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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
946,022
Spending Power
$7,614,046,224
Direct Jobs Supported
57,632
Total Economic Contribution
$14,288,519,144
Total Jobs Supported
148,056
Married couple with no children
11%
Married couple with children
9%
Single Individual living alone or with roommates
68%
Single Parent
11%
1 Person Household
49%
2 Person Household
29%
3 Persons or More in Household
21%
13%

of population lives in apartments

Managing Apartments

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

Total Apartment Homes
512,287
Operation Dollars Spent
$1,695,900,342
Direct On-site Jobs
11,372
Total Economic Contribution
$3,419,187,779
Total Jobs Supported
27,441
5 to 9 apartment homes per building
23%
10 to 29 apartment homes per building
25%
20 to 49 apartment homes per building
22%
50 apartment homes per building or more
29%

Building Apartments

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

Construction Dollars Spent
$1,374,804,073
Direct Jobs
7,054
Total Economic Contribution
$2,969,989,239
Total Jobs Supported
22,497
Apartments Built 1959 or earlier
13%
Apartments Built 1960 to 1979
26%
Apartment Built 1980 - 1999
35%
Apartments Built 2000 or Later
25%
47%

Multifamily Percentage of Total Building Permits