Table 3. Absorption Rates for Unfurnished Apartments Completed by Number
              of Bedrooms and Rent for the United States: 2004

(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)


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

    Total              153,800           100          62          81          90          97
Less than $650          18,400            12          71          89          95          94
$650 to $749            19,000            12          60          83          91          96
$750 to $849            17,800            12          65          83          92          91
$850 to $949            17,900            12          52          76          85          96
$950 to $1,049          14,200             9          61          81          91          93
$1,050 or more          66,400            43          63          79          88          93
Median asking rent        $976            (X)         (X)         (X)         (X)         (X)

   No bedrooms           4,700           100          69          85          94          97
Less than $650           2,000            42          83          90          98          99
$650 to $749               400             8          75          89          96          99
$750 to $849               500            11          44          78          89          96
$850 to $949               400             9          50          85          91          97
$950 to $1,049             400             8          66          85          93          97
$1,050 or more           1,000            22          64          77          88          96
Median asking rent        $752            (X)         (X)         (X)         (X)         (X)

   1 bedroom            53,200           100          64          84          92          95
Less than $650           8,900            17          71          90          97          99
$650 to $749             7,400            14          65          84          90          94
$750 to $849             7,500            14          64          83          93          97
$850 to $949             5,300            10          51          78          86          90
$950 to $1,049           4,100             8          61          80          90          95
$1,050 or more          20,000            38          66          84          91          95
Median asking rent        $903            (X)         (X)         (X)         (X)         (X)

   2 bedrooms           76,400           100          60          79          87          92
Less than $650           6,500             9          67          87          92          95
$650 to $749            10,000            13          57          82          90          94
$750 to $849             7,900            10          67          83          92          95
$850 to $949            10,000            13          50          73          82          90
$950 to $1,049           7,500            10          60          80          92          96
$1,050 to $1,149         6,800             9          61          75          82          86
$1,150 or more          27,700            36          60          77          86          92
Median asking rent      $1,000            (X)         (X)         (X)         (X)         (X)


3 bedrooms or more      19,500           100          65          83          91          95
Less than $650           1,000             5          78          93          94          96
$550 to $749             1,300             7          51          81          99         100
$650 to $849             1,900            10          72          86          91          96
$750 to $949             2,200            11          66          84          93          96
$850 to $1,049           2,200            12          62          82          93          97
$1,050 to $1,149         2,100            11          74          88          94          97
$1,150 or more           8,700            45          61          80          89          93
Median asking rent       1,100            (X)         (X)         (X)         (X)         (X)

X Not applicable.

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