Rock Hill is located in a good market for 5+ unit multifamily loans. Multifamily loans in Rock Hill are considered lower risk due to market size and stable regional economy. Interest rates for multifamily loans in Rock Hill are competitive. Rock 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 Rock Hill.
SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Rock Hill 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 Rock Hill.
The city of Rock Hill in York County has a population of 75,048. The median rent in York County for a 2 bedroom is $1,243. The median Rock Hill resident is 35 years old with a yearly income of $27,511. The average family has 3.08 members and a median household income of $50,444. Rock Hill has a 30% higher education rate. The unemployment rate in Rock Hill is 5.7%.
47.5% of Rock Hill households are renters.
33.1% median household income spent on rent.
Bedrooms |
York County 1 |
South Carolina 2 |
National 2 |
|---|---|---|---|
| Studio | $1,066 | $697 | $737 |
| 1 bedroom | $1,090 | $732 | $813 |
| 2 bedroom | $1,243 | $879 | $1,015 |
| 3 bedroom | $1,639 | $1,158 | $1,325 |
| 4 bedroom | $2,112 | $1,369 | $1,521 |
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