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Residential Finance Survey: 2001 - United States
Table 5-9. Monthly Rental Receipts 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.
Properties acquired before 2000 excludes properties with less than half of units in rental market during all of year preceding survey and cooperatively owned apartments^^

Monthly rental receipts per housing unit
Total Less than
$100
$100 to
$199
$200 to
$299
$300 to
$399
$400 to
$499
$500 to
$599
$600 to
$799
$800 to
$999
$1,000 or
more
No rental
receipts
Median
(dollars)

2- to 4-housing-unit properties
with a traditional first mortgage
1118 43 99 134 193 151 141 156 73 89 38 447

PROPERTY CHARACTERISTICS


Year Property Acquired

1999 to 2001 (part)
287 19 34 23 48 42 36 45 6 18 16 428
1997 and 1998 150 1 8 23 19 15 32 18 21 8 6 521
1995 and 1996 130 0 21 21 24 14 5 15 9 18 3 386
1990 to 1994 198 13 6 26 46 25 16 32 14 11 10 414
1985 to 1989 166 2 9 26 20 22 27 27 8 22 2 509
1980 to 1984 83 4 13 4 14 17 9 11 9 4 0 446
1975 to 1979 57 4 6 8 6 17 7 2 4 5 0 434
1970 to 1974 32 0 2 5 7 0 9 6 0 4 0 524
1969 or earlier 15 0 0 0 9 1 0 0 3 0 2 374

Year Structure Built

1999 to March 2000
19 2 4 1 3 1 3 6 0 1 0 509
1997 and 1998 17 0 0 1 0 1 2 3 5 0 4 704
1995 and 1996 22 0 4 2 2 0 2 0 1 10 2 898
1990 to 1994 49 0 4 4 3 13 0 14 0 3 9 477
1980 to 1989 134 7 12 16 16 10 27 29 11 8 0 528
1970 to 1979 136 5 11 13 25 17 27 25 6 7 0 485
1960 to 1969 119 6 12 11 26 16 8 20 9 8 3 414
1950 to 1959 136 12 5 24 29 16 20 10 4 10 4 384
1940 to 1949 94 1 10 13 13 26 8 9 3 7 4 431
1939 or earlier 393 11 39 50 77 51 43 41 33 35 13 427

Purchase Price Per Housing Unit@8

Properties acquired by
purchase 1997 to 2001 (part)
410 19 40 45 61 57 65 55 26 22 21 453
Less than $20,000 51 0 12 16 7 8 1 0 0 2 4 273
$20,000 to $39,999 141 4 12 24 43 19 23 5 1 3 7 363
$40,000 to $59,999 80 9 11 0 7 13 22 9 6 0 1 487
$60,000 to $79,999 66 5 2 0 3 2 9 34 5 3 3 660
$80,000 to $99,999 28 0 4 3 0 8 0 6 5 0 2 477
$100,000 to $124,999 18 0 0 3 0 0 4 0 4 7 0 892
$125,000 to $149,999 5 0 0 0 0 0 0 2 2 1 0 890
$150,000 to $174,999 6 0 0 0 0 6 0 0 0 0 0 450
$175,000 to $199,999 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 4 0 500500
$250,000 to $299,999 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 3 0 3 900
$500,000 or more 7 0 0 0 0 0 5 0 0 1 0 564
Median 43423 51433 34056 25791 30854 41869 46872 67978 85939 108742 37622 ...
Mean 64889 52172 37842 32578 31570 57328 92757 68137 115717 131785 86007 617
Other properties 708 24 59 89 132 95 76 101 47 67 17 443

Rental Receipts as Percent of Value@8

Acquired before 2000
944 25 72 121 161 133 124 128 72 76 33 458
Less than 5 percent 118 13 29 31 15 9 6 11 3 0 0 255
5 to 9 percent 243 2 21 19 38 37 40 41 22 24 0 513
10 to 14 percent 401 3 19 50 74 62 58 56 35 45 0 488
15 to 19 percent 88 0 1 12 15 16 12 17 11 5 0 499
20 to 24 percent 37 0 3 6 13 9 4 1 0 0 0 372
25 to 29 percent 8 0 0 1 4 0 3 0 1 0 0 387
30 to 39 percent 3 0 0 0 1 0 0 1 0 0 0 388
40 percent or more 7 0 0 2 0 0 2 0 0 3 0 568
Median 11 4 7 11 12 12 11 11 12 12 0 ...
Acquired 2000 and 2001 (part) 175 18 27 13 32 19 17 28 1 13 5 382

