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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
763,824
Spending Power
$4,637,134,458
Direct Jobs Supported
35,858
Total Economic Contribution
$8,774,849,535
Total Jobs Supported
94,246
Married couple with no children
9%
Married couple with children
7%
Single Individual living alone or with roommates
69%
Single Parent
15%
1 Person Household
49%
2 Person Household
28%
3 Persons or More in Household
23%
11%

of population lives in apartments

Managing Apartments

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

Total Apartment Homes
415,238
Operation Dollars Spent
$1,388,866,116
Direct On-site Jobs
9,825
Total Economic Contribution
$2,789,007,046
Total Jobs Supported
24,336
5 to 9 apartment homes per building
25%
10 to 29 apartment homes per building
32%
20 to 49 apartment homes per building
18%
50 apartment homes per building or more
25%

Building Apartments

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

Construction Dollars Spent
$728,760,894
Direct Jobs
4,180
Total Economic Contribution
$1,520,268,101
Total Jobs Supported
13,166
Apartments Built 1959 or earlier
6%
Apartments Built 1960 to 1979
27%
Apartment Built 1980 - 1999
46%
Apartments Built 2000 or Later
22%
21%

Multifamily Percentage of Total Building Permits