U.S. Department of Commerce

Survey of Market Absorption of Apartments (SOMA)



First Quarter 1998

Table 3. Characteristics of Unfurnished Apartments Completed During the
         Third Quarter of 1997 and Percent Rented Within 3 Months (Revised)

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                             Per-
                       unfur-            Per-             cent
                       nished            cent           rented
                       apart-              of           within
                        ments  Standard total  Standard      3  Standard
                     completed   error* units    error* months    error*

U.S. Total             51,300    3,880    100      (X)      76      2.7

Units renting for:
Less than $450          3,400    1,070      7      2.0      90      3.2
$450 to $549            5,800    1,370     11      2.3      81      5.5
$550 to $649           10,000    2,130     19      3.3      71      5.4
$650 to $749            8,100      860     16      1.7      74      3.5
$750 to $849            8,000      980     16      1.7      71      6.0
$850 or more           16,000    1,360     31      2.5      77      3.3
Median asking rent       $730      $34    (X)      (X)    $726      $37

Units with
 fewer than
 2 bedrooms            14,600    1,200     28      2.0      83      1.2
Less than $450          1,500      390      3      0.8      83      3.8
$450 to $549            2,400      600      5      1.0      80      4.5
$550 to $649            2,800      450      5      0.8      83      3.4
$650 to $749            2,600      400      5      0.8      82      2.3
$750 to $849            2,300      340      5      0.7      87      1.5
$850 or more            3,000      210      6      0.5      83      0.8
Median asking rent       $674      $32     (X)     (X)    $678      $35

Units with
 2 bedrooms
 or more               36,700    3,320     72      2.0      73      3.5
Less than $450          1,900      980      4      1.9      95      2.6
$450 to $549            3,400      980      7      1.8      81      6.8
$550 to $649            7,200    2,080     14      3.5      67      7.0
$650 to $749            5,500      870     11      1.6      70      5.1
$750 to $849            5,700      930     11      1.7      65      7.8
$850 to $949            4,700      640      9      1.2      60      8.4
$950 or more            8,300    1,040     16      1.9      84      1.5
Median asking rent       $756      $41     (X)     (X)    $753      $48

Units with:
0 bedrooms                800      120      2      (Z)      87      1.6
1 bedroom              13,800    1,120     27      1.9      83      1.2
2 bedrooms             27,900    2,850     54      2.7      76      2.9
3 bedrooms or more      8,800    1,530     17      2.7      64      9.2


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