Rexburg USDA Loan Rates, Closing Costs & Stats

Rexburg, ID

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.

Rexburg's 4 lenders originated 6 USDA loans during 2023. The total origination value was $1,760,000, with an average USDA loan value of $293,333.

Rexburg USDA Loans, 30 Year Fixed Rates

30 Year USDA mortgages in Rexburg averaged -0.21% for the week of 2024-11-29, compared to the national average (all USDA variants) of 0% for the same period.

Rexburg's average USDA mortgage closing costs are $7,208.

The average rate for the prior week (2024-11-22) was 6.29% and one month ago for the week of 2024-10-25, the average rate was 6.39%.

The average rate one year ago was 6.9%.

For refis of the same type during the week of 2024-11-29, the average rate was 0.1%.

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

Rexburg 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 Rexburg level.

Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
BEEHIVE 2 5.63% $8,207
CANOPY MORTGAGE, LLC 2 5.99% $9,522
Century Mortgage Company DBA Century Lending Company 1 6.63% $17,959
FIRST COLONY MORTGAGE CORPORATION 1 6.38% $3,081

The top Rexburg USDA lender as defined by loan originations is BEEHIVE, with 2 USDA loans originated. Their average total fees are $8,207, which is $1,315 lower than the next largest lender, CANOPY MORTGAGE, LLC.

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

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


Market Conditions (Median, Average Prices & Listing Count)

