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Residential Finance Survey: 2001 - United States
Table 5-6. Value Per Housing Unit, Rental and Vacant 2- to 4-Housing-Unit Mortgaged Properties
^Number of mortgaged 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.
Monthly Rental Receipts Per Housing Unit, Rental Receipts as Percent of Value, Rental Vacancy Losses as Percent of Potential Receipts, and Interest and Principal Payments on Total Mortgages as Percent of Rental Receipts acquired before 2000 exclude properties with less than half of units in rental market during all of the year preceding survey and cooperatively owned apartments^^

Value per housing unit
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
Not reported Median
(dollars)

2- to 4-housing-unit properties
with a traditional first mortgage
1118 87 249 224 189 101 91 60 34 14 15 14 23 17 0 59875

PROPERTY CHARACTERISTICS


Year Structure Built

1999 to March 2000
19 0 2 3 9 0 1 2 0 0 0 0 0 2 0 69206
1997 and 1998 17 0 5 0 4 6 2 0 0 0 0 0 0 0 0 77553
1995 and 1996 22 0 4 0 6 0 3 5 0 0 0 0 2 2 0 106375
1990 to 1994 49 1 9 4 7 8 5 7 2 2 0 0 5 0 0 90071
1980 to 1989 134 10 17 46 33 12 15 0 2 0 0 0 0 0 0 57689
1970 to 1979 136 6 20 32 33 10 14 2 4 0 0 2 6 7 0 66026
1960 to 1969 119 5 21 26 27 14 8 9 0 5 3 1 0 0 0 65629
1950 to 1959 136 20 35 23 13 9 7 4 12 3 5 4 2 0 0 51296
1940 to 1949 94 7 37 20 10 5 5 6 5 0 0 0 0 0 0 43258
1939 or earlier 393 39 99 72 47 37 31 25 10 4 7 7 8 6 0 56478

Purchase Price Per Housing Unit@8

Properties acquired by
purchase 1997 to 2001 (part)
410 23 88 106 64 51 27 17 16 1 0 4 3 10 0 57644
Less than $20,000 51 23 23 5 0 0 0 0 0 0 0 0 0 0 0 21712
$20,000 to $39,999 141 0 65 53 14 4 0 5 0 0 0 0 0 0 0 41951
$40,000 to $59,999 80 0 0 49 27 2 0 2 0 0 0 0 0 0 0 56316
$60,000 to $79,999 66 0 0 0 23 34 10 0 0 0 0 0 0 0 0 86007
$80,000 to $99,999 28 0 0 0 0 11 6 7 4 0 0 0 0 0 0 111019
$100,000 to $124,999 18 0 0 0 0 0 11 2 4 1 0 0 0 0 0 120594
$125,000 to $149,999 5 0 0 0 0 0 0 1 3 0 0 0 0 0 0 158019
$150,000 to $174,999 6 0 0 0 0 0 0 0 6 0 0 0 0 0 0 162500
$175,000 to $199,999 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
$200,000 to $249,999 4 0 0 0 0 0 0 0 0 0 0 4 0 0 0 275000
$250,000 to $299,999 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
$300,000 to $499,999 6 0 0 0 0 0 0 0 0 0 0 0 3 3 0 10847634
$500,000 or more 7 0 0 0 0 0 0 0 0 0 0 0 0 7 0 50250000
Median 43423 10000 26508 38436 53338 71576 92288 85289 131187 114160 0 225000 400000 2720562 0 ...
Mean 64889 12105 24952 40405 54904 71078 90588 75603 128862 117539 0 221389 375000 493511 0 308290
Other properties 708 64 161 118 125 50 64 42 18 13 15 11 20 7 0 61779

Monthly Rental Receipts Per Housing Unit

Acquired before 2000
944 71 215 190 160 74 83 47 31 11 15 12 23 12 0 59578
Less than $100 25 9 5 1 4 5 0 1 0 0 0 0 0 0 0 32287
$100 to $199 72 22 19 17 8 0 0 0 4 0 0 0 0 2 0 34696
$200 to $299 121 19 55 19 17 3 3 3 0 0 0 3 0 0 0 35128
$300 to $399 161 13 75 40 14 3 6 3 1 0 2 4 0 0 0 38056
$400 to $499 133 0 32 57 11 17 5 6 4 0 0 0 0 0 0 52038
$500 to $599 124 2 8 36 49 12 2 6 6 0 0 2 0 0 0 66473
$600 to $799 74 0 1 7 43 12 5 0 0 0 0 0 5 0 0 73223
$800 to $999 125 0 2 12 13 20 38 13 11 4 2 0 7 3 0 110042
$1000 or more 76 2 1 0 1 0 19 14 4 7 12 3 9 4 0 152211
No rental receipts 33 4 16 0 0 1 5 2 1 0 0 0 3 2 0 35682
Median 458 214 326 431 553 569 894 872 589 251096 334827 381 963 963 0 ...
Mean 528 217 306 420 508 545 777 739 625 1123 1304 881 1256 2193 0 207194
Acquired 2000 and 2001 (part) 175 16 34 34 29 27 7 13 3 3 0 3 0 5 0 61802

