U.S. Department of Commerce

Survey of Market Absorption of Apartments (SOMA)



Annual 2006 Absorptions:

Table 7. Absorption Rates for Furnished Apartments Completed by Rent and

               Number of Bedrooms, for the United States: 2005



(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              5,300         100         85           91         93         100



RENT CLASS



Less than $650        1,000          20         87           97        100         100 

$650 to $749            500           9        100          100        100         100

$750 to $849            400           7         97           98        100         100

$850 to $949            200           3         94          100        100         100

$950 to $1,049          100           2         96          100        100         100

$1,050 or more        3,200          60         80           86         88          99

Median asking rent   $1,150+         (X)        (X)         (X)        (X)         (X)



BEDROOMS



No bedroom              500          10         79           95        100         100 

1 bedroom               900          16        100          100        100         100

2 bedrooms            1,600          30         86           93         94         100

3 bedrooms or more    2,300          44         81           86         88          99



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