U.S. Department of Commerce

Survey of Market Absorption of Apartments (SOMA)



Survey of Market Absorption
Characteristics 1998: Table 7

    Table 7.  Furnished Apartments Completed and 3-Month Absorption Rate 
              by Asking Rent, Number of Bedrooms, and Geography: 1998
    
    (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                         3,000        100         67       $850+
    
    ASKING RENT 
    
    Less than $750                     600         21         95        (X)
    $750 or more                     2,400         79         59        (X)
    
    BEDROOMS
    
    Fewer than 2 bedrooms              800         27         79       $850+
    2 bedrooms or more               2,200         73         62       $950+
    
     REGION
    
    Northeast                          100          3         -        $850+
    Midwest                            (Z)        (Z)        (Z)        (Z)
    South                            1,600         53         91       $850+
    West                             1,300         44         41       $850+
    
      AREA
    
    Inside MA                        2,200         72         89       $850+
     In central city                 1,500         48         91       $850+
     Not in central city (suburbs)     700         24         85       $850+
    Outside MA                         900         28         83       $850+
    
    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