Rental Receipts as Percent of Value@8

Acquired before 2000
944 71 215 190 160 74 83 47 31 11 15 12 23 12 0 59578
Less than 5 percent 118 0 8 19 24 8 9 11 13 0 2 9 11 6 0 102563
5 to 9 percent 243 4 18 42 44 45 31 21 17 5 12 0 4 0 0 86227
10 to 14 percent 401 20 113 99 80 20 36 14 1 5 1 3 5 4 0 53650
15 to 19 percent 88 11 36 30 9 0 3 0 0 0 0 0 0 0 0 38800
20 to 24 percent 37 17 20 0 0 0 0 0 0 0 0 0 0 0 0 21504
25 to 29 percent 8 5 4 0 0 0 0 0 0 0 0 0 0 0 0 18021
30 to 39 percent 3 1 1 0 0 0 0 0 0 0 0 0 0 0 0 17633
40 percent or more 7 6 1 0 0 0 0 0 0 0 0 0 0 0 0 10963
Median 11 19 13 12 11 8 10 8 6 10 7 3 4 4 0 ...
Acquired 2000 and 2001 (part) 175 16 34 34 29 27 7 13 3 3 0 3 0 5 0 61802

Rental Vacancy Losses as Percent of
Potential Receipts

Acquired before 2000
944 71 215 190 160 74 83 47 31 11 15 12 23 12 0 59578
Less than 1.0 percent 331 19 51 47 78 27 42 24 15 3 5 4 14 3 0 72324
1.0 to 2.9 percent 22 1 6 6 4 1 0 1 2 0 0 1 0 0 0 53587
3.0 to 4.9 percent 38 1 4 13 8 4 3 0 0 2 2 0 0 0 0 61787
5.0 to 6.9 percent 24 5 10 2 3 0 0 3 2 0 0 0 0 0 0 35234
7.0 to 8.9 percent 56 3 11 15 9 10 0 0 1 0 5 0 0 0 0 57604
9.0 to 10.9 percent 34 1 18 12 0 0 0 3 0 0 0 0 0 0 0 37749
11.0 to 12.9 percent 21 0 12 5 2 2 0 0 0 0 0 0 0 0 0 37121
13.0 to 14.9 percent 5 0 0 4 1 0 0 0 0 0 0 0 0 0 0 53346
15.0 percent or more 133 14 32 32 21 13 5 3 5 0 0 3 0 6 0 52850
Not reported or not computed 279 26 72 53 33 17 34 13 6 5 3 4 9 3 0 55664
Median 1.1 5.3 7.3 7.0 0.8 3.4 0.6 0.7 0.9 1.0 3.9 1.2 0.5 36.0 0.0 ...
Acquired 2000 and 2001 (part) 175 16 34 34 29 27 7 13 3 3 0 3 0 5 0 61802

Age Restrictions

Property restricted to people
age 55 or older
240 22 56 33 37 28 25 13 4 4 2 5 2 10 0 64788
Property not restricted to people
age 55 or older
854 57 189 189 148 73 66 45 30 7 12 10 21 7 0 59215
Not reported 24 8 4 2 3 0 0 2 0 2 1 0 0 0 0 36082

OWNER CHARACTERISTICS


Type of Owner

Individual investor(s)
957 62 219 198 162 95 80 56 30 9 14 5 23 5 0 59941
Limited partnership 64 8 12 12 12 4 5 2 0 5 0 0 0 5 0 60736
Joint venture 8 2 3 0 1 0 2 0 0 0 0 0 0 0 0 34762
General partnership 11 3 0 0 6 0 1 0 0 0 0 0 0 0 0 66126
Life insurance company 5 0 0 0 0 0 1 0 0 0 0 3 0 0 0 266557
Depository institution 2 0 0 0 0 0 0 0 0 0 0 0 0 2 0 50250000
Public real estate investment trust 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 50000
Private real estate investment trust 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Corporation - other than real estate
investment trust
52 7 12 8 6 2 2 2 4 0 0 6 0 3 0 56138
Housing cooperative organization 4 4 0 0 0 0 0 0 0 0 0 0 0 0 0 10001
Non-profit or church-related institution 12 0 4 2 3 0 0 0 0 0 2 0 0 2 0 60651
Pension fund 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Fraternal organization 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Other 3 0 0 3 0 0 0 0 0 0 0 0 0 0 0 50000

