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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
566,284
Spending Power
$3,869,202,269
Direct Jobs Supported
34,826
Total Economic Contribution
$7,259,010,377
Total Jobs Supported
87,336
Married couple with no children
9%
Married couple with children
5%
Single Individual living alone or with roommates
77%
Single Parent
9%
1 Person Household
61%
2 Person Household
24%
3 Persons or More in Household
15%
10%

of population lives in apartments

Managing Apartments

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

Total Apartment Homes
359,231
Operation Dollars Spent
$1,144,263,005
Direct On-site Jobs
8,094
Total Economic Contribution
$2,206,516,680
Total Jobs Supported
19,358
5 to 9 apartment homes per building
32%
10 to 29 apartment homes per building
24%
20 to 49 apartment homes per building
24%
50 apartment homes per building or more
21%

Building Apartments

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

Construction Dollars Spent
$319,788,876
Direct Jobs
1,825
Total Economic Contribution
$667,271,468
Total Jobs Supported
5,805
Apartments Built 1959 or earlier
19%
Apartments Built 1960 to 1979
29%
Apartment Built 1980 - 1999
33%
Apartments Built 2000 or Later
19%
37%

Multifamily Percentage of Total Building Permits