U.S. Department of Commerce

Survey of Market Absorption of Apartments (SOMA)



Annual 2005 Absorptions:

Table 2. Absorption Rates for Unfurnished Apartments Completed by Rent
for the United States and Regions: 2004

(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         153,800      100          62          81          90          94

Less than $650          18,400       12          71          89          95          97
$650 to $749            19,000       12          60          83          91          94
$750 to $849            17,800       12          65          83          92          96
$850 to $949            17,900       12          52          76          85          91
$950 to $1,049          14,200        9          61          81          91          96
$1,050 or more          66,400       43          63          79          88          93
Median asking rent        $976       (X)         (X)         (X)         (X)         (X)

   Northeast            13,100      100          75          83          87          88
Less than $650             100        1          89         100         100         100
$650 to $749               200        1          93          97         100         100
$750 to $849               200        1         100         100         100         100
$850 to $949               500        4          21          26          26          28
$950 to $1,049             400        3          89          91         100         100
$1,050 or more          11,800       89          76          84          89          90
Median asking rent      $1,050+      (X)         (X)         (X)         (X)         (X)

   Midwest              31,700      100          59          79          87          92
Less than $650           8,100       26          71          88          95          97
$650 to $749             5,500       17          47          73          81          85
$750 to $849             5,300       17          67          80          87          93
$850 to $949             4,300       14          42          71          78          86
$950 to $1,049           1,800        6          68          86          95          98
$1,050 or more           6,600       21          57          75          87          92
Median asking rent        $790       (X)         (X)         (X)         (X)         (X)

   South                72,700      100          60          81          90          95
Less than $650           7,900       11          68          89          96          98
$650 to $749            11,700       16          64          87          94          98
$750 to $849             9,000       12          63          84          93          97
$850 to $949             9,800       14          53          78          88          94
$950 to $1,049           8,400       12          55          78          90          96
$1,050 or more          25,800       36          57          77          87          93
Median asking rent        $928       (X)         (X)         (X)         (X)         (X)

   West                 36,300      100          65          83          91          95
Less than $650           2,200        6          79          90          94          95
$650 to $749             1,600        4          70          88          97         100 
$750 to $849             3,400        9          67          87          96          99
$850 to $949             3,300        9          68          84          94          98
$950 to $1,049           3,600       10          66          84          92          96
$1,050 or more          22,200       61          63          81          89          94
Median asking rent      $1,050+      (X)         (X)         (X)         (X)         (X)

X Not applicable. 

SOURCE:  U.S. Census Bureau, Survey of Market Absorption

Go to Annual 2005 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