Bowling Green is located in what is considered a very small market for 5+ unit multifamily loans. Multifamily loans in Bowling Green are considered greater risk due to market dynamics. Interest rates for multifamily loans in Bowling Green are higher than the national average. Bowling Green apartments may be eligible for non-recourse multifamily loans up to 75% for purchases and 70% for refinances. SoftQuotes' lenders will lend on 5+ unit multifamily properties in Bowling Green.
SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Bowling Green 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 | 5.68% - 5.92% |
| 7 Year Fixed | 5.39% - 5.63% |
| 10 Year Fixed | 5.23% - 5.47% |
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 | 5.70% - 5.85% |
| 7 Year Fixed | 5.71% - 5.86% |
| 10 Year Fixed | 5.71% - 5.86% |
Agency lenders along with regional banks and credit unions are most likely to lend on multifamily properties in Bowling Green.
The city of Bowling Green in Warren County has a population of 70,543. The median rent in Warren County for a 2 bedroom is $884. The median Bowling Green resident is 27 years old with a yearly income of $20,323. The average family has 3.1 members and a median household income of $42,216. Bowling Green has a 33% higher education rate. The unemployment rate in Bowling Green is 5.5%.
61.2% of Bowling Green households are renters.
30.3% median household income spent on rent.
Bedrooms |
Warren County 1 |
Kentucky 2 |
National 2 |
|---|---|---|---|
| Studio | $690 | $548 | $737 |
| 1 bedroom | $694 | $605 | $813 |
| 2 bedroom | $884 | $763 | $1,015 |
| 3 bedroom | $1,119 | $1,011 | $1,325 |
| 4 bedroom | $1,490 | $1,144 | $1,521 |
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