U.S. Department of Commerce

Survey of Market Absorption of Apartments (SOMA)



Fourth Quarter 2003

Table 2. Characteristics of Unfurnished Apartments Completed During the
         Third Quarter of 2003 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         Standard       total      Standard        within       Standard
                       completed            error*       units        error*        3 months       error*

U.S. Total              42,500              4,390         100          (X)             60           3.0


Units renting for:
Less than $650           6,800              1,380          16          2.9             72           5.3
$650 to $749             6,700              1,160          16          2.0             62           4.3
$750 to $849             5,100              1,180          12          2.2             50           6.0
$850 to $949             4,000                660           9          1.3             61           7.8
$950 to $1,049           3,300                570           8          1.1             58           4.6
$1,050 or more          16,600              2,030          39          4.2             58           5.2
Median asking rent        $914                $36          (X)         (X)           $899           $32

Units with
 fewer than
 2 bedrooms             16,200              1,660          38          2.5             60           3.7
Less than $650           4,500              1,000          11          2.1             72           5.3
$650 to $749             2,800                500           7          1.0             60           4.2
$750 to $849             1,400                290           3          0.7             52           3.1
$850 to $949             1,200                250           3          0.6             60           6.3
$950 to $1,049           1,000                200           2          0.5             53           5.9
$1,050 or more           5,200              1,360          12          2.8             53           6.7
Median asking rent        $805                $37          (X)         (X)           $745           $32

Units with
 2 bedrooms
 or more                26,300              3,090          62          2.5             60           3.6
Less than $650           2,300                610           6          1.4             70           5.4
$650 to $749             3,900                950           9          1.8             63           5.8
$750 to $849             3,700              1,160           9          2.3             49           7.7
$850 to $949             2,800                610           7          1.2             62           6.2
$950 to $1,049           2,200                490           5          1.0             61           5.9
$1,050 to $1,149         2,200                270           5          0.7             49           5.7
$1,150 or more           9,200              1,390          22          2.5             64           5.2
Median asking rent        $969                $39          (X)		(X)          $974           $45

Units with:
0 bedrooms               1,700                610           4          1.3             50           7.0
1 bedroom               14,500              1,470          34          2.0             61           3.0
2 bedrooms              20,400              2,100          48          1.9             59           3.3
3 bedrooms or more       5,800              1,310          14          2.3             66           6.6


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



Go to Detailed Tables for Fourth Quarter 2003 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