Bartlesville is located in what is considered a very small market for 5+ unit multifamily loans. Multifamily loans in Bartlesville are considered greater risk due to market dynamics. Interest rates for multifamily loans in Bartlesville are higher than the national average. Bartlesville 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 Bartlesville.
SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Bartlesville 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 Bartlesville.
The city of Bartlesville in Washington County has a population of 36,144. The median rent in Washington County for a 2 bedroom is $744. The median Bartlesville resident is 38 years old with a yearly income of $27,704. The average family has 3.01 members and a median household income of $54,778. Bartlesville has a 32% higher education rate. The unemployment rate in Bartlesville is 5.7%.
32.9% of Bartlesville households are renters.
26.5% median household income spent on rent.
Bedrooms |
Washington County 1 |
Oklahoma 2 |
National 2 |
|---|---|---|---|
| Studio | $626 | $589 | $737 |
| 1 bedroom | $653 | $623 | $813 |
| 2 bedroom | $744 | $790 | $1,015 |
| 3 bedroom | $1,039 | $1,041 | $1,325 |
| 4 bedroom | $1,220 | $1,191 | $1,521 |
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