Waukee is located in a what is considered a small market for 5+ unit multifamily loans. Multifamily loans in Waukee are considered moderate risk due to market dynamics. Interest rates for multifamily loans in Waukee are slightly higher than the national average. Waukee 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 Waukee.
SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Waukee 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 | 5.29% - 5.53% |
| 10 Year Fixed | 5.13% - 5.37% |
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 Waukee.
The city of Waukee in Dallas County has a population of 24,089. The median rent in Dallas County for a 2 bedroom is $957. The median Waukee resident is 33 years old with a yearly income of $51,223. The average family has 3.15 members and a median household income of $94,580. Waukee has a 54% higher education rate. The unemployment rate in Waukee is 2.3%.
26.1% of Waukee households are renters.
23.3% median household income spent on rent.
Bedrooms |
Dallas County 1 |
Iowa 2 |
National 2 |
|---|---|---|---|
| Studio | $645 | $558 | $737 |
| 1 bedroom | $783 | $613 | $813 |
| 2 bedroom | $957 | $785 | $1,015 |
| 3 bedroom | $1,308 | $1,038 | $1,325 |
| 4 bedroom | $1,393 | $1,151 | $1,521 |
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