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Survey of Market Absorption of Apartments (SOMA)
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Annual 2003 Absorptions
Table 2. Absorption Rates for Unfurnished Apartments Completed by Rent
for the United States and Regions: 2002
(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 204,100 100 59 78 88 93
Less than $650 29,700 15 70 86 93 97
$650 to $749 30,300 15 60 82 93 97
$750 to $849 29,100 14 59 80 91 95
$850 to $949 18,900 9 58 76 86 92
$950 to $1,049 18,700 9 62 78 88 93
$1,050 or more 77,400 38 53 74 84 90
Median asking rent $918 (X) (X) (X) (X) (X)
Northeast 19,400 100 51 84 88 96
Less than $650 500 3 42 65 65 100
$650 to $749 300 2 36 36 36 100
$750 to $849 600 3 73 90 94 97
$850 to $949 500 2 61 93 95 100
$950 to $1,049 2,700 14 15 73 84 91
$1,050 or more 14,900 77 52 87 91 95
Median asking rent $1,050+ (X) (X) (X) (X) (X)
Midwest 34,500 100 69 87 93 96
Less than $650 6,500 19 80 91 95 98
$650 to $749 10,000 29 73 92 98 99
$750 to $849 6,800 20 62 89 97 99
$850 to $949 2,500 7 61 79 91 94
$950 to $1,049 1,800 5 65 76 80 85
$1,050 or more 6,800 20 65 80 86 89
Median asking rent $760 (X) (X) (X) (X) (X)
South 96,200 100 57 77 88 94
Less than $650 17,200 18 65 84 92 95
$650 to $749 15,800 16 52 76 90 95
$750 to $849 17,100 18 57 76 88 94
$850 to $949 9,600 10 58 76 86 93
$950 to $1,049 10,200 11 58 76 88 94
$1,050 or more 26,400 27 54 75 85 92
Median asking rent $838 (X) (X) (X) (X) (X)
West 54,000 100 58 73 85 90
Less than $650 5,500 10 75 89 96 99
$650 to $749 4,200 8 62 81 92 97
$750 to $849 4,700 9 60 77 88 93
$850 to $949 6,300 12 57 73 83 88
$950 to $1,049 4,000 7 54 72 85 92
$1,050 or more 29,300 54 55 69 82 86
Median asking rent $1,050+ (X) (X) (X) (X) (X)
X Not applicable.
Go to Annual 2003 Absorptions
Contact Alan Friedman at 301-763-3199 or mail to alan.friedman@census.gov
for further information on the Survey of Market Absorption of Apartments Data.
Source: U.S. Census Bureau, Housing and Household Economic Statistics Division
Last Revised: November 15, 2004
