Raleigh is located in a good market for 5+ unit multifamily loans. Multifamily loans in Raleigh are considered lower risk due to market size and stable regional economy. Interest rates for multifamily loans in Raleigh are competitive. Raleigh 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 Raleigh.
SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Raleigh 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 | 5.44% - 5.68% |
| 7 Year Fixed | 5.28% - 5.52% |
| 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 Raleigh.
The city of Raleigh in Wake County has a population of 474,069. The median rent in Wake County for a 2 bedroom is $1,293. The median Raleigh resident is 34 years old with a yearly income of $35,925. The average family has 3.12 members and a median household income of $67,266. Raleigh has a 51% higher education rate. The unemployment rate in Raleigh is 4.1%.
48.5% of Raleigh households are renters.
29.2% median household income spent on rent.
Bedrooms |
Wake County 1 |
North Carolina 2 |
National 2 |
|---|---|---|---|
| Studio | $1,092 | $694 | $737 |
| 1 bedroom | $1,134 | $713 | $813 |
| 2 bedroom | $1,293 | $871 | $1,015 |
| 3 bedroom | $1,626 | $1,152 | $1,325 |
| 4 bedroom | $2,101 | $1,386 | $1,521 |
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