U.S. Department of Commerce

Survey of Market Absorption of Apartments (SOMA)



Annual 2006 Absorptions:

Table 2. Absorption Rates for Unfurnished Apartments Completed by Rent
for the United States and Regions: 2005

(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         113,000      100          64          84          92          96

Less than $750          29,700       26          72          88          95          98
$750 to $849            13,900       12          61          86          92          97
$850 to $949            14,000       12          58          80          89          96
$950 to $1,049          10,400        9          63          86          93          97
$1,050 to $1,149         8,200        7          58          79          88          95
$1,150 or more          36,800       33          61          81          90          95
Median asking rent        $942       (X)         (X)         (X)         (X)         (X)

   Northeast             4,700      100          75          83          87          88
Less than $750             (Z)      (X)          (Z)         (Z)        (Z)         (Z)                  
$750 to $849               (X)       -           (X)         (X)        (X)         (X)            
$850 to $949               (Z)      (Z)          (Z)         (Z)        (Z)         (Z)            
$950 to $1,049             100        1          80         100         100         100
$1,050 to $1,149           200        4          86          87          93         100
$1,150 or more           4,500       94          74          95          97          99
Median asking rent      $1,150+      (X)         (X)         (X)         (X)         (X)

   Midwest              20,500      100          64          86          93          92
Less than $750          13,100       64          72          90          96         100
$750 to $849             2,700       13          55          83          91         100
$850 to $949             2,000       10          46          77          84         100
$950 to $1,049             600        3          43          86          96          28
$1,050 to $1,149           600        3          66          85          91         100
$1,150 or more           1,600        8          50          67          77          97
Median asking rent        $750-      (X)         (X)         (X)         (X)         (X)

   South                57,800      100          62          82          91          96
Less than $750          14,200       25          73          87          96          99
$750 to $849             7,900       14          63          85          92          96
$850 to $949             8,600       15          61          80          89          96
$950 to $1,049           6,500       11          62          84          93          97
$1,050 to $1,149         4,800        8          58          79          88          95
$1,150 or more          15,800       27          54          76          87          94
Median asking rent        $929       (X)         (X)         (X)         (X)         (X)

   West                 30,000      100          64          84          92          96
Less than $750           2,400        8          72          85          90          92
$750 to $849             3,200       11          61          90          95          98 
$850 to $949             3,500       12          58          81          90          94
$950 to $1,049           3,300       11          69          88          94          97
$1,050 to $1,149         2,600        9          55          77          87          95
$1,150 or more          15,000       50          66          84          92          96
Median asking rent      $1,148       (X)         (X)         (X)         (X)         (X)



X Not applicable.  - Represents zero.
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 2006 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