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Residential Finance Survey - Detailed Regional Tables: 2001

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Residential Finance Survey: 2001 - United States
Table 4-8. Total Outstanding Debt as Percent of Value, Rental and Vacant 1-Housing-Unit Mortgaged Properties
^Number of mortgaged properties in thousands.
For information on confidentiality protection, sampling error, nonsampling error, and definitions, see text.
For minimum base of derived figures (percent, median, etc.) and meaning of symbols, see text.
Monthly Rental Receipts, Rental Receipts as Percent of Value, and Rental Vacancy Losses as Percent of Potential Receipts acquired before 2000 exclude properties with less than half of units in rental market during all of the year preceding the survey and cooperatively owned apartments^^

Total outstanding debt as percent
of value
Total Less than
20 percent		 20 to 29
percent		 30 to 39
percent		 40 to 49
percent		 50 to 59
percent		 60 to 69
percent		 70 to 79
percent		 80 to 89
percent		 90 to 99
percent		 100
percent
or more		 Not
reported		 Median

1-housing-unit properties with a
traditional first mortgage		 4129 260 276 314 526 758 416 621 387 211 269 90 58

PROPERTY CHARACTERISTICS


Year Property Acquired

1999 to 2001 (part)		 1069 32 40 53 74 177 136 228 122 104 80 23 70
1997 and 1998 647 14 23 20 69 125 96 127 90 36 40 7 67
1995 and 1996 509 0 29 29 84 94 51 54 83 32 49 5 63
1990 to 1994 720 33 34 69 80 171 66 135 34 21 55 22 58
1985 to 1989 575 54 78 90 102 99 44 44 29 0 20 13 46
1980 to 1984 227 24 19 25 71 38 6 13 12 7 12 0 46
1975 to 1979 204 49 49 13 19 26 13 7 7 7 14 0 33
1970 to 1974 107 28 5 15 19 16 0 0 0 5 0 20 37
1969 or earlier 70 25 0 0 8 12 4 13 9 0 0 0 52

Year Structure Built

1999 to March 2000		 138 14 7 8 0 17 21 21 5 10 17 17 67
1997 and 1998 152 0 0 5 0 37 20 17 20 33 21 0 78
1995 and 1996 124 0 0 0 15 34 7 4 42 6 10 5 76
1990 to 1994 265 13 0 18 12 73 20 75 15 10 25 5 68
1980 to 1989 554 24 46 58 87 114 52 82 30 30 18 13 55
1970 to 1979 676 57 80 41 123 98 59 73 71 26 29 20 53
1960 to 1969 472 54 33 40 72 94 39 56 37 13 35 0 54
1950 to 1959 695 39 39 54 56 153 84 113 87 28 29 14 60
1940 to 1949 415 29 38 20 61 81 40 69 46 13 18 0 57
1939 or earlier 637 31 34 71 99 55 75 111 34 43 66 17 63

Purchase Price

Properties acquired by
purchase 1997 to 2001 (part)		 1560 36 45 66 122 282 221 331 194 134 103 26 70
Less than $20,000 115 7 0 0 6 19 16 13 5 20 29 0 77
$20,000 to $39,999 226 9 10 8 20 16 44 54 31 24 2 7 70
$40,000 to $59,999 204 0 7 0 21 44 31 24 38 12 21 6 69
$60,000 to $79,999 228 0 4 10 12 53 19 80 10 4 35 0 72
$80,000 to $99,999 163 13 0 0 0 12 25 40 38 13 14 7 77
$100,000 to $124,999 125 0 6 5 8 29 12 19 22 22 0 0 70
$125,000 to $149,999 169 0 0 0 21 34 53 32 23 6 0 0 66
$150,000 to $174,999 48 0 0 6 6 9 0 7 5 13 0 0 73
$175,000 to $199,999 96 0 12 21 0 21 14 21 7 0 0 0 57
$200,000 to $249,999 88 0 6 8 9 13 0 25 13 7 0 5 72
$250,000 to $299,999 44 2 0 0 11 13 0 13 0 5 0 0 57
$300,000 to $499,999 27 0 0 1 6 18 0 0 1 0 2 0 54
$500,000 or more 27 5 0 6 0 0 6 2 0 8 0 0 64
Median 80933 83822 105335 178695 103204 94236 80387 78640 86674 91726 59887 57426 ...
Mean 106508 125423 110336 173589 119533 119434 96353 102879 91872 117246 56218 88194 52
Other properties 2569 225 231 248 404 476 195 289 193 77 166 64 53

