90,336 (or 9.28%) of the 973,764 population of Delaware live in 5+ unit apartment properties. Delaware has approximately 52,458 multifamily units. Last year, 973 new apartment units were constructed in Delaware, representing a 1.89% growth in units. Multifamily units make up 13.4% of the total housing stock in Delaware.
Interest rates for multifamily loans in Delaware are very competitive. Delaware apartments are eligible for non-recourse multifamily loans with long term fixed rates and other favorable terms. SoftQuotes' lenders are actively lending on 5+ unit multifamily properties in Delaware.
SoftQuotes' lender rates for 5+ unit multifamily loans in Delaware are:
Loan Amount |
$1M to $6M |
|---|---|
| 5 Year Fixed | 6.52% - 7.12% |
| 7 Year Fixed | 6.73% - 6.98% |
| 10 Year Fixed | 6.69% - 7.02% |
Loan Amount |
$6M to $100M |
|---|---|
| 5 Year Fixed | 5.94% - 6.49% |
| 7 Year Fixed | 5.98% - 6.53% |
| 10 Year Fixed | 5.92% - 6.47% |
The state of Delaware has no rent control or preemptions.
Bedrooms |
Low1 |
High2 |
Average2 |
|---|---|---|---|
| Studio | $703 | $970 | $868 |
| 1 bedroom | $803 | $1,121 | $963 |
| 2 bedroom | $1,058 | $1,358 | $1,182 |
| 3 bedroom | $1,432 | $1,689 | $1,580 |
| 4 bedroom | $1,651 | $1,935 | $1,827 |