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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
2,644,062
Spending Power
$16,102,581,626
Direct Jobs Supported
130,049
Total Economic Contribution
$31,234,177,580
Total Jobs Supported
342,639
Married couple with no children
13%
Married couple with children
9%
Single Individual living alone or with roommates
64%
Single Parent
14%
1 Person Household
44%
2 Person Household
29%
3 Persons or More in Household
27%
13%

of population lives in apartments

Managing Apartments

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

Total Apartment Homes
1,328,567
Operation Dollars Spent
$4,086,862,730
Direct On-site Jobs
31,827
Total Economic Contribution
$8,402,978,024
Total Jobs Supported
78,056
5 to 9 apartment homes per building
24%
10 to 29 apartment homes per building
29%
20 to 49 apartment homes per building
22%
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
$2,474,862,039
Direct Jobs
15,738
Total Economic Contribution
$5,174,689,037
Total Jobs Supported
49,667
Apartments Built 1959 or earlier
7%
Apartments Built 1960 to 1979
29%
Apartment Built 1980 - 1999
40%
Apartments Built 2000 or Later
25%
37%

Multifamily Percentage of Total Building Permits