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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
371,234
Spending Power
$2,236,427,723
Direct Jobs Supported
19,285
Total Economic Contribution
$4,277,168,020
Total Jobs Supported
49,750
Married couple with no children
9%
Married couple with children
6%
Single Individual living alone or with roommates
69%
Single Parent
15%
1 Person Household
49%
2 Person Household
29%
3 Persons or More in Household
22%
8%

of population lives in apartments

Managing Apartments

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

Total Apartment Homes
222,558
Operation Dollars Spent
$707,205,689
Direct On-site Jobs
5,379
Total Economic Contribution
$1,408,376,084
Total Jobs Supported
13,127
5 to 9 apartment homes per building
37%
10 to 29 apartment homes per building
31%
20 to 49 apartment homes per building
16%
50 apartment homes per building or more
16%

Building Apartments

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

Construction Dollars Spent
$269,683,539
Direct Jobs
1,803
Total Economic Contribution
$586,966,222
Total Jobs Supported
5,516
Apartments Built 1959 or earlier
6%
Apartments Built 1960 to 1979
23%
Apartment Built 1980 - 1999
41%
Apartments Built 2000 or Later
30%
21%

Multifamily Percentage of Total Building Permits