Rohnert Park is located in a what is considered a small market for 5+ unit multifamily loans. Multifamily loans in Rohnert Park are considered moderate risk due to market dynamics. Interest rates for multifamily loans in Rohnert Park are slightly higher than the national average. Rohnert Park 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 Rohnert Park.
SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Rohnert Park 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 | 5.17% - 5.41% |
| 10 Year Fixed | 5.18% - 5.42% |
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 Rohnert Park.
The city of Rohnert Park in Sonoma County has a population of 43,291. The median rent in Sonoma County for a 2 bedroom is $2,179. The median Rohnert Park resident is 36 years old with a yearly income of $33,842. The average family has 3.13 members and a median household income of $71,585. Rohnert Park has a 29% higher education rate. The unemployment rate in Rohnert Park is 2.4%.
45.2% of Rohnert Park households are renters.
38% median household income spent on rent.
Bedrooms |
Sonoma County 1 |
California 2 |
National 2 |
|---|---|---|---|
| Studio | $1,462 | $1,137 | $737 |
| 1 bedroom | $1,658 | $1,291 | $813 |
| 2 bedroom | $2,179 | $1,635 | $1,015 |
| 3 bedroom | $3,084 | $2,254 | $1,325 |
| 4 bedroom | $3,553 | $2,613 | $1,521 |
We're here to help.