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| Survey of Market Absorption of Apartments (SOMA) |
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Table 4. Unfurnished Apartments Completed During the First Quarter
of 2004 by Geographic Area
Not Seasonally Adjusted
(Privately financed, nonsubsidized, unfurnished, rental apartments
in buildings with five units or more. Data regarding asking rent are
collected at the initial interview. Details may not sum to totals
because of rounding. Medians and percents are computed using
unrounded data)
Total |||
unfur- |||
nished |||
apart- Median Standard |||
ments Standard asking error* |||
completed error* rent (dollars) |||
|||
U.S. Total 33,900 2,620 $939 37 |||
|||
Inside metropolitan areas 32,300 2,690 $939 24 |||
In central cities 16,400 1,900 $898 32 |||
Not in central cities 15,900 2,120 $987 30 |||
Outside metropolitan areas 1,600 1,050 $844 66 |||
|||
Northeast 1,800 890 $1,050+ 50 |||
Midwest 6,700 1,660 $783 96 |||
South 16,400 2,200 $898 30 |||
West 9,100 1,400 $1,050+ 55
Percent
Percent Standard rented Standard
of Total error* within error*
Units (Percentage 3 (Percentage
Completed points) months points)
U.S. Total 100 (X) 61 3.2
Inside metropolitan areas 95 3.1 59 3.2
In central cities 48 4.7 61 3.2
Not in central cities 47 4.6 57 5.7
Outside metropolitan areas 5 3.1 92 2.4
Northeast 5 2.7 49 23.8
Midwest 20 4.5 63 9.8
South 48 4.7 57 3.0
West 27 3.9 68 3.0
* One standard error (68-percent confidence interval)
X Not applicable.