Realtor.com - Rexburg (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 $286,950 (13.4%) $461,584 (9.9%) 0.00 105
2018-02-01 $284,450 (12.9%) $453,648 (4.1%) 0.00 98
2018-03-01 $277,450 (9.3%) $449,344 (-3.3%) 0.00 100
2018-04-01 $280,900 (4.0%) $429,479 (-6.9%) 0.00 102
2018-05-01 $296,725 (7.6%) $417,236 (3.4%) 0.00 118
2018-06-01 $279,900 (1.4%) $374,401 (-3.4%) 0.00 140
2018-07-01 $298,175 (10.5%) $379,501 (-8.6%) 0.00 155
2018-08-01 $319,200 (22.8%) $409,963 (-2.4%) 0.00 154
2018-09-01 $315,400 (14.7%) $419,851 (-4.7%) 0.00 156
2018-10-01 $315,400 (12.7%) $418,085 (-7.3%) 0.00 137
2018-11-01 $308,675 (10.3%) $408,991 (-13.8%) 0.00 128
2018-12-01 $325,900 (12.4%) $435,768 (-14.4%) 0.00 116
2019-01-01 $313,175 (9.1%) $417,447 (-9.6%) 0.00 110
2019-02-01 $299,900 (5.4%) $384,026 (-15.4%) 0.00 103
2019-03-01 $299,900 (8.1%) $424,566 (-5.5%) 0.00 104
2019-04-01 $299,900 (6.8%) $485,028 (12.9%) 0.00 109
2019-05-01 $325,725 (9.8%) $465,569 (11.6%) 0.00 148
2019-06-01 $334,900 (19.7%) $501,212 (33.9%) 0.00 147
2019-07-01 $338,500 (13.5%) $509,090 (34.2%) 0.00 162
2019-08-01 $334,964 (4.9%) $505,971 (23.4%) 0.00 157
2019-09-01 $323,734 (2.6%) $490,542 (16.8%) 0.00 143
2019-10-01 $323,473 (2.6%) $485,346 (16.1%) 0.00 133
2019-11-01 $329,000 (6.6%) $502,971 (23.0%) 0.00 121
2019-12-01 $332,500 (2.0%) $520,907 (19.5%) 0.00 101
2020-01-01 $329,925 (5.4%) $573,541 (37.4%) 0.00 83
2020-02-01 $329,950 (10.0%) $535,533 (39.5%) 0.00 78
2020-03-01 $317,400 (5.8%) $483,075 (13.8%) 0.00 88
2020-04-01 $308,400 (2.8%) $473,405 (-2.4%) 0.00 103
2020-05-01 $338,500 (3.9%) $481,741 (3.5%) 0.00 111
2020-06-01 $345,000 (3.0%) $539,983 (7.7%) 0.00 110
2020-07-01 $349,000 (3.1%) $604,233 (18.7%) 0.00 96
2020-08-01 $380,000 (13.5%) $635,302 (25.6%) 0.00 76
2020-09-01 $475,250 (46.8%) $582,594 (18.8%) 0.00 67
2020-10-01 $450,000 (39.1%) $612,619 (26.2%) 0.00 66
2020-11-01 $429,450 (30.5%) $570,726 (13.5%) 0.00 54
2020-12-01 $427,200 (28.5%) $589,271 (13.1%) 0.00 48
2021-01-01 $482,450 (46.2%) $761,318 (32.7%) 0.00 38
2021-02-01 $520,725 (57.8%) $850,081 (58.7%) 0.00 36
2021-03-01 $630,250 (98.6%) $916,317 (89.7%) 0.00 42
2021-04-01 $612,125 (98.5%) $871,359 (84.1%) 0.00 58
2021-05-01 $585,000 (72.8%) $815,576 (69.3%) 0.00 66
2021-06-01 $583,375 (69.1%) $816,231 (51.2%) 0.00 89
2021-07-01 $607,000 (73.9%) $820,076 (35.7%) 0.00 107
2021-08-01 $607,225 (59.8%) $823,167 (29.6%) 0.00 105
2021-09-01 $630,750 (32.7%) $846,214 (45.3%) 0.00 116
2021-10-01 $649,000 (44.2%) $893,882 (45.9%) 0.00 93
2021-11-01 $695,000 (61.8%) $913,698 (60.1%) 0.00 65
2021-12-01 $670,725 (57.0%) $900,040 (52.7%) 0.00 49
2022-01-01 $660,000 (36.8%) $925,029 (21.5%) 0.00 41
2022-02-01 $555,000 (6.6%) $794,005 (-6.6%) 0.00 42
2022-03-01 $608,000 (-3.5%) $853,116 (-6.9%) 0.00 44
2022-04-01 $518,450 (-15.3%) $775,798 (-11.0%) 0.00 76
2022-05-01 $502,675 (-14.1%) $823,636 (1.0%) 0.00 103
2022-06-01 $491,725 (-15.7%) $773,691 (-5.2%) 0.00 137
2022-07-01 $499,000 (-17.8%) $729,127 (-11.1%) 0.00 168
2022-08-01 $523,294 (-13.8%) $723,282 (-12.1%) 0.00 187
2022-09-01 $554,925 (-12.0%) $711,080 (-16.0%) 0.00 183
2022-10-01 $550,000 (-15.3%) $718,077 (-19.7%) 0.00 178
2022-11-01 $549,450 (-20.9%) $704,893 (-22.9%) 0.00 162
2022-12-01 $510,000 (-24.0%) $652,656 (-27.5%) 0.00 143
2023-01-01 $494,250 (-25.1%) $676,397 (-26.9%) 0.00 120
2023-02-01 $504,475 (-9.1%) $770,673 (-2.9%) 0.00 112
2023-03-01 $499,225 (-17.9%) $781,944 (-8.3%) 0.00 120
2023-04-01 $499,450 (-3.7%) $778,963 (0.4%) 0.00 124
2023-05-01 $528,450 (5.1%) $729,549 (-11.4%) 0.00 133
2023-06-01 $549,500 (11.8%) $712,029 (-8.0%) 0.00 164
2023-07-01 $550,000 (10.2%) $692,272 (-5.1%) 0.00 193
2023-08-01 $551,250 (5.3%) $755,595 (4.5%) 0.00 199
2023-09-01 $539,950 (-2.7%) $762,067 (7.2%) 0.00 200
2023-10-01 $529,950 (-3.7%) $778,136 (8.4%) 0.00 200
2023-11-01 $519,225 (-5.5%) $752,672 (6.8%) 0.00 190
2023-12-01 $499,900 (-2.0%) $753,047 (15.4%) 0.00 172
2024-01-01 $499,900 (1.1%) $767,587 (13.5%) 0.00 137
2024-02-01 $502,450 (-0.4%) $769,286 (-0.2%) 0.00 135
2024-03-01 $515,450 (3.3%) $824,215 (5.4%) 0.00 142
2024-04-01 $521,000 (4.3%) $797,403 (2.4%) 0.00 165
2024-05-01 $514,950 (-2.6%) $777,159 (6.5%) 0.00 201
2024-06-01 $514,000 (-6.5%) $808,843 (13.6%) 0.00 247
2024-07-01 $523,425 (-4.8%) $786,676 (13.6%) 0.00 278
2024-08-01 $512,000 (-7.1%) $770,154 (1.9%) 0.00 274
2024-09-01 $520,200 (-3.7%) $802,397 (5.3%) 0.00 260
2024-10-01 $555,000 (4.7%) $828,537 (6.5%) 0.00 241
Rexburg's median listing price for 2024-10-01 was $555,000, a difference of $25,050 (4.7%) versus the prior year and $34,800 versus the prior month.

