Nixa is located in a what is considered a small market for 5+ unit multifamily loans. Multifamily loans in Nixa are considered moderate risk due to market dynamics. Interest rates for multifamily loans in Nixa are slightly higher than the national average. Nixa 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 Nixa.
SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Nixa 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 | 5.58% - 5.82% |
| 7 Year Fixed | 5.29% - 5.53% |
| 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 Nixa.
The city of Nixa in Christian County has a population of 22,515. The median rent in Christian County for a 2 bedroom is $807. The median Nixa resident is 36 years old with a yearly income of $30,696. The average family has 3.14 members and a median household income of $58,402. Nixa has a 31% higher education rate. The unemployment rate in Nixa is 3.7%.
33.3% of Nixa households are renters.
30.5% median household income spent on rent.
Bedrooms |
Christian County 1 |
Missouri 2 |
National 2 |
|---|---|---|---|
| Studio | $627 | $535 | $737 |
| 1 bedroom | $631 | $594 | $813 |
| 2 bedroom | $807 | $761 | $1,015 |
| 3 bedroom | $1,155 | $1,010 | $1,325 |
| 4 bedroom | $1,317 | $1,155 | $1,521 |
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