Goodyear is located in a good market for 5+ unit multifamily loans. Multifamily loans in Goodyear are considered lower risk due to market size and stable regional economy. Interest rates for multifamily loans in Goodyear are competitive. Goodyear apartments may be eligible for non-recourse multifamily loans up to 80% and other favorable terms like long term fixed rates and interest only payment options. SoftQuotes' lenders will lend on 5+ unit multifamily properties in Goodyear.
SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Goodyear 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 $7.5M |
|---|---|
| 5 Year Fixed | 7.04% - 7.28% |
| 7 Year Fixed | 6.63% - 6.87% |
| 10 Year Fixed | 6.69% - 6.93% |
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® |
$7.5M to $100M |
|---|---|
| 5 Year Fixed | 6.10% - 6.20% |
| 7 Year Fixed | 6.11% - 6.21% |
| 10 Year Fixed | 6.04% - 6.34% |
All major multifamily lender types are lending in Goodyear.
The city of Goodyear in Maricopa County has a population of 86,840. The median rent in Maricopa County for a 2 bedroom is $1,346. The median Goodyear resident is 39 years old with a yearly income of $35,703. The average family has 3.38 members and a median household income of $83,866. Goodyear has a 31% higher education rate. The unemployment rate in Goodyear is 4.5%.
22.6% of Goodyear households are renters.
28.2% median household income spent on rent.
Bedrooms |
Maricopa County 1 |
Arizona 2 |
National 2 |
|---|---|---|---|
| Studio | $1,004 | $747 | $737 |
| 1 bedroom | $1,111 | $822 | $813 |
| 2 bedroom | $1,346 | $1,038 | $1,015 |
| 3 bedroom | $1,899 | $1,433 | $1,325 |
| 4 bedroom | $2,162 | $1,597 | $1,521 |
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