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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
568,108
Spending Power
$3,474,053,648
Direct Jobs Supported
26,838
Total Economic Contribution
$7,053,023,717
Total Jobs Supported
70,607
Married couple with no children
9%
Married couple with children
7%
Single Individual living alone or with roommates
69%
Single Parent
15%
1 Person Household
52%
2 Person Household
27%
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
320,666
Operation Dollars Spent
$1,019,288,959
Direct On-site Jobs
7,142
Total Economic Contribution
$2,143,297,628
Total Jobs Supported
17,764
5 to 9 apartment homes per building
37%
10 to 29 apartment homes per building
31%
20 to 49 apartment homes per building
14%
50 apartment homes per building or more
17%

Building Apartments

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

Construction Dollars Spent
$431,473,955
Direct Jobs
2,628
Total Economic Contribution
$977,159,065
Total Jobs Supported
8,060
Apartments Built 1959 or earlier
11%
Apartments Built 1960 to 1979
29%
Apartment Built 1980 - 1999
37%
Apartments Built 2000 or Later
23%
32%

Multifamily Percentage of Total Building Permits