Kaysville is located in a what is considered a small market for 5+ unit multifamily loans. Multifamily loans in Kaysville are considered moderate risk due to market dynamics. Interest rates for multifamily loans in Kaysville are slightly higher than the national average. Kaysville 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 Kaysville.
SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Kaysville are:
Fannie Mae® |
$1M to $6M |
|---|---|
| 5 Year Fixed | 6.71% - 7.45% |
| 7 Year Fixed | 6.66% - 7.17% |
| 10 Year Fixed | 6.64% - 7.04% |
Freddie Mac® |
$1M to $6M |
|---|---|
| 5 Year Fixed | 6.53% - 6.77% |
| 7 Year Fixed | 6.24% - 6.48% |
| 10 Year Fixed | 6.33% - 6.57% |
Fannie Mae® |
$6M to $100M |
|---|---|
| 5 Year Fixed | 6.51% - 7.25% |
| 7 Year Fixed | 6.46% - 6.97% |
| 10 Year Fixed | 6.44% - 6.84% |
Freddie Mac® |
$6M to $100M |
|---|---|
| 5 Year Fixed | 5.74% - 5.84% |
| 7 Year Fixed | 5.79% - 5.89% |
| 10 Year Fixed | 5.77% - 5.87% |
Agency lenders along with regional banks and credit unions are most likely to lend on multifamily properties in Kaysville.
The city of Kaysville in Davis County has a population of 32,390. The median rent in Davis County for a 2 bedroom is $1,085. The median Kaysville resident is 30 years old with a yearly income of $37,804. The average family has 3.9 members and a median household income of $99,597. Kaysville has a 49% higher education rate. The unemployment rate in Kaysville is 2.9%.
12.3% of Kaysville households are renters.
25.8% median household income spent on rent.
Bedrooms |
Davis County 1 |
Utah 2 |
National 2 |
|---|---|---|---|
| Studio | $766 | $659 | $737 |
| 1 bedroom | $863 | $743 | $813 |
| 2 bedroom | $1,085 | $922 | $1,015 |
| 3 bedroom | $1,522 | $1,250 | $1,325 |
| 4 bedroom | $1,814 | $1,497 | $1,521 |
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