Pleasant Hill is located in a strong market for 5+ unit multifamily loans. Multifamily loans in Pleasant Hill are considered low risk due to market size and favorable regional economy. Interest rates for multifamily loans in Pleasant Hill are some of the lowest nationally. Pleasant Hill 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 Pleasant Hill.
SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Pleasant Hill are:
Fannie Mae® |
$1M to $6M |
|---|---|
| 5 Year Fixed | 6.23% - 6.97% |
| 7 Year Fixed | 6.20% - 6.71% |
| 10 Year Fixed | 6.21% - 6.61% |
Freddie Mac® |
$1M to $7.5M |
|---|---|
| 5 Year Fixed | 5.71% - 5.46% |
| 7 Year Fixed | 5.10% - 5.34% |
| 10 Year Fixed | 5.09% - 5.33% |
Fannie Mae® |
$6M to $100M |
|---|---|
| 5 Year Fixed | 6.03% - 6.77% |
| 7 Year Fixed | 6.00% - 6.51% |
| 10 Year Fixed | 6.01% - 6.41% |
Freddie Mac® |
$7.5M to $100M |
|---|---|
| 5 Year Fixed | 5.55% - 5.70% |
| 7 Year Fixed | 5.56% - 5.71% |
| 10 Year Fixed | 5.56% - 5.71% |
All major multifamily lender types are lending in Pleasant Hill.
The city of Pleasant Hill in Contra Costa County has a population of 34,839. The median rent in Contra Costa County for a 2 bedroom is $2,641. The median Pleasant Hill resident is 41 years old with a yearly income of $57,955. The average family has 3 members and a median household income of $118,947. Pleasant Hill has a 55% higher education rate. The unemployment rate in Pleasant Hill is 3.9%.
34.6% of Pleasant Hill households are renters.
26% median household income spent on rent.
Bedrooms |
Contra Costa County 1 |
California 2 |
National 2 |
|---|---|---|---|
| Studio | $1,768 | $1,137 | $737 |
| 1 bedroom | $2,143 | $1,291 | $813 |
| 2 bedroom | $2,641 | $1,635 | $1,015 |
| 3 bedroom | $3,541 | $2,254 | $1,325 |
| 4 bedroom | $4,281 | $2,613 | $1,521 |
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