Sioux City USDA Loan Rates, Closing Costs & Stats
SIOUX CITY, IA-NE-SD
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.
Sioux City's 4 lenders originated 4 USDA loans during 2023. The total origination value was $440,000, with an average USDA loan value of $110,000.
Sioux City USDA Loans, 30 Year Fixed Rates
30 Year USDA mortgages in Sioux City
averaged
6.16%
for the week of 2025-02-14, compared to the national average (all USDA variants) of
6.526% for the same period.
Sioux City's average USDA mortgage closing costs are $4,131.
The average rate for the prior week (2025-02-07) was
6.22% and
one month ago for the week of 2025-01-10, the
average rate was 6.57%.
The average rate one year ago was 6.36%.
For refis of the same type during the week of 2025-02-14, the average rate
was 6.63%.
Sioux City 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 Sioux City level.
| Name | # of Loans | 2023 Avg. 30yFix Rate | 2023 Avg. Closing Costs |
|---|---|---|---|
| Central Bank | 1 | 7.25% | $5,214 |
| First Bank & Trust | 1 | 6.25% | $3,285 |
| Great Southern Bank | 1 | 6.38% | $4,064 |
| IOWA BANKERS MORTGAGE CORPORATION | 1 | 5.88% | $3,703 |
The top Sioux City USDA lender as defined by loan originations is Central Bank, with
1 USDA loans originated. Their average total fees are
$5,214, which is $1,929
higher than the next largest lender,
First Bank & Trust.
The lowest fee Sioux City USDA lenders (with over 10 loans originated) are
.
The lowest rate Sioux City USDA lenders (with over 10 loans originated) are
.
Market Conditions (Median, Average Prices & Listing Count)
Realtor.com - Sioux City (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 | $206,000 (14.5%) | $264,028 (7.2%) | 0.74 | 295 |
| 2018-02-01 | $209,788 (17.0%) | $267,782 (14.2%) | 0.75 | 282 |
| 2018-03-01 | $219,900 (18.0%) | $259,655 (7.2%) | 0.71 | 287 |
| 2018-04-01 | $218,175 (12.8%) | $256,267 (5.0%) | 0.69 | 307 |
| 2018-05-01 | $225,000 (18.1%) | $262,812 (3.6%) | 0.70 | 295 |
| 2018-06-01 | $220,000 (15.8%) | $263,302 (4.4%) | 0.72 | 297 |
| 2018-07-01 | $224,950 (12.8%) | $268,749 (7.5%) | 0.73 | 298 |
| 2018-08-01 | $213,975 (8.1%) | $260,262 (4.2%) | 0.69 | 298 |
| 2018-09-01 | $204,500 (2.8%) | $256,206 (1.1%) | 0.70 | 323 |
| 2018-10-01 | $210,463 (5.3%) | $255,734 (0.8%) | 0.72 | 323 |
| 2018-11-01 | $203,000 (2.0%) | $252,357 (2.5%) | 0.70 | 334 |
| 2018-12-01 | $199,900 (-0.1%) | $255,911 (-1.5%) | 0.70 | 326 |
| 2019-01-01 | $196,624 (-4.6%) | $245,541 (-7.0%) | 0.69 | 326 |
| 2019-02-01 | $212,988 (1.5%) | $250,438 (-6.5%) | 0.72 | 299 |
| 2019-03-01 | $229,979 (4.6%) | $264,185 (1.7%) | 0.73 | 275 |
| 2019-04-01 | $249,963 (14.6%) | $285,470 (11.4%) | 0.76 | 255 |
| 2019-05-01 | $250,965 (11.5%) | $299,162 (13.8%) | 0.76 | 258 |