Monthly Rental Receipts

Acquired before 2000		 3528 245 255 297 476 669 324 490 334 148 211 79 57
Less than $100 86 11 0 8 10 6 0 14 12 18 0 7 73
$100 to $199 112 10 0 7 0 29 0 13 6 7 41 0 78
$200 to $299 122 5 6 6 20 15 6 17 11 12 23 0 71
$300 to $399 295 17 22 5 21 32 54 74 30 11 21 7 69
$400 to $499 364 27 5 63 41 59 32 49 26 0 34 28 56
$500 to $599 365 4 29 23 54 92 33 62 37 21 9 0 58
$600 to $799 624 40 36 59 77 118 54 113 71 21 24 11 58
$800 to $999 360 28 46 7 58 51 64 36 39 0 15 14 56
$1000 or more 928 77 92 94 152 214 48 91 87 33 28 12 52
No rental receipts 272 24 20 25 43 53 32 20 15 25 17 0 55
Median 691 774 888 683 783 728 673 608 705 565 437 493 ...
Mean 1708 1335 1418 947 1040 1132 642 5450 768 496 2570 688 73
Acquired 2000 and 2001 (part) 602 15 21 17 51 89 92 131 53 63 58 12 71

Rental Receipts as Percent of Value@8

Acquired before 2000		 3528 245 255 297 476 669 324 490 334 148 211 79 57
Less than 5 percent 304 40 25 49 43 32 24 52 23 0 16 0 49
5 to 9 percent 1161 77 84 88 228 265 84 158 98 27 37 15 54
10 to 14 percent 1489 81 112 123 131 278 171 204 160 57 115 56 60
15 to 19 percent 98 0 9 2 6 22 7 20 13 13 4 0 71
20 to 24 percent 49 6 0 2 15 0 6 7 13 0 0 0 62
25 to 29 percent 23 6 0 0 0 0 0 9 0 0 8 0 77
30 to 39 percent 5 0 5 0 0 0 0 0 0 0 0 0 25
40 percent or more 41 1 0 0 0 12 0 7 0 7 13 0 90
Median 10 9 10 10 9 10 11 10 11 12 12 12 ...
Acquired 2000 and 2001 (part) 602 15 21 17 51 89 92 131 53 63 58 12 71

Rental Vacancy Losses as Percent of
Potential Receipts

Acquired before 2000		 3528 245 255 297 476 669 324 490 334 148 211 79 57
Less than 1.0 percent 1291 94 76 112 255 237 96 184 134 32 55 15 54
1.0 to 2.9 percent 12 0 5 0 0 7 0 0 0 0 0 0 51
3.0 to 4.9 percent 15 0 4 0 9 2 0 0 0 0 0 0 44
5.0 to 6.9 percent 24 0 7 6 4 0 0 0 0 0 7 0 38
7.0 to 8.9 percent 96 7 6 0 5 23 7 30 7 5 6 0 69
9.0 to 10.9 percent 26 1 0 7 0 7 10 0 0 0 0 0 57
11.0 to 12.9 percent 34 0 4 6 6 9 0 0 9 0 0 0 51
13.0 to 14.9 percent 25 0 6 0 0 0 0 5 13 0 1 0 82
15.0 percent or more 282 15 19 19 7 48 28 70 40 20 16 0 71
Not reported or not computed 1723 129 127 147 190 335 183 202 130 91 126 63 57
Median 0.7 0.6 0.8 0.7 0.6 0.7 0.7 0.8 0.8 0.9 0.8 0.5 ...
Acquired 2000 and 2001 (part) 602 15 21 17 51 89 92 131 53 63 58 12 71

Age Restrictions

Property restricted to people
age 55 or older		 403 37 41 34 84 61 26 54 28 11 27 0 51
Property not restricted to people
age 55 or older		 3559 212 196 266 433 648 372 567 359 194 235 75 60
Not reported 168 11 39 14 8 49 18 0 0 6 7 16 51

