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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
1,139,425
Spending Power
$9,786,093,887
Direct Jobs Supported
69,165
Total Economic Contribution
$19,601,546,056
Total Jobs Supported
179,255
Married couple with no children
14%
Married couple with children
12%
Single Individual living alone or with roommates
61%
Single Parent
13%
1 Person Household
46%
2 Person Household
28%
3 Persons or More in Household
27%
13%

of population lives in apartments

Managing Apartments

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

Total Apartment Homes
590,199
Operation Dollars Spent
$2,231,969,006
Direct On-site Jobs
13,204
Total Economic Contribution
$4,756,020,173
Total Jobs Supported
32,560
5 to 9 apartment homes per building
23%
10 to 29 apartment homes per building
26%
20 to 49 apartment homes per building
21%
50 apartment homes per building or more
30%

Building Apartments

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

Construction Dollars Spent
$860,720,448
Direct Jobs
3,835
Total Economic Contribution
$1,893,498,914
Total Jobs Supported
12,897
Apartments Built 1959 or earlier
31%
Apartments Built 1960 to 1979
34%
Apartment Built 1980 - 1999
21%
Apartments Built 2000 or Later
14%
62%

Multifamily Percentage of Total Building Permits