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Survey of Market Absorption of Apartments (SOMA)
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Second Quarter 2004
Table 2. Characteristics of Unfurnished Apartments Completed During the
First Quarter of 2004 and of Those Rented Within 3 Months (Preliminary)
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 Percent Percent
unfurnished of rented
apartments Standard total Standard within Standard
completed error* units error* 3 months error*
U.S. Total 33,900 2,620 100 (X) 61 3.2
Units renting for:
Less than $650 4,700 660 14 1.9 76 4.0
$650 to $749 5,200 1,050 15 2.6 55 5.3
$750 to $849 3,600 470 11 1.0 65 4.0
$850 to $949 3,900 800 12 2.1 49 6.9
$950 to $1,049 4,000 600 12 1.2 59 5.1
$1,050 or more 12,600 1,220 37 3.1 60 6.7
Median asking rent $939 $27 (X) (X) $931 $36
Units with
fewer than
2 bedrooms 11,700 1,510 34 3.1 66 4.4
Less than $650 2,100 400 6 1.1 85 3.1
$650 to $749 1,500 270 5 0.7 60 5.3
$750 to $849 1,400 250 4 0.6 57 7.1
$850 to $949 1,700 540 5 1.5 46 12.8
$950 to $1,049 1,300 300 4 0.8 64 5.6
$1,050 or more 3,600 910 11 2.6 72 6.8
Median asking rent $894 $34 (X) (X) $893 $46
Units with
2 bedrooms
or more 22,200 1,830 66 3.1 58 3.1
Less than $650 2,600 510 8 1.6 69 5.2
$650 to $749 3,600 970 11 2.6 52 6.7
$750 to $849 2,100 330 6 0.9 71 3.7
$850 to $949 2,200 390 7 1.1 51 4.5
$950 to $1,049 2,700 470 8 1.1 56 5.9
$1,050 to $1,149 1,500 400 4 1.2 39 11.5
$1,150 or more 7,500 990 22 2.7 59 5.0
Median asking rent $970 $38 (X) (X) $956 $45
Units with:
0 bedrooms 715 240 2 0.7 58 8.1
1 bedroom 11,000 1,450 32 3.1 67 4.2
2 bedrooms 16,800 1,490 50 2.7 57 3.2
3 bedrooms or more 5,500 790 16 2.1 60 5.5
* One standard error (68-percent confidence interval).
X Not applicable. Z Fewer than 50 units or less than one-half of 1 percent.
Go to Detailed Tables for Second Quarter 2004 Absorptions
Contact Alan Friedman or Venus Anderson at 301-763-3199 or mail to alan.friedman@census.gov or Venus.K.Anderson@census.gov
for further information on the Survey of Market Absorption of Apartments Data.
Source: U.S. Census Bureau, Housing and Household Economic Statistics Division
Last Revised: November 15, 2004
