1,079,898 (or 9.24%) of the 11,689,100 population of Ohio live in 5+ unit apartment properties. Ohio has approximately 691,936 multifamily units. Last year, 10,135 new apartment units were constructed in Ohio, representing a 1.49% growth in units. Multifamily units make up 14.14% of the total housing stock in Ohio.
Interest rates for multifamily loans in Ohio are very competitive. Ohio 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 Ohio.
SoftQuotes' lender rates for 5+ unit multifamily loans in Ohio are:
Loan Amount |
$1M to $6M |
|---|---|
| 5 Year Fixed | 5.91% - 6.92% |
| 7 Year Fixed | 5.82% - 7.04% |
| 10 Year Fixed | 5.84% - 7.08% |
Loan Amount |
$6M to $100M |
|---|---|
| 5 Year Fixed | 5.88% - 6.18% |
| 7 Year Fixed | 6.01% - 6.24% |
| 10 Year Fixed | 5.94% - 6.24% |
The state of Ohio has no rent control or preemptions.
Bedrooms |
Low1 |
High2 |
Average2 |
|---|---|---|---|
| Studio | $484 | $803 | $597 |
| 1 bedroom | $557 | $886 | $662 |
| 2 bedroom | $734 | $1,154 | $834 |
| 3 bedroom | $913 | $1,435 | $1,084 |
| 4 bedroom | $995 | $1,657 | $1,205 |