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Residential Finance Survey: 2001 - United States
Table 7-9. Monthly Rental Receipts per Housing Unit, 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.
Properties acquired before 2000 excludes properties with less than half of units in rental market during all of year preceding survey and cooperatively owned apartments^^

Monthly rental receipts per housing unit
Total Less than
$100
$100 to
$199
$200 to
$299
$300 to
$399
$400 to
$499
$500 to
$599
$600 to
$799
$800 to
$999
$1,000 or
more
No rental
receipts
Median
(dollars)

50-or-more-housing-unit
properties with a traditional
first mortgage
61105 1756 2345 3531 7401 10140 11038 13653 4774 5955 511 546

PROPERTY CHARACTERISTICS


Year Property Acquired

1999 to 2001 (part)
10626 386 727 862 1411 1856 1722 1746 718 832 365 494
1997 and 1998 9376 314 520 456 1155 1629 1643 1760 581 1286 32 536
1995 and 1996 5465 139 143 270 626 1016 1103 1318 389 439 22 548
1990 to 1994 7755 307 161 484 857 1656 1568 1462 490 752 18 526
1985 to 1989 8238 228 159 518 1148 988 1763 2083 464 873 13 561
1980 to 1984 7377 201 179 303 728 1173 1469 1491 1036 765 31 574
1975 to 1979 6270 64 220 206 687 923 827 2506 484 340 13 616
1970 to 1974 3538 81 128 271 595 602 577 683 328 274 0 516
1969 or earlier 2462 37 108 161 196 296 364 604 284 394 17 620

Year Structure Built

1999 to March 2000
1873 35 199 100 195 203 219 303 95 275 247 536
1997 and 1998 3191 65 452 196 253 331 447 614 261 565 7 566
1995 and 1996 2276 37 5 100 242 419 380 597 220 265 10 587
1990 to 1994 3355 99 35 222 218 460 716 845 292 451 17 589
1980 to 1989 14864 371 324 932 1337 2366 3047 3533 1363 1551 41 568
1970 to 1979 18739 679 693 1141 3182 3594 3215 4276 1035 872 54 502
1960 to 1969 8445 189 339 493 1039 1475 1681 1630 862 683 53 539
1950 to 1959 2539 67 111 114 312 396 297 486 151 588 17 588
1940 to 1949 1280 36 72 62 123 204 187 386 56 149 4 575
1939 or earlier 4543 178 115 169 501 692 847 983 439 557 61 569

Purchase Price Per Housing Unit@8

Properties acquired by
purchase 1997 to 2001 (part)
17882 626 1191 1198 2342 3225 3068 3246 1111 1488 386 505
Less than $20,000 4160 426 788 346 787 854 346 126 108 93 283 348
$20,000 to $39,999 6550 129 294 613 1194 1724 1506 802 81 162 47 459
$40,000 to $59,999 3868 35 50 139 171 479 924 1509 302 222 36 616
$60,000 to $79,999 1860 26 36 56 158 119 118 650 395 290 11 726
$80,000 to $99,999 735 5 17 22 18 24 142 119 158 226 4 824
$100,000 to $124,999 324 1 6 7 5 16 21 13 56 198 2 190692
$125,000 to $149,999 179 5 0 5 5 2 0 25 5 131 0 318973
$150,000 to $174,999 50 0 0 2 0 0 0 1 2 46 0 448281
$175,000 to $199,999 42 0 0 6 0 1 10 0 0 25 0 158366
$200,000 to $249,999 69 0 0 0 0 0 0 0 2 67 0 486926
$250,000 to $299,999 13 0 0 3 0 1 2 1 0 6 0 754
$300,000 to $499,999 10 0 0 0 0 3 0 0 0 7 0 259531
$500,000 or more 9 0 0 0 0 0 0 0 1 8 0 429864
Median 34579 14692 15113 28256 26396 28801 35777 49212 63229 78176 13552 ...
Mean 40690 18407 19280 31205 27606 30761 39272 50010 61954 90445 15141 672
Other properties 43224 1130 1154 2333 5059 6915 7970 10407 3663 4468 125 562

Rental Receipts as Percent of Value@8

Acquired before 2000
54526 1463 1765 2887 6626 8908 10033 12784 4428 5474 157 555
Less than 5 percent 1424 657 185 141 62 83 86 148 25 28 11 127
5 to 9 percent 3407 33 158 449 662 565 553 337 283 362 4 470
10 to 14 percent 16334 672 837 1453 1937 2105 2628 3695 1470 1530 7 544
15 to 19 percent 14811 13 468 369 1549 2618 3372 4650 1094 679 0 571
20 to 24 percent 7989 19 33 217 1409 1820 1560 1724 524 679 4 532
25 to 29 percent 4315 3 32 120 439 685 795 933 569 737 1 618
30 to 39 percent 3034 60 18 82 338 550 551 621 233 582 0 585
40 percent or more 3082 6 34 57 230 483 488 676 231 877 0 672
Median 17 10 13 13 17 18 18 17 17 21 8 ...
Acquired 2000 and 2001 (part) 6579 293 581 644 775 1231 1005 869 345 482 354 467

