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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
4,656,825
Spending Power
$44,032,784,991
Direct Jobs Supported
303,248
Total Economic Contribution
$81,914,189,918
Total Jobs Supported
747,628
Married couple with no children
13%
Married couple with children
10%
Single Individual living alone or with roommates
65%
Single Parent
11%
1 Person Household
44%
2 Person Household
28%
3 Persons or More in Household
28%
24%

of population lives in apartments

Managing Apartments

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

Total Apartment Homes
2,163,491
Operation Dollars Spent
$8,483,984,561
Direct On-site Jobs
45,939
Total Economic Contribution
$16,052,793,223
Total Jobs Supported
108,025
5 to 9 apartment homes per building
17%
10 to 29 apartment homes per building
13%
20 to 49 apartment homes per building
27%
50 apartment homes per building or more
43%

Building Apartments

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

Construction Dollars Spent
$1,658,361,486
Direct Jobs
6,966
Total Economic Contribution
$3,135,629,898
Total Jobs Supported
21,785
Apartments Built 1959 or earlier
57%
Apartments Built 1960 to 1979
23%
Apartment Built 1980 - 1999
11%
Apartments Built 2000 or Later
9%
83%

Multifamily Percentage of Total Building Permits