West Palm Beach USDA Loan Rates, Closing Costs & Stats
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL
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.
West Palm Beach USDA Loans, 30 Year Fixed Rates
30 Year USDA mortgages in West Palm Beach
averaged
0%
for the week of 2023-11-24, compared to the national average (all USDA variants) of
0% for the same period.
West Palm Beach's average USDA mortgage closing costs are $0.
The average rate for the prior week (2023-11-17) was
0% and
one month ago for the week of 2023-10-20, the
average rate was 0%.
The average rate one year ago was 0%.
For refis of the same type during the week of 2023-11-24, the average rate
was 0%.
West Palm Beach 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 West Palm Beach level.
| Name | # of Loans | 2022 Avg. 30yFix Rate | 2022 Avg. Closing Costs |
|---|
The lowest fee West Palm Beach USDA lenders (with over 10 loans originated) are
.
The lowest rate West Palm Beach USDA lenders (with over 10 loans originated) are
.
Market Conditions (Median, Average Prices & Listing Count)
Realtor.com - West Palm Beach (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 | $390,000 (4.0%) | $877,930 (3.0%) | 1.45 | 46,964 |
| 2018-02-01 | $389,950 (3.4%) | $876,093 (2.7%) | 1.42 | 48,000 |
| 2018-03-01 | $394,900 (3.3%) | $877,390 (2.1%) | 1.39 | 48,471 |
| 2018-04-01 | $397,250 (3.2%) | $878,625 (1.5%) | 1.35 | 48,104 |
| 2018-05-01 | $399,000 (2.8%) | $878,080 (0.5%) | 1.33 | 47,080 |
| 2018-06-01 | $399,000 (3.4%) | $876,980 (1.6%) | 1.33 | 46,266 |
| 2018-07-01 | $399,000 (2.2%) | $872,121 (1.4%) | 1.33 | 45,956 |
| 2018-08-01 | $398,750 (2.0%) | $864,479 (0.0%) | 1.34 | 45,634 |
| 2018-09-01 | $397,500 (1.9%) | $863,005 (-0.7%) | 1.34 | 46,079 |
| 2018-10-01 | $395,000 (1.4%) | $865,294 (0.5%) | 1.34 | 47,545 |
| 2018-11-01 | $395,000 (1.3%) | $870,080 (0.6%) | 1.34 | 49,390 |
| 2018-12-01 | $390,000 (0.0%) | $876,932 (0.9%) | 1.35 | 50,364 |
| 2019-01-01 | $390,000 (0.0%) | $877,272 (-0.1%) | 1.35 | 51,142 |
| 2019-02-01 | $390,000 (0.0%) | $880,129 (0.5%) | 1.32 | 52,901 |
| 2019-03-01 | $393,857 (-0.3%) | $880,775 (0.4%) | 1.29 | 52,215 |
| 2019-04-01 | $399,000 (0.4%) | $885,985 (0.8%) | 1.27 | 50,843 |
| 2019-05-01 | $399,900 (0.2%) | $894,498 (1.9%) | 1.25 | 49,419 |
| 2019-06-01 | $399,995 (0.3%) | $888,830 (1.4%) | 1.25 | 47,731 |
| 2019-07-01 | $400,000 (0.3%) | $887,381 (1.8%) | 1.25 | 46,166 |
| 2019-08-01 | $399,727 (0.3%) | $881,450 (2.0%) | 1.27 | 45,593 |
| 2019-09-01 | $399,318 (0.5%) | $884,164 (2.5%) | 1.28 | 45,055 |
| 2019-10-01 | $399,295 (1.1%) | $890,679 (2.9%) | 1.29 | 44,975 |
| 2019-11-01 | $399,900 (1.2%) | $914,790 (5.1%) | 1.31 | 45,823 |
| 2019-12-01 | $399,900 (2.5%) | $928,914 (5.9%) | 1.33 | 45,647 |
| 2020-01-01 | $399,000 (2.3%) | $936,926 (6.8%) | 1.33 | 44,976 |
| 2020-02-01 | $399,900 (2.5%) | $942,000 (7.0%) | 1.31 | 45,474 |
| 2020-03-01 | $399,950 (1.6%) | $943,061 (7.1%) | 1.25 | 45,269 |
| 2020-04-01 | $395,000 (-1.0%) | $909,493 (2.7%) | 1.24 | 44,432 |
| 2020-05-01 | $390,000 (-2.5%) | $914,355 (2.2%) | 1.19 | 43,838 |