Rental Vacancy Losses as Percent of
Potential Receipts

Acquired before 2000
54526 1463 1765 2887 6626 8908 10033 12784 4428 5474 157 555
Less than 1.0 percent 7279 153 53 197 574 1117 1269 1662 1066 1175 14 633
1.0 to 2.9 percent 9854 34 78 252 760 1529 2193 2745 1256 1005 3 606
3.0 to 4.9 percent 8330 25 92 242 689 1418 2118 2297 768 682 0 580
5.0 to 6.9 percent 5126 55 38 241 490 1020 1263 1330 323 366 0 557
7.0 to 8.9 percent 5096 5 32 119 496 824 847 2089 132 552 0 622
9.0 to 10.9 percent 2468 8 67 119 595 564 456 516 72 71 0 479
11.0 to 12.9 percent 1453 13 0 70 410 343 181 290 44 103 0 468
13.0 to 14.9 percent 731 8 8 26 235 198 95 104 13 43 1 444
15.0 percent or more 3730 414 720 421 1036 441 179 192 54 270 2 330
Not reported or not computed 10459 749 676 1199 1341 1456 1431 1560 702 1206 138 482
Median 4.2 26.7 35.8 6.3 7.5 4.5 3.8 4.0 2.3 2.9 0.7 ...
Acquired 2000 and 2001 (part) 6579 293 581 644 775 1231 1005 869 345 482 354 467

OWNER CHARACTERISTICS


Type of Owner

Individual investor(s)
7408 457 354 689 1283 1139 1252 1369 329 494 42 479
Limited partnership 26622 596 966 1568 3014 4856 5173 5589 2310 2225 324 542
Joint venture 661 11 32 34 50 109 113 146 121 44 0 583
General partnership 4472 46 61 191 466 839 995 1108 391 366 10 563
Life insurance company 108 0 1 12 31 6 19 5 9 20 4 508
Depository institution 5 0 0 0 1 0 4 0 0 0 0 530
Public real estate investment trust 1006 16 63 41 83 88 150 329 131 104 0 637
Private real estate investment trust 225 78 0 0 12 12 67 18 10 29 0 517
Corporation - other than real estate
investment trust
12605 294 488 485 1591 1934 2024 3681 882 1176 49 573
Housing cooperative organization 2222 71 58 40 276 414 315 238 107 650 51 572
Non-profit or church-related institution 3912 92 236 376 493 514 647 637 271 629 17 536
Pension fund 84 1 5 0 0 3 2 19 50 4 0 846
Fraternal organization 11 0 0 2 0 4 0 6 0 0 0 498
Other 1765 94 81 92 101 221 276 510 164 212 13 604

MORTGAGE CHARACTERISTICS


Number of Mortgages

1 mortgage
53963 1653 2035 2952 6462 9042 9617 12421 3998 5305 478 548
2 mortgages 5745 91 259 390 772 889 1116 951 707 552 18 541
3 or more mortgages 1398 11 52 190 168 208 305 281 69 99 15 521

Total Outstanding Debt as a Percent
of Value

Less than 20 percent
4579 161 245 305 652 757 800 851 285 476 47 518
20 to 29 percent 3251 95 179 201 488 579 590 532 241 345 2 514
30 to 39 percent 4919 148 207 232 620 762 873 1215 455 387 20 555
40 to 49 percent 7373 166 99 483 704 1264 1439 1574 600 1023 22 567
50 to 59 percent 9585 188 582 509 1564 1587 1405 2122 721 878 29 525
60 to 69 percent 10228 233 181 368 1081 1481 1841 3094 952 730 267 589
70 to 79 percent 7574 293 161 441 736 1386 1533 1644 615 716 49 549
80 to 89 percent 4551 53 289 309 543 778 956 922 297 378 26 530
90 to 99 percent 3179 131 71 178 416 550 624 718 136 330 24 537
100 percent or more 4120 101 178 316 408 708 778 854 326 426 25 543
Not reported or not computed 1746 188 154 190 189 288 198 126 145 267 1 452
Median 60 61 56 59 57 60 62 62 60 57 65 ...

MORTGAGE PAYMENTS AND OTHER EXPENSES


Monthly Interest and Principal
Payments on First Mortgage Per
Housing Unit

Regular monthly payments of
inter
60551 1734 2340 3508 7365 10093 10977 13497 4687 5846 503 545
Less than $100 9338 812 1252 1168 2048 1546 1059 804 175 211 264 364
$100 to