Marrero is located in a good market for 5+ unit multifamily loans. Multifamily loans in Marrero are considered lower risk due to market size and stable regional economy. Interest rates for multifamily loans in Marrero are competitive. Marrero 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 Marrero.
SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Marrero 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 | 6.99% - 7.23% |
| 7 Year Fixed | 6.73% - 6.97% |
| 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 Marrero.
The city of Marrero in Jefferson Parish has a population of 30,894. The median rent in Jefferson Parish for a 2 bedroom is $1,127. The median Marrero resident is 42 years old with a yearly income of $24,220. The average family has 3.28 members and a median household income of $44,866. Marrero has a 12% higher education rate. The unemployment rate in Marrero is 7.0%.
33% of Marrero households are renters.
50.9% median household income spent on rent.
Bedrooms |
Jefferson Parish 1 |
Louisiana 2 |
National 2 |
|---|---|---|---|
| Studio | $813 | $665 | $737 |
| 1 bedroom | $955 | $729 | $813 |
| 2 bedroom | $1,127 | $888 | $1,015 |
| 3 bedroom | $1,457 | $1,160 | $1,325 |
| 4 bedroom | $1,681 | $1,326 | $1,521 |
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