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LIVING IN APARTMENTS

Renting can be smart choice for a wide range of individuals and families across all income levels. That’s why a diverse array of people call apartments home.

Apartment Residents
382,005
Spending Power
$2,260,670,489
Direct Jobs Supported
19,880
Total Economic Contribution
$4,127,306,112
Total Jobs Supported
50,083
Married couple with no children
7%
Married couple with children
6%
Single Individual living alone or with roommates
67%
Single Parent
19%
1 Person Household
52%
2 Person Household
23%
3 Persons or More in Household
24%
8%

of population lives in apartments

Managing Apartments

Apartment homes are economic engines, driving dollars and jobs that strengthen local communities.

Total Apartment Homes
231,315
Operation Dollars Spent
$681,976,912
Direct On-site Jobs
5,461
Total Economic Contribution
$1,329,309,396
Total Jobs Supported
12,943
5 to 9 apartment homes per building
41%
10 to 29 apartment homes per building
25%
20 to 49 apartment homes per building
16%
50 apartment homes per building or more
17%

Building Apartments

Apartment construction continues as a bright spot in the economy, helping lead the housing recovery.

Construction Dollars Spent
$175,398,931
Direct Jobs
1,160
Total Economic Contribution
$377,055,082
Total Jobs Supported
3,421
Apartments Built 1959 or earlier
7%
Apartments Built 1960 to 1979
26%
Apartment Built 1980 - 1999
37%
Apartments Built 2000 or Later
30%
25%

Multifamily Percentage of Total Building Permits