| 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 |
$84.07 |
$1,157.24 |
| 2001 |
16,084,454 |
$87.38 |
$1,221.39 |
| 2002 |
16,337,371 |
$85.75 |
$1,221.59 |
| 2003 |
16,669,311 |
$89.24 |
$1,307.64 |
| 2004 |
17,238,318 |
$98.56 |
$1,493.39 |
| 2005 |
17,507,971 |
$113.51 |
$1,742.91 |
| 2006 |
17,478,270 |
$122.96 |
$1,886.98 |
| 2007 |
17,477,204 |
$124.84 |
$1,920.03 |
| 2008 |
17,504,773 |
$121.49 |
$1,886.41 |
| 2009 |
17,656,777 |
$104.40 |
$1,638.79 |
| 2010 |
17,933,218 |
$107.69 |
$1,722.59 |
| 2011 |
18,140,548 |
$119.60 |
$1,935.22 |
| 2012 |
18,140,548 |
$128.14 |
$2,073.41 |
| 2013 |
18,859,414 |
$134.75 |
$2,269.36 |
| 2014 |
19,290,598 |
$153.19 |
$2,644.78 |
| 2015 |
19,688,276 |
$172.20 |
$3,037.72 |
| 2016 |
20,052,966 |
$186.88 |
$3,357.68 |
| 2017 |
20,584,150 |
$200.38 |
$3,695.69 |
| 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.
