Yankton USDA Loan Rates, Closing Costs & Stats

Yankton, SD

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    • 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.

    Yankton's 3 lenders originated 7 USDA loans during 2023. The total origination value was $1,315,000, with an average USDA loan value of $187,857.

    Yankton USDA Loans, 30 Year Fixed Rates

    30 Year USDA mortgages in Yankton averaged 6.77% for the week of 2024-04-19, compared to the national average (all USDA variants) of 6.863% for the same period.

    Yankton's average USDA mortgage closing costs are $4,520.

    The average rate for the prior week (2024-04-12) was 6.42% and one month ago for the week of 2024-03-15, the average rate was 6.7%.

    The average rate one year ago was 6.04%.

    For refis of the same type during the week of 2024-04-19, the average rate was 6.76%.

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

    Yankton 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 Yankton level.

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    First Dakota National Bank 3 5.88% $4,754
    Plains Commerce Bank 2 5.88% $7,282
    CORTRUST MORTGAGE, INC. 1 6.00% $2,448

    The top Yankton USDA lender as defined by loan originations is First Dakota National Bank, with 3 USDA loans originated. Their average total fees are $4,754, which is $2,527 lower than the next largest lender, Plains Commerce Bank.

    The lowest fee Yankton USDA lenders (with over 10 loans originated) are .

    The lowest rate Yankton USDA lenders (with over 10 loans originated) are .

