Webster Groves is located in a good market for 5+ unit multifamily loans. Multifamily loans in Webster Groves are considered lower risk due to market size and stable regional economy. Interest rates for multifamily loans in Webster Groves are competitive. Webster Groves 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 Webster Groves.
SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Webster Groves 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 Webster Groves.
The city of Webster Groves in St. Louis County has a population of 22,819. The median rent in St. Louis County for a 2 bedroom is $1,005. The median Webster Groves resident is 40 years old with a yearly income of $51,620. The average family has 3.05 members and a median household income of $102,759. Webster Groves has a 68% higher education rate. The unemployment rate in Webster Groves is 3.0%.
21.6% of Webster Groves households are renters.
33.1% median household income spent on rent.
Bedrooms |
St. Louis County 1 |
Missouri 2 |
National 2 |
|---|---|---|---|
| Studio | $719 | $535 | $737 |
| 1 bedroom | $783 | $594 | $813 |
| 2 bedroom | $1,005 | $761 | $1,015 |
| 3 bedroom | $1,311 | $1,010 | $1,325 |
| 4 bedroom | $1,543 | $1,155 | $1,521 |
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