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Residential Finance Survey - Detailed Regional Tables: 2001

Residential Finance Survey: 2001 - West
Table 2-1e. Mortgage Status, 1-Unit Homeowner Properties
^Number of 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.
@3Permanent (closed end) mortgages - excludes properties with home equity lines of credit as only mortgage^^

Mortgaged properties
Total properties Nonmortgaged properties Total mortgaged properties Properties with traditional
first mortgage@3
Properties with home
equity line of credit only

1-housing-unit properties
11387 2920 8468 8263 205

PROPERTY CHARACTERISTICS


Property Location by Geographic Area

Inside MAs
9726 2293 7433 7253 180
In central cities 3728 985 2743 2675 68
Not in central cities 5998 1308 4690 4578 112
Outside MAs 1662 627 1035 1010 25

Manner of Acquisition

By purchase
10953 2662 8292 8105 186
Placed one new mortgage 8949 1496 7453 7343 111
Placed two or more new mortgages 350 26 324 324 0
Assumed mortgage(s) already on property 450 170 280 257 23
Assumed mortgage(s) already on property
and placed new mortgage
80 15 66 62 3
Borrowed using assets other than this
property as collateral
79 37 42 26 16
Paid all cash-no borrowing 1015 900 115 81 34
Other manner 30 18 12 12 0
By inheritance or gift 295 219 76 61 15
By divorce 24 12 12 12 0
By some other manner 0 0 0 0 0
Not reported 115 27 88 85 4

Source of Downpayment@1

Properties purchased
1995 to 2001 (part)
4829 496 4333 4304 29
Sale of previous home 1624 246 1377 1364 13
Sale of other real property or other
investments
334 36 298 292 6
Savings 2461 178 2284 2275 9
Borrowing from a retirement plan 226 6 220 220 0
Borrowing using assets other than this
property as collateral
69 12 57 57 0
Proceeds from an insurance policy 50 8 41 41 0
Payments in a lease-purchase agreement 29 8 21 21 0
From a state or local government source 52 0 52 48 4
From a non-profit organization 5 0 5 5 0
From parents or relatives 452 29 422 422 0
Other 19 0 19 19 0
No downpayment required 305 47 258 253 5
Not reported 140 24 116 116 0
Other properties 6500 2419 4080 3904 176
Not reported 58 4 54 54 0

Year Property Acquired

1999 to 2001 (part)
2238 229 2008 2000 9
1997 and 1998 1616 226 1390 1387 4
1995 and 1996 1193 176 1017 1000 17
1990 to 1994 1792 327 1465 1439 26
1985 to 1989 1261 252 1009 984 25
1980 to 1984 768 201 566 546 20
1975 to 1979 866 324 542 522 20
1970 to 1974 568 317 251 211 40
1969 or earlier 1085 866 219 174 45

Building and Land Acquisition

Acquired at same time
10387 2553 7834 7644 190
Not acquired at same time 786 333 453 438 15
Land not owned by building owner 106 13 94 94 0
Not reported 108 21 87 87 0

Property New or Previously Occupied When
Acquired

Acquired by purchase
10953 2662 8292 8105 186
New 3170 1024 2147 2078 69
Previously occupied by someone else 7731 1629 6102 5984 118
Converted from non-residential use 3 0 3 3 0
Other 12 4 9 9 0
Not reported 37 5 32 32 0
Other properties 318 231 88 73 15
Not reported 115 27 88 85 4

Year Structure Built

1999 to March 2000
534 58 476 476 0
1997 and 1998 595 91 503 503 0
1995 and 1996 517 44 473 464 9
1990 to 1994 1084 199 885 867 18
1980 to 1989 1848 310 1539 1520 19
1970 to 1979 2092 576 1515 1473 43
1960 to 1969 1402 492 910 871 39
1950 to 1959 1700 622 1078 1046 32
1940 to 1949 728 231 496 468 28
1939 or earlier 888 296 592 575 17

Purchase Price

Properties acquired by
purchase 1997 to 2001 (part)
3715 374 3341 3329 12
Less than $20,000 65 34 31 31 0
$20,000 to $39,999 98 36 63 63 0
$40,000 to $59,999 109 32 77 68 9
$60,000 to $79,999 174 14 160 160 0
$80,000 to $99,999 336 33 303 303 0
$100,000 to $124,999 469 41 428 428 0
$125,000 to $149,999 461 31 430 430 0
$150,000 to $174,999 419 33 386 382 4
$175,000 to $199,999 264 9 255 255 0
$200,000 to $249,999 399 18 381 381 0
$250,000 to $299,999 287 43 244 244 0
$300,000 to $499,999 428 31 398 398 0
$500,000 or more 207 21 187 187 0
Median 158768 123624 161666 161942 54292
Mean 206829 175652 210320 210774 88207
Other properties 7672 2546 5126 4934 193

