Council Bluffs is located in a good market for 5+ unit multifamily loans. Multifamily loans in Council Bluffs are considered lower risk due to market size and stable regional economy. Interest rates for multifamily loans in Council Bluffs are competitive. Council Bluffs 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 Council Bluffs.
SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Council Bluffs 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 | 7.04% - 7.28% |
| 7 Year Fixed | 6.70% - 6.94% |
| 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 | 6.10% - 6.20% |
| 7 Year Fixed | 6.11% - 6.21% |
| 10 Year Fixed | 6.04% - 6.34% |
All major multifamily lender types are lending in Council Bluffs.
The city of Council Bluffs in Pottawattamie County has a population of 62,166. The median rent in Pottawattamie County for a 2 bedroom is $1,054. The median Council Bluffs resident is 38 years old with a yearly income of $29,853. The average family has 3.06 members and a median household income of $53,524. Council Bluffs has a 19% higher education rate. The unemployment rate in Council Bluffs is 4.3%.
38.7% of Council Bluffs households are renters.
30% median household income spent on rent.
Bedrooms |
Pottawattamie County 1 |
Iowa 2 |
National 2 |
|---|---|---|---|
| Studio | $743 | $558 | $737 |
| 1 bedroom | $852 | $613 | $813 |
| 2 bedroom | $1,054 | $785 | $1,015 |
| 3 bedroom | $1,415 | $1,038 | $1,325 |
| 4 bedroom | $1,578 | $1,151 | $1,521 |
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