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Survey of Market Absorption of Apartments (SOMA)
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Annual 2003 Absorptions
Table 7. Absorption Rates for Furnished Apartments Completed by Rent and
Number of Bedrooms, for the United States: 2002
(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
3,100 100 48 50 93 99
RENT CLASS
Less than $650 1,100 37 77 83 91 100
$650 to $749 200 5 86 86 100 100
$750 to $849 - - - - - -
$850 to $949 100 4 3 3 100 100
$950 to $1,049 300 10 76 77 78 100
$1,050 or more 1,400 44 17 18 98 98
Median asking rent $987 (X) (X) (X) (X) (X)
BEDROOMS
No bedroom 800 25 78 80 96 97
1 bedroom 200 5 81 92 100 100
2 bedrooms 500 18 40 47 68 100
3 bedrooms or more 1,600 52 33 33 100 100
X Not applicable.
- No activity.
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