| 2020-06-01 | $399,000 (-0.3%) | $928,936 (4.5%) | 1.18 | 42,716 |
| 2020-07-01 | $399,450 (-0.1%) | $951,326 (7.2%) | 1.16 | 40,288 |
| 2020-08-01 | $399,900 (0.0%) | $962,157 (9.2%) | 1.15 | 39,108 |
| 2020-09-01 | $400,000 (0.2%) | $977,449 (10.6%) | 1.15 | 38,036 |
| 2020-10-01 | $405,000 (1.4%) | $988,892 (11.0%) | 1.16 | 37,486 |
| 2020-11-01 | $400,000 (0.0%) | $988,801 (8.1%) | 1.17 | 37,078 |
| 2020-12-01 | $399,999 (0.0%) | $994,308 (7.0%) | 1.19 | 35,995 |
| 2021-01-01 | $399,000 (0.0%) | $985,980 (5.2%) | 1.19 | 33,468 |
| 2021-02-01 | $396,000 (-1.0%) | $1,001,301 (6.3%) | 1.15 | 30,512 |
| 2021-03-01 | $398,750 (-0.3%) | $1,025,276 (8.7%) | 1.13 | 26,860 |
| 2021-04-01 | $412,000 (4.3%) | $1,061,309 (16.7%) | 1.12 | 24,099 |
| 2021-05-01 | $429,000 (10.0%) | $1,116,370 (22.1%) | 1.14 | 21,800 |
| 2021-06-01 | $449,000 (12.5%) | $1,163,849 (25.3%) | 1.18 | 20,633 |
| 2021-07-01 | $455,500 (14.0%) | $1,159,295 (21.9%) | 1.20 | 20,962 |
| 2021-08-01 | $459,500 (14.9%) | $1,176,863 (22.3%) | 1.23 | 20,831 |
| 2021-09-01 | $467,450 (16.9%) | $1,207,975 (23.6%) | 1.25 | 20,298 |
| 2021-10-01 | $479,850 (18.5%) | $1,260,576 (27.5%) | 1.28 | 19,457 |
| 2021-11-01 | $482,500 (20.6%) | $1,304,727 (32.0%) | 1.29 | 18,303 |
| 2021-12-01 | $492,000 (23.0%) | $1,343,447 (35.1%) | 1.33 | 17,026 |
| 2022-01-01 | $495,000 (24.1%) | $1,399,438 (41.9%) | 1.34 | 15,400 |
| 2022-02-01 | $522,450 (31.9%) | $1,501,661 (50.0%) | 1.36 | 13,562 |
| 2022-03-01 | $544,500 (36.6%) | $1,566,457 (52.8%) | 1.36 | 13,063 |
| 2022-04-01 | $577,000 (40.1%) | $1,616,168 (52.3%) | 1.38 | 12,824 |
| 2022-05-01 | $622,000 (45.0%) | $1,623,239 (45.4%) | 1.42 | 14,723 |
| 2022-06-01 | $625,000 (39.2%) | $1,531,062 (31.6%) | 1.39 | 17,323 |
| 2022-07-01 | $620,000 (36.1%) | $1,432,579 (23.6%) | 1.40 | 21,070 |
| 2022-08-01 | $604,250 (31.5%) | $1,406,956 (19.6%) | 1.40 | 22,465 |
| 2022-09-01 | $599,000 (28.1%) | $1,394,037 (15.4%) | 1.40 | 22,563 |
| 2022-10-01 | $599,000 (24.8%) | $1,407,503 (11.7%) | 1.41 | 23,837 |
| 2022-11-01 | $599,000 (24.2%) | $1,431,457 (9.7%) | 1.44 | 25,520 |
| 2022-12-01 | $595,000 (20.9%) | $1,461,505 (8.8%) | 1.47 | 25,915 |
| 2023-01-01 | $595,000 (20.2%) | $1,471,482 (5.2%) | 1.48 | 25,923 |
| 2023-02-01 | $599,000 (14.7%) | $1,504,246 (0.2%) | 1.45 | 25,465 |
| 2023-03-01 | $599,444 (10.1%) | $1,521,538 (-2.9%) | 1.41 | 24,539 |
| 2023-04-01 | $605,000 (4.9%) | $1,570,063 (-2.9%) | 1.41 | 23,341 |
| 2023-05-01 | $607,945 (-2.3%) | $1,580,256 (-2.7%) | 1.38 | 22,853 |
| 2023-06-01 | $604,924 (-3.2%) | $1,548,264 (1.1%) | 1.36 | 22,582 |
| 2023-07-01 | $601,990 (-2.9%) | $1,497,098 (4.5%) | 1.37 | 22,403 |
| 2023-08-01 | $600,000 (-0.7%) | $1,468,712 (4.4%) | 1.38 | 22,488 |
| 2023-09-01 | $599,000 (0.0%) | $1,445,209 (3.7%) | 1.39 | 24,077 |
| 2023-10-01 | $598,500 (-0.1%) | $1,453,940 (3.3%) | 1.41 | 26,415 |
West Palm Beach's median listing price comes in at 141% of the national average.
West Palm Beach's average listing price for 2023-10-01 was $1,453,940, a difference of $46,437 (3.3%) versus the prior year and $8,731 versus the prior month.
