Boynton Beach is located in a strong market for 5+ unit multifamily loans. Multifamily loans in Boynton Beach are considered low risk due to market size and favorable regional economy. Interest rates for multifamily loans in Boynton Beach are some of the lowest nationally. Boynton Beach 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 Boynton Beach.
SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Boynton Beach 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 $7.5M |
|---|---|
| 5 Year Fixed | 6.77% - 7.01% |
| 7 Year Fixed | 6.73% - 6.97% |
| 10 Year Fixed | 6.69% - 6.93% |
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® |
$7.5M to $100M |
|---|---|
| 5 Year Fixed | 5.95% - 6.05% |
| 7 Year Fixed | 5.96% - 6.06% |
| 10 Year Fixed | 5.89% - 6.29% |
All major multifamily lender types are lending in Boynton Beach.
The city of Boynton Beach in Palm Beach County has a population of 78,679. The median rent in Palm Beach County for a 2 bedroom is $1,590. The median Boynton Beach resident is 43 years old with a yearly income of $29,448. The average family has 3.37 members and a median household income of $57,563. Boynton Beach has a 30% higher education rate. The unemployment rate in Boynton Beach is 7.4%.
39.6% of Boynton Beach households are renters.
36.7% median household income spent on rent.
Bedrooms |
Palm Beach County 1 |
Florida 2 |
National 2 |
|---|---|---|---|
| Studio | $1,065 | $822 | $737 |
| 1 bedroom | $1,278 | $891 | $813 |
| 2 bedroom | $1,590 | $1,089 | $1,015 |
| 3 bedroom | $2,149 | $1,448 | $1,325 |
| 4 bedroom | $2,585 | $1,716 | $1,521 |
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