Fairfield is located in a good market for 5+ unit multifamily loans. Multifamily loans in Fairfield are considered lower risk due to market size and stable regional economy. Interest rates for multifamily loans in Fairfield are competitive. Fairfield 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 Fairfield.
SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Fairfield 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 Fairfield.
The city of Fairfield in Butler County has a population of 42,558. The median rent in Butler County for a 2 bedroom is $989. The median Fairfield resident is 38 years old with a yearly income of $32,668. The average family has 3.1 members and a median household income of $60,340. Fairfield has a 29% higher education rate. The unemployment rate in Fairfield is 3.0%.
38.3% of Fairfield households are renters.
25.8% median household income spent on rent.
Bedrooms |
Butler 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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