U.S. Department of Commerce

Survey of Market Absorption of Apartments (SOMA)



Third Quarter 2006

Table 3. Characteristics of Unfurnished Apartments Completed During the
         First Quarter of 2006 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                    22,000     3,350      100       (X)       60       4.5

Units renting for:
Less than $750                 4,300     1,500       20       5.6       67      12.1
$750 to $849                   3,000       650       14       2.2       79       5.1
$850 to $949                   2,400       810       11       3.3       68       3.9
$950 to $1,049                 2,100       360       10       1.5       46       5.8
$1,050 to $1,149               1,600       250        7       1.4       53       4.2
$1,150 or more                 8,500     1,930       39       6.2       51       6.6
Median asking rent            $1,008       $73      (X)       (X)     $927       $54

Units with
 fewer than
 2 bedrooms                    8,400     1.460       38       3.2       60       5.0
Less than $750                 2,000       790        9       3.1       66      10.8
$750 to $849                   1,600       350        7       1.2       69       5.3
$850 to $949                   1,100       240        5       1.2       67       3.8
$950 to 1,0949                   900       170        4       0.8       45      12.2
$1,050 to $1,149                 500       130        2       0.7       51       7.8
$1,150 or more                 2,400       960       11       3.8       54      14.5
Median asking rent              $905       $69      (X)       (X)     $863       $61

Units with
 2 bedrooms
 or more                      13,600     2,180       62       3.2       59       5.2
Less than $750                 2,300       970       10       3.9       68      15.6
$750 to $849                   1,500       420        7       1.7       89       6.0
$850 to $949                   1,400       750        6       3.1       69       8.7
$950 to $1,049                 1,200       310        6       1.3       48       5.3
$1,050 to $1,149               1,200       200        5       1.0       55       4.9
$1,150 to $1,149               1,100       200        5       1.1       56       6.9
$1,250 or more                 5,000     1,160       23       3.7       49       6.3
Median asking rent            $1,090       $72      (X)       (X)     $991       $76

Units with:

0 bedrooms                       300       200        2       0.9       65      31.5
1 bedroom                      8,100     1,460       37       3.0       60       5.0
2 bedrooms                    10,600     1,840       48       2.7       56       6.0
3 bedrooms or more             3,000       520       14       1.9       72       4.4



* 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