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Yankton (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 $171,200 (-0.1%) $224,979 (22.1%) 0.00 56
    2018-02-01 $175,000 (2.1%) $234,311 (29.4%) 0.00 55
    2018-03-01 $197,900 (20.0%) $236,002 (39.4%) 0.00 50
    2018-04-01 $219,000 (30.4%) $244,497 (33.7%) 0.00 52
    2018-05-01 $214,950 (23.4%) $242,148 (28.3%) 0.00 64
    2018-06-01 $211,000 (24.2%) $242,740 (24.7%) 0.00 74
    2018-07-01 $186,800 (10.0%) $232,928 (11.7%) 0.00 68
    2018-08-01 $176,900 (-2.0%) $218,172 (-2.9%) 0.00 76
    2018-09-01 $179,900 (6.2%) $213,635 (-1.0%) 0.00 81
    2018-10-01 $200,925 (15.3%) $228,770 (6.6%) 0.00 82
    2018-11-01 $195,700 (8.7%) $231,565 (6.2%) 0.00 76
    2018-12-01 $191,500 (9.6%) $231,168 (4.4%) 0.00 76
    2019-01-01 $187,000 (9.2%) $228,536 (1.6%) 0.00 72
    2019-02-01 $190,875 (9.1%) $232,798 (-0.7%) 0.00 73
    2019-03-01 $197,286 (-0.3%) $235,893 (-0.1%) 0.00 72
    2019-04-01 $201,461 (-8.0%) $234,843 (-4.0%) 0.00 72
    2019-05-01 $208,050 (-3.2%) $236,895 (-2.2%) 0.00 78
    2019-06-01 $208,850 (-1.0%) $233,070 (-4.0%) 0.00 83
    2019-07-01 $202,400 (8.4%) $222,788 (-4.4%) 0.00 91
    2019-08-01 $198,409 (12.2%) $214,907 (-1.5%) 0.00 92
    2019-09-01 $196,323 (9.1%) $212,904 (-0.3%) 0.00 93
    2019-10-01 $197,207 (-1.9%) $214,131 (-6.4%) 0.00 90
    2019-11-01 $209,900 (7.3%) $225,372 (-2.7%) 0.00 93
    2019-12-01 $211,350 (10.4%) $227,398 (-1.6%) 0.00 78
    2020-01-01 $210,400 (12.5%) $228,472 (0.0%) 0.00 65
    2020-02-01 $209,800 (9.9%) $224,996 (-3.4%) 0.00 53
    2020-03-01 $201,100 (1.9%) $225,815 (-4.3%) 0.00 53
    2020-04-01 $184,075 (-8.6%) $219,353 (-6.6%) 0.00 52
    2020-05-01 $212,450 (2.1%) $229,358 (-3.2%) 0.00 35
    2020-06-01 $235,000 (12.5%) $257,284 (10.4%) 0.00 34
    2020-07-01 $223,650 (10.5%) $258,518 (16.0%) 0.00 36
    2020-08-01 $182,000 (-8.3%) $254,351 (18.4%) 0.00 35
    2020-09-01 $208,700 (6.3%) $246,594 (15.8%) 0.00 32
    2020-10-01 $182,400 (-7.5%) $238,880 (11.6%) 0.00 26
    2020-11-01 $182,675 (-13.0%) $225,031 (-0.2%) 0.00 25
    2020-12-01 $170,175 (-19.5%) $207,565 (-8.7%) 0.00 21
    2021-01-01 $149,900 (-28.8%) $217,479 (-4.8%) 0.00 18
    2021-02-01 $162,450 (-22.6%) $203,583 (-9.5%) 0.00 16
    2021-03-01 $179,925 (-10.5%) $240,129 (6.3%) 0.00 14
    2021-04-01 $180,675 (-1.9%) $217,156 (-1.0%) 0.00 11
    2021-05-01 $183,400 (-13.7%) $224,414 (-2.2%) 0.00 14
    2021-06-01 $194,900 (-17.1%) $241,690 (-6.1%) 0.00 13
    2021-07-01 $182,250 (-18.5%) $255,864 (-1.0%) 0.00 20
    2021-08-01 $182,450 (0.3%) $285,388 (12.2%) 0.00 20
    2021-09-01 $194,675 (-6.7%) $269,560 (9.3%) 0.00 23
    2021-10-01 $199,900 (9.6%) $331,442 (38.8%) 0.00 23
    2021-11-01 $288,325 (57.8%) $365,018 (62.2%) 0.00 19
    2021-12-01 $237,425 (39.5%) $356,409 (71.7%) 0.00 14
    2022-01-01 $324,450 (116.4%) $380,294 (74.9%) 0.00 15
    2022-02-01 $237,400 (46.1%) $348,597 (71.2%) 0.00 17
    2022-03-01 $131,950 (-26.7%) $258,290 (7.6%) 0.00 23
    2022-04-01 $179,900 (-0.4%) $305,300 (40.6%) 0.00 18
    2022-05-01 $189,750 (3.5%) $318,422 (41.9%) 0.00 21
    2022-06-01 $237,425 (21.8%) $324,045 (34.1%) 0.00 21
    2022-07-01 $264,900 (45.4%) $321,520 (25.7%) 0.00 29
    2022-08-01 $273,676 (50.0%) $354,130 (24.1%) 0.00 33
    2022-09-01 $284,475 (46.1%) $409,461 (51.9%) 0.00 27
    2022-10-01 $239,000 (19.6%) $395,884 (19.4%) 0.00 23
    2022-11-01 $279,950 (-2.9%) $376,170 (3.1%) 0.00 19
    2022-12-01 $279,950 (17.9%) $372,304 (4.5%) 0.00 14
    2023-01-01 $244,900 (-24.5%) $367,588 (-3.3%) 0.00 15
    2023-02-01 $229,900 (-3.2%) $360,165 (3.3%) 0.00 13
    2023-03-01 $269,900 (104.6%) $288,928 (11.9%) 0.00 15
    2023-04-01 $369,950 (105.6%) $406,807 (33.3%) 0.00 17
    2023-05-01 $351,500 (85.2%) $443,371 (39.2%) 0.00 24
    2023-06-01 $311,175 (31.1%) $404,638 (24.9%) 0.00 23
    2023-07-01 $319,800 (20.7%) $393,976 (22.5%) 0.00 25
    2023-08-01 $324,400 (18.5%) $415,322 (17.3%) 0.00 27
    2023-09-01 $320,000 (12.5%) $392,218 (-4.2%) 0.00 28
    2023-10-01 $312,400 (30.7%) $341,765 (-13.7%) 0.00 29
    2023-11-01 $332,500 (18.8%) $395,142 (5.0%) 0.00 26
    2023-12-01 $317,400 (13.4%) $343,832 (-7.7%) 0.00 31
    2024-01-01 $308,700 (26.1%) $340,861 (-7.3%) 0.00 31
    2024-02-01 $327,500 (42.5%) $473,519 (31.5%) 0.00 30
    2024-03-01 $330,000 (22.3%) $483,457 (67.3%) 0.00 29
    Yankton's median listing price for 2024-03-01 was $330,000, a difference of $60,100 (22.3%) versus the prior year and $2,500 versus the prior month.

