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Survey of Market Absorption of Apartments (SOMA)



Fourth Quarter 2003

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

U.S. Total             50,000        4,560       100         (X)          67            3.4

Units renting for:
Less than $650          6,800        1,310        14         2.7          75            4.3
$650 to $749            6,800        1,160        14         2.3          71            4.8
$750 to $849            6,400        1,180        13         2.4          59            4.7
$850 to $949            3,600          460         7         1.1          64            4.7
$950 to $1,049          3,400          470         7         1.1          52            6.4
$1,050 or more         23,100        2,900        46         5.6          68            4.7
Median asking rent       $992          $40        (X)        (X)        $989            $38

Units with
 fewer than
 2 bedrooms            21,800        2,850        44         2.7          71            4.1
Less than $650          4,400          860         9         1.7          77            2.8
$650 to $749            2,000          350         4         0.7          65            4.6
$750 to $849            2,000          320         4         0.7          62            4.7
$850 to $949            1,700          300         3         0.7          60            2.5
$950 to $1,049          1,000          200         2         0.5          60            5.8
$1,050 or more         10,600        2,050        21         4.3          73            7.9
Median asking rent     $1,024          $33        (X)        (X)      $1,050+           $33

Units with
 2 bedrooms
 or more               28,200        2,240        56         2.7          64            3.4
Less than $650          2,300          620         5         1.3          70            5.4
$650 to $749            4,800        1,080        10         2.1          74            6.8
$750 to $849            4,500        1,140         9         2.3          58            6.3
$850 to $949            1,800          320         4         0.7          67            4.9
$950 to $1,049          2,300          400         5         0.9          49            7.9
$1,050 to $1,149        2,100          420         4         0.9          43            9.2
$1,150 or more         10,400        1,640        21         2.4          67            6.3
Median asking rent       $978          $49        (X)        (X)        $947            $50

Units with:
0 bedrooms              2,100          330         4         0.6          75            7.7
1 bedroom              19,700        2,720        39         2.7          70            4.3
2 bedrooms             23,700        2,110        47         2.2          63            4.0
3 bedrooms or more      4,400          470         9         1.2          68            3.7



* 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