Reynoldsburg is located in a good market for 5+ unit multifamily loans. Multifamily loans in Reynoldsburg are considered lower risk due to market size and stable regional economy. Interest rates for multifamily loans in Reynoldsburg are competitive. Reynoldsburg 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 Reynoldsburg.
SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Reynoldsburg 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 Reynoldsburg.
The city of Reynoldsburg in Franklin County has a population of 38,327. The median rent in Franklin County for a 2 bedroom is $1,105. The median Reynoldsburg resident is 37 years old with a yearly income of $34,043. The average family has 3.23 members and a median household income of $67,120. Reynoldsburg has a 31% higher education rate. The unemployment rate in Reynoldsburg is 4.6%.
37.3% of Reynoldsburg households are renters.
28.7% median household income spent on rent.
Bedrooms |
Franklin County 1 |
Ohio 2 |
National 2 |
|---|---|---|---|
| Studio | $768 | $597 | $737 |
| 1 bedroom | $886 | $662 | $813 |
| 2 bedroom | $1,105 | $834 | $1,015 |
| 3 bedroom | $1,391 | $1,084 | $1,325 |
| 4 bedroom | $1,574 | $1,205 | $1,521 |
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