U.S. Department of Commerce

Survey of Market Absorption of Apartments (SOMA)



Annual 2006 Absorptions:

		Table 3. Absorption Rates for Unfurnished Apartments Completed by Number

              of Bedrooms and Rent for the United States: 2005



(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              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)



   No bedrooms           3,100           100          65          86          94          96

Less than $750           1,200            40          66          87          93          94

$750 to $849               200             6          67          92          97         100

$850 to $949               300             9          64          85          95         100

$950 to $1,049             400            13          47          82          93         100

$1,050 to $1,149           200             5          63          75          90          96

$1,150 or more             800            27          72          85          94          96

Median asking rent        $889            (X)         (X)         (X)         (X)         (X)



   1 bedroom            37,400           100          66          84          93          97

Less than $750          11,500            31          70          87          95          98

$750 to $849             6,500            17          64          86          93          97

$850 to $949             4,800            13          64          79          88          94

$950 to $1,049           2,000             5          67          85          94          98

$1,050 to $1,149         2,200             6          57          78          87          96

$1,150 or more          10,400            28          64          83          92          97

Median asking rent        $864            (X)         (X)         (X)         (X)         (X)



   2 bedrooms           57,100           100          62          83          91          96

Less than $750          14,500            25          73          89          95          97

$750 to $849             6,100            11          58          84          91          95

$850 to $949             7,600            13          56          81          89          96

$950 to $1,049           6,500            11          62          85          92          96

$1,050 to $1,149         4,500             8          58          79          88          94

$1,150 to $1,249         2,900             5          68          83          93          97

$1,250 or more          14,900            26          57          78          87          94

Median asking rent        $954            (X)         (X)         (X)         (X)         (X)





3 bedrooms or more      15,400           100          64          85          93          97

Less than $750           2,400            16          81          90          99         100

$750 to $849             1,100             7          63          93          96          99

$850 to $949             1,400             9          51          76          85          97

$950 to $1,049           1,500            10          65          89          97          98

$1,050 to $1,149         1,300             8          60          83          92          96

$1,150 to $1,249         1,400             9          65          86          97          99

$1,250 or more           6,300            41          61          83          90          94

Median asking rent      $1,152            (X)         (X)         (X)         (X)         (X)



X Not applicable.



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