Aiken is located in a what is considered a small market for 5+ unit multifamily loans. Multifamily loans in Aiken are considered moderate risk due to market dynamics. Interest rates for multifamily loans in Aiken are slightly higher than the national average. Aiken apartments may be eligible for non-recourse multifamily loans up to 75% for purchases and 70% for refinances. SoftQuotes' lenders will lend lend on 5+ unit multifamily properties in Aiken.
SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Aiken are:
Fannie Mae® |
$1M to $6M |
|---|---|
| 5 Year Fixed | 6.56% - 7.30% |
| 7 Year Fixed | 6.46% - 6.97% |
| 10 Year Fixed | 6.40% - 6.80% |
Freddie Mac® |
$1M to $6M |
|---|---|
| 5 Year Fixed | 5.53% - 5.77% |
| 7 Year Fixed | 5.27% - 5.51% |
| 10 Year Fixed | 5.13% - 5.37% |
Fannie Mae® |
$6M to $100M |
|---|---|
| 5 Year Fixed | 6.36% - 7.10% |
| 7 Year Fixed | 6.26% - 6.77% |
| 10 Year Fixed | 6.20% - 6.60% |
Freddie Mac® |
$6M to $100M |
|---|---|
| 5 Year Fixed | 5.65% - 5.80% |
| 7 Year Fixed | 5.66% - 5.81% |
| 10 Year Fixed | 5.66% - 5.81% |
Agency lenders along with regional banks and credit unions are most likely to lend on multifamily properties in Aiken.
The city of Aiken in Aiken County has a population of 30,869. The median rent in Aiken County for a 2 bedroom is $883. The median Aiken resident is 48 years old with a yearly income of $27,740. The average family has 2.79 members and a median household income of $56,199. Aiken has a 41% higher education rate. The unemployment rate in Aiken is 5.1%.
34.1% of Aiken households are renters.
29.4% median household income spent on rent.
Bedrooms |
Aiken County 1 |
South Carolina 2 |
National 2 |
|---|---|---|---|
| Studio | $689 | $697 | $737 |
| 1 bedroom | $767 | $732 | $813 |
| 2 bedroom | $883 | $879 | $1,015 |
| 3 bedroom | $1,200 | $1,158 | $1,325 |
| 4 bedroom | $1,529 | $1,369 | $1,521 |
We're here to help.