Warner Robins is located in what is considered a very small market for 5+ unit multifamily loans. Multifamily loans in Warner Robins are considered greater risk due to market dynamics. Interest rates for multifamily loans in Warner Robins are higher than the national average. Warner Robins 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 Warner Robins.
SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Warner Robins 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 | 5.58% - 5.82% |
| 7 Year Fixed | 5.37% - 5.61% |
| 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 Warner Robins.
The city of Warner Robins in Houston County has a population of 77,617. The median rent in Houston County for a 2 bedroom is $959. The median Warner Robins resident is 34 years old with a yearly income of $30,325. The average family has 3.07 members and a median household income of $51,779. Warner Robins has a 28% higher education rate. The unemployment rate in Warner Robins is 6.4%.
49.2% of Warner Robins households are renters.
27.6% median household income spent on rent.
Bedrooms |
Houston County 1 |
Georgia 2 |
National 2 |
|---|---|---|---|
| Studio | $771 | $670 | $737 |
| 1 bedroom | $841 | $698 | $813 |
| 2 bedroom | $959 | $840 | $1,015 |
| 3 bedroom | $1,255 | $1,103 | $1,325 |
| 4 bedroom | $1,595 | $1,302 | $1,521 |
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