205,952 (or 6.82%) of the 3,017,804 population of Arkansas live in 5+ unit apartment properties. Arkansas has approximately 133,527 multifamily units. Last year, 2,431 new apartment units were constructed in Arkansas, representing a 1.85% growth in units. Multifamily units make up 10.91% of the total housing stock in Arkansas.
Interest rates for multifamily loans in Arkansas are very competitive. Arkansas 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 Arkansas.
SoftQuotes' lender rates for 5+ unit multifamily loans in Arkansas are:
Loan Amount |
$1M to $6M |
|---|---|
| 5 Year Fixed | 5.91% - 6.92% |
| 7 Year Fixed | 5.82% - 7.04% |
| 10 Year Fixed | 5.84% - 7.08% |
Loan Amount |
$6M to $100M |
|---|---|
| 5 Year Fixed | 5.88% - 6.18% |
| 7 Year Fixed | 6.01% - 6.24% |
| 10 Year Fixed | 5.94% - 6.24% |
The state of Arkansas prohibits rent control.
Bedrooms |
Low1 |
High2 |
Average2 |
|---|---|---|---|
| Studio | $431 | $742 | $535 |
| 1 bedroom | $496 | $836 | $574 |
| 2 bedroom | $654 | $972 | $723 |
| 3 bedroom | $813 | $1,311 | $954 |
| 4 bedroom | $887 | $1,507 | $1,104 |