Lehigh Acres is located in a what is considered a small market for 5+ unit multifamily loans. Multifamily loans in Lehigh Acres are considered moderate risk due to market dynamics. Interest rates for multifamily loans in Lehigh Acres are slightly higher than the national average. Lehigh Acres apartments may be eligible for non-recourse multifamily loans up to 75% for purchases and 70% for refinances. SoftQuotes' lenders will lend lend on 5+ unit multifamily properties in Lehigh Acres.
SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Lehigh Acres 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 | 5.53% - 5.77% |
| 7 Year Fixed | 5.27% - 5.51% |
| 10 Year Fixed | 5.13% - 5.37% |
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 | 5.65% - 5.80% |
| 7 Year Fixed | 5.66% - 5.81% |
| 10 Year Fixed | 5.66% - 5.81% |
Agency lenders along with regional banks and credit unions are most likely to lend on multifamily properties in Lehigh Acres.
The city of Lehigh Acres in Lee County has a population of 123,378. The median rent in Lee County for a 2 bedroom is $1,282. The median Lehigh Acres resident is 35 years old with a yearly income of $23,440. The average family has 4.09 members and a median household income of $48,483. Lehigh Acres has a 15% higher education rate. The unemployment rate in Lehigh Acres is 6.3%.
37.5% of Lehigh Acres households are renters.
35.2% median household income spent on rent.
Bedrooms |
Lee County 1 |
Florida 2 |
National 2 |
|---|---|---|---|
| Studio | $997 | $822 | $737 |
| 1 bedroom | $1,019 | $891 | $813 |
| 2 bedroom | $1,282 | $1,089 | $1,015 |
| 3 bedroom | $1,670 | $1,448 | $1,325 |
| 4 bedroom | $1,887 | $1,716 | $1,521 |
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