RubinBrown Apartment Stats 2023

AVERAGE MONTHLY RENT PER UNIT

2019

2018

$1,300

787

736

$1,155

$1,200

$1,077

108

107

$1,100

$834

$978

$1,000

$865

$834

$865

$834

$900

910

908

4.47

4.48

$800

2022

2021

2020

2019

2018

92.1%

92.0%

38.8%

34.9%

ECONOMIC OCCUPANCY

100%

A

B

C

A

B

C

90%

80%

$10,354

$11.38 (0.90) (0.14) (0.06)

100.0%

$10,010

$11.02 (0.88) (0.15) (0.07)

100.0%

70%

(822) (126)

-7.9% -1.2% -0.5% 90.4%

(801) (137)

-8.0% -1.4% -0.7% 89.9%

60%

(55)

(68)

50%

9,351

10.28

9,004

9.92 0.73

40%

611

0.67

5.9%

667

6.7%

30%

$9,962

$10.95

96.3%

$9,671

$10.65

96.6%

20%

10%

0%

92.4%

93.0%

92.0%

92.8%

92.1%

$1,143

$1.26

11.0%

$1,117

$1.23

11.2%

624

0.69 0.07 0.54 1.01

6.0% 0.6% 4.7% 8.8%

735

0.81 0.09 0.54 1.02

7.3% 0.8% 4.9% 9.3%

2022

2021

2020

2019

2018

66

82

487 915

494 928

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

1,545

1.70

14.9%

1,595

1.75

15.9%

$5.40 $15.38

403 599 313

0.44 0.66 0.34

3.9% 5.8% 3.0%

360 703 283

0.40 0.77 0.31

3.6% 7.0% 2.8%

2022

$5.70 $14.28

2021

$5.13 $12.94

$6,095

$6.70

58.7%

$6,297

$6.93

62.9%

2020

$4.25 $11.38

2019

$3,867

$4.25

37.6%

$3,374

$3.72

33.7%

$3.72 $11.02

2018

GROSS POTENTIAL RENT

NET OPERATING INCOME

Government Assisted

5