Hialeah Gardens is located in a strong market for 5+ unit multifamily loans. Multifamily loans in Hialeah Gardens are considered low risk due to market size and favorable regional economy. Interest rates for multifamily loans in Hialeah Gardens are some of the lowest nationally. Hialeah Gardens 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 Hialeah Gardens.
SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Hialeah Gardens 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 | 5.22% - 5.46% |
| 7 Year Fixed | 5.28% - 5.52% |
| 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 | 5.55% - 5.70% |
| 7 Year Fixed | 5.56% - 5.71% |
| 10 Year Fixed | 5.56% - 5.71% |
All major multifamily lender types are lending in Hialeah Gardens.
The city of Hialeah Gardens in Miami-Dade County has a population of 23,474. The median rent in Miami-Dade County for a 2 bedroom is $1,684. The median Hialeah Gardens resident is 43 years old with a yearly income of $21,242. The average family has 3.75 members and a median household income of $53,423. Hialeah Gardens has a 21% higher education rate. The unemployment rate in Hialeah Gardens is 3.5%.
37.2% of Hialeah Gardens households are renters.
38.6% median household income spent on rent.
Bedrooms |
Miami-Dade County 1 |
Florida 2 |
National 2 |
|---|---|---|---|
| Studio | $1,148 | $822 | $737 |
| 1 bedroom | $1,336 | $891 | $813 |
| 2 bedroom | $1,684 | $1,089 | $1,015 |
| 3 bedroom | $2,245 | $1,448 | $1,325 |
| 4 bedroom | $2,696 | $1,716 | $1,521 |
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