Skip Main Navigation Skip To Navigation Content

Survey of Market Absorption of Apartments (SOMA)



Survey of Market Absorption
Characteristics 2003: 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: 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

                                   Inside MA                                        Outside
                                                                                      MA
                                            In                  Not in
                           United         central             central city
Characteristic             States           city                (suburbs)

   Total                   167,800          74,700               82,800               10,300

Less than $650              25,200          11,500                8,400                5,200
$650 to $749                23,200          13,100                7,600                2,500
$750 to $849                23,000          10,600               12,000                  500
$850 to $949                15,100           6,300                8,000                  700
$950 to $1,049              14,200           4,500                9,700                   (Z)
$1,050 or more              67,100          28,700               37,100                1,300
Median asking rent            $932            $884               $1,005                 $650-

No bedroom                   5,900           3,700                1,900                  200
Less than $850               1,900           1,000                  600                  200
$850 or more                 4,000           2,700                1,200                   -
Median asking rent          $1,050+         $1,050+              $1,050+                $650-

1 bedroom                   56,300          26,800               27,200                2,300
Less than $650              12,400           6,100                4,000                2,200
$650 to $749                 7,900           4,000                3,900                  100
$750 to $849                 7,400           3,100                4,300                   -
$850 to $949                 5,600           2,500                3,000                   -
$950 to $1,049               4,100           1,800                2,300                   -
$1,050 or more              19,000           9,200                9,700                   -
Median asking rent            $858            $856                 $898                 $650-

2 bedrooms                  84,900          34,900               44,200                5,800
Less than $650               9,800           4,300                3,400                2,100
$650 to $749                13,100           7,500                3,100                2,500
$750 to $849                12,500           6,100                6,000                  400
$850 to $949                 6,900           2,300                4,300                  400 
$950 to $1,049               8,400           2,000                6,400                   -
$1,050 to $1,149             7,200           2,200                5,000                   -
$1,150 or more              26,900          10,500               15,900                  500
Median asking rent            $951            $842               $1,031                 $681

3 bedrooms or more          20,700           9,200                9,500                2,000
Less than $650               1,700             500                  600                  600
$650 to $749                 1,800           1,200                  600                   -
$750 to $849                 3,000           1,300                1,600                  100
$850 to $949                 2,200           1,300                  500                  300
$950 to $1,049               1,500             600                  900                  (Z)
$1,050 to $1,149             1,200             600                  600                  (Z)
$1,150 or more               9,300           3,700                4,700                  800
Median asking rent          $1,060            $994               $1,145                 $913


                                            Percent absorbed within 3 months

                                                     Inside MA                            Outside
	                                                                                      MA
                                                  In                    Not in
                            United             central              central city
                            States               city                 (suburbs)

    Total                    62                    60                      62                74

Less than $650               73                    75                      70                72
$650 to $749                 63                    60                      63                78
$750 to $849                 59                    50                      66                81
$850 to $949                 58                    58                      56                91
$950 to $1,049               56                    57                      58                (Z)
$1,050 or more               62                    60                      62                89
Median asking rent           (X)                   (X)                     (X)               (X)

No bedroom                   62                    74                      37                79
Less than $850               68                    77                      49                79
$850 or more                 59                    73                      34                (X)
Median asking rent           (X)                   (X)                     (X)               (X)

1 bedroom                    65	               64	                     63                68
Less than $650               77	               80	                     76		         68
$650 to $749                 59                    58                      60                75
$750 to $849                 59                    57                      60                (X)
$850 to $949                 59                    55                      62                (X)
$950 to $1,049               58                    64                      54                (X)
$1,050 or more               66                    68                      63                (X)
Median asking rent           (X)	               (X)                     (X)               (X)

2 bedrooms                   60                    54	                     63                75
Less than $650               67                    66	                     68                67
$650 to $749                 63	               59	                     62                78
$750 to $849                 56                    44	                     67                88
$850 to $949                 56                    58	                     52                82
$950 to $1,049               58                    56	                     59                (X)
$1,050 to $1,149             56                    46	                     60                (X)
$1,150 or more               62                    53                      63                84
Median asking rent           (X)	               (X)                     (X)               (X)

3 bedrooms or more           64                    61                      61                94
Less than $650               85                    94	                     60	              100
$650 to $749                 70                    93	                     85                (X)
$750 to $849                 70                    60	                     79                61
$850 to $949                 61                    59                      42	              100
$950 to $1,049               54                    38	                     63	               (Z)
$1,050 to $1,149             52                    39                      60                (Z)
$1,150 or more               61                    63                      55                92                                                                                                                                                                             $1,150 or more               60                    65                      56	               68
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: 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