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Residential Finance Survey: 2001 - United States
Table 6-8. Total Outstanding Debt as Percent of Value, Rental and Vacant 5- to 49-Housing-Unit Mortgaged Properties
^Number of mortgaged properties.
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, 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^^

Total outstanding debt as percent
of value
Total Less than
20 percent
20 to 29
percent
30 to 39
percent
40 to 49
percent
50 to 59
percent
60 to 69
percent
70 to 79
percent
80 to 89
percent
90 to 99
percent
100
percent
or more
Not
reported
Median

5- to 49-housing-unit properties
with a traditional first mortgage
290542 26898 19928 30062 40880 37499 43849 27858 18581 19220 16790 8977 56

PROPERTY CHARACTERISTICS


Year Property Acquired

1999 to 2001 (part)
74669 2687 2108 3509 4170 8011 18526 8412 6186 12108 4898 4052 68
1997 and 1998 43473 1285 2186 4393 6270 7711 5482 6388 3562 1886 3618 692 59
1995 and 1996 26674 401 1184 2952 5173 3713 5749 3059 1390 802 858 1392 58
1990 to 1994 47429 3551 4901 3765 10541 6892 6769 3515 2375 1685 2103 1332 50
1985 to 1989 40540 4335 3134 7952 7437 4976 2769 2881 2455 1129 3256 215 46
1980 to 1984 22088 3268 2671 2787 2684 3118 1644 2013 1278 1172 867 586 48
1975 to 1979 16890 3945 2592 3317 2930 988 1047 738 409 296 532 96 36
1970 to 1974 12257 5219 400 850 1055 1459 1082 753 734 142 31 533 33
1969 or earlier 6524 2207 753 537 620 631 781 99 191 0 626 80 35

Year Structure Built

1999 to March 2000
13398 798 484 778 1003 1711 2033 1867 439 742 1496 2045 64
1997 and 1998 7942 108 150 121 1245 1306 1085 774 1040 709 1145 259 68
1995 and 1996 6120 39 626 472 1539 156 1116 900 95 567 294 316 61
1990 to 1994 16105 1324 1204 1251 2530 1447 2034 1939 1420 1684 969 302 61
1980 to 1989 38939 1993 1067 4208 5480 5099 4998 3675 3297 3534 3930 1659 62
1970 to 1979 47794 5310 4569 4566 6778 5493 7017 6105 2812 1966 2036 1141 54
1960 to 1969 47222 5114 3243 4903 6037 8134 9541 3455 2676 939 2120 1060 55
1950 to 1959 25482 2493 1650 3402 5938 2861 4515 1406 1092 901 1174 50 49
1940 to 1949 17783 1739 1987 1898 2228 1580 2932 1644 1560 1347 501 369 55
1939 or earlier 69757 7979 4947 8462 8102 9712 8577 6093 4150 6831 3126 1777 55

Purchase Price Per Housing Unit@8

Properties acquired by
purchase 1997 to 2001 (part)
106468 2874 3815 7267 8843 13198 22451 13804 9338 12450 8275 4154 67
Less than $20,000 23048 1283 1044 1217 1845 3684 2924 3050 684 4260 2490 567 67
$20,000 to $39,999 38050 576 1245 3302 3376 2618 7084 6895 4793 3735 3793 631 71
$40,000 to $59,999 21920 171 567 1686 671 3433 7050 2381 3044 2402 471 43 66
$60,000 to $79,999 8203 437 515 554 676 1574 2608 288 541 605 249 155 61
$80,000 to $99,999 5772 234 221 213 1410 400 1028 1087 33 1050 96 0 64
$100,000 to $124,999 3416 172 0 161 335 702 742 66 61 0 1176 0 65
$125,000 to $149,999 1637 0 41 134 84 352 216 0 0 398 0 411 60
$150,000 to $174,999 647 0 0 0 337 0 269 0 0 0 0 41 49
$175,000 to $199,999 591 0 0 0 44 0 327 38 182 0 0 0 68
$200,000 to $249,999 692 0 0 0 64 303 0 0 0 0 0 324 54
$250,000 to $299,999 447 0 0 0 0 130 0 0 0 0 0 317 55
$300,000 to $499,999 297 0 182 0 0 0 0 0 0 0 0 115 25
$500,000 or more 1377 0 0 0 0 0 0 0 0 0 0 1377 0
Median 35769 25351 33866 34636 35265 41727 43166 31174 36630 30523 28686 221809 ...
Mean 52638 39692 51562 40010 51081 49635 48144 35145 39546 37266 37649 295122 57
Other properties 184074 24024 16113 22795 32038 24301 21398 14054 9243 6770 8515 4823 48

