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Survey of Market Absorption of Apartments (SOMA)



Survey of Market Absorption
Characteristics 2003: Table 7


	Table 7.  Furnished Apartments Completed and 3-Month Absorption Rate
        by Asking Rent, Number of Bedrooms, and Geography: 2003

	(Privately financed, nonsubsidized, furnished, 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
	                                                                 absorbed      Median
	                                                                 within	       asking
	Characteristic                       Number       Percent        3 months      rent

	   Total                             2,200           100            74         $650-

	ASKING RENT

	Less than $850                       1,700            78            68          (X)
	$850 or more                           500            22            99          (X)

	BEDROOMS

	Fewer than 2 bedrooms                  800            36            64         $650-
	2 bedrooms or more                   1,400            64            80         $650-

	REGION

	Northeast                              100             2           100         $650-
	Midwest                                100             4            -          $700
	South	                               1,300            58            64         $650-
	West                                   800            35           100         $650-

	AREA

	Inside metropolitan areas            2,200           100            74		 $650-
	 In central city                     1,700            77            77		 $650-
	 Not in central city (suburbs)         500            23            65		 $650-
	Outside metropolitan areas               -             -             -           -

	X Not applicable.   - Represents zero.




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