St. Charles is located in a good market for 5+ unit multifamily loans. Multifamily loans in St. Charles are considered lower risk due to market size and stable regional economy. Interest rates for multifamily loans in St. Charles are competitive. St. Charles 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 St. Charles.
SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in St. Charles 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 St. Charles.
The city of St. Charles in St. Charles County has a population of 71,028. The median rent in St. Charles County for a 2 bedroom is $1,005. The median St. Charles resident is 37 years old with a yearly income of $34,157. The average family has 2.9 members and a median household income of $68,486. St. Charles has a 37% higher education rate. The unemployment rate in St. Charles is 2.2%.
35.3% of St. Charles households are renters.
27.1% median household income spent on rent.
Bedrooms |
St. Charles County 1 |
Missouri 2 |
National 2 |
|---|---|---|---|
| Studio | $719 | $535 | $737 |
| 1 bedroom | $783 | $594 | $813 |
| 2 bedroom | $1,005 | $761 | $1,015 |
| 3 bedroom | $1,311 | $1,010 | $1,325 |
| 4 bedroom | $1,543 | $1,155 | $1,521 |
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