Monthly Rental Receipts Per Housing Unit

Acquired before 2000
240274 25387 17911 27505 38720 32100 30694 23317 15157 10242 12647 6595 52
Less than $100 16893 1599 734 2034 2210 2441 1602 1874 1577 1082 728 1012 56
$100 to $199 22180 2892 1064 2209 2920 2333 3506 3270 1484 1030 789 684 57
$200 to $299 32995 3464 2828 2724 5162 3972 2905 2875 2607 2063 3694 700 55
$300 to $399 34589 2930 3727 4627 5633 5239 3151 2931 3107 1369 1675 201 51
$400 to $499 35290 1151 3372 4247 4370 5297 5912 5214 2008 1698 1688 334 58
$500 to $599 27852 3261 1848 2932 4066 3806 4663 2041 1825 1099 1472 839 54
$600 to $799 20108 1673 1253 3414 4350 2570 3723 986 728 442 478 491 48
$800 to $999 23617 3178 1955 3479 4070 4290 2022 2274 792 557 787 211 48
$1000 or more 26014 4965 1131 1552 5762 2152 3210 1852 1029 903 1336 2123 47
No rental receipts 738 273 0 287 178 0 0 0 0 0 0 0 33
Median 437 516 418 447 477 439 471 414 361 369 366 544 ...
Mean 1340 2667 596 2718 788 683 1282 1482 1282 671 721 1078 46
Acquired 2000 and 2001 (part) 50268 1510 2017 2556 2161 5399 13155 4541 3425 8978 4143 2383 68

Rental Receipts as Percent of Value@8

Acquired before 2000
240274 25387 17911 27505 38720 32100 30694 23317 15157 10242 12647 6595 52
Less than 5 percent 6986 1563 523 604 809 588 1509 57 554 55 601 124 49
5 to 9 percent 85839 12757 6502 12639 13536 10070 8123 7368 3481 3183 2527 5654 46
10 to 14 percent 72756 5903 6456 9455 14776 11376 9258 6948 4058 2470 1961 96 50
15 to 19 percent 39783 2140 2685 2875 5839 7066 4880 5719 4200 2371 1608 399 59
20 to 24 percent 13397 905 398 572 1425 1471 3882 1178 1696 979 849 42 65
25 to 29 percent 6283 691 402 88 598 513 825 602 210 252 1870 232 69
30 to 39 percent 4486 745 437 296 294 295 670 380 380 22 921 47 62
40 percent or more 9888 411 509 689 1265 721 1548 1065 459 910 2310 0 69
Median 12 9 11 10 12 12 13 13 14 14 19 8 ...
Acquired 2000 and 2001 (part) 50268 1510 2017 2556 2161 5399 13155 4541 3425 8978 4143 2383 68

