Jenks is located in a good market for 5+ unit multifamily loans. Multifamily loans in Jenks are considered lower risk due to market size and stable regional economy. Interest rates for multifamily loans in Jenks are competitive. Jenks 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 Jenks.
SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Jenks are:
Fannie Mae® |
$1M to $6M |
|---|---|
| 5 Year Fixed | 6.56% - 7.30% |
| 7 Year Fixed | 6.46% - 6.97% |
| 10 Year Fixed | 6.40% - 6.80% |
Freddie Mac® |
$1M to $7.5M |
|---|---|
| 5 Year Fixed | 5.91% - 6.92% |
| 7 Year Fixed | 5.82% - 7.04% |
| 10 Year Fixed | 5.84% - 7.08% |
Fannie Mae® |
$6M to $100M |
|---|---|
| 5 Year Fixed | 6.36% - 7.10% |
| 7 Year Fixed | 6.26% - 6.77% |
| 10 Year Fixed | 6.20% - 6.60% |
Freddie Mac® |
$7.5M to $100M |
|---|---|
| 5 Year Fixed | 5.93% - 6.08% |
| 7 Year Fixed | 5.99% - 6.14% |
| 10 Year Fixed | 5.99% - 6.14% |
All major multifamily lender types are lending in Jenks.
The city of Jenks in Tulsa County has a population of 23,767. The median rent in Tulsa County for a 2 bedroom is $951. The median Jenks resident is 34 years old with a yearly income of $44,134. The average family has 3.38 members and a median household income of $94,132. Jenks has a 45% higher education rate. The unemployment rate in Jenks is 4.3%.
22.1% of Jenks households are renters.
25% median household income spent on rent.
Bedrooms |
Tulsa County 1 |
Oklahoma 2 |
National 2 |
|---|---|---|---|
| Studio | $644 | $589 | $737 |
| 1 bedroom | $740 | $623 | $813 |
| 2 bedroom | $951 | $790 | $1,015 |
| 3 bedroom | $1,260 | $1,041 | $1,325 |
| 4 bedroom | $1,466 | $1,191 | $1,521 |
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