Salmon Creek is located in a strong market for 5+ unit multifamily loans. Multifamily loans in Salmon Creek are considered low risk due to market size and favorable regional economy. Interest rates for multifamily loans in Salmon Creek are some of the lowest nationally. Salmon Creek 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 Salmon Creek.
SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Salmon Creek 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 | 6.77% - 7.01% |
| 7 Year Fixed | 6.55% - 6.79% |
| 10 Year Fixed | 6.59% - 6.83% |
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 | 5.95% - 6.05% |
| 7 Year Fixed | 5.96% - 6.06% |
| 10 Year Fixed | 5.89% - 6.29% |
All major multifamily lender types are lending in Salmon Creek.
The city of Salmon Creek in Clark County has a population of 20,956. The median rent in Clark County for a 2 bedroom is $1,620. The median Salmon Creek resident is 43 years old with a yearly income of $38,861. The average family has 3.05 members and a median household income of $79,593. Salmon Creek has a 37% higher education rate. The unemployment rate in Salmon Creek is 5.5%.
27.3% of Salmon Creek households are renters.
39.6% median household income spent on rent.
Bedrooms |
Clark County 1 |
Washington 2 |
National 2 |
|---|---|---|---|
| Studio | $1,313 | $801 | $737 |
| 1 bedroom | $1,404 | $904 | $813 |
| 2 bedroom | $1,620 | $1,138 | $1,015 |
| 3 bedroom | $2,312 | $1,591 | $1,325 |
| 4 bedroom | $2,802 | $1,874 | $1,521 |
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