For the 2023-10-01 period, West Palm Beach had 26,415 MLS listings, a difference of 2,338 listings (10%) versus the prior month and 2,578 listings (11%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - West Palm Beach (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis| Date | Median Listing Time on Market | Median Square Footage |
|---|---|---|
| 2018-01-01 | 81 days | 1,498 sqft |
| 2018-02-01 | 78 days | 1,500 sqft |
| 2018-03-01 | 72 days | 1,500 sqft |
| 2018-04-01 | 74 days | 1,502 sqft |
| 2018-05-01 | 76 days | 1,507 sqft |
| 2018-06-01 | 79 days | 1,515 sqft |
| 2018-07-01 | 80 days | 1,517 sqft |
| 2018-08-01 | 81 days | 1,513 sqft |
| 2018-09-01 | 81 days | 1,510 sqft |
| 2018-10-01 | 78 days | 1,507 sqft |
| 2018-11-01 | 75 days | 1,510 sqft |
| 2018-12-01 | 79 days | 1,507 sqft |
| 2019-01-01 | 83 days | 1,505 sqft |
| 2019-02-01 | 81 days | 1,507 sqft |
| 2019-03-01 | 79 days | 1,512 sqft |
| 2019-04-01 | 78 days | 1,520 sqft |
| 2019-05-01 | 81 days | 1,526 sqft |
| 2019-06-01 | 85 days | 1,527 sqft |
| 2019-07-01 | 86 days | 1,530 sqft |
| 2019-08-01 | 86 days | 1,524 sqft |
| 2019-09-01 | 86 days | 1,515 sqft |
| 2019-10-01 | 85 days | 1,508 sqft |
| 2019-11-01 | 81 days | 1,506 sqft |
| 2019-12-01 | 84 days | 1,500 sqft |
| 2020-01-01 | 87 days | 1,499 sqft |
| 2020-02-01 | 82 days | 1,488 sqft |
| 2020-03-01 | 74 days | 1,485 sqft |
| 2020-04-01 | 82 days | 1,461 sqft |
| 2020-05-01 | 94 days | 1,450 sqft |
| 2020-06-01 | 103 days | 1,436 sqft |
| 2020-07-01 | 96 days | 1,405 sqft |
| 2020-08-01 | 82 days | 1,389 sqft |
| 2020-09-01 | 81 days | 1,380 sqft |
| 2020-10-01 | 81 days | 1,375 sqft |
| 2020-11-01 | 79 days | 1,366 sqft |
| 2020-12-01 | 81 days | 1,357 sqft |
| 2021-01-01 | 83 days | 1,333 sqft |
| 2021-02-01 | 75 days | 1,302 sqft |
| 2021-03-01 | 64 days | 1,291 sqft |
| 2021-04-01 | 60 days | 1,296 sqft |
| 2021-05-01 | 56 days | 1,311 sqft |
| 2021-06-01 | 53 days | 1,341 sqft |
| 2021-07-01 | 52 days | 1,361 sqft |
| 2021-08-01 | 53 days | 1,365 sqft |
| 2021-09-01 | 54 days | 1,369 sqft |
| 2021-10-01 | 55 days | 1,376 sqft |
| 2021-11-01 | 56 days | 1,376 sqft |
| 2021-12-01 | 58 days | 1,366 sqft |
| 2022-01-01 | 61 days | 1,356 sqft |
| 2022-02-01 | 48 days | 1,363 sqft |
| 2022-03-01 | 40 days | 1,387 sqft |
| 2022-04-01 | 40 days | 1,434 sqft |
| 2022-05-01 | 36 days | 1,487 sqft |
| 2022-06-01 | 37 days | 1,500 sqft |
| 2022-07-01 | 40 days | 1,512 sqft |
| 2022-08-01 | 49 days | 1,513 sqft |
| 2022-09-01 | 57 days | 1,513 sqft |
| 2022-10-01 | 60 days | 1,518 sqft |
| 2022-11-01 | 61 days | 1,515 sqft |
| 2022-12-01 | 66 days | 1,500 sqft |
| 2023-01-01 | 72 days | 1,488 sqft |
| 2023-02-01 | 67 days | 1,472 sqft |
| 2023-03-01 | 60 days | 1,460 sqft |
| 2023-04-01 | 63 days | 1,452 sqft |
| 2023-05-01 | 63 days | 1,441 sqft |
| 2023-06-01 | 62 days | 1,441 sqft |
| 2023-07-01 | 64 days | 1,434 sqft |
| 2023-08-01 | 62 days | 1,425 sqft |
| 2023-09-01 | 58 days | 1,416 sqft |
| 2023-10-01 | 56 days | 1,421 sqft |
West Palm Beach's median square footage for active listings during the 2023-10-01 period was 1,421 sqft. One year prior, the average listing was 1,518 sqft.