PDF Print

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
829,322
Spending Power
$7,770,818,459
Direct Jobs Supported
56,877
Total Economic Contribution
$14,783,205,036
Total Jobs Supported
142,334
Married couple with no children
12%
Married couple with children
7%
Single Individual living alone or with roommates
71%
Single Parent
10%
1 Person Household
52%
2 Person Household
30%
3 Persons or More in Household
18%
13%

of population lives in apartments

Managing Apartments

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

Total Apartment Homes
464,674
Operation Dollars Spent
$1,814,828,593
Direct On-site Jobs
11,097
Total Economic Contribution
$3,665,367,567
Total Jobs Supported
26,412
5 to 9 apartment homes per building
28%
10 to 29 apartment homes per building
21%
20 to 49 apartment homes per building
20%
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
$1,441,612,341
Direct Jobs
6,454
Total Economic Contribution
$2,945,214,013
Total Jobs Supported
20,704
Apartments Built 1959 or earlier
39%
Apartments Built 1960 to 1979
29%
Apartment Built 1980 - 1999
20%
Apartments Built 2000 or Later
13%
56%

Multifamily Percentage of Total Building Permits