Upper Macungie is located in a what is considered a small market for 5+ unit multifamily loans. Multifamily loans in Upper Macungie are considered moderate risk due to market dynamics. Interest rates for multifamily loans in Upper Macungie are slightly higher than the national average. Upper Macungie apartments may be eligible for non-recourse multifamily loans up to 75% for purchases and 70% for refinances. SoftQuotes' lenders will lend lend on 5+ unit multifamily properties in Upper Macungie.
SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Upper Macungie 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 | 6.89% - 7.13% |
| 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 | 6.25% - 6.35% |
| 7 Year Fixed | 6.26% - 6.36% |
| 10 Year Fixed | 6.19% - 6.39% |
Agency lenders along with regional banks and credit unions are most likely to lend on multifamily properties in Upper Macungie.
The city of Upper Macungie in Lehigh County has a population of 24,138. The median rent in Lehigh County for a 2 bedroom is $1,230. The median Upper Macungie resident is 41 years old with a yearly income of $45,888. The average family has 3.04 members and a median household income of $100,170. Upper Macungie has a 50% higher education rate. The unemployment rate in Upper Macungie is 3.8%.
27.3% of Upper Macungie households are renters.
31.9% median household income spent on rent.
Bedrooms |
Lehigh County 1 |
Pennsylvania 2 |
National 2 |
|---|---|---|---|
| Studio | $851 | $680 | $737 |
| 1 bedroom | $962 | $747 | $813 |
| 2 bedroom | $1,230 | $929 | $1,015 |
| 3 bedroom | $1,591 | $1,198 | $1,325 |
| 4 bedroom | $1,668 | $1,330 | $1,521 |
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