Table 4-4. Affordability Status of Families and Unrelated Individuals by Value and Income Quintiles and Current Tenure, Using FHA, Fixed-Rate, 30-Year Financing: United States, 1984, 1988, and 1991 (Numbers in thousands) ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- | Percent cannot afford median-priced home in value quintile | |--------------------------------------------------------------------------------------------------------------------------------------------------------------------------| | Married-couple families | Male/female householder, no spouse present families | Unrelated individuals | |--------------------------------------------------------|--------------------------------------------------------|--------------------------------------------------------| | 1984 | 1988 | 1991 | 1984 | 1988 | 1991 | 1984 | 1988 | 1991 | |------------------|------------------|------------------|------------------|------------------|------------------|------------------|------------------|------------------| | | Percent | | Percent | | Percent | | Percent | | Percent | | Percent | | Percent | | Percent | | Percent | |Total in| Cannot |Total in| Cannot |Total in| Cannot |Total in| Cannot |Total in| Cannot |Total in| Cannot |Total in| Cannot |Total in| Cannot |Total in| Cannot | Value and Income Quintiles |Quintile| Afford |Quintile| Afford |Quintile| Afford |Quintile| Afford |Quintile| Afford |Quintile| Afford |Quintile| Afford |Quintile| Afford |Quintile| Afford | -------------------------------|--------|---------|--------|---------|--------|---------|--------|---------|--------|---------|--------|---------|--------|---------|--------|---------|--------|---------| | | | | | | | | | | | | | | | | | | | CURRENT OWNERS | | | | | | | | | | | | | | | | | | | Lowest Value Quintile: | | | | | | | | | | | | | | | | | | | Lowest income quintile.......| 2,023 | 33.0 | 1,960 | 36.9 | 1,899 | 46.1 | 2,226 | 58.0 | 2,528 | 56.0 | 2,521 | 60.4 | 4,194 | 38.6 | 4,711 | 35.9 | 4,879 | 44.2 | Second income quintile.......| 5,154 | 14.1 | 5,371 | 12.6 | 5,503 | 13.9 | 2,002 | 33.5 | 1,963 | 28.8 | 1,970 | 34.1 | 3,844 | 23.1 | 3,778 | 24.7 | 4,802 | 23.3 | Third income quintile........| 7,606 | 10.8 | 7,867 | 9.6 | 8,034 | 12.4 | 1,426 | 18.0 | 1,725 | 26.5 | 1,794 | 22.9 | 2,161 | 19.2 | 2,878 | 21.3 | 3,130 | 20.3 | Fourth income quintile.......| 11,040 | 7.4 | 10,878 | 9.4 | 10,925 | 12.0 | 819 | 7.0 | 1,151 | 12.1 | 1,213 | 16.7 | 1,454 | 13.1 | 1,984 | 17.4 | 2,280 | 23.6 | Fifth income quintile........| 14,150 | 3.3 | 14,511 | 5.4 | 15,514 | 7.3 | 439 | 5.8 | 586 | 3.0 | 508 | 10.8 | 803 | 7.2 | 1,024 | 7.9 | 1,219 | 12.0 | | | | | | | | | | | | | | | | | | | | Second Value Quintile: | | | | | | | | | | | | | | | | | | | Lowest income quintile.......