Klamath Falls is located in what is considered a very small market for 5+ unit multifamily loans. Multifamily loans in Klamath Falls are considered greater risk due to market dynamics. Interest rates for multifamily loans in Klamath Falls are higher than the national average. Klamath 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 Klamath Falls.
SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Klamath Falls 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 | 6.63% - 6.87% |
| 7 Year Fixed | 6.29% - 6.53% |
| 10 Year Fixed | 6.43% - 6.67% |
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 | 5.89% - 5.99% |
| 7 Year Fixed | 5.94% - 6.04% |
| 10 Year Fixed | 5.92% - 6.02% |
Agency lenders along with regional banks and credit unions are most likely to lend on multifamily properties in Klamath Falls.
The city of Klamath Falls in Klamath County has a population of 21,753. The median rent in Klamath County for a 2 bedroom is $895. The median Klamath Falls resident is 36 years old with a yearly income of $21,563. The average family has 2.93 members and a median household income of $41,444. Klamath Falls has a 22% higher education rate. The unemployment rate in Klamath Falls is 9.3%.
54.9% of Klamath Falls households are renters.
31% median household income spent on rent.
Bedrooms |
Klamath County 1 |
Oregon 2 |
National 2 |
|---|---|---|---|
| Studio | $618 | $786 | $737 |
| 1 bedroom | $682 | $891 | $813 |
| 2 bedroom | $895 | $1,112 | $1,015 |
| 3 bedroom | $1,272 | $1,569 | $1,325 |
| 4 bedroom | $1,425 | $1,853 | $1,521 |
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