Cincinnati is located in a good market for 5+ unit multifamily loans. Multifamily loans in Cincinnati are considered lower risk due to market size and stable regional economy. Interest rates for multifamily loans in Cincinnati are competitive. Cincinnati 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 Cincinnati.
SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Cincinnati 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 | 5.25% - 5.49% |
| 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 Cincinnati.
The city of Cincinnati in Hamilton County has a population of 303,940. The median rent in Hamilton County for a 2 bedroom is $989. The median Cincinnati resident is 32 years old with a yearly income of $25,846. The average family has 2.99 members and a median household income of $40,640. Cincinnati has a 37% higher education rate. The unemployment rate in Cincinnati is 8.0%.
62.2% of Cincinnati households are renters.
32.4% median household income spent on rent.
Bedrooms |
Hamilton County 1 |
Ohio 2 |
National 2 |
|---|---|---|---|
| Studio | $653 | $597 | $737 |
| 1 bedroom | $754 | $662 | $813 |
| 2 bedroom | $989 | $834 | $1,015 |
| 3 bedroom | $1,343 | $1,084 | $1,325 |
| 4 bedroom | $1,539 | $1,205 | $1,521 |
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