316,414 (or 6.81%) of the 4,648,794 population of Louisiana live in 5+ unit apartment properties. Louisiana has approximately 205,924 multifamily units. Last year, 1,249 new apartment units were constructed in Louisiana, representing a 0.61% growth in units. Multifamily units make up 11.26% of the total housing stock in Louisiana.
Interest rates for multifamily loans in Louisiana are very competitive. Louisiana 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 Louisiana.
SoftQuotes' lender rates for 5+ unit multifamily loans in Louisiana are:
Loan Amount |
$1M to $6M |
|---|---|
| 5 Year Fixed | 5.22% - 5.82% |
| 7 Year Fixed | 5.28% - 5.61% |
| 10 Year Fixed | 5.19% - 5.47% |
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 Louisiana prohibits rent control.
Bedrooms |
Low1 |
High2 |
Average2 |
|---|---|---|---|
| Studio | $513 | $852 | $665 |
| 1 bedroom | $550 | $955 | $729 |
| 2 bedroom | $725 | $1,127 | $888 |
| 3 bedroom | $902 | $1,457 | $1,160 |
| 4 bedroom | $983 | $1,698 | $1,326 |