Lake Jackson is located in a good market for 5+ unit multifamily loans. Multifamily loans in Lake Jackson are considered lower risk due to market size and stable regional economy. Interest rates for multifamily loans in Lake Jackson are competitive. Lake Jackson 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 Lake Jackson.
SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Lake Jackson are:
Fannie Mae® |
$1M to $6M |
|---|---|
| 5 Year Fixed | 6.91% - 7.65% |
| 7 Year Fixed | 6.77% - 7.28% |
| 10 Year Fixed | 6.69% - 7.09% |
Freddie Mac® |
$1M to $7.5M |
|---|---|
| 5 Year Fixed | 6.14% - 6.38% |
| 7 Year Fixed | 6.93% - 6.17% |
| 10 Year Fixed | 5.84% - 6.08% |
Fannie Mae® |
$6M to $100M |
|---|---|
| 5 Year Fixed | 6.71% - 7.45% |
| 7 Year Fixed | 6.57% - 7.08% |
| 10 Year Fixed | 6.49% - 6.89% |
Freddie Mac® |
$7.5M to $100M |
|---|---|
| 5 Year Fixed | 5.87% - 6.02% |
| 7 Year Fixed | 5.84% - 5.99% |
| 10 Year Fixed | 5.76% - 5.91% |
All major multifamily lender types are lending in Lake Jackson.
The city of Lake Jackson in Brazoria County has a population of 27,220. The median rent in Brazoria County for a 2 bedroom is $1,249. The median Lake Jackson resident is 35 years old with a yearly income of $41,605. The average family has 3.13 members and a median household income of $82,465. Lake Jackson has a 35% higher education rate. The unemployment rate in Lake Jackson is 4.3%.
35.2% of Lake Jackson households are renters.
23.4% median household income spent on rent.
Bedrooms |
Brazoria County 1 |
Texas 2 |
National 2 |
|---|---|---|---|
| Studio | $824 | $669 | $737 |
| 1 bedroom | $1,096 | $738 | $813 |
| 2 bedroom | $1,249 | $912 | $1,015 |
| 3 bedroom | $1,675 | $1,210 | $1,325 |
| 4 bedroom | $2,163 | $1,407 | $1,521 |
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