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Residential Finance Survey: 2001 - United States
Table 2-10. Value, 1-Unit Homeowner Mortgaged Properties
^Number of mortgaged properties in thousands.
For information on confidentiality protection, sampling error, non-sampling error, and definitions, see text.
For minimum base of derived figures (percent, median, etc.) and meaning of symbols, see text^^

Value
Total Less
than
$20,000
$20,000
to
$39,999
$40,000
to
$59,999
$60,000
to
$79,999
$80,000
to
$99,999
$100,000
to
$124,999
$125,000
to
$149,999
$150,000
to
$174,999
$175,000
to
$199,999
$200,000
to
$249,999
$250,000
to
$299,999
$300,000
to
$499,999
$500,000
or more
Median
(dollars)

1-housing-unit properties with
a traditional first mortgage
36410 285 1051 2317 3569 4371 4223 4235 3482 2476 3117 2167 3487 1630 139102

PROPERTY CHARACTERISTICS


Source of Downpayment@1

Properties purchased
1995 to 2001 (part)
18579 147 439 999 1675 2100 2077 2262 1946 1339 1712 1111 1871 900 145472
Sale of previous home 5879 12 75 81 213 345 517 610 630 544 805 579 954 515 196000
Sale of other real property or other
investments
908 0 7 29 44 76 41 86 72 80 73 128 171 102 213079
Savings 9636 70 220 499 900 1157 1075 1205 1022 659 891 577 916 445 143604
Borrowing from a retirement plan 810 4 0 34 72 110 112 84 88 82 53 58 79 36 147078
Borrowing using assets other than this
property as collateral
423 0 16 48 64 54 43 32 38 20 9 23 47 30 117336
Proceeds from an insurance policy 120 3 0 0 12 27 20 19 6 7 8 9 3 4 120942
Payments in a lease-purchase agreement 143 0 42 16 16 17 6 23 12 4 7 0 0 0 76084
From a state or local government source 263 0 7 46 65 53 37 18 13 9 11 0 0 4 84815
From a non-profit organization 34 0 12 0 6 10 0 0 4 0 3 0 0 0 78266
From parents or relatives 1846 10 29 114 194 239 274 256 210 119 191 44 134 32 131067
Other 88 0 0 5 30 13 5 7 3 6 7 0 9 3 94720
No downpayment required 1354 38 59 168 227 244 156 197 82 47 72 30 24 10 95165
Not reported 392 15 5 27 23 46 50 70 29 16 23 9 63 16 135693
Other properties 17661 138 602 1313 1855 2254 2137 1951 1525 1134 1385 1040 1610 716 131804
Not reported 170 0 10 4 40 17 9 22 12 2 19 16 5 14 131383

Year Structure Built

1999 to March 2000
1911 4 56 62 103 111 198 253 213 141 167 184 273 147 169806
1997 and 1998 2157 5 50 69 116 135 218 296 274 178 252 175 237 152 167294
1995 and 1996 1880 5 23 58 68 162 194 256 228 189 228 116 253 100 169070
1990 to 1994 3660 26 43 114 190 342 414 447 430 342 432 328 382 172 164812
1980 to 1989 6407 26 114 300 457 830 774 796 634 499 630 389 714 244 147055
1970 to 1979 6076 38 155 332 634 866 867 753 643 355 454 306 466 207 129857
1960 to 1969 3788 51 51 280 466 532 453 444 311 215 287 197 356 147 128422
1950 to 1959 4389 35 149 347 630 579 499 465 366 256 280 229 399 154 122795
1940 to 1949 1965 31 134 171 299 272 227 155 146 101 128 98 146 57 108392
1939 or earlier 4176 66 277 583 607 543 377 370 236 200 259 146 261 252 100777

