Olathe is located in a good market for 5+ unit multifamily loans. Multifamily loans in Olathe are considered lower risk due to market size and stable regional economy. Interest rates for multifamily loans in Olathe are competitive. Olathe 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 Olathe.
SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Olathe 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 | 6.70% - 6.94% |
| 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 Olathe.
The city of Olathe in Johnson County has a population of 140,545. The median rent in Johnson County for a 2 bedroom is $1,095. The median Olathe resident is 35 years old with a yearly income of $41,278. The average family has 3.28 members and a median household income of $90,435. Olathe has a 50% higher education rate. The unemployment rate in Olathe is 2.8%.
27.7% of Olathe households are renters.
27.3% median household income spent on rent.
Bedrooms |
Johnson County 1 |
Kansas 2 |
National 2 |
|---|---|---|---|
| Studio | $784 | $581 | $737 |
| 1 bedroom | $919 | $612 | $813 |
| 2 bedroom | $1,095 | $781 | $1,015 |
| 3 bedroom | $1,463 | $1,027 | $1,325 |
| 4 bedroom | $1,665 | $1,166 | $1,521 |
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