RubinBrown Apartment Stats 2019

GOVERNMENT ASSISTED BY REGION

North

East/Northeast

Midwest

South/Southeast

Total Number of Projects

28

79

446

123

Average Project Age In Years Average Number of Units

15.04

14.32

11.28

10.37

104

119

103

97

Averages Per Unit: Monthly Rent

$997

$977

$792

$797

Square Feet

984

949

839

964

Rooms

4.43

4.57

4.34

4.98

Economic Occupancy

94.3%

94.2%

91.3%

90.0%

Net Operating Income Before Debt Service & Depreciation as a Percentage of Total Income

37.3%

42.0%

33.8%

27.9%

A

B

C

A

B

C

A

B

C

A

B

C

Revenues Gross Potential Rent Less: Vacancy Loss

$11,969 $12.16 100.0% $11,728 $12.36 100.0%

$9,507 $11.33 100.0%

$9,567

$9.92 100.0%

(677) (0.69) (112) (0.11) (90) (0.09)

-5.7% -0.9% -0.8% 92.7%

(676) (0.71) (150) (0.16) (25) (0.03)

-5.8% -1.3% -0.2% 92.7%

(830) (0.99) (123) (0.15) (36) (0.04)

-8.7% -1.3% -0.4% 89.6%

(959) (1.00) -10.0%

Collection Loss

(192) (0.20) (190) (0.20)

-2.0% -2.0% 86.0%

Concession Loss

Rent Collected

11,090

11.27

10,877

11.46

8,518

10.15

8,226

8.53 0.50

1,054

1.07

8.8%

938

0.99

8.0%

648

0.77

6.8%

485

5.1%

Other Income

$9,166 $10.92

96.4%

$8,711

$9.03

91.1%

$12,144 $12.34 $101.5%

$11,815 $12.45 100.7%

Total Income

Expenses Salaries and Personnel

$1,205

$1.22

10.1% 4.9% 0.7% 4.8% 1.6% 0.5% 0.7% 0.7% 0.2% 0.5% 0.4% 2.8% 8.7% 3.2% 10.7% 13.2%

$1,111

$1.17

9.5% 6.7% 0.6% 4.7% 9.3% 1.2% 0.5% 1.0% 0.7% 0.4% 0.6% 0.4% 3.0% 7.5% 2.1%

$1,099

$1.31

11.6% 7.6% 0.9% 5.0% 9.0% 0.7% 0.6% 0.9% 0.7% 0.3% 0.4% 0.4% 3.5% 8.0% 3.0% 11.2% 63.8%

$1,149

$1.19

12.0% 7.7% 0.6% 5.1% 9.0% 1.2% 0.7% 1.5% 1.0% 0.4% 0.6% 0.3% 5.1% 4.3% 2.5% 13.6% 65.6%

Administrative

586

0.60 0.08 0.58 1.30 0.19 0.06 0.09 0.08 0.03 0.06 0.05 1.60 0.34 1.06 0.39

781

0.82 0.08 0.58 1.15 0.15 0.06 0.13 0.09 0.05 0.08 0.05 1.26 0.37 0.93 0.26

720

0.86 0.10 0.56 1.02 0.07 0.07 0.10 0.08 0.03 0.05 0.05 1.27 0.40 0.90 0.34

732

0.76 0.06 0.51 0.89 0.12 0.07 0.14 0.09 0.04 0.06 0.03 1.35 0.51 0.42 0.25

Marketing

82

73

85

56

Management Fees

574

548

471 858

487 862 119

Utilities

1,280

1,093

Carpeting

188

143

62 59 85 66 29 42 39

Painting

60 87 78 29 56 51

57

71

Landscaping

120

139

HVAC

82 48 76 50

91 43 54 31

Appliances

Plumbing Electrical

Other Repairs and Services

1,577

1,195

10.2%

1,068

1,302

Insurance

334

349 878 248

337 756 288

492 407 243

Real Estate Taxes

1,046

379

Other Taxes

Total Expenses

$7,612

$7.74 63.6%

$6,852

$7.22 58.4%

$6,064

$7.23

$6,278

$6.51

Net Operating Income Before Debt Service & Depreciation

$4,532

$4.60 37.9%

$4,963

$5.23 42.3%

$3,102

$3.69

32.6%

$2,433

$2.52

25.5%

A = Dollars per unit, per year

B = Dollars per square foot, per year

C = Percent of gross potential rent

RubinBrown Apartment Stats 2019

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