RubinBrown Apartment Stats 2025

GOVERNMENT ASSISTED BY PROJECT SIZE BY PROJECT SIZE

OVER 200 UNITS

0-50 UNITS

51-100 UNITS

101-150 UNITS

151-200 UNITS

Total Number of Projects

57

83

71

27

20

Average Project Age In Years Average Number of Units

14.55

17.05

17.87

18.31

18.25

36

80

121

174

275

Averages Per Unit: Monthly Rent

$1,282

$1,173

$1,064

$1,121

$1,062

Square Feet

1,015

895

866

861

975

Rooms

5.07

4.29

3.93

4.25

4.34

Economic Occupancy

90.3%

90.4%

88.9%

90.2%

91.0%

Net Operating Income Before Debt Service & Depreciation as a Percentage of Total Income

22.7%

28.2%

26.8%

20.9%

28.7%

A B

A B

A B

A B

A B

REVENUES Gross Potential Rent Less: Vacancy Loss

$15,381 $15.16 (1,499) (1.48) (408) (0.40) (185) (0.18)

$14,082 $15.73 (1,357) (1.52) (392) (0.44) (243) (0.27)

$12,765 $14.75 (1,423) (1.64) (365) (0.42) (363) (0.42)

$13,446 $15.62 (1,318) (1.53) (555) (0.64) (440) (0.51)

$12,749 $13.08 (1,148) (1.18) (328) (0.34) (213) (0.22)

Collection Loss

Concession Loss

Rent Collected

13,290

13.10

12,090

13.51

10,613

12.26

11,133

12.94

11,060

11.35

Other Income

851

0.84

694

0.78

567

0.66

465

0.54

433

0.44

Total Income

$14,141 $13.93

$12,784 $14.27

$11,181 $12.92

$11,598 $13.48

$11,493 $11.79

EXPENSES Salaries and Personnel

$1,849

$1.82

$1,617

$1.81

$1,395

$1.61

$1,631

$1.90

$1,477

$1.52

Administrative

1,177

1.16 0.05 0.73 1.23 0.09 0.12 0.34 0.10 0.05 0.09 0.07 2.02 1.75 0.76 0.39

1,125

1.26 0.06 0.72 1.44 0.11 0.08 0.19 0.15 0.06 0.11 0.07 1.72 1.31 0.73 0.45

867

1.00 0.04 0.64 1.59 0.14 0.09 0.18 0.09 0.07 0.11 0.05 1.54 1.15 0.70 0.45

1,180

1.37 0.06 0.67 1.63 0.16 0.13 0.22 0.13 0.10 0.09 0.02 1.75 1.29 0.76 0.39

655

0.67 0.04 0.59 1.18 0.08 0.05 0.14 0.13 0.03 0.04 0.05 1.69 1.06 0.78 0.37

Marketing

46

57

32

50

39

Management Fees

741

642

551

580

571

Utilities

1,246

1,288

1,379

1,406

1,146

Carpeting

89

102

124

134 115 187 110

79 50

Painting

119 344 106

74

81

Landscaping

171 130

158

133 124

HVAC

74 62 93 41

Appliances

54 91 72

50 95 67

82 77 19

28 43 45

Plumbing Electrical

Other Repairs and Services

2,045 1,775

1,543 1,169

1,331

1,504 1,106

1,647 1,034

Insurance

995 610 388

Real Estate Taxes

774 397

654 400

658 336

761 356

Other Taxes

Total Expenses

$10.77

$9,183 $10.25

$8,180

$9.45

$9,176 $10.66

$8,189

$8.40

$10,926

Net Operating Income Before Debt Service and Depreciation

$3,216

$3.17

$3,601

$4.02

$3,001

$3.47

$2,423

$2.82

$3,303

$3.39

Capital Expenditures

$878

$0.86

$940

$0.93

$739

$0.73

$850

$0.84

$777

$0.77

A = Dollars per unit, per year

B = Dollars per square foot, per year

2025 APARTMENT STATS | 10