (14.6%) $1,115,228 (14.3%) 1.52 482
    2021-01-01 $499,950 (11.4%) $1,103,396 (7.3%) 1.49 420
    2021-02-01 $482,500 (3.8%) $957,645 (-13.0%) 1.40 363
    2021-03-01 $479,975 (3.3%) $986,196 (-8.6%) 1.36 398
    2021-04-01 $490,000 (9.0%) $848,962 (-12.2%) 1.33 646
    2021-05-01 $510,000 (7.9%) $911,590 (-8.2%) 1.35 498
    2021-06-01 $559,950 (12.2%) $978,725 (-12.2%) 1.47 504
    2021-07-01 $575,000 (13.0%) $998,124 (1.6%) 1.52 634
    2021-08-01 $577,000 (15.6%) $1,025,661 (3.6%) 1.54 791
    2021-09-01 $572,750 (8.6%) $1,022,032 (1.8%) 1.53 881
    2021-10-01 $580,500 (13.8%) $1,009,103 (-6.8%) 1.55 908
    2021-11-01 $575,000 (15.1%) $1,036,700 (-5.0%) 1.54 804
    2021-12-01 $562,450 (9.8%) $1,067,492 (-4.3%) 1.52 593
    2022-01-01 $569,000 (13.8%) $1,148,206 (4.1%) 1.54 500
    2022-02-01 $578,500 (19.9%) $1,246,568 (30.2%) 1.50 438
    2022-03-01 $589,250 (22.8%) $1,266,552 (28.4%) 1.48 483
    2022-04-01 $620,000 (26.5%) $1,137,183 (34.0%) 1.48 676
    2022-05-01 $645,750 (26.6%) $1,112,030 (22.0%) 1.48 1,012
    2022-06-01 $636,600 (13.7%) $1,094,007 (11.8%) 1.42 1,475
    2022-07-01 $599,900 (4.3%) $1,037,343 (3.9%) 1.35 1,840
    2022-08-01 $595,000 (3.1%) $1,006,173 (-1.9%) 1.38 1,946
    2022-09-01 $577,000 (0.7%) $980,782 (-4.0%) 1.35 1,923
    2022-10-01 $569,900 (-1.8%) $986,996 (-2.2%) 1.34 1,905
    2022-11-01 $552,499 (-3.9%) $1,020,644 (-1.6%) 1.33 1,723
    2022-12-01 $550,000 (-2.2%) $1,035,305 (-3.0%) 1.36 1,423
    2023-01-01 $554,900 (-2.5%) $1,055,268 (-8.1%) 1.37 1,171
    2023-02-01 $568,463 (-1.7%) $1,108,931 (-11.0%) 1.37 977
    2023-03-01 $588,500 (-0.1%) $1,101,231 (-13.1%) 1.39 881
    2023-04-01 $614,414 (-0.9%) $1,136,690 (0.0%) 1.43 844
    2023-05-01 $629,950 (-2.5%) $1,166,259 (4.9%) 1.43 991
    2023-06-01 $644,125 (1.2%) $1,164,662 (6.5%) 1.45 1,112
    2023-07-01 $650,000 (8.4%) $1,219,221 (17.5%) 1.48 1,197
    2023-08-01 $646,975 (8.7%) $1,232,864 (22.5%) 1.49 1,229
    2023-09-01 $635,393 (10.1%) $1,209,640 (23.3%) 1.48 1,306
    2023-10-01 $621,250 (9.0%) $1,217,631 (23.4%) 1.46 1,309
    2023-11-01 $600,000 (8.6%) $1,196,748 (17.3%) 1.43 1,233
    2023-12-01 $595,000 (8.2%) $1,189,094 (14.9%) 1.45 1,101
    2024-01-01 $599,710 (8.1%) $1,201,327 (13.8%) 1.46 988
    2024-02-01 $599,500 (5.5%) $1,214,911 (9.6%) 1.44 889
    2024-03-01 $615,000 (4.5%) $1,217,656 (10.6%) 1.45 887
    2024-04-01 $617,438 (0.5%) $1,227,247 (8.0%) 1.44 972
    2024-05-01 $637,500 (1.2%) $1,215,352 (4.2%) 1.45 1,127
    2024-06-01 $619,000 (-3.9%) $1,182,943 (1.6%) 1.41 1,393
    2024-07-01 $614,500 (-5.5%) $1,175,103 (-3.6%) 1.41 1,573
    2024-08-01 $599,900 (-7.3%) $1,169,155 (-5.2%) 1.40 1,665
    2024-09-01 $599,450 (-5.7%) $1,155,204 (-4.5%) 1.41 1,689
    2024-10-01 $599,487 (-3.5%) $1,104,807 (-9.3%) 1.41 1,676
    2024-11-01 $594,322 (-1.0%) $1,091,831 (-8.8%) 1.43 1,601
    2024-12-01 $575,000 (-3.4%) $1,012,969 (-14.8%) 1.43 1,412
    2025-01-01 $569,998 (-5.0%) $1,067,920 (-11.1%) 1.42 1,274
    2025-02-01 $572,500 (-4.5%) $1,050,111 (-13.6%) 1.39 1,224
    2025-03-01 $569,250 (-7.4%) $1,048,358 (-13.9%) 1.34 1,250
    2025-04-01 $583,225 (-5.5%) $1,048,486 (-14.6%) 1.35 1,458
    2025-05-01 $610,000 (-4.3%) $1,087,305 (-10.5%) 1.39 1,620
    Reno's median listing price for 2025-05-01 was $610,000, a difference of $-27,500 (-4.3%) versus the prior year and $26,775 versus the prior month.

