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Residential Finance Survey

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Residential Finance Survey: 2001 - United States
Table 5-7. Value Per Housing Unit, Rental and Vacant 2- to 4-Housing-Unit Nonmortgaged Properties
^Number of nonmortgaged properties in thousands.
For information on confidentiality protection, sampling error, nonsampling error, and definitions, see text.
For minimum base for derived figures (percent, median, etc.) and meaning of symbols, see text.
Monthly Rental Receipts Per Housing Unit, Rental Receipts as Percent of Value, and Rental Vacancy Losses as Percent of Potential Receipts acquired before 2000 exclude properties with less than half of units in rental market during all of the year preceding the 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
nonmortgaged properties
891 154 247 188 118 40 36 41 34 9 9 7 5 1 0 44734

PROPERTY CHARACTERISTICS


Year Structure Built

1999 to March 2000
14 1 0 3 10 0 0 0 0 0 0 0 0 0 0 66373
1997 and 1998 9 1 5 3 0 0 0 0 0 0 0 0 0 0 0 34741
1995 and 1996 13 0 0 5 5 0 0 0 0 0 0 0 2 0 0 65008
1990 to 1994 17 2 5 2 8 0 0 0 0 0 0 0 0 0 0 59812
1980 to 1989 76 7 25 12 13 4 2 3 7 0 3 0 0 0 0 49137
1970 to 1979 130 9 36 33 36 8 6 0 0 0 0 2 0 0 0 52014
1960 to 1969 110 10 36 23 14 12 2 3 11 0 0 0 0 0 0 47880
1950 to 1959 69 15 18 14 5 3 3 9 2 0 0 0 0 0 0 42130
1940 to 1949 84 18 17 14 6 11 8 4 3 0 0 2 0 0 0 48848
1939 or earlier 371 92 104 80 21 3 17 22 11 9 6 3 3 1 0 37958

Purchase Price Per Housing Unit@8

Properties acquired by
purchase 1997 to 2001 (part)
90 32 10 24 17 0 1 6 0 0 0 0 0 0 0 42468
Less than $20,000 32 32 0 0 0 0 0 0 0 0 0 0 0 0 0 10001
$20,000 to $39,999 17 0 10 5 2 0 0 0 0 0 0 0 0 0 0 36333
$40,000 to $59,999 19 0 0 19 0 0 0 0 0 0 0 0 0 0 0 50000
$60,000 to $79,999 19 0 0 0 16 0 0 3 0 0 0 0 0 0 0 72057
$80,000 to $99,999 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
$100,000 to $124,999 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
$125,000 to $149,999 4 0 0 0 0 0 1 2 0 0 0 0 0 0 0 131700
$150,000 to $174,999 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
$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 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
$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 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
$500,000 or more 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Median 35678 10000 30000 47436 68875 0 137500 77461 0 0 0 0 0 0 0 ...
Mean 39049 9991 29816 46678 65146 0 125000 89206 0 0 0 0 0 0 0 106258
Other properties 801 122 236 165 100 40 35 36 34 9 9 7 5 1 0 45059

Monthly Rental Receipts Per Housing Unit

Acquired before 2000
847 136 244 179 106 40 35 41 34 9 9 7 5 0 0 44830
Less than $100 50 32 9 7 1 0 0 0 0 0 0 0 0 0 0 15342
$100 to $199 124 50 52 20 0 0 2 0 0 0 0 0 0 0 0 24661
$200 to $299 125 19 73 19 7 0 0 3 3 0 0 0 0 0 0 31820
$300 to $399 165 13 68 49 20 5 7 3 0 0 0 0 0 0 0 40395
$400 to $499 90 7 22 46 12 0 2 1 1 0 0 0 0 0 0 47212
$500 to $599 82 0 5 13 39 1 5 7 6 0 6 0 0 0 0 71789
$600 to $799 37 2 3 8 12 6 4 0 2 0 0 0 0 0 0 70016
$800 to $999 68 0 4 0 10 20 13 6 4 4 3 5 0 0 0 99880
$1000 or more 61 0 0 6 1 8 3 16 14 6 0 2 5 0 0 145009
No rental receipts 44 13 7 11 4 0 0 6 3 0 0 0 0 0 0 44075
Median 363 159 278 376 528 883 711 936 929 203753 580 939 500500 0 0 ...
Mean 443 163 275 423 500 826 641 696 903 1760 697 1036 2151 0 0 183644
Acquired 2000 and 2001 (part) 44 18 3 10 12 0 1 0 0 0 0 0 0 1 0 42930