| 2019-06-01 | $259,000 (17.7%) | $304,896 (15.8%) | 0.77 | 267 |
| 2019-07-01 | $245,000 (8.9%) | $291,915 (8.6%) | 0.73 | 276 |
| 2019-08-01 | $234,766 (9.7%) | $283,252 (8.8%) | 0.71 | 299 |
| 2019-09-01 | $219,415 (7.3%) | $268,545 (4.8%) | 0.69 | 331 |
| 2019-10-01 | $205,213 (-2.5%) | $256,870 (0.4%) | 0.63 | 362 |
| 2019-11-01 | $199,950 (-1.5%) | $251,561 (-0.3%) | 0.62 | 357 |
| 2019-12-01 | $197,725 (-1.1%) | $250,771 (-2.0%) | 0.64 | 333 |
| 2020-01-01 | $199,125 (1.3%) | $251,983 (2.6%) | 0.64 | 319 |
| 2020-02-01 | $199,700 (-6.2%) | $254,828 (1.8%) | 0.64 | 292 |
| 2020-03-01 | $214,700 (-6.6%) | $261,794 (-0.9%) | 0.63 | 285 |
| 2020-04-01 | $219,950 (-12.0%) | $264,407 (-7.4%) | 0.69 | 281 |
| 2020-05-01 | $232,500 (-7.4%) | $275,857 (-7.8%) | 0.70 | 292 |
| 2020-06-01 | $234,913 (-9.3%) | $272,724 (-10.6%) | 0.68 | 311 |
| 2020-07-01 | $238,600 (-2.6%) | $276,174 (-5.4%) | 0.68 | 282 |
| 2020-08-01 | $225,000 (-4.2%) | $275,181 (-2.9%) | 0.64 | 262 |
| 2020-09-01 | $223,500 (1.9%) | $278,026 (3.5%) | 0.64 | 259 |
| 2020-10-01 | $221,950 (8.2%) | $276,867 (7.8%) | 0.62 | 242 |
| 2020-11-01 | $219,725 (9.9%) | $278,962 (10.9%) | 0.63 | 235 |
| 2020-12-01 | $227,475 (15.1%) | $275,846 (10.0%) | 0.68 | 204 |
| 2021-01-01 | $248,450 (24.8%) | $286,919 (13.9%) | 0.73 | 181 |
| 2021-02-01 | $262,500 (31.5%) | $299,754 (17.6%) | 0.73 | 167 |
| 2021-03-01 | $269,925 (25.7%) | $304,698 (16.4%) | 0.73 | 157 |
| 2021-04-01 | $280,950 (27.7%) | $321,419 (21.6%) | 0.75 | 145 |
| 2021-05-01 | $259,900 (11.8%) | $307,750 (11.6%) | 0.70 | 146 |
| 2021-06-01 | $254,950 (8.5%) | $293,846 (7.7%) | 0.69 | 157 |
| 2021-07-01 | $229,000 (-4.0%) | $285,765 (3.5%) | 0.61 | 169 |
| 2021-08-01 | $221,200 (-1.7%) | $288,245 (4.8%) | 0.60 | 197 |
| 2021-09-01 | $201,213 (-10.0%) | $268,988 (-3.3%) | 0.54 | 193 |
| 2021-10-01 | $199,250 (-10.2%) | $260,753 (-5.8%) | 0.53 | 192 |
| 2021-11-01 | $192,850 (-12.2%) | $296,988 (6.5%) | 0.51 | 171 |
| 2021-12-01 | $203,725 (-10.4%) | $316,086 (14.6%) | 0.55 | 143 |
| 2022-01-01 | $205,000 (-17.5%) | $349,540 (21.8%) | 0.55 | 111 |
| 2022-02-01 | $298,250 (13.6%) | $393,317 (31.2%) | 0.74 | 108 |
| 2022-03-01 | $307,500 (13.9%) | $402,874 (32.2%) | 0.73 | 97 |
| 2022-04-01 | $300,000 (6.8%) | $391,673 (21.9%) | 0.73 | 103 |
| 2022-05-01 | $307,250 (18.2%) | $402,708 (30.9%) | 0.69 | 120 |
| 2022-06-01 | $312,000 (22.4%) | $405,527 (38.0%) | 0.68 | 141 |
| 2022-07-01 | $295,000 (28.8%) | $377,764 (32.2%) | 0.66 | 170 |
| 2022-08-01 | $290,000 (31.1%) | $375,894 (30.4%) | 0.66 | 174 |
| 2022-09-01 | $279,950 (39.1%) | $369,295 (37.3%) | 0.00 | 177 |
| 2022-10-01 | $297,000 (49.1%) | $355,854 (36.5%) | 0.00 | 181 |
| 2022-11-01 | $297,100 (54.1%) | $353,361 (19.0%) | 0.00 | 216 |
| 2022-12-01 | $314,700 (54.5%) | $393,947 (24.6%) | 0.00 | 215 |
