U.S. Department of Commerce

Survey of Market Absorption of Apartments (SOMA)



Survey of Market Absorption
Characteristics 1998: Table 1

          Table 1.  Unfurnished Apartments Completed by Rent and Number
                   of Bedrooms for the United States and Regions:1998
          (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           210,200     10,700     35,500    115,300     48,800
          
          ASKING RENT 
          
          Less than $450      13,200        300      2,600      9,100      1,200
          $450 to $549        26,300        500     10,500     10,200      5,000
          $550 to $649        30,400        500      8,500     18,200      3,200
          $650 to $749        41,300      2,600      5,500     22,700     10,500
          $750 to $849        31,500      1,100      3,200     19,200      8,000
          $850 or more        67,600      5,700      5,100     35,900     20,900
          Median asking rent    $735       $850+      $604       $738       $805
          
          BEDROOMS
          
          No bedroom           5,500        400      1,600      2,000      1,600
          1 bedroom           71,100      5,400     12,000     37,300     16,400
          2 bedrooms         104,200      4,000     17,300     58,600     24,300
          3 bedrooms or more  29,400        900      4,600     17,400      6,600
          
          
                                                Percent distribution
          
                              United
          Characteristics     States   Northeast   Midwest      South      West
          
             Total               100        100        100        100        100
          
          RENT CLASS
          
          Less than $450           6          3          7          8          3
          $450 to $549            13          5         30          9         10
          $550 to $649            15          5         24         16          7
          $650 to $749            20         24         16         20         22
          $750 to $849            15         10          9         17         16
          $850 or more            32         53         15         31         43
          Median asking rent     (X)        (X)        (X)        (X)        (X)
          
          BEDROOMS
          
          No bedroom               3          4          4          2          3
          1 bedroom               34         51         34         32         34
          2 bedrooms              50         37         49         51         50
          3 bedrooms or more      14          8         13         15         14
          
          X Not applicable. 


Go to Characteristics of Apartments Completed: 1998
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