Eau Claire is located in what is considered a very small market for 5+ unit multifamily loans. Multifamily loans in Eau Claire are considered greater risk due to market dynamics. Interest rates for multifamily loans in Eau Claire are higher than the national average. Eau Claire 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 Eau Claire.
SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Eau Claire 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 Eau Claire.
The city of Eau Claire in Eau Claire County has a population of 68,802. The median rent in Eau Claire County for a 2 bedroom is $924. The median Eau Claire resident is 32 years old with a yearly income of $26,639. The average family has 2.97 members and a median household income of $55,477. Eau Claire has a 34% higher education rate. The unemployment rate in Eau Claire is 4.0%.
43.4% of Eau Claire households are renters.
29% median household income spent on rent.
Bedrooms |
Eau Claire County 1 |
Wisconsin 2 |
National 2 |
|---|---|---|---|
| Studio | $610 | $595 | $737 |
| 1 bedroom | $701 | $668 | $813 |
| 2 bedroom | $924 | $856 | $1,015 |
| 3 bedroom | $1,254 | $1,127 | $1,325 |
| 4 bedroom | $1,441 | $1,256 | $1,521 |
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