Residential Finance Survey

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