This handout outlines the County's effort to pursue opportunities to preserve and create affordable housing.
Multi-family Rental Stock
The County conducts an Annual Rent and Vacancy Survey.
| Multi-family Rental Stock | ||||||
| Efficiency | 1-Bedroom | 2-Bedroom | 3-Bedroom | 4-Bedroom | Total | |
| 2011 | 4,229 | 23,560 | 14,038 | 1,708 | 20 | 43,555 |
| 2010 | 4,127 | 23,101 | 13,516 | 1,523 | 19 | 42,286 |
| 2009 | 4,090 | 22,698 | 13,247 | 1,497 | 16 | 41,548 |
| 2008 | 4,055 | 22,398 | 13,018 | 1,582 | 17 | 41,070 |
| 2007 | 3,924 | 21,779 | 12,693 | 1,576 | 17 | 39,989 |
| 2006 | 3,883 | 21,576 | 12,570 | 1,572 | 17 | 39,618 |
| 2005 | 4,126 | 22,918 | 13,446 | 1,599 | 17 | 42,106 |
| 2004 | 4,069 | 22,558 | 12,962 | 1,579 | 17 | 41,185 |
| 2003 | 4,072 | 22,770 | 13,097 | 1,599 | 17 | 41,532 |
The County-wide average rent increased by $26 per month to $1,768, an increase of 2% over the 2010 average of $1,742. The average rent for elevator building units increased 2% and the average rent for all garden apartments units also increased by 2%.
| Average Rents – All Apartments | ||||||||||
| Year | Efficiency | 1-Bedroom | 2-Bedroom | 3-Bedroom | Total | |||||
| 2010 | $1,337 | 4% | $1,615 | 4% | $2,063 | 1% | $2,427 | -9% | $1,768 | 2% |
| 2010 | $1,290 | 1% | $1,546 | 1% | $2,036 | 2% | $2,660 | 3% | $1,742 | 2% |
| 2009 | $1,277 | 1% | $1,524 | 4% | $1,997 | 3% | $2,583 | 6% | $1,711 | 4% |
| 2008 | $1,261 | 6% | $1,465 | 4% | $1,934 | 3% | $2,421 | 6% | $1,648 | 5% |
| 2007 | $1,191 | 6% | $1,407 | 6% | $1,874 | 10% | $2,278 | 5% | $1,576 | 6% |
| 2006 | $1,123 | 9% | $1,332 | 8% | $1,708 | 6% | $2,160 | 12% | $1,480 | 3% |
| 2005 | $1,027 | 6% | $1,231 | 4% | $1,606 | 6% | $1,929 | 7% | $1,432 | 5% |
| 2004 | $972 | -8% | $1,182 | -3% | $1,513 | -3% | $1,808 | -4% | $1,311 | -3% |
| 2003 | $1,053 | 6% | $1,223 | 2% | $1,567 | 6% | $1,882 | 3% | $1,358 | 6% |
| Average Rents – Garden Apartments | ||||||||||
| Year | Efficiency | 1-Bedroom | 2-Bedroom | 3-Bedroom | Total | |||||
| 2010 | $1,007 | -4% | $1,203 | -0.1% | $1,507 | -0.7% | $1,997 | 18% | $1,352 | 0.1% |
| 2009 | $1,046 | 6% | $1,204 | 6% | $1,518 | 6% | $1,697 | 4% | $1,351 | 6% |
| 2008 | $986 | 4% | $1,132 | 3% | $1,423 | -0.2% | $1,628 | -5% | $1,264 | 1.5% |
| 2007 | $951 | 7% | $1,104 | 6% | $1,426 | 8% | $1,719 | 7% | $1,245 | 7% |
| 2006 | $888 | 18% | $1,038 | 7% | $1,317 | 3% | $1,602 | 8% | $1,168 | 5.50% |
| 2005 | $753 | -8% | $970 | 5% | $1,282 | 11% | $1,476 | 4% | $1,107 | 7% |
| 2004 | $816 | 10% | $928 | 4% | $1,158 | 2% | $1,417 | 0% | $1,034 | 3% |
| 2003 | $738 | -4% | $890 | -2% | $1,131 | 2% | $1,415 | 0% | $1,005 | 0% |
| Average Rents – Elevator Apartments | ||||||||||
| Year | Efficiency | 1-Bedroom | 2-Bedroom | 3-Bedroom | Total | |||||
| 2010 | $1,337 | 2% | $1,705 | 2% | $2,348 | 1% | $2,971 | 0.5% | $1,918 | 2% |
| 2009 | $1,314 | 0% | $1,677 | 2% | $2,314 | 2% | $2,958 | 0% | $1,883 | 2% |
| 2008 | $1,308 | 6% | $1,644 | 6% | $2,268 | 6% | $2,963 | 17% | $1,844 | 7% |
| 2007 | $1,231 | 6% | $1,555 | 5% | $2,145 | 9% | $2,542 | 3% | $1,727 | 6% |
| 2006 | $1,159 | 9% | $1,474 | 6% | $1,975 | 6% | $2,471 | 10% | $1,628 | 7% |
| 2005 | $1,067 | 6% | $1,387 | 1% | $1,855 | 1% | $2,253 | 1% | $1,525 | 2% |
| 2004 | $1,002 | -8% | $1,375 | -1% | $1,845 | -1% | $2,226 | 0.10% | $1,500 | -2% |
| 2003 | $1,091 | 6% | $1,391 | 2% | $1,870 | 5% | $2,224 | 1% | $1,531 | 5% |