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Property Owners and Managers Survey (POMS)

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Table 1. Multifamily Property Characteristics by Number of Units in Property

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%.

Source: U.S. Census Bureau | Property Owners and Managers Survey (POMS) |  Last Revised: 2012-08-31T12:06:19.647-04:00