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Survey of Market Absorption of Apartments (SOMA)



Second Quarter 1999

Table 2. Characteristics of Unfurnished Apartments Completed During the
         First Quarter of 1999 and of Those 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 and percents 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            47,100     2,820       100       (X)         70       3.4


Units renting for:
Less than $450         1,300       340         3       0.7         82       8.6
$450 to $549           3,900     1,410         8       2.9         81       7.8
$550 to $649           6,600     1,170        14       2.2         64      12.3
$650 to $749          10,900     1,640        23       3.0         61       5.0
$750 to $849           8,000       910        17       1.9         71       3.5
$850 or more          16,500     2,360        35       4.7         76       2.8
Median asking rent      $762       $25        (X)      (X)       $778       $30

Units with
 fewer than
 2 bedrooms           19,400     1,700        41       2.5         71       5.2
Less than $450           900       300         2       0.6         86       8.5
$450 to $549           1,300       530         3       1.1         76      12.2
$550 to $649           5,400     1,140        11       2.2         59      14.2
$650 to $749           4,000       290         8       0.8         68       2.4
$750 to $849           2,000       200         4       (Z)         78       1.4
$850 or more           5,900     1,600        12       3.2         79       4.3
Median asking rent      $704       $30        (X)      (X)       $723       $39

Units with
 2 bedrooms
 or more              27,700     1,970        59       2.5         70       3.3
Less than $450           400       110         1       (Z)         71      11.0
$450 to $549           2,600     1,250         5       2.6         84       8.4
$550 to $649           1,300       390         3       0.8         83       6.9
$650 to $749           6,900     1,520        15       2.9         56       6.9
$750 to $849           6,000       940        13       1.9         69       4.6
$850 or more           3,400       400         7       0.9         63       2.9
$950 or more           7,300       940        15       2.1         79       2.6
Median asking rent      $796       $23        (X)      (X)       $806       $25

Units with:
0 bedrooms             1,200       680         2       1.4         79       5.5
1 bedroom             18,200     1,310        39       1.9         71       5.6
2 bedrooms            21,600     1,710        46       2.7         68       3.3
3 bedrooms or more     6,200     1,210        13       2.4         76       5.5


* One standard error (68-percent confidence interval). 
X Not applicable.  
Z Fewer than 50 units or less than one-half of 1 percent.



Go to Detailed Tables for Second Quarter 1999 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