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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
438,531
Spending Power
$2,627,996,403
Direct Jobs Supported
19,776
Total Economic Contribution
$4,638,939,251
Total Jobs Supported
50,606
Married couple with no children
11%
Married couple with children
9%
Single Individual living alone or with roommates
67%
Single Parent
13%
1 Person Household
47%
2 Person Household
29%
3 Persons or More in Household
24%
15%

of population lives in apartments

Managing Apartments

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

Total Apartment Homes
240,414
Operation Dollars Spent
$825,704,729
Direct On-site Jobs
5,536
Total Economic Contribution
$1,513,058,502
Total Jobs Supported
13,086
5 to 9 apartment homes per building
36%
10 to 29 apartment homes per building
25%
20 to 49 apartment homes per building
14%
50 apartment homes per building or more
26%

Building Apartments

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

Construction Dollars Spent
$138,048,120
Direct Jobs
697
Total Economic Contribution
$260,717,680
Total Jobs Supported
2,122
Apartments Built 1959 or earlier
4%
Apartments Built 1960 to 1979
20%
Apartment Built 1980 - 1999
49%
Apartments Built 2000 or Later
27%
25%

Multifamily Percentage of Total Building Permits