U.S. Department of Commerce

Survey of Market Absorption of Apartments (SOMA)



Second Quarter 2006

         Table 2. Characteristics of Unfurnished Apartments Completed During the
         First Quarter of 2006 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      90%      total     90%      within      90%
                     completed    C.I.(+/-)*  units   C.I.(+/-)* 3 months  C.I.(+/-)*

U.S. Total              22,500     3,360      100       (X)       59        3.9


Units renting for:
Less than $750           4,200     1,140       19       4.4       65       13.9
$750 to $849             3,200       570       14       2.3       79        3.2
$850 to $949             2,500       850       11       3.6       68        2.8
$950 to $1,049           2,200       480       10       1.3       47        5.9
$1,050 to $1,149         1,700       240        7       1.3       54        3.6
$1,150 or more           8,800     2,160       39       6.1       51        5.3
Median asking rent      $1,013       $68       (X)      (X)     $935        $55

Units with
 fewer than
 2 bedrooms              8,800     1,430       39       2.3       60        4.5
Less than $750           2,100       650        9       2.5       66       12.5
$750 to $849             1,600       350        7       1.7       68        4.4
$850 to $949             1,100       180        5       1.0       67        2.6
$950 to $1,049             900       360        4       1.3       45       11.1
$1,050 to $1,149           500       140        2       0.7       48        6.1
$1,150 or more           2,600       910       12       3.1       54       12.4
Median asking rent        $912       $70       (X)       (X)    $869        $62

Units with
 2 bedrooms
 or more                13,700     2,090       61       2.3       59        4.6
Less than $750           2,100       640        9       2.6       64       17.3
$750 to $849             1,600       590        7       2.4       90        1.2
$850 to $949             1,400       800        6       3.5       69        4.0
$950 to $1,049           1,300       340        6       1.4       49        4.9
$1,050 to $1,149         1,200       190        5       1.0       56        4.3
$1,150 to $1,249         1,200       160        5       1.0       54        1.9
$1,250 or more           5,000     1,360       22       4.0       49        6.9
Median asking rent      $1,092       $72       (X)      (X)   $1,003        $76

Units with:
0 bedrooms                 400       290        2       1.3       61        4.6
1 bedroom                8,400     1,350       37       2.1       60        4.3
2 bedrooms              10,700     1,790       47       2.2       56        5.6
3 bedrooms or more       3,000       450       13       1.9       71        3.3
  

* A 90-percent confidence interval is a measure of an estimate's variability.  The larger
  the confidence interval in relation to the size of the estimate, the less reliable the
  estimate.
X Not applicable.


Source:  U.S. Census Bureau, Survey of Market Absorption



Go to Detailed Tables for Second Quarter 2006 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