Walker is located in a good market for 5+ unit multifamily loans. Multifamily loans in Walker are considered lower risk due to market size and stable regional economy. Interest rates for multifamily loans in Walker are competitive. Walker 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 Walker.
SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Walker 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 | 5.49% - 5.73% |
| 7 Year Fixed | 5.25% - 5.49% |
| 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 Walker.
The city of Walker in Kent County has a population of 24,869. The median rent in Kent County for a 2 bedroom is $1,059. The median Walker resident is 35 years old with a yearly income of $32,925. The average family has 3.08 members and a median household income of $65,170. Walker has a 31% higher education rate. The unemployment rate in Walker is 2.9%.
38.7% of Walker households are renters.
26.1% median household income spent on rent.
Bedrooms |
Kent County 1 |
Michigan 2 |
National 2 |
|---|---|---|---|
| Studio | $787 | $607 | $737 |
| 1 bedroom | $870 | $678 | $813 |
| 2 bedroom | $1,059 | $855 | $1,015 |
| 3 bedroom | $1,395 | $1,118 | $1,325 |
| 4 bedroom | $1,599 | $1,238 | $1,521 |
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