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Survey of Market Absorption of Apartments (SOMA)



Third Quarter 2005

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

U.S. Total                    26,400     4,230      100       (X)       60       4.4

Units renting for:
Less than $750                 5,700     2,370       22       7.2       63       8.9
$750 to $849                   3,600       870       14       3.1       57       7.6
$850 to $949                   4,000     1,000       15       4.0       53       8.0
$950 to $1,049                 2,300       580        9       1.8       56       4.9
$1,050 to $1,149               1,800       450        7       1.6       45      10.1
$1,150 or more                 9,000     2,360       34       6.9       65       8.3
Median asking rent              $948       $72      (X)       (X)     $959       $56

Units with
 fewer than
 2 bedrooms                    9,700     2,010       37       4.8       61       6.1
Less than $750                 1,800       550        7       1.8       66      10.4
$750 to $849                   2,100       640        8       2.3       52       9.9
$850 to $949                   1,200       420        5       1.7       54      12.0
$950 to 1,0949                   900       410        3       1.5       56      10.1
$1,050 to $1,149                 600       270        2       1.0       44      18.7
$1,150 or more                 3,000     1,510       12       5.1       73      11.7
Median asking rent              $920       $70      (X)       (X)     $948       $67

Units with
 2 bedrooms
 or more                      16,700     2,950       63       4.8       59       5.0
Less than $750                 3,900     2,130       15       7.0       62      11.6
$750 to $849                   1,400       460        5       1.7       66      12.1
$850 to $949                   2,800       910       10       3.6       52      10.4
$950 to $1,049                 1,500       490        6       1.7       56       6.0
$1,050 to $1,149               1,200       370        5       1.4       45      11.7
$1,150 to $1,149               1,000       210        4       0.8       57       7.4
$1,250 or more                 5,000     1,270       19       4.1       62       9.1
Median asking rent              $971       $64      (X)       (X)     $965       $74

Units with:

0 bedrooms                       600       210        2       0.7       66      13.3
1 bedroom                      9,100     1,960       34       4.7       61       6.2
2 bedrooms                    14,000     2,630       53       4.3       59       5.0
3 bedrooms or more             2,700       520       10       1.6       59       7.6



* 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