284,708 (or 7.20%) of the 3,956,971 population of Oklahoma live in 5+ unit apartment properties. Oklahoma has approximately 184,256 multifamily units. Last year, 1,142 new apartment units were constructed in Oklahoma, representing a 0.62% growth in units. Multifamily units make up 11.68% of the total housing stock in Oklahoma.
Interest rates for multifamily loans in Oklahoma are very competitive. Oklahoma 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 Oklahoma.
SoftQuotes' lender rates for 5+ unit multifamily loans in Oklahoma are:
Loan Amount |
$1M to $6M |
|---|---|
| 5 Year Fixed | 6.72% - 7.57% |
| 7 Year Fixed | 6.68% - 7.18% |
| 10 Year Fixed | 6.64% - 7.12% |
Loan Amount |
$6M to $100M |
|---|---|
| 5 Year Fixed | 5.95% - 6.50% |
| 7 Year Fixed | 5.96% - 6.51% |
| 10 Year Fixed | 5.89% - 6.44% |
The state of Oklahoma prohibits rent control.
Bedrooms |
Low1 |
High2 |
Average2 |
|---|---|---|---|
| Studio | $480 | $750 | $589 |
| 1 bedroom | $552 | $785 | $623 |
| 2 bedroom | $728 | $977 | $790 |
| 3 bedroom | $905 | $1,317 | $1,041 |
| 4 bedroom | $987 | $1,583 | $1,191 |