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Survey of Market Absorption of Apartments (SOMA)



Third Quarter 2006

         Table 2. Characteristics of Unfurnished Apartments Completed During the
         Second Quarter of 2006 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              31,000     5,140      100       (X)       67        5.5


Units renting for:
Less than $750           9,800     3,940       32       9.3       75       10.9
$750 to $849             2,900       620        9       1.9       65        7.2
$850 to $949             3,200       720       10       2.6       61       10.5
$950 to $1,049           2,000       390        7       1.5       63        5.2
$1,050 to $1,149         2,100       580        7       1.9       67        6.8
$1,150 or more          11,000     2,690       35       7.3       62        7.4
Median asking rent        $937       $63       (X)      (X)     $907        $53

Units with
 fewer than
 2 bedrooms             12,900     2,420       42       3.5       68        6.4
Less than $750           4,800     1,760       16       4.1       75       10.6
$750 to $849             1,400       410        5       1.4       76        8.0
$850 to $949             1,500       420        5       1.5       60       16.9
$950 to $1,049             700        90        2       0.5       65        3.5
$1,050 to $1,149           500       260        2       0.9       77       13.9
$1,150 or more           3,900     1,520       13       4.4       61       10.5
Median asking rent        $856       $66       (X)       (X)    $827        $59

Units with
 2 bedrooms
 or more                18,100     3,150       59       3.5       65        6.4
Less than $750           5,000     2,580       16       6.9       75       13.8
$750 to $849             1,500       450        5       1.3       55        7.9
$850 to $949             1,700       610        6       2.1       61       15.3
$950 to $1,049           1,300       360        4       1.2       62        8.6
$1,050 to $1,149         1,600       490        5       1.6       63        7.6
$1,150 to $1,249         1,000       250        3       0.8       73        6.7
$1,250 or more           6,100     1,350       20       3.8       61        7.7
Median asking rent      $1,016       $67       (X)      (X)     $988        $75

Units with:
0 bedrooms               1,000       490        3       1.5       69       10.1
1 bedroom               11,800     2,090       38       2.6       68        6.3
2 bedrooms              14,800     2,500       48       2.9       64        6.7
3 bedrooms or more       3,300       820       11       2.0       73        6.8
  

* 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 2006 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