229,192 (or 7.87%) of the 2,913,314 population of Kansas live in 5+ unit apartment properties. Kansas has approximately 152,574 multifamily units. Last year, 1,455 new apartment units were constructed in Kansas, representing a 0.96% growth in units. Multifamily units make up 14.39% of the total housing stock in Kansas.
Interest rates for multifamily loans in Kansas are very competitive. Kansas apartments are eligible for non-recourse multifamily loans with long term fixed rates and other favorable terms. SoftQuotes' lenders are actively lending on 5+ unit multifamily properties in Kansas.
SoftQuotes' lender rates for 5+ unit multifamily loans in Kansas are:
Loan Amount |
$1M to $6M |
|---|---|
| 5 Year Fixed | 6.72% - 7.57% |
| 7 Year Fixed | 6.68% - 7.18% |
| 10 Year Fixed | 6.64% - 7.07% |
Loan Amount |
$6M to $100M |
|---|---|
| 5 Year Fixed | 5.95% - 6.50% |
| 7 Year Fixed | 5.96% - 6.51% |
| 10 Year Fixed | 5.89% - 6.44% |
The state of Kansas is a Dillon Rule state with no rent control nor preemptions.
Bedrooms |
Low1 |
High2 |
Average2 |
|---|---|---|---|
| Studio | $474 | $784 | $581 |
| 1 bedroom | $545 | $919 | $612 |
| 2 bedroom | $718 | $1,095 | $781 |
| 3 bedroom | $893 | $1,463 | $1,027 |
| 4 bedroom | $974 | $1,735 | $1,166 |