Rental Vacancy Losses as Percent of
Potential Receipts

Acquired before 2000
944 25 72 121 161 133 124 128 72 76 33 458
Less than 1.0 percent 331 2 23 28 50 42 40 77 43 26 0 550
1.0 to 2.9 percent 22 0 2 1 2 3 7 4 2 1 0 546
3.0 to 4.9 percent 38 0 0 1 5 10 10 4 3 4 0 525
5.0 to 6.9 percent 24 0 0 2 12 2 5 0 2 1 0 387
7.0 to 8.9 percent 56 0 0 4 15 10 14 8 2 3 0 485
9.0 to 10.9 percent 34 0 0 7 14 1 9 0 0 3 0 371
11.0 to 12.9 percent 21 0 1 2 11 2 0 2 3 0 0 367
13.0 to 14.9 percent 5 0 0 1 4 0 0 0 0 0 0 333
15.0 percent or more 133 8 30 35 21 16 6 11 6 0 0 284
Not reported or not computed 279 15 17 39 27 45 34 22 11 37 33 458
Median 1.1 43.4 21.1 10.3 6.6 2.2 2.5 0.7 0.7 0.7 0.0 ...
Acquired 2000 and 2001 (part) 175 18 27 13 32 19 17 28 1 13 5 382

OWNER CHARACTERISTICS


Type of Owner

Individual investor(s)
957 38 79 107 174 140 120 134 59 69 37 444
Limited partnership 64 2 4 17 1 5 12 11 8 4 0 526
Joint venture 8 0 0 0 3 1 0 0 2 2 0 803
General partnership 11 0 3 0 0 0 6 1 0 0 0 531
Life insurance company 5 0 0 0 0 0 2 0 0 2 0 595
Depository institution 2 0 2 0 0 0 0 0 0 0 0 150
Public real estate investment trust 1 0 0 0 0 1 0 0 0 0 0 450
Private real estate investment trust 0 0 0 0 0 0 0 0 0 0 0 0
Corporation - other than real estate
investment trust
52 0 2 11 12 5 1 7 4 9 0 414
Housing cooperative organization 4 0 4 0 0 0 0 0 0 0 0 150
Non-profit or church-related institution 12 2 4 0 0 0 0 3 0 2 2 179
Pension fund 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
Other 3 0 0 0 3 0 0 0 0 0 0 350

MORTGAGE CHARACTERISTICS


Number of Mortgages

1 mortgage
961 39 86 110 162 134 111 144 68 83 25 453
2 mortgages 148 4 13 24 27 17 31 12 2 4 14 397
3 or more mortgages 9 0 0 0 4 0 0 0 3 2 0 825

Total Outstanding Debt as a Percent
of Value

Less than 20 percent
90 8 4 11 15 6 20 12 12 3 0 505
20 to 29 percent 108 2 6 8 27 13 5 18 8 20 1 486
30 to 39 percent 129 4 7 10 21 13 3 41 17 10 3 625
40 to 49 percent 143 8 19 26 29 16 18 12 2 13 2 362
50 to 59 percent 183 10 16 14 25 32 33 19 9 14 11 466
60 to 69 percent 135 0 14 26 12 15 15 17 13 21 3 497
70 to 79 percent 114 0 10 8 22 35 27 7 2 5 0 452
80 to 89 percent 104 4 15 17 21 9 12 20 5 0 2 374
90 to 99 percent 44 4 3 5 13 2 4 4 1 0 7 349
100 percent or more 60 3 3 9 9 11 5 7 3 2 8 423
Not reported or not computed 8 1 3 2 0 0 0 0 1 1 1 195
Median 55 50 57 59 52 59 58 46 40 48 64 ...

MORTGAGE PAYMENTS AND OTHER EXPENSES


Monthly Interest and Principal
Payments on First Mortgage Per
Housing Unit

Regular monthly payments of
inter
1103 43 97 131 191 149 140 156 73 84 38 447
Less than $100 46 12 10 1 10 6 2 0 1 3 1 218
$100 to $199 237 15 35 66 61 16 14 18 9 0 3 302
$200 to $299 228 5 17 19 61 54 35 17 11 1 9 415
$300 to $399 194 5 12 15 19 29 56 30 13 6 9 523
$400 to $499 128 0 1 18 24 20 17 29 7 2 9 479
$500 to $599 77 0 8 3 5 7 0 20 16 16 2 748
$600 to $699 73 2 0 7 0 5 2 25 4 29 0 771
$700 to $799 16 0 7 0 0 1 0 3 3 1 0 455
$800 to $899 19 0 0 0 2 4 0 0 3 10 0 47989
$900 to $999 1 0 0 0 0 0 0 0 0 1 0 500500
$1,000 to $1,249 10 2 0 0 0 1 0 5 0 1 0 659
$1,250 to $1,499 14 0 0 0 3 0 0 0 6 3 2 911
$1,500 or more 20 0 2 1 2 1 0 5 0 7 3 727
Not reported 40 1 5 3 5 5 14 4 0 3 1 509
Median 310 157 208 196 237 293 322 439 434 641 363 ...
Mean 397 230 329 282 283 457 314 479 487 754 480 572
No regular payments required 16 0 2 3 2 2 1 0 0 5 0 426

Current First Mortgage Payment Status

Regular monthly payments of
principal and/or interest
1103 43 97 131 191 149 140 156 73 84 38 447
Up-to-date, ahead of schedule, or
less than 90 days past due
483 24 38 62 67 71 56 82 37 32 15 462
Delinquent by 90 days or more 15 0 2 0 2 0 0 5 0 0 7 617
Legal proceedings have begun 8 0 0 0 2 0 0 5 0 0 2 663
Legal proceedings have not begun 4 0 2 0 0 0 0 0 0 0 2 150
Not reported 3 0 0 0 0 0 0 0 0 0 3 0
Not reported 604 19 57 69 122 78 85 69 36 52 17 433
Other properties 16 0 2 3 2 2 1 0 0 5 0 426

