RubinBrown Apartment Stats 2023

AVERAGE MONTHLY RENT PER UNIT

2019

2018

$1,300

666

595

$1,166

107

109

$1,200

$1,084

$1,100

$858

$833

$984

$1,000

908

913

$858

4.49

4.47

$900

$833

$800

92.2%

92.7%

2022

2021

2020

2019

2018

38.6%

35.0%

ECONOMIC OCCUPANCY

A

B

C

A

B

C

100%

90%

$10,483

$11.55 (0.90) (0.14) (0.07)

100.0%

$9,996

$10.95 (0.80) (0.15) (0.08)

100.0%

80%

(819) (125)

-7.8% -1.2% -0.6% 90.4%

(732) (134)

-7.3% -1.3% -0.7% 90.6%

70%

(62)

(74)

60%

9,477

10.44

9,056

9.92 0.72

50%

593

0.65

5.7%

655

6.6%

40%

$10,070

$11.09

96.1%

$9,711

$10.64

97.2%

30%

20%

10%

$1,148

$1.26

11.0%

$1,104

$1.21

11.0%

0%

92.2%

93.1%

92.9%

92.5%

92.7%

622

0.69 0.08 0.54 1.02

5.9% 0.7% 4.7% 8.8%

700

0.77 0.10 0.55 1.01

7.0% 0.9% 5.0% 9.2%

2022

2021

2020

2019

2018

72

89

493 921

499 924

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

1,563

1.72

14.9%

1,591

1.74

15.9%

411 630 322

0.45 0.69 0.35

3.9% 6.0% 3.1%

364 756 286

0.40 0.83 0.31

3.6% 7.6% 2.9%

$5.51 $15.34

2022

$5.70 $14.19

2021

$6,182

$6.80

59.0%

$6,313

$6.91

63.2%

$5.15 $12.84

2020

$3,888

$4.29

37.1%

$3,398

$3.73

34.0%

$4.29 $11.55

2019

$3.73 $10.95

2018

GROSS POTENTIAL RENT

NET OPERATING INCOME

Low Income Tax Credit Projects

13