U.S. Department of Commerce

Survey of Market Absorption of Apartments (SOMA)



Second Quarter 2001

Table 2. Characteristics of Unfurnished Apartments Completed During the
         First Quarter of 2001 and of Those 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 and percents 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            43,500     2,970       100       (X)         64       2.9


Units renting for:
Less than $550         3,000       730         7       1.5         75       7.4
$550 to $649           4,600     1,060        11       2.5         59      11.0
$650 to $749           5,200       590        12       1.3         64       3.3
$750 to $849           6,000       650        14       1.5         65       4.7
$850 to $949           7,300     2,040        17       4.1         71       8.6
$950 or more          17,300     1,600        40       3.1         60       3.2
Median asking rent      $890       $18       (X)       (X)       $883       $20

Units with
 fewer than
 2 bedrooms           14,600     1,090        34       2.6         65       2.6
Less than $550         1,300       580         3       1.3         73       9.5
$550 to $649           1,500       440         3       1.1         83       3.3
$650 to $749           2,800       320         6       0.8         61       3.0
$750 to $849           2,600       330         6       0.8         63       4.1
$850 to $949           1,600       190         4       0.5         61       2.3
$950 or more           4,800       680        11       1.5         63       6.1
Median asking rent      $817       $23       (X)       (X)       $805       $28

Units with
 2 bedrooms
 or more              28,900     2,700        66       2.6         63       3.9
Less than $550         1,700       480         4       (Z)         77       5.8
$550 to $649           3,200       930         7       2.2         48      13.6
$650 to $749           2,400       490         6       1.1         68       4.8
$750 to $849           3,400       670         8       1.5         66       6.8
$850 to $949           5,700     2,050        13       4.2         74      10.1
$950 to $1,049         3,100       450         7       0.9         61       3.6
$1,050 or more         9,400     1,000        22       2.1         59       3.3
Median asking rent      $916       $24       (X)       (X)       $909       $20

Units with:
0 bedrooms               900       220         2       0.5         56       7.7
1 bedroom             13,700       960        31       2.3         66       2.6
2 bedrooms            22,200     2,310        51       3.1         65       4.1
3 bedrooms or more     6,700     1,160        15       2.3         58       7.2


* One standard error (68-percent confidence interval). 
X Not applicable.  



Go to Detailed Tables for Second Quarter 2001 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