Cuyahoga Falls is located in a what is considered a small market for 5+ unit multifamily loans. Multifamily loans in Cuyahoga Falls are considered moderate risk due to market dynamics. Interest rates for multifamily loans in Cuyahoga Falls are slightly higher than the national average. Cuyahoga Falls 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 Cuyahoga Falls.
SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Cuyahoga Falls are:
Fannie Mae® |
$1M to $6M |
|---|---|
| 5 Year Fixed | 6.71% - 7.45% |
| 7 Year Fixed | 6.66% - 7.17% |
| 10 Year Fixed | 6.64% - 7.04% |
Freddie Mac® |
$1M to $6M |
|---|---|
| 5 Year Fixed | 6.58% - 6.82% |
| 7 Year Fixed | 6.34% - 6.58% |
| 10 Year Fixed | 6.28% - 6.52% |
Fannie Mae® |
$6M to $100M |
|---|---|
| 5 Year Fixed | 6.51% - 7.25% |
| 7 Year Fixed | 6.46% - 6.97% |
| 10 Year Fixed | 6.44% - 6.84% |
Freddie Mac® |
$6M to $100M |
|---|---|
| 5 Year Fixed | 5.74% - 5.84% |
| 7 Year Fixed | 5.79% - 5.89% |
| 10 Year Fixed | 5.77% - 5.87% |
Agency lenders along with regional banks and credit unions are most likely to lend on multifamily properties in Cuyahoga Falls.
The city of Cuyahoga Falls in Summit County has a population of 49,106. The median rent in Summit County for a 2 bedroom is $911. The median Cuyahoga Falls resident is 40 years old with a yearly income of $33,342. The average family has 2.95 members and a median household income of $57,101. Cuyahoga Falls has a 33% higher education rate. The unemployment rate in Cuyahoga Falls is 3.7%.
38% of Cuyahoga Falls households are renters.
27.6% median household income spent on rent.
Bedrooms |
Summit County 1 |
Ohio 2 |
National 2 |
|---|---|---|---|
| Studio | $607 | $597 | $737 |
| 1 bedroom | $712 | $662 | $813 |
| 2 bedroom | $911 | $834 | $1,015 |
| 3 bedroom | $1,147 | $1,084 | $1,325 |
| 4 bedroom | $1,235 | $1,205 | $1,521 |
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