York is located in a what is considered a small market for 5+ unit multifamily loans. Multifamily loans in York are considered moderate risk due to market dynamics. Interest rates for multifamily loans in York are slightly higher than the national average. York 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 York.
SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in York 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 | 5.63% - 5.87% |
| 7 Year Fixed | 5.34% - 5.58% |
| 10 Year Fixed | 5.28% - 5.52% |
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 York.
The city of York in York County has a population of 43,932. The median rent in York County for a 2 bedroom is $1,030. The median York resident is 32 years old with a yearly income of $19,978. The average family has 3.32 members and a median household income of $33,906. York has a 12% higher education rate. The unemployment rate in York is 11.4%.
62% of York households are renters.
38.2% median household income spent on rent.
Bedrooms |
York County 1 |
Pennsylvania 2 |
National 2 |
|---|---|---|---|
| Studio | $680 | $680 | $737 |
| 1 bedroom | $782 | $747 | $813 |
| 2 bedroom | $1,030 | $929 | $1,015 |
| 3 bedroom | $1,302 | $1,198 | $1,325 |
| 4 bedroom | $1,429 | $1,330 | $1,521 |
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