Businessweek article, entitled “Apartment Nation: Trend to Multi-Family Housing Continues,” reported that construction of multi-family units is growing more quickly than construction of single-family homes. That’s good news for the multi-family housing industry. According to the National Multi Housing Council (NMHC), the industry broke ground on 167,000 units last year, barely half of the 300,000 units necessary annually just to meet anticipated demand.

So now that we know demand is up, the question is: how can an apartment community compete with those expanding around it.

The answer can be found online. Target demographics for the multi-family housing industry search apartments online now more than ever. Therefore, the best option for a multi-family housing community is to have a comprehensive internet marketing strategy.

The statistics below show that the target demographics for multi-family housing communities are also the most active online :

  • People under 30. Of all of the age brackets, people under 30 has the largest percentage of renters, at 42% or 53.2 million.  (Source: NMHC )

The same demographic, those under 3o, is also the most active on social networking sites, at 86%.

 

social networking sites users

 

  • Single women. Single women make up the largest percentage of apartment residents, at 27%.
female demographic

 

Women also lead when it comes to the use of social networking sites, with 71% using. Females also log in more often and share more content, according to The Pew Research Center.

 

Pew Women Demographic


  • People in cities. A higher percentage of residents rent in metropolitan areas. According to NMHC, the locations with the highest percentage of residents renting are New York (67.9%), Boston (67.5%) and San Francisco (63.4%). Urban areas also have more home access to mobile broadband and other internet services than rural areas, according to a Pew Research Study.
Pew

 

The key demographics for apartment communities are highly active online, and content and social media marketing helps reach them by:

  • Driving more online traffic
  • Attracting new residents
  • Generating more quality leads and sales
  • Engaging consumers to increase loyalty

 

To find out how to connect your apartment community online with your target demographic, get a free consultation with DigitalSherpa by clicking here.

 

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Featured image via sxc

About DigitalSherpa


Affordable Content Marketing and Social Media Marketing For Businesses. The Internet is the largest marketplace in the world, so it's never been more important for a business to be found online. With DigitalSherpa's Internet marketing solutions, you will attract and engage prospects, create leads, and drive new Web traffic.


Comments

  • Thank you Jordan for your article. Along with using online tools for marketing, do you see value in using online tools for communication to residents for such things as retention and enhance living in their communities?

    And, yes this is a little leading as I am creating a community program here in Orange County as part of Orange County Fire Authority’s fire prevention efforts.

    • Jordan Barkin

      Thank you for your thoughts William. Social media certainly helps with resident retention in multi-family communities by giving residents a place to meet, share ideas, and be heard.


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