Keene is located in what is considered a very small market for 5+ unit multifamily loans. Multifamily loans in Keene are considered greater risk due to market dynamics. Interest rates for multifamily loans in Keene are higher than the national average. Keene 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 Keene.
SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Keene 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 | 5.68% - 5.92% |
| 7 Year Fixed | 5.39% - 5.63% |
| 10 Year Fixed | 5.33% - 5.57% |
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 Keene.
The city of Keene in Cheshire County has a population of 22,786. The median rent in Cheshire County for a 2 bedroom is $1,155. The median Keene resident is 36 years old with a yearly income of $24,721. The average family has 2.77 members and a median household income of $56,971. Keene has a 42% higher education rate. The unemployment rate in Keene is 4.3%.
47.1% of Keene households are renters.
33% median household income spent on rent.
Bedrooms |
Cheshire County 1 |
New Hampshire 2 |
National 2 |
|---|---|---|---|
| Studio | $823 | $842 | $737 |
| 1 bedroom | $880 | $959 | $813 |
| 2 bedroom | $1,155 | $1,222 | $1,015 |
| 3 bedroom | $1,653 | $1,597 | $1,325 |
| 4 bedroom | $1,788 | $1,897 | $1,521 |
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