Metairie is located in a good market for 5+ unit multifamily loans. Multifamily loans in Metairie are considered lower risk due to market size and stable regional economy. Interest rates for multifamily loans in Metairie are competitive. Metairie 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 Metairie.
SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Metairie 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 Metairie.
The city of Metairie in Jefferson Parish has a population of 142,135. The median rent in Jefferson Parish for a 2 bedroom is $1,127. The median Metairie resident is 42 years old with a yearly income of $32,543. The average family has 3.04 members and a median household income of $59,346. Metairie has a 37% higher education rate. The unemployment rate in Metairie is 3.7%.
39% of Metairie households are renters.
29.8% 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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