MORTGAGE CHARACTERISTICS


Number of Mortgages

1 mortgage
961 77 212 190 168 74 83 48 34 14 12 14 21 14 0 60251
2 mortgages 148 10 36 33 21 24 7 11 0 0 2 0 2 2 0 57603
3 or more mortgages 9 0 2 2 0 3 0 0 0 0 2 0 0 0 0 82543

Total Outstanding Debt as a Percent
of Value

Less than 20 percent
90 7 9 20 19 4 11 9 1 0 0 4 2 5 0 69967
20 to 29 percent 108 4 17 15 4 16 6 13 7 1 9 2 10 3 0 96397
30 to 39 percent 129 4 19 16 26 7 18 9 10 3 2 3 5 7 0 79364
40 to 49 percent 143 19 28 32 24 16 4 9 3 6 0 0 2 0 0 55277
50 to 59 percent 183 4 32 50 41 19 22 3 7 3 3 0 0 0 0 62972
60 to 69 percent 135 6 38 15 23 9 16 15 2 1 2 4 3 2 0 67716
70 to 79 percent 114 7 32 33 18 8 9 0 6 0 0 1 0 0 0 50605
80 to 89 percent 104 10 33 20 25 13 3 0 0 0 0 0 0 0 0 48993
90 to 99 percent 44 9 20 11 4 0 0 0 0 0 0 0 0 0 0 33153
100 percent or more 60 12 20 12 5 9 0 2 0 0 0 0 0 0 0 37672
Not reported or not computed 8 5 2 0 0 0 1 0 0 0 0 0 1 0 0 17362
Median 55 66 65 56 55 54 52 39 40 45 29 31 29 31 0 ...

MORTGAGE PAYMENTS AND OTHER EXPENSES


Monthly Interest and Principal Payments
on Total Mortgages Per Housing Unit

Regular monthly payments of
interest
1103 87 244 221 189 101 91 55 33 14 15 14 21 17 0 59908
Less than $100 81 22 16 21 11 0 4 5 1 0 0 0 1 0 0 42334
$100 to $199 233 51 91 49 12 9 16 4 2 0 0 0 0 0 0 34443
$200 to $299 215 7 83 64 40 10 8 2 3 0 0 0 0 0 0 45647
$300 to $399 203 0 45 49 62 19 6 9 8 0 0 0 0 5 0 62647
$400 to $499 119 6 4 22 35 22 12 8 2 1 0 7 0 0 0 75178
$500 to $599 89 0 1 3 10 26 23 20 3 0 0 0 2 0 0 104135
$600 to $699 77 1 1 6 10 8 14 6 3 8 10 3 8 0 0 123311
$700 to $799 17 0 0 0 9 2 0 1 5 0 0 0 0 0 0 79179
$800 to $899 22 0 0 2 0 3 8 1 5 1 1 0 0 0 0 117826
$900 to $999 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 187500
$1,000 to $1,249 12 0 0 2 0 3 0 0 1 3 2 1 0 0 0 166661
$1,250 to $1,499 14 0 3 0 0 0 0 0 0 0 2 1 2 5 0 365322
$1,500 or more 20 0 1 3 0 0 0 0 0 0 0 3 7 6 0 401027
Not reported 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Median 311 142 218 263 351 458 502 502 521 678 676 615 689 1407 0 ...
Mean 393 149 245 372 360 461 442 442 555 755 793 870 1010 1434 0 210279
No regular payments required 16 0 5 3 0 0 0 4 1 0 0 0 2 0 0 57434

