511,016 (or 12.12%) of the 4,217,737 population of Oregon live in 5+ unit apartment properties. Oregon has approximately 300,675 multifamily units. Last year, 6,510 new apartment units were constructed in Oregon, representing a 2.21% growth in units. Multifamily units make up 11.75% of the total housing stock in Oregon.
Interest rates for multifamily loans in Oregon are very competitive. Oregon 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 Oregon.
SoftQuotes' lender rates for 5+ unit multifamily loans in Oregon are:
Loan Amount |
$1M to $6M |
|---|---|
| 5 Year Fixed | 6.77% - 7.52% |
| 7 Year Fixed | 6.55% - 7.03% |
| 10 Year Fixed | 6.59% - 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 Oregon has statewide rent control.
Bedrooms |
Low1 |
High2 |
Average2 |
|---|---|---|---|
| Studio | $484 | $1,313 | $786 |
| 1 bedroom | $578 | $1,404 | $891 |
| 2 bedroom | $734 | $1,620 | $1,112 |
| 3 bedroom | $1,050 | $2,312 | $1,569 |
| 4 bedroom | $1,206 | $2,802 | $1,853 |