Rocky Mount USDA Loan Rates, Closing Costs & Stats
ROCKY MOUNT, NC
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.
Rocky Mount's 15 lenders originated 24 USDA loans during 2023. The total origination value was $5,170,000, with an average USDA loan value of $215,417.
Rocky Mount USDA Loans, 30 Year Fixed Rates
30 Year USDA mortgages in Rocky Mount
averaged
6.25%
for the week of 2025-02-14, compared to the national average (all USDA variants) of
6.526% for the same period.
Rocky Mount's average USDA mortgage closing costs are $5,845.
The average rate for the prior week (2025-02-07) was
6.51% and
one month ago for the week of 2025-01-10, the
average rate was 6.45%.
The average rate one year ago was 6.54%.
For refis of the same type during the week of 2025-02-14, the average rate
was 6.31%.
Rocky Mount 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 Rocky Mount level.
| Name | # of Loans | 2023 Avg. 30yFix Rate | 2023 Avg. Closing Costs |
|---|---|---|---|
| GUARANTEED RATE, INC. | 3 | 5.80% | $7,709 |
| FAIRWAY INDEPENDENT MORTGAGE CORPORATION | 2 | 5.88% | $7,689 |
| ATLANTIC BAY MORTGAGE GROUP, L.L.C. | 2 | 6.88% | $8,231 |
| NVR Mortgage Finance, Inc. | 2 | 5.38% | $8,015 |
| Truist | 2 | 5.56% | $6,791 |
| JET HOMELOANS, LLC | 1 | 5.99% | $6,600 |
| MORTGAGE INVESTORS GROUP, INC. | 1 | 5.63% | $5,689 |
| MOVEMENT MORTGAGE, LLC | 1 | 6.75% | $8,670 |
| NFM, INC. | 1 | 5.50% | $7,187 |
| The Federal Savings Bank | 1 | 6.75% | $7,108 |
| HOMESIDE FINANCIAL, LLC | 1 | 6.75% | $16,429 |
| Bank of England | 1 | 6.75% | $6,468 |
| Equity Prime Mortgage LLC | 1 | 6.13% | $16,366 |
| Flagstar Bank, FSB | 1 | 7.44% | $5,422 |
| Alcova Mortgage LLC | 1 | 7.13% | $1,909 |
The top Rocky Mount USDA lender as defined by loan originations is GUARANTEED RATE, INC., with
3 USDA loans originated. Their average total fees are
$7,709, which is $20
higher than the next largest lender,
FAIRWAY INDEPENDENT MORTGAGE CORPORATION.
The lowest fee Rocky Mount USDA lenders (with over 10 loans originated) are
.
The lowest rate Rocky Mount USDA lenders (with over 10 loans originated) are
.
Market Conditions (Median, Average Prices & Listing Count)
Realtor.com - Rocky Mount (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 | $133,490 (11.3%) | $170,429 (11.0%) | 0.49 | 520 |
| 2018-02-01 | $132,500 (20.6%) | $170,486 (-7.3%) | 0.48 | 494 |
| 2018-03-01 | $135,000 (22.8%) | $174,645 (8.0%) | 0.47 | 482 |
| 2018-04-01 | $141,000 (22.7%) | $178,086 (6.6%) | 0.48 | 489 |
| 2018-05-01 | $133,948 (16.6%) | $171,498 (1.9%) | 0.45 | 528 |
| 2018-06-01 | $135,200 (14.2%) | $170,730 (6.8%) | 0.45 | 525 |
| 2018-07-01 | $135,900 (13.3%) | $172,533 (9.4%) | 0.45 | 499 |
