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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
909,951
Spending Power
$6,142,777,285
Direct Jobs Supported
51,972
Total Economic Contribution
$12,146,113,525
Total Jobs Supported
135,315
Married couple with no children
10%
Married couple with children
7%
Single Individual living alone or with roommates
69%
Single Parent
14%
1 Person Household
49%
2 Person Household
30%
3 Persons or More in Household
21%
9%

of population lives in apartments

Managing Apartments

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

Total Apartment Homes
510,410
Operation Dollars Spent
$1,541,564,153
Direct On-site Jobs
12,255
Total Economic Contribution
$3,158,117,694
Total Jobs Supported
29,394
5 to 9 apartment homes per building
33%
10 to 29 apartment homes per building
35%
20 to 49 apartment homes per building
21%
50 apartment homes per building or more
12%

Building Apartments

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

Construction Dollars Spent
$967,166,629
Direct Jobs
6,225
Total Economic Contribution
$2,113,452,518
Total Jobs Supported
19,535
Apartments Built 1959 or earlier
6%
Apartments Built 1960 to 1979
20%
Apartment Built 1980 - 1999
44%
Apartments Built 2000 or Later
30%
28%

Multifamily Percentage of Total Building Permits