Fishers is located in a good market for 5+ unit multifamily loans. Multifamily loans in Fishers are considered lower risk due to market size and stable regional economy. Interest rates for multifamily loans in Fishers are competitive. Fishers 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 Fishers.
SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Fishers 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 Fishers.
The city of Fishers in Hamilton County has a population of 95,310. The median rent in Hamilton County for a 2 bedroom is $1,007. The median Fishers resident is 36 years old with a yearly income of $53,792. The average family has 3.24 members and a median household income of $109,454. Fishers has a 67% higher education rate. The unemployment rate in Fishers is 2.6%.
22.3% of Fishers households are renters.
23.5% median household income spent on rent.
Bedrooms |
Hamilton County 1 |
Indiana 2 |
National 2 |
|---|---|---|---|
| Studio | $722 | $593 | $737 |
| 1 bedroom | $831 | $666 | $813 |
| 2 bedroom | $1,007 | $840 | $1,015 |
| 3 bedroom | $1,329 | $1,099 | $1,325 |
| 4 bedroom | $1,548 | $1,251 | $1,521 |
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