Interest and Principal Payment on Total
Mortgages as Percent of Rental Receipts

Acquired before 2000 and regular
payments of interest and/or
principal
906 64 204 184 156 74 83 41 30 11 15 12 20 12 0 60080
Less than 20 percent 23 4 1 5 0 1 9 2 1 0 0 1 0 0 0 101202
20 to 29 percent 53 2 11 8 11 2 12 4 0 0 0 0 4 0 0 71276
30 to 39 percent 46 1 18 6 5 2 3 0 6 2 3 0 0 0 0 53786
40 to 49 percent 91 4 19 19 15 1 12 6 3 1 7 1 0 4 0 64720
50 to 59 percent 142 11 41 18 29 10 14 9 5 3 2 0 0 0 0 60355
60 to 69 percent 152 5 34 54 37 1 12 2 4 2 0 1 0 0 0 53723
70 to 79 percent 50 6 11 11 4 13 0 2 0 1 0 0 2 0 0 55621
80 to 89 percent 85 5 15 18 13 13 9 8 0 1 0 2 2 0 0 68000
90 to 99 percent 30 3 2 6 5 10 0 0 0 0 0 0 0 3 0 74495
100 percent or more 195 18 37 37 35 19 9 8 10 0 4 7 9 2 0 62649
Not reported or not computed 38 6 16 0 3 1 5 2 1 0 0 0 3 2 0 36096
Median 65 75 61 66 65 85 53 59 59 57 47 10650 7328 92 0 ...
Other properties 213 23 45 40 33 27 7 19 4 3 0 3 3 5 0 58989

Real Estate Tax Per Housing Unit

Acquired before 2000
944 71 215 190 160 74 83 47 31 11 15 12 23 12 0 59578
Less than $100 53 9 6 7 7 10 3 1 6 0 2 0 0 2 0 72647
$100 to $199 31 20 8 2 1 0 0 0 0 0 0 0 0 0 0 15840
$200 to $299 60 19 35 2 5 0 0 0 0 0 0 0 0 0 0 26520
$300 to $399 83 5 37 30 1 3 0 5 0 0 2 0 0 0 0 39824
$400 to $499 121 17 35 27 27 3 3 3 0 0 0 3 4 0 0 46711
$500 to $599 42 0 14 5 12 1 3 4 0 0 0 4 0 0 0 63875
$600 to $699 74 0 13 23 22 1 7 3 5 0 2 0 0 0 0 61514
$700 to $799 64 0 14 16 15 8 5 3 0 0 0 0 0 2 0 61895
$800 to $899 45 0 14 6 2 6 11 5 1 0 0 0 0 0 0 79864
$900 to $999 75 0 25 18 10 5 13 0 2 1 0 0 0 0 0 54044
$1,000 to $1,249 96 0 13 21 32 2 3 9 0 4 4 0 9 0 0 69136
$1,250 to $1,499 56 0 0 17 8 3 10 6 5 3 3 2 0 0 0 102239
$1,500 to $1,999 85 0 0 15 16 15 18 6 9 3 1 0 2 0 0 95566
$2,000 to $2,499 27 0 0 0 2 12 5 1 3 0 0 2 0 3 0 99559
$2,500 or more 25 0 0 0 0 4 4 2 0 0 2 1 7 5 0 270606
Not reported 5 2 2 0 0 0 0 0 0 0 0 0 1 0 0 26967
Median 707 230 458 696 734 976 982 1006 1325 1275 1165 581 1202 2351 0 ...
Mean 892 235 526 759 846 1197 1224 1071 1089 1335 1335 1114 2805 3984 0 217903
Acquired 2000 and 2001 (part) 175 16 34 34 29 27 7 13 3 3 0 3 0 5 0 61802

Real Estate Tax Per $1,000 Value

Acquired before 2000
944 71 215 190 160 74 83 47 31 11 15 12 23 12 0 59578
Less than $5 113 9 6 10 13 13 6 12 11 0 5 7 13 7 0 115982
$5 to $9 273 15 42 54 57 11 38 21 10 8 8 5 4 1 0 69165
$10 to $14 168 6 54 22 28 16 19 9 11 2 0 1 0 0 0 61194
$15 to $19 143 8 21 42 38 11 17 3 0 0 0 0 0 3 0 60237
$20 to $24 88 6 30 24 14 12 0 0 0 0 2 0 0 0 0 47117
$25 to $29 72 9 16 27 10 6 0 0 0 0 0 0 5 0 0 48496
$30 to $39 83 17 44 11 1 4 4 2 0 0 0 0 0 0 0 31131
$40 to $49 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
$50 to $59 0 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 0
Not reported or not computed 5 2 2 0 0 0 0 0 0 0 0 0 1 0 0 26967
Median 12 18 16 16 12 14 10 8 8 8 6 4 4 4 0 ...
Acquired 2000 and 2001 (part) 175 16 34 34 29 27 7 13 3 3 0 3 0 5 0 61802

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