Warrensburg is located in what is considered a very small market for 5+ unit multifamily loans. Multifamily loans in Warrensburg are considered greater risk due to market dynamics. Interest rates for multifamily loans in Warrensburg are higher than the national average. Warrensburg 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 Warrensburg.
SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Warrensburg 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 Warrensburg.
The city of Warrensburg in Johnson County has a population of 20,418. The median rent in Johnson County for a 2 bedroom is $754. The median Warrensburg resident is 25 years old with a yearly income of $18,005. The average family has 2.98 members and a median household income of $46,315. Warrensburg has a 41% higher education rate. The unemployment rate in Warrensburg is 5.4%.
57.4% of Warrensburg households are renters.
28.5% median household income spent on rent.
Bedrooms |
Johnson County 1 |
Missouri 2 |
National 2 |
|---|---|---|---|
| Studio | $569 | $535 | $737 |
| 1 bedroom | $598 | $594 | $813 |
| 2 bedroom | $754 | $761 | $1,015 |
| 3 bedroom | $1,079 | $1,010 | $1,325 |
| 4 bedroom | $1,305 | $1,155 | $1,521 |
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