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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
892,182
Spending Power
$7,679,292,609
Direct Jobs Supported
65,513
Total Economic Contribution
$15,562,086,471
Total Jobs Supported
167,647
Married couple with no children
10%
Married couple with children
4%
Single Individual living alone or with roommates
78%
Single Parent
8%
1 Person Household
62%
2 Person Household
25%
3 Persons or More in Household
13%
7%

of population lives in apartments

Managing Apartments

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

Total Apartment Homes
570,636
Operation Dollars Spent
$2,335,859,353
Direct On-site Jobs
16,117
Total Economic Contribution
$5,114,616,327
Total Jobs Supported
39,526
5 to 9 apartment homes per building
28%
10 to 29 apartment homes per building
21%
20 to 49 apartment homes per building
19%
50 apartment homes per building or more
32%

Building Apartments

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

Construction Dollars Spent
$456,989,921
Direct Jobs
2,376
Total Economic Contribution
$1,082,609,123
Total Jobs Supported
8,179
Apartments Built 1959 or earlier
30%
Apartments Built 1960 to 1979
35%
Apartment Built 1980 - 1999
23%
Apartments Built 2000 or Later
12%
28%

Multifamily Percentage of Total Building Permits