PDF Print

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
1,047,120
Spending Power
$7,043,121,191
Direct Jobs Supported
61,296
Total Economic Contribution
$14,429,242,383
Total Jobs Supported
158,112
Married couple with no children
7%
Married couple with children
5%
Single Individual living alone or with roommates
75%
Single Parent
12%
1 Person Household
59%
2 Person Household
25%
3 Persons or More in Household
16%
9%

of population lives in apartments

Managing Apartments

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

Total Apartment Homes
652,134
Operation Dollars Spent
$2,204,435,236
Direct On-site Jobs
15,391
Total Economic Contribution
$4,706,965,228
Total Jobs Supported
38,638
5 to 9 apartment homes per building
33%
10 to 29 apartment homes per building
28%
20 to 49 apartment homes per building
14%
50 apartment homes per building or more
25%

Building Apartments

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

Construction Dollars Spent
$349,527,250
Direct Jobs
2,089
Total Economic Contribution
$815,272,311
Total Jobs Supported
6,880
Apartments Built 1959 or earlier
20%
Apartments Built 1960 to 1979
38%
Apartment Built 1980 - 1999
28%
Apartments Built 2000 or Later
14%
28%

Multifamily Percentage of Total Building Permits