Single Family Rental History: 1989-2008

EOY 1989 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008
2 Bedroom
Average Rent $312 $337 $385 $442 $497 $522 $534 $540 $543 $542 $547 $559 $572 $586 $597 $611 $628 $656 $681 $716
Total Units 2,404 2,168 1,847 $1,577 1,698 1,763 1,879 2,368 2,227 2,367 2,320 2,321 2,254 2,072 1,979 1,805 1,760 1,635 1,394 1,311
Vacant Units 102 60 88 $69 71 97 117 160 180 170 154 142 162 161 124 116 112 113 76 113
Vacancy Trend 4.24% 2.77% 4.76% 4.38% 4.18% 5.50% 6.23% 6.76% 8.08% 7.18% 6.64% 6.12% 7.19% 7.77% 6.27% 6.43% 6.36% 6.91% 5.45% 8.62%
3 Bedroom
Average Rent $396 $443 $521 $605 $661 $685 $695 $704 $708 $707 $712 $729 $753 $769 $767 $781 $823 $857 $901 $943
Total Units 1,797 1,464 1,298 1,322 1,418 1,456 1,538 1,901 1,818 1,990 1,970 1,957 1,951 1,831 1,768 1,679 1,881 2,018 1,850 1,794
Vacant Units 59 45 59 57 56 105 100 130 134 169 143 111 132 130 115 108 141 181 131 167
Vacancy Trend 3.28% 3.07% 4.55% 4.31% 3.95% 7.21% 6.50% 6.84% 7.37% 8.49% 7.26% 5.67% 6.77% 7.10% 6.50% 6.43% 7.50% 8.97% 7.08% 9.31%
4 Bedroom
Average Rent $470 $531 $630 $725 $778 $804 $813 $826 $850 $837 $831 $867 $883 $892 $883 $902 $957 $990 $1,048 $1,103
Total Units 644 531 513 530 574 578 612 735 725 789 772 776 777 728 681 664 750 796 813 830
Vacant Units 17 16 31 29 33 43 49 49 61 57 61 41 50 46 39 45 60 63 60 81
Vacancy Trend 2.64% 3.01% 6.04% 5.47% 5.75% 7.44% 8.01% 6.67% 8.41% 7.22% 7.90% 5.28% 6.44% 6.32% 5.73% 6.78% 8.00% 7.91% 7.38% 9.76%
5 Bedroom
Average Rent $543 $647 $750 $860 $928 $956 $989 $995 $978 $979 $978 $1,006 $1,035 $1,045 $1,081 $1,101 $1,147 $1,191 $1,219 $1,318
Total Units 108 92 85 87 97 101 106 144 141 168 168 154 164 134 123 118 152 175 191 212
Vacant Units 3 3 3 5 2 6 9 9 13 20 19 13 9 6 7 10 13 15 20 22
Vacancy Trend 2.78% 3.26% 3.53% 5.75% 2.06% 5.94% 8.49% 6.25% 9.22% 11.90% 11.31% 8.44% 5.49% 4.48% 5.69% 8.47% 8.55% 8.57% 10.47% 10.38%
Total Market
Average Rent $368 $404 $474 $556 $612 $636 $647 $654 $662 $661 $665 $682 $702 $716 $719 $737 $780 $821 $871 $922
Total Units 4,953 4,255 3,743 3,516 3,787 3,898 4,135 5,148 4,911 5,314 5,230 5,208 5,146 4,765 4,551 4,266 4,543 4,624 4,248 4,147
Vacant Units 181 124 181 160 162 251 275 348 388 416 377 307 353 343 285 279 326 372 287 383
Vacancy Trend 3.65% 2.91% 4.84% 4.55% 4.28% 6.44% 6.65% 6.76% 7.90% 7.83% 7.21% 5.89% 6.86% 7.20% 6.26% 6.54% 7.18% 8.04% 6.76% 9.24%