Pleasant Prairie is located in a good market for 5+ unit multifamily loans. Multifamily loans in Pleasant Prairie are considered lower risk due to market size and stable regional economy. Interest rates for multifamily loans in Pleasant Prairie are competitive. Pleasant Prairie 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 Pleasant Prairie.
SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Pleasant Prairie are:
Fannie Mae® |
$1M to $6M |
|---|---|
| 5 Year Fixed | 6.71% - 7.45% |
| 7 Year Fixed | 6.66% - 7.17% |
| 10 Year Fixed | 6.64% - 7.04% |
Freddie Mac® |
$1M to $7.5M |
|---|---|
| 5 Year Fixed | 6.39% - 6.63% |
| 7 Year Fixed | 6.20% - 6.44% |
| 10 Year Fixed | 6.24% - 6.48% |
Fannie Mae® |
$6M to $100M |
|---|---|
| 5 Year Fixed | 6.51% - 7.25% |
| 7 Year Fixed | 6.46% - 6.97% |
| 10 Year Fixed | 6.44% - 6.84% |
Freddie Mac® |
$7.5M to $100M |
|---|---|
| 5 Year Fixed | 5.59% - 5.69% |
| 7 Year Fixed | 5.64% - 5.74% |
| 10 Year Fixed | 5.62% - 5.72% |
All major multifamily lender types are lending in Pleasant Prairie.
The city of Pleasant Prairie in Kenosha County has a population of 21,034. The median rent in Kenosha County for a 2 bedroom is $1,116. The median Pleasant Prairie resident is 45 years old with a yearly income of $37,587. The average family has 3.07 members and a median household income of $86,687. Pleasant Prairie has a 33% higher education rate. The unemployment rate in Pleasant Prairie is 4.9%.
16.8% of Pleasant Prairie households are renters.
26% median household income spent on rent.
Bedrooms |
Kenosha County 1 |
Wisconsin 2 |
National 2 |
|---|---|---|---|
| Studio | $736 | $595 | $737 |
| 1 bedroom | $847 | $668 | $813 |
| 2 bedroom | $1,116 | $856 | $1,015 |
| 3 bedroom | $1,448 | $1,127 | $1,325 |
| 4 bedroom | $1,641 | $1,256 | $1,521 |
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