U.S. Department of Commerce

Survey of Market Absorption of Apartments (SOMA)



First Quarter 1998

Table 2. Characteristics of Unfurnished Apartments Completed During the
         Fourth Quarter of 1997 and Percent Rented Within 3 Months (Preliminary)

Not Seasonally Adjusted

(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 are computed using unrounded data.)



                       Total             Percent              Percent
                  unfurnished                 of               rented
                  apartments   Standard    total   Standard    within   Standard
                   completed     error*    units     error*  3 months     error*

U.S. Total            55,800     3,810       100       (X)         69       2.6


Units renting for:
Less than $450         4,200     1,130         7       2.0         67      12.2
$450 to $549           8,200     1,190        15       2.0         67       4.2
$550 to $649           6,900     1,040        12       1.5         68       4.6
$650 to $749          13,600     2,390        24       3.5         69       7.2
$750 to $849           6,600       620        12       1.1         74       2.0
$850 or more          16,300     1,710        29       2.7         69       2.8
Median asking rent      $713       $20        (X)      (X)       $717       $20

Units with
 fewer than
 2 bedrooms           19,300     1,900        35       2.9         72       3.2
Less than $450         2,200       530         4       0.9         70       8.1
$450 to $549           2,900       710         5       1.3         71       7.4
$550 to $649           2,800       520         5       0.9         69       5.1
$650 to $749           4,100       620         7       1.0         82       1.3
$750 to $849           2,300       210         4       (Z)         64       1.4
$850 or more           5,000     1,140         9       1.9         69       7.1
Median asking rent      $693       $33        (X)       (X)      $691       $25

Units with
 2 bedrooms
 or more              36,400     3,200        65       2.9         68       3.4
Less than $450         2,000     1,040         4       1.9         63      20.5
$450 to $549           5,300     1,070         9       1.8         65       5.8
$550 to $649           4,100       900         7       1.4         67       6.7
$650 to $749           9,500     2,340        17       3.7         64       9.8
$750 to $849           4,300       550         8       1.0         79       2.8
$850 or more           3,600       260         6       0.5         63       2.3
$950 or more           7,700       850        14       1.5         72       2.4
Median asking rent      $722       $24       (X)       (X)       $731       $25

Units with:
0 bedrooms             2,500       920         4       1.6         63      10.9
1 bedroom             16,800     1,510        30       2.4         73       2.7
2 bedrooms            27,400     2,380        49       3.0         71       2.2
3 bedrooms or more     9,000     1,880        16       2.9         57       9.7

Z Fewer than 50 units or less than one-half of one percent.
* One standard error (68-percent confidence interval). 
X Not applicable.  



Go to Detailed Tables for First Quarter 1998 Absorptions
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