| 2,023 | 48.2 | 1,960 | 52.1 | 1,899 | 60.6 | 2,226 | 73.0 | 2,528 | 72.8 | 2,521 | 74.8 | 4,194 | 59.5 | 4,711 | 58.1 | 4,879 | 61.5 | Second income quintile.......| 5,154 | 33.1 | 5,371 | 32.0 | 5,503 | 32.8 | 2,002 | 51.4 | 1,963 | 49.4 | 1,970 | 56.3 | 3,844 | 43.3 | 3,778 | 41.5 | 4,802 | 42.0 | Third income quintile........| 7,606 | 24.4 | 7,867 | 18.1 | 8,034 | 21.7 | 1,426 | 35.8 | 1,725 | 38.3 | 1,794 | 40.3 | 2,161 | 35.1 | 2,878 | 34.5 | 3,130 | 34.4 | Fourth income quintile.......| 11,040 | 11.6 | 10,878 | 12.7 | 10,925 | 15.1 | 819 | 11.7 | 1,151 | 17.5 | 1,213 | 21.3 | 1,454 | 21.1 | 1,984 | 24.9 | 2,280 | 30.7 | Fifth income quintile........| 14,150 | 4.3 | 14,511 | 6.6 | 15,514 | 9.0 | 439 | 8.8 | 586 | 5.8 | 508 | 10.7 | 803 | 9.6 | 1,024 | 8.4 | 1,219 | 15.4 | | | | | | | | | | | | | | | | | | | | Third Value Quintile: | | | | | | | | | | | | | | | | | | | Lowest income quintile.......| 2,023 | 57.9 | 1,960 | 60.5 | 1,899 | 65.7 | 2,226 | 82.0 | 2,528 | 82.4 | 2,521 | 84.2 | 4,194 | 70.1 | 4,711 | 67.8 | 4,879 | 75.5 | Second income quintile.......| 5,154 | 47.2 | 5,371 | 46.9 | 5,503 | 49.7 | 2,002 | 66.2 | 1,963 | 64.7 | 1,970 | 69.9 | 3,844 | 57.7 | 3,778 | 56.3 | 4,802 | 55.5 | Third income quintile........| 7,606 | 40.2 | 7,867 | 32.4 | 8,034 | 37.3 | 1,426 | 51.9 | 1,725 | 59.5 | 1,794 | 58.4 | 2,161 | 50.3 | 2,878 | 53.8 | 3,130 | 51.0 | Fourth income quintile.......| 11,040 | 21.2 | 10,878 | 19.0 | 10,925 | 24.3 | 819 | 28.1 | 1,151 | 24.9 | 1,213 | 35.2 | 1,454 | 37.2 | 1,984 | 35.7 | 2,280 | 41.4 | Fifth income quintile........| 14,150 | 5.9 | 14,511 | 8.0 | 15,514 | 13.1 | 439 | 11.1 | 586 | 15.1 | 508 | 16.3 | 803 | 12.4 | 1,024 | 12.3 | 1,219 | 20.6 | | | | | | | | | | | | | | | | | | | | Fourth Value Quintile: | | | | | | | | | | | | | | | | | | | Lowest income quintile.......| 2,023 | 66.1 | 1,960 | 71.8 | 1,899 | 75.7 | 2,226 | 87.2 | 2,528 | 87.7 | 2,521 | 90.2 | 4,194 | 79.4 | 4,711 | 79.1 | 4,879 | 84.6 | Second income quintile.......| 5,154 | 61.1 | 5,371 | 61.7 | 5,503 | 66.0 | 2,002 | 78.3 | 1,963 | 80.4 | 1,970 | 81.5 | 3,844 | 73.9 | 3,778 | 71.3 | 4,802 | 69.7 | Third income quintile........| 7,606 | 58.8 | 7,867 | 53.6 | 8,034 | 55.6 | 1,426 | 70.7 | 1,725 | 73.4 | 1,794 | 76.2 | 2,161 | 64.5 | 2,878 | 71.1 | 3,130 | 63.6 | Fourth income quintile.......| 11,040 | 43.3 | 10,878 | 36.6 | 10,925 | 42.8 | 819 | 54.9 | 1,151 | 43.8 | 1,213 | 54.1 | 1,454 | 59.0 | 1,984 | 50.8 | 2,280 | 55.1 | Fifth income quintile........| 14,150 | 11.5 | 14,511 | 13.3 | 15,514 | 21.2 | 439 | 20.0 | 586 | 20.1 | 508 | 21.6 | 803 | 21.6 | 1,024 | 17.3 | 1,219 | 29.2 | | | | | | | | | | | | | | | | | | | | Fifth Value Quintile: | | | | | | | | | | | | | | | | | | | Lowest income quintile.......