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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
3,808,592
Spending Power
$25,474,825,503
Direct Jobs Supported
203,044
Total Economic Contribution
$53,649,982,510
Total Jobs Supported
541,457
Married couple with no children
10%
Married couple with children
11%
Single Individual living alone or with roommates
64%
Single Parent
15%
1 Person Household
46%
2 Person Household
27%
3 Persons or More in Household
28%
14%

of population lives in apartments

Managing Apartments

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

Total Apartment Homes
1,955,685
Operation Dollars Spent
$5,891,977,220
Direct On-site Jobs
45,872
Total Economic Contribution
$13,651,558,027
Total Jobs Supported
112,891
5 to 9 apartment homes per building
25%
10 to 29 apartment homes per building
34%
20 to 49 apartment homes per building
18%
50 apartment homes per building or more
24%

Building Apartments

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

Construction Dollars Spent
$3,577,361,827
Direct Jobs
20,688
Total Economic Contribution
$8,916,216,618
Total Jobs Supported
68,288
Apartments Built 1959 or earlier
5%
Apartments Built 1960 to 1979
28%
Apartment Built 1980 - 1999
38%
Apartments Built 2000 or Later
28%
38%

Multifamily Percentage of Total Building Permits