OWNER CHARACTERISTICS


Type of Owner

Individual investor(s)		 3491 207 229 288 491 640 351 531 321 188 178 67 58
Limited partnership 236 26 17 6 11 47 6 41 29 0 40 12 67
Joint venture 30 0 0 0 0 6 13 0 6 0 5 0 67
General partnership 50 6 4 0 6 5 6 4 6 6 0 6 60
Life insurance company 14 0 0 6 0 5 0 3 0 0 0 0 52
Depository institution 0 0 0 0 0 0 0 0 0 0 0 0 0
Public real estate investment trust 11 0 0 0 0 0 4 0 0 0 7 0 18529
Private real estate investment trust 5 0 0 0 0 5 0 0 0 0 0 0 55
Corporation - other than real estate
investment trust		 177 6 14 14 9 25 35 23 20 0 31 0 66
Housing cooperative organization 5 0 0 0 0 0 0 0 0 0 0 5 0
Non-profit or church-related institution 54 9 7 0 6 8 0 6 6 3 8 0 55
Pension fund 0 0 0 0 0 0 0 0 0 0 0 0 0
Fraternal organization 0 0 0 0 0 0 0 0 0 0 0 0 0
Other 57 7 4 0 3 17 0 12 0 14 0 0 59

MORTGAGE CHARACTERISTICS


Number of Mortgages

1 mortgage		 3696 227 243 299 490 717 361 587 295 185 202 90 58
2 mortgages 369 33 33 15 37 35 51 32 63 19 52 0 66
3 or more mortgages 64 0 0 0 0 6 4 2 29 8 15 0 87

Form of Debt of First Mortgage

Mortgage or deed of trust		 4129 260 276 314 526 758 416 621 387 211 269 90 58
Contract to purchase 0 0 0 0 0 0 0 0 0 0 0 0 0
Some other loan secured by this property 0 0 0 0 0 0 0 0 0 0 0 0 0

Origin of First Mortgage

Mortgage made at time property acquired		 3032 150 219 210 338 580 339 474 293 151 204 75 60
Mortgage assumed at the time property
acquired		 292 40 27 28 59 45 24 25 13 19 6 7 48
Mortgage placed later than acquisition of
property		 805 71 31 77 130 133 53 122 80 41 59 9 57
Refinanced mortgage 696 43 31 62 119 111 53 102 80 34 51 9 58
Same lender 184 17 5 12 26 50 13 28 7 7 19 0 56
Different lender 512 27 26 49 93 61 40 74 74 27 32 9 59
Mortgage placed on property
owned free and clear of debt		 109 27 0 15 10 22 0 20 0 6 8 0 51
Not available 0 0 0 0 0 0 0 0 0 0 0 0 0

Year First Mortgage Made or
Assumed

1999 to 2001 (part)		 1527 64 56 85 121 255 148 329 188 137 113 32 71
1997 and 1998 758 20 34 42 95 147 94 113 103 41 62 7 64
1995 and 1996 515 11 33 39 90 112 69 36 56 27 39 5 57
1990 to 1994 669 45 46 62 128 143 61 112 18 7 33 13 53
1985 to 1989 352 36 53 59 56 58 27 19 22 0 8 13 44
1980 to 1984 118 17 7 20 30 22 0 13 0 0 9 0 45
1979 or earlier 189 66 47 8 6 20 17 0 0 0 5 20 24

Total Mortgage Outstanding Debt

Less than $10,000		 197 119 15 25 0 6 6 0 5 7 0 14 16
$10,000 to $19,999 346 75 75 23 43 44 10 31 0 20 24 0 40
$20,000 to $29,999 435 0 42 65 96 77 47 42 24 25 17 0 52
$30,000 to $39,999 415 24 39 16 49 79 61 77 40 4 26 0 60
$40,000 to $49,999 410 5 19 67 34 151 63 26 26 11 6 0 55
$50,000 to $59,999 328 7 20 14 44 67 22 89 44 21 0 0 65
$60,000 to $79,999 513 25 21 42 57 73 69 126 58 31 10 0 66
$80,000 to $99,999 472 5 40 12 79 77 66 87 66 14 27 0 64
$100,000 to $149,999 524 0 0 36 55 110 51 97 76 47 52 0 71
$150,000 to $199,999 262 0 5 6 37 56 15 36 30 12 63 0 73
$200,000 to $249,999 51 0 0 8 11 9 0 6 6 5 5 0 57
$250,000 to $299,999 30 0 0 0 3 8 0 1 6 5 7 0 85
$300,000 or more 69 0 0 0 16 0 6 2 7 8 31 0 95
Not reported 76 0 0 0 0 0 0 0 0 0 0 76 0
Median 56822 11441 31738 44132 59158 53309 59520 67131 78550 71132 122793 5001 ...
Mean 74793 20529 43386 57163 79968 73182 70951 76695 92957 103266 152678 28 75
@8May not add to total because not reported and not calculated are not included.


Go to Residential Finance Survey: 2001 Detailed Regional Tables
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Source: U.S. Census Bureau, Housing and Household Economic Statistics Division
Last Revised: December 07, 2005