Skip Main Navigation Skip To Navigation Content

Survey of Market Absorption of Apartments (SOMA)



Annual 2005 Absorptions:

Table 7. Absorption Rates for Furnished Apartments Completed by Rent and
               Number of Bedrooms, for the United States: 2004

(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              4,400         100         76           88         89          92

RENT CLASS

Less than $550        1,500          33         74           80         82          89
$550 to $649            100           1         39           39         39          39
$650 to $749            (Z)          (Z)        28           28         28          28
$750 to $849            (Z)          (Z)       100          100        100         100
$850 to $949            100           3        100          100        100         100
$950 or more          2,700          62         77           93         94          94
Median asking rent   $1,050+         (X)        (X)         (X)        (X)         (X)

BEDROOMS

No bedroom              200           5         71           91         92          92
1 bedroom               800          17         70           70         71          83
2 bedrooms              600          13         90           94         94          94
3 bedrooms or more    2,900          65         75           91         93          93

X Not applicable.
Z Fewer than 50 units or less than one-half of 1 percent.     

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