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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
849,337
Spending Power
$7,628,211,839
Direct Jobs Supported
54,451
Total Economic Contribution
$14,184,659,914
Total Jobs Supported
137,510
Married couple with no children
12%
Married couple with children
9%
Single Individual living alone or with roommates
64%
Single Parent
14%
1 Person Household
47%
2 Person Household
26%
3 Persons or More in Household
27%
14%

of population lives in apartments

Managing Apartments

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

Total Apartment Homes
427,576
Operation Dollars Spent
$1,644,904,373
Direct On-site Jobs
10,258
Total Economic Contribution
$3,213,506,567
Total Jobs Supported
24,262
5 to 9 apartment homes per building
23%
10 to 29 apartment homes per building
40%
20 to 49 apartment homes per building
9%
50 apartment homes per building or more
29%

Building Apartments

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

Construction Dollars Spent
$550,358,305
Direct Jobs
2,435
Total Economic Contribution
$1,085,086,434
Total Jobs Supported
7,701
Apartments Built 1959 or earlier
14%
Apartments Built 1960 to 1979
35%
Apartment Built 1980 - 1999
33%
Apartments Built 2000 or Later
18%
34%

Multifamily Percentage of Total Building Permits