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
6.6%
for the week of 2024-04-19, compared to the national average (all USDA variants) of
6.863% for the same period.
Sioux City's average USDA mortgage closing costs are $4,131.
The average rate for the prior week (2024-04-12) was
6.45% and
one month ago for the week of 2024-03-15, the
average rate was 6.64%.
The average rate one year ago was 5.97%.
For refis of the same type during the week of 2024-04-19, the average rate
was 7.06%.
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 | $209,000 (17.2%) | $267,531 (9.0%) | 0.74 | 310 |
| 2018-02-01 | $209,863 (17.9%) | $270,215 (15.8%) | 0.75 | 296 |
| 2018-03-01 | $219,900 (18.9%) | $261,810 (8.6%) | 0.71 | 300 |
| 2018-04-01 | $216,450 (12.2%) | $257,976 (5.7%) | 0.69 | 325 |
| 2018-05-01 | $224,975 (16.9%) | $263,283 (3.1%) | 0.70 | 318 |
| 2018-06-01 | $224,900 (18.4%) | $264,335 (3.6%) | 0.72 | 321 |
| 2018-07-01 | $224,950 (12.5%) | $266,536 (5.3%) | 0.73 | 319 |
| 2018-08-01 | $210,499 (5.3%) | $260,234 (2.9%) | 0.69 | 320 |
| 2018-09-01 | $200,000 (0.0%) | $256,460 (-0.1%) | 0.70 | 343 |
| 2018-10-01 | $209,938 (5.0%) | $256,192 (0.0%) | 0.72 | 341 |
| 2018-11-01 | $202,000 (1.2%) | $252,981 (1.8%) | 0.70 | 354 |
| 2018-12-01 | $199,450 (-4.6%) | $255,955 (-1.6%) | 0.70 | 344 |
| 2019-01-01 | $196,125 (-6.2%) | $246,290 (-7.9%) | 0.69 | 344 |
| 2019-02-01 | $204,500 (-2.6%) | $250,711 (-7.2%) | 0.72 | 313 |
| 2019-03-01 | $226,143 (2.8%) | $264,090 (0.9%) | 0.73 | 288 |
| 2019-04-01 | $249,338 (15.2%) | $283,899 (10.1%) | 0.76 | 268 |
| 2019-05-01 | $249,988 (11.1%) | $297,044 (12.8%) | 0.76 | 275 |
| 2019-06-01 | $250,000 (11.2%) | $298,226 (12.8%) | 0.77 | 284 |
| 2019-07-01 | $239,450 (6.5%) | $286,316 (7.4%) | 0.73 | 293 |
| 2019-08-01 | $228,336 (8.5%) | $277,804 (6.8%) | 0.71 | 317 |
| 2019-09-01 | $212,341 (6.2%) | $263,466 (2.7%) | 0.69 | 351 |
| 2019-10-01 | $199,325 (-5.1%) | $251,926 (-1.7%) | 0.63 | 384 |
| 2019-11-01 | $193,750 (-4.1%) | $245,878 (-2.8%) | 0.62 | 380 |
| 2019-12-01 | $189,699 (-4.9%) | $246,197 (-3.8%) | 0.64 | 353 |
| 2020-01-01 | $189,000 (-3.6%) | $246,683 (0.2%) | 0.64 | 337 |
| 2020-02-01 | $189,950 (-7.1%) | $247,584 (-1.3%) | 0.64 | 309 |
| 2020-03-01 | $202,500 (-10.5%) | $256,592 (-2.8%) | 0.63 | 305 |
| 2020-04-01 | $214,725 (-13.9%) | $260,377 (-8.3%) | 0.69 | 301 |
| 2020-05-01 | $231,000 (-7.6%) | $277,678 (-6.5%) | 0.70 | 301 |
| 2020-06-01 | $234,475 (-6.2%) | $272,006 (-8.8%) | 0.68 | 320 |
| 2020-07-01 | $237,463 (-0.8%) | $274,590 (-4.1%) | 0.68 | 293 |
| 2020-08-01 | $221,000 (-3.2%) | $273,882 (-1.4%) | 0.64 | 273 |
| 2020-09-01 | $218,500 (2.9%) | $275,978 (4.8%) | 0.64 | 269 |
| 2020-10-01 | $220,000 (10.4%) | $275,257 (9.3%) | 0.62 | 250 |
| 2020-11-01 | $218,825 (12.9%) | $278,688 (13.3%) | 0.63 | 244 |
