 |
|
Survey of Market Absorption of Apartments (SOMA)
|
|
|
|
Second Quarter 2004
Table 3. Characteristics of Unfurnished Apartments Completed During the
Fourth Quarter of 2003 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 38,500 4,030 100 (X) 58 2.5
Units renting for:
Less than $650 5,000 950 13 2.3 70 7.0
$650 to $749 4,600 590 12 1.7 57 5.6
$750 to $849 6,300 1,350 16 2.7 65 3.6
$850 to $949 4,200 820 11 1.6 54 5.4
$950 to $1,049 3,900 550 10 1.1 61 5.7
$1,050 or more 14,500 2,050 38 3.0 50 5.2
Median asking rent $929 $38 (X) (X) $887 $34
Units with
fewer than
2 bedrooms 12,800 1,120 33 2.0 61 3.3
Less than $650 2,200 500 6 1.3 76 6.9
$650 to $749 1,800 280 5 0.8 70 4.6
$750 to $849 2,100 280 5 0.7 61 3.0
$850 to $949 1,700 490 4 1.0 41 10.2
$950 to $1,049 1,100 130 3 (Z) 62 4.5
$1,050 or more 4,000 570 10 1.5 57 6.7
Median asking rent $869 $40 (X) (X) $829 $35
Units with
2 bedrooms
or more 25,700 3,180 67 2.0 56 3.2
Less than $650 2,900 660 7 1.7 65 8.7
$650 to $749 2,800 500 7 1.4 49 7.4
$750 to $849 4,200 1,330 11 2.9 68 4.5
$850 to $949 2,500 460 7 1.0 63 5.2
$950 to $1,049 2,800 530 7 1.1 60 7.8
$1,050 to $1,149 3,000 880 8 1.8 50 13.4
$1,150 or more 7,500 1,210 19 2.2 47 6.2
Median asking rent $967 $38 (X) (X) $920 $46
Units with:
0 bedrooms 1,200 240 3 0.6 67 6.8
1 bedroom 11,600 1,030 30 1.8 60 3.4
2 bedrooms 20,000 2,400 52 1.9 56 3.4
3 bedrooms or more 5,700 1,050 15 1.8 55 4.7
* 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 2004 Absorptions
Contact Alan Friedman or Venus Anderson at 301-763-3199 or mail to alan.friedman@census.gov or Venus.K.Anderson@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
