Missoula is located in what is considered a very small market for 5+ unit multifamily loans. Multifamily loans in Missoula are considered greater risk due to market dynamics. Interest rates for multifamily loans in Missoula are higher than the national average. Missoula apartments may be eligible for non-recourse multifamily loans up to 75% for purchases and 70% for refinances. SoftQuotes' lenders will lend on 5+ unit multifamily properties in Missoula.
SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Missoula 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 $6M |
|---|---|
| 5 Year Fixed | 7.33% - 7.57% |
| 7 Year Fixed | 6.94% - 7.18% |
| 10 Year Fixed | 6.88% - 7.12% |
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® |
$6M to $100M |
|---|---|
| 5 Year Fixed | 6.40% - 6.50% |
| 7 Year Fixed | 6.41% - 6.51% |
| 10 Year Fixed | 6.34% - 6.44% |
Agency lenders along with regional banks and credit unions are most likely to lend on multifamily properties in Missoula.
The city of Missoula in Missoula County has a population of 75,516. The median rent in Missoula County for a 2 bedroom is $1,032. The median Missoula resident is 33 years old with a yearly income of $24,777. The average family has 2.91 members and a median household income of $47,426. Missoula has a 48% higher education rate. The unemployment rate in Missoula is 4.9%.
52.6% of Missoula households are renters.
31.6% median household income spent on rent.
Bedrooms |
Missoula County 1 |
Montana 2 |
National 2 |
|---|---|---|---|
| Studio | $722 | $620 | $737 |
| 1 bedroom | $814 | $690 | $813 |
| 2 bedroom | $1,032 | $877 | $1,015 |
| 3 bedroom | $1,477 | $1,169 | $1,325 |
| 4 bedroom | $1,787 | $1,370 | $1,521 |
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