Monthly Interest and Principal Payments
on Total Mortgages Per Housing Unit

Regular monthly payments of
interest and/or principal
1103 43 97 131 191 149 140 156 73 84 38 447
Less than $100 81 13 15 3 13 11 13 4 1 6 2 362
$100 to $199 233 15 33 66 63 15 10 18 9 0 3 301
$200 to $299 215 5 19 15 57 50 35 16 11 1 5 417
$300 to $399 203 5 12 19 21 30 53 31 13 6 12 515
$400 to $499 119 0 1 15 26 23 20 22 7 2 2 470
$500 to $599 89 0 8 3 5 7 6 22 16 16 6 719
$600 to $699 77 2 0 7 0 5 2 25 4 29 3 770
$700 to $799 17 0 7 0 0 1 0 7 0 1 0 606
$800 to $899 22 0 0 2 0 4 0 0 6 10 0 951
$900 to $999 1 0 0 0 0 0 0 0 0 1 0 500500
$1,000 to $1,249 12 2 0 0 2 1 0 5 0 1 0 628
$1,250 to $1,499 14 0 0 0 3 0 0 0 6 3 2 911
$1,500 or more 20 0 2 1 2 1 0 5 0 7 3 727
Not reported 0 0 0 0 0 0 0 0 0 0 0 0
Median 311 153 205 194 235 297 321 441 434 636 369 ...
Mean 393 224 316 288 283 448 307 477 493 729 505 573
No regular payments required 16 0 2 3 2 2 1 0 0 5 0 426

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

Acquired before 2000 and regular
payments of interest and/or
principal
906 24 65 115 156 128 123 124 72 68 32 460
Less than 20 percent 23 0 0 0 5 5 2 0 7 4 0 558
20 to 29 percent 53 0 2 0 6 5 5 18 11 5 0 686
30 to 39 percent 46 0 1 2 15 1 5 5 12 5 0 587
40 to 49 percent 91 0 0 7 13 16 16 13 5 20 0 554
50 to 59 percent 142 0 1 22 22 21 28 21 10 18 0 520
60 to 69 percent 152 0 0 18 33 25 34 22 11 7 0 497
70 to 79 percent 50 0 0 10 11 5 11 10 0 3 0 501
80 to 89 percent 85 0 14 7 7 21 11 16 6 5 0 472
90 to 99 percent 30 0 7 2 2 1 7 5 7 0 0 548
100 percent or more 195 18 40 48 42 28 4 14 3 0 0 284
Not reported or not computed 38 6 0 0 0 0 0 0 0 0 32 51
Median 65 50050 18052 79 65 66 62 62 51 50 0 ...
Other properties 213 19 34 19 37 24 19 32 1 21 6 383

Real Estate Tax Per $1,000 Value

Acquired before 2000
944 25 72 121 161 133 124 128 72 76 33 458
Less than $5 113 7 8 11 15 4 16 13 12 18 10 544
$5 to $9 273 3 28 31 38 37 33 51 16 28 9 487
$10 to $14 168 8 10 23 41 26 9 21 11 18 1 405
$15 to $19 143 0 10 23 24 29 13 23 12 6 2 447
$20 to $24 88 1 8 13 8 16 22 7 13 0 0 485
$25 to $29 72 0 6 8 10 18 16 7 6 1 0 468
$30 to $39 83 5 1 11 24 3 15 6 2 4 12 376
$40 to $49 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
$60 or more 0 0 0 0 0 0 0 0 0 0 0 0
Not reported or not computed 5 1 0 2 0 0 0 0 0 1 0 235
Median 12 11 10 14 13 15 17 10 14 9 9 ...
Acquired 2000 and 2001 (part) 175 18 27 13 32 19 17 28 1 13 5 382

Real Estate Tax as Percent of Rental
Receipts

Acquired before 2000
944 25 72 121 161 133 124 128 72 76 33 458
Less than 5 percent 70 1 6 10 2 6 6 8 15 16 0 704
5 to 9 percent 248 0 12 31 47 35 30 44 13 35 0 495
10 to 14 percent 230 0 5 22 62 34 32 46 14 15 0 477
15 to 19 percent 140 0 11 12 22 33 21 19 16 6 0 475
20 to 24 percent 62 2 2 9 22 1 12 7 6 0 0 378
25 to 29 percent 53 2 6 20 2 9 14 0 0 0 0 291
30 to 34 percent 18 0 1 0 2 4 5 0 4 2 0 536
35 to 39 percent 17 2 5 4 0 5 0 0 0 0 0 223
40 percent or more 62 10 23 11 2 4 4 5 3 0 0 192
Not reported or not computed 44 7 0 2 0 0 0 0 0 1 33 74
Median 13 14192 24 14 13 14 14 11 13 8 0 ...
Acquired 2000 and 2001 (part) 175 18 27 13 32 19 17 28 1 13 5 382

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