Medford is located in a what is considered a small market for 5+ unit multifamily loans. Multifamily loans in Medford are considered moderate risk due to market dynamics. Interest rates for multifamily loans in Medford are slightly higher than the national average. Medford apartments may be eligible for non-recourse multifamily loans up to 75% for purchases and 70% for refinances. SoftQuotes' lenders will lend lend on 5+ unit multifamily properties in Medford.
SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Medford are:
Fannie Mae® |
$1M to $6M |
|---|---|
| 5 Year Fixed | 6.56% - 7.30% |
| 7 Year Fixed | 6.46% - 6.97% |
| 10 Year Fixed | 6.40% - 6.80% |
Freddie Mac® |
$1M to $6M |
|---|---|
| 5 Year Fixed | 5.53% - 5.77% |
| 7 Year Fixed | 5.17% - 5.41% |
| 10 Year Fixed | 5.18% - 5.42% |
Fannie Mae® |
$6M to $100M |
|---|---|
| 5 Year Fixed | 6.36% - 7.10% |
| 7 Year Fixed | 6.26% - 6.77% |
| 10 Year Fixed | 6.20% - 6.60% |
Freddie Mac® |
$6M to $100M |
|---|---|
| 5 Year Fixed | 5.65% - 5.80% |
| 7 Year Fixed | 5.66% - 5.81% |
| 10 Year Fixed | 5.66% - 5.81% |
Agency lenders along with regional banks and credit unions are most likely to lend on multifamily properties in Medford.
The city of Medford in Jackson County has a population of 83,072. The median rent in Jackson County for a 2 bedroom is $1,089. The median Medford resident is 37 years old with a yearly income of $26,976. The average family has 3.05 members and a median household income of $50,116. Medford has a 25% higher education rate. The unemployment rate in Medford is 5.8%.
48.6% of Medford households are renters.
32.5% median household income spent on rent.
Bedrooms |
Jackson County 1 |
Oregon 2 |
National 2 |
|---|---|---|---|
| Studio | $762 | $786 | $737 |
| 1 bedroom | $826 | $891 | $813 |
| 2 bedroom | $1,089 | $1,112 | $1,015 |
| 3 bedroom | $1,559 | $1,569 | $1,325 |
| 4 bedroom | $1,885 | $1,853 | $1,521 |
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