RubinBrown Apartment Stats 2024

AVERAGE MONTHLY RENT PER UNIT

2020

2019

$1,294

$1,300

902

787

$1,155

109

108

$1,200

$1,077

$1,100

$834 $978

$978

$865

$1,000

907

910

$865

$900

4.48

4.47

$800

92.8%

92.1%

2023

2022

2021

2020

2019

41.8%

38.8%

ECONOMIC OCCUPANCY

100%

A

B

C

A

B

C

90%

80%

$11,740

$12.94 (0.93) (0.18) (0.07)

100.0%

$10,354

$11.38 (0.90) (0.14) (0.06)

100.0%

70%

(844) (164)

-7.2% -1.4% -0.5% 90.9%

(822) (126)

-7.9% -1.2% -0.5% 90.4%

60%

(62)

(55)

50%

10,670

11.76

9,351

10.28

40%

450

0.50

3.8%

611

0.67

5.9%

30%

$11,120

$12.26

94.7%

$9,962

$10.95

96.3%

20%

10%

0%

$1,178

$1.30

10.0%

$1,143

$1.26

11.0%

92.0%

92.4%

93.0%

92.8%

92.1%

789

0.87 0.09 0.59 1.03

6.7% 0.7% 4.6% 8.0%

624

0.69 0.07 0.54 1.01

6.0% 0.6% 4.7% 8.8%

2023

2022

2021

2020

2019

77

66

539 937

487 915

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

1,441

1.59

12.3%

1,545

1.70

14.9%

426 753 328

0.47 0.83 0.36

3.6% 6.4% 2.8%

403 599 313

0.44 0.66 0.34

3.9% 5.8% 3.0%

$6.34 $18.16

2023

$5.40 $15.38

2022

$6,468

$7.13

55.1%

$6,095

$6.70

58.7%

$5.70 $14.28

2021

$4,652

$5.13

39.6%

$3,867

$4.25

37.6%

$5.13 $12.94

2020

$4.25 $11.38

2019

GROSS POTENTIAL RENT

NET OPERATING INCOME

Government Assisted

5