| 2,023 | 81.8 | 1,960 | 82.1 | 1,899 | 84.9 | 2,226 | 94.3 | 2,528 | 93.2 | 2,521 | 95.2 | 4,194 | 89.3 | 4,711 | 89.2 | 4,879 | 92.5 | Second income quintile.......| 5,154 | 79.3 | 5,371 | 80.3 | 5,503 | 84.5 | 2,002 | 91.1 | 1,963 | 90.9 | 1,970 | 92.7 | 3,844 | 88.0 | 3,778 | 85.5 | 4,802 | 85.9 | Third income quintile........| 7,606 | 82.4 | 7,867 | 77.4 | 8,034 | 81.3 | 1,426 | 88.7 | 1,725 | 86.4 | 1,794 | 91.6 | 2,161 | 83.3 | 2,878 | 85.6 | 3,130 | 83.8 | Fourth income quintile.......| 11,040 | 76.6 | 10,878 | 72.2 | 10,925 | 76.4 | 819 | 87.8 | 1,151 | 83.6 | 1,213 | 82.5 | 1,454 | 82.3 | 1,984 | 81.6 | 2,280 | 85.3 | Fifth income quintile........| 14,150 | 41.0 | 14,511 | 35.3 | 15,514 | 49.0 | 439 | 45.4 | 586 | 48.0 | 508 | 60.1 | 803 | 49.0 | 1,024 | 48.5 | 1,219 | 62.3 | | | | | | | | | | | | | | | | | | | | CURRENT RENTERS | | | | | | | | | | | | | | | | | | | Lowest Value Quintile: | | | | | | | | | | | | | | | | | | | Lowest income quintile.......| 1,260 | 94.7 | 1,326 | 96.7 | 1,334 | 94.8 | 3,670 | 98.4 | 3,860 | 99.3 | 4,067 | 99.4 | 5,065 | 93.7 | 6,379 | 90.9 | 6,199 | 93.1 | Second income quintile.......| 2,371 | 85.3 | 2,192 | 82.7 | 2,000 | 85.2 | 1,574 | 93.2 | 1,570 | 93.4 | 1,954 | 95.3 | 5,033 | 86.4 | 5,091 | 83.4 | 5,617 | 83.4 | Third income quintile........| 3,060 | 72.9 | 2,807 | 77.4 | 2,732 | 72.1 | 1,245 | 89.6 | 1,399 | 78.9 | 1,437 | 80.6 | 3,596 | 67.0 | 3,631 | 72.3 | 4,355 | 70.4 | Fourth income quintile.......| 2,982 | 63.1 | 3,300 | 57.8 | 3,099 | 65.0 | 436 | 70.7 | 565 | 58.8 | 656 | 68.4 | 2,053 | 47.1 | 2,192 | 49.3 | 2,568 | 52.3 | Fifth income quintile........| 2,097 | 36.1 | 2,233 | 31.8 | 2,209 | 39.2 | 129 | 35.6 | 165 | 30.5 | 174 | 60.9 | 777 | 30.4 | 970 | 29.8 | 960 | 37.4 | | | | | | | | | | | | | | | | | | | | Second Value Quintile: | | | | | | | | | | | | | | | | | | | Lowest income quintile.......| 1,260 | 96.0 | 1,326 | 98.2 | 1,334 | 96.1 | 3,670 | 98.7 | 3,860 | 99.3 | 4,067 | 99.6 | 5,065 | 95.6 | 6,379 | 95.0 | 6,199 | 96.1 | Second income quintile.......| 2,371 | 94.2 | 2,192 | 93.2 | 2,000 | 91.1 | 1,574 | 96.4 | 1,570 | 97.1 | 1,954 | 97.4 | 5,033 | 92.9 | 5,091 | 92.4 | 5,617 | 92.3 | Third income quintile........| 3,060 | 89.2 | 2,807 | 86.7 | 2,732 | 84.1 | 1,245 | 95.0 | 1,399 | 88.3 | 1,437 | 91.7 | 3,596 | 87.3 | 3,631 | 87.7 | 4,355 | 87.0 | Fourth income quintile.......| 2,982 | 79.3 | 3,300 | 71.0 | 3,099 | 75.6 | 436 | 83.6 | 565 | 67.0 | 656 | 81.2 | 2,053 | 66.6 | 2,192 | 65.7 | 2,568 | 69.9 | Fifth income quintile........| 2,097 | 44.4 | 2,233 | 47.9 | 2,209 | 49.6 | 129 | 41.6 | 165 | 50.5 | 174 | 72.5 | 777 | 38.6 | 970 | 36.2 | 960 | 46.9 | | | | | | | | | | | | | | | | | | | | Third Value Quintile: | | | | | | | | | | | | | | | | | | | Lowest income quintile.......