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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

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