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Survey of Market Absorption of Apartments (SOMA)
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Annual 2003 Absorptions
Table 3. Absorption Rates for Unfurnished Apartments Completed by Number
of Bedrooms and Rent for the United States: 2002
(Privately financed, nonsubsidized, unfurnished, rental apartments in
buildings with five 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
Total 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 $1049 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)
No bedrooms 5,600 100 61 81 87 93
Less than $650 1,600 28 69 89 94 97
$650 to $749 400 8 81 92 96 100
$750 to $849 500 8 45 74 87 95
$850 to $949 400 7 71 82 86 96
$950 to $1049 300 4 56 76 88 98
$1,050 or more 2,500 46 55 75 81 88
Median asking rent $938 (X) (X) (X) (X) (X)
1 bedroom 70,900 100 60 78 88 93
Less than $650 14,200 20 72 87 95 98
$650 to $749 11,400 16 61 81 89 95
$750 to $849 11,000 15 64 81 90 95
$850 to $949 6,500 9 60 78 87 92
$950 to $1049 5,700 8 55 74 87 91
$1,050 or more 22,200 31 51 70 84 89
Median asking rent $839 (X) (X) (X) (X) (X)
2 bedrooms 102,000 100 56 77 87 93
Less than $650 11,000 8 63 82 89 94
$650 to $749 16,700 16 57 82 94 98
$750 to $849 14,400 14 54 79 91 95
$850 to $949 10,000 10 56 75 84 91
$950 to $1049 11,400 11 65 79 87 93
$1,050 to $1,149 6,500 6 54 74 85 91
$1,150 or more 32,000 31 51 74 83 90
Median asking rent $939 (X) (X) (X) (X) (X)
3 bedrooms or more 25,600 100 65 81 91 94
Less than $650 2,900 11 85 94 99 100
$650 to $749 1,800 7 74 89 99 100
$750 to $849 3,300 13 62 80 91 94
$850 to $949 2,100 8 58 75 88 94
$950 to $1049 1,400 5 70 88 97 99
$1,050 to $1,149 1,700 7 67 81 89 93
$1,150 or more 12,500 49 60 78 88 92
Median asking rent 1,132 (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
