North Richland Hills is located in a good market for 5+ unit multifamily loans. Multifamily loans in North Richland Hills are considered lower risk due to market size and stable regional economy. Interest rates for multifamily loans in North Richland Hills are competitive. North Richland Hills 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 North Richland Hills.
SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in North Richland Hills 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 | 7.04% - 7.28% |
| 7 Year Fixed | 6.73% - 6.97% |
| 10 Year Fixed | 6.69% - 6.93% |
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 | 6.10% - 6.20% |
| 7 Year Fixed | 6.11% - 6.21% |
| 10 Year Fixed | 6.04% - 6.34% |
All major multifamily lender types are lending in North Richland Hills.
The city of North Richland Hills in Tarrant County has a population of 70,670. The median rent in Tarrant County for a 2 bedroom is $1,333. The median North Richland Hills resident is 39 years old with a yearly income of $35,358. The average family has 3.14 members and a median household income of $71,076. North Richland Hills has a 34% higher education rate. The unemployment rate in North Richland Hills is 4.8%.
37.8% of North Richland Hills households are renters.
30.5% median household income spent on rent.
Bedrooms |
Tarrant County 1 |
Texas 2 |
National 2 |
|---|---|---|---|
| Studio | $967 | $669 | $737 |
| 1 bedroom | $1,096 | $738 | $813 |
| 2 bedroom | $1,333 | $912 | $1,015 |
| 3 bedroom | $1,783 | $1,210 | $1,325 |
| 4 bedroom | $2,229 | $1,407 | $1,521 |
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