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Survey of Market Absorption of Apartments (SOMA)



Third Quarter 2003

Table 3. Characteristics of Unfurnished Apartments Completed During the
         First Quarter of 2003 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              37,100       3,440       100          (X)         59          3.3

Units renting for:
Less than $650           7,000       1,830        19          4.1         71          4.0
$650 to $749             4,700         910        13          2.5         62          6.2
$750 to $849             5,000         910        14          2.1         63          7.6
$850 to $949             3,900         590        11          1.5         52          6.3
$950 to $1,049           3,600       1,010        10          2.5         57          5.6
$1,050 or more          12,800       1,870        35          4.1         53          3.9
Median asking rent        $896         $34        (X)         (X)       $848          $32

Units with
 fewer than
 2 bedrooms             13,100       1,720        35          3.1         61          3.2
Less than $650           2,900         720         8          1.7         74          8.5
$650 to $749             1,500         250         4          0.6         56          3.8
$750 to $849             1,900         290         5          0.8         61          3.7
$850 to $949             1,600         330         4          0.8         63          7.4
$950 to $1,049           1,200         320         3          0.8         58          5.1
$1,050 or more           4,000       1,080        11          2.5         55          6.5
Median asking rent        $867         $49        (X)         (X)       $841          $46

Units with
 2 bedrooms
 or more                24,000       2,470        65          3.1         58          4.3
Less than $650           4,100       1,640        11          4.0         69          3.2
$650 to $749             3,200         880         9          2.4         65          5.1
$750 to $849             3,100         870         8          2.1         64          6.2
$850 to $949             2,300         450         6          1.2         44          7.7
$950 to $1,049           2,400         950         7          2.4         56          7.4
$1,050 to $1,149         1,700         270         4          0.7         53          5.8
$1,150 or more           7,100         970        19          2.4         53          4.1
Median asking rent        $916         $38        (X)         (X)       $855          $35

Units with:
0 bedrooms               1,200         390         3          1.0         48         10.8
1 bedroom               11,900       1,510        32          2.7         63          3.0
2 bedrooms              19,000       1,950        51          2.7         56          4.0
3 bedrooms or more       4,900         850        13          1.8         67          6.5



* 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