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Survey of Market Absorption of Apartments (SOMA)



Second Quarter 2001

Table 9. Characteristics of Unfurnished Apartments Completed in the
         Last Four Quarters and of Those Reported as Rented and 
         Remaining for Rent in the Second Quarter of 2001

(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. 

                                             Apartments
                                              completed
                                                in last
                           Total             4 quarters
                      apartments             and rented
                       completed               prior to
                       in last 4   Standard  2nd quarter  Standard
                        quarters     error*     2001        error*

   Total                 220,100     8,380      145,400     5,930

  Asking rent:
Less than $550            18,700     2,580       12,700     1,620
$550 to $649              23,200     2,100       15,700     2,090
$650 to $749              32,000     3,190       21,600     2,270
$750 to $849              32,000     2,130       21,700     1,780
$850 to $949              28,500     4,180       16,800     1,990
$950 or more              85,700     5,560       57,000     4,400
Median asking rent          $865       $18         $857       $20


  Units with:
Fewer than 2 bedrooms     79,300     2,890       54,200     2,150
2 bedrooms               111,200     7,010       72,800     4,710
3 bedrooms or more        29,500     2,410       18,400     1,370

                                             Apartments
                                              completed
                      Apartments              in last 4
                       completed               quarters
                      in last 4              and remain-
                        quarters                ing for
                      and rented             rent at end
                          in 2nd   Standard      of 2nd   Standard
                      quarter 2001   error*  quarter 2001   error*


   Total                  43,300     2,660       31,400     2,210

  Asking rent:
Less than $550             3,400       550        2,600     1,370
$550 to $649               4,200       630        3,300       910
$650 to $749               6,300       740        4,100       490
$750 to $849               6,200       650        4,100       430
$850 to $949               7,400     2,030        4,300       460
$950 or more              15,800     1,210       12,900     1,140
Median asking rent          $871       $20         $885       $25

  Units with:
Fewer than 2 bedrooms     15,100       980       10,000       660
2 bedrooms                22,300     2,420       16,100     1,370
3 bedrooms or more         5,900       630        5,200     1,070


* One standard error (68-percent confidence interval)
 Note: These data are for completions in the second through
      fourth quarters of 2000, and the first quarter of 2001.



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