| 2023-01-01 | $315,275 (53.8%) | $400,723 (14.6%) | 0.00 | 191 |
| 2023-02-01 | $315,750 (5.9%) | $409,045 (4.0%) | 0.00 | 189 |
| 2023-03-01 | $339,500 (10.4%) | $431,840 (7.2%) | 0.00 | 177 |
| 2023-04-01 | $360,000 (20.0%) | $439,465 (12.2%) | 0.00 | 170 |
| 2023-05-01 | $336,844 (9.6%) | $433,404 (7.6%) | 0.00 | 181 |
| 2023-06-01 | $346,000 (10.9%) | $435,517 (7.4%) | 0.00 | 191 |
| 2023-07-01 | $339,900 (15.2%) | $416,611 (10.3%) | 0.00 | 203 |
| 2023-08-01 | $319,475 (10.2%) | $409,050 (8.8%) | 0.00 | 212 |
| 2023-09-01 | $284,975 (1.8%) | $388,697 (5.3%) | 0.00 | 252 |
| 2023-10-01 | $271,363 (-8.6%) | $380,814 (7.0%) | 0.00 | 246 |
| 2023-11-01 | $252,400 (-15.1%) | $352,598 (-0.2%) | 0.00 | 259 |
| 2023-12-01 | $252,950 (-19.6%) | $357,123 (-9.4%) | 0.00 | 241 |
| 2024-01-01 | $252,000 (-20.1%) | $357,508 (-10.8%) | 0.00 | 220 |
| 2024-02-01 | $250,363 (-20.7%) | $363,934 (-11.0%) | 0.00 | 203 |
| 2024-03-01 | $284,950 (-16.1%) | $385,642 (-10.7%) | 0.00 | 223 |
| 2024-04-01 | $304,988 (-15.3%) | $387,663 (-11.8%) | 0.00 | 233 |
| 2024-05-01 | $324,988 (-3.5%) | $397,509 (-8.3%) | 0.00 | 241 |
| 2024-06-01 | $315,000 (-9.0%) | $388,019 (-10.9%) | 0.00 | 252 |
| 2024-07-01 | $306,125 (-9.9%) | $377,818 (-9.3%) | 0.00 | 263 |
| 2024-08-01 | $279,000 (-12.7%) | $365,937 (-10.5%) | 0.00 | 268 |
| 2024-09-01 | $295,000 (3.5%) | $375,589 (-3.4%) | 0.00 | 268 |
| 2024-10-01 | $284,450 (4.8%) | $374,510 (-1.7%) | 0.00 | 260 |
| 2024-11-01 | $282,500 (11.9%) | $362,525 (2.8%) | 0.00 | 253 |
| 2024-12-01 | $289,725 (14.5%) | $356,378 (-0.2%) | 0.00 | 230 |
| 2025-01-01 | $295,983 (17.5%) | $361,439 (1.1%) | 0.00 | 216 |
Sioux City's median listing price comes in at 0% of the national average.
Sioux City's average listing price for 2025-01-01 was $361,439, a difference of $3,931 (1.1%) versus the prior year and $5,061 versus the prior month.
For the 2025-01-01 period, Sioux City had 216 MLS listings, a difference of -14 listings (-6%) versus the prior month and -4 listings (-2%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Sioux City (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis| Date | Median Listing Time on Market | Median Square Footage |
|---|---|---|
| 2018-01-01 | 95 days | 1,904 sqft |
| 2018-02-01 | 94 days | 1,961 sqft |
| 2018-03-01 | 74 days | 1,910 sqft |
| 2018-04-01 | 50 days | 1,904 sqft |
| 2018-05-01 | 53 days | 1,947 sqft |
| 2018-06-01 | 57 days | 1,952 sqft |
| 2018-07-01 | 61 days | 1,950 sqft |
| 2018-08-01 | 58 days | 2,016 sqft |
| 2018-09-01 | 51 days | 1,964 sqft |
| 2018-10-01 | 58 days | 1,978 sqft |
| 2018-11-01 | 59 days | 1,918 sqft |
| 2018-12-01 | 72 days | 1,899 sqft |
| 2019-01-01 | 88 days | 1,878 sqft |
| 2019-02-01 | 95 days | 1,816 sqft |
| 2019-03-01 | 90 days | 1,844 sqft |
