1,115,952 (or 10.51%) of the 10,617,423 population of Georgia live in 5+ unit apartment properties. Georgia has approximately 635,202 multifamily units. Last year, 6,821 new apartment units were constructed in Georgia, representing a 1.09% growth in units. Multifamily units make up 18.72% of the total housing stock in Georgia.
Interest rates for multifamily loans in Georgia are very competitive. Georgia 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 Georgia.
SoftQuotes' lender rates for 5+ unit multifamily loans in Georgia are:
Loan Amount |
$1M to $6M |
|---|---|
| 5 Year Fixed | 6.12% - 6.82% |
| 7 Year Fixed | 6.23% - 6.66% |
| 10 Year Fixed | 6.24% - 6.62% |
Loan Amount |
$6M to $100M |
|---|---|
| 5 Year Fixed | 5.44% - 5.99% |
| 7 Year Fixed | 5.49% - 6.04% |
| 10 Year Fixed | 5.47% - 6.02% |
The state of Georgia prohibits rent control.
Bedrooms |
Low1 |
High2 |
Average2 |
|---|---|---|---|
| Studio | $428 | $1,101 | $670 |
| 1 bedroom | $492 | $1,126 | $698 |
| 2 bedroom | $648 | $1,284 | $840 |
| 3 bedroom | $806 | $1,615 | $1,103 |
| 4 bedroom | $879 | $1,976 | $1,302 |