Residential Finance Survey

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