Table 2-5. Reason Median-Priced Home Cannot be Afforded for Families and Unrelated Individuals Below Affordability Level, by Current Tenure and Type of Financing: United States, 1995 (Numbers in 000's. Data may not add to total due to rounding.) ------------------------------------------------------------------------------------------------------------------------------------------- | Families | | |--------------------------------------------------------------------------------| | | | | | | | | | |Male householder, |Female householder,| | | Total | Married-couple |no wife present |no husband present |Unrelated individuals| |--------------------|-------------------|-------------------|-------------------|---------------------| Reason | Number | Percent | Number | Percent | Number | Percent | Number | Percent | Number | Percent | -----------------------------------|----------|---------|---------|---------|---------|---------|---------|---------|-----------|---------| USING CONVENTIONAL, FIXED-RATE, | | | | | | | | | | | 30-YEAR FINANCING | | | | | | | | | | | | | | | | | | | | | | Total cannot afford house....| 38,075 | 100.0 | 23,110 | 100.0 | 2,349 | 100.0 | 12,616 | 100.0 | 28,648 | 100.0 | Cash problem only..................| 6,921 | 18.2 | 6,397 | 27.7 | 145 | 6.2 | 379 | 3.0 | 1,831 | 6.4 | Debt level too high..............| 3,716 | 9.8 | 3,407 | 14.7 | 82 | 3.5 | 227 | 1.8 | 702 | 2.5 | Cannot afford down payment.......| 3,205 | 8.4 | 2,991 | 12.9 | 62 | 2.7 | 152 | 1.2 | 1,129 | 3.9 | Income problem only-cannot afford | | | | | | | | | | | monthly payments.................| 7,938 | 20.8 | 5,195 | 22.5 | 571 | 24.3 | 2,172 | 17.2 | 6,784 | 23.7 | Cash problem and income problem....| 23,215 | 61.0 | 11,517 | 49.8 | 1,633 | 69.5 | 10,065 | 79.8 | 20,034 | 69.9 | Debt level too high/cannot afford| | | | | | | | | | | monthly payments...............| 14,471 | 38.0 | 6,296 | 27.2 | 1,004 | 42.7 | 7,172 | 56.8 | 10,998 | 38.4 | Cannot afford down payment/cannot| | | | | | | | | | | afford monthly payments........| 8,744 | 23.0 | 5,221 | 22.6 | 629 | 26.8 | 2,894 | 22.9 | 9,036 | 31.5 | | | | | | | | | | | | | | | | | | | | | | | Current owners cannot afford.| 18,086 | 100.0 | 12,394 | 100.0 | 1,022 | 100.0 | 4,670 | 100.0 | 9,455 | 100.0 | Cash problem only..................| 4,014 | 22.2 | 3,766 | 30.4 | 85 | 8.3 | 164 | 3.5 | 556 | 5.9 | Debt level too high..............| 2,513 | 13.9 | 2,325 | 18.8 | 66 | 6.5 | 122 | 2.6 | 250 | 2.6 | Cannot afford down payment.......| 1,501 | 8.3 | 1,441 | 11.6 | 19 | 1.8 | 42 | 0.9 | 306 | 3.2 | Income problem only-cannot afford | | | | | | | | | | | monthly payments.................| 7,233 | 40.0 | 4,704 | 38.0 | 522 | 51.0 | 2,008 | 43.0 | 5,164 | 54.6 | Cash problem and income problem....| 6,838 | 37.8 | 3,924 | 31.7 | 416 | 40.7 | 2,498 | 53.5 | 3,735 | 39.5 | Debt level too high/cannot afford| | | | | | | | | | | monthly payments...............| 3,949 | 21.8 | 2,264 | 18.3 | 205 | 20.1 | 1,480 | 31.7 | 1,885 | 19.9 | Cannot afford down payment/cannot| | | | | | | | | | | afford monthly payments........| 2,889 | 16.0 | 1,661 | 13.4 | 210 | 20.6 | 1,018 | 21.8 | 1,850 | 19.6 | | | | | | | | | | | | | | | | | | | | | | | Current renters cannot afford| 19,989 | 100.0 | 10,716 | 100.0 | 1,326 | 100.0 | 7,947 | 100.0 | 19,193 | 100.0 | Cash problem only..................| 2,907 | 14.5 | 2,632 | 24.6 | 60 | 4.5 | 216 | 2.7 | 1,275 | 6.6 | Debt level too high..............| 1,203 | 6.0 | 1,082 | 10.1 | 16 | 1.2 | 105 | 1.3 | 452 | 2.4 | Cannot afford down payment.......| 1,704 | 8.5 | 1,550 | 14.5 | 44 | 3.3 | 110 | 1.4 | 823 | 4.3 | Income problem only-cannot afford | | | | | | | | | | | monthly payments.................| 705 | 3.5 | 492 | 4.6 | 49 | 3.7 | 164 | 2.1 | 1,620 | 8.4 | Cash problem and income problem....| 16,377 | 81.9 | 7,593 | 70.9 | 1,217 | 91.8 | 7,567 | 95.2 | 16,299 | 84.9 | Debt level too high/cannot afford| | | | | | | | | | | monthly payments...............| 10,522 | 52.6 | 4,032 | 37.6 | 799 | 60.2 | 5,692 | 71.6 | 9,113 | 47.5 | Cannot afford down payment/cannot| | | | | | | | | | | afford monthly payments........