| 2019-04-01 | 64 days | 1,890 sqft |
| 2019-05-01 | 48 days | 1,969 sqft |
| 2019-06-01 | 56 days | 2,016 sqft |
| 2019-07-01 | 52 days | 1,980 sqft |
| 2019-08-01 | 55 days | 1,967 sqft |
| 2019-09-01 | 51 days | 1,949 sqft |
| 2019-10-01 | 49 days | 1,924 sqft |
| 2019-11-01 | 59 days | 1,917 sqft |
| 2019-12-01 | 72 days | 1,937 sqft |
| 2020-01-01 | 84 days | 1,933 sqft |
| 2020-02-01 | 80 days | 1,932 sqft |
| 2020-03-01 | 63 days | 1,960 sqft |
| 2020-04-01 | 67 days | 1,910 sqft |
| 2020-05-01 | 64 days | 1,932 sqft |
| 2020-06-01 | 54 days | 1,920 sqft |
| 2020-07-01 | 57 days | 1,905 sqft |
| 2020-08-01 | 65 days | 1,820 sqft |
| 2020-09-01 | 58 days | 1,833 sqft |
| 2020-10-01 | 55 days | 1,898 sqft |
| 2020-11-01 | 58 days | 1,830 sqft |
| 2020-12-01 | 71 days | 1,737 sqft |
| 2021-01-01 | 85 days | 1,751 sqft |
| 2021-02-01 | 94 days | 1,731 sqft |
| 2021-03-01 | 64 days | 1,790 sqft |
| 2021-04-01 | 50 days | 1,914 sqft |
| 2021-05-01 | 38 days | 1,864 sqft |
| 2021-06-01 | 37 days | 1,862 sqft |
| 2021-07-01 | 32 days | 1,836 sqft |
| 2021-08-01 | 38 days | 1,711 sqft |
| 2021-09-01 | 41 days | 1,622 sqft |
| 2021-10-01 | 37 days | 1,658 sqft |
| 2021-11-01 | 45 days | 1,610 sqft |
| 2021-12-01 | 55 days | 1,591 sqft |
| 2022-01-01 | 67 days | 1,550 sqft |
| 2022-02-01 | 37 days | 1,687 sqft |
| 2022-03-01 | 46 days | 1,744 sqft |
| 2022-04-01 | 38 days | 1,730 sqft |
| 2022-05-01 | 34 days | 1,793 sqft |
| 2022-06-01 | 30 days | 1,920 sqft |
| 2022-07-01 | 35 days | 1,877 sqft |
| 2022-08-01 | 39 days | 1,895 sqft |
| 2022-09-01 | 0 days | 1,882 sqft |
| 2022-10-01 | 0 days | 1,977 sqft |
| 2022-11-01 | 0 days | 1,916 sqft |
| 2022-12-01 | 0 days | 2,098 sqft |
| 2023-01-01 | 0 days | 2,139 sqft |
| 2023-02-01 | 0 days | 2,135 sqft |
| 2023-03-01 | 0 days | 2,239 sqft |
| 2023-04-01 | 0 days | 2,352 sqft |
| 2023-05-01 | 0 days | 2,096 sqft |
| 2023-06-01 | 0 days | 2,167 sqft |
| 2023-07-01 | 0 days | 2,072 sqft |
| 2023-08-01 | 0 days | 2,100 sqft |
| 2023-09-01 | 0 days | 2,062 sqft |
| 2023-10-01 | 0 days | 1,981 sqft |
| 2023-11-01 | 0 days | 1,845 sqft |
| 2023-12-01 | 0 days | 1,822 sqft |
| 2024-01-01 | 0 days | 1,809 sqft |
| 2024-02-01 | 0 days | 1,844 sqft |
| 2024-03-01 | 0 days | 1,884 sqft |
| 2024-04-01 | 0 days | 2,045 sqft |
| 2024-05-01 | 0 days | 2,026 sqft |
| 2024-06-01 | 0 days | 2,092 sqft |
| 2024-07-01 | 0 days | 1,976 sqft |
| 2024-08-01 | 0 days | 1,980 sqft |
| 2024-09-01 | 0 days | 2,013 sqft |
| 2024-10-01 | 0 days | 1,990 sqft |
| 2024-11-01 | 0 days | 1,912 sqft |
| 2024-12-01 | 0 days | 1,820 sqft |
| 2025-01-01 | 0 days | 1,839 sqft |
Sioux City's median square footage for active listings during the 2025-01-01 period was 1,839 sqft. One year prior, the average listing was 1,809 sqft.