U.S. Department of Commerce

Survey of Market Absorption of Apartments (SOMA)



Survey of Market Absorption
Characteristics 1998: 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: 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
          
                                            Inside MA            Outside
                                                                   MA
                                             In        Not in
                             United     central   central city
          Characteristic     States        city     (suburbs)
          
             Total           210,200     85,400       111,700     13,100
          
          Less than $450      13,200      3,600         7,400      2,200
          $450 to $549        26,300     12,100        12,500      1,700
          $550 to $649        30,400     12,700        14,500      3,300
          $650 to $749        41,300     14,400        23,600      3,200
          $750 to $849        31,500     11,500        18,400      1,600
          $850 or more        67,600     31,100        35,300      1,200
          Median asking rent    $735       $749          $740       $633
          
          No bedroom           5,500      4,000           900        700
          Less than $650       3,000      2,000           300        700
          $650 or more         2,500      1,900           600         -
          Median asking rent    $611       $631          $734       $541
          
          1 bedroom           71,100     28,700        39,100      3,300
          Less than $450       6,200      1,900         3,800        600
          $450 to $549        12,400      4,900         6,400      1,200
          $550 to $649        13,300      4,600         7,300      1,400
          $650 to $749        17,500      5,700        11,600        200
          $750 to $849         8,000      3,500         4,500         -
          $850 or more        13,700      8,200         5,500        (Z)
          Median asking rent    $670       $702          $667       $545
          
          2 bedrooms         104,200     41,600        55,800      6,800
          Less than $450       5,300        700         3,300      1,300
          $450 to $549        10,700      6,000         4,400        300
          $550 to $649        13,900      6,400         6,100      1,500
          $650 to $749        20,100      7,200        10,100      2,900
          $750 to $849        18,100      6,600        10,900        500
          $850 to $949        12,900      4,700         8,100        (Z)
          $950 or more        23,100     10,100        12,900        200
          Median asking rent    $760       $759          $786       $658
          
          3 bedrooms or more  29,400     11,200        15,900      2,300
          Less than $450         300        100           200        (Z)
          $450 to $549         2,100        500         1,500        100
          $550 to $649         2,500      1,400         1,100        (Z)
          $650 to $749         3,300      1,400         1,700        100
          $750 to $849         5,400      1,300         3,000      1,100
          $850 to $949         3,200      1,500         1,300        300
          $950 or more        12,600      4,900         7,000        700
          Median asking rent    $884       $904          $883       $835
          
          
                                 Percent absorbed within 3 months
          
                                            Inside MA            Outside
                                                                   MA
                                             In        Not in
                             United     central   central city
                             States        city     (suburbs)
          
             Total                73         73            71         86
          
          Less than $350          82         90            75         93
          $350 to $449            73         83            60         96
          $450 to $549            77         76            74         93
          $550 to $649            74         73            73         78
          $650 to $749            71         69            71         78
          $750 or more            69         68            70         72
          Median asking rent     (X)        (X)           (X)        (X)
          
          No bedroom              70         70            57         91
          Less than $650          83         83            70         91
          $650 or more            54         55            50        (X)
          Median asking rent     (X)        (X)           (X)        (X)
          
          1 bedroom               72         74            68         94
          Less than $450          83         92            77         96
          $450 to $549            61         74            44         97
          $550 to $649            74         75            70         91
          $650 to $749            75         82            71        100
          $750 to $849            76         77            75        (X)
          $850 or more            68         63            76        (Z)
          Median asking rent     (X)        (X)           (X)        (X)
          
          2 bedrooms              72         73            71         82
          Less than $450          79         88            72         91
          $450 to $549            84         91            73         96
          $550 to $649            80         79            76         97
          $650 to $749            71         65            74         76
          $750 to $849            66         63            68         68
          $850 to $949            67         66            66        (Z)
          $950 or more            70         71            70         -
          Median asking rent     (X)        (X)           (X)        (X)
          
          3 bedrooms or more      76         75            75         85
          Less than $450          78         99            71        (Z)
          $450 to $549            85         75            88        100
          $550 to $649            76         69            85        (Z)
          $650 to $749            79         77            79        100
          $750 to $849            77         74            77         83
          $850 to $949            68         68            71         57
          $950 or more            74         77            70         97
          Median asking rent     (X)        (X)           (X)        (X)
          
          - Represents zero.  X Not applicable.  Z Fewer than 
           50 units or less than one half of one percent.


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