101,015 (or 5.65%) of the 1,787,065 population of Idaho live in 5+ unit apartment properties. Idaho has approximately 59,392 multifamily units. Last year, 3,181 new apartment units were constructed in Idaho, representing a 5.66% growth in units. Multifamily units make up 10% of the total housing stock in Idaho.
Interest rates for multifamily loans in Idaho are very competitive. Idaho 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 Idaho.
SoftQuotes' lender rates for 5+ unit multifamily loans in Idaho are:
Loan Amount |
$1M to $6M |
|---|---|
| 5 Year Fixed | 6.77% - 7.52% |
| 7 Year Fixed | 6.55% - 7.03% |
| 10 Year Fixed | 6.59% - 7.12% |
Loan Amount |
$6M to $100M |
|---|---|
| 5 Year Fixed | 5.95% - 6.50% |
| 7 Year Fixed | 5.96% - 6.51% |
| 10 Year Fixed | 5.89% - 6.44% |
The state of Idaho prohibits rent control.
Bedrooms |
Low1 |
High2 |
Average2 |
|---|---|---|---|
| Studio | $515 | $757 | $622 |
| 1 bedroom | $557 | $860 | $673 |
| 2 bedroom | $734 | $1,133 | $863 |
| 3 bedroom | $986 | $1,568 | $1,204 |
| 4 bedroom | $1,127 | $1,747 | $1,409 |