53,780 (or 7.35%) of the 731,545 population of Alaska live in 5+ unit apartment properties. Alaska has approximately 27,964 multifamily units. Last year, 255 new apartment units were constructed in Alaska, representing a 0.92% growth in units. Multifamily units make up 10.31% of the total housing stock in Alaska.
Interest rates for multifamily loans in Alaska are very competitive. Alaska apartments are eligible for non-recourse multifamily loans with long term fixed rates and other favorable terms. SoftQuotes' lenders are actively lending on 5+ unit multifamily properties in Alaska.
SoftQuotes' lender rates for 5+ unit multifamily loans in Alaska are:
Loan Amount |
$1M to $6M |
|---|---|
| 5 Year Fixed | 5.71% - 5.87% |
| 7 Year Fixed | 5.10% - 5.48% |
| 10 Year Fixed | 5.09% - 5.52% |
Loan Amount |
$6M to $100M |
|---|---|
| 5 Year Fixed | 5.55% - 5.85% |
| 7 Year Fixed | 5.56% - 5.86% |
| 10 Year Fixed | 5.56% - 5.86% |
The state of Alaska is a Dillon Rule state with no rent control nor preemptions.
Bedrooms |
Low1 |
High2 |
Average2 |
|---|---|---|---|
| Studio | $601 | $1,334 | $908 |
| 1 bedroom | $668 | $1,509 | $1,012 |
| 2 bedroom | $856 | $1,756 | $1,281 |
| 3 bedroom | $1,096 | $2,203 | $1,685 |
| 4 bedroom | $1,256 | $2,624 | $1,938 |