Maryland Heights is located in a good market for 5+ unit multifamily loans. Multifamily loans in Maryland Heights are considered lower risk due to market size and stable regional economy. Interest rates for multifamily loans in Maryland Heights are competitive. Maryland Heights 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 Maryland Heights.
SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Maryland Heights 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 Maryland Heights.
The city of Maryland Heights in St. Louis County has a population of 26,956. The median rent in St. Louis County for a 2 bedroom is $1,005. The median Maryland Heights resident is 37 years old with a yearly income of $36,862. The average family has 2.86 members and a median household income of $66,686. Maryland Heights has a 46% higher education rate. The unemployment rate in Maryland Heights is 4.1%.
44% of Maryland Heights households are renters.
19.8% median household income spent on rent.
Bedrooms |
St. Louis County 1 |
Missouri 2 |
National 2 |
|---|---|---|---|
| Studio | $719 | $535 | $737 |
| 1 bedroom | $783 | $594 | $813 |
| 2 bedroom | $1,005 | $761 | $1,015 |
| 3 bedroom | $1,311 | $1,010 | $1,325 |
| 4 bedroom | $1,543 | $1,155 | $1,521 |
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