Davis is located in a good market for 5+ unit multifamily loans. Multifamily loans in Davis are considered lower risk due to market size and stable regional economy. Interest rates for multifamily loans in Davis are competitive. Davis 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 Davis.
SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Davis 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 | 5.18% - 5.42% |
| 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 Davis.
The city of Davis in Yolo County has a population of 69,413. The median rent in Yolo County for a 2 bedroom is $1,647. The median Davis resident is 26 years old with a yearly income of $27,709. The average family has 2.95 members and a median household income of $69,379. Davis has a 74% higher education rate. The unemployment rate in Davis is 5.8%.
56.8% of Davis households are renters.
48.7% median household income spent on rent.
Bedrooms |
Yolo County 1 |
California 2 |
National 2 |
|---|---|---|---|
| Studio | $1,183 | $1,137 | $737 |
| 1 bedroom | $1,250 | $1,291 | $813 |
| 2 bedroom | $1,647 | $1,635 | $1,015 |
| 3 bedroom | $2,357 | $2,254 | $1,325 |
| 4 bedroom | $2,816 | $2,613 | $1,521 |
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