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Residential Finance Survey: 2001 - United States
Table 7-7. Value Per Housing Unit, Rental and Vacant 50-or-More-Housing-Unit Nonmortgaged Properties
^Number of nonmortgaged properties.
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)
50-or-more-housing-unit
nonmortgaged properties
10009 2651 2662 1833 1098 589 427 180 172 72 67 117 59 63 18 37609

PROPERTY CHARACTERISTICS


Year Structure Built

1999 to March 2000
321 51 9 27 134 41 22 9 4 5 1 16 1 0 0 71020
1997 and 1998 515 84 36 63 145 63 63 26 4 3 3 22 0 3 0 70218
1995 and 1996 448 39 50 74 99 102 42 13 3 3 7 1 0 5 10 71431
1990 to 1994 635 27 154 154 127 65 46 11 14 4 4 22 7 0 0 57757
1980 to 1989 2109 573 453 570 166 93 70 51 60 9 5 8 7 45 0 40993
1970 to 1979 2124 628 779 329 188 67 43 20 40 16 10 0 2 2 0 31136
1960 to 1969 2021 636 683 337 154 35 56 12 41 23 8 10 23 0 3 30914
1950 to 1959 493 169 126 75 43 14 18 12 0 0 9 9 10 8 0 32268
1940 to 1949 496 201 81 78 20 52 12 8 7 9 6 23 0 0 0 31699
1939 or earlier 848 243 292 127 22 57 56 18 0 1 14 5 8 0 5 32214

Purchase Price Per Housing Unit@8

Properties acquired by
purchase 1997 to 2001 (part)
2000 441 302 336 383 177 131 67 43 14 4 43 8 47 3 55151
Less than $20,000 451 422 16 7 4 3 0 0 0 0 0 0 0 0 0 10703
$20,000 to $39,999 324 0 278 35 9 2 0 0 0 0 0 0 0 0 0 31641
$40,000 to $59,999 352 0 3 284 47 4 1 9 4 0 0 0 0 0 0 52180
$60,000 to $79,999 329 0 0 11 290 15 11 2 0 0 0 0 0 0 0 70609
$80,000 to $99,999 250 0 0 0 33 150 37 15 8 0 0 0 7 0 0 92292
$100,000 to $124,999 95 0 0 0 0 2 81 3 6 2 0 1 0 0 0 113920
$125,000 to $149,999 43 0 0 0 0 0 0 39 4 0 0 0 0 0 0 138872
$150,000 to $174,999 24 0 0 0 0 0 0 0 21 1 1 0 0 0 0 164086
$175,000 to $199,999 12 0 0 0 1 0 0 0 0 11 0 0 0 0 0 185885
$200,000 to $249,999 2 0 0 0 0 0 0 0 0 0 2 0 0 0 0 225000
$250,000 to $299,999 42 0 0 0 0 0 0 0 0 0 0 42 0 0 0 275000
$300,000 to $499,999 3 0 0 0 0 0 0 0 0 0 0 0 1 1 0 484496
$500,000 or more 46 0 0 0 0 0 0 0 0 0 0 0 0 46 0 50250000
Median 51986 10000 29522 48910 69122 88555 104817 128241 147703 184312 209976 274289 92040 5126745 0 ...
Mean 70602 7760 28842 46734 67532 85003 99610 112574 126200 173009 214379 288624 132349 593011 0 254534
Other properties 8009 2210 2360 1497 714 412 297 113 130 58 63 74 51 15 15 35144