Rental Receipts as Percent of Value@8

Acquired before 2000
847 136 244 179 106 40 35 41 34 9 9 7 5 0 0 44830
Less than 5 percent 73 0 4 26 4 3 4 9 9 0 6 5 3 0 0 101152
5 to 9 percent 218 10 58 44 45 8 24 13 7 4 3 2 0 0 0 58677
10 to 14 percent 360 44 118 90 52 21 8 12 10 3 0 0 2 0 0 43963
15 to 19 percent 67 22 27 5 1 8 0 0 4 0 0 0 0 0 0 28276
20 to 24 percent 35 8 24 0 0 0 0 0 0 3 0 0 0 0 0 28136
25 to 29 percent 12 8 3 0 1 0 0 0 0 0 0 0 0 0 0 14898
30 to 39 percent 13 9 4 0 0 0 0 0 0 0 0 0 0 0 0 15044
40 percent or more 25 19 0 6 0 0 0 0 0 0 0 0 0 0 0 12865
Median 12 16 12 11 10 12 8 8 9 12 4 3 5 0 0 ...
Acquired 2000 and 2001 (part) 44 18 3 10 12 0 1 0 0 0 0 0 0 1 0 42930

Rental Vacancy Losses as Percent of
Potential Receipts

Acquired before 2000
847 136 244 179 106 40 35 41 34 9 9 7 5 0 0 44830
Less than 1.0 percent 226 31 60 55 32 11 14 6 9 0 4 2 3 0 0 47932
1.0 to 2.9 percent 14 0 2 8 2 0 0 2 0 0 0 0 0 0 0 52796
3.0 to 4.9 percent 42 8 7 5 7 0 2 4 9 0 0 0 0 0 0 63061
5.0 to 6.9 percent 16 0 5 2 4 0 0 0 5 0 0 0 0 0 0 62974
7.0 to 8.9 percent 33 4 13 8 0 8 0 0 0 0 0 0 0 0 0 39243
9.0 to 10.9 percent 18 0 14 2 3 0 0 0 0 0 0 0 0 0 0 33677
11.0 to 12.9 percent 19 2 6 5 3 0 0 0 0 0 3 0 0 0 0 45647
13.0 to 14.9 percent 12 0 8 2 1 0 1 0 0 0 0 0 0 0 0 35503
15.0 percent or more 113 24 43 24 6 0 3 4 0 4 3 3 0 0 0 35032
Not reported or not computed 354 66 87 68 48 21 15 25 12 6 0 2 2 0 0 47018
Median 3.3 3.9 7.6 1.1 0.9 0.8 0.7 3.0 3.5 57.5 11.6 24.4 0.5 0.0 0.0 ...
Acquired 2000 and 2001 (part) 44 18 3 10 12 0 1 0 0 0 0 0 0 1 0 42930

Age Restrictions

Property restricted to people
age 55 or older
203 28 59 50 27 8 8 6 4 3 4 5 0 1 0 45823
Property not restricted to people
age 55 or older
641 119 179 127 79 29 28 32 30 7 6 2 3 0 0 43554
Not reported 47 7 9 11 12 2 0 3 0 0 0 0 2 0 0 53049

