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Survey of Market Absorption of Apartments (SOMA)



Fourth Quarter 2006

         Table 2. Characteristics of Unfurnished Apartments Completed During the
         Third Quarter of 2006 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      90%      total     90%      within      90%
                     completed    C.I.(+/-)*  units   C.I.(+/-)* 3 months  C.I.(+/-)*

U.S. Total              32,100     3,300      100       (X)       57        2.9


Units renting for:
Less than $750           4,400     1,050       14       3.1       73        9.1
$750 to $849             3,900       730       12       1.7       76        3.0
$850 to $949             4,200       830       13       2.5       59        4.2
$950 to $1,049           3,600       530       11       1.4       55        5.9
$1,050 to $1,149         3,100       630       10       2.1       55        8.0
$1,150 or more          13,100     2,430       41       5.6       47        4.7
Median asking rent      $1,052       $70       (X)      (X)     $982        $57

Units with
 fewer than
 2 bedrooms             13,200     1,720       41       2.6       62        5.0
Less than $750           1,700       410        5       1.3       86        4.6
$750 to $849             2,500       730        8       2.0       78        4.7
$850 to $949             1,800       620        6       2.0       56        6.9
$950 to $1,049           1,200       360        4       1.1       59       11.9
$1,050 to $1,149         1,200       650        4       2.0       68       18.1
$1,150 or more           4,800     1,340       15       3.5       47        9.1
Median asking rent        $997       $77       (X)       (X)    $917        $65

Units with
 2 bedrooms
 or more                18,900     1,970       59       2.6       54        2.5
Less than $750           2,600       950        8       2.9       65       12.2
$750 to $849             1,400       290        4       0.9       71        4.0
$850 to $949             2,400       590        8       1.6       61        4.4
$950 to $1,049           2,300       350        7       0.9       52        5.9
$1,050 to $1,149         1,900       240        6       0.7       47        4.1
$1,150 to $1,249         1,600       420        5       1.5       53        5.0
$1,250 or more           6,600     1,370       21       3.2       47        4.9
Median asking rent      $1,087       $72       (X)      (X)   $1,028        $78

Units with:
0 bedrooms               1,400       790        4       2.3       60       20.8
1 bedroom               11,800     1,360       37       2.2       62        4.8
2 bedrooms              16,200     1,670       50       2.3       54        2.7
3 bedrooms or more       2,800       370        9       0.9       56        4.4
  

* 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.
X Not applicable.


Source:  U.S. Census Bureau, Survey of Market Absorption


Go to Detailed Tables for Fourth 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