Boise is located in a what is considered a small market for 5+ unit multifamily loans. Multifamily loans in Boise are considered moderate risk due to market dynamics. Interest rates for multifamily loans in Boise are slightly higher than the national average. Boise 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 Boise.
SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Boise 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 | 5.17% - 5.41% |
| 10 Year Fixed | 5.18% - 5.42% |
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 Boise.
The city of Boise in Ada County has a population of 228,959. The median rent in Ada County for a 2 bedroom is $1,054. The median Boise resident is 37 years old with a yearly income of $31,508. The average family has 3.13 members and a median household income of $60,035. Boise has a 42% higher education rate. The unemployment rate in Boise is 4.5%.
39.1% of Boise households are renters.
31.1% median household income spent on rent.
Bedrooms |
Ada County 1 |
Idaho 2 |
National 2 |
|---|---|---|---|
| Studio | $718 | $622 | $737 |
| 1 bedroom | $842 | $673 | $813 |
| 2 bedroom | $1,054 | $863 | $1,015 |
| 3 bedroom | $1,494 | $1,204 | $1,325 |
| 4 bedroom | $1,732 | $1,409 | $1,521 |
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