RubinBrown Apartment Stats 2023

RubinBrown is pleased to present the 2023 Apartment Statistical Analysis, an annual survey compiled by the Real Estate Services Group. Each year, data is collected from our clients, as well as other contacts and referrals within the industry, to comprise averages in a variety of markets within the United States. The accompanying statistical information includes operational data for 2022 and represents approximately 1,100 apartment projects in roughly 40 states. While these averages are representative of a smaller pool of projects, the trends are usually consistent with those experienced at the national level. If you have questions about the content of this publication, please contact us (see page 17 for contact information).

Contents 1

Executive Summary

3 4 8

Comparison of Operations

Government Assisted

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Government Assisted by Region

10 12 14 16

Government Assisted by Project Size

Low Income Tax Credit Projects

Disclaimer: Apartment Stats, a publication of RubinBrown LLP, is designed to provide general information regarding the subject matter covered. Although prepared by professionals, its content should not be construed as the rendering of advice regarding specific situations. If accounting, legal, or other expert assistance is needed, consult with your professional business advisor. Please call RubinBrown with any questions.

Market Rate

RubinBrown Real Estate Services Group

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