RubinBrown Apartment Stats 2021

AVERAGE MONTHLY RENT PER UNIT

2017

2016

$984

$1,000

597

466 111

107

$858

$900

$833

$812

$771

$800

$771

$812

$700

929

885

4.48

4.48

$600

$500

93.2%

92.6%

2020

2019

2018

2017

2016

34.8%

36.6%

ECONOMIC OCCUPANCY

A

B

C

A

B

C

100%

90%

$9,253

$9.96

100.0%

$9,748

$11.01 (0.81) (0.14) (0.10)

100.0%

80%

(633) (117)

(0.68) (0.13) (0.04)

-6.8% -1.3% -0.4% 91.5%

(717) (128)

-7.4% -1.3% -0.9% 90.4%

70%

(41)

(87)

60%

8,462

9.11 0.78

8,816

9.96 0.80

50%

723

7.8%

707

7.2%

40%

$9,185

$9.89

99.3%

$9,523

$10.76

97.7%

30%

20%

10%

$1,084

$1.17

11.7%

$1,086

$1.23

11.1%

0%

92.2%

92.6%

92.9%

92.7%

93.2%

750

0.81 0.09 0.50 0.95

8.1% 0.9% 5.0% 9.6%

570

0.64 0.09 0.55 1.01

5.9% 0.8% 5.0% 9.1%

2020

2019

2018

2017

2016

80

77

466 885

490 892

GROSS POTENTIAL RENT V.S. NET OPERATING INCOME PER SQUARE FOOT

1,467

1.58

15.9%

1,637

1.85

16.8%

329 621 311

0.35 0.67 0.33

3.6% 6.7% 3.4%

362 624 296

0.41 0.71 0.33

3.7% 6.4% 3.0%

$5.15 $12.84

2020

$4.29 $11.55

2019

$5,993

$6.45

64.9%

$6,034

$6.82

61.9%

$3.73 $10.95

2018

$3,192

$3.44

34.4%

$3,489

$3.94

35.8%

$3.44 $9.96

2017

$3.94 $11.01

2016

NET OPERATING INCOME

GROSS POTENTIAL RENT

Low Income Tax Credit Projects

13