Table 2. Absorption Rates for Unfurnished Apartments Completed by Rent
for the United States and Regions: 2001

(Privately financed, nonsubsidized, unfurnished, rental apartments in
buildings with five units or more .  Data regarding 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)


                                                       Percent absorbed in:
                                    Percent       3           6           9           12
                        Total       of total    months      months      months      months

   United States       193,100     100          64          82          91          95

Less than $550          13,800       7          73          89          96          99
$550 to $649            20,800      11          63          85          92          97
$650 to $749            25,100      13          66          84          92          97
$750 to $849            27,800      14          60          79          89          95
$850 to $949            28,100      15          58          78          88          94
$950 or more            77,400      40          65          81          90          95
Median asking rent        $881      (X)         (X)         (X)         (X)         (X)

   Northeast            16,500     100          83          94          96          98
Less than $550           1,900      12          98         100         100         100
$550 to $649               200       1          98         100         100         100
$650 to $749               400       2          49          97         100         100
$750 to $849               100       1          45          76         100         100
$850 to $949             2,700      16          97         100         100         100
$950 or more            11,200      68          78          91          95          97
Median asking rent        $950+     (X)         (X)         (X)         (X)         (X)

   Midwest              31,600     100          67          84          92          96
Less than $550           3,500      11          64          84          91         100
$550 to $649             7,100      23          74          93          97          99
$650 to $749             4,300      14          67          84          93          99
$750 to $849             4,600      14          59          74          87          92
$850 to $949             5,200      17          53          72          86          88
$950 or more             6,900      22          75          89          94          96
Median asking rent        $768      (X)         (X)         (X)         (X)         (X)

   South                97,400     100          60          80          90          95
Less than $550           6,900       7          68          89          97          99
$550 to $649            12,000      12          54          81          91          96
$650 to $749            16,000      16          67          84          93          97
$750 to $849            16,700      17          59          78          88          94
$850 to $949            14,500      15          51          74          86          94
$950 or more            31,400      32          60          78          89          94
Median asking rent        $833      (X)         (X)         (X)         (X)         (X)

   West                 47,600     100          64          81          90          95
Less than $550           1,500       3          84          92          96          98
$550 to $649             1,500       3          69          78          82          89
$650 to $749             4,500      10          62          80          88          93
$750 to $849             6,500      14          62          87          95          98
$850 to $949             5,700      12          64          82          91          96
$950 or more            27,900      59          63          80          88          94
Median asking rent        $950+     (X)         (X)         (X)         (X)         (X)

X Not applicable.