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Survey of Market Absorption of Apartments (SOMA)



Second Quarter 2006

Table 3. Characteristics of Unfurnished Apartments Completed During the
         Fourth Quarter of 2005 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       90%       total      90%        3       90%
                          completed   C.I.(+/-)*  units    C.I.(+/-)* months  C.I.(+/-)*

U.S. Total                    25,300     4,380      100       (X)       59       4.4

Units renting for:
Less than $750                 5,300     1,340       21       4.3       72       6.3
$750 to $849                   3,500     1,100       14       3.7       53       8.0
$850 to $949                   3,200     1,100       13       3.6       54      11.4
$950 to $1,049                 2,700       410       11       1.9       58       7.7
$1,050 to $1,149               2,200       510        9       2.1       51       4.4
$1,150 or more                 8,400     2,680       33       7.4       57       8.1
Median asking rent              $973       $70      (X)       (X)     $951       $55

Units with
 fewer than
 2 bedrooms                    8,800     2,180       35       3.6       62       7.1
Less than $750                 2,600       970       10       3.1       59      10.8
$750 to $849                   1,500       530        6       2.0       66       7.9
$850 to $949                   1,200       230        5       1.1       62      14.8
$950 to 1,0949                   400       140        2       0.5       65       4.5
$1,050 to $1,149                 400       260        2       0.9       47      16.0
$1,150 or more                 2,800     1,530       11       5.0       63      17.7
Median asking rent              $876       $67      (X)       (X)     $873       $62

Units with
 2 bedrooms
 or more                      16,400     2,450       65       3.6       58       3.6
Less than $750                 2,700       570       11       2.4       85       6.5
$750 to $849                   2,000       820        8       2.9       44      13.8
$850 to $949                   2,000     1,160        8       4.1       50       7.6
$950 to $1,049                 2,300       400        9       1.9       57       9.0
$1,050 to $1,149               1,800       380        7       1.9       52       3.9
$1,150 to $1,149               1,100       230        4       0.9       60       4.9
$1,250 or more                 4,600     1,300       18       3.8       54       6.2
Median asking rent            $1,016       $67      (X)       (X)     $995       $76

Units with:

0 bedrooms                       600       460        2       1.6       72      25.1
1 bedroom                      8,300     1,870       33       2.6       61       6.7
2 bedrooms                    13,200     2,010       52       2.7       57       3.8
3 bedrooms or more             3,300       580       13       1.6       62       6.3



* 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