Rental Vacancy Losses as Percent of
Potential Receipts

Acquired before 2000
240274 25387 17911 27505 38720 32100 30694 23317 15157 10242 12647 6595 52
Less than 1.0 percent 35725 5252 2495 5937 5784 4040 4321 2086 1331 714 2560 1205 46
1.0 to 2.9 percent 34410 3028 2364 4970 5762 5322 4066 2577 1623 2643 1766 288 52
3.0 to 4.9 percent 26961 1562 1986 2885 4439 4630 4392 3450 1184 848 1422 163 55
5.0 to 6.9 percent 14910 1731 1442 1015 2139 2361 1817 2016 497 860 1003 30 55
7.0 to 8.9 percent 14046 998 2031 830 1892 2183 2374 2019 1032 398 247 42 56
9.0 to 10.9 percent 11622 1570 1178 922 2579 847 1815 704 519 708 780 0 48
11.0 to 12.9 percent 5329 672 105 751 752 837 640 335 606 337 294 0 55
13.0 to 14.9 percent 4774 142 330 439 1162 286 927 117 675 42 654 0 60
15.0 percent or more 27097 3849 1609 1885 5066 2584 2933 3719 3185 863 1404 0 54
Not reported or not computed 65400 6582 4371 7872 9145 9010 7409 6293 4503 2830 2517 4867 53
Median 4.3 4.4 4.9 2.6 4.5 3.9 4.5 5.4 8.3 3.8 4.0 0.7 ...
Acquired 2000 and 2001 (part) 50268 1510 2017 2556 2161 5399 13155 4541 3425 8978 4143 2383 68

Age Restrictions

Property restricted to people
age 55 or older
63507 6798 5704 6323 9697 7377 10871 5889 3683 3215 3331 619 54
Property not restricted to people
age 55 or older
213381 18612 13657 22787 28485 27793 32175 21861 14621 13153 12833 7405 57
Not reported 13655 1487 567 952 2699 2329 803 108 278 2852 626 953 53

Age Composition

Over one-half the residents of the
building age 55 or older
13914 2460 441 1072 1452 2261 2157 1476 916 560 1015 105 57
Over one-half the residents of the
building not age 55 or older
195900 16196 12969 21013 27480 24996 28703 18706 12944 14637 11804 6453 57
Not reported 80728 8242 6518 7976 11948 10242 12989 7677 4721 4024 3971 2419 54

Meal Service Provided by Properties
Exclusively or Predominantly Occupied by
People Age 55 or Older

Property provides meal service
36846 4872 3619 3421 5453 4464 6227 3107 1927 1529 2145 80 52
Charge included in rent 28116 3872 3151 2446 3857 3359 4345 2149 1864 1450 1542 80 52
Charge not included in rent 111 0 0 0 32 0 0 0 0 79 0 0 93
Not reported 8619 1000 468 975 1565 1105 1882 958 63 0 603 0 53
Property does not provide meal
service
21879 2697 1215 978 2197 3078 2691 3211 2112 1034 1550 1115 61
Not reported 231817 19328 15094 25662 33231 29956 34931 21540 14542 16657 13095 7782 56

OWNER CHARACTERISTICS


Type of Owner

Individual investor(s)
171160 18538 12179 18651 24308 23369 25149 15568 11266 11452 5789 4891 54
Limited partnership 46741 2077 3538 3920 4881 5541 7668 4512 4028 5011 4160 1407 64
Joint venture 3403 455 193 247 40 541 1542 114 95 72 55 50 61
General partnership 16178 1512 706 1044 4240 585 2840 790 885 722 2508 346 57
Life insurance company 257 113 0 0 144 0 0 0 0 0 0 0 41
Depository institution 248 43 40 0 0 0 0 0 0 0 0 165 19
Public real estate investment trust 565 0 0 253 0 0 39 146 0 0 127 0 68
Private real estate investment trust 204 0 0 0 84 0 0 53 0 0 67 0 73
Corporation - other than real estate
investment trust
34637 2696 2569 4537 5377 4575 5453 3237 1876 666 2669 983 54
Housing cooperative organization 1259 218 114 41 92 82 43 380 34 64 109 79 70
Non-profit or church-related institution 6571 406 461 335 920 918 218 1892 291 383 536 211 66
Pension fund 0 0 0 0 0 0 0 0 0 0 0 0 0
Fraternal organization 8 0 0 0 8 0 0 0 0 0 0 0 45
Other 9312 840 129 1033 786 1887 899 1166 106 851 769 846 58

MORTGAGE CHARACTERISTICS


Number of Mortgages

1 mortgage
256278 24860 18492 26612 38250 34463 39974 24041 15771 12907 11932 8977 54
2 mortgages 29490 1791 1326 3388 2411 2611 3480 3192 1973 5844 3472 0 69
3 or more mortgages 4775 246 110 62 219 424 395 625 837 469 1386 0 84

