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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
704,979
Spending Power
$5,188,560,047
Direct Jobs Supported
42,711
Total Economic Contribution
$10,658,858,905
Total Jobs Supported
112,450
Married couple with no children
10%
Married couple with children
9%
Single Individual living alone or with roommates
70%
Single Parent
11%
1 Person Household
49%
2 Person Household
30%
3 Persons or More in Household
21%
13%

of population lives in apartments

Managing Apartments

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

Total Apartment Homes
389,469
Operation Dollars Spent
$1,196,086,285
Direct On-site Jobs
9,063
Total Economic Contribution
$2,645,521,587
Total Jobs Supported
22,400
5 to 9 apartment homes per building
21%
10 to 29 apartment homes per building
29%
20 to 49 apartment homes per building
25%
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
$1,031,707,676
Direct Jobs
5,781
Total Economic Contribution
$2,340,222,521
Total Jobs Supported
19,452
Apartments Built 1959 or earlier
10%
Apartments Built 1960 to 1979
33%
Apartment Built 1980 - 1999
34%
Apartments Built 2000 or Later
23%
35%

Multifamily Percentage of Total Building Permits