Kansas City is located in a good market for 5+ unit multifamily loans. Multifamily loans in Kansas City are considered lower risk due to market size and stable regional economy. Interest rates for multifamily loans in Kansas City are competitive. Kansas City 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 Kansas City.
SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Kansas City 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 Kansas City.
The city of Kansas City in Wyandotte County has a population of 152,960. The median rent in Wyandotte County for a 2 bedroom is $1,095. The median Kansas City resident is 34 years old with a yearly income of $26,555. The average family has 3.47 members and a median household income of $45,665. Kansas City has a 18% higher education rate. The unemployment rate in Kansas City is 6.8%.
43.7% of Kansas City households are renters.
33.6% median household income spent on rent.
Bedrooms |
Wyandotte County 1 |
Kansas 2 |
National 2 |
|---|---|---|---|
| Studio | $784 | $581 | $737 |
| 1 bedroom | $919 | $612 | $813 |
| 2 bedroom | $1,095 | $781 | $1,015 |
| 3 bedroom | $1,463 | $1,027 | $1,325 |
| 4 bedroom | $1,665 | $1,166 | $1,521 |
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