U.S. Department of Commerce

Survey of Market Absorption of Apartments (SOMA)



Second Quarter 1999

Table 3. Characteristics of Unfurnished Apartments Completed During the
         Fourth Quarter of 1998 and of Those Rented Within 3 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 and percents 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             48,900    3,530    100      (X)      70      2.2

Units renting for:
Less than $450          2,900    1,160      6      2.2      89      5.2
$450 to $549            5,000    1,370     10      2.5      72      6.4
$550 to $649            7,200    1,170     15      2.3      68      8.3
$650 to $749            8,300      690     17      1.2      71      3.2
$750 to $849            7,400      930     15      1.6      65      2.9
$850 or more           18,200    1,620     37      2.7      68      2.1
Median asking rent       $765      $34     (X)      (X)   $753      $45

Units with
 fewer than
 2 bedrooms            19,700    1,710     40      2.4      71      3.7
Less than $450          2,500    1,110      5      2.1      91      5.0
$450 to $549            2,400      580      5      1.1      62     10.2
$550 to $649            4,300      990      9      2.1      61     11.6
$650 to $749            3,100      430      6      0.8      75      1.9
$750 to $849            1,700      190      4      (Z)      78      2.3
$850 or more            5,600      560     11      1.2      68      1.7
Median asking rent       $670      $38     (X)      (X)   $674      $43

Units with
 2 bedrooms
 or more               29,300    2,550     60      2.4      69      2.4
Less than $450            500      210      1       (Z)     78     12.3
$450 to $549            2,500    1,130      5      2.2      82      1.8
$550 to $649            2,900      630      6      1.2      79      4.0
$650 to $749            5,100      590     10      1.2      68      5.1
$750 to $849            5,600      830     12      1.5      61      3.9
$850 to $949            3,400      460      7      0.8      62      3.2
$950 or more            9,200    1,120     19      1.9      71      3.3
Median asking rent       $814      $32     (X)      (X)   $806      $43

Units with:
0 bedrooms              1,100      270      2      0.6      61      7.1
1 bedroom              18,600    1,670     38      2.3      71      4.0
2 bedrooms             23,200    2,030     47      2.1      70      2.4
3 bedrooms or more      6,100      750     12      1.1      67      3.1



* 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