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Survey of Market Absorption of Apartments (SOMA)



Survey of Market Absorption
Characteristics 2003: Table 1

      Table 1.  Unfurnished Apartments Completed by Rent and Number
      of Bedrooms for the United States and Regions: 2003
      (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

                         United
      Characteristic     States         Northeast          Midwest            South             West

       Total              167,800          21,500           35,500            71,400           39,400

       ASKING RENT

      Less than $650       25,200             600            8,200            13,100            3,300
      $650 to $749         23,200             300            9,800            10,500            2,600
      $750 to $849         23,000             100            6,400            11,800            4,700
      $850 to $949         15,100             700            2,400             8,100            3,900
      $950 to $1,049       14,200           2,300            1,600             6,700            3,600
      $1,050 or more       67,100          17,500            7,100            21,200           21,300
      Median asking rent     $932          $1,050+            $747              $853           $1,050+

      BEDROOMS

      No bedroom            5,900           2,500              700		   900            1,800
      1 bedroom            56,300           7,000           11,100		22,900           15,400
      2 bedrooms           84,900          10,800           19,200		37,200           17,700
      3 bedrooms or more   20,700           1,200            4,500		10,500            4,400


                          Percent distribution

                             United
      Characteristics        States      Northeast          Midwest            South            West

        Total                100            100               100                100             100

       RENT CLASS

      Less than $650          15              3                23                 18               9
      $650 to $749            14              1                28                 15               7
      $750 to $849            14              1                18                 17              12 
      $850 to $949             9              3                 7                 11              10
      $950 to $1,049           9             11                 4                  9               9
      $1,050 or more          40             82                20                 30              54
      Median asking rent      (X)            (X)               (X)                (X)             (X)

      BEDROOMS

      No bedroom               4             12                 2                  1               5
      1 bedroom               34             32                31                 32              39
      2 bedrooms              51             50                54                 52              45
      3 bedrooms or more      12              6                13                 15              11

         X Not applicable.



Go to Characteristics of Apartments Completed: 2003
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