U.S. Department of Commerce

Survey of Market Absorption of Apartments (SOMA)



Annual 2001 Absorptions

    Table 7. Absorption Rates for Furnished Apartments Completed by Rent and 
                   Number of Bedrooms, for the United States: 2000
    
    (Privately financed, nonsubsidized, furnished, rental apartments in
    buildings with 5 units or more.  Data regarding number of bedrooms and
    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            Percent absorbed in:
                               of             3        6        9       12
      Item            Total    Total        months   months   months   months
    
       Units           2,900        100        91       97       99      100
    
    RENT CLASS
    
    Less than $550       400         13        95      100      100      100
    $550 to $649         700         23        99       99       99      100
    $650 to $749         (Z)          1       100      100      100      100
    $750 to $849         (Z)          1       100      100      100      100
    $850 to $949         100          5        97      100      100      100
    $950 or more       1,600         56        86       95       99      100
    Median asking rent $950+         (X)       (X)      (X)      (X)      (X)
    
    BEDROOMS
    
    No bedroom           300         11        85       95       98      100
    1 bedroom            900         31        99      100      100      100
    2 bedrooms           400         14        91       96       98      100
    3 bedrooms or more 1,300         44        87       96      100      100
    
    
    X Not applicable.
    Z Fewer than 50 units.

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