RubinBrown Apartment Stats 2024

AVERAGE MONTHLY RENT PER UNIT

2020

2019

$1,298

$1,300

808

666

$1,166

110

107

$1,200

$1,084

$1,100

$984

$858

$984

$1,000

920

908

$858

4.48

4.49

$900

$833

$800

92.9%

92.2%

2023

2022

2021

2020

2019

42.3%

38.6%

ECONOMIC OCCUPANCY

A

B

C

A

B

C

100%

90%

$11,804

$12.84 (0.92) (0.17) (0.07)

100.0%

$10,483

$11.55 (0.90) (0.14) (0.07)

100.0%

80%

(843) (160)

-7.1% -1.4% -0.5% 91.0%

(819) (125)

-7.8% -1.2% -0.6% 90.4%

70%

(64)

(62)

60%

10,737

11.68

9,477

10.44

50%

456

0.50

3.9%

593

0.65

5.7%

40%

$11,193

$12.18

94.9%

$10,070

$11.09

96.1%

30%

20%

10%

$1,173

$1.28

9.9% 6.7% 0.7% 4.6% 7.9%

$1,148

$1.26

11.0%

0%

92.2%

92.0%

93.1%

92.9%

92.5%

796

0.87 0.09 0.59 1.02

622

0.69 0.08 0.54 1.02

5.9% 0.7% 4.7% 8.8%

2023

2022

2021

2020

2019

82

72

538 935

493 921

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

1,411

1.53

12.0%

1,563

1.72

14.9%

419 776 325

0.46 0.84 0.35

3.6% 6.6% 2.8%

411 630 322

0.45 0.69 0.35

3.9% 6.0% 3.1%

$6.07 $18.02

2023

$5.51 $15.34

2022

$6,455

$7.03

54.8%

$6,182

$6.80

59.0%

$5.70 $14.19

2021

$4,738

$5.15

40.1%

$3,888

$4.29

37.1%

$5.15 $12.84

2020

$4.29 $11.55

2019

GROSS POTENTIAL RENT

NET OPERATING INCOME

Low Income Tax Credit Projects

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