Pocatello is located in what is considered a very small market for 5+ unit multifamily loans. Multifamily loans in Pocatello are considered greater risk due to market dynamics. Interest rates for multifamily loans in Pocatello are higher than the national average. Pocatello apartments may be eligible for non-recourse multifamily loans up to 75% for purchases and 70% for refinances. SoftQuotes' lenders will lend on 5+ unit multifamily properties in Pocatello.
SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Pocatello 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 $6M |
|---|---|
| 5 Year Fixed | 6.63% - 6.87% |
| 7 Year Fixed | 6.29% - 6.53% |
| 10 Year Fixed | 6.43% - 6.67% |
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® |
$6M to $100M |
|---|---|
| 5 Year Fixed | 5.89% - 5.99% |
| 7 Year Fixed | 5.94% - 6.04% |
| 10 Year Fixed | 5.92% - 6.02% |
Agency lenders along with regional banks and credit unions are most likely to lend on multifamily properties in Pocatello.
The city of Pocatello in Bannock County has a population of 56,637. The median rent in Bannock County for a 2 bedroom is $817. The median Pocatello resident is 33 years old with a yearly income of $22,790. The average family has 3.27 members and a median household income of $46,617. Pocatello has a 30% higher education rate. The unemployment rate in Pocatello is 5.8%.
37.5% of Pocatello households are renters.
29.4% median household income spent on rent.
Bedrooms |
Bannock County 1 |
Idaho 2 |
National 2 |
|---|---|---|---|
| Studio | $539 | $622 | $737 |
| 1 bedroom | $620 | $673 | $813 |
| 2 bedroom | $817 | $863 | $1,015 |
| 3 bedroom | $1,166 | $1,204 | $1,325 |
| 4 bedroom | $1,415 | $1,409 | $1,521 |
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