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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
550,534
Spending Power
$3,369,736,110
Direct Jobs Supported
29,873
Total Economic Contribution
$6,349,593,752
Total Jobs Supported
75,107
Married couple with no children
8%
Married couple with children
5%
Single Individual living alone or with roommates
74%
Single Parent
13%
1 Person Household
58%
2 Person Household
24%
3 Persons or More in Household
18%
9%

of population lives in apartments

Managing Apartments

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

Total Apartment Homes
335,823
Operation Dollars Spent
$1,066,320,980
Direct On-site Jobs
7,358
Total Economic Contribution
$2,107,027,864
Total Jobs Supported
17,994
5 to 9 apartment homes per building
36%
10 to 29 apartment homes per building
30%
20 to 49 apartment homes per building
17%
50 apartment homes per building or more
17%

Building Apartments

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

Construction Dollars Spent
$330,514,744
Direct Jobs
1,957
Total Economic Contribution
$720,456,038
Total Jobs Supported
6,064
Apartments Built 1959 or earlier
14%
Apartments Built 1960 to 1979
32%
Apartment Built 1980 - 1999
35%
Apartments Built 2000 or Later
19%
27%

Multifamily Percentage of Total Building Permits