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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
468,239
Spending Power
$3,073,708,044
Direct Jobs Supported
25,696
Total Economic Contribution
$5,785,333,280
Total Jobs Supported
65,334
Married couple with no children
11%
Married couple with children
6%
Single Individual living alone or with roommates
71%
Single Parent
11%
1 Person Household
52%
2 Person Household
30%
3 Persons or More in Household
19%
12%

of population lives in apartments

Managing Apartments

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

Total Apartment Homes
259,671
Operation Dollars Spent
$848,569,797
Direct On-site Jobs
5,901
Total Economic Contribution
$1,652,781,456
Total Jobs Supported
14,404
5 to 9 apartment homes per building
28%
10 to 29 apartment homes per building
24%
20 to 49 apartment homes per building
20%
50 apartment homes per building or more
29%

Building Apartments

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

Construction Dollars Spent
$475,063,731
Direct Jobs
2,719
Total Economic Contribution
$984,522,075
Total Jobs Supported
8,268
Apartments Built 1959 or earlier
16%
Apartments Built 1960 to 1979
31%
Apartment Built 1980 - 1999
34%
Apartments Built 2000 or Later
20%
39%

Multifamily Percentage of Total Building Permits