Prescott Valley is located in what is considered a very small market for 5+ unit multifamily loans. Multifamily loans in Prescott Valley are considered greater risk due to market dynamics. Interest rates for multifamily loans in Prescott Valley are higher than the national average. Prescott Valley apartments may be eligible for non-recourse multifamily loans up to 75% for purchases and 70% for refinances. SoftQuotes' lenders will lend on 5+ unit multifamily properties in Prescott Valley.
SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Prescott 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 $6M |
|---|---|
| 5 Year Fixed | 5.63% - 5.87% |
| 7 Year Fixed | 5.24% - 5.48% |
| 10 Year Fixed | 5.28% - 5.52% |
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 | 5.70% - 5.85% |
| 7 Year Fixed | 5.71% - 5.86% |
| 10 Year Fixed | 5.71% - 5.86% |
Agency lenders along with regional banks and credit unions are most likely to lend on multifamily properties in Prescott Valley.
The city of Prescott Valley in Yavapai County has a population of 46,515. The median rent in Yavapai County for a 2 bedroom is $1,107. The median Prescott Valley resident is 46 years old with a yearly income of $26,077. The average family has 2.88 members and a median household income of $51,909. Prescott Valley has a 22% higher education rate. The unemployment rate in Prescott Valley is 6.9%.
32.2% of Prescott Valley households are renters.
30.5% median household income spent on rent.
Bedrooms |
Yavapai County 1 |
Arizona 2 |
National 2 |
|---|---|---|---|
| Studio | $735 | $747 | $737 |
| 1 bedroom | $866 | $822 | $813 |
| 2 bedroom | $1,107 | $1,038 | $1,015 |
| 3 bedroom | $1,536 | $1,433 | $1,325 |
| 4 bedroom | $1,668 | $1,597 | $1,521 |
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