Pickerington is located in a good market for 5+ unit multifamily loans. Multifamily loans in Pickerington are considered lower risk due to market size and stable regional economy. Interest rates for multifamily loans in Pickerington are competitive. Pickerington 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 Pickerington.
SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Pickerington 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 | 5.25% - 5.49% |
| 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 Pickerington.
The city of Pickerington in Fairfield County has a population of 22,158. The median rent in Fairfield County for a 2 bedroom is $1,105. The median Pickerington resident is 35 years old with a yearly income of $44,494. The average family has 3.4 members and a median household income of $97,192. Pickerington has a 45% higher education rate. The unemployment rate in Pickerington is 2.4%.
23.7% of Pickerington households are renters.
27.3% median household income spent on rent.
Bedrooms |
Fairfield County 1 |
Ohio 2 |
National 2 |
|---|---|---|---|
| Studio | $768 | $597 | $737 |
| 1 bedroom | $886 | $662 | $813 |
| 2 bedroom | $1,105 | $834 | $1,015 |
| 3 bedroom | $1,391 | $1,084 | $1,325 |
| 4 bedroom | $1,574 | $1,205 | $1,521 |
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