Monthly Rental Receipts Per Housing Unit

Acquired before 2000
9576 2536 2559 1794 1013 564 403 162 170 70 66 99 59 63 18 37528
Less than $100 814 767 20 14 3 11 0 0 0 0 0 0 0 0 0 10619
$100 to $199 496 360 70 52 3 2 0 0 0 0 3 7 0 0 0 13801
$200 to $299 674 254 282 68 30 15 0 4 7 0 0 0 8 5 0 25897
$300 to $399 1171 388 594 50 69 24 15 5 10 7 3 0 0 0 5 26552
$400 to $499 1129 237 587 216 53 15 12 0 3 0 3 1 1 0 0 31175
$500 to $599 1344 208 512 448 87 16 37 23 0 5 0 0 0 0 10 37960
$600 to $799 930 80 199 397 193 29 14 5 3 8 3 0 0 0 0 49368
$800 to $999 1587 120 200 395 428 252 47 32 25 0 9 25 7 46 0 63639
$1000 or more 1315 57 70 148 141 193 279 92 116 50 45 66 43 11 3 104220
No rental receipts 117 67 25 6 6 7 0 0 5 0 0 0 0 0 0 17368
Median 533 243 451 623 831 932 279052 125050 295277 302065 269113 247519 317938 912 541 ...
Mean 632 294 479 651 793 970 1250 1183 1366 1330 1600 1958 2934 979 596 192060
Acquired 2000 and 2001 (part) 433 115 103 39 84 25 24 19 2 2 1 18 0 0 0 39617

Rental Receipts as Percent of Value@8

Acquired before 2000
9576 2536 2559 1794 1013 564 403 162 170 70 66 99 59 63 18 37528
Less than 5 percent 663 330 24 52 19 36 15 17 25 19 12 33 23 60 0 21618
5 to 9 percent 828 137 86 146 150 84 78 56 35 10 20 16 7 2 0 65990
10 to 14 percent 3020 522 638 536 545 313 179 62 87 38 30 50 20 1 0 53067
15 to 19 percent 1945 83 759 743 206 49 52 20 18 1 5 0 9 0 0 43513
20 to 24 percent 941 124 516 175 27 51 43 3 0 1 0 0 0 0 0 33411
25 to 29 percent 550 239 206 61 12 7 19 1 5 0 0 0 0 0 0 23518
30 to 39 percent 576 269 223 34 17 16 15 2 0 0 0 0 0 0 0 21747
40 percent or more 935 772 85 40 32 3 2 1 0 0 0 0 0 0 0 12118
Median 16 26 18 16 13 13 13 11 11 11 10 10 10 3 0 ...
Acquired 2000 and 2001 (part) 433 115 103 39 84 25 24 19 2 2 1 18 0 0 0 39617

Rental Vacancy Losses as Percent of
Potential Receipts

Acquired before 2000
9576 2536 2559 1794 1013 564 403 162 170 70 66 99 59 63 18 37528
Less than 1.0 percent 991 156 211 236 124 75 67 11 16 15 10 6 16 48 0 50904
1.0 to 2.9 percent 1551 269 458 306 163 72 91 72 21 34 21 28 16 0 0 43137
3.0 to 4.9 percent 1585 216 502 392 213 98 75 39 41 5 4 0 0 0 0 43771
5.0 to 6.9 percent 768 140 157 212 133 49 38 8 11 1 2 7 6 5 0 48246
7.0 to 8.9 percent 518 125 125 79 86 46 36 9 3 0 3 0 7 0 0 42371
9.0 to 10.9 percent 332 110 125 50 17 8 8 5 2 0 0 0 6 0 0 28931
11.0 to 12.9 percent 158 44 60 9 13 22 7 0 2 0 0 0 0 0 0 31845
13.0 to 14.9 percent 82 27 25 15 5 2 0 0 0 0 0 4 0 0 3 29874
15.0 percent or more 943 604 169 97 31 25 13 1 0 0 2 0 1 0 0 15602
Not reported or not computed 2648 845 726 399 229 167 69 17 73 15 23 54 6 9 15 32972
Median 4.2 8.0 4.0 3.8 4.0 4.1 3.2 2.7 3.5 1.8 2.1 2.2 2.3 0.6 14.0 ...
Acquired 2000 and 2001 (part) 433 115 103 39 84 25 24 19 2 2 1 18 0 0 0 39617

Age Restrictions

Property restricted to people
age 55 or older
1926 469 501 348 219 126 98 31 71 9 11 22 3 8 9 39527
Property not restricted to people
age 55 or older
7713 2129 2068 1373 825 429 327 146 97 62 56 87 57 46 10 36651
Not reported 371 52 93 113 53 34 3 3 4 0 0 7 0 8 0 47098

