Rexburg USDA Loan Rates, Closing Costs & Stats

Rexburg, ID

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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.

    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 6.56% for the week of 2024-04-19, compared to the national average (all USDA variants) of 6.863% for the same period.

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

    The average rate for the prior week (2024-04-12) was 6.41% and one month ago for the week of 2024-03-15, the average rate was 6.49%.

    The average rate one year ago was 6.43%.

    For refis of the same type during the week of 2024-04-19, the average rate was 6.86%.

    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
    Rexburg's median listing price for 2024-03-01 was $515,450, a difference of $16,225 (3.3%) versus the prior year and $13,000 versus the prior month.

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

    Rexburg's average listing price for 2024-03-01 was $824,215, a difference of $42,271 (5.4%) versus the prior year and $54,929 versus the prior month.

    For the 2024-03-01 period, Rexburg had 142 MLS listings, a difference of 7 listings (5%) versus the prior month and 22 listings (18%) 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
    Rexburg's median listing age (time on market) for 2024-03-01 was 0 days.

    Rexburg's median square footage for active listings during the 2024-03-01 period was 2,224 sqft. One year prior, the average listing was 2,247 sqft.