U.S. Department of Commerce

Survey of Market Absorption of Apartments (SOMA)



Third Quarter 1997

Table 2. Characteristics of Unfurnished Apartments Completed During the
         Second Quarter of 1997 and Percent 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 are computed using unrounded data.)



                       Total             Percent              Percent
                  unfurnished                 of               rented
                  apartments   Standard    total   Standard    within   Standard
                   completed     error*    units     error*  3 months     error*

U.S. Total            44,000     4,110       100       (X)         80       1.4


Units renting for:
Less than $450         4,500     2,190        10       4.7         86       5.9
$450 to $549           3,500       850         8       1.9         86       6.0
$550 to $649           7,600     1,330        17       2.3         77       2.9
$650 to $749           9,800     1,710        22       2.9         84       2.8
$750 to $849           6,500       820        15       1.6         80       1.9
$850 or more          12,100     1,410        28       3.2         76       1.6
Median asking rent      $715       $30       (X)       (X)       $710       $31


Units with
 fewer than
 2 bedrooms           13,700     1,370        31       1.9         79       2.0
Less than $450         1,800       760         4       1.6         80       9.0
$450 to $549           1,300       470         3       1.0         93       3.8
$550 to $649           3,100       460         7       0.9         78       2.6
$650 to $749           2,700       430         6       0.9         84       1.6
$750 to $849           2,100       220         5       0.6         82       0.7
$850 or more           2,800       330         6       0.8         64       2.5
Median asking rent      $677       $36       (X)       (X)       $667       $36

Units with
 2 bedrooms
 or more              30,300     3,120        69       1.9         81       1.8
Less than $450         2,700     1,490         6       3.2         91       4.9
$450 to $549           2,300       820         5       2.0         83       8.1
$550 to $649           4,500     1,240        10       2.5         77       5.0
$650 to $749           7,100     1,680        16       3.2         84       3.8
$750 to $849           4,400       690        10       1.3         79       2.9
$850 or more           3,200       470         7       1.0         81       1.4
$950 or more           6,200       800        14       1.7         79       1.8
Median asking rent      $730       $31       (X)       (X)       $726       $33

Units with:
0 bedrooms               600       250         1       0.6         53       3.8
1 bedroom             13,100     1,340        30       1.7         80       1.9
2 bedrooms            24,300     2,720        55       2.4         81       2.0
3 bedrooms or more     6,000       970        14       1.9         84       3.5


* One standard error (68-percent confidence interval). 
X Not applicable.  



Go to Detailed Tables for Third Quarter 1997 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
Last Revised: September 30, 2011