Ozark is located in a what is considered a small market for 5+ unit multifamily loans. Multifamily loans in Ozark are considered moderate risk due to market dynamics. Interest rates for multifamily loans in Ozark are slightly higher than the national average. Ozark 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 Ozark.
SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Ozark 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 Ozark.
The city of Ozark in Christian County has a population of 20,482. The median rent in Christian County for a 2 bedroom is $807. The median Ozark resident is 32 years old with a yearly income of $29,485. The average family has 3.25 members and a median household income of $55,774. Ozark has a 34% higher education rate. The unemployment rate in Ozark is 4.0%.
36.7% of Ozark households are renters.
29.5% 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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