| 2018-08-01 | $144,245 (16.4%) | $178,849 (13.9%) | 0.48 | 489 |
| 2018-09-01 | $144,695 (16.2%) | $177,598 (13.2%) | 0.49 | 474 |
| 2018-10-01 | $142,035 (10.4%) | $174,595 (7.2%) | 0.48 | 457 |
| 2018-11-01 | $135,500 (4.1%) | $169,930 (1.5%) | 0.46 | 449 |
| 2018-12-01 | $138,900 (4.6%) | $172,172 (2.0%) | 0.48 | 418 |
| 2019-01-01 | $134,150 (0.5%) | $171,425 (0.6%) | 0.46 | 423 |
| 2019-02-01 | $134,900 (1.8%) | $170,280 (-0.1%) | 0.46 | 432 |
| 2019-03-01 | $133,681 (-1.0%) | $173,101 (-0.9%) | 0.44 | 430 |
| 2019-04-01 | $132,201 (-6.2%) | $178,029 (0.0%) | 0.42 | 428 |
| 2019-05-01 | $134,945 (0.7%) | $182,204 (6.2%) | 0.42 | 425 |
| 2019-06-01 | $134,900 (-0.2%) | $190,301 (11.5%) | 0.42 | 397 |
| 2019-07-01 | $135,470 (-0.3%) | $195,998 (13.6%) | 0.42 | 391 |
| 2019-08-01 | $135,336 (-6.2%) | $191,891 (7.3%) | 0.43 | 393 |
| 2019-09-01 | $134,416 (-7.1%) | $185,613 (4.5%) | 0.43 | 396 |
| 2019-10-01 | $131,800 (-7.2%) | $177,256 (1.5%) | 0.43 | 395 |
| 2019-11-01 | $134,900 (-0.4%) | $177,940 (4.7%) | 0.44 | 382 |
| 2019-12-01 | $149,700 (7.8%) | $185,567 (7.8%) | 0.50 | 325 |
| 2020-01-01 | $148,195 (10.5%) | $185,271 (8.1%) | 0.50 | 317 |
| 2020-02-01 | $149,900 (11.1%) | $190,738 (12.0%) | 0.49 | 314 |
| 2020-03-01 | $156,900 (17.4%) | $198,001 (14.4%) | 0.49 | 305 |
| 2020-04-01 | $150,000 (13.5%) | $197,357 (10.9%) | 0.47 | 297 |
| 2020-05-01 | $151,950 (12.6%) | $198,607 (9.0%) | 0.46 | 269 |
| 2020-06-01 | $160,000 (18.6%) | $206,900 (8.7%) | 0.47 | 216 |
| 2020-07-01 | $160,000 (18.1%) | $217,464 (11.0%) | 0.46 | 191 |
| 2020-08-01 | $164,000 (21.2%) | $212,454 (10.7%) | 0.47 | 170 |
| 2020-09-01 | $165,499 (23.1%) | $216,864 (16.8%) | 0.48 | 151 |
| 2020-10-01 | $199,900 (51.7%) | $229,874 (29.7%) | 0.57 | 172 |
| 2020-11-01 | $201,200 (49.2%) | $222,917 (25.3%) | 0.59 | 170 |
| 2020-12-01 | $204,800 (36.8%) | $229,744 (23.8%) | 0.61 | 176 |
| 2021-01-01 | $199,000 (34.3%) | $227,323 (22.7%) | 0.59 | 164 |
| 2021-02-01 | $194,650 (29.9%) | $231,039 (21.1%) | 0.57 | 139 |
| 2021-03-01 | $200,625 (27.9%) | $238,601 (20.5%) | 0.57 | 124 |
| 2021-04-01 | $216,850 (44.6%) | $249,544 (26.4%) | 0.59 | 116 |
| 2021-05-01 | $222,000 (46.1%) | $255,646 (28.7%) | 0.59 | 112 |
| 2021-06-01 | $219,850 (37.4%) | $251,471 (21.5%) | 0.58 | 144 |
| 2021-07-01 | $202,450 (26.5%) | $239,356 (10.1%) | 0.53 | 167 |
| 2021-08-01 | $202,995 (23.8%) | $252,582 (18.9%) | 0.54 | 201 |
| 2021-09-01 | $199,650 (20.6%) | $252,590 (16.5%) | 0.53 | 210 |
| 2021-10-01 | $210,000 (5.1%) | $263,081 (14.5%) | 0.56 | 187 |
| 2021-11-01 | $201,875 (0.3%) | $249,540 (11.9%) | 0.54 | 209 |
| 2021-12-01 | $211,895 (3.5%) | $254,355 (10.7%) | 0.57 | 186 |
