Piqua is located in a good market for 5+ unit multifamily loans. Multifamily loans in Piqua are considered lower risk due to market size and stable regional economy. Interest rates for multifamily loans in Piqua are competitive. Piqua 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 Piqua.
SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Piqua 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 Piqua.
The city of Piqua in Miami County has a population of 21,332. The median rent in Miami County for a 2 bedroom is $891. The median Piqua resident is 38 years old with a yearly income of $23,354. The average family has 3.17 members and a median household income of $43,061. Piqua has a 14% higher education rate. The unemployment rate in Piqua is 6.6%.
41.1% of Piqua households are renters.
25.9% median household income spent on rent.
Bedrooms |
Miami County 1 |
Ohio 2 |
National 2 |
|---|---|---|---|
| Studio | $600 | $597 | $737 |
| 1 bedroom | $689 | $662 | $813 |
| 2 bedroom | $891 | $834 | $1,015 |
| 3 bedroom | $1,196 | $1,084 | $1,325 |
| 4 bedroom | $1,294 | $1,205 | $1,521 |
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