Post Falls is located in what is considered a very small market for 5+ unit multifamily loans. Multifamily loans in Post Falls are considered greater risk due to market dynamics. Interest rates for multifamily loans in Post Falls are higher than the national average. Post Falls 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 Post Falls.
SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Post Falls 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 $6M |
|---|---|
| 5 Year Fixed | 7.28% - 7.52% |
| 7 Year Fixed | 6.79% - 7.03% |
| 10 Year Fixed | 6.88% - 7.12% |
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® |
$6M to $100M |
|---|---|
| 5 Year Fixed | 6.40% - 6.50% |
| 7 Year Fixed | 6.41% - 6.51% |
| 10 Year Fixed | 6.34% - 6.44% |
Agency lenders along with regional banks and credit unions are most likely to lend on multifamily properties in Post Falls.
The city of Post Falls in Kootenai County has a population of 36,250. The median rent in Kootenai County for a 2 bedroom is $1,009. The median Post Falls resident is 34 years old with a yearly income of $27,892. The average family has 3.12 members and a median household income of $54,021. Post Falls has a 20% higher education rate. The unemployment rate in Post Falls is 2.9%.
27.6% of Post Falls households are renters.
30.5% median household income spent on rent.
Bedrooms |
Kootenai County 1 |
Idaho 2 |
National 2 |
|---|---|---|---|
| Studio | $724 | $622 | $737 |
| 1 bedroom | $805 | $673 | $813 |
| 2 bedroom | $1,009 | $863 | $1,015 |
| 3 bedroom | $1,444 | $1,204 | $1,325 |
| 4 bedroom | $1,747 | $1,409 | $1,521 |
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