Age Composition

Over one-half the residents of the
building age 55 or older
606 150 112 110 55 25 85 13 2 5 12 31 6 0 0 47514
Over one-half the residents of the
building not age 55 or older
6727 1875 1918 1168 681 399 234 129 89 56 44 35 44 46 10 35468
Not reported 2676 626 632 556 362 165 109 38 81 11 11 51 9 16 9 42703

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

Property provides meal service
1173 237 264 204 118 90 135 30 45 8 10 24 1 3 3 48256
Charge included in rent 805 161 131 104 93 81 122 30 39 3 10 24 1 2 3 61108
Charge not included in rent 124 19 56 18 4 7 13 0 0 5 0 0 0 1 0 35249
Not reported 243 56 77 82 21 2 0 0 5 0 0 0 0 0 0 36996
Property does not provide meal
service
1175 255 266 227 205 58 53 18 18 1 11 38 14 5 5 45588
Not reported 7662 2160 2132 1402 774 441 239 132 109 63 46 55 44 54 10 35631

OWNER CHARACTERISTICS


Type of Owner

Individual investor(s)
1899 582 730 306 174 54 34 3 0 7 2 7 0 0 0 30077
Limited partnership 2258 667 537 495 210 155 56 37 30 7 12 17 35 0 0 37199
Joint venture 75 20 29 5 11 3 0 2 4 0 0 0 1 0 0 32345
General partnership 1026 556 235 107 53 17 17 0 30 0 10 0 0 2 0 18451
Life insurance company 223 10 20 51 43 34 12 19 0 4 6 23 0 0 0 74106
Depository institution 17 11 6 0 0 0 0 0 0 0 0 0 0 0 0 14927
Public real estate investment trust 924 114 149 259 161 75 91 26 27 15 8 0 0 0 0 55468
Private real estate investment trust 101 32 9 11 13 12 17 2 1 0 0 5 0 0 0 58981
Corporation - other than real estate
investment trust
1920 407 651 297 239 89 64 37 35 29 8 16 3 45 0 36988
Housing cooperative organization 263 44 36 43 11 19 46 5 22 1 9 9 8 9 0 75801
Non-profit or church-related institution 954 161 186 174 102 116 74 38 20 8 13 27 10 7 18 53850
Pension fund 150 3 13 44 50 12 9 6 0 0 0 13 0 0 0 65716
Fraternal organization 3 0 3 0 0 0 0 0 0 0 0 0 0 0 0 30000
Other 197 44 60 42 30 4 7 5 3 0 0 0 2 0 0 38257

RECURRING EXPENSES


Real Estate Tax Per Housing Unit

Acquired before 2000
9576 2536 2559 1794 1013 564 403 162 170 70 66 99 59 63 18 37528
Less than $100 1226 560 185 161 103 79 54 19 23 5 9 3 1 7 18 24754
$100 to $199 1065 767 165 92 13 13 3 4 0 0 1 7 0 0 0 13896
$200 to $299 934 328 392 113 52 15 9 0 13 6 6 0 0 0 0 27089
$300 to $399 743 217 339 126 34 15 5 5 1 0 0 0 0 0 0 29101
$400 to $499 966 297 285 239 97 28 6 10 0 0 3 0 0 2 0 33021
$500 to $599 651 72 139 229 106 7 28 0 1 10 0 0 14 45 0 50031
$600 to $699 755 2 378 143 130 71 25 2 0 0 3 0 1 0 0 39867
$700 to $799 427 1 139 98 99 31 33 10 0 5 0 4 6 0 0 54947
$800 to $899 456 4 143 106 57 78 34 22 5 1 6 0 0 0 0 55311
$900 to $999 226 12 56 49 47 20 22 7 11 0 0 0 0 0 0 58120
$1,000 to $1,249 489 0 105 206 55 26 44 24 23 3 3 0 0 0 0 53586
$1,250 to $1,499 263 1 10 96 68 19 32 17 12 0 1 0 7 0 0 67191
$1,500 to $1,999 352 7 17 60 87 47 45 13 39 21 12 1 0 0 0 81707
$2,000 to $2,499 145 14 0 0 28 17 44 3 1 5 4 28 0 1 0 107771
$2,500 or more 177 2 19 0 4 43 12 14 9 6 12 25 23 8 0 140335
Not reported 701 252 186 77 34 55 8 10 30 6 6 31 6 0 0 30577
Median 449 176 437 556 666 787 904 936 1161 1518 1173 2342 1371 551 50 ...
Mean 612 227 504 640 778 944 1060 1143 1116 1336 1610 2506 3722 1161 0 219419
Acquired 2000 and 2001 (part) 433 115 103 39 84 25 24 19 2 2 1 18 0 0 0 39617