| 2020-12-01 | $227,475 (19.9%) | $279,618 (13.6%) | 0.68 | 213 |
| 2021-01-01 | $248,450 (31.5%) | $287,546 (16.6%) | 0.73 | 190 |
| 2021-02-01 | $263,750 (38.9%) | $299,636 (21.0%) | 0.73 | 177 |
| 2021-03-01 | $269,925 (33.3%) | $306,010 (19.3%) | 0.73 | 165 |
| 2021-04-01 | $276,200 (28.6%) | $322,410 (23.8%) | 0.75 | 154 |
| 2021-05-01 | $255,000 (10.4%) | $306,727 (10.5%) | 0.70 | 157 |
| 2021-06-01 | $254,950 (8.7%) | $297,489 (9.4%) | 0.69 | 163 |
| 2021-07-01 | $225,000 (-5.3%) | $286,749 (4.4%) | 0.61 | 176 |
| 2021-08-01 | $219,575 (-0.6%) | $285,222 (4.1%) | 0.60 | 202 |
| 2021-09-01 | $202,450 (-7.4%) | $266,651 (-3.4%) | 0.54 | 199 |
| 2021-10-01 | $199,000 (-9.6%) | $257,821 (-6.3%) | 0.53 | 197 |
| 2021-11-01 | $193,350 (-11.6%) | $297,816 (6.9%) | 0.51 | 175 |
| 2021-12-01 | $205,000 (-9.9%) | $316,562 (13.2%) | 0.55 | 147 |
| 2022-01-01 | $205,000 (-17.5%) | $345,757 (20.2%) | 0.55 | 115 |
| 2022-02-01 | $287,250 (8.9%) | $389,296 (29.9%) | 0.74 | 112 |
| 2022-03-01 | $305,000 (13.0%) | $400,661 (30.9%) | 0.73 | 102 |
| 2022-04-01 | $300,000 (8.6%) | $389,195 (20.7%) | 0.73 | 109 |
| 2022-05-01 | $300,000 (17.7%) | $397,681 (29.7%) | 0.69 | 131 |
| 2022-06-01 | $312,250 (22.5%) | $400,202 (34.5%) | 0.68 | 153 |
| 2022-07-01 | $295,000 (31.1%) | $376,055 (31.1%) | 0.66 | 179 |
| 2022-08-01 | $292,725 (33.3%) | $374,425 (31.3%) | 0.66 | 185 |
| 2022-09-01 | $284,988 (40.8%) | $368,343 (38.1%) | 0.00 | 187 |
| 2022-10-01 | $297,000 (49.3%) | $356,656 (38.3%) | 0.00 | 188 |
| 2022-11-01 | $294,000 (52.1%) | $350,748 (17.8%) | 0.00 | 226 |
| 2022-12-01 | $307,500 (50.0%) | $390,205 (23.3%) | 0.00 | 223 |
| 2023-01-01 | $312,875 (52.6%) | $396,123 (14.6%) | 0.00 | 199 |
| 2023-02-01 | $308,500 (7.4%) | $403,415 (3.6%) | 0.00 | 197 |
| 2023-03-01 | $335,575 (10.0%) | $423,661 (5.7%) | 0.00 | 187 |
| 2023-04-01 | $344,500 (14.8%) | $430,874 (10.7%) | 0.00 | 178 |
| 2023-05-01 | $330,000 (10.0%) | $427,164 (7.4%) | 0.00 | 191 |
| 2023-06-01 | $342,250 (9.6%) | $429,800 (7.4%) | 0.00 | 207 |
| 2023-07-01 | $335,000 (13.6%) | $411,440 (9.4%) | 0.00 | 221 |
| 2023-08-01 | $319,700 (9.2%) | $406,273 (8.5%) | 0.00 | 231 |
| 2023-09-01 | $284,950 (0.0%) | $385,780 (4.7%) | 0.00 | 274 |
| 2023-10-01 | $270,738 (-8.8%) | $376,637 (5.6%) | 0.00 | 266 |
| 2023-11-01 | $256,875 (-12.6%) | $350,937 (0.1%) | 0.00 | 278 |
| 2023-12-01 | $252,950 (-17.7%) | $354,017 (-9.3%) | 0.00 | 259 |
| 2024-01-01 | $250,713 (-19.9%) | $352,647 (-11.0%) | 0.00 | 238 |
| 2024-02-01 | $249,975 (-19.0%) | $359,927 (-10.8%) | 0.00 | 214 |
| 2024-03-01 | $282,425 (-15.8%) | $379,485 (-10.4%) | 0.00 | 231 |
Sioux City's median listing price comes in at 0% of the national average.
Sioux City's average listing price for 2024-03-01 was $379,485, a difference of $-44,176 (-10.4%) versus the prior year and $19,558 versus the prior month.