Purchase Price as Percent of Value@8

Acquired by purchase
35481 255 1009 2212 3442 4252 4132 4099 3400 2443 3068 2126 3446 1595 139863
Purchased 1997 to 2001 (part) 14477 119 337 813 1243 1635 1512 1783 1543 1038 1389 899 1464 702 147140
Less than 60 percent 1279 11 21 86 87 136 97 68 131 74 117 92 200 159 175958
60 to 69 percent 1130 9 32 64 89 93 63 106 109 69 134 84 179 99 175099
70 to 79 percent 1826 6 40 71 88 105 169 248 172 181 200 153 277 117 177119
80 to 99 percent 7380 15 88 317 571 933 873 1065 939 541 735 439 637 228 145961
100 percent or more 2841 77 152 276 393 369 310 297 191 172 203 131 171 99 112426
Median 88 2217 97 92 92 90 90 89 88 87 87 85 82 78 ...
Purchased 1990 to 1996 (part) 11052 53 265 622 1149 1347 1424 1290 1107 801 906 661 948 479 137895
Less than 40 percent 676 6 7 43 69 64 62 50 49 49 60 50 79 88 169327
40 to 59 percent 1595 0 14 60 142 153 174 197 176 88 104 122 205 160 158262
60 to 79 percent 3991 8 52 161 368 428 497 497 379 371 406 300 381 144 149221
80 to 99 percent 3394 5 72 195 393 488 534 416 396 261 257 144 180 54 125595
100 percent or more 1374 31 120 164 177 205 156 130 107 31 74 45 103 31 98988
Median 76 2040 96 85 80 81 79 76 77 74 74 71 70 59 ...
Purchased 1989 or earlier 9952 83 407 777 1050 1270 1196 1027 751 604 774 566 1034 413 129699
Less than 20 percent 1336 0 16 57 156 111 91 86 93 82 147 102 231 165 192951
20 to 39 percent 2312 0 35 118 227 262 304 263 181 164 208 134 312 103 144936
40 to 59 percent 2539 9 37 148 246 336 393 259 242 151 214 186 234 84 134778
60 to 79 percent 1883 13 62 162 223 313 205 264 131 138 96 75 168 32 120378
80 to 99 percent 814 11 47 112 104 143 108 73 59 43 43 31 30 13 98801
100 percent or more 1049 51 206 180 95 102 91 83 45 27 66 38 49 17 78545
Median 50 1181 235 68 52 56 50 53 48 47 43 45 38 28 ...
Not acquired by purchase 929 30 41 104 127 119 91 136 82 33 48 41 41 36 111824

Age Restrictions

Property located in subdivision
restricted to people age 55 or older
1987 4 30 44 176 276 267 292 214 120 214 112 190 46 141777
Property located in subdivision not
restricted to people age 55 or older
32987 259 936 2145 3229 3918 3784 3809 3163 2278 2794 2021 3121 1530 139587
Not reported 1436 23 85 127 164 177 172 134 105 77 109 34 176 54 120671

Neighborhood Composition

Property located in subdivision or
neighborhood occupied predominantly by
people age 55 or older
2589 25 75 309 383 405 293 259 203 113 144 129 174 78 108362
Property located in subdivision or
neighborhood not occupied predominantly
by people age 55 or older
24263 182 672 1457 2304 2696 2806 2789 2410 1785 2123 1497 2374 1170 143063
Don't know or not reported 9558 79 304 550 883 1270 1124 1187 870 578 850 541 939 383 136975

OWNER CHARACTERISTICS


Age of Owner

Under 25
328 8 35 42 69 37 32 46 17 17 14 0 5 6 85223
25 to 34 5182 33 144 344 531 824 745 695 528 378 359 214 282 106 124028
35 to 44 10436 52 214 529 1067 1201 1198 1282 986 694 1036 643 1106 427 143668
45 to 54 10399 73 220 664 1006 1155 1161 1082 1065 782 926 673 1033 559 146267
55 to 64 5579 55 194 298 440 638 634 654 540 373 460 358 563 372 145278
65 to 74 2178 25 98 180 250 205 234 243 176 113 151 136 272 96 135072
75 and over 668 6 40 71 71 114 41 81 39 26 47 45 62 24 119294
Not reported 1640 34 106 189 136 196 178 154 132 91 124 97 163 41 122442
Median 46 49 49 47 45 45 45 45 46 46 46 48 48 50 ...

Race of Owner

White alone
31761 248 875 1809 3004 3841 3690 3760 3100 2211 2805 1943 3065 1411 141050
Black or African American alone 2840 37 172 433 461 428 345 279 243 132 113 50 108 37 94788
American Indian or Alaska Native alone 194 0 4 13 20 25 28 35 15 17 3 5 24 6 129375
Asian alone 1241 0 0 25 37 46 96 129 90 90 171 152 257 149 231776
Native Hawaiian or Other Pacific
Islander alone
115 0 0 4 0 5 5 17 26 11 9 9 20 9 175512
Two or more races 260 0 0 33 47 27 59 15 9 15 16 7 14 19 110063

Sex of Owner

Male/Male and female co-owners
30105 181 732 1646 2782 3369 3475 3599 2871 2175 2811 1926 3072 1469 144929
Female 6305 104 319 671 787 1003 748 637 611 301 306 241 415 162 108977

Hispanic/Latino Origin

Hispanic/Latino owner(s) only
2927 16 132 210 316 364 303 360 304 188 323 146 194 71 133489
No Hispanic/Latino owner(s) 33483 269 919 2106 3253 4007 3920 3876 3178 2288 2793 2021 3293 1559 139623

