Oro Valley is located in a good market for 5+ unit multifamily loans. Multifamily loans in Oro Valley are considered lower risk due to market size and stable regional economy. Interest rates for multifamily loans in Oro Valley are competitive. Oro Valley apartments may be eligible for non-recourse multifamily loans up to 80% and other favorable terms like long term fixed rates and interest only payment options. SoftQuotes' lenders will lend on 5+ unit multifamily properties in Oro Valley.
SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Oro Valley 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 $7.5M |
|---|---|
| 5 Year Fixed | 5.49% - 5.73% |
| 7 Year Fixed | 5.18% - 5.42% |
| 10 Year Fixed | 5.19% - 5.43% |
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® |
$7.5M to $100M |
|---|---|
| 5 Year Fixed | 5.60% - 5.75% |
| 7 Year Fixed | 5.61% - 5.76% |
| 10 Year Fixed | 5.61% - 5.76% |
All major multifamily lender types are lending in Oro Valley.
The city of Oro Valley in Pima County has a population of 46,044. The median rent in Pima County for a 2 bedroom is $1,016. The median Oro Valley resident is 54 years old with a yearly income of $38,778. The average family has 2.74 members and a median household income of $83,341. Oro Valley has a 52% higher education rate. The unemployment rate in Oro Valley is 5.7%.
24.6% of Oro Valley households are renters.
28% median household income spent on rent.
Bedrooms |
Pima County 1 |
Arizona 2 |
National 2 |
|---|---|---|---|
| Studio | $670 | $747 | $737 |
| 1 bedroom | $771 | $822 | $813 |
| 2 bedroom | $1,016 | $1,038 | $1,015 |
| 3 bedroom | $1,454 | $1,433 | $1,325 |
| 4 bedroom | $1,724 | $1,597 | $1,521 |
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