RubinBrown Apartment Stats 2023

AVERAGE MONTHLY RENT PER UNIT

2019

2018

$1,383

$1,400

12

33

164

198

$1,300

$1,206

$1,191

$1,200

$1,102

$1,092

$1,092

$1,383

$1,100

1,087

835

4.19

4.03

$1,000

$900

98.7%

89.5%

2022

2021

2020

2019

2018

45.9%

50.3%

ECONOMIC OCCUPANCY

A

B

C

A

B

C

100%

90%

$13,101

$12.05 (0.16) (0.02) (0.04)

100.0%

$16,598

$19.88 (2.09) (0.24) (0.10)

100.0% -10.5% -1.2% -0.5% 87.8%

80%

(172)

-1.3% -0.2% -0.3% 98.2%

(1,746)

70%

(24) (42)

(201)

60%

(81)

12,863

11.83

14,570

17.45

50%

198

0.18

1.5%

1,123

1.34

6.8%

40%

$13,061

$12.01

99.7%

$15,693

$18.79

94.5%

30%

20%

10%

$1,319

$1.21

10.1%

$934

$1.12

5.6% 4.7% 1.8% 3.9% 5.3%

0%

92.1% 96.8%

90.0% 96.5%

89.1% 98.6%

90.8% 98.7%

88.6% 89.5%

318 266 549

0.29 0.24 0.50 0.96

2.4% 2.0% 4.2% 8.0%

788 301 648 883

0.94 0.36 0.78 1.06

2022

2021

2020

2019

2018

1,046

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

1,979

1.82

15.1%

1,791

2.15

10.8%

392

0.36 1.06 0.05

3.0% 8.8% 0.4%

325

0.39 2.24 0.30

2.0%

$5.65 $13.31

1,152

1,871

11.3%

2022

51

254

1.5%

$6.03 $13.15

2021

$7,072

$6.49

54.0%

$7,795

$9.34

47.0%

$5.50 $12.17

2020

$5,989

$5.52

45.7%

$7,898

$9.45

47.6%

$5.52 $12.05

2019

$9.45 $19.88

2018

NET OPERATING INCOME

GROSS POTENTIAL RENT

Market Rate

15