Value

Less than $20,000
94 73 21 21 0
$20,000 to $39,999 213 122 91 79 12
$40,000 to $59,999 267 138 130 122 8
$60,000 to $79,999 492 223 269 265 4
$80,000 to $99,999 840 243 598 590 7
$100,000 to $124,999 1163 327 836 816 20
$125,000 to $149,999 1144 223 921 918 3
$150,000 to $174,999 1158 289 869 833 36
$175,000 to $199,999 809 155 654 638 15
$200,000 to $249,999 1285 301 984 960 24
$250,000 to $299,999 985 244 741 729 12
$300,000 to $499,999 1906 417 1489 1444 45
$500,000 or more 1031 165 866 848 18
Median 184943 159591 194120 194106 194731
Mean 246507 204412 261021 261530 240480

Purchase Price as Percent of Value@8

Acquired by purchase
10953 2662 8292 8105 186
Purchased 1997 to 2001 (part) 3715 374 3341 3329 12
Less than 60 percent 415 73 342 342 0
60 to 69 percent 463 83 380 380 0
70 to 79 percent 631 36 595 595 0
80 to 99 percent 1524 131 1393 1388 4
100 percent or more 679 51 628 620 8
Median 85 79 85 85 2177
Purchased 1990 to 1996 (part) 2845 413 2432 2394 38
Less than 40 percent 213 40 173 166 7
40 to 59 percent 516 88 428 428 0
60 to 79 percent 1098 183 914 890 24
80 to 99 percent 703 85 618 612 6
100 percent or more 307 13 294 294 0
Median 73 68 73 74 70
Purchased 1989 or earlier 4393 1874 2519 2383 136
Less than 20 percent 1365 809 556 489 67
20 to 39 percent 980 344 636 617 19
40 to 59 percent 892 305 587 577 10
60 to 79 percent 752 354 398 361 37
80 to 99 percent 191 50 141 141 0
100 percent or more 213 12 201 198 3
Median 37 27 42 43 21
Not acquired by purchase 434 258 176 157 18

Value-Income Ratio

Less than 1.0
402 190 212 208 4
1.0 to 1.4 659 188 471 452 19
1.5 to 1.9 1049 169 880 865 15
2.0 to 2.4 1276 190 1085 1068 17
2.5 to 2.9 1212 165 1046 1029 18
3.0 to 3.4 1019 201 818 793 25
3.5 to 3.9 790 144 646 631 15
4.0 or more 4152 1379 2773 2690 84
Not reported or not computed 829 293 536 526 10
Median 3.3 51.5 3.2 3.2 3.5

Value of Capital Improvements

Properties with capital
improvements between 1998
and 2000
5804 1120 4683 4561 122
Less than $500 95 36 60 56 4
$500 to $999 214 48 166 163 3
$1,000 to $2,499 943 185 759 742 17
$2,500 to $4,999 851 236 614 598 17
$5,000 to $7,499 1005 202 804 778 26
$7,500 to $9,999 321 59 261 261 0
$10,000 to $14,999 776 137 639 603 36
$15,000 to $19,999 480 62 418 414 3
$20,000 to $29,999 496 57 439 428 11
$30,000 or more 623 98 524 519 5
Median 6986 5691 7312 7324 6953
Mean 13060 9764 13849 13957 9797
Properties with no capital
improvements between 1998 and 2000
4446 1409 3037 2958 79
Capital improvements not
reported
1137 390 747 744 4

Age Restrictions

Property located in subdivision
restricted to people age 55 or older
468 106 362 362 0
Property located in subdivision not
restricted to people age 55 or older
10494 2644 7851 7646 205
Not reported 425 170 255 255 0

Neighborhood Composition

Property located in subdivision or
neighborhood occupied predominantly by
people age 55 or older
805 331 475 458 17
Property located in subdivision or
neighborhood not occupied predominantly
by people age 55 or older
7323 1562 5761 5637 124
Don't know or not reported 3259 1027 2232 2168 64

Type of Property Benefits@1

Government-sponsored below-market
interest rate mortgage loan
141 17 124 118 5
Other government grant or subsidy 59 4 55 55 0
Property tax relief 402 169 233 218 15
Subsidy from a non-profit corporation 0 0 0 0 0
None of the above benefits 8775 2200 6575 6419 156
Not reported 2014 529 1484 1456 29

Source of Property Benefits@1

With property benefits
598 190 409 388 21
Federal government 149 20 129 123 5
State government 231 87 143 139 5
Local government 172 61 111 101 10
Non-profit corporation 0 0 0 0 0
Not reported 50 25 25 25 0
With no property benefits 8775 2200 6575 6419 156
Not reported 2014 529 1484 1456 29

