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Survey of Market Absorption of Apartments (SOMA)



Second Quarter 2000

Table 3. Characteristics of Unfurnished Apartments Completed During the
         Fourth Quarter of 1999 and of Those 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 and percents 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             58,000    3,740    100      (X)      71      1.6

Units renting for:
Less than $450          2,800    1,960      5      3.3      60      7.5
$450 to $549            4,500    1,150      8      2.0      87      4.9
$550 to $649            7,000    1,120     12      1.6      80      3.3
$650 to $749           10,900    1,220     19      1.4      72      2.1
$750 to $849            9,200      850     16      1.2      66      2.5
$850 or more           23,600    1,610     41      3.0      67      1.9
Median asking rent       $791      $26    (X)      (X)    $773      $25

Units with
 fewer than
 2 bedrooms            20,700    1,440     36      2.1      74      1.8
Less than $450            500       90      1      (Z)      82      5.1
$450 to $549            2,500      690      4      1.2      84      6.0
$550 to $649            3,900      920      7      1.4      78      5.1
$650 to $749            5,600      580     10      0.9      68      2.3
$750 to $849            3,300      220      6      0.5      66      2.0
$850 or more            4,900      610      9      1.2      76      2.7
Median asking rent       $711      $35     (X)     (X)    $704      $34

Units with
 2 bedrooms
 or more               37,300    3,070     64      2.1      69      2.0
Less than $450          2,300    1,960      4      3.3      56      5.8
$450 to $549            2,000      680      3      1.1      91      5.4
$550 to $649            3,100      630      5      1.0      83      4.2
$650 to $749            5,300      920      9      1.3      77      3.6
$750 to $849            5,900      850     10      1.2      66      3.6
$850 to $949            5,900      800     10      1.2      64      4.6
$950 or more           12,800    1,040     22      2.1      65      2.2
Median asking rent       $850      $32    (X)      (X)    $829      $34

Units with:
0 bedrooms              1,000      240      2      (Z)      77      9.6
1 bedroom              19,700    1,380     34      1.8      73      1.8
2 bedrooms             28,100    2,090     49      1.6      69      1.8
3 bedrooms or more      9,100    1,320     16      1.7      69      3.6



* One standard error (68-percent confidence interval)  X Not applicable.
Z Fewer than 50 units or less than one-half of 1 percent.



Go to Detailed Tables for Second Quarter 2000 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