Manlius is located in a what is considered a small market for 5+ unit multifamily loans. Multifamily loans in Manlius are considered moderate risk due to market dynamics. Interest rates for multifamily loans in Manlius are slightly higher than the national average. Manlius 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 Manlius.
SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Manlius 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 | 5.63% - 5.87% |
| 7 Year Fixed | 5.34% - 5.58% |
| 10 Year Fixed | 5.28% - 5.52% |
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 Manlius.
The city of Manlius in Onondaga County has a population of 31,884. The median rent in Onondaga County for a 2 bedroom is $955. The median Manlius resident is 45 years old with a yearly income of $41,503. The average family has 3.05 members and a median household income of $81,222. Manlius has a 53% higher education rate. The unemployment rate in Manlius is 3.2%.
23.9% of Manlius households are renters.
24.3% median household income spent on rent.
Bedrooms |
Onondaga County 1 |
New York 2 |
National 2 |
|---|---|---|---|
| Studio | $687 | $909 | $737 |
| 1 bedroom | $773 | $990 | $813 |
| 2 bedroom | $955 | $1,202 | $1,015 |
| 3 bedroom | $1,192 | $1,537 | $1,325 |
| 4 bedroom | $1,381 | $1,692 | $1,521 |
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