Form of Debt of First Mortgage

Mortgage or deed of trust
290542 26898 19928 30062 40880 37499 43849 27858 18581 19220 16790 8977 56
Contract to purchase 0 0 0 0 0 0 0 0 0 0 0 0 0
Some other loan secured by this property 0 0 0 0 0 0 0 0 0 0 0 0 0

Origin of First Mortgage

Mortgage made at time property acquired
210106 18518 14899 19426 27509 25217 33800 19479 14845 16102 12085 8227 58
Mortgage assumed at the time property
acquired
16832 2202 997 2489 2759 2556 1097 2419 546 864 398 506 49
Mortgage placed later than acquisition of
property
63604 6178 4033 8147 10613 9725 8952 5961 3190 2254 4307 244 53
Refinanced mortgage 58258 5242 3018 7642 10148 9155 8586 5394 2681 2254 3893 244 53
Same lender 17206 1549 1450 1561 4406 1963 3656 775 729 384 683 50 49
Different lender 41051 3693 1568 6081 5743 7192 4930 4619 1951 1870 3209 195 55
Mortgage placed on property
owned free and clear of debt
5347 936 1015 504 465 570 366 566 509 0 415 0 45
Not available 0 0 0 0 0 0 0 0 0 0 0 0 0

Year First Mortgage Made or
Assumed

1999 to 2001 (part)
110869 4957 6027 5637 8009 15288 24570 10971 9526 13908 7787 4190 65
1997 and 1998 57275 4051 3292 7111 9712 9189 7035 7988 2978 2267 2919 732 54
1995 and 1996 26321 956 1225 3468 5622 2349 4208 3642 1688 566 1256 1342 55
1990 to 1994 44435 4154 4125 6557 10294 5296 4626 2251 1722 1370 2642 1398 46
1985 to 1989 27722 3843 3079 4412 4974 4087 1876 1836 1644 514 1339 116 45
1980 to 1984 9518 2086 455 707 1451 1017 868 713 649 480 540 554 49
1979 or earlier 14403 6851 1725 2170 819 273 667 457 374 115 308 644 20

Total Mortgage Outstanding Debt

Less than $50,000
19527 11307 1516 1707 1913 1309 376 251 528 354 0 266 17
$50,000 to $99,999 34995 6331 4638 5412 5363 2763 3734 1803 161 4462 329 0 42
$100,000 to $149,999 39390 2117 4096 6211 6661 5153 4895 5058 3282 1851 64 0 51
$150,000 to $199,999 25325 1650 2311 3563 4310 2197 3905 2965 2025 942 1458 0 54
$200,000 to $249,999 22826 1665 2070 2301 3314 2489 5323 1873 1978 1235 577 0 58
$250,000 to $299,999 18216 1188 1050 1601 1231 3895 3501 2666 1062 1607 413 0 60
$300,000 to $399,999 27601 636 1464 3108 4428 4381 5444 1731 3478 1427 1504 0 60
$400,000 to $499,999 23529 618 1110 1187 3576 3715 5154 3667 1435 1160 1906 0 63
$500,000 to $749,999 30771 976 558 2458 5020 5590 5143 3524 1749 1654 4098 0 62
$750,000 to $999,999 14676 243 384 1109 1988 2620 3059 1045 693 1864 1671 0 63
$1,000,000 to $1,499,999 14968 0 395 896 1875 1901 1586 2186 1220 1764 3146 0 74
$1,500,000 to $1,999,999 5402 166 166 227 649 1074 933 517 470 440 759 0 64
$2,000,000 or more 4606 0 169 280 552 414 796 573 499 460 863 0 72
Not reported 8711 0 0 0 0 0 0 0 0 0 0 8711 0
Median 241573 66263 145483 172265 228186 309309 296071 282263 300544 266962 607564 25001 ...
Mean 401545 128309 257482 301981 397376 451036 448669 455546 471443 503319 896293 24 74

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