Income

Less than $5,000
3018 49 105 284 360 429 334 300 207 155 257 159 271 107 121130
$5,000 to $9,999 331 19 35 77 57 22 25 14 26 13 15 12 9 7 72079
$10,000 to $14,999 595 22 79 136 115 62 51 50 27 13 11 3 19 8 70563
$15,000 to $19,999 889 31 115 156 163 104 94 71 36 29 41 8 19 21 77384
$20,000 to $24,999 1244 27 137 182 225 196 161 114 60 39 32 45 24 4 85290
$25,000 to $29,999 1574 18 106 196 346 279 146 179 112 33 63 44 39 12 88664
$30,000 to $34,999 1738 15 101 234 289 319 235 160 152 83 75 28 37 11 94409
$35,000 to $39,999 1668 17 65 172 260 394 223 168 134 64 72 40 56 2 96216
$40,000 to $49,999 3858 36 113 293 645 645 593 507 297 238 175 122 154 41 108332
$50,000 to $59,999 3717 20 58 213 404 610 685 569 415 184 247 143 122 48 120219
$60,000 to $79,999 6352 14 74 235 443 739 928 997 813 610 624 380 388 106 143607
$80,000 to $99,999 4089 11 34 74 162 305 429 601 584 437 546 319 478 108 168299
$100,000 to $119,999 2629 7 7 23 48 130 177 285 309 268 426 304 482 164 207213
$120,000 or more 4709 0 22 41 53 136 141 221 312 310 534 557 1389 992 303831
Median 58852 24073 27580 32728 39407 45891 53644 59742 66803 72701 78348 86100 105275 1881618 ...
Mean 72951 28998 33755 37390 40716 49118 54195 62079 69126 74912 86680 91856 122161 216302 219240

Owned Home Previously

Previously owned home
20301 90 333 766 1295 1949 2110 2442 2109 1592 2168 1579 2581 1287 163811
Never owned home before 14820 164 630 1395 2136 2267 1960 1655 1277 838 861 537 778 322 110435
Not reported 1290 31 88 156 138 155 153 138 96 46 88 51 128 22 112495

MORTGAGE CHARACTERISTICS


Number of Mortgages

1 mortgage
27072 221 911 1963 2801 3391 3193 3105 2496 1812 2181 1520 2305 1172 133492
2 mortgages 8311 61 126 324 712 835 920 995 868 583 855 580 1056 396 155255
3 or more mortgages 1027 3 13 30 56 145 110 135 118 81 81 68 126 62 154558

Form of Debt of First Mortgage

Mortgage or deed of trust
36410 285 1051 2317 3569 4371 4223 4235 3482 2476 3117 2167 3487 1630 139102
Contract to purchase 0 0 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 0 0

Holder's Acquisition of First Mortgage

Originated directly from borrower
15811 175 600 1129 1520 1859 1776 1779 1551 987 1170 895 1617 754 136904
Purchased from present servicer 10167 34 252 669 1033 1216 1244 1274 942 710 946 640 853 354 137467
Purchased from someone else 10432 77 198 519 1017 1296 1203 1182 989 778 1001 632 1017 522 144173
Not reported 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

Total Outstanding Debt as a Percent
of Value

Less than 20 percent
2684 11 34 157 200 249 273 198 208 205 217 221 440 271 176455
20 to 29 percent 2170 0 23 86 154 177 239 215 170 179 213 182 279 254 178020
30 to 39 percent 2808 5 45 126 179 245 266 259 271 197 270 260 430 252 175823
40 to 49 percent 3568 5 114 156 304 443 331 406 264 263 313 210 520 239 152324
50 to 59 percent 4916 24 118 258 441 491 483 520 525 387 532 308 589 241 155898
60 to 69 percent 5204 18 170 337 495 528 621 569 523 317 558 461 470 136 144000
70 to 79 percent 5549 13 124 349 503 725 687 801 585 455 527 235 391 155 136662
80 to 89 percent 4023 15 109 224 502 544 568 632 496 248 278 176 192 39 126952
90 to 99 percent 3188 19 128 270 484 645 498 425 283 149 145 52 74 15 102384
100 percent or more 1764 147 127 300 259 257 201 166 122 53 46 24 51 10 83775
Not reported or not computed 537 27 60 53 48 66 56 44 34 23 18 37 52 19 106472
Median 63 12094 70 70 70 70 68 69 65 60 60 56 51 41 ...