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

    Yankton's average listing price for 2024-03-01 was $483,457, a difference of $194,529 (67.3%) versus the prior year and $9,938 versus the prior month.

    For the 2024-03-01 period, Yankton had 29 MLS listings, a difference of -1 listings (-3%) versus the prior month and 14 listings (93%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Yankton (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 1,720 sqft
    2018-02-01 0 days 1,782 sqft
    2018-03-01 0 days 1,767 sqft
    2018-04-01 0 days 1,900 sqft
    2018-05-01 0 days 1,762 sqft
    2018-06-01 0 days 1,813 sqft
    2018-07-01 0 days 1,792 sqft
    2018-08-01 0 days 1,710 sqft
    2018-09-01 0 days 1,790 sqft
    2018-10-01 0 days 1,949 sqft
    2018-11-01 0 days 1,959 sqft
    2018-12-01 0 days 1,960 sqft
    2019-01-01 0 days 1,852 sqft
    2019-02-01 0 days 1,901 sqft
    2019-03-01 0 days 1,960 sqft
    2019-04-01 0 days 1,960 sqft
    2019-05-01 0 days 1,778 sqft
    2019-06-01 0 days 1,575 sqft
    2019-07-01 0 days 1,750 sqft
    2019-08-01 0 days 1,758 sqft
    2019-09-01 0 days 1,773 sqft
    2019-10-01 0 days 1,788 sqft
    2019-11-01 0 days 1,836 sqft
    2019-12-01 0 days 1,800 sqft
    2020-01-01 0 days 1,776 sqft
    2020-02-01 0 days 1,680 sqft
    2020-03-01 0 days 1,646 sqft
    2020-04-01 0 days 1,638 sqft
    2020-05-01 0 days 1,691 sqft
    2020-06-01 0 days 1,896 sqft
    2020-07-01 0 days 1,911 sqft
    2020-08-01 0 days 1,960 sqft
    2020-09-01 0 days 1,960 sqft
    2020-10-01 0 days 1,779 sqft
    2020-11-01 0 days 1,771 sqft
    2020-12-01 0 days 1,749 sqft
    2021-01-01 0 days 1,779 sqft
    2021-02-01 0 days 1,523 sqft
    2021-03-01 0 days 1,614 sqft
    2021-04-01 0 days 1,768 sqft
    2021-05-01 0 days 1,741 sqft
    2021-06-01 0 days 1,741 sqft
    2021-07-01 0 days 1,783 sqft
    2021-08-01 0 days 1,870 sqft
    2021-09-01 0 days 1,930 sqft
    2021-10-01 0 days 2,020 sqft
    2021-11-01 0 days 2,225 sqft
    2021-12-01 0 days 2,268 sqft
    2022-01-01 0 days 2,183 sqft
    2022-02-01 0 days 1,683 sqft
    2022-03-01 0 days 986 sqft
    2022-04-01 0 days 1,773 sqft
    2022-05-01 0 days 1,790 sqft
    2022-06-01 0 days 1,873 sqft
    2022-07-01 0 days 1,918 sqft
    2022-08-01 0 days 2,146 sqft
    2022-09-01 0 days 2,001 sqft
    2022-10-01 0 days 1,872 sqft
    2022-11-01 0 days 1,860 sqft
    2022-12-01 0 days 1,872 sqft
    2023-01-01 0 days 1,872 sqft
    2023-02-01 0 days 1,791 sqft
    2023-03-01 0 days 1,794 sqft
    2023-04-01 0 days 2,011 sqft
    2023-05-01 0 days 2,166 sqft
    2023-06-01 0 days 2,080 sqft
    2023-07-01 0 days 2,036 sqft
    2023-08-01 0 days 2,030 sqft
    2023-09-01 0 days 2,117 sqft
    2023-10-01 0 days 2,081 sqft
    2023-11-01 0 days 2,194 sqft
    2023-12-01 0 days 1,779 sqft
    2024-01-01 0 days 1,793 sqft
    2024-02-01 0 days 1,864 sqft
    2024-03-01 0 days 2,008 sqft
    Yankton's median listing age (time on market) for 2024-03-01 was 0 days.

    Yankton's median square footage for active listings during the 2024-03-01 period was 2,008 sqft. One year prior, the average listing was 1,794 sqft.