178,097 (or 12.58%) of the 1,415,872 population of Hawaii live in 5+ unit apartment properties. Hawaii has approximately 96,803 multifamily units. Last year, 925 new apartment units were constructed in Hawaii, representing a 0.96% growth in units. Multifamily units make up 19.75% of the total housing stock in Hawaii.
Interest rates for multifamily loans in Hawaii are very competitive. Hawaii apartments are eligible for non-recourse multifamily loans with long term fixed rates and other favorable terms. SoftQuotes' lenders are actively lending on 5+ unit multifamily properties in Hawaii.
SoftQuotes' lender rates for 5+ unit multifamily loans in Hawaii are:
Loan Amount |
$1M to $6M |
|---|---|
| 5 Year Fixed | 5.71% - 5.87% |
| 7 Year Fixed | 5.10% - 5.48% |
| 10 Year Fixed | 5.09% - 5.52% |
Loan Amount |
$6M to $100M |
|---|---|
| 5 Year Fixed | 5.55% - 5.85% |
| 7 Year Fixed | 5.56% - 5.86% |
| 10 Year Fixed | 5.56% - 5.86% |
The state of Hawaii has no rent control or preemptions.
Bedrooms |
Low1 |
High2 |
Average2 |
|---|---|---|---|
| Studio | $1,115 | $1,579 | $1,391 |
| 1 bedroom | $1,282 | $1,738 | $1,553 |
| 2 bedroom | $1,690 | $2,285 | $1,987 |
| 3 bedroom | $2,173 | $3,270 | $2,739 |
| 4 bedroom | $2,292 | $3,956 | $3,158 |