| 5,855 | 29.3 | 3,561 | 33.2 | 419 | 31.6 | 1,876 | 23.6 | 7,186 | 37.4 | ------------------------------------------------------------------------------------------------------------------------------------------- Table 2-5. Reason Median-Priced Home Cannot be Afforded for Families and Unrelated Individuals Below Affordability Level, by Current Tenure and Type of Financing: United States, 1995 - Continued (Numbers in 000's. Data may not add to total since more than one reason may prevent qualifying.) ------------------------------------------------------------------------------------------------------------------------------------------- | Families | | |--------------------------------------------------------------------------------| | | | | | | | | | |Male householder, |Female householder,| | | Total | Married-couple |no wife present |no husband present |Unrelated individuals| |--------------------|-------------------|-------------------|-------------------|---------------------| Reason | Number | Percent | Number | Percent | Number | Percent | Number | Percent | Number | Percent | -----------------------------------|----------|---------|---------|---------|---------|---------|---------|---------|-----------|---------| USING FHA, FIXED-RATE, 30-YEAR | | | | | | | | | | | FINANCING | | | | | | | | | | | | | | | | | | | | | | Total cannot afford house....| 37,180 | 100.0 | 22,205 | 100.0 | 2,347 | 100.0 | 12,629 | 100.0 | 28,469 | 100.0 | Cash problem only..................| 6,749 | 18.2 | 6,124 | 27.6 | 169 | 7.2 | 456 | 3.6 | 2,003 | 7.0 | Debt level too high..............| 3,462 | 9.3 | 3,145 | 14.2 | 96 | 4.1 | 221 | 1.7 | 736 | 2.6 | Cannot afford down payment.......| 3,287 | 8.8 | 2,979 | 13.4 | 72 | 3.1 | 235 | 1.9 | 1,266 | 4.4 | Income problem only-cannot afford | | | | | | | | | | | monthly payments.................| 8,890 | 23.9 | 5,877 | 26.5 | 618 | 26.3 | 2,395 | 19.0 | 7,356 | 25.8 | Cash problem and income problem....| 21,542 | 57.9 | 10,204 | 46.0 | 1,560 | 66.5 | 9,777 | 77.4 | 19,110 | 67.1 | Debt level too high/cannot afford| | | | | | | | | | | monthly payments...............| 12,963 | 34.9 | 5,199 | 23.4 | 913 | 38.9 | 6,852 | 54.3 | 10,040 | 35.3 | Cannot afford down payment/cannot| | | | | | | | | | | afford monthly payments........| 8,579 | 23.1 | 5,005 | 22.5 | 648 | 27.6 | 2,926 | 23.2 | 9,070 | 31.9 | | | | | | | | | | | | | | | | | | | | | | | Current owners cannot afford.| 17,412 | 100.0 | 11,709 | 100.0 | 1,021 | 100.0 | 4,683 | 100.0 | 9,380 | 100.0 | Cash problem only..................| 3,511 | 20.2 | 3,252 | 27.8 | 82 | 8.1 | 177 | 3.8 | 508 | 5.4 | Debt level too high..............| 2,377 | 13.7 | 2,195 | 18.7 | 64 | 6.3 | 118 | 2.5 | 244 | 2.6 | Cannot afford down payment.......| 1,133 | 6.5 | 1,057 | 9.0 | 19 | 1.8 | 58 | 1.2 | 264 | 2.8 | Income problem only-cannot afford | | | | | | | | | | | monthly payments.................| 7,995 | 45.9 | 5,260 | 44.9 | 558 | 54.7 | 2,177 | 46.5 | 5,473 | 58.3 | Cash problem and income problem....| 5,907 | 33.9 | 3,197 | 27.3 | 380 | 37.3 | 2,329 | 49.7 | 3,399 | 36.2 | Debt level too high/cannot afford| | | | | | | | | | | monthly payments...............| 3,426 | 19.7 | 1,818 | 15.5 | 192 | 18.9 | 1,415 | 30.2 | 1,684 | 18.0 | Cannot afford down payment/cannot| | | | | | | | | | | afford monthly payments........| 2,481 | 14.2 | 1,379 | 11.8 | 188 | 18.4 | 914 | 19.5 | 1,715 | 18.3 | | | | | | | | | | | | | | | | | | | | | | | Current renters cannot afford| 19,768 | 100.0 | 10,496 | 100.0 | 1,326 | 100.0 | 7,946 | 100.0 | 19,090 | 100.0 | Cash problem only..................| 3,238 | 16.4 | 2,872 | 27.4 | 86 | 6.5 | 279 | 3.5 | 1,495 | 7.8 | Debt level too high..............| 1,084 | 5.5 | 949 | 9.0 | 33 | 2.5 | 102 | 1.3 | 492 | 2.6 | Cannot afford down payment.......| 2,153 | 10.9 | 1,923 | 18.3 | 54 | 4.0 | 177 | 2.2 | 1,002 | 5.3 | Income problem only-cannot afford | | | | | | | | | | | monthly payments.................| 895 | 4.5 | 616 | 5.9 | 60 | 4.5 | 218 | 2.7 | 1,884 | 9.9 | Cash problem and income problem....| 15,635 | 79.1 | 7,007 | 66.8 | 1,180 | 89.0 | 7,448 | 93.7 | 15,711 | 82.3 | Debt level too high/cannot afford| | | | | | | | | | | monthly payments...............| 9,537 | 48.2 | 3,381 | 32.2 | 720 | 54.3 | 5,436 | 68.4 | 8,356 | 43.8 | Cannot afford down payment/cannot| | | | | | | | | | | afford monthly payments........| 6,098 | 30.8 | 3,626 | 34.6 | 460 | 34.7 | 2,012 | 25.3 | 7,355 | 38.5 | -------------------------------------------------------------------------------------------------------------------------------------------