435,628 (or 7.10%) of the 6,137,428 population of Missouri live in 5+ unit apartment properties. Missouri has approximately 284,914 multifamily units. Last year, 5,668 new apartment units were constructed in Missouri, representing a 2.03% growth in units. Multifamily units make up 16.75% of the total housing stock in Missouri.
Interest rates for multifamily loans in Missouri are very competitive. Missouri 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 Missouri.
SoftQuotes' lender rates for 5+ unit multifamily loans in Missouri are:
Loan Amount |
$1M to $6M |
|---|---|
| 5 Year Fixed | 5.91% - 6.92% |
| 7 Year Fixed | 5.82% - 7.04% |
| 10 Year Fixed | 5.84% - 7.08% |
Loan Amount |
$6M to $100M |
|---|---|
| 5 Year Fixed | 5.88% - 6.18% |
| 7 Year Fixed | 6.01% - 6.24% |
| 10 Year Fixed | 5.94% - 6.24% |
The state of Missouri prohibits rent control.
Bedrooms |
Low1 |
High2 |
Average2 |
|---|---|---|---|
| Studio | $437 | $784 | $535 |
| 1 bedroom | $502 | $919 | $594 |
| 2 bedroom | $662 | $1,095 | $761 |
| 3 bedroom | $823 | $1,463 | $1,010 |
| 4 bedroom | $898 | $1,665 | $1,155 |