Evans is located in a what is considered a small market for 5+ unit multifamily loans. Multifamily loans in Evans are considered moderate risk due to market dynamics. Interest rates for multifamily loans in Evans are slightly higher than the national average. Evans apartments may be eligible for non-recourse multifamily loans up to 75% for purchases and 70% for refinances. SoftQuotes' lenders will lend lend on 5+ unit multifamily properties in Evans.
SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Evans 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 | 5.53% - 5.77% |
| 7 Year Fixed | 5.27% - 5.51% |
| 10 Year Fixed | 5.13% - 5.37% |
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 | 5.65% - 5.80% |
| 7 Year Fixed | 5.66% - 5.81% |
| 10 Year Fixed | 5.66% - 5.81% |
Agency lenders along with regional banks and credit unions are most likely to lend on multifamily properties in Evans.
The city of Evans in Columbia County has a population of 37,114. The median rent in Columbia County for a 2 bedroom is $883. The median Evans resident is 39 years old with a yearly income of $46,830. The average family has 3.72 members and a median household income of $110,036. Evans has a 48% higher education rate. The unemployment rate in Evans is 5.0%.
14.9% of Evans households are renters.
22.7% median household income spent on rent.
Bedrooms |
Columbia County 1 |
Georgia 2 |
National 2 |
|---|---|---|---|
| Studio | $689 | $670 | $737 |
| 1 bedroom | $767 | $698 | $813 |
| 2 bedroom | $883 | $840 | $1,015 |
| 3 bedroom | $1,200 | $1,103 | $1,325 |
| 4 bedroom | $1,529 | $1,302 | $1,521 |
We're here to help.