U.S. Department of Commerce

Survey of Market Absorption of Apartments (SOMA)



Survey of Market Absorption
Characteristics 2001: Table 3

          Table 3. Unfurnished Apartments Completed and 3-Month Absorption 
           Rate by Rent and Number of Bedrooms for the United States and
           Inside or Outside Metropolitan Areas: 2001

          (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)
          
                                  Number of unfurnished apartments
          
                                            Inside MA            Outside
                                                                   MA
                                             In        Not in
                             United     central   central city
          Characteristic     States        city     (suburbs)
          
             Total           192,400     79,900       100,200     12,300
          
          Less than $550      15,000      6,500         6,600      1,900
          $550 to $649        20,600      8,700         8,900      3,000
          $650 to $749        25,100      9,400        13,000      2,700
          $750 to $849        28,100     11,200        16,400        500
          $850 to $949        26,400      9,300        16,500        700
          $950 or more        77,100     34,800        38,800      3,500
          Median asking rent    $877       $894          $881       $696
          
          No bedroom           3,800      2,900           800          -
          Less than $750       1,600      1,100           400          -
          $750 or more         2,200      1,800           400          -
          Median asking rent   $950+      $950+          $724        (X)
          
          1 bedroom           63,800     31,700        31,500        600
          Less than $550       8,400      3,500         4,800        100
          $550 to $649         6,800      4,400         1,900        500
          $650 to $749        11,400      4,900         6,600        (Z)
          $750 to $849        11,100      4,200         6,900          -
          $850 to $949         6,900      3,700         3,200          -
          $950 or more        19,100     11,000         8,100          -
          Median asking rent    $797       $823          $785       $596
          
          2 bedrooms          97,200     35,000        55,000      7,300
          Less than $550       4,300      1,700         1,300      1,300
          $550 to $649        11,200      3,700         5,700      1,900
          $650 to $749        10,800      3,600         4,800      2,400
          $750 to $849        14,300      5,700         8,100        500
          $850 to $949        17,000      4,100        12,500        400
          $950 to $1,049      10,800      2,600         8,300          -
          $1,050 or more      28,800     13,700        14,400        700
          Median asking rent    $897       $920          $911       $667
          
          3 bedrooms or more  27,600     10,400        12,800      4,400
          Less than $550       1,400        700           200        500
          $550 to $649         2,100        400         1,200        600
          $650 to $749         2,600        800         1,500        300
          $750 to $849         2,700      1,300         1,400          -
          $850 to $949         2,300      1,300           700        200
          $950 to $1,049       2,900      1,000         1,500        300
          $1,050 or more      13,600      4,800         6,300      2,500
          Median asking rent  $1,042     $1,017        $1,041    $1,050+
          
                    
          
                                 Percent absorbed within 3 months
          
                                            Inside MA            Outside
                                                                   MA
                                             In        Not in
                             United     central   central city
                             States        city     (suburbs)
          
             Total                64         64            63         75
          
          Less than $550          73         79            73         51
          $550 to $649            63         73            54         62
          $650 to $749            66         61            65         85
          $750 to $849            60         65            56        100
          $850 to $949            60         58            59        100
          $950 or more            65         62            67         83
          Median asking rent     (X)        (X)           (X)        (X)
          
          No bedroom              67         69            59        (X)
          Less than $750          78         77            78        (X)
          $750 or more            59         64            39        (X)
          Median asking rent     (X)        (X)           (X)        (X)
          
          1 bedroom               67         64            69         85
          Less than $550          78         78            78        100
          $550 to $649            71         70            71         83
          $650 to $749            65         58            69        (Z)
          $750 to $849            63         62            63        (X)
          $850 to $949            60         56            64        (X)
          $950 or more            66         64            69        (X)
          Median asking rent     (X)        (X)           (X)        (X)
          
          2 bedrooms              63         62            62         73
          Less than $550          64         75            48         65
          $550 to $649            61         75            57         45
          $650 to $749            69         64            60         95
          $750 to $849            60         66            53        100
          $850 to $949            59         58            58        100
          $950 to $1,049          70         59            73        (X)
          $1,050 or more          61         56            67         60
          Median asking rent     (X)        (X)           (X)        (X)
          
          3 bedrooms or more      63         71            53         76
          Less than $550          63         97            92          6
          $550 to $649            45         77             9         98
          $650 to $749            55         58            64          -
          $750 to $849            55         67            43        (X)
          $850 to $949            68         66            61        100
          $950 to $1,049          63         69            52        100
          $1,050 or more          69         71            59         88
          Median asking rent     (X)        (X)           (X)        (X)
          
          - Represents zero.     X Not applicable.
          Z Fewer than 50 units or less than one half of 1 percent.
   

Go to Characteristics of Apartments Completed: 2001
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
Last Revised: September 30, 2011