Skip Main Navigation Skip To Navigation Content

Survey of Market Absorption of Apartments (SOMA)



Fourth Quarter 2006

Table 9. Characteristics of Unfurnished Apartments Completed in the
         Last Four Quarters and of Those Reported as Rented and
         Remaining for Rent in the Fourth Quarter of 2006

(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.

                                                Apartments
                                                completed
                                                in last
                          Total                 4 quarters
                       apartments    90%        and rented       90%
                       completed   C.I. (+/-)*  prior to       C.I. (+/-)*
                       in last 4   (number of   4th quarter    (number of
                       quarters    apartments)  2006           apartments)

   Total                 107,300     8,290       59,600          5,120

  Asking rent:
Less than $750            21,800     2,630       15,000          1,950
$750 to $849              13,000     1,500        7,600            960
$850 to $949              12,800     1,520        6,800            740
$950 to $1,049            10,300       820        5,300            430
$1,150 to $1,149           8,900       880        4,600            500
$1,150 or more            41,200     6,030       20,300          3,530
Median asking rent        $1,013       $48         $958            $54


  Units with:
Fewer than 2 bedrooms     42,200     3,630       23,000          2,250
2 bedrooms                53,300     4,240       28,700         12,600
3 bedrooms or more        12,300     1,160        7,900          2,400

                                                       Apartments
                                                       completed
                       Apartments                      in last 4
                       completed                       quarters
                       in last 4                       and remain-
                       quarters          90%           ing for            90%
                       and rented      C.I. (+/-)*     rent at end      C.I. (+/-)*
                         in 4th        (number of      of 4th           (number of
                       quarter 2006    apartments)     quarter 2006     apartments)


   Total                  26,100        2,470            22,200           1,980

  Asking rent:
Less than $750             4,500          890             2,300             690
$750 to $849               3,700          520             1,700             340
$850 to $949               3,400          450             2,600             580
$950 to $1,049             2,600          420             2,300             290
$1,050 to $1,149           2,400          510             2,000             380
$1,050 or more             9,500        1,700            11,300           1,610
Median asking rent        $1,006          $63           $1,150+             $67

  Units with:
Fewer than 2 bedrooms     11,100        1,310             8,100           1,140
2 bedrooms                12,600        1,240            12,100           1,030
3 bedrooms or more         2,400          340             2,000             220


*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.
 Note: These data are for completions in the fourth quarter of 2005,  
       and the first, second, and third quarters of 2006.

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