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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
1,033,216
Spending Power
$8,916,888,278
Direct Jobs Supported
71,152
Total Economic Contribution
$16,926,929,018
Total Jobs Supported
178,711
Married couple with no children
12%
Married couple with children
9%
Single Individual living alone or with roommates
66%
Single Parent
13%
1 Person Household
45%
2 Person Household
29%
3 Persons or More in Household
27%
13%

of population lives in apartments

Managing Apartments

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

Total Apartment Homes
520,248
Operation Dollars Spent
$1,996,706,008
Direct On-site Jobs
13,891
Total Economic Contribution
$3,975,751,151
Total Jobs Supported
32,610
5 to 9 apartment homes per building
28%
10 to 29 apartment homes per building
34%
20 to 49 apartment homes per building
11%
50 apartment homes per building or more
27%

Building Apartments

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

Construction Dollars Spent
$716,187,020
Direct Jobs
3,726
Total Economic Contribution
$1,467,323,966
Total Jobs Supported
11,734
Apartments Built 1959 or earlier
14%
Apartments Built 1960 to 1979
30%
Apartment Built 1980 - 1999
35%
Apartments Built 2000 or Later
22%
29%

Multifamily Percentage of Total Building Permits