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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
847,076
Spending Power
$5,631,405,669
Direct Jobs Supported
51,117
Total Economic Contribution
$10,954,210,307
Total Jobs Supported
130,626
Married couple with no children
9%
Married couple with children
5%
Single Individual living alone or with roommates
77%
Single Parent
10%
1 Person Household
59%
2 Person Household
25%
3 Persons or More in Household
16%
9%

of population lives in apartments

Managing Apartments

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

Total Apartment Homes
520,778
Operation Dollars Spent
$1,735,414,431
Direct On-site Jobs
12,572
Total Economic Contribution
$3,515,130,522
Total Jobs Supported
31,003
5 to 9 apartment homes per building
32%
10 to 29 apartment homes per building
28%
20 to 49 apartment homes per building
15%
50 apartment homes per building or more
24%

Building Apartments

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

Construction Dollars Spent
$204,086,242
Direct Jobs
1,256
Total Economic Contribution
$442,499,790
Total Jobs Supported
4,177
Apartments Built 1959 or earlier
15%
Apartments Built 1960 to 1979
38%
Apartment Built 1980 - 1999
34%
Apartments Built 2000 or Later
13%
23%

Multifamily Percentage of Total Building Permits