Sedalia is located in what is considered a very small market for 5+ unit multifamily loans. Multifamily loans in Sedalia are considered greater risk due to market dynamics. Interest rates for multifamily loans in Sedalia are higher than the national average. Sedalia apartments may be eligible for non-recourse multifamily loans up to 75% for purchases and 70% for refinances. SoftQuotes' lenders will lend on 5+ unit multifamily properties in Sedalia.
SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Sedalia 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 | 5.68% - 5.92% |
| 7 Year Fixed | 5.39% - 5.63% |
| 10 Year Fixed | 5.23% - 5.47% |
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 | 5.70% - 5.85% |
| 7 Year Fixed | 5.71% - 5.86% |
| 10 Year Fixed | 5.71% - 5.86% |
Agency lenders along with regional banks and credit unions are most likely to lend on multifamily properties in Sedalia.
The city of Sedalia in Pettis County has a population of 21,629. The median rent in Pettis County for a 2 bedroom is $760. The median Sedalia resident is 36 years old with a yearly income of $22,619. The average family has 3.13 members and a median household income of $39,804. Sedalia has a 16% higher education rate. The unemployment rate in Sedalia is 8.8%.
42.1% of Sedalia households are renters.
30.8% median household income spent on rent.
Bedrooms |
Pettis County 1 |
Missouri 2 |
National 2 |
|---|---|---|---|
| Studio | $553 | $535 | $737 |
| 1 bedroom | $609 | $594 | $813 |
| 2 bedroom | $760 | $761 | $1,015 |
| 3 bedroom | $1,003 | $1,010 | $1,325 |
| 4 bedroom | $1,031 | $1,155 | $1,521 |
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