| 1,260 | 97.6 | 1,326 | 99.5 | 1,334 | 97.6 | 3,670 | 98.8 | 3,860 | 99.8 | 4,067 | 99.7 | 5,065 | 96.5 | 6,379 | 96.7 | 6,199 | 96.9 | Second income quintile.......| 2,371 | 95.3 | 2,192 | 95.6 | 2,000 | 93.2 | 1,574 | 98.4 | 1,570 | 98.3 | 1,954 | 98.5 | 5,033 | 96.1 | 5,091 | 94.8 | 5,617 | 94.5 | Third income quintile........| 3,060 | 93.7 | 2,807 | 92.0 | 2,732 | 91.3 | 1,245 | 98.6 | 1,399 | 96.8 | 1,437 | 94.0 | 3,596 | 93.4 | 3,631 | 92.1 | 4,355 | 93.2 | Fourth income quintile.......| 2,982 | 89.0 | 3,300 | 79.9 | 3,099 | 83.1 | 436 | 93.9 | 565 | 75.1 | 656 | 88.2 | 2,053 | 83.0 | 2,192 | 79.9 | 2,568 | 80.6 | Fifth income quintile........| 2,097 | 53.4 | 2,233 | 54.9 | 2,209 | 61.3 | 129 | 46.0 | 165 | 55.8 | 174 | 79.6 | 777 | 47.4 | 970 | 43.5 | 960 | 61.4 | | | | | | | | | | | | | | | | | | | | Fourth Value Quintile: | | | | | | | | | | | | | | | | | | | Lowest income quintile.......| 1,260 | 98.6 | 1,326 | 99.5 | 1,334 | 98.9 | 3,670 | 99.2 | 3,860 | 99.8 | 4,067 | 99.7 | 5,065 | 97.5 | 6,379 | 98.1 | 6,199 | 97.9 | Second income quintile.......| 2,371 | 96.1 | 2,192 | 95.9 | 2,000 | 94.7 | 1,574 | 99.7 | 1,570 | 98.3 | 1,954 | 98.9 | 5,033 | 97.4 | 5,091 | 96.9 | 5,617 | 96.6 | Third income quintile........| 3,060 | 96.0 | 2,807 | 95.3 | 2,732 | 95.4 | 1,245 | 99.0 | 1,399 | 98.4 | 1,437 | 97.9 | 3,596 | 96.3 | 3,631 | 95.9 | 4,355 | 95.0 | Fourth income quintile.......| 2,982 | 94.7 | 3,300 | 91.4 | 3,099 | 90.3 | 436 | 96.7 | 565 | 93.9 | 656 | 93.6 | 2,053 | 92.0 | 2,192 | 91.6 | 2,568 | 90.0 | Fifth income quintile........| 2,097 | 64.3 | 2,233 | 66.5 | 2,209 | 70.5 | 129 | 64.5 | 165 | 61.7 | 174 | 82.2 | 777 | 59.4 | 970 | 63.8 | 960 | 71.0 | | | | | | | | | | | | | | | | | | | | Fifth Value Quintile: | | | | | | | | | | | | | | | | | | | Lowest income quintile.......| 1,260 | 98.9 | 1,326 | 99.5 | 1,334 | 99.7 | 3,670 | 99.5 | 3,860 | 99.8 | 4,067 | 99.9 | 5,065 | 98.4 | 6,379 | 98.7 | 6,199 | 99.0 | Second income quintile.......| 2,371 | 98.8 | 2,192 | 96.8 | 2,000 | 97.9 | 1,574 | 100.0 | 1,570 | 98.9 | 1,954 | 99.8 | 5,033 | 98.8 | 5,091 | 98.3 | 5,617 | 98.4 | Third income quintile........| 3,060 | 98.3 | 2,807 | 97.8 | 2,732 | 98.9 | 1,245 | 99.5 | 1,399 | 99.1 | 1,437 | 99.7 | 3,596 | 98.6 | 3,631 | 98.6 | 4,355 | 98.1 | Fourth income quintile.......| 2,982 | 98.1 | 3,300 | 97.3 | 3,099 | 97.2 | 436 | 98.1 | 565 | 95.6 | 656 | 97.7 | 2,053 | 96.9 | 2,192 | 98.6 | 2,568 | 98.0 | Fifth income quintile........| 2,097 | 86.4 | 2,233 | 82.4 | 2,209 | 88.0 | 129 | 78.7 | 165 | 80.3 | 174 | 96.5 | 777 | 86.5 | 970 | 88.4 | 960 | 91.2 | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------