Jacksonville is located in what is considered a very small market for 5+ unit multifamily loans. Multifamily loans in Jacksonville are considered greater risk due to market dynamics. Interest rates for multifamily loans in Jacksonville are higher than the national average. Jacksonville apartments may be eligible for non-recourse multifamily loans up to 75% for purchases and 70% for refinances. SoftQuotes' lenders will lend on 5+ unit multifamily properties in Jacksonville.
SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Jacksonville 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 | 5.58% - 5.82% |
| 7 Year Fixed | 5.37% - 5.61% |
| 10 Year Fixed | 5.23% - 5.47% |
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 | 5.70% - 5.85% |
| 7 Year Fixed | 5.71% - 5.86% |
| 10 Year Fixed | 5.71% - 5.86% |
Agency lenders along with regional banks and credit unions are most likely to lend on multifamily properties in Jacksonville.
The city of Jacksonville in Onslow County has a population of 72,436. The median rent in Onslow County for a 2 bedroom is $957. The median Jacksonville resident is 23 years old with a yearly income of $24,267. The average family has 3.14 members and a median household income of $44,956. Jacksonville has a 24% higher education rate. The unemployment rate in Jacksonville is 11.2%.
68.1% of Jacksonville households are renters.
31.3% median household income spent on rent.
Bedrooms |
Onslow County 1 |
North Carolina 2 |
National 2 |
|---|---|---|---|
| Studio | $740 | $694 | $737 |
| 1 bedroom | $772 | $713 | $813 |
| 2 bedroom | $957 | $871 | $1,015 |
| 3 bedroom | $1,370 | $1,152 | $1,325 |
| 4 bedroom | $1,657 | $1,386 | $1,521 |
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