RubinBrown Apartment Stats 2021

GOVERNMENT ASSISTED BY REGION

North

East/Northeast

Midwest

South/Southeast

Total Number of Projects

33

93

579

80

Average Project Age In Years Average Number of Units

12.94

12.30

9.95

8.81

103

118

108

101

Averages Per Unit: Monthly Rent

$1,165

$1,185

$855

$1,111

Square Feet

941

940

845

1,005

Rooms

4.32

4.72

4.34

5.40

Economic Occupancy

91.2%

92.2%

92.8%

93.5%

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

42.4%

43.9%

39.2%

41.9%

A

B

C

A

B

C

A

B

C

A

B

C

Revenues Gross Potential Rent Less: Vacancy Loss

13,976

14.85 100.0%

14,223

15.14 100.0%

10,262

12.15 100.0%

13,337

13.27 100.0%

(1,233) (1.31) (270) (0.29) (59) (0.06)

-8.8% -1.9% -0.4% 88.9%

(1,109) (1.18) (163) (0.17) (31) (0.03)

-7.8% -1.1% -0.2% 90.9%

(736) (0.87) (132) (0.16) (65) (0.08)

-7.2% -1.3% -0.6% 90.9%

(867) (0.86) (192) (0.19) (78) (0.08)

-6.5% -1.4% -0.6% 91.5%

Collection Loss

Concession Loss

Rent Collected

12,414

13.19

12,920

13.76

9,329

11.04

12,200

12.14

932

0.99

6.7%

403

0.43

2.8%

397

0.47

3.9%

375

0.37

2.8%

Other Income

$9,726 $11.51

94.8% $12,575 $12.51

94.3%

$13,346 $14.18

95.6% $13,323 $14.19

93.7%

Total Income

Expenses Salaries and Personnel

1,326

1.41 1.03 0.11 0.58 1.25 0.15 0.08 0.12 0.10 0.02 0.05 0.14 1.26 0.46 0.94 0.48

9.5% 7.0% 0.7% 3.9% 8.4% 1.0% 0.6% 0.8% 0.6% 0.1% 0.4% 0.9% 8.5% 3.1% 6.3% 3.2%

1,294

1.38 1.03 0.10 0.65 1.22 0.12 0.06 0.13 0.09 0.04 0.07 0.07 1.13 0.42 1.07 0.37

9.1% 6.8% 0.6% 4.3% 8.0% 0.8% 0.4% 0.9% 0.6% 0.3% 0.4% 0.5% 7.5% 2.8% 7.1% 2.5%

1,084

1.28 0.87 0.08 0.58 0.99 0.05 0.07 0.10 0.07 0.03 0.05 0.05 1.10 0.44 0.87 0.37

10.6%

1,395

1.39 0.81 0.10 0.59 1.02 0.12 0.13 0.18 0.12 0.06 0.08 0.06 0.98 0.59 0.67 0.35

10.5%

Administrative

971 100 543

972

734

7.2% 0.7% 4.8% 8.1% 0.4% 0.6% 0.8% 0.6% 0.3% 0.4% 0.4% 9.0% 3.6% 7.1% 3.0%

817 105 596 122 128 179 124

6.1% 0.8% 4.5% 7.7% 0.9% 1.0% 1.3% 0.9% 0.4% 0.6% 0.5% 7.4% 4.5% 5.0% 2.7%

Marketing

90

71

Management Fees

607

492 832

Utilities

1,180

1,144

1,027

Carpeting

140

110

41 61 82 62 27 44 38

Painting

79

57

Landscaping

111

123

HVAC

90 20 49

89 42 63 66

Appliances

57 85 64

Plumbing Electrical

132

Other Repairs and Services

1,183

1,066

927 373 732 311

989 594 669 353

Insurance

436 880 451

393

Real Estate Taxes

1,005

349

Other Taxes

Total Expenses

$7,691

$8.18 55.0%

$7,470

$7.95 52.5%

$5,911

$7.00

57.6%

$7,304

$7.25 54.8%

Net Operating Income Before Debt Service & Depreciation

$5,655

$6.00 40.6%

$5,853

$6.22 41.2%

$3,815

$4.51 37.2%

$5,271

$5.26 39.5%

A = Dollars per unit, per year

B = Dollars per square foot, per year

C = Percent of gross potential rent

RubinBrown Apartment Stats 2021

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