Queen Creek is located in a good market for 5+ unit multifamily loans. Multifamily loans in Queen Creek are considered lower risk due to market size and stable regional economy. Interest rates for multifamily loans in Queen Creek are competitive. Queen Creek 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 Queen Creek.
SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Queen Creek 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 | 5.18% - 5.42% |
| 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 Queen Creek.
The city of Queen Creek in Maricopa County has a population of 50,890. The median rent in Maricopa County for a 2 bedroom is $1,346. The median Queen Creek resident is 35 years old with a yearly income of $43,008. The average family has 3.79 members and a median household income of $105,729. Queen Creek has a 38% higher education rate. The unemployment rate in Queen Creek is 3.5%.
13.3% of Queen Creek households are renters.
31.6% median household income spent on rent.
Bedrooms |
Maricopa County 1 |
Arizona 2 |
National 2 |
|---|---|---|---|
| Studio | $1,004 | $747 | $737 |
| 1 bedroom | $1,111 | $822 | $813 |
| 2 bedroom | $1,346 | $1,038 | $1,015 |
| 3 bedroom | $1,899 | $1,433 | $1,325 |
| 4 bedroom | $2,162 | $1,597 | $1,521 |
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