Baton Rouge is located in a what is considered a small market for 5+ unit multifamily loans. Multifamily loans in Baton Rouge are considered moderate risk due to market dynamics. Interest rates for multifamily loans in Baton Rouge are slightly higher than the national average. Baton Rouge 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 Baton Rouge.
SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Baton Rouge are:
Fannie Mae® |
$1M to $6M |
|---|---|
| 5 Year Fixed | 7.07% - 7.81% |
| 7 Year Fixed | 6.96% - 7.47% |
| 10 Year Fixed | 6.90% - 7.30% |
Freddie Mac® |
$1M to $6M |
|---|---|
| 5 Year Fixed | 7.18% - 7.42% |
| 7 Year Fixed | 6.82% - 7.06% |
| 10 Year Fixed | 6.73% - 6.97% |
Fannie Mae® |
$6M to $100M |
|---|---|
| 5 Year Fixed | 6.87% - 7.61% |
| 7 Year Fixed | 6.76% - 7.27% |
| 10 Year Fixed | 6.70% - 7.10% |
Freddie Mac® |
$6M to $100M |
|---|---|
| 5 Year Fixed | 6.25% - 6.35% |
| 7 Year Fixed | 6.26% - 6.36% |
| 10 Year Fixed | 6.19% - 6.39% |
Agency lenders along with regional banks and credit unions are most likely to lend on multifamily properties in Baton Rouge.
The city of Baton Rouge in East Baton Rouge Parish has a population of 220,236. The median rent in East Baton Rouge Parish for a 2 bedroom is $1,087. The median Baton Rouge resident is 32 years old with a yearly income of $23,069. The average family has 3.5 members and a median household income of $44,470. Baton Rouge has a 33% higher education rate. The unemployment rate in Baton Rouge is 8.4%.
50.2% of Baton Rouge households are renters.
37.8% median household income spent on rent.
Bedrooms |
East Baton Rouge Parish 1 |
Louisiana 2 |
National 2 |
|---|---|---|---|
| Studio | $852 | $665 | $737 |
| 1 bedroom | $918 | $729 | $813 |
| 2 bedroom | $1,087 | $888 | $1,015 |
| 3 bedroom | $1,385 | $1,160 | $1,325 |
| 4 bedroom | $1,698 | $1,326 | $1,521 |
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