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Survey of Market Absorption of Apartments (SOMA)



Survey of Market Absorption
Characteristics 2004: 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: 2004

(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                   155,000          73,100               71,800               10,100



Less than $650              18,700           9,100                4,800                4,800

$650 to $749                19,300          10,200                8,200                  900

$750 to $849                18,000           7,200                9,100                1,700

$850 to $949                17,900           6,600               11,000                  300

$950 to $1,049              14,500           7,300                7,000                  200 

$1,050 or more              66,600          32,700               31,600                2,300

Median asking rent            $974            $997                 $988                 $678



No bedroom                   4,800           3,800                  800                  200

Less than $850               2,900           2,300                  400                  200

$850 or more                 1,900           1,500                  400                   -

Median asking rent            $753            $704                 $841                 $650-



1 bedroom                   53,500          27,300               24,100                2,100

Less than $650               9,000           4,500                2,600                2,000

$650 to $749                 7,600           2,400                5,100                  (Z)

$750 to $849                 7,500           2,700                4,800                  (Z) 

$850 to $949                 5,300           2,700                2,500                   -

$950 to $1,049               4,100           2,400                1,800                   -

$1,050 or more              20,000          12,600                7,400                   -

Median asking rent            $900          $1,007                 $841                 $650-



2 bedrooms                  77,000          31,300               40,300                5,400

Less than $650               6,600           2,400                1,800                2,400

$650 to $749                10,100           6,400                3,000                  800

$750 to $849                 8,000           2,800                3,800                1,400

$850 to $949                 9,900           2,400                7,500                  100 

$950 to $1,049               7,700           3,300                4,300                  100 

$1,050 to $1,149             6,800           1,900                4,900                  (Z)

$1,150 or more              27,900          12,100               15,000                  700

Median asking rent            $999          $1,000               $1,044                 $685



3 bedrooms or more          19,700          10,700                6,600                2,400

Less than $650               1,000             400                  400                  200

$650 to $749                 1,300           1,100                  100                  100 

$750 to $849                 2,000           1,400                  300                  300

$850 to $949                 2,200           1,100                  900                  200

$950 to $1,049               2,300           1,400                  800                  100

$1,050 to $1,149             2,100             900                  500                  800

$1,150 or more               8,700           4,300                3,700                  700

Median asking rent          $1,099          $1,040               $1,150+              $1,095





                                            Percent absorbed within 3 months



                                                     Inside MA                            Outside

	                                                                                      MA

                                                  In                    Not in

                            United             central              central city

                            States               city                 (suburbs)



    Total                    62                    62                      60                77



Less than $650               70                    71                      62                77

$650 to $749                 60                    63                      59                27

$750 to $849                 66                    63                      65                84

$850 to $949                 53                    53                      52                64

$950 to $1,049               61                    61                      60               100

$1,050 or more               63                    62                      61                90

Median asking rent           (X)                   (X)                     (X)               (X)



No bedroom                   69                    73                      46                94

Less than $850               75                    80                      40                94

$850 or more                 60                    62                      53                (X)

Median asking rent           (X)                   (X)                     (X)               (X)



1 bedroom                    64                    64                      64                82

Less than $650               69                    67                      64                81

$650 to $749                 65                    68                      63                (Z)

$750 to $849                 64                    59                      66                (Z)

$850 to $949                 51                    48                      54                (X)

$950 to $1,049               62                    62                      62                (X)

$1,050 or more               66                    66                      66                (X)

Median asking rent           (X)                   (X)                     (X)               (X)



2 bedrooms                   60                    60                      58                72

Less than $650               66                    68                      55                71

$650 to $749                 56                    63                      52                20

$750 to $849                 68                    60                      65                89

$850 to $949                 50                    55                      49                50

$950 to $1,049               60                    61                      58               100

$1,050 to $1,149             62                    59                      62                (Z)

$1,150 or more               60                    57                      61                94

Median asking rent           (X)                   (X)                     (X)               (X)



3 bedrooms or more           64                    64                      60                81

Less than $650               78                    78                      75                85

$650 to $749                 51                    49                      89                63

$750 to $849                 72                    76                      72                52

$850 to $949                 66                    59                      75                68

$950 to $1,049               62                    57                      67               100

$1,050 to $1,149             73                    64                      55                94

$1,150 or more               61                    65                      52                82

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.



Source: U.S. Census Bureau, Survey of Market Absorption 2004






Go to Characteristics of Apartments Completed: 2004
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