Clarksville is located in a good market for 5+ unit multifamily loans. Multifamily loans in Clarksville are considered lower risk due to market size and stable regional economy. Interest rates for multifamily loans in Clarksville are competitive. Clarksville 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 Clarksville.
SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Clarksville 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 Clarksville.
The city of Clarksville in Clark County has a population of 21,558. The median rent in Clark County for a 2 bedroom is $979. The median Clarksville resident is 40 years old with a yearly income of $27,442. The average family has 3.25 members and a median household income of $45,440. Clarksville has a 19% higher education rate. The unemployment rate in Clarksville is 3.8%.
40.1% of Clarksville households are renters.
30.5% median household income spent on rent.
Bedrooms |
Clark County 1 |
Indiana 2 |
National 2 |
|---|---|---|---|
| Studio | $692 | $593 | $737 |
| 1 bedroom | $810 | $666 | $813 |
| 2 bedroom | $979 | $840 | $1,015 |
| 3 bedroom | $1,311 | $1,099 | $1,325 |
| 4 bedroom | $1,502 | $1,251 | $1,521 |
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