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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
1,458,587
Spending Power
$12,388,640,690
Direct Jobs Supported
102,409
Total Economic Contribution
$26,410,104,222
Total Jobs Supported
266,202
Married couple with no children
10%
Married couple with children
8%
Single Individual living alone or with roommates
72%
Single Parent
10%
1 Person Household
55%
2 Person Household
25%
3 Persons or More in Household
20%
12%

of population lives in apartments

Managing Apartments

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

Total Apartment Homes
830,648
Operation Dollars Spent
$2,695,599,707
Direct On-site Jobs
18,414
Total Economic Contribution
$6,058,538,251
Total Jobs Supported
45,812
5 to 9 apartment homes per building
35%
10 to 29 apartment homes per building
18%
20 to 49 apartment homes per building
17%
50 apartment homes per building or more
31%

Building Apartments

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

Construction Dollars Spent
$460,443,047
Direct Jobs
2,323
Total Economic Contribution
$1,090,789,579
Total Jobs Supported
7,856
Apartments Built 1959 or earlier
32%
Apartments Built 1960 to 1979
33%
Apartment Built 1980 - 1999
22%
Apartments Built 2000 or Later
13%
44%

Multifamily Percentage of Total Building Permits