    Reno's median listing price comes in at 139% of the national average.

    Reno's average listing price for 2025-05-01 was $1,087,305, a difference of $-128,047 (-10.5%) versus the prior year and $38,819 versus the prior month.

    For the 2025-05-01 period, Reno had 1,620 MLS listings, a difference of 162 listings (11%) versus the prior month and 493 listings (44%) 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 78 days 2,222 sqft
    2018-02-01 54 days 2,224 sqft
    2018-03-01 45 days 2,174 sqft
    2018-04-01 44 days 2,204 sqft
    2018-05-01 36 days 2,095 sqft
    2018-06-01 37 days 2,081 sqft
    2018-07-01 38 days 2,064 sqft
    2018-08-01 41 days 2,031 sqft
    2018-09-01 45 days 2,018 sqft
    2018-10-01 52 days 1,996 sqft
    2018-11-01 60 days 1,980 sqft
    2018-12-01 71 days 1,989 sqft
    2019-01-01 78 days 1,969 sqft
    2019-02-01 69 days 1,993 sqft
    2019-03-01 56 days 2,044 sqft
    2019-04-01 44 days 2,093 sqft
    2019-05-01 40 days 2,077 sqft
    2019-06-01 43 days 2,113 sqft
    2019-07-01 45 days 2,086 sqft
    2019-08-01 49 days 2,068 sqft
    2019-09-01 56 days 2,073 sqft
    2019-10-01 61 days 2,079 sqft
    2019-11-01 65 days 2,074 sqft
    2019-12-01 71 days 2,120 sqft
    2020-01-01 72 days 2,121 sqft
    2020-02-01 58 days 2,169 sqft
    2020-03-01 38 days 2,122 sqft
    2020-04-01 41 days 2,067 sqft
    2020-05-01 45 days 2,123 sqft
    2020-06-01 44 days 2,222 sqft
    2020-07-01 42 days 2,230 sqft
    2020-08-01 42 days 2,148 sqft
    2020-09-01 33 days 2,166 sqft
    2020-10-01 45 days 2,090 sqft
    2020-11-01 53 days 2,026 sqft
    2020-12-01 57 days 2,045 sqft
    2021-01-01 47 days 2,011 sqft
    2021-02-01 33 days 1,862 sqft
    2021-03-01 19 days 1,822 sqft
    2021-04-01 18 days 1,801 sqft
    2021-05-01 27 days 1,832 sqft
    2021-06-01 29 days 1,891 sqft
    2021-07-01 29 days 1,976 sqft
    2021-08-01 29 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 53 days 1,923 sqft
    2022-02-01 33 days 1,922 sqft
    2022-03-01 29 days 1,948 sqft
    2022-04-01 27 days 2,024 sqft
    2022-05-01 26 days 2,022 sqft
    2022-06-01 30 days 2,015 sqft
    2022-07-01 37 days 1,979 sqft
    2022-08-01 47 days 1,990 sqft
    2022-09-01 57 days 1,965 sqft
    2022-10-01 63 days 1,959 sqft
    2022-11-01 69 days 1,964 sqft
    2022-12-01 82 days 1,958 sqft
    2023-01-01 92 days 1,962 sqft
    2023-02-01 89 days 1,973 sqft
    2023-03-01 62 days 1,994 sqft
    2023-04-01 46 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 56 days 2,088 sqft
    2023-11-01 60 days 2,070 sqft
    2023-12-01 71 days 2,021 sqft
    2024-01-01 76 days 2,005 sqft
    2024-02-01 69 days 2,002 sqft
    2024-03-01 51 days 2,011 sqft
    2024-04-01 41 days 2,022 sqft
    2024-05-01 34 days 1,996 sqft
    2024-06-01 38 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 75 days 1,832 sqft
    2025-02-01 65 days 1,822 sqft
    2025-03-01 50 days 1,818 sqft
    2025-04-01 44 days 1,836 sqft
    2025-05-01 45 days 1,892 sqft
    Reno's median listing age (time on market) for 2025-05-01 was 45 days. This is 32% longer than the same period one year ago.

    Reno's median square footage for active listings during the 2025-05-01 period was 1,892 sqft. One year prior, the average listing was 1,996 sqft.