Wilson is located in what is considered a very small market for 5+ unit multifamily loans. Multifamily loans in Wilson are considered greater risk due to market dynamics. Interest rates for multifamily loans in Wilson are higher than the national average. Wilson 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 Wilson.
SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Wilson 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 Wilson.
The city of Wilson in Wilson County has a population of 49,459. The median rent in Wilson County for a 2 bedroom is $832. The median Wilson resident is 39 years old with a yearly income of $24,298. The average family has 3.17 members and a median household income of $42,036. Wilson has a 23% higher education rate. The unemployment rate in Wilson is 8.6%.
50.7% of Wilson households are renters.
34.1% median household income spent on rent.
Bedrooms |
Wilson County 1 |
North Carolina 2 |
National 2 |
|---|---|---|---|
| Studio | $707 | $694 | $737 |
| 1 bedroom | $729 | $713 | $813 |
| 2 bedroom | $832 | $871 | $1,015 |
| 3 bedroom | $1,067 | $1,152 | $1,325 |
| 4 bedroom | $1,128 | $1,386 | $1,521 |
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