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Survey of Market Absorption of Apartments (SOMA)



Second Quarter 1997

Table 9. Characteristics of Unfurnished Apartments Completed in the
         Last Four Quarters and Reported as Rented and Remaining
         for Rent in the Second Quarter of 1997

(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             Apartments
                      apartments                 rented
                       completed               prior to
                       in last 4   Standard  2nd quarter  Standard
                        quarters     error*        1997     error*

   Total                 185,200     5,690      125,200     5,090

  Asking rent:
Less than $450            14,700     2,160       11,100       940
$450 to $549              27,800     3,150       20,000     2,190
$550 to $649              33,500     2,340       24,200     2,790
$650 to $749              35,500     1,960       23,500     2,120
$750 or more              73,700     2,900       46,400     2,810
Median asking rent          $697       $11         $681       $15

  Units with:
Fewer than 2 bedrooms     61,400     2,750       41,900     2,700
2 bedrooms                95,600     4,560       63,300     3,810
3 bedrooms or more        28,200     2,000       20,000     2,030



                                             Apartments
                                              remaining
                      Apartments               for rent
                       rented in              at end of
                      2nd quarter  Standard  2nd quarter  Standard
                            1997     error*        1997     error*


   Total                  39,600     2,150       20,400     1,490

  Asking rent:
Less than $450             3,000       670          600        90
$450 to $549               5,200       650        2,700       470
$550 to $649               6,400       910        2,900       680
$650 to $749               8,100       810        3,900       570
$750 or more              17,000     1,510       10,300     1,110
Median asking rent          $715       $19        $750+       $27

  Units with:
Fewer than 2 bedrooms     13,600     1,080        5,900       530
2 bedrooms                20,700     1,770       11,600     1,290
3 bedrooms or more         5,300       580        2,900       540

* One standard error (68-percent confidence interval)
 Note: These data are for completions in the second through fourth
       quarters of 1996 and the first quarter of 1997.
	  


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