 |
|
Survey of Market Absorption of Apartments (SOMA)
|
|
|
|
Second Quarter 2004
Table 9. Characteristics of Unfurnished Apartments Completed in the
Last Four Quarters and of Those Reported as Rented and
Remaining for Rent in the Second Quarter of 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 are computed using unrounded data.
Apartments
completed
in last
Total 4 quarters
apartments and rented
completed prior to
in last 4 Standard 2nd quarter Standard
quarters error* 2004 error*
Total 162,600 8,000 96,900 4,550
Asking rent:
Less than $650 23,000 2,800 15,600 2,140
$650 to $749 23,400 2,330 14,100 1,620
$750 to $849 21,300 2,200 13,000 1,470
$850 to $949 15,600 1,770 8,500 890
$950 to $1,049 14,300 1,360 7,400 810
$1,050 or more 64,900 5,090 38,400 3,570
Median asking rent $936 $22 $918 $26
Units with:
Fewer than 2 bedrooms 59,600 3,150 37,400 2,420
2 bedrooms 81,700 4,020 47,800 2,660
3 bedrooms or more 21,300 2,460 11,700 1,440
Apartments
completed
Apartments in last 4
completed quarters
in last 4 and remain-
quarters ing for
and rented rent at end
in 2nd Standard of 2nd Standard
quarter 2004 error* quarter 2004 error*
Total 34,900 2,560 30,800 3,190
Asking rent:
Less than $650 5,100 770 2,400 380
$650 to $749 4,700 540 4,600 840
$750 to $849 4,600 600 3,700 650
$850 to $949 3,300 470 3,900 770
$950 to $1,049 3,700 440 3,200 560
$1,050 or more 13,500 1,510 13,100 2,200
Median asking rent $943 $28 $977 $32
Units with:
Fewer than 2 bedrooms 12,700 1,250 9,500 1,070
2 bedrooms 17,200 1,240 16,700 1,760
3 bedrooms or more 5,000 790 4,500 950
* One standard error (68-percent confidence interval)
Note: These data are for completions in the
first through fourth quarters of 2003.
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
