Dodge City is located in what is considered a very small market for 5+ unit multifamily loans. Multifamily loans in Dodge City are considered greater risk due to market dynamics. Interest rates for multifamily loans in Dodge City are higher than the national average. Dodge City apartments may be eligible for non-recourse multifamily loans up to 75% for purchases and 70% for refinances. SoftQuotes' lenders will lend on 5+ unit multifamily properties in Dodge City.
SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Dodge City 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 $6M |
|---|---|
| 5 Year Fixed | 7.33% - 7.57% |
| 7 Year Fixed | 6.94% - 7.18% |
| 10 Year Fixed | 6.83% - 7.07% |
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® |
$6M to $100M |
|---|---|
| 5 Year Fixed | 6.40% - 6.50% |
| 7 Year Fixed | 6.41% - 6.51% |
| 10 Year Fixed | 6.34% - 6.44% |
Agency lenders along with regional banks and credit unions are most likely to lend on multifamily properties in Dodge City.
The city of Dodge City in Ford County has a population of 27,104. The median rent in Ford County for a 2 bedroom is $827. The median Dodge City resident is 30 years old with a yearly income of $28,147. The average family has 3.52 members and a median household income of $50,338. Dodge City has a 17% higher education rate. The unemployment rate in Dodge City is 6.0%.
41.8% of Dodge City households are renters.
24.2% median household income spent on rent.
Bedrooms |
Ford County 1 |
Kansas 2 |
National 2 |
|---|---|---|---|
| Studio | $625 | $581 | $737 |
| 1 bedroom | $628 | $612 | $813 |
| 2 bedroom | $827 | $781 | $1,015 |
| 3 bedroom | $1,094 | $1,027 | $1,325 |
| 4 bedroom | $1,184 | $1,166 | $1,521 |
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