U.S. Department of Commerce

Survey of Market Absorption of Apartments (SOMA)



Third Quarter 2003

Table 2. Characteristics of Unfurnished Apartments Completed During the
          Second Quarter of 2003 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              48,700           4,300      100           (X)            69            3.8


Units renting for:
Less than $650           7,200           1,520       15           3.4            70            9.7
$650 to $749             6,100             930       12           2.3            68            4.3
$750 to $849             6,600           1,260       13           3.0            59            5.0
$850 to $949             3,500             530        7           1.5            67            5.7
$950 to $1,049           3,000             330        6           1.1            56            4.9
$1,050 or more          22,400           5,880       46           4.9            73            8.9
Median asking rent        $984             $41       (X)          (X)        $1,025            $37

Units with
 fewer than
 2 bedrooms             21,400           3,740       44           3.2            73            5.6
Less than $650           4,500             960        9           2.1            75            8.5
$650 to $749             1,800             350        4           0.8            66            5.8
$750 to $849             1,800             300        4           0.8            64            4.5
$850 to $949             1,800             340        4           0.9            61            8.9
$950 to $1,049           1,000             160        2           0.5            60           10.3
$1,050 or more          10,500           3,810       22           4.5            78           10.3
Median asking rent      $1,032             $47       (X)          (X)       $1,050+            $50

Units with
 2 bedrooms
 or more                23,100           2,510       56           3.2            65            3.7
Less than $650           2,700             740        6           1.7            62            4.8
$650 to $749             4,000             790        9           1.9            69            6.2
$750 to $849             3,800             840       10           2.7            58            6.6
$850 to $949             1,100             360        3           0.9            73            5.4
$950 to $1,049           1,500             270        4           0.7            55            4.7
$1,050 to $1,149         1,400             230        3           0.7            53            5.4
$1,150 or more           8,500           1,160       21           3.2            70            8.5
Median asking rent        $938             $50       (X)          (X)          $975            $45

Units with:
0 bedrooms               1,600             310        3           0.6            78           10.8
1 bedroom               19,800           3,580       41           3.3            72            5.9
2 bedrooms              23,100           2,400       47           2.3            65            4.4
3 bedrooms or more       4,200             460        9           1.4            66            4.0


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



Go to Detailed Tables for Third Quarter 2003 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