| 2022-01-01 | $223,820 (12.5%) | $263,442 (15.9%) | 0.61 | 152 |
| 2022-02-01 | $218,199 (12.1%) | $246,400 (6.7%) | 0.57 | 110 |
| 2022-03-01 | $219,500 (9.4%) | $249,149 (4.4%) | 0.55 | 91 |
| 2022-04-01 | $220,320 (1.6%) | $245,558 (-1.6%) | 0.53 | 107 |
| 2022-05-01 | $232,450 (4.7%) | $258,887 (1.3%) | 0.53 | 147 |
| 2022-06-01 | $249,900 (13.7%) | $277,494 (10.4%) | 0.56 | 155 |
| 2022-07-01 | $250,000 (23.5%) | $280,839 (17.3%) | 0.57 | 196 |
| 2022-08-01 | $273,650 (34.8%) | $286,569 (13.5%) | 0.63 | 237 |
| 2022-09-01 | $284,030 (42.3%) | $294,249 (16.5%) | 0.66 | 249 |
| 2022-10-01 | $277,450 (32.1%) | $292,338 (11.1%) | 0.65 | 293 |
| 2022-11-01 | $277,424 (37.4%) | $291,938 (17.0%) | 0.67 | 318 |
| 2022-12-01 | $269,900 (27.4%) | $294,643 (15.8%) | 0.67 | 301 |
| 2023-01-01 | $276,623 (23.6%) | $302,689 (14.9%) | 0.69 | 271 |
| 2023-02-01 | $277,995 (27.4%) | $300,548 (22.0%) | 0.67 | 264 |
| 2023-03-01 | $289,900 (32.1%) | $309,526 (24.2%) | 0.68 | 250 |
| 2023-04-01 | $294,900 (33.9%) | $310,232 (26.3%) | 0.69 | 237 |
| 2023-05-01 | $299,945 (29.0%) | $307,871 (18.9%) | 0.68 | 219 |
| 2023-06-01 | $306,593 (22.7%) | $322,344 (16.2%) | 0.69 | 245 |
| 2023-07-01 | $300,000 (20.0%) | $305,681 (8.9%) | 0.68 | 236 |
| 2023-08-01 | $300,245 (9.7%) | $308,724 (7.7%) | 0.69 | 231 |
| 2023-09-01 | $299,990 (5.6%) | $310,757 (5.6%) | 0.70 | 245 |
| 2023-10-01 | $299,970 (8.1%) | $298,958 (2.3%) | 0.71 | 260 |
| 2023-11-01 | $287,250 (3.5%) | $292,455 (0.2%) | 0.68 | 287 |
| 2023-12-01 | $291,150 (7.9%) | $291,023 (-1.2%) | 0.71 | 312 |
| 2024-01-01 | $287,288 (3.9%) | $288,791 (-4.6%) | 0.70 | 299 |
| 2024-02-01 | $279,498 (0.5%) | $287,359 (-4.4%) | 0.67 | 305 |
| 2024-03-01 | $277,400 (-4.3%) | $286,618 (-7.4%) | 0.66 | 306 |
| 2024-04-01 | $302,850 (2.7%) | $298,499 (-3.8%) | 0.71 | 296 |
| 2024-05-01 | $292,995 (-2.3%) | $297,589 (-3.3%) | 0.67 | 319 |
| 2024-06-01 | $299,450 (-2.3%) | $301,796 (-6.4%) | 0.67 | 351 |
| 2024-07-01 | $284,950 (-5.0%) | $297,337 (-2.7%) | 0.65 | 345 |
| 2024-08-01 | $279,995 (-6.7%) | $295,260 (-4.4%) | 0.65 | 368 |
| 2024-09-01 | $289,900 (-3.4%) | $298,068 (-4.1%) | 0.68 | 370 |
| 2024-10-01 | $295,500 (-1.5%) | $303,699 (1.6%) | 0.70 | 381 |
| 2024-11-01 | $285,380 (-0.7%) | $304,845 (4.2%) | 0.68 | 409 |
| 2024-12-01 | $282,748 (-2.9%) | $295,691 (1.6%) | 0.70 | 412 |
| 2025-01-01 | $284,990 (-0.8%) | $296,740 (2.8%) | 0.00 | 396 |
Rocky Mount's median listing price comes in at 0% of the national average.
Rocky Mount's average listing price for 2025-01-01 was $296,740, a difference of $7,949 (2.8%) versus the prior year and $1,049 versus the prior month.
