Occupied Apartment Stock and Value
Year Stock
Value per Sq Ft. Value (Billions)
1990 15,177,249 $45.03 $591.83
1991 15,108,267 $41.97 $549.09
1992 15,280,847 $41.38 $547.65
1993 15,410,282 $42.99 $573.78
1994 15,537,903 $46.42 $624.66
1995 15,640,000 $50.42 $682.88
1996 15,717,098 $54.23 $738.08
1997 15,794,195 $58.66 $802.36
1998 15,731,628 $64.76 $882.26
1999 15,726,768 $68.36 $931.04
2000 15,895,029 $94.32 $1,298.30
2001 16,084,454 $94.27 $1,317.62
2002 16,337,371 $93.93 $1,338.14
2003 16,669,311 $97.36 $1,426.58
2004 17,238,318 $107.71 $1,632.06
2005 17,507,971 $124.67 $1,914.25
2006 17,478,270 $132.31 $2,030.47
2007 17,477,204 $136.90 $2,105.53
2008 17,504,773 $131.34 $2,039.35
2009 17,656,777 $114.07 $1,790.56
2010 17,933,218 $118.41 $1,894.20
2011 18,140,548 $130.95 $2,118.99
2012 18,140,548 $139.87 $2,263.22
2013 18,859,414 $146.12 $2,460.92
2014 19,290,598 $164.15 $2,834.03
2015 19,688,276 $184.53 $3,255.28
2016 20,052,447 $200.73 $3,606.46
Sources: NMHC, MPF Research, NREI, U.S. Census Bureau, IREM, RCG

 

For more information, contact NMHC's Chief Economist, Mark Obrinsky at mobrinsky@nmhc.org.