53,780 (or 7.35%) of the 731,545 population of Alaska live in 5+ unit apartment properties. Alaska has approximately 27,964 multifamily units. Last year, 255 new apartment units were constructed in Alaska, representing a 0.92% growth in units. Multifamily units make up 10.31% of the total housing stock in Alaska.
Interest rates for multifamily loans in Alaska are very competitive. Alaska apartments are eligible for non-recourse multifamily loans with long term fixed rates and other favorable terms. SoftQuotes' lenders are actively lending on 5+ unit multifamily properties in Alaska.
SoftQuotes' lender rates for 5+ unit multifamily loans in Alaska are:
Loan Amount |
$1M to $6M |
|---|---|
| 5 Year Fixed | 6.12% - 6.87% |
| 7 Year Fixed | 6.05% - 6.53% |
| 10 Year Fixed | 6.14% - 6.67% |
Loan Amount |
$6M to $100M |
|---|---|
| 5 Year Fixed | 5.44% - 5.99% |
| 7 Year Fixed | 5.49% - 6.04% |
| 10 Year Fixed | 5.47% - 6.02% |
The state of Alaska is a Dillon Rule state with no rent control nor preemptions.
Bedrooms |
Low1 |
High2 |
Average2 |
|---|---|---|---|
| Studio | $601 | $1,334 | $908 |
| 1 bedroom | $668 | $1,509 | $1,012 |
| 2 bedroom | $856 | $1,756 | $1,281 |
| 3 bedroom | $1,096 | $2,203 | $1,685 |
| 4 bedroom | $1,256 | $2,624 | $1,938 |