U.S. Department of Commerce

Survey of Market Absorption of Apartments (SOMA)



Second Quarter 2006

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 2006

(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    90%        and rented       90%
                       completed   C.I. (+/-)*  prior to       C.I. (+/-)*
                       in last 4   (number of   2nd quarter    (number of
                       quarters    apartments)  2006           apartments)

   Total                 109,200    13,130       68,300          8,520

  Asking rent:
Less than $750            28,600     5,700       20,600          4,520
$750 to $849              13,300     2,240        8,000          1,570
$850 to $949              12,600     2,130        7,600          1,320
$950 to $1,049            10,300     1,160        6,400            910
$1,150 to $1,149           8,000     1,090        4,700            730
$1,150 or more            36,400     8,100       21,000          4,640
Median asking rent          $950       $45         $923            $52


  Units with:
Fewer than 2 bedrooms     39,300     4,800       24,700          3,450
2 bedrooms                54,200     7,080       33,300          4,480
3 bedrooms or more        15,700     2,540       10,400          1,860

                                                       Apartments
                                                       completed
                       Apartments                      in last 4
                       completed                       quarters
                       in last 4                       and remain-
                       quarters          90%           ing for            90%
                       and rented      C.I. (+/-)*     rent at end      C.I. (+/-)*
                         in 2nd        (number of      of 2nd           (number of
                       quarter 2006    apartments)     quarter 2006     apartments)


   Total                  22,700        3,450            18,200           3,330

  Asking rent:
Less than $750             4,500        1,350             3,500           1,030
$750 to $849               3,600          690             1,700             520
$850 to $949               2,900          930             2,100             620
$950 to $1,049             1,900          260             2,000             380
$1,050 to $1,149           1,700          310             1,600             270
$1,050 or more             8,100        2,100             7,300           2,110
Median asking rent          $967          $61            $1,040             $60

  Units with:
Fewer than 2 bedrooms      8,500        1,350             6,100             950
2 bedrooms                10,800        1,930            10,100           2,170
3 bedrooms or more         3,300          550             2,000             420


*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.
 Note: These data are for completions in the second, third, and 
       fourth quarters of 2005, and the first quarter of 2006.

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