Zanesville is located in what is considered a very small market for 5+ unit multifamily loans. Multifamily loans in Zanesville are considered greater risk due to market dynamics. Interest rates for multifamily loans in Zanesville are higher than the national average. Zanesville 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 Zanesville.
SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Zanesville 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 Zanesville.
The city of Zanesville in Muskingum County has a population of 25,158. The median rent in Muskingum County for a 2 bedroom is $802. The median Zanesville resident is 36 years old with a yearly income of $19,077. The average family has 3.11 members and a median household income of $30,345. Zanesville has a 12% higher education rate. The unemployment rate in Zanesville is 10.2%.
57.2% of Zanesville households are renters.
39.6% median household income spent on rent.
Bedrooms |
Muskingum County 1 |
Ohio 2 |
National 2 |
|---|---|---|---|
| Studio | $612 | $597 | $737 |
| 1 bedroom | $616 | $662 | $813 |
| 2 bedroom | $802 | $834 | $1,015 |
| 3 bedroom | $998 | $1,084 | $1,325 |
| 4 bedroom | $1,169 | $1,205 | $1,521 |
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