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 6.44% for the week of 2024-06-07, compared to the national average (all USDA variants) of 6.699% for the same period.

Sioux City's average USDA mortgage closing costs are $4,131.

The average rate for the prior week (2024-05-31) was 6.72% and one month ago for the week of 2024-05-03, the average rate was 6.51%.

The average rate one year ago was 6.61%.

For refis of the same type during the week of 2024-06-07, the average rate was 6.7%.

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

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
2024-04-01 $294,963 (-14.4%) $380,489 (-11.7%) 0.00 249
2024-05-01 $324,475 (-1.7%) $394,728 (-7.6%) 0.00 257
Sioux City's median listing price for 2024-05-01 was $324,475, a difference of $-5,525 (-1.7%) versus the prior year and $29,512 versus the prior month.

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

Sioux City's average listing price for 2024-05-01 was $394,728, a difference of $-32,436 (-7.6%) versus the prior year and $14,239 versus the prior month.

For the 2024-05-01 period, Sioux City had 257 MLS listings, a difference of 8 listings (3%) versus the prior month and 66 listings (35%) 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
2024-04-01 0 days 2,026 sqft
2024-05-01 0 days 2,046 sqft
Sioux City's median listing age (time on market) for 2024-05-01 was 0 days.

Sioux City's median square footage for active listings during the 2024-05-01 period was 2,046 sqft. One year prior, the average listing was 2,104 sqft.