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Survey of Market Absorption of Apartments (SOMA)
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Second Quarter 2002
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 2002
(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* 2002 error*
Total 187,300 7,820 115,200 6,170
Asking rent:
Less than $650 32,200 4,520 22,200 3,950
$650 to $749 25,400 2,820 15,000 1,720
$750 to $849 27,700 2,380 16,200 1,310
$850 to $949 24,400 2,290 14,800 1,560
$950 or more 77,700 4,850 47,000 3,470
Median asking rent $884 $20 $879 $19
Units with:
Fewer than 2 bedrooms 67,200 4,870 41,500 3,360
2 bedrooms 94,800 4,720 57,200 4,130
3 bedrooms or more 25,300 2,630 16,400 2,330
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 2002 error* quarter 2002 error*
Total 38,400 1,960 33,600 2,540
Asking rent:
Less than $650 6,400 990 3,600 630
$650 to $749 5,800 860 4,600 780
$750 to $849 5,700 720 5,800 920
$850 to $949 4,400 410 5,200 1,020
$950 or more 16,200 1,810 14,400 1,240
Median asking rent $880 $31 $902 $42
Units with:
Fewer than 2 bedrooms 14,000 1,670 11,600 930
2 bedrooms 19,000 1,240 18,500 1,770
3 bedrooms or more 5,400 570 3,500 430
* One standard error (68-percent confidence interval)
Note: These data are for completions in the second, third and
fourth quarters of 2001, and the first quarter of 2002.
Go to Detailed Tables for Second Quarter 2002 Absorptions
Contact Alan Friedman at 301-763-3199 or mail to alan.friedman@census.gov
for further information on the Survey of Market Absorption of Apartments Data.
Source: U.S. Census Bureau, Housing and Household Economic Statistics Division
Last Revised: November 15, 2004
