Eugene is located in a what is considered a small market for 5+ unit multifamily loans. Multifamily loans in Eugene are considered moderate risk due to market dynamics. Interest rates for multifamily loans in Eugene are slightly higher than the national average. Eugene 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 Eugene.
SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Eugene are:
Fannie Mae® |
$1M to $6M |
|---|---|
| 5 Year Fixed | 6.56% - 7.30% |
| 7 Year Fixed | 6.46% - 6.97% |
| 10 Year Fixed | 6.40% - 6.80% |
Freddie Mac® |
$1M to $6M |
|---|---|
| 5 Year Fixed | 5.53% - 5.77% |
| 7 Year Fixed | 5.17% - 5.41% |
| 10 Year Fixed | 5.18% - 5.42% |
Fannie Mae® |
$6M to $100M |
|---|---|
| 5 Year Fixed | 6.36% - 7.10% |
| 7 Year Fixed | 6.26% - 6.77% |
| 10 Year Fixed | 6.20% - 6.60% |
Freddie Mac® |
$6M to $100M |
|---|---|
| 5 Year Fixed | 5.65% - 5.80% |
| 7 Year Fixed | 5.66% - 5.81% |
| 10 Year Fixed | 5.66% - 5.81% |
Agency lenders along with regional banks and credit unions are most likely to lend on multifamily properties in Eugene.
The city of Eugene in Lane County has a population of 172,622. The median rent in Lane County for a 2 bedroom is $1,269. The median Eugene resident is 35 years old with a yearly income of $25,409. The average family has 2.89 members and a median household income of $50,962. Eugene has a 42% higher education rate. The unemployment rate in Eugene is 7.0%.
52.7% of Eugene households are renters.
38.6% median household income spent on rent.
Bedrooms |
Lane County 1 |
Oregon 2 |
National 2 |
|---|---|---|---|
| Studio | $837 | $786 | $737 |
| 1 bedroom | $969 | $891 | $813 |
| 2 bedroom | $1,269 | $1,112 | $1,015 |
| 3 bedroom | $1,816 | $1,569 | $1,325 |
| 4 bedroom | $2,164 | $1,853 | $1,521 |
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