U.S. Department of Commerce

Survey of Market Absorption of Apartments (SOMA)



Fourth Quarter 2006

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

U.S. Total                    28,500     2,930      100       (X)       67       2.7

Units renting for:
Less than $750                 8,000     1,330       28       4.6       78       4.2
$750 to $849                   2,700       380        9       1.7       65       4.0
$850 to $949                   3,000       580       10       2.2       62       9.3
$950 to $1,049                 2,000       350        7       1.1       66       3.7
$1,050 to $1,149               2,000       460        7       1.5       66       8.6
$1,150 or more                10,800     2,470       38       5.9       61       4.8
Median asking rent              $979       $71      (X)       (X)     $934       $54

Units with
 fewer than
 2 bedrooms                   11.700     1,750       41       2.9       68       3.7
Less than $750                 4.000       800       14       2.7       74       5.9
$750 to $849                   1,400       340        5       1.3       76       4.5
$850 to $949                   1,400       410        5       1.5       61      14.0
$950 to 1,0949                   700       250        3       0.8       67       5.1
$1,050 to $1,149                 500       210        2       0.7       77      12.6
$1,150 or more                 3,800     1,530       13       4.4       60       8.7
Median asking rent              $889       $68      (X)       (X)     $852       $60

Units with
 2 bedrooms
 or more                      16,700     1,520       59       2.9       66       3.4
Less than $750                 4,100       780       14       2.7       82       4.9
$750 to $849                   1,300       270        5       1.0       53       4.6
$850 to $949                   1,600       430        6       1.5       63      10.8
$950 to $1,049                 1,300       240        4       0.9       65       5.4
$1,050 to $1,149               1,500       420        5       1.5       63      11.1
$1,150 to $1,149               1,100       300        4       1.2       69       8.2
$1,250 or more                 5,900     1,170       21       2.8       60       4.3
Median asking rent            $1,060       $70      (X)       (X)   $1,015       $78

Units with:

0 bedrooms                     1,000       470        3       1.5       69       9.7
1 bedroom                     10,800     1,450       38       2.0       68       3.7
2 bedrooms                    13,500     1,240       47       2.0       65       3.7
3 bedrooms or more             3,200       570       11       1.9       72       4.3



* 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