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Property Owners & Managers Survey (POMS)
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Table 1.
Multifamily Property Characteristics by Number of Units in Property
Total 50 or
United Less than 5 to 49 more
States 5 units units units
Main reason for acquisition of
property
As residence 28.4% 33.5% 4.7% 0.3%
For income from rents 33.7% 31.9% 42.0% 41.9%
For long-term capital gains 10.3% 8.7% 17.6% 22.5%
Profits last year
Yes, made a profit 41.4% 40.4% 45.9% 45.0%
No, broken even 16.2% 17.2% 12.7% 5.7%
No, had a loss 26.7% 27.9% 22.5% 3.0%
Don't know or not sure 15.7% 14.5% 18.9% 36.3%
Median yearly operating costs $2,300 $2,300 $2,600 $3,300
per unit
Median percent of rental income 14.0% 14.0% 18.0% 18.0%
spent on maintenance
Effect of regulations on operations
Lead-based paint requirements 25.6% 26.5% 21.9% 29.9%
Waste disposal requirements 20.6% 19.5% 23.5% 37.8%
Parking restrictions 38.2% 36.1% 44.5% 63.7%
Rental control or stabilization 14.7% 10.2% 30.5% 37.2%
Local property taxes 96.9% 96.8% 97.7% 93.5%
Type of rent subsidy
Federal Section 8 Certificate 6.7% 6.2% 8.3% 12.9%
Other Federal housing subsidy 1.0% 0.7% 2.2% 4.7%
Other State/local housing subsidy 0.9% 0.8% 1.2% 1.6%
Not familiar with Section 8 48.3% 51.6% 35.5% 22.1%
Main reason for continuing to own
the property
As residence 20.2% 23.5% 4.2% 1.2%
For income from rents 31.8% 30.7% 36.9% 40.3%
For long-term capital gains 6.7% 5.9% 9.8% 19.9%
As retirement security 14.2% 14.4% 14.3% 2.4%
Note: For some items in this table, the percentages are given only for
the top categories and may not add to 100%.
Go to Summary Tables
Contact the Financial and Market Characteristics Branch at 301-763-3199 or visit
ask.census.gov for further information on Property Owners & Managers Survey (POMS) Data.
Source: U.S. Census Bureau, Housing and Household Economic Statistics Division
Last Revised: December 17, 2004
