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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
220,153
Spending Power
$2,361,914,529
Direct Jobs Supported
4,984
Total Economic Contribution
$3,049,231,657
Total Jobs Supported
10,836
Married couple with no children
7%
Married couple with children
5%
Single Individual living alone or with roommates
77%
Single Parent
11%
1 Person Household
55%
2 Person Household
29%
3 Persons or More in Household
16%
35%

of population lives in apartments

Managing Apartments

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

Total Apartment Homes
124,809
Operation Dollars Spent
$515,940,516
Direct On-site Jobs
749
Total Economic Contribution
$675,796,430
Total Jobs Supported
1,578
5 to 9 apartment homes per building
12%
10 to 29 apartment homes per building
23%
20 to 49 apartment homes per building
14%
50 apartment homes per building or more
52%

Building Apartments

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

Construction Dollars Spent
$175,661,697
Direct Jobs
121
Total Economic Contribution
$211,198,059
Total Jobs Supported
313
Apartments Built 1959 or earlier
44%
Apartments Built 1960 to 1979
28%
Apartment Built 1980 - 1999
11%
Apartments Built 2000 or Later
18%
93%

Multifamily Percentage of Total Building Permits