OWNER CHARACTERISTICS


Type of Owner

Individual investor(s)
749 139 207 151 102 32 26 39 34 7 3 7 3 0 0 43904
Limited partnership 41 6 14 9 1 8 0 1 0 0 0 0 2 0 0 41243
Joint venture 17 1 7 0 9 0 0 0 1 0 0 0 0 0 0 63012
General partnership 17 1 4 6 0 0 6 0 0 0 0 0 0 0 0 50992
Life insurance company 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Depository institution 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Public real estate investment trust 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Private real estate investment trust 2 2 0 0 0 0 0 0 0 0 0 0 0 0 0 10001
Corporation - other than real estate
investment trust
43 3 14 13 6 0 4 0 0 0 3 0 0 0 0 47092
Housing cooperative organization 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Non-profit or church-related institution 8 1 0 3 0 0 0 1 0 3 0 0 0 0 0 59637
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 13 2 2 5 0 0 0 0 0 0 3 0 0 1 0 51331

RECURRING EXPENSES


Real Estate Tax Per Housing Unit

Acquired before 2000
847 136 244 179 106 40 35 41 34 9 9 7 5 0 0 44830
Less than $100 74 32 11 23 4 0 2 2 0 0 0 0 0 0 0 29636
$100 to $199 65 47 14 4 0 0 0 0 0 0 0 0 0 0 0 13909
$200 to $299 83 22 34 20 1 2 1 0 2 0 0 0 0 0 0 31123
$300 to $399 83 17 33 26 7 0 0 0 0 0 0 0 0 0 0 34738
$400 to $499 52 9 21 11 5 2 0 1 0 0 0 3 0 0 0 35782
$500 to $599 47 0 26 6 10 0 4 0 0 0 0 0 0 0 0 37580
$600 to $699 64 0 33 23 6 0 0 0 3 0 0 0 0 0 0 39771
$700 to $799 45 0 21 14 3 3 5 0 0 0 0 0 0 0 0 42961
$800 to $899 50 0 20 13 5 3 4 0 3 0 0 2 0 0 0 47552
$900 to $999 46 0 4 4 11 9 5 10 0 0 3 0 0 0 0 88168
$1,000 to $1,249 67 0 16 16 10 0 6 1 12 0 3 0 3 0 0 62821
$1,250 to $1,499 35 0 0 8 14 5 2 3 0 3 0 0 0 0 0 72977
$1,500 to $1,999 40 0 0 5 15 4 5 7 0 4 0 0 0 0 0 79584
$2,000 to $2,499 22 0 0 0 1 8 0 3 5 0 3 2 0 0 0 143573
$2,500 or more 14 2 0 0 0 3 0 4 3 0 0 0 2 0 0 140049
Not reported 59 6 10 6 13 2 2 10 6 3 0 0 0 0 0 69723
Median 580 171 514 540 941 1289 929 1335 1125 1519 1131 834 1230 0 0 ...
Mean 712 307 510 563 969 1449 956 1525 1410 1523 1467 1051 1833 0 0 158919
Acquired 2000 and 2001 (part) 44 18 3 10 12 0 1 0 0 0 0 0 0 1 0 42930

Real Estate Tax Per $1,000 Value

Acquired before 2000
847 136 244 179 106 40 35 41 34 9 9 7 5 0 0 44830
Less than $5 82 12 13 29 5 2 3 4 5 0 3 5 3 0 0 51452
$5 to $9 224 33 47 54 27 4 15 14 15 7 3 2 2 0 0 51820
$10 to $14 136 23 33 31 20 12 10 3 1 0 3 0 0 0 0 47577
$15 to $19 126 11 41 26 23 5 5 8 7 0 0 0 0 0 0 48454
$20 to $24 76 15 32 14 6 8 0 0 0 0 0 0 0 0 0 34256
$25 to $29 45 8 19 4 8 3 0 4 0 0 0 0 0 0 0 35885
$30 to $39 98 26 49 14 5 3 0 0 0 0 0 0 0 0 0 29112
$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 2 2 0 0 0 0 0 0 0 0 0 0 0 0 0 10001
Not reported or not computed 59 6 10 6 13 2 2 10 6 3 0 0 0 0 0 69723
Median 13 14 18 11 14 16 10 9 8 8 8 4 5 0 0 ...
Acquired 2000 and 2001 (part) 44 18 3 10 12 0 1 0 0 0 0 0 0 1 0 42930

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