Idaho Falls is located in what is considered a very small market for 5+ unit multifamily loans. Multifamily loans in Idaho Falls are considered greater risk due to market dynamics. Interest rates for multifamily loans in Idaho Falls are higher than the national average. Idaho Falls apartments may be eligible for non-recourse multifamily loans up to 75% for purchases and 70% for refinances. SoftQuotes' lenders will lend on 5+ unit multifamily properties in Idaho Falls.
SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Idaho Falls 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 | 7.28% - 7.52% |
| 7 Year Fixed | 6.79% - 7.03% |
| 10 Year Fixed | 6.88% - 7.12% |
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 | 6.40% - 6.50% |
| 7 Year Fixed | 6.41% - 6.51% |
| 10 Year Fixed | 6.34% - 6.44% |
Agency lenders along with regional banks and credit unions are most likely to lend on multifamily properties in Idaho Falls.
The city of Idaho Falls in Bonneville County has a population of 62,888. The median rent in Bonneville County for a 2 bedroom is $863. The median Idaho Falls resident is 33 years old with a yearly income of $26,177. The average family has 3.27 members and a median household income of $53,148. Idaho Falls has a 31% higher education rate. The unemployment rate in Idaho Falls is 3.9%.
36.9% of Idaho Falls households are renters.
28.5% median household income spent on rent.
Bedrooms |
Bonneville County 1 |
Idaho 2 |
National 2 |
|---|---|---|---|
| Studio | $569 | $622 | $737 |
| 1 bedroom | $709 | $673 | $813 |
| 2 bedroom | $863 | $863 | $1,015 |
| 3 bedroom | $1,235 | $1,204 | $1,325 |
| 4 bedroom | $1,494 | $1,409 | $1,521 |
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