Real Estate Tax Per $1,000 Value

Acquired before 2000
9576 2536 2559 1794 1013 564 403 162 170 70 66 99 59 63 18 37528
Less than $5 1204 128 206 265 183 114 78 41 38 27 28 14 30 53 0 60374
$5 to $9 1502 84 346 365 235 161 137 65 52 10 21 24 0 1 0 57552
$10 to $14 2414 694 601 521 286 109 82 29 40 21 1 19 2 8 0 37060
$15 to $19 1078 285 364 201 116 28 42 3 8 4 5 7 15 0 0 33947
$20 to $24 799 209 280 138 69 43 47 8 1 1 4 0 0 0 0 33673
$25 to $29 627 247 248 61 51 14 0 0 0 0 0 0 6 0 0 25384
$30 to $39 1093 567 275 154 35 40 10 7 0 0 1 4 0 0 0 19276
$40 to $49 33 8 8 12 4 0 0 0 0 0 0 0 0 0 0 40184
$50 to $59 4 1 3 0 0 0 0 0 0 0 0 0 0 0 0 26391
$60 or more 104 61 43 0 0 0 0 0 0 0 0 0 0 0 0 16960
Not reported or not computed 719 252 186 77 34 55 8 10 30 6 6 31 6 0 18 30577
Median 14 19 15 12 11 9 9 8 8 8 6 9 4 3 0 ...
Acquired 2000 and 2001 (part) 433 115 103 39 84 25 24 19 2 2 1 18 0 0 0 39617

Property Management

Property managed by paid property
management company
7788 2112 2079 1364 853 454 314 159 115 56 58 107 45 54 18 37056
Property not managed by paid property
management company
1674 345 483 334 188 106 106 18 53 16 10 3 14 0 0 40578
Not reported 547 195 101 135 57 29 7 3 4 0 0 7 0 8 0 35648

Property Management and Administration
Expenses Per Housing Unit

Acquired before 2000
9576 2536 2559 1794 1013 564 403 162 170 70 66 99 59 63 18 37528
Less than $100 152 89 48 6 3 0 0 0 0 6 0 0 0 0 0 16996
$100 to $199 457 215 147 41 7 17 4 7 5 0 3 2 8 0 0 21785
$200 to $299 843 182 334 196 54 47 20 2 8 0 0 1 0 0 0 34359
$300 to $399 1110 237 223 301 186 49 53 40 8 2 6 0 0 0 5 46166
$400 to $499 1127 482 299 164 87 41 18 14 0 0 10 5 7 2 0 25481
$500 to $599 437 68 191 68 37 36 22 2 0 2 3 0 0 0 10 35252
$600 to $699 535 84 124 116 44 31 27 12 17 6 7 23 0 45 0 50376
$700 to $799 309 71 54 60 73 5 17 15 4 0 3 7 0 0 0 49511
$800 to $899 357 50 73 135 17 22 29 8 13 0 3 0 0 5 0 48147
$900 to $999 248 39 117 32 21 3 8 6 1 11 0 0 7 1 0 34464
$1,000 to $1,249 643 92 192 157 65 47 47 8 25 7 4 0 0 0 0 44839
$1,250 to $1,499 296 37 33 102 40 34 29 5 9 0 3 0 0 0 3 54912
$1,500 to $1,999 375 27 43 80 110 49 26 7 10 9 6 2 6 0 0 66870
$2,000 to $2,499 133 21 12 17 24 15 9 6 3 6 0 1 19 0 0 74075
$2,500 or more 265 29 42 52 38 34 36 5 5 6 1 1 6 10 0 65434
No expenses 744 273 195 98 65 29 16 11 32 4 7 11 1 0 0 30118
Not reported or not computed 1544 538 433 170 142 104 43 15 27 11 9 46 6 0 0 30782
Median 496 429 471 581 666 685 842 631 892 998 639 655 1873 666 541 ...
Acquired 2000 and 2001 (part) 433 115 103 39 84 25 24 19 2 2 1 18 0 0 0 39617

