Benton is located in a good market for 5+ unit multifamily loans. Multifamily loans in Benton are considered lower risk due to market size and stable regional economy. Interest rates for multifamily loans in Benton are competitive. Benton apartments may be eligible for non-recourse multifamily loans up to 80% and other favorable terms like long term fixed rates and interest only payment options. SoftQuotes' lenders will lend on 5+ unit multifamily properties in Benton.
SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Benton 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 $7.5M |
|---|---|
| 5 Year Fixed | 5.44% - 5.68% |
| 7 Year Fixed | 5.28% - 5.52% |
| 10 Year Fixed | 5.19% - 5.43% |
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® |
$7.5M to $100M |
|---|---|
| 5 Year Fixed | 5.60% - 5.75% |
| 7 Year Fixed | 5.61% - 5.76% |
| 10 Year Fixed | 5.61% - 5.76% |
All major multifamily lender types are lending in Benton.
The city of Benton in Saline County has a population of 36,820. The median rent in Saline County for a 2 bedroom is $898. The median Benton resident is 37 years old with a yearly income of $30,848. The average family has 3.33 members and a median household income of $59,029. Benton has a 28% higher education rate. The unemployment rate in Benton is 3.9%.
31.5% of Benton households are renters.
29.1% median household income spent on rent.
Bedrooms |
Saline County 1 |
Arkansas 2 |
National 2 |
|---|---|---|---|
| Studio | $742 | $535 | $737 |
| 1 bedroom | $777 | $574 | $813 |
| 2 bedroom | $898 | $723 | $1,015 |
| 3 bedroom | $1,206 | $954 | $1,325 |
| 4 bedroom | $1,416 | $1,104 | $1,521 |
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