RubinBrown Apartment Stats 2024

AVERAGE MONTHLY RENT PER UNIT

2020

2019

$1,400

10

12

$1,298

164

164

$1,300

$1,206

$1,191

$1,200

$1,102

$1,092

$1,102

$1,092

$1,100

1,087

1,087

4.19

4.19

$1,000

$900

98.6%

98.7%

2023

2022

2021

2020

2019

45.0%

45.9%

ECONOMIC OCCUPANCY

A

B

C

A

B

C

100%

90%

$13,227

$12.17 (0.17) (0.01) (0.03)

100.0%

$13,101

$12.05 (0.16) (0.02) (0.04)

100.0%

80%

(188)

-1.4% -0.1% -0.3% 98.2%

(172)

-1.3% -0.2% -0.3% 98.2%

70%

(15) (34)

(24) (42)

60%

12,990

11.96

12,863

11.83

50%

205

0.19

1.6%

198

0.18

1.5%

40%

$13,195

$12.15

99.8%

$13,061

$12.01

99.7%

30%

20%

10%

$1,264

$1.16

9.6% 3.1% 2.1% 4.3% 8.1%

$1,319

$1.21

10.1%

0%

88.6% 98.7%

92.1% 95.0%

90.0% 96.8%

89.1% 96.5%

90.8% 98.6%

407 271 570

0.37 0.25 0.52 0.98

318 266 549

0.29 0.24 0.50 0.96

2.4% 2.0% 4.2% 8.0%

2020

2019

2023

2022

2021

1,065

1,046

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

1,866

1.72

14.1%

1,979

1.82

15.1%

434

0.40 1.12 0.14

3.3% 9.2% 1.2%

392

0.36 1.06 0.05

3.0% 8.8% 0.4%

$5.37 $14.33

1,221

1,152

2023

157

51

$5.65 $13.31

2022

$7,254

$6.65

55.0%

$7,072

$6.49

54.0%

$6.03 $13.15

2021

$5,941

$5.50

44.8%

$5,989

$5.52

45.7%

$5.50 $12.17

2020

$5.52 $12.05

2019

NET OPERATING INCOME

GROSS POTENTIAL RENT

Market Rate

15