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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
429,200
Spending Power
$2,940,003,800
Direct Jobs Supported
23,705
Total Economic Contribution
$5,844,433,555
Total Jobs Supported
60,788
Married couple with no children
8%
Married couple with children
4%
Single Individual living alone or with roommates
78%
Single Parent
10%
1 Person Household
60%
2 Person Household
25%
3 Persons or More in Household
14%
7%

of population lives in apartments

Managing Apartments

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

Total Apartment Homes
281,817
Operation Dollars Spent
$855,229,019
Direct On-site Jobs
5,445
Total Economic Contribution
$1,764,421,279
Total Jobs Supported
13,489
5 to 9 apartment homes per building
34%
10 to 29 apartment homes per building
29%
20 to 49 apartment homes per building
17%
50 apartment homes per building or more
21%

Building Apartments

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

Construction Dollars Spent
$188,887,300
Direct Jobs
1,014
Total Economic Contribution
$416,005,390
Total Jobs Supported
3,293
Apartments Built 1959 or earlier
18%
Apartments Built 1960 to 1979
28%
Apartment Built 1980 - 1999
36%
Apartments Built 2000 or Later
18%
38%

Multifamily Percentage of Total Building Permits