Ankeny is located in a what is considered a small market for 5+ unit multifamily loans. Multifamily loans in Ankeny are considered moderate risk due to market dynamics. Interest rates for multifamily loans in Ankeny are slightly higher than the national average. Ankeny 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 Ankeny.
SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Ankeny 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 | 5.91% - 6.92% |
| 7 Year Fixed | 5.82% - 7.04% |
| 10 Year Fixed | 5.84% - 7.08% |
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 | 5.98% - 6.13% |
| 7 Year Fixed | 6.04% - 6.19% |
| 10 Year Fixed | 6.04% - 6.19% |
Agency lenders along with regional banks and credit unions are most likely to lend on multifamily properties in Ankeny.
The city of Ankeny in Polk County has a population of 67,355. The median rent in Polk County for a 2 bedroom is $957. The median Ankeny resident is 32 years old with a yearly income of $42,151. The average family has 3.14 members and a median household income of $86,486. Ankeny has a 51% higher education rate. The unemployment rate in Ankeny is 3.0%.
26.2% of Ankeny households are renters.
24.4% median household income spent on rent.
Bedrooms |
Polk County 1 |
Iowa 2 |
National 2 |
|---|---|---|---|
| Studio | $645 | $558 | $737 |
| 1 bedroom | $783 | $613 | $813 |
| 2 bedroom | $957 | $785 | $1,015 |
| 3 bedroom | $1,308 | $1,038 | $1,325 |
| 4 bedroom | $1,393 | $1,151 | $1,521 |
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