Kenosha is located in a good market for 5+ unit multifamily loans. Multifamily loans in Kenosha are considered lower risk due to market size and stable regional economy. Interest rates for multifamily loans in Kenosha are competitive. Kenosha 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 Kenosha.
SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Kenosha 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 $7.5M |
|---|---|
| 5 Year Fixed | 7.04% - 7.28% |
| 7 Year Fixed | 6.70% - 6.94% |
| 10 Year Fixed | 6.69% - 6.93% |
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® |
$7.5M to $100M |
|---|---|
| 5 Year Fixed | 6.10% - 6.20% |
| 7 Year Fixed | 6.11% - 6.21% |
| 10 Year Fixed | 6.04% - 6.34% |
All major multifamily lender types are lending in Kenosha.
The city of Kenosha in Kenosha County has a population of 99,944. The median rent in Kenosha County for a 2 bedroom is $1,116. The median Kenosha resident is 36 years old with a yearly income of $29,328. The average family has 3.18 members and a median household income of $55,417. Kenosha has a 25% higher education rate. The unemployment rate in Kenosha is 6.9%.
44.1% of Kenosha households are renters.
31.3% median household income spent on rent.
Bedrooms |
Kenosha County 1 |
Wisconsin 2 |
National 2 |
|---|---|---|---|
| Studio | $736 | $595 | $737 |
| 1 bedroom | $847 | $668 | $813 |
| 2 bedroom | $1,116 | $856 | $1,015 |
| 3 bedroom | $1,448 | $1,127 | $1,325 |
| 4 bedroom | $1,641 | $1,256 | $1,521 |
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