Madison is located in a good market for 5+ unit multifamily loans. Multifamily loans in Madison are considered lower risk due to market size and stable regional economy. Interest rates for multifamily loans in Madison are competitive. Madison 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 Madison.
SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Madison 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 $7.5M |
|---|---|
| 5 Year Fixed | 7.04% - 7.28% |
| 7 Year Fixed | 6.70% - 6.94% |
| 10 Year Fixed | 6.69% - 6.93% |
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® |
$7.5M to $100M |
|---|---|
| 5 Year Fixed | 6.10% - 6.20% |
| 7 Year Fixed | 6.11% - 6.21% |
| 10 Year Fixed | 6.04% - 6.34% |
All major multifamily lender types are lending in Madison.
The city of Madison in Dane County has a population of 259,680. The median rent in Dane County for a 2 bedroom is $1,306. The median Madison resident is 31 years old with a yearly income of $32,949. The average family has 2.87 members and a median household income of $65,332. Madison has a 58% higher education rate. The unemployment rate in Madison is 3.1%.
53% of Madison households are renters.
31.8% median household income spent on rent.
Bedrooms |
Dane County 1 |
Wisconsin 2 |
National 2 |
|---|---|---|---|
| Studio | $958 | $595 | $737 |
| 1 bedroom | $1,121 | $668 | $813 |
| 2 bedroom | $1,306 | $856 | $1,015 |
| 3 bedroom | $1,770 | $1,127 | $1,325 |
| 4 bedroom | $2,119 | $1,256 | $1,521 |
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