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Multifamily Loans in Mississippi

Overview

Of the 2,976,149 Mississippi residents, 203,310 (or 6.83%) live in 5+ unit apartment properties. Mississippi has approximately 115,554 multifamily units. Last year, 472 new apartment units were constructed in Mississippi, representing a 0.41% growth in units. Multifamily units make up 9.83% of the total housing stock in Mississippi.

Interest rates for multifamily loans in Mississippi are very competitive. Mississippi apartments are eligible for non-recourse multifamily loans with long term fixed rates and other favorable terms. SoftQuotes' lenders are actively lending on 5+ unit multifamily properties in Mississippi.

Get multifamily loan quotes for Sep 28, 2021


Multifamily Loan Rates in Mississippi

SoftQuotes' lender rates for 5+ unit multifamily loans in Mississippi are:

Loan Amount
$1M to $6M
5 Year Fixed 3.04% - 3.92%
7 Year Fixed 3.28% - 3.86%
10 Year Fixed 3.53% - 4.02%
Loan Amount
$6M to $100M
5 Year Fixed 2.54% - 2.94%
7 Year Fixed 2.83% - 3.43%
10 Year Fixed 2.95% - 3.50%
Additional rate discounts for affordability and energy efficiency. Longer term fixed rates available. This is not an offer or commitment to lend. Rates updated on 09/27/2021.

Get multifamily loan quotes for Sep 28, 2021


Mississippi Rents

The state of Mississippi prohibits rent control.

Bedrooms
Low1
High2
Average2
Studio $451 $807 $573
1 bedroom $519 $856 $612
2 bedroom $684 $1,037 $754
3 bedroom $851 $1,311 $975
4 bedroom $928 $1,507 $1,111
1 County median 2 Average of counties