Elizabethtown is located in what is considered a very small market for 5+ unit multifamily loans. Multifamily loans in Elizabethtown are considered greater risk due to market dynamics. Interest rates for multifamily loans in Elizabethtown are higher than the national average. Elizabethtown 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 Elizabethtown.
SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Elizabethtown 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 | 6.68% - 6.92% |
| 7 Year Fixed | 6.44% - 6.68% |
| 10 Year Fixed | 6.38% - 6.62% |
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 | 5.89% - 5.99% |
| 7 Year Fixed | 5.94% - 6.04% |
| 10 Year Fixed | 5.92% - 6.02% |
Agency lenders along with regional banks and credit unions are most likely to lend on multifamily properties in Elizabethtown.
The city of Elizabethtown in Hardin County has a population of 30,289. The median rent in Hardin County for a 2 bedroom is $886. The median Elizabethtown resident is 37 years old with a yearly income of $28,937. The average family has 2.94 members and a median household income of $46,754. Elizabethtown has a 29% higher education rate. The unemployment rate in Elizabethtown is 5.9%.
55.7% of Elizabethtown households are renters.
25.9% median household income spent on rent.
Bedrooms |
Hardin County 1 |
Kentucky 2 |
National 2 |
|---|---|---|---|
| Studio | $668 | $548 | $737 |
| 1 bedroom | $672 | $605 | $813 |
| 2 bedroom | $886 | $763 | $1,015 |
| 3 bedroom | $1,268 | $1,011 | $1,325 |
| 4 bedroom | $1,534 | $1,144 | $1,521 |
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