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

Rexburg's average listing price for 2024-10-01 was $828,537, a difference of $50,401 (6.5%) versus the prior year and $26,140 versus the prior month.

For the 2024-10-01 period, Rexburg had 241 MLS listings, a difference of -19 listings (-7%) versus the prior month and 41 listings (21%) versus the prior year.

Median Listing Time on Market & Square Footage

Realtor.com - Rexburg (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Time on Market Median Square Footage
2018-01-01 0 days 2,452 sqft
2018-02-01 0 days 2,488 sqft
2018-03-01 0 days 2,588 sqft
2018-04-01 0 days 2,588 sqft
2018-05-01 0 days 2,594 sqft
2018-06-01 0 days 2,436 sqft
2018-07-01 0 days 2,444 sqft
2018-08-01 0 days 2,472 sqft
2018-09-01 0 days 2,453 sqft
2018-10-01 0 days 2,435 sqft
2018-11-01 0 days 2,489 sqft
2018-12-01 0 days 2,521 sqft
2019-01-01 0 days 2,536 sqft
2019-02-01 0 days 2,496 sqft
2019-03-01 0 days 2,469 sqft
2019-04-01 0 days 2,375 sqft
2019-05-01 0 days 2,348 sqft
2019-06-01 0 days 2,420 sqft
2019-07-01 0 days 2,400 sqft
2019-08-01 0 days 2,553 sqft
2019-09-01 0 days 2,549 sqft
2019-10-01 0 days 2,545 sqft
2019-11-01 0 days 2,552 sqft
2019-12-01 0 days 2,525 sqft
2020-01-01 0 days 2,525 sqft
2020-02-01 0 days 2,346 sqft
2020-03-01 0 days 2,325 sqft
2020-04-01 0 days 2,028 sqft
2020-05-01 0 days 2,176 sqft
2020-06-01 0 days 2,379 sqft
2020-07-01 0 days 2,519 sqft
2020-08-01 0 days 2,756 sqft
2020-09-01 0 days 2,767 sqft
2020-10-01 0 days 2,779 sqft
2020-11-01 0 days 2,574 sqft
2020-12-01 0 days 2,240 sqft
2021-01-01 0 days 2,208 sqft
2021-02-01 0 days 2,321 sqft
2021-03-01 0 days 2,473 sqft
2021-04-01 0 days 2,187 sqft
2021-05-01 0 days 2,259 sqft
2021-06-01 0 days 2,394 sqft
2021-07-01 0 days 2,638 sqft
2021-08-01 0 days 2,661 sqft
2021-09-01 0 days 2,539 sqft
2021-10-01 0 days 2,296 sqft
2021-11-01 0 days 2,413 sqft
2021-12-01 0 days 2,523 sqft
2022-01-01 0 days 2,399 sqft
2022-02-01 0 days 2,189 sqft
2022-03-01 0 days 2,202 sqft
2022-04-01 0 days 2,200 sqft
2022-05-01 0 days 2,118 sqft
2022-06-01 0 days 2,098 sqft
2022-07-01 0 days 2,215 sqft
2022-08-01 0 days 2,231 sqft
2022-09-01 0 days 2,267 sqft
2022-10-01 0 days 2,336 sqft
2022-11-01 0 days 2,418 sqft
2022-12-01 0 days 2,293 sqft
2023-01-01 0 days 2,220 sqft
2023-02-01 0 days 2,115 sqft
2023-03-01 0 days 2,247 sqft
2023-04-01 0 days 2,204 sqft
2023-05-01 0 days 2,187 sqft
2023-06-01 0 days 2,078 sqft
2023-07-01 0 days 2,020 sqft
2023-08-01 0 days 2,070 sqft
2023-09-01 0 days 2,065 sqft
2023-10-01 0 days 2,105 sqft
2023-11-01 0 days 2,098 sqft
2023-12-01 0 days 2,084 sqft
2024-01-01 0 days 2,152 sqft
2024-02-01 0 days 2,119 sqft
2024-03-01 0 days 2,224 sqft
2024-04-01 0 days 2,237 sqft
2024-05-01 0 days 2,254 sqft
2024-06-01 0 days 2,124 sqft
2024-07-01 0 days 2,155 sqft
2024-08-01 0 days 2,100 sqft
2024-09-01 0 days 2,130 sqft
2024-10-01 0 days 2,181 sqft
Rexburg's median listing age (time on market) for 2024-10-01 was 0 days.

Rexburg's median square footage for active listings during the 2024-10-01 period was 2,181 sqft. One year prior, the average listing was 2,105 sqft.