203,310 (or 6.83%) of the 2,976,149 population of Mississippi 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.
SoftQuotes' lender rates for 5+ unit multifamily loans in Mississippi are:
Loan Amount |
$1M to $6M |
|---|---|
| 5 Year Fixed | 5.87% - 6.47% |
| 7 Year Fixed | 5.93% - 6.26% |
| 10 Year Fixed | 5.84% - 6.12% |
Loan Amount |
$6M to $100M |
|---|---|
| 5 Year Fixed | 5.75% - 6.25% |
| 7 Year Fixed | 5.72% - 6.22% |
| 10 Year Fixed | 5.64% - 6.14% |
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 |