338,533 (or 7.58%) of the 4,467,673 population of Kentucky live in 5+ unit apartment properties. Kentucky has approximately 193,283 multifamily units. Last year, 1,714 new apartment units were constructed in Kentucky, representing a 0.89% growth in units. Multifamily units make up 10.5% of the total housing stock in Kentucky.
Interest rates for multifamily loans in Kentucky are very competitive. Kentucky 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 Kentucky.
SoftQuotes' lender rates for 5+ unit multifamily loans in Kentucky are:
Loan Amount |
$1M to $6M |
|---|---|
| 5 Year Fixed | 6.07% - 6.92% |
| 7 Year Fixed | 6.18% - 6.68% |
| 10 Year Fixed | 6.19% - 6.62% |
Loan Amount |
$6M to $100M |
|---|---|
| 5 Year Fixed | 5.44% - 5.99% |
| 7 Year Fixed | 5.49% - 6.04% |
| 10 Year Fixed | 5.47% - 6.02% |
The state of Kentucky prohibits rent control.
Bedrooms |
Low1 |
High2 |
Average2 |
|---|---|---|---|
| Studio | $437 | $692 | $548 |
| 1 bedroom | $503 | $810 | $605 |
| 2 bedroom | $663 | $989 | $763 |
| 3 bedroom | $825 | $1,349 | $1,011 |
| 4 bedroom | $899 | $1,645 | $1,144 |