U.S. Department of Commerce

Residential Finance Survey

Skip top of page navigation
You are here: Census.govPeople and HouseholdsResidential Finance Survey MainData › ›

Residential Finance Survey: 2001 - West
Table 3-1e. Mortgage Status, 2- to 4-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

2- to 4-housing-unit properties
205 67 138 134 4

PROPERTY CHARACTERISTICS


Property Location by Geographic Area

Inside MAs
167 53 114 112 2
In central cities 81 19 62 62 0
Not in central cities 86 34 52 50 2
Outside MAs 38 14 24 22 2

Manner of Acquisition

By purchase
185 50 134 130 4
Placed one new mortgage 133 20 113 111 2
Placed two or more new mortgages 8 3 5 5 0
Assumed mortgage(s) already on property 7 2 5 5 0
Assumed mortgage(s) already on property
and placed new mortgage
3 0 3 3 0
Borrowed using assets other than this
property as collateral
4 2 2 2 0
Paid all cash-no borrowing 27 21 7 5 2
Other manner 3 3 0 0 0
By inheritance or gift 16 14 2 2 0
By divorce 2 0 2 2 0
By some other manner 1 1 0 0 0
Not reported 2 2 0 0 0

Source of Downpayment@1

Properties purchased
1995 to 2001 (part)
74 5 69 69 0
Sale of previous home 18 4 14 14 0
Sale of other real property or other
investments
7 0 7 7 0
Savings 40 1 39 39 0
Borrowing from a retirement plan 5 0 5 5 0
Borrowing using assets other than this
property as collateral
0 0 0 0 0
Proceeds from an insurance policy 0 0 0 0 0
Payments in a lease-purchase agreement 0 0 0 0 0
From a state or local government source 0 0 0 0 0
From a non-profit organization 0 0 0 0 0
From parents or relatives 12 0 12 12 0
Other 0 0 0 0 0
No downpayment required 0 0 0 0 0
Not reported 0 0 0 0 0
Other properties 132 62 69 65 4
Not reported 0 0 0 0 0

Year Property Acquired

1999 to 2001 (part)
44 2 42 42 0
1997 and 1998 18 1 16 16 0
1995 and 1996 17 3 14 14 0
1990 to 1994 38 16 23 23 0
1985 to 1989 17 6 11 11 0
1980 to 1984 13 2 11 9 3
1975 to 1979 11 4 7 7 0
1970 to 1974 14 10 4 4 0
1969 or earlier 32 23 10 8 2

Building and Land Acquisition

Acquired at same time
174 45 129 125 4
Not acquired at same time 25 21 4 4 1
Land not owned by building owner 2 0 2 2 0
Not reported 4 1 3 3 0

Property New or Previously Occupied When
Acquired

Acquired by purchase
185 50 134 130 4
New 33 19 13 13 1
Previously occupied by someone else 151 30 121 117 4
Converted from non-residential use 0 0 0 0 0
Other 0 0 0 0 0
Not reported 1 1 0 0 0
Other properties 19 15 4 4 0
Not reported 2 2 0 0 0

Year Structure Built

1999 to March 2000
5 2 4 4 0
1997 and 1998 2 0 2 2 0
1995 and 1996 2 1 1 1 0
1990 to 1994 12 6 6 6 0
1980 to 1989 29 1 28 28 1
1970 to 1979 22 12 10 10 0
1960 to 1969 15 8 7 5 2
1950 to 1959 34 10 23 23 0
1940 to 1949 19 8 11 9 2
1939 or earlier 66 19 46 46 0

Purchase Price Per Housing Unit@8

Properties acquired by
purchase 1997 to 2001 (part)
58 3 55 55 0
Less than $20,000 0 0 0 0 0
$20,000 to $39,999 7 0 7 7 0
$40,000 to $59,999 7 1 6 6 0
$60,000 to $79,999 11 0 11 11 0
$80,000 to $99,999 2 0 2 2 0
$100,000 to $124,999 8 2 6 6 0
$125,000 to $149,999 4 0 4 4 0
$150,000 to $174,999 5 0 5 5 0
$175,000 to $199,999 1 0 1 1 0
$200,000 to $249,999 3 0 3 3 0
$250,000 to $299,999 4 0 4 4 0
$300,000 to $499,999 4 0 4 4 0
$500,000 or more 2 0 2 2 0
Median 106369 102044 107713 107713 20000-
Mean 147814 79960 151898 151898 0
Other properties 147 64 83 79 4

Value

Less than $20,000
3 3 0 0 0
$20,000 to $39,999 0 0 0 0 0
$40,000 to $59,999 3 3 0 0 0
$60,000 to $79,999 17 7 10 10 0
$80,000 to $99,999 9 0 9 9 0
$100,000 to $124,999 15 6 9 9 0
$125,000 to $149,999 5 1 4 4 0
$150,000 to $174,999 15 7 7 7 0
$175,000 to $199,999 13 1 12 12 0
$200,000 to $249,999 31 9 23 21 2
$250,000 to $299,999 12 8 3 2 2
$300,000 to $499,999 45 15 29 29 0
$500,000 or more 38 7 31 30 1
Median 235811 230503 237808 236527 251394
Mean 317196 232639 358545 360515 293897