For the 2025-01-01 period, Rocky Mount had 396 MLS listings, a difference of -16 listings (-4%) versus the prior month and 97 listings (32%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Rocky Mount (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis| Date | Median Listing Time on Market | Median Square Footage |
|---|---|---|
| 2018-01-01 | 109 days | 1,768 sqft |
| 2018-02-01 | 101 days | 1,737 sqft |
| 2018-03-01 | 99 days | 1,778 sqft |
| 2018-04-01 | 76 days | 1,859 sqft |
| 2018-05-01 | 62 days | 1,716 sqft |
| 2018-06-01 | 67 days | 1,740 sqft |
| 2018-07-01 | 74 days | 1,728 sqft |
| 2018-08-01 | 88 days | 1,800 sqft |
| 2018-09-01 | 88 days | 1,786 sqft |
| 2018-10-01 | 95 days | 1,767 sqft |
| 2018-11-01 | 93 days | 1,761 sqft |
| 2018-12-01 | 100 days | 1,765 sqft |
| 2019-01-01 | 94 days | 1,754 sqft |
| 2019-02-01 | 77 days | 1,730 sqft |
| 2019-03-01 | 75 days | 1,706 sqft |
| 2019-04-01 | 78 days | 1,686 sqft |
| 2019-05-01 | 80 days | 1,695 sqft |
| 2019-06-01 | 84 days | 1,698 sqft |
| 2019-07-01 | 90 days | 1,700 sqft |
| 2019-08-01 | 84 days | 1,681 sqft |
| 2019-09-01 | 79 days | 1,652 sqft |
| 2019-10-01 | 76 days | 1,632 sqft |
| 2019-11-01 | 85 days | 1,658 sqft |
| 2019-12-01 | 85 days | 1,750 sqft |
| 2020-01-01 | 96 days | 1,700 sqft |
| 2020-02-01 | 84 days | 1,819 sqft |
| 2020-03-01 | 64 days | 1,864 sqft |
| 2020-04-01 | 67 days | 1,846 sqft |
| 2020-05-01 | 75 days | 1,770 sqft |
| 2020-06-01 | 86 days | 1,875 sqft |
| 2020-07-01 | 73 days | 1,889 sqft |
| 2020-08-01 | 64 days | 1,772 sqft |
| 2020-09-01 | 53 days | 1,806 sqft |
| 2020-10-01 | 42 days | 1,777 sqft |
| 2020-11-01 | 51 days | 1,834 sqft |
| 2020-12-01 | 64 days | 1,790 sqft |
| 2021-01-01 | 64 days | 1,795 sqft |
| 2021-02-01 | 47 days | 1,866 sqft |
| 2021-03-01 | 47 days | 1,810 sqft |
| 2021-04-01 | 40 days | 1,922 sqft |
| 2021-05-01 | 43 days | 1,928 sqft |
| 2021-06-01 | 35 days | 1,985 sqft |
| 2021-07-01 | 41 days | 1,892 sqft |
| 2021-08-01 | 40 days | 1,823 sqft |
| 2021-09-01 | 43 days | 1,771 sqft |
| 2021-10-01 | 44 days | 1,809 sqft |
| 2021-11-01 | 44 days | 1,742 sqft |
| 2021-12-01 | 49 days | 1,755 sqft |
| 2022-01-01 | 56 days | 1,776 sqft |
| 2022-02-01 | 66 days | 1,651 sqft |
| 2022-03-01 | 42 days | 1,692 sqft |
| 2022-04-01 | 33 days | 1,690 sqft |
| 2022-05-01 | 31 days | 1,710 sqft |
| 2022-06-01 | 35 days | 1,678 sqft |
| 2022-07-01 | 39 days | 1,698 sqft |
| 2022-08-01 | 44 days | 1,735 sqft |
| 2022-09-01 | 52 days | 1,860 sqft |
| 2022-10-01 | 54 days | 1,894 sqft |
| 2022-11-01 | 56 days | 1,861 sqft |
| 2022-12-01 | 70 days | 1,824 sqft |
| 2023-01-01 | 86 days | 1,873 sqft |
| 2023-02-01 | 83 days | 1,880 sqft |
| 2023-03-01 | 67 days | 1,927 sqft |
| 2023-04-01 | 58 days | 1,902 sqft |
| 2023-05-01 | 51 days | 1,948 sqft |
| 2023-06-01 | 49 days | 1,899 sqft |
| 2023-07-01 | 51 days | 1,863 sqft |
| 2023-08-01 | 53 days | 1,852 sqft |
| 2023-09-01 | 47 days | 1,899 sqft |
| 2023-10-01 | 54 days | 1,840 sqft |
| 2023-11-01 | 49 days | 1,807 sqft |
| 2023-12-01 | 51 days | 1,810 sqft |
| 2024-01-01 | 62 days | 1,799 sqft |
| 2024-02-01 | 64 days | 1,741 sqft |
| 2024-03-01 | 56 days | 1,773 sqft |
| 2024-04-01 | 55 days | 1,732 sqft |
| 2024-05-01 | 52 days | 1,691 sqft |
| 2024-06-01 | 49 days | 1,711 sqft |
| 2024-07-01 | 58 days | 1,704 sqft |
| 2024-08-01 | 65 days | 1,709 sqft |
| 2024-09-01 | 66 days | 1,760 sqft |
| 2024-10-01 | 64 days | 1,800 sqft |
| 2024-11-01 | 64 days | 1,761 sqft |
| 2024-12-01 | 67 days | 1,707 sqft |
| 2025-01-01 | 0 days | 1,712 sqft |
Rocky Mount's median square footage for active listings during the 2025-01-01 period was 1,712 sqft. One year prior, the average listing was 1,799 sqft.