U.S. Department of Commerce

Survey of Market Absorption of Apartments (SOMA)



Second Quarter 1997

Table 3. Characteristics of Unfurnished Apartments Completed During the
         Fourth Quarter of 1996 and Percent Rented Within 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 are computed using unrounded data.)

                        Total                             Per-
                       unfur-            Per-             cent
                       nished            cent           rented
                       apart-              of           within
                        ments  Standard total  Standard      3  Standard
                     completed   error* units    error* months    error*

U.S. Total             43,200    4,320    100      (X)      69      3.8

Units renting for:
Less than $350            400      210      1      0.5      88     12.4
$350 to $449            3,500    1,610      8      3.4      84      8.6
$450 to $549            6,100    1,040     14      1.7      72      7.0
$550 to $649            8,000    1,010     18      1.6      73      3.4
$650 to $749            8,800    1,340     20      2.2      63      5.9
$750 or more           16,400    1,740     38      3.4      65      3.3
Median asking rent       $691      $35    (X)      (X)    $674      $38

Units with
 fewer than
 2 bedrooms            14,400    1,570     33      1.6      74      2.2
Less than $350            300      200      1      (Z)      85     15.4
$350 to $449            1,900      820      4      1.7      87      5.9
$450 to $549            1,900      560      4      1.2      65      5.7
$550 to $649            3,500      500      8      1.0      72      3.2
$650 to $749            3,300      370      8      0.8      69      3.6
$750 or more            3,500      500      8      1.1      77      1.1
Median asking rent       $638      $32     (X)     (X)    $636      $34

Units with
 2 bedrooms
 or more               28,800    3,010     67      1.6      66      4.9
Less than $350            100       70    (Z)      (Z)     100      (Z)
$350 to $449            1,600      840      4      1.8      82     12.4
$450 to $549            4,200      920     10      1.8      75      9.9
$550 to $649            4,500      780     10      1.5      74      4.8
$650 to $749            5,500    1,250     13      2.4      59      7.8
$750 to $849            4,800      660     11      1.3      59      5.1
$850 or more            8,200      950     19      1.9      64      3.5
Median asking rent       $724      $39    (X)      (X)    $702      $43

Units with:
0 bedrooms                400      210      1      0.5      65      5.0
1 bedroom              13,900    1,520     32      1.7      74      2.2
2 bedrooms             20,900    2,060     48      1.7      68      4.0
3 bedrooms or more      7,900    1,230     18      1.8      62      7.2



* One standard error (68-percent confidence interval)
Z Fewer than 50 units or less than one-half of one percent.
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