La Crosse is located in what is considered a very small market for 5+ unit multifamily loans. Multifamily loans in La Crosse are considered greater risk due to market dynamics. Interest rates for multifamily loans in La Crosse are higher than the national average. La Crosse 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 La Crosse.
SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in La Crosse 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 $6M |
|---|---|
| 5 Year Fixed | 7.33% - 7.57% |
| 7 Year Fixed | 6.94% - 7.18% |
| 10 Year Fixed | 6.83% - 7.07% |
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® |
$6M to $100M |
|---|---|
| 5 Year Fixed | 6.40% - 6.50% |
| 7 Year Fixed | 6.41% - 6.51% |
| 10 Year Fixed | 6.34% - 6.44% |
Agency lenders along with regional banks and credit unions are most likely to lend on multifamily properties in La Crosse.
The city of La Crosse in La Crosse County has a population of 51,227. The median rent in La Crosse County for a 2 bedroom is $923. The median La Crosse resident is 29 years old with a yearly income of $21,944. The average family has 2.87 members and a median household income of $45,233. La Crosse has a 36% higher education rate. The unemployment rate in La Crosse is 4.3%.
53.9% of La Crosse households are renters.
30.3% median household income spent on rent.
Bedrooms |
La Crosse County 1 |
Wisconsin 2 |
National 2 |
|---|---|---|---|
| Studio | $609 | $595 | $737 |
| 1 bedroom | $711 | $668 | $813 |
| 2 bedroom | $923 | $856 | $1,015 |
| 3 bedroom | $1,285 | $1,127 | $1,325 |
| 4 bedroom | $1,598 | $1,256 | $1,521 |
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