Value Per Housing Unit@8

Less than $20,000
3 3 0 0 0
$20,000 to $39,999 24 13 11 11 0
$40,000 to $59,999 21 5 17 17 0
$60,000 to $79,999 18 7 11 11 0
$80,000 to $99,999 19 3 17 17 0
$100,000 to $124,999 31 9 23 21 2
$125,000 to $149,999 15 8 7 5 2
$150,000 to $174,999 14 6 9 9 0
$175,000 to $199,999 17 4 12 12 0
$200,000 to $249,999 11 5 6 6 0
$250,000 to $299,999 4 3 1 1 0
$300,000 to $499,999 19 2 17 16 1
$500,000 or more 10 0 10 10 0
Median 113844 109710 115401 114421 125697
Mean 146630 110376 164358 164888 146949

Purchase Price as Percent of Value@8

Acquired by purchase
185 50 134 130 4
Purchased 1997 to 2001 (part) 58 3 55 55 0
Less than 60 percent 19 2 18 18 0
60 to 69 percent 5 0 5 5 0
70 to 79 percent 5 1 4 4 0
80 to 99 percent 26 0 26 26 0
100 percent or more 2 0 2 2 0
Median 78 60- 80 80 60-
Purchased 1990 to 1996 (part) 47 10 37 37 0
Less than 40 percent 9 2 7 7 0
40 to 59 percent 8 0 8 8 0
60 to 79 percent 11 4 7 7 0
80 to 99 percent 12 0 12 12 0
100 percent or more 6 4 3 3 0
Median 70 72 69 69 40-
Purchased 1989 or earlier 79 37 43 39 4
Less than 20 percent 22 17 5 3 2
20 to 39 percent 20 7 12 12 0
40 to 59 percent 12 2 10 10 0
60 to 79 percent 11 4 7 4 3
80 to 99 percent 3 2 1 1 0
100 percent or more 11 3 8 8 0
Median 37 23 48 47 63
Not acquired by purchase 21 17 4 4 0

Value of Capital Improvements

Properties with capital
improvements between 1998
and 2000
111 25 86 84 2
Less than $500 4 4 0 0 0
$500 to $999 2 0 2 2 0
$1,000 to $2,499 19 3 16 16 0
$2,500 to $4,999 18 4 14 14 1
$5,000 to $7,499 17 0 16 16 0
$7,500 to $9,999 4 2 2 2 0
$10,000 to $14,999 12 4 8 8 0
$15,000 to $19,999 5 1 4 4 0
$20,000 to $29,999 8 2 6 6 0
$30,000 or more 22 5 17 16 2
Median 6914 8803 6711 6637 30000+
Mean 16903 15321 17355 17030 30464
Properties with no capital
improvements between 1998 and 2000
81 35 46 44 2
Capital improvements not
reported
14 8 6 6 0

Value of Capital Improvements Per Unit

Properties with capital
improvements between 1998
and 2000
111 25 86 84 2
Less than $500 6 4 3 3 0
$500 to $999 8 1 6 6 0
$1,000 to $2,499 32 6 26 26 1
$2,500 to $4,999 22 5 18 18 0
$5,000 to $7,499 9 2 7 7 0
$7,500 to $9,999 4 0 4 4 0
$10,000 to $14,999 7 2 5 5 0
$15,000 to $19,999 6 2 4 4 0
$20,000 to $29,999 6 0 6 4 2
$30,000 or more 10 3 7 7 0
Median 3536 3188 3624 3555 23198
Mean 7689 7355 7784 7599 15232
Properties with no capital
improvements between 1998 and 2000
81 35 46 44 2
Capital improvements not
reported
14 8 6 6 0

Age Restrictions

Property located in subdivision
restricted to people age 55 or older
13 7 6 6 0
Property located in subdivision not
restricted to people age 55 or older
186 57 130 126 4
Not reported 6 4 3 3 0

Neighborhood Composition

Property located in subdivision or
neighborhood occupied predominantly by
people age 55 or older
15 7 8 8 0
Property located in subdivision or
neighborhood not occupied predominantly
by people age 55 or older
131 39 92 89 4
Don't know or not reported 59 22 37 37 1

Type of Property Benefits@1

Government-sponsored below-market
interest rate mortgage loan
2 0 2 2 0
Other government grant or subsidy 2 2 0 0 0
Property tax relief 5 3 2 2 0
Subsidy from a non-profit corporation 0 0 0 0 0
None of the above benefits 162 50 112 109 3
Not reported 34 12 22 21 2

Source of Property Benefits@1

With property benefits
9 5 4 4 0
Federal government 0 0 0 0 0
State government 6 3 2 2 0
Local government 2 0 2 2 0
Non-profit corporation 0 0 0 0 0
Not reported 2 2 0 0 0
With no property benefits 162 50 112 109 3
Not reported 34 12 22 21 2

