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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
6,595,433
Spending Power
$50,919,604,441
Direct Jobs Supported
392,478
Total Economic Contribution
$103,830,000,000
Total Jobs Supported
1,021,188
Married couple with no children
14%
Married couple with children
14%
Single Individual living alone or with roommates
60%
Single Parent
12%
1 Person Household
39%
2 Person Household
28%
3 Persons or More in Household
33%
17%

of population lives in apartments

Managing Apartments

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

Total Apartment Homes
2,856,020
Operation Dollars Spent
$9,763,572,508
Direct On-site Jobs
65,146
Total Economic Contribution
$21,586,096,949
Total Jobs Supported
161,784
5 to 9 apartment homes per building
26%
10 to 29 apartment homes per building
23%
20 to 49 apartment homes per building
21%
50 apartment homes per building or more
29%

Building Apartments

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

Construction Dollars Spent
$5,987,101,968
Direct Jobs
30,328
Total Economic Contribution
$13,707,469,956
Total Jobs Supported
100,325
Apartments Built 1959 or earlier
21%
Apartments Built 1960 to 1979
37%
Apartment Built 1980 - 1999
29%
Apartments Built 2000 or Later
14%
51%

Multifamily Percentage of Total Building Permits