Cedar Park is located in a good market for 5+ unit multifamily loans. Multifamily loans in Cedar Park are considered lower risk due to market size and stable regional economy. Interest rates for multifamily loans in Cedar Park are competitive. Cedar Park 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 Cedar Park.
SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Cedar Park 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 | 5.49% - 5.73% |
| 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 Cedar Park.
The city of Cedar Park in Williamson County has a population of 79,462. The median rent in Williamson County for a 2 bedroom is $1,549. The median Cedar Park resident is 36 years old with a yearly income of $45,622. The average family has 3.55 members and a median household income of $104,019. Cedar Park has a 50% higher education rate. The unemployment rate in Cedar Park is 3.0%.
31.5% of Cedar Park households are renters.
27.4% median household income spent on rent.
Bedrooms |
Williamson County 1 |
Texas 2 |
National 2 |
|---|---|---|---|
| Studio | $1,144 | $669 | $737 |
| 1 bedroom | $1,309 | $738 | $813 |
| 2 bedroom | $1,549 | $912 | $1,015 |
| 3 bedroom | $1,997 | $1,210 | $1,325 |
| 4 bedroom | $2,384 | $1,407 | $1,521 |
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