Barnstable is located in what is considered a very small market for 5+ unit multifamily loans. Multifamily loans in Barnstable are considered greater risk due to market dynamics. Interest rates for multifamily loans in Barnstable are higher than the national average. Barnstable 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 Barnstable.
SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Barnstable 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 | 6.03% - 6.18% |
| 7 Year Fixed | 6.09% - 6.24% |
| 10 Year Fixed | 6.09% - 6.24% |
Agency lenders along with regional banks and credit unions are most likely to lend on multifamily properties in Barnstable.
The city of Barnstable in Barnstable County has a population of 44,477. The median rent in Barnstable County for a 2 bedroom is $1,758. The median Barnstable resident is 48 years old with a yearly income of $36,578. The average family has 2.89 members and a median household income of $72,733. Barnstable has a 39% higher education rate. The unemployment rate in Barnstable is 4.4%.
25% of Barnstable households are renters.
35.3% median household income spent on rent.
Bedrooms |
Barnstable County 1 |
Massachusetts 2 |
National 2 |
|---|---|---|---|
| Studio | $1,160 | $1,259 | $737 |
| 1 bedroom | $1,334 | $1,399 | $813 |
| 2 bedroom | $1,758 | $1,747 | $1,015 |
| 3 bedroom | $2,203 | $2,190 | $1,325 |
| 4 bedroom | $2,384 | $2,423 | $1,521 |
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