Residential Finance Survey

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