Puyallup is located in a strong market for 5+ unit multifamily loans. Multifamily loans in Puyallup are considered low risk due to market size and favorable regional economy. Interest rates for multifamily loans in Puyallup are some of the lowest nationally. Puyallup 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 Puyallup.
SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Puyallup 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 Puyallup.
The city of Puyallup in Pierce County has a population of 42,361. The median rent in Pierce County for a 2 bedroom is $1,572. The median Puyallup resident is 40 years old with a yearly income of $38,670. The average family has 3.05 members and a median household income of $73,248. Puyallup has a 28% higher education rate. The unemployment rate in Puyallup is 4.4%.
47.7% of Puyallup households are renters.
29.1% median household income spent on rent.
Bedrooms |
Pierce County 1 |
Washington 2 |
National 2 |
|---|---|---|---|
| Studio | $1,088 | $801 | $737 |
| 1 bedroom | $1,212 | $904 | $813 |
| 2 bedroom | $1,572 | $1,138 | $1,015 |
| 3 bedroom | $2,250 | $1,591 | $1,325 |
| 4 bedroom | $2,722 | $1,874 | $1,521 |
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