Milwaukie is located in a strong market for 5+ unit multifamily loans. Multifamily loans in Milwaukie are considered low risk due to market size and favorable regional economy. Interest rates for multifamily loans in Milwaukie are some of the lowest nationally. Milwaukie 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 Milwaukie.
SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Milwaukie 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 | 6.77% - 7.01% |
| 7 Year Fixed | 6.55% - 6.79% |
| 10 Year Fixed | 6.59% - 6.83% |
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 | 5.95% - 6.05% |
| 7 Year Fixed | 5.96% - 6.06% |
| 10 Year Fixed | 5.89% - 6.29% |
All major multifamily lender types are lending in Milwaukie.
The city of Milwaukie in Clackamas County has a population of 20,990. The median rent in Clackamas County for a 2 bedroom is $1,620. The median Milwaukie resident is 40 years old with a yearly income of $34,119. The average family has 2.84 members and a median household income of $61,902. Milwaukie has a 36% higher education rate. The unemployment rate in Milwaukie is 4.1%.
41.2% of Milwaukie households are renters.
33.1% median household income spent on rent.
Bedrooms |
Clackamas County 1 |
Oregon 2 |
National 2 |
|---|---|---|---|
| Studio | $1,313 | $786 | $737 |
| 1 bedroom | $1,404 | $891 | $813 |
| 2 bedroom | $1,620 | $1,112 | $1,015 |
| 3 bedroom | $2,312 | $1,569 | $1,325 |
| 4 bedroom | $2,802 | $1,853 | $1,521 |
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