San Marcos is located in a good market for 5+ unit multifamily loans. Multifamily loans in San Marcos are considered lower risk due to market size and stable regional economy. Interest rates for multifamily loans in San Marcos are competitive. San Marcos 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 San Marcos.
SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in San Marcos 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 | 6.73% - 6.97% |
| 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 San Marcos.
The city of San Marcos in Hays County has a population of 64,776. The median rent in Hays County for a 2 bedroom is $1,549. The median San Marcos resident is 24 years old with a yearly income of $19,726. The average family has 3.05 members and a median household income of $40,370. San Marcos has a 33% higher education rate. The unemployment rate in San Marcos is 7.5%.
70.3% of San Marcos households are renters.
40.7% median household income spent on rent.
Bedrooms |
Hays County 1 |
Texas 2 |
National 2 |
|---|---|---|---|
| Studio | $1,144 | $669 | $737 |
| 1 bedroom | $1,309 | $738 | $813 |
| 2 bedroom | $1,549 | $912 | $1,015 |
| 3 bedroom | $1,997 | $1,210 | $1,325 |
| 4 bedroom | $2,384 | $1,407 | $1,521 |
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