U.S. Department of Commerce

Survey of Market Absorption of Apartments (SOMA)



Third Quarter 1997

Table 3. Characteristics of Unfurnished Apartments Completed During the
         First Quarter of 1997 and Percent 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 are computed using unrounded data.)

                        Total                             Per-
                       unfur-            Per-             cent
                       nished            cent           rented
                       apart-              of           within
                        ments  Standard total  Standard      3  Standard
                     completed   error* units    error* months    error*

U.S. Total             38,800    2,490    100      (X)      69      3.2

Units renting for:
Less than $450          2,200      680      6      1.8      89      4.3
$450 to $549            4,800      850     12      2.2      74      5.0
$550 to $649            5,500      950     14      2.2      73      5.0
$650 to $749            6,600      750     17      1.9      75      3.0
$750 to $849            5,300      580     14      1.5      63      2.0
$850 or more           14,500    2,440     37      5.2      62      6.0
Median asking rent       $756      $34     (X)     (X)    $729      $30

Units with
 fewer than
 2 bedrooms            15,300    1,670     39      3.4      68      6.2
Less than $450          1,700      660      4      1.7      89      4.7
$450 to $549            2,200      550      6      1.3      71      5.1
$550 to $649            2,500      360      6      0.9      79      2.8
$650 to $749            2,900      320      7      0.9      71      2.3
$750 to $849            1,800      260      5      0.7      65      3.7
$850 or more            4,300    1,960     11      4.9      50     11.8
Median asking rent       $695      $41     (X)     (X)    $659      $31

Units with
 2 bedrooms
 or more               23,500    1,980     61      3.4      70      2.8
Less than $450            500      210      1      0.6      89      9.9
$450 to $549            2,600      710      7      1.9      76      8.7
$550 to $649            3,000      890      8      2.2      68      7.2
$650 to $749            3,700      610     10      1.5      77      4.1
$750 to $849            3,500      410      9      1.1      62      1.8
$850 to $949            3,700      330     10      0.9      57      2.9
$950 or more            6,500    1,360     17      3.0      73      3.4
Median asking rent       $806      $40     (X)     (X)    $789      $51

Units with:
0 bedrooms              3,500    1,840      9      4.7      55     19.8
1 bedroom              11,800    1,140     30      2.3      72      1.8
2 bedrooms             19,300    1,780     50      3.0      69      3.0
3 bedrooms or more      4,200      390     11      1.0      71      2.9


* 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