Shawnee is located in a good market for 5+ unit multifamily loans. Multifamily loans in Shawnee are considered lower risk due to market size and stable regional economy. Interest rates for multifamily loans in Shawnee are competitive. Shawnee 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 Shawnee.
SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Shawnee 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 $7.5M |
|---|---|
| 5 Year Fixed | 6.39% - 6.63% |
| 7 Year Fixed | 6.20% - 6.44% |
| 10 Year Fixed | 6.24% - 6.48% |
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® |
$7.5M to $100M |
|---|---|
| 5 Year Fixed | 5.59% - 5.69% |
| 7 Year Fixed | 5.64% - 5.74% |
| 10 Year Fixed | 5.62% - 5.72% |
All major multifamily lender types are lending in Shawnee.
The city of Shawnee in Johnson County has a population of 65,807. The median rent in Johnson County for a 2 bedroom is $1,095. The median Shawnee resident is 38 years old with a yearly income of $39,355. The average family has 3.18 members and a median household income of $87,120. Shawnee has a 48% higher education rate. The unemployment rate in Shawnee is 2.9%.
27% of Shawnee households are renters.
30.8% median household income spent on rent.
Bedrooms |
Johnson County 1 |
Kansas 2 |
National 2 |
|---|---|---|---|
| Studio | $784 | $581 | $737 |
| 1 bedroom | $919 | $612 | $813 |
| 2 bedroom | $1,095 | $781 | $1,015 |
| 3 bedroom | $1,463 | $1,027 | $1,325 |
| 4 bedroom | $1,665 | $1,166 | $1,521 |
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