Hopkinsville is located in a what is considered a small market for 5+ unit multifamily loans. Multifamily loans in Hopkinsville are considered moderate risk due to market dynamics. Interest rates for multifamily loans in Hopkinsville are slightly higher than the national average. Hopkinsville 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 Hopkinsville.
SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Hopkinsville 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 | 7.23% - 7.47% |
| 7 Year Fixed | 6.84% - 7.08% |
| 10 Year Fixed | 6.73% - 6.97% |
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 | 6.25% - 6.35% |
| 7 Year Fixed | 6.26% - 6.36% |
| 10 Year Fixed | 6.19% - 6.39% |
Agency lenders along with regional banks and credit unions are most likely to lend on multifamily properties in Hopkinsville.
The city of Hopkinsville in Christian County has a population of 30,680. The median rent in Christian County for a 2 bedroom is $929. The median Hopkinsville resident is 36 years old with a yearly income of $24,474. The average family has 3.01 members and a median household income of $41,597. Hopkinsville has a 20% higher education rate. The unemployment rate in Hopkinsville is 7.0%.
50.3% of Hopkinsville households are renters.
30.3% median household income spent on rent.
Bedrooms |
Christian County 1 |
Kentucky 2 |
National 2 |
|---|---|---|---|
| Studio | $614 | $548 | $737 |
| 1 bedroom | $734 | $605 | $813 |
| 2 bedroom | $929 | $763 | $1,015 |
| 3 bedroom | $1,330 | $1,011 | $1,325 |
| 4 bedroom | $1,608 | $1,144 | $1,521 |
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