Twin Falls is located in what is considered a very small market for 5+ unit multifamily loans. Multifamily loans in Twin Falls are considered greater risk due to market dynamics. Interest rates for multifamily loans in Twin Falls are higher than the national average. Twin Falls apartments may be eligible for non-recourse multifamily loans up to 75% for purchases and 70% for refinances. SoftQuotes' lenders will lend on 5+ unit multifamily properties in Twin Falls.
SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Twin Falls 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 $6M |
|---|---|
| 5 Year Fixed | 7.28% - 7.52% |
| 7 Year Fixed | 6.79% - 7.03% |
| 10 Year Fixed | 6.88% - 7.12% |
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® |
$6M to $100M |
|---|---|
| 5 Year Fixed | 6.40% - 6.50% |
| 7 Year Fixed | 6.41% - 6.51% |
| 10 Year Fixed | 6.34% - 6.44% |
Agency lenders along with regional banks and credit unions are most likely to lend on multifamily properties in Twin Falls.
The city of Twin Falls in Twin Falls County has a population of 50,197. The median rent in Twin Falls County for a 2 bedroom is $900. The median Twin Falls resident is 33 years old with a yearly income of $25,812. The average family has 3.19 members and a median household income of $50,739. Twin Falls has a 21% higher education rate. The unemployment rate in Twin Falls is 3.0%.
37.1% of Twin Falls households are renters.
28.8% median household income spent on rent.
Bedrooms |
Twin Falls County 1 |
Idaho 2 |
National 2 |
|---|---|---|---|
| Studio | $594 | $622 | $737 |
| 1 bedroom | $683 | $673 | $813 |
| 2 bedroom | $900 | $863 | $1,015 |
| 3 bedroom | $1,270 | $1,204 | $1,325 |
| 4 bedroom | $1,485 | $1,409 | $1,521 |
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