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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
625,887
Spending Power
$4,535,952,670
Direct Jobs Supported
40,492
Total Economic Contribution
$8,865,519,494
Total Jobs Supported
101,133
Married couple with no children
10%
Married couple with children
7%
Single Individual living alone or with roommates
72%
Single Parent
10%
1 Person Household
57%
2 Person Household
26%
3 Persons or More in Household
17%
12%

of population lives in apartments

Managing Apartments

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

Total Apartment Homes
376,487
Operation Dollars Spent
$1,213,390,461
Direct On-site Jobs
8,431
Total Economic Contribution
$2,473,805,870
Total Jobs Supported
20,200
5 to 9 apartment homes per building
13%
10 to 29 apartment homes per building
19%
20 to 49 apartment homes per building
30%
50 apartment homes per building or more
38%

Building Apartments

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

Construction Dollars Spent
$682,705,958
Direct Jobs
3,692
Total Economic Contribution
$1,472,733,292
Total Jobs Supported
12,210
Apartments Built 1959 or earlier
18%
Apartments Built 1960 to 1979
35%
Apartment Built 1980 - 1999
29%
Apartments Built 2000 or Later
18%
42%

Multifamily Percentage of Total Building Permits