Skip Main Navigation Skip To Navigation Content

Survey of Market Absorption of Apartments (SOMA)



Survey of Market Absorption
Characteristics 2004: Table 7




	



	Table 7.  Furnished Apartments Completed and 3-Month Absorption Rate

                by Asking Rent, Number of Bedrooms, and Geography: 2004



	(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                             4,400           100            76       $1,050+



	ASKING RENT



	Less than $850                       1,600            35            47          (X)

	$850 or more                         2,900            65            92          (X)



	BEDROOMS



	Fewer than 2 bedrooms                1,000            22            70         $650-

	2 bedrooms or more                   3,400            77            79       $1,050+



	REGION



	Northeast                               -              -            -           (X)

	Midwest                                500            12            44       $1,050+

	South                                2,300            51            76       $1,050+

	West                                 1,700            38            87       $1,050+



	AREA



	Inside metropolitan areas            3,900            89            79       $1,050+

	 In central city                     3,200            73            76       $1,050+

	 Not in central city (suburbs)         700            16            92         $650-

	Outside metropolitan areas             500            11            52       $1,050+



	(X) Not applicable.   - Represents zero.





	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