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. 


Staff Resource