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Survey of Market Absorption of Apartments (SOMA)



Fourth Quarter 2007


Table 3. Characteristics of Unfurnished Apartments Completed During the

         Second Quarter of 2007 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                    26,500     4,000      100       (X)       59       4.9



Units renting for:

Less than $750                 4,600     2,100       17       7.1       55      15.9

$750 to $849                   4,000     1,470       15       4.1       73       8.0

$850 to $949                   3,000       850       11       2.2       61      10.1

$950 to $1,049                 2,600       620       10       2.0       59       5.5

$1,050 to $1,149               2,200       560        8       2.6       58       7.2

$1,150 or more                10,000     2,040       38       7.1       55       4.9

Median asking rent            $1,011       $73      (X)       (X)     $983       $57



Units with

 fewer than

 2 bedrooms                   10,900     2,330       41       4.9       65       6.2

Less than $750                 2,100       730        8       2.5       71       6.5

$750 to $849                   2,200     1,120        8       3.5       80       7.4

$850 to $949                   1,800       630        7       1.9       68      10.7

$950 to 1,0949                   800       270        3       0.9       55       7.8

$1,050 to $1,149                 700       420        3       1.7       59      15.6

$1,150 or more                 3,300       950       12       3.3       55       9.3

Median asking rent              $915       $70      (X)       (X)     $876       $62



Units with

 2 bedrooms

 or more                      15,600     2,380       59       4.9       55       5.7

Less than $750                 2,500     1,650        9       5.9       41      19.1

$750 to $849                   1,800       770        7       2.6       64      10.7

$850 to $949                   1,200       420        5       1.4       52      13.9

$950 to $1,049                 1,800       560        7       2.0       61       7.7

$1,050 to $1,149               1,500       310        6       1.6       57       7.8

$1,150 to $1,149               1,400       570        5       2.0       43       8.5

$1,250 or more                 5,300       950       20       3.9       56       5.2

Median asking rent            $1,079       $71      (X)       (X)   $1,086       $83



Units with:



0 bedrooms                       600       260        2       0.8       63      19.6

1 bedroom                     10,300     2,170       39       4.5       66       6.0

2 bedrooms                    13,300     2,070       50       4.7       55       6.1

3 bedrooms or more             2,300        60        9       1.8       55       7.1







* 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 2007 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