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Multifamily Loans in Iowa

Overview

276,088 (or 8.75%) of the 3,155,070 population of Iowa live in 5+ unit apartment properties. Iowa has approximately 184,860 multifamily units. Last year, 3,303 new apartment units were constructed in Iowa, representing a 1.82% growth in units. Multifamily units make up 13.81% of the total housing stock in Iowa.

Interest rates for multifamily loans in Iowa are very competitive. Iowa 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 Iowa.

Get multifamily loan quotes for Mar 02, 2024


Multifamily Loan Rates in Iowa

SoftQuotes' lender rates for 5+ unit multifamily loans in Iowa are:

Loan Amount
$1M to $6M
5 Year Fixed 6.07% - 6.92%
7 Year Fixed 6.18% - 6.68%
10 Year Fixed 6.19% - 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%
Additional rate discounts for affordability and energy efficiency. Longer term fixed rates available. This is not an offer or commitment to lend. Rates updated on 03/01/2024.

Get multifamily loan quotes for Mar 02, 2024


Iowa Rents

The state of Iowa prohibits rent control.

Bedrooms
Low1
High2
Average2
Studio $472 $791 $558
1 bedroom $543 $862 $613
2 bedroom $715 $1,112 $785
3 bedroom $889 $1,591 $1,038
4 bedroom $970 $1,925 $1,151
1 County median 2 Average of counties
Source: Federal Housing Finance Agency