Residential Finance Survey

Residential Finance Survey: 2001 - United States
Table 7-8. Total Outstanding Debt as Percent of Value, Rental and Vacant 50-or-More-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
50-or-more-housing-unit properties with a traditional first mortgage	61105	4579	3251	4919	7373	9585	10228	7574	4551	3179	4120	1746	60
PROPERTY CHARACTERISTICS Year Property Acquired 1999 to 2001 (part)	10626	219	263	357	762	1433	2047	2187	1186	815	841	515	70
1997 and 1998	9376	243	256	434	1166	2019	1488	1517	855	577	573	248	63
1995 and 1996	5465	306	196	555	909	886	807	642	532	162	351	119	58
1990 to 1994	7755	471	376	885	1118	1416	1149	829	437	410	513	151	57
1985 to 1989	8238	414	448	753	1282	1572	1076	769	495	633	607	188	57
1980 to 1984	7377	569	477	579	1018	1000	1171	910	541	342	555	215	59
1975 to 1979	6270	483	605	826	544	545	2001	440	289	137	307	94	60
1970 to 1974	3538	1224	380	241	285	393	283	137	125	59	214	196	33
1969 or earlier	2462	650	250	289	288	320	206	142	91	44	161	21	41
Year Structure Built 1999 to March 2000	1873	51	14	33	80	254	502	283	182	146	133	195	68
1997 and 1998	3191	46	86	98	198	828	361	555	336	315	251	117	68
1995 and 1996	2276	81	44	196	228	479	364	285	283	78	173	66	62
1990 to 1994	3355	150	144	267	381	645	491	428	291	216	284	59	61
1980 to 1989	14864	424	487	1035	2028	2276	2699	2300	1199	986	1016	414	64
1970 to 1979	18739	1832	1266	1434	2021	2870	3856	1960	1245	670	1055	530	59
1960 to 1969	8445	1108	621	858	984	1209	1033	1077	578	315	504	156	55
1950 to 1959	2539	292	155	282	724	321	295	104	61	139	115	52	47
1940 to 1949	1280	119	93	177	110	205	189	78	57	76	119	57	55
1939 or earlier	4543	477	340	540	619	499	437	503	319	239	469	101	55
Purchase Price Per Housing Unit@8 Properties acquired by purchase 1997 to 2001 (part)	17882	413	465	702	1311	3009	3269	3510	1948	1304	1330	621	68
Less than $20,000	4160	99	132	218	275	869	785	571	241	274	391	304	64
$20,000 to $39,999	6550	153	145	240	416	1002	1142	1265	962	516	573	136	71
$40,000 to $59,999	3868	60	29	104	364	505	801	1012	490	277	184	43	70
$60,000 to $79,999	1860	56	78	57	135	327	291	447	175	142	137	15	69
$80,000 to $99,999	735	4	43	30	73	143	155	153	45	46	15	28	64
$100,000 to $124,999	324	13	12	20	23	102	55	31	14	24	18	12	59
$125,000 to $149,999	179	11	13	22	14	11	25	17	9	17	10	31	61
$150,000 to $174,999	50	4	1	2	5	26	2	4	3	3	0	0	55
$175,000 to $199,999	42	1	5	3	2	5	2	8	0	5	2	8	62
$200,000 to $249,999	69	0	7	3	2	7	7	2	7	0	0	33	58
$250,000 to $299,999	13	3	0	3	0	3	3	0	2	0	0	0	54
$300,000 to $499,999	10	8	0	0	1	0	1	0	0	0	0	0	14
$500,000 or more	9	1	0	0	0	3	0	0	0	0	0	5	53
Median	34579	34048	33843	31083	38291	32604	34879	38723	35233	34648	29555	20604	...
Mean	40690	51540	46306	41984	42023	40634	38763	41430	39478	40862	34465	48061	57
Other properties	43224	4166	2786	4218	6062	6576	6958	4064	2602	1875	2790	1125	56
Monthly Rental Receipts Per Housing Unit Acquired before 2000	54526	4445	3093	4722	6948	8749	8888	6255	3735	2627	3584	1480	58
Less than $100	1463	161	88	144	149	175	190	178	24	111	64	177	56
$100 to $199	1765	241	151	199	88	506	81	77	140	42	92	146	53
$200 to $299	2887	296	193	205	476	424	249	304	211	114	269	145	55
$300 to $399	6626	640	453	568	651	1467	887	618	450	361	378	154	56
$400 to $499	8908	749	568	742	1111	1470	1258	1121	672	378	610	230	58
$500 to $599	10033	772	582	844	1348	1228	1664	1401	830	545	661	157	61
$600 to $799	7253	470	387	648	969	1332	939	932	509	478	503	88	58
$800 to $999	9959	636	378	992	1134	1317	2928	1023	534	288	572	157	62
$1000 or more	5474	447	291	364	1000	814	671	594	353	298	413	227	56
No rental receipts	157	32	2	14	22	15	21	6	13	11	21	0	56
Median	555	515	516	559	573	526	622	559	544	555	556	451	...
