Apopka is located in a good market for 5+ unit multifamily loans. Multifamily loans in Apopka are considered lower risk due to market size and stable regional economy. Interest rates for multifamily loans in Apopka are competitive. Apopka apartments may be eligible for non-recourse multifamily loans up to 80% and other favorable terms like long term fixed rates and interest only payment options. SoftQuotes' lenders will lend on 5+ unit multifamily properties in Apopka.
SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Apopka 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 $7.5M |
|---|---|
| 5 Year Fixed | 5.44% - 5.68% |
| 7 Year Fixed | 5.28% - 5.52% |
| 10 Year Fixed | 5.19% - 5.43% |
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® |
$7.5M to $100M |
|---|---|
| 5 Year Fixed | 5.60% - 5.75% |
| 7 Year Fixed | 5.61% - 5.76% |
| 10 Year Fixed | 5.61% - 5.76% |
All major multifamily lender types are lending in Apopka.
The city of Apopka in Orange County has a population of 53,447. The median rent in Orange County for a 2 bedroom is $1,422. The median Apopka resident is 37 years old with a yearly income of $32,026. The average family has 3.54 members and a median household income of $66,057. Apopka has a 28% higher education rate. The unemployment rate in Apopka is 5.5%.
28.1% of Apopka households are renters.
36.7% median household income spent on rent.
Bedrooms |
Orange County 1 |
Florida 2 |
National 2 |
|---|---|---|---|
| Studio | $1,135 | $822 | $737 |
| 1 bedroom | $1,227 | $891 | $813 |
| 2 bedroom | $1,422 | $1,089 | $1,015 |
| 3 bedroom | $1,844 | $1,448 | $1,325 |
| 4 bedroom | $2,215 | $1,716 | $1,521 |
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