Reason for Benefits@1

With property benefits
598 190 409 388 21
Occupied by low- or moderate-income
individuals
191 31 160 147 13
Occupied by elderly or disabled
individuals
147 86 61 61 0
A historic structure 7 0 7 7 0
Located in a community development or
economic development area
49 4 45 39 5
Covered by a Homestead Exemption 94 17 77 69 8
Covered by a Community Land Trust 0 0 0 0 0
Covered by disaster relief 14 0 14 14 0
Other reason 138 50 87 87 0
Not reported 39 18 22 22 0
With no property benefits 8775 2200 6575 6419 156
Not reported 2014 529 1484 1456 29

OWNER CHARACTERISTICS


Owner Status

1 owner
3766 1365 2401 2329 71
2 owners 7405 1485 5920 5787 134
3 or more owners 217 70 147 147 0

Age of Owner

Under 25
47 4 42 42 0
25 to 34 1014 31 984 975 9
35 to 44 2505 120 2386 2364 22
45 to 54 2708 286 2422 2384 38
55 to 64 1986 550 1436 1365 71
65 to 74 1384 743 641 586 55
75 and over 1154 929 224 214 10
Not reported 590 257 333 333 0
Median 52 70 48 47 60

Race of Owner

White alone
10029 2655 7374 7195 179
Black or African American alone 370 108 262 254 8
American Indian or Alaska Native alone 124 25 99 99 0
Asian alone 666 102 564 552 12
Native Hawaiian or Other Pacific
Islander alone
111 8 102 99 4
Two or more races 88 22 66 63 3

Sex of Owner

Male/Male and female co-owners
9147 2046 7101 6933 168
Female 2240 874 1367 1330 37

Hispanic/Latino Origin

Hispanic/Latino owner(s) only
1592 266 1326 1298 28
No Hispanic/Latino owner(s) 9796 2654 7142 6965 177

Veteran Status@1

Veteran
3042 1092 1950 1850 100
Active member of Reserves or National
Guard for at least 6 years
401 100 301 290 10
Persian Gulf War or after
(August 1990 to present)
184 7 177 174 3
Vietnam or after
(August 1964 to July 1990)
1393 241 1152 1108 44
Korean conflict or after
(July 1950 to July 1964)
850 402 448 398 50
World War II or after
(September 1940 to June 1950)
726 544 182 168 14
Nonveteran 7773 1622 6150 6053 97
Not reported 572 205 367 360 8

Income

Less than $5,000
973 367 606 597 10
$5,000 to $9,999 181 120 61 58 4
$10,000 to $14,999 259 196 63 63 0
$15,000 to $19,999 435 203 232 228 4
$20,000 to $24,999 530 182 348 334 14
$25,000 to $29,999 531 195 337 331 6
$30,000 to $34,999 629 234 395 379 15
$35,000 to $39,999 520 138 382 358 24
$40,000 to $49,999 1264 346 917 886 31
$50,000 to $59,999 1051 193 858 836 22
$60,000 to $79,999 1648 275 1373 1350 23
$80,000 to $99,999 1137 145 991 991 0
$100,000 to $119,999 835 98 737 710 27
$120,000 or more 1395 227 1168 1142 26
Median 53535 34209 60506 60911 48538
Mean 68952 47690 76283 76526 66485

Owned Home Previously

Previously owned home
7034 1887 5147 5021 127
Never owned home before 3940 844 3096 3017 78
Not reported 413 189 225 225 0

RECURRING EXPENSES


Real Estate Tax

Acquired before 2000
10085 2780 7304 7108 196
Less than $100 1715 554 1161 1143 18
$100 to $199 47 17 30 30 0
$200 to $299 127 90 37 37 0
$300 to $399 195 81 114 110 4
$400 to $499 309 169 140 136 3
$500 to $599 288 144 144 139 5
$600 to $699 406 164 242 239 3
$700 to $799 405 114 291 288 4
$800 to $899 444 148 296 264 31
$900 to $999 384 101 283 276 7
$1,000 to $1,249 1035 209 826 798 28
$1,250 to $1,499 683 155 529 521 7
$1,500 to $1,999 1234 297 937 883 54
$2,000 to $2,499 873 189 684 674 10
$2,500 or more 1823 263 1560 1538 22
Not reported 116 85 32 32 0
Median 1160 810 1284 1287 1204
Mean 1623 1100 1816 1820 1694
Acquired 2000 and 2001 (part) 1303 139 1164 1155 9

Real Estate Tax Per $1,000 Value

Acquired before 2000
10085 2780 7304 7108 196
Less than $5 3197 1226 1970 1912 59
$5 to $9 4142 797 3345 3247 98
$10 to $14 1798 435 1363 1339 24
$15 to $19 364 98 265 265 0
$20 to $24 125 41 84 75 9
$25 to $29 59 26 33 33 0
$30 to $39 280 73 207 204 3
$40 to $49 0 0 0 0 0
$50 to $59 0 0 0 0 0
$60 or more 4 0 4 0 4
Not reported or not computed 116 85 32 32 0
Median 7 6 7 8 7
Acquired 2000 and 2001 (part) 1303 139 1164 1155 9

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