West Windsor is located in a what is considered a small market for 5+ unit multifamily loans. Multifamily loans in West Windsor are considered moderate risk due to market dynamics. Interest rates for multifamily loans in West Windsor are slightly higher than the national average. West Windsor 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 West Windsor.
SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in West Windsor are:
Fannie Mae® |
$1M to $6M |
|---|---|
| 5 Year Fixed | 6.56% - 7.30% |
| 7 Year Fixed | 6.46% - 6.97% |
| 10 Year Fixed | 6.40% - 6.80% |
Freddie Mac® |
$1M to $6M |
|---|---|
| 5 Year Fixed | 5.63% - 5.87% |
| 7 Year Fixed | 5.34% - 5.58% |
| 10 Year Fixed | 5.28% - 5.52% |
Fannie Mae® |
$6M to $100M |
|---|---|
| 5 Year Fixed | 6.36% - 7.10% |
| 7 Year Fixed | 6.26% - 6.77% |
| 10 Year Fixed | 6.20% - 6.60% |
Freddie Mac® |
$6M to $100M |
|---|---|
| 5 Year Fixed | 5.65% - 5.80% |
| 7 Year Fixed | 5.66% - 5.81% |
| 10 Year Fixed | 5.66% - 5.81% |
Agency lenders along with regional banks and credit unions are most likely to lend on multifamily properties in West Windsor.
The city of West Windsor in Mercer County has a population of 27,937. The median rent in Mercer County for a 2 bedroom is $1,683. The median West Windsor resident is 41 years old with a yearly income of $77,309. The average family has 3.11 members and a median household income of $169,312. West Windsor has a 83% higher education rate. The unemployment rate in West Windsor is 5.1%.
29.7% of West Windsor households are renters.
27.1% median household income spent on rent.
Bedrooms |
Mercer County 1 |
New Jersey 2 |
National 2 |
|---|---|---|---|
| Studio | $1,110 | $1,166 | $737 |
| 1 bedroom | $1,280 | $1,353 | $813 |
| 2 bedroom | $1,683 | $1,671 | $1,015 |
| 3 bedroom | $2,093 | $2,131 | $1,325 |
| 4 bedroom | $2,304 | $2,445 | $1,521 |
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