For the 2024-03-01 period, Sioux City had 231 MLS listings, a difference of 17 listings (8%) versus the prior month and 44 listings (24%) 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 | 1,948 sqft |
| 2018-02-01 | 94 days | 1,978 sqft |
| 2018-03-01 | 74 days | 1,945 sqft |
| 2018-04-01 | 50 days | 1,933 sqft |
| 2018-05-01 | 53 days | 1,965 sqft |
| 2018-06-01 | 57 days | 1,982 sqft |
| 2018-07-01 | 61 days | 1,958 sqft |
| 2018-08-01 | 58 days | 2,005 sqft |
| 2018-09-01 | 51 days | 1,954 sqft |
| 2018-10-01 | 58 days | 1,965 sqft |
| 2018-11-01 | 59 days | 1,916 sqft |
| 2018-12-01 | 72 days | 1,900 sqft |
| 2019-01-01 | 88 days | 1,886 sqft |
| 2019-02-01 | 95 days | 1,838 sqft |
| 2019-03-01 | 90 days | 1,850 sqft |
| 2019-04-01 | 64 days | 1,903 sqft |
| 2019-05-01 | 48 days | 1,982 sqft |
| 2019-06-01 | 56 days | 2,016 sqft |
| 2019-07-01 | 52 days | 1,975 sqft |
| 2019-08-01 | 55 days | 1,959 sqft |
| 2019-09-01 | 51 days | 1,942 sqft |
| 2019-10-01 | 49 days | 1,920 sqft |
| 2019-11-01 | 59 days | 1,910 sqft |
| 2019-12-01 | 72 days | 1,924 sqft |
| 2020-01-01 | 84 days | 1,930 sqft |
| 2020-02-01 | 80 days | 1,936 sqft |
| 2020-03-01 | 63 days | 1,965 sqft |
| 2020-04-01 | 67 days | 1,929 sqft |
| 2020-05-01 | 64 days | 1,958 sqft |
| 2020-06-01 | 54 days | 1,930 sqft |
| 2020-07-01 | 57 days | 1,908 sqft |
| 2020-08-01 | 65 days | 1,824 sqft |
| 2020-09-01 | 58 days | 1,851 sqft |
| 2020-10-01 | 55 days | 1,902 sqft |
| 2020-11-01 | 58 days | 1,837 sqft |
| 2020-12-01 | 71 days | 1,755 sqft |
| 2021-01-01 | 85 days | 1,767 sqft |
| 2021-02-01 | 94 days | 1,773 sqft |
| 2021-03-01 | 64 days | 1,822 sqft |
| 2021-04-01 | 50 days | 1,921 sqft |
| 2021-05-01 | 38 days | 1,872 sqft |
| 2021-06-01 | 37 days | 1,853 sqft |
| 2021-07-01 | 32 days | 1,817 sqft |
| 2021-08-01 | 38 days | 1,704 sqft |
| 2021-09-01 | 41 days | 1,611 sqft |
| 2021-10-01 | 37 days | 1,668 sqft |
| 2021-11-01 | 45 days | 1,616 sqft |
| 2021-12-01 | 55 days | 1,616 sqft |
| 2022-01-01 | 67 days | 1,569 sqft |
| 2022-02-01 | 37 days | 1,696 sqft |
| 2022-03-01 | 46 days | 1,776 sqft |
| 2022-04-01 | 38 days | 1,753 sqft |
| 2022-05-01 | 34 days | 1,851 sqft |
| 2022-06-01 | 30 days | 1,937 sqft |
| 2022-07-01 | 35 days | 1,928 sqft |
| 2022-08-01 | 39 days | 1,930 sqft |
| 2022-09-01 | 0 days | 1,919 sqft |
| 2022-10-01 | 0 days | 1,992 sqft |
| 2022-11-01 | 0 days | 1,918 sqft |
| 2022-12-01 | 0 days | 2,103 sqft |
| 2023-01-01 | 0 days | 2,144 sqft |
| 2023-02-01 | 0 days | 2,141 sqft |
| 2023-03-01 | 0 days | 2,240 sqft |
| 2023-04-01 | 0 days | 2,259 sqft |
| 2023-05-01 | 0 days | 2,104 sqft |
| 2023-06-01 | 0 days | 2,170 sqft |
| 2023-07-01 | 0 days | 2,100 sqft |
| 2023-08-01 | 0 days | 2,102 sqft |
| 2023-09-01 | 0 days | 2,067 sqft |
| 2023-10-01 | 0 days | 1,981 sqft |
| 2023-11-01 | 0 days | 1,873 sqft |
| 2023-12-01 | 0 days | 1,869 sqft |
| 2024-01-01 | 0 days | 1,874 sqft |
| 2024-02-01 | 0 days | 1,874 sqft |
| 2024-03-01 | 0 days | 1,904 sqft |
Sioux City's median square footage for active listings during the 2024-03-01 period was 1,904 sqft. One year prior, the average listing was 2,240 sqft.