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Property Owners & Managers Survey (POMS)
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Table 2.
Characteristics of Owners of Multifamily Properties by
Number of Units in Property
Total 50 or
United Less than 5 to 49 more
States 5 units units units
Type of owner
Individual investors, husband/wife 86.3% 89.9% 74.4% 30.6%
Trustee for estate 2.0% 1.9% 2.6% 1.0%
Limited partnership 2.8% 1.7% 5.5% 25.4%
General partnership 2.9% 2.2% 5.2% 12.9%
Real estate investment trust (REIT) 0.7% 0.6% 1.2% 2.6%
Real estate corporation 1.6% 1.0% 3.7% 10.9%
Other corporation 1.3% 0.9% 3.0% 5.7%
Non-profit/church-related institution 0.7% 0.3% 2.0% 6.1%
Age of owner
Less than 45 years 23.4% 24.0% 19.8% 12.2%
45 to 54 years 25.4% 25.1% 27.3% 28.1%
55 to 64 years 23.5% 23.0% 26.1% 28.5%
65 years or older 27.8% 27.9% 26.9% 31.2%
Race of owner
White 85.2% 84.6% 88.0% 93.5%
Black or African American 8.4% 9.2% 4.3% 1.5%
Asian or Pacific Islander 3.8% 3.6% 5.1% 3.3%
Spanish/Hispanic origin of owner 5.8% 5.9% 5.6% 1.8%
Owner residence on this property 24.2% 26.8% 10.3% 3.2%
Owner weekly contribution to
maintenance/management
Less than 1 hour a week 34.3% 35.9% 24.0% 46.8%
1 to 8 hours per week 45.2% 46.4% 39.9% 20.5%
More than 8 hours per week 20.5% 17.7% 36.2% 32.7%
Owner would not buy property again 31.9% 32.2% 32.7% 13.3%
Other type of work of owner
None 23.4% 24.0% 20.6% 13.2%
Other 76.6% 76.0% 79.4% 86.8%
Executive/managerial/admin 15.5% 14.7% 18.3% 35.5%
Owner owns 1 rental property 48.0% 51.6% 29.7% 15.0%
Median percentage income earned 31.0% 29.0% 43.0% 64.0%
from ownership of all rental properties
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
