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Survey of Market Absorption of Apartments (SOMA)



Second Quarter 1997

Table 2. Characteristics of Unfurnished Apartments Completed During the
         First Quarter of 1997 and Percent 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 are computed using unrounded data.)



                       Total             Percent              Percent
                  unfurnished                 of               rented
                  apartments   Standard    total   Standard    within   Standard
                   completed     error*    units     error*  3 months     error*

U.S. Total            37,600     2,520       100       (X)         72       2.3


Units renting for:
Less than $450         2,400       690         6       1.9         88       4.3
$450 to $549           4,700       780        13       2.0         72       5.4
$550 to $649           5,600       970        15       2.3         73       4.9
$650 to $749           7,100       780        19       2.1         76       3.1
$750 to $849           5,400       540        14       1.3         66       2.5
$850 or more          12,400     2,040        33       4.2         71       3.3
Median asking rent      $736       $25       (X)       (X)       $726       $27

Units with
 fewer than
 2 bedrooms           13,600     1,290        36       2.3         75       2.3
Less than $450         1,800       660         5       1.7         87       5.1
$450 to $549           2,400       590         6       1.5         70       5.1
$550 to $649           2,400       340         6       0.9         78       2.2
$650 to $749           3,100       320         8       0.8         72       2.8
$750 to $849           1,800       300         5       0.8         71       5.3
$850 or more           2,000       550         5       1.3         74       5.7
Median asking rent      $656       $29       (X)       (X)       $647       $40

Units with
 2 bedrooms
 or more              24,100     1,810        64       2.3         71       2.9
Less than $450           500       210         1       0.6         90       9.7
$450 to $549           2,400       590         6       1.6         73      10.1
$550 to $649           3,200       940         8       2.3         68       7.2
$650 to $749           4,000       750        11       2.0         79       4.1
$750 to $849           3,600       400        10       1.0         63       1.6
$850 or more           3,700       350        10       0.9         63       3.5
$950 or more           6,600     1,440        18       3.2         74       3.4
Median asking rent      $803       $35       (X)       (X)       $793       $46

Units with:
0 bedrooms             1,600       620         4       1.7         93       2.6
1 bedroom             11,900     1,190        32       2.1         73       2.2
2 bedrooms            19,800     1,630        53       2.3         70       3.2
3 bedrooms or more     4,300       420        11       1.0         74       3.0


* One standard error (68-percent confidence interval). 
X Not applicable.  
	  


Go to Detailed Tables for Second Quarter 1997 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
Last Revised: September 30, 2011