1,003,824 (or 9.57%) of the 10,488,084 population of North Carolina live in 5+ unit apartment properties. North Carolina has approximately 624,726 multifamily units. Last year, 19,367 new apartment units were constructed in North Carolina, representing a 3.2% growth in units. Multifamily units make up 20.63% of the total housing stock in North Carolina.
Interest rates for multifamily loans in North Carolina are very competitive. North Carolina 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 North Carolina.
SoftQuotes' lender rates for 5+ unit multifamily loans in North Carolina are:
Loan Amount |
$1M to $6M |
|---|---|
| 5 Year Fixed | 6.37% - 7.07% |
| 7 Year Fixed | 6.68% - 7.11% |
| 10 Year Fixed | 6.69% - 7.07% |
Loan Amount |
$6M to $100M |
|---|---|
| 5 Year Fixed | 5.85% - 6.40% |
| 7 Year Fixed | 5.86% - 6.41% |
| 10 Year Fixed | 5.72% - 6.27% |
The state of North Carolina prohibits rent control.
Bedrooms |
Low1 |
High2 |
Average2 |
|---|---|---|---|
| Studio | $505 | $1,176 | $694 |
| 1 bedroom | $526 | $1,179 | $713 |
| 2 bedroom | $693 | $1,372 | $871 |
| 3 bedroom | $862 | $1,878 | $1,152 |
| 4 bedroom | $960 | $2,374 | $1,386 |