U.S. Department of Commerce

Survey of Market Absorption of Apartments (SOMA)



Third Quarter 2006

Table 9. Characteristics of Unfurnished Apartments Completed in the
         Last Four Quarters and of Those Reported as Rented and
         Remaining for Rent in the Third Quarter of 2006

(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 are computed using unrounded data.

                                                Apartments
                                                completed
                                                in last
                          Total                 4 quarters
                       apartments    90%        and rented       90%
                       completed   C.I. (+/-)*  prior to       C.I. (+/-)*
                       in last 4   (number of   3rd quarter    (number of
                       quarters    apartments)  2006           apartments)

   Total                 109,300    12,690       61,500          8,290

  Asking rent:
Less than $750            29,500     6,700       16,900          3,440
$750 to $849              12,500     1,950        8,100          1,600
$850 to $949              12,300     2,320        7,000          1,690
$950 to $1,049             9,000     1,090        5,200            740
$1,150 to $1,149           7,900     1,060        4,300            630
$1,150 or more            38,000     7,780       19,900          4,900
Median asking rent          $954       $41         $931            $39


  Units with:
Fewer than 2 bedrooms     40,600     4,830       22,000          3,150
2 bedrooms                53,500     6,520       29,600          4,140
3 bedrooms or more        15,200     2,480        9,900          1,810

                                                       Apartments
                                                       completed
                       Apartments                      in last 4
                       completed                       quarters
                       in last 4                       and remain-
                       quarters          90%           ing for            90%
                       and rented      C.I. (+/-)*     rent at end      C.I. (+/-)*
                         in 3rd        (number of      of 3rd           (number of
                       quarter 2006    apartments)     quarter 2006     apartments)


   Total                  29,400        4,710            18,400           2,720

  Asking rent:
Less than $750             9,000        3,880             3,500             860
$750 to $849               2,800          390             1,700             540
$850 to $949               3,200          650             2,100             490
$950 to $1,049             2,300          350             1,500             290
$1,050 to $1,149           2,200          430             1,400             300
$1,050 or more             9,900        2,290             8,200           1,970
Median asking rent          $942          $62            $1,078             $43

  Units with:
Fewer than 2 bedrooms     11,800        2,050             6,800           1,210
2 bedrooms                14,100        2,450             9,800           1,620
3 bedrooms or more         3,500          590             1,800             450


*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.
 Note: These data are for completions in the third and fourth 
       quarters of 2005, and the first and second quarters of 2006.

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