MORTGAGE PAYMENTS AND OTHER EXPENSES


Monthly Interest and Principal Payments
on Total Mortgages

Regular monthly payments of
interest and/or principal
35438 263 959 2232 3472 4252 4135 4163 3415 2405 3084 2100 3392 1568 139452
Less than $100 184 32 14 22 21 13 21 20 0 7 16 14 3 0 84858
$100 to $199 738 67 156 123 107 72 71 42 32 9 27 11 15 5 64290
$200 to $299 1906 28 336 481 369 280 147 94 31 34 34 25 47 0 65835
$300 to $399 2838 29 275 683 691 435 273 155 94 63 51 49 33 9 72520
$400 to $499 3179 36 86 457 873 711 372 221 141 77 76 42 61 26 83867
$500 to $599 3616 9 20 220 647 934 694 374 242 138 164 82 71 20 99524
$600 to $699 3501 15 28 117 390 753 758 507 370 172 184 85 110 12 114754
$700 to $799 3046 18 3 33 155 484 655 598 371 191 217 145 157 19 132324
$800 to $899 2699 4 12 22 77 267 450 634 487 318 260 63 81 25 145411
$900 to $999 2389 4 4 15 35 108 253 515 509 354 302 150 124 17 162847
$1,000 to $1,249 4324 11 12 42 59 151 347 654 662 565 800 469 460 91 184899
$1,250 to $1,499 2383 11 4 5 21 20 47 200 262 290 479 351 534 160 234757
$1,500 or more 4638 0 10 15 25 23 48 147 214 189 474 611 1697 1185 366402
Median 758 314 292 372 463 566 665 811 887 955 1066 1204 7856 3386412 ...
Mean 955 397 332 409 507 634 702 851 930 983 1088 1360 1637 2742 224875
No regular monthly payments
required
972 23 92 84 98 119 88 72 68 71 33 67 95 63 119994

Real Estate Tax

Acquired before 2000
31331 252 962 1976 3117 3736 3733 3570 2977 2070 2636 1876 3025 1400 138230
Less than $100 5558 119 342 630 742 815 609 630 381 255 313 240 376 106 105410
$100 to $199 329 38 61 87 49 33 16 25 0 0 4 11 0 5 54919
$200 to $299 455 38 52 142 117 50 28 7 10 0 7 5 0 0 59375
$300 to $399 786 34 106 195 173 108 80 32 15 13 12 9 9 0 66756
$400 to $499 793 11 100 101 207 159 82 53 49 8 6 4 14 0 77837
$500 to $599 826 11 17 142 185 225 111 61 37 18 13 0 5 0 85085
$600 to $699 995 0 69 131 194 203 156 88 70 17 41 14 10 0 90157
$700 to $799 1008 0 51 89 166 202 181 127 44 29 63 31 25 0 99636
$800 to $899 998 0 24 88 179 214 213 107 78 26 19 19 12 19 99435
$900 to $999 949 0 40 43 139 181 237 114 72 33 41 11 38 0 107486
$1,000 to $1,249 2862 0 82 120 299 413 510 526 299 179 184 104 105 40 125316
$1,250 to $1,499 1701 0 4 94 179 227 287 243 256 129 140 62 72 7 131062
$1,500 to $1,999 3423 0 0 95 264 387 486 514 566 342 376 166 178 48 148307
$2,000 to $2,499 2775 0 0 0 206 272 273 369 357 328 382 268 239 80 168653
$2,500 or more 7634 0 0 0 0 212 423 659 734 679 1026 898 1918 1086 254737
Not reported 239 0 14 19 18 35 39 17 9 13 8 32 24 11 121492
Median 1249 118 318 361 640 826 1065 1258 1653 1968 2123 2456 21735565 36059074 ...
Mean 1817 164 370 466 739 940 1202 1442 1773 2105 2332 2656 3440 6418 259223
Acquired 2000 and 2001 (part) 5079 33 89 341 452 635 490 665 505 406 481 291 462 230 143782

Real Estate Tax Per $1,000 Value

Acquired before 2000
31331 252 962 1976 3117 3736 3733 3570 2977 2070 2636 1876 3025 1400 138230
Less than $5 7627 95 360 758 930 1017 797 829 557 353 505 388 696 342 120509
$5 to $9 8326 17 90 359 658 934 978 903 852 570 798 582 990 596 156586
$10 to $14 6816 19 174 339 579 691 902 805 727 531 628 424 716 281 146856
$15 to $19 3618 30 76 165 374 438 433 471 431 277 300 207 307 109 140519
$20 to $24 2098 14 45 113 191 237 212 309 150 183 237 184 196 27 144123
$25 to $29 990 0 17 76 134 144 165 119 132 59 80 19 35 9 118714
$30 to $39 1605 74 178 146 233 240 206 117 119 84 80 40 61 25 94278
$40 to $49 7 0 7 0 0 0 0 0 0 0 0 0 0 0 30000
$50 to $59 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
$60 or more 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Not reported or not computed 243 4 14 19 18 35 39 17 9 13 8 32 24 11 120364
Median 10 13 11 8 10 9 10 10 11 11 10 10 9 8 ...
Acquired 2000 and 2001 (part) 5079 33 89 341 452 635 490 665 505 406 481 291 462 230 143782

Source: U.S. Census Bureau | Residential Finance Survey |  Last Revised: 2012-08-02T15:15:13.203-04:00