Reason for Benefits@1

With property benefits
9 5 4 4 0
Occupied by low- or moderate-income
individuals
1 1 0 0 0
Occupied by elderly or disabled
individuals
2 0 2 2 0
A historic structure 0 0 0 0 0
Located in a community development or
economic development area
0 0 0 0 0
Covered by a Homestead Exemption 0 0 0 0 0
Covered by a Community Land Trust 0 0 0 0 0
Covered by disaster relief 0 0 0 0 0
Other reason 2 2 0 0 0
Not reported 4 2 2 2 0
With no property benefits 162 50 112 109 3
Not reported 34 12 22 21 2

OWNER CHARACTERISTICS


Owner Status

1 owner
94 41 53 51 2
2 owners 92 20 72 69 3
3 or more owners 20 6 13 13 0

Age of Owner

Under 25
0 0 0 0 0
25 to 34 11 0 11 11 0
35 to 44 31 0 31 31 0
45 to 54 37 1 36 36 0
55 to 64 37 9 28 28 0
65 to 74 47 26 21 18 4
75 and over 28 21 7 6 1
Not reported 15 10 5 5 0
Median 59 71 51 51 70

Race of Owner

White alone
180 64 116 112 4
Black or African American alone 7 1 5 5 0
American Indian or Alaska Native alone 0 0 0 0 0
Asian alone 13 2 11 11 0
Native Hawaiian or Other Pacific
Islander alone
5 0 5 5 0
Two or more races 0 0 0 0 0

Sex of Owner

Male/Male and female co-owners
145 31 114 112 3
Female 60 36 23 22 2

Hispanic/Latino Origin

Hispanic/Latino owner(s) only
46 11 34 34 0
No Hispanic/Latino owner(s) 160 56 103 99 4

Veteran Status@1

Veteran
61 20 41 40 1
Active member of Reserves or National
Guard for at least 6 years
6 2 4 4 0
Persian Gulf War or after
(August 1990 to present)
5 0 5 5 0
Vietnam or after
(August 1964 to July 1990)
27 6 21 21 0
Korean conflict or after
(July 1950 to July 1964)
15 6 9 9 0
World War II or after
(September 1940 to June 1950)
16 11 5 4 1
Nonveteran 127 37 90 86 4
Not reported 18 11 7 7 0

Income

Less than $5,000
17 7 9 9 0
$5,000 to $9,999 0 0 0 0 0
$10,000 to $14,999 9 6 3 3 0
$15,000 to $19,999 8 1 7 7 0
$20,000 to $24,999 17 7 10 10 0
$25,000 to $29,999 17 14 3 3 0
$30,000 to $34,999 9 4 5 5 0
$35,000 to $39,999 11 3 8 8 0
$40,000 to $49,999 11 2 9 9 0
$50,000 to $59,999 21 4 17 17 0
$60,000 to $79,999 40 16 24 24 1
$80,000 to $99,999 14 0 14 12 2
$100,000 to $119,999 9 0 8 8 0
$120,000 or more 24 4 20 18 2
Median 52093 29588 58333 57146 99442
Mean 71362 49168 82215 74379 339347

Owned Home Previously

Previously owned home
132 45 86 82 4
Never owned home before 62 13 49 49 0
Not reported 12 9 3 3 0

RECURRING EXPENSES


Real Estate Tax Per Housing Unit

Acquired before 2000
186 67 119 115 4
Less than $100 25 12 13 12 2
$100 to $199 8 7 1 1 0
$200 to $299 13 1 12 12 0
$300 to $399 11 7 4 4 0
$400 to $499 11 3 9 9 0
$500 to $599 21 16 5 5 0
$600 to $699 14 1 13 13 0
$700 to $799 9 0 9 9 0
$800 to $899 0 0 0 0 0
$900 to $999 4 0 4 4 0
$1,000 to $1,249 24 8 16 14 2
$1,250 to $1,499 3 0 3 3 0
$1,500 to $1,999 11 2 9 8 1
$2,000 to $2,499 12 8 5 5 0
$2,500 or more 14 0 14 14 0
Not reported 6 3 3 3 0
Median 600 512 711 706 1063
Mean 926 676 1064 1077 697
Acquired 2000 and 2001 (part) 19 0 19 19 0

Real Estate Tax Per $1,000 Value

Acquired before 2000
186 67 119 115 4
Less than $5 59 26 33 31 2
$5 to $9 64 18 46 43 3
$10 to $14 39 9 29 29 0
$15 to $19 11 6 5 5 0
$20 to $24 3 3 0 0 0
$25 to $29 2 2 0 0 0
$30 to $39 3 0 3 3 0
$40 to $49 0 0 0 0 0
$50 to $59 0 0 0 0 0
$60 or more 0 0 0 0 0
Not reported or not computed 6 3 3 3 0
Median 7 6 7 7 5
Acquired 2000 and 2001 (part) 19 0 19 19 0

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