Maintenance and Repair Expenses
Per Housing Unit

Acquired before 2000
9576 2536 2559 1794 1013 564 403 162 170 70 66 99 59 63 18 37528
Less than $100 211 67 31 73 17 15 7 0 2 0 0 0 0 0 0 42210
$100 to $199 835 519 145 50 32 57 17 7 0 9 0 0 0 0 0 16102
$200 to $299 435 165 73 112 16 18 19 9 6 0 7 7 0 0 3 33866
$300 to $399 626 134 215 156 60 15 17 3 12 2 2 0 8 0 0 36585
$400 to $499 693 180 171 161 100 23 30 0 6 10 5 0 7 1 0 39462
$500 to $599 607 97 220 122 67 36 25 10 4 10 4 11 1 0 0 38727
$600 to $699 638 112 179 117 132 57 12 9 7 0 0 4 0 0 10 43975
$700 to $799 561 103 180 104 69 18 39 7 22 1 9 0 0 8 0 39613
$800 to $899 505 116 135 74 18 36 46 27 1 1 0 0 0 50 0 40294
$900 to $999 499 91 105 123 66 17 53 20 15 3 5 0 0 0 0 48679
$1,000 to $1,249 603 126 175 136 89 27 4 15 14 0 1 8 0 2 5 39684
$1,250 to $1,499 382 34 193 51 39 23 29 10 1 3 0 0 0 0 0 36308
$1,500 to $1,999 638 61 112 214 60 77 34 15 8 15 11 23 7 2 0 53647
$2,000 to $2,499 269 43 72 57 47 14 13 6 10 0 0 0 6 0 0 46677
$2,500 or more 335 54 102 45 40 18 24 11 3 3 8 4 24 0 0 45235
No expenses 129 83 12 23 3 0 7 0 0 0 2 0 0 0 0 15483
Not reported or not computed 1611 551 437 178 158 114 28 14 59 13 12 42 6 0 0 31649
Median 680 437 711 707 703 724 841 914 787 580 783 1203 2309 844 659 ...
Acquired 2000 and 2001 (part) 433 115 103 39 84 25 24 19 2 2 1 18 0 0 0 39617

Utility and Fuel Expenses Per Housing Unit

Acquired before 2000
9576 2536 2559 1794 1013 564 403 162 170 70 66 99 59 63 18 37528
Less than $250 1072 568 201 169 43 39 4 0 2 0 0 1 0 45 0 18892
$250 to $499 2144 370 678 471 315 132 96 28 32 18 3 0 0 0 0 41027
$500 to $749 1853 358 481 504 217 113 70 43 23 8 10 9 15 2 0 43457
$750 to $999 1006 296 349 114 109 58 21 7 20 4 8 1 8 5 5 31700
$1,000 to $1,249 655 151 162 132 74 34 44 21 7 8 5 0 8 0 10 41382
$1,250 to $1,499 536 121 83 130 34 52 42 20 11 9 9 23 0 0 3 49618
$1,500 to $1,749 199 25 50 43 30 7 12 13 1 1 6 10 0 0 0 51313
$1,750 to $1,999 138 17 20 10 7 1 59 10 2 1 7 4 0 0 0 105980
$2,000 to $2,499 73 0 32 9 9 8 2 4 3 0 2 2 1 1 0 49760
$2,500 or more 113 12 8 8 14 3 13 1 10 6 7 0 21 10 0 122129
No expenses 109 51 24 15 1 4 12 0 0 0 0 0 0 0 0 22433
Not reported or not computed 1679 568 469 189 159 114 28 14 59 14 10 49 6 0 0 31599
Median 591 515 580 577 578 614 885 829 742 839 1307 1400 1119 175 1102 ...
Acquired 2000 and 2001 (part) 433 115 103 39 84 25 24 19 2 2 1 18 0 0 0 39617

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