Rogers is located in a what is considered a small market for 5+ unit multifamily loans. Multifamily loans in Rogers are considered moderate risk due to market dynamics. Interest rates for multifamily loans in Rogers are slightly higher than the national average. Rogers apartments may be eligible for non-recourse multifamily loans up to 75% for purchases and 70% for refinances. SoftQuotes' lenders will lend lend on 5+ unit multifamily properties in Rogers.
SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Rogers 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 | 5.53% - 5.77% |
| 7 Year Fixed | 5.27% - 5.51% |
| 10 Year Fixed | 5.13% - 5.37% |
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 | 5.65% - 5.80% |
| 7 Year Fixed | 5.66% - 5.81% |
| 10 Year Fixed | 5.66% - 5.81% |
Agency lenders along with regional banks and credit unions are most likely to lend on multifamily properties in Rogers.
The city of Rogers in Benton County has a population of 68,669. The median rent in Benton County for a 2 bedroom is $833. The median Rogers resident is 33 years old with a yearly income of $31,243. The average family has 3.31 members and a median household income of $61,551. Rogers has a 31% higher education rate. The unemployment rate in Rogers is 2.4%.
42.3% of Rogers households are renters.
25% median household income spent on rent.
Bedrooms |
Benton County 1 |
Arkansas 2 |
National 2 |
|---|---|---|---|
| Studio | $618 | $535 | $737 |
| 1 bedroom | $660 | $574 | $813 |
| 2 bedroom | $833 | $723 | $1,015 |
| 3 bedroom | $1,192 | $954 | $1,325 |
| 4 bedroom | $1,442 | $1,104 | $1,521 |
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