Mean	644	603	590	691	659	616	669	649	626	744	639	544	61
Acquired 2000 and 2001 (part)	6579	134	158	198	425	836	1339	1319	816	553	537	266	71
Rental Receipts as Percent of Value@8 Acquired before 2000	54526	4445	3093	4722	6948	8749	8888	6255	3735	2627	3584	1480	58
Less than 5 percent	1424	492	48	133	62	221	177	113	34	63	10	72	41
5 to 9 percent	3407	741	461	508	511	337	298	218	98	88	92	55	39
10 to 14 percent	16334	1322	1214	1864	2938	3134	1959	1483	713	485	342	881	51
15 to 19 percent	14811	659	548	1099	1566	2550	3942	2054	1128	582	574	110	62
20 to 24 percent	7989	460	323	518	842	1451	1221	1402	807	458	405	102	63
25 to 29 percent	4315	207	168	264	606	439	845	419	427	386	482	72	65
30 to 39 percent	3034	252	106	159	257	370	192	362	264	352	679	39	74
40 percent or more	3082	285	224	162	155	242	234	198	254	201	979	149	78
Median	17	14	14	15	15	16	18	18	20	21	29	13	...
Acquired 2000 and 2001 (part)	6579	134	158	198	425	836	1339	1319	816	553	537	266	71
Rental Vacancy Losses as Percent of Potential Receipts Acquired before 2000	54526	4445	3093	4722	6948	8749	8888	6255	3735	2627	3584	1480	58
Less than 1.0 percent	7279	1049	540	589	938	1007	1056	651	489	262	548	150	54
1.0 to 2.9 percent	9854	980	613	1039	1351	1421	1361	1064	829	411	655	129	56
3.0 to 4.9 percent	8330	467	606	765	1069	1230	1169	1197	552	497	659	119	60
5.0 to 6.9 percent	5126	408	158	324	784	838	882	774	355	217	336	50	60
7.0 to 8.9 percent	5096	164	116	363	782	539	1887	579	275	173	179	40	63
9.0 to 10.9 percent	2468	188	75	310	200	398	461	231	217	216	162	9	61
11.0 to 12.9 percent	1453	35	25	63	102	398	223	273	123	116	95	0	65
13.0 to 14.9 percent	731	33	41	51	52	194	100	99	56	12	86	7	60
15.0 percent or more	3730	185	114	276	212	1102	599	568	240	182	229	23	60
Not reported or not computed	10459	938	806	941	1458	1622	1149	818	598	541	635	952	54
Median	4.2	2.4	3.0	3.7	3.9	4.8	5.6	4.7	3.9	4.5	3.8	2.8	...
Acquired 2000 and 2001 (part)	6579	134	158	198	425	836	1339	1319	816	553	537	266	71
Age Restrictions Property restricted to people age 55 or older	10468	972	685	843	1192	1282	1661	1302	864	720	647	299	61
Property not restricted to people age 55 or older	48401	3450	2409	3824	5700	7875	8320	6166	3606	2364	3333	1354	60
Not reported	2236	157	157	252	480	429	246	105	81	94	141	93	51
Age Composition Over one-half the residents of the building age 55 or older	3452	344	191	361	352	439	546	406	202	270	277	63	60
Over one-half the residents of the building not age 55 or older	43396	3035	2143	3337	5022	7132	7589	5605	3277	2039	2984	1232	61
Not reported	14258	1200	917	1221	1998	2014	2093	1562	1072	870	859	451	58
Meal Service Provided by Properties Exclusively or Predominantly Occupied by People Age 55 or Older Property provides meal service	5664	474	281	414	582	711	1043	787	346	513	357	156	63
Charge included in rent	3546	257	174	197	422	458	512	612	226	325	259	105	64
Charge not included in rent	694	75	64	86	53	80	40	63	39	144	37	12	58
Not reported	1424	142	44	131	107	174	491	112	81	44	60	40	62
Property does not provide meal service	7803	765	527	710	1107	1002	990	783	646	481	548	245	57
Not reported	47639	3341	2443	3795	5684	7872	8195	6003	3560	2185	3216	1345	60
OWNER CHARACTERISTICS Type of Owner Individual investor(s)	7408	543	468	734	988	1198	1188	847	358	388	353	343	57
Limited partnership	26622	1737	1207	1919	3052	4361	4343	3543	2128	1557	2207	568	62
Joint venture	661	52	45	46	66	133	116	70	41	24	43	27	58
General partnership	4472	456	299	348	483	825	538	583	303	236	284	117	57
Life insurance company	108	11	2	6	2	4	58	8	1	4	7	5	65
Depository institution	5	0	4	0	0	0	1	0	0	0	0	0	27
Public real estate investment trust	1006	29	60	95	158	225	154	85	107	29	41	22	57
Private real estate investment trust	225	14	2	84	64	34	9	19	0	0	0	0	42
Corporation - other than real estate investment trust	12605	645	475	1043	1220	1811	3143	1675	1051	544	576	422	63
Housing cooperative organization	2222	460	238	214	644	261	64	104	60	50	89	37	43
Non-profit or church-related institution	3912	559	354	289	405	441	358	343	404	278	343	140	56
Pension fund	84	1	10	6	11	43	2	3	0	2	0	6	53
Fraternal organization	11	2	0	6	0	0	4	0	0	0	0	0	36
Other	1765	70	87	129	281	250	250	294	98	69	178	59	61
MORTGAGE CHARACTERISTICS Number of Mortgages 1 mortgage	53963	4264	2967	4468	6738	8890	9150	6626	3821	2725	2584	1729	59
2 mortgages	5745	231	223	347	513	583	978	768	661	366	1059	17	70
3 or more mortgages	1398	84	61	105	122	111	100	180	69	89	477	0	76
Form of Debt of First Mortgage Mortgage or deed of trust	61103	4579	3251	4919	7373	9585	10228	7574	4551	3177	4120	1746	60
Contract to purchase	0	0	0	0	0	0	0	0	0	0	0	0	0
Some other loan secured by this property	3	0	0	0	0	0	0	0	0	3	0	0	95
Origin of First Mortgage Mortgage made at time property acquired	36496	3196	2026	2929	4065	5630	5395	4704	2839	1939	2363	1411	59
Mortgage assumed at the time property acquired	5272	382	287	285	1146	835	691	676	330	177	359	105	56
Mortgage placed later than acquisition of property	19337	1001	939	1706	2162	3119	4142	2193	1382	1063	1398	230	62
Refinanced mortgage	18234	871	857	1599	2079	2859	4058	2107	1283	995	1341	185	62
Same lender	4495	300	278	591	540	723	511	516	337	253	402	44	57
Different lender	13740	571	579	1008	1539	2136	3547	1591	946	742	939	141	63
Mortgage placed on property owned free and clear of debt	1102	130	82	107	83	260	84	87	99	68	57	45	55
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)	18076	596	608	789	1403	2738	2928	3393	1994	1491	1515	618	69
1997 and 1998	15738	537	511	970	1850	3143	3721	1946	1130	796	888	247	62
1995 and 1996	6907	462	286	736	1264	1021	1082	839	537	124	434	123	56
1990 to 1994	6937	635	523	1061	1133	1122	1140	325	176	306	346	168	50
1985 to 1989	4158	301	306	371	716	707	446	292	231	265	358	164	54
1980 to 1984	4319	289	285	359	666	498	480	634	411	148	373	176	59
1979 or earlier	4970	1760	731	634	339	355	431	145	71	49	205	249	28
Total Mortgage Outstanding Debt Less than $500,000	4883	2380	799	597	257	207	333	208	39	48	13	2	21
$500,000 to $999,999	6272	1029	707	979	1166	800	704	303	268	107	210	0	44
$1,000,000 to $1,499,999	7277	387	588	834	1202	1193	973	965	442	326	369	0	55
$1,500,000 to $1,999,999	6176	237	266	744	768	1088	1075	716	546	355	381	0	60
$2,000,000 to $2,499,999	5417	130	200	371	935	1170	698	745	497	298	373	0	59
$2,500,000 to $2,999,999	3756	119	180	274	598	672	627	446	253	315	273	0	61
$3,000,000 to $3,999,999	6767	119	197	421	812	1553	1280	874	588	380	544	0	62
$4,000,000 to $4,999,999	3977	57	95	157	384	642	771	643	561	201	465	0	68
$5,000,000 to $7,499,999	7035	45	102	298	631	932	2442	1085	523	476	500	0	66
$7,500,000 to $9,999,999	2904	43	42	119	295	499	513	567	319	234	273	0	69
$10,000,000 to $12,499,999	1772	8	32	35	130	351	311	394	185	157	169	0	70
$12,500,000 to $14,999,999	1015	7	13	32	60	161	173	216	103	90	158	0	73
$15,000,000 to $19,999,999	1025	9	12	28	69	148	161	219	119	92	168	0	74
$20,000,000 or more	1084	10	18	30	66	169	167	192	108	100	223	0	74
Not reported	1744	0	0	0	0	0	0	0	0	0	0	1744	0
Median	2468121	480995	1101035	1533664	2156875	2749782	3549900	3462411	3392900	3368899	3811827	250001	...
Mean	4040496	1037178	1917038	2534186	3272013	4312608	4756298	5406533	5031961	5588758	6729062	1	75