Macon is located in a what is considered a small market for 5+ unit multifamily loans. Multifamily loans in Macon are considered moderate risk due to market dynamics. Interest rates for multifamily loans in Macon are slightly higher than the national average. Macon 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 Macon.
SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Macon 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 Macon.
The city of Macon in Bibb County has a population of 153,159. The median rent in Bibb County for a 2 bedroom is $853. The median Macon resident is 36 years old with a yearly income of $24,804. The average family has 3.31 members and a median household income of $41,334. Macon has a 25% higher education rate. The unemployment rate in Macon is 7.2%.
47.7% of Macon households are renters.
37.4% median household income spent on rent.
Bedrooms |
Bibb County 1 |
Georgia 2 |
National 2 |
|---|---|---|---|
| Studio | $566 | $670 | $737 |
| 1 bedroom | $746 | $698 | $813 |
| 2 bedroom | $853 | $840 | $1,015 |
| 3 bedroom | $1,086 | $1,103 | $1,325 |
| 4 bedroom | $1,193 | $1,302 | $1,521 |
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