RubinBrown Apartment Stats 2020

GOVERNMENT ASSISTED BY REGION

North

East/Northeast

Midwest

South/Southeast

Total Number of Projects

28

71

512

102

Average Project Age In Years Average Number of Units

17.26

14.62

10.93

10.68

110

121

105

95

Averages Per Unit: Monthly Rent

905 976 4.44

983 947 4.77

820 843 4.33

844 890 4.85

Square Feet

Rooms

Economic Occupancy

92.0%

92.1%

92.6%

89.3%

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

35.1%

40.1%

40.0%

30.9%

A

B

C

A

B

C

A

B

C

A

B

C

Revenues Gross Potential Rent Less: Vacancy Loss

10,632

10.90 100.0%

11,796

12.46 100.0%

9,799

11.63 100.0%

10,132

11.39 100.0%

(854) (0.88) (105) (0.11) (45) (0.05)

-8.0% -1.0% -0.4% 90.6%

(937) (0.99) (126) (0.13) (21) (0.02)

-8.0% -1.0% -0.4% 90.6%

(725) (0.86) (114) (0.14) (46) (0.05)

-7.4% -1.2% -0.5% 90.9%

(1,082) (1.22) -10.7%

Collection Loss

(163) (0.18) (93) (0.10)

-1.6% -0.9% 86.8%

Concession Loss

Rent Collected

9,628

9.85 0.78

10,712

11.32

8,914

10.58

8,794

9.89 0.54

760

7.1%

674

0.71

5.7%

572

0.68

5.8%

483

4.8%

Other Income

$9,486 $11.26

96.7%

$9,277 $10.43

91.6%

$10,388 $10.63

97.7% $11,386 $12.03

96.3%

Total Income

Expenses Salaries and Personnel

$1,104

$1.13

10.4% 5.9% 0.6% 4.6% 2.2% 1.5% 1.0% 0.8% 0.3% 0.6% 0.5% 3.5% 6.9% 3.3% 10.7% 10.7%

$1,148

$1.21

9.7% 5.7% 0.6% 4.6% 9.2% 1.6% 0.4% 1.1% 0.7% 0.5% 0.7% 0.5% 3.4% 6.6% 2.3%

$ 1,106

$1.31

11.3% 5.7% 0.6% 4.6% 8.5% 0.5% 0.6% 0.8% 0.8% 0.4% 0.4% 0.3% 3.7% 6.3% 3.1% 10.6%

$1,253

$1.41

12.4%

Administrative

626

0.64 0.07 0.50 1.16 0.24 0.17 0.11 0.08 0.04 0.06 0.06 1.17 0.38 0.75 0.35

667

0.70 0.07 0.58 1.15 0.20 0.05 0.14 0.09 0.06 0.09 0.06 1.26 0.42 0.83 0.28

560

0.66 0.07 0.53 0.99 0.06 0.07 0.09 0.09 0.04 0.04 0.03 1.23 0.43 0.73 0.36

808

0.91 0.07 0.60 0.97 0.12 0.09 0.20 0.10 0.05 0.07 0.06 1.12 0.50 0.48 0.45

8.0% 0.6% 5.2% 8.5% 1.1% 0.8% 1.8% 0.9% 0.5% 0.6% 0.5% 9.8% 4.4% 4.3% 3.9%

Marketing

64

70

63

62

Management Fees

486

548

449 834

531 862 108

Utilities

1,133

1,087

Carpeting

233 164 104

192

53 56 78 75 34 38 27

Painting

50

82

Landscaping

135

181

HVAC

81 37 63 57

82 61 86 59

93 48 62 50

Appliances

Plumbing Electrical

Other Repairs and Services

1,141

1,193

10.1%

1,040

996 447 431 397

Insurance

372 736 346

397 783 267

363 613 302

Real Estate Taxes

Other Taxes

Total Expenses

$6,747

$6.91 63.5%

$6,825

$7.19 57.9%

$5,691

$6.73 58.2%

$6,411

$7.20 63.3%

Net Operating Income Before Debt Service & Depreciation

$3,641

$3.72 34.2%

$4,561

$4.84 38.6%

$3,795

$4.53 38.5%

$2,866 $3.23 28.3%

A = Dollars per unit, per year

B = Dollars per square foot, per year

C = Percent of gross potential rent

RubinBrown Apartment Stats 2020

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