U.S. Department of Commerce

Survey of Market Absorption of Apartments (SOMA)



Annual 2001 Absorptions

    Table 2. Absorption Rates for Unfurnished Apartments Completed by Rent
             for the United States and Regions: 2000
    
    (Privately financed, nonsubsidized, unfurnished, rental apartments in 
    buildings with five units or more .  Data regarding asking rent are 
    collected at the initial interview, i.e., 3 months following completion.  
    Details may not sum to totals because of rounding.  Medians and percents
    are computed using unrounded data)
    
    
                                                 Percent absorbed in:
                               Percent         3        6        9       12
                        Total  of total     months   months   months   months
    
        United States  226,200      100          72       87       94       97
    
    Less than $550      19,700        9          74       86       95       99
    $550 to $649        25,900       12          78       90       97       99
    $650 to $749        36,200       16          68       86       95       98
    $750 to $849        34,100       15          72       88       95       98
    $850 to $949        26,500       12          68       85       92       97
    $950 or more        83,700       37          72       87       93       96
    Median asking rent    $841      (X)          (X)      (X)      (X)      (X)
    
       Northeast        14,800      100          85       91       93       95
    Less than $550       1,400       10          91      100      100      100
    $550 to $649           500        3          97      100      100      100
    $650 to $749           200        1          13       25       41       47
    $750 to $849         1,200        8         100      100      100      100
    $850 to $949         2,500       17          90       92       92       96
    $950 or more         9,000       61          81       89       92       94
    Median asking rent   $950+      (X)          (X)      (X)      (X)      (X)
    
       Midwest          39,500      100          76       87       93       97
    Less than $550       6,200       16          80       91       95       99
    $550 to $649         9,600       24          87       95       98       99
    $650 to $749         6,300       16          68       82       91       96
    $750 to $849         6,700       17          76       88       94       97
    $850 to $949         3,200        8          61       79       86       95
    $950 or more         7,600       19          70       81       88       92
    Median asking rent    $713      (X)          (X)      (X)      (X)      (X)
    
       South           125,900      100          67       85       94       97
    Less than $550      10,100        8          66       78       94       98
    $550 to $649        13,100       10          73       88       95       98
    $650 to $749        22,900       18          67       86       95       98
    $750 to $849        21,000       17          67       86       94       97
    $850 to $949        15,700       12          66       84       93       97
    $950 or more        43,100       34          66       86       93       97
    Median asking rent    $830      (X)          (X)      (X)      (X)      (X)
    
       West             45,900      100          77       91       96       98
    Less than $550       2,000        4          88       98      100      100
    $550 to $649         2,700        6          67       85      100      100
    $650 to $749         6,900       15          74       92       98       99
    $750 to $849         5,200       11          76       92       97       99
    $850 to $949         5,100       11          69       86       93       97
    $950 or more        23,900       52          79       91       95       98
    Median asking rent   $950+      (X)          (X)      (X)      (X)      (X)
    
    X Not applicable.  
    


Go to Annual 2001 Absorptions
Contact George Boyd at 301-763-3199 or mail to george.t.boyd@census.gov for further information on the Survey of Market Absorption of Apartments Data.

Source: U.S. Census Bureau, Social, Economic, and Housing Statistics Division
Last Revised: September 30, 2011