U.S. Department of Commerce

Survey of Market Absorption of Apartments (SOMA)



Third Quarter 2005

Table 2. Characteristics of Unfurnished Apartments Completed During the
         Second Quarter of 2005 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      90%      total     90%      within      90%
                     completed    C.I.(+/-)*  units   C.I.(+/-)* 3 months  C.I.(+/-)*

U.S. Total              31,200     4,310      100       (X)       69        4.7


Units renting for:
Less than $750           9,100     2,590       29       6.2       76        7.8
$750 to $849             3,800     1,070       12       2.4       70        6.1
$850 to $949             3,800     1,050       12       2.5       66       11.7
$950 to $1,049           3,100       750       10       2.1       68        8.1
$1,050 to $1,149         2,200       450        7       1.6       70        8.5
$1,150 or more           9,200     1,870       29       6.5       64        7.9
Median asking rent        $922       $62       (X)      (X)     $901        $53

Units with
 fewer than
 2 bedrooms             11,900     2,100       38       4.0       70        5.7
Less than $750           4,400     1,680       14       4.3       80        4.8
$750 to $849             1,600       440        5       1.2       63       10.8
$850 to $949             1,100       390        4       1.3       79        8.2
$950 to $1,049             700       280        2       0.9       63       13.0
$1,050 to $1,149           900       310        3       1.0       62       15.4
$1,150 or more           3,200     1,120       10       3.6       61       12.5
Median asking rent        $845       $65       (X)       (X)    $812        $58

Units with
 2 bedrooms
 or more                19,300     2,890       62       4.0       69        5.8
Less than $750           4,700     1,570       15       4.5       72       14.1
$750 to $849             2,200       800        7       2.0       75       10.3
$850 to $949             2,700       990        9       2.5       61       16.4
$950 to $1,049           2,500       710        8       2.0       69        9.2
$1,050 to $1,149         1,300       330        4       1.1       75        7.5
$1,150 to $1,249         1,000       240        3       0.8       66       10.1
$1,250 or more           5,000       970       16       3.6       66        7.1
Median asking rent        $956       $63       (X)      (X)     $952        $73

Units with:
0 bedrooms               1,600     1,280        5       4.1       68        6.5
1 bedroom               10,300     1,780       33       3.2       71        6.1
2 bedrooms              15,500     2,430       50       3.2       68        6.3
3 bedrooms or more       3,800       540       12       1.5       74        6.3
  

* A 90-percent confidence interval is a measure of an estimate's variability.  The larger
  the confidence interval in relation to the size of the estimate, the less reliable the
  estimate.
X Not applicable.


Source:  U.S. Census Bureau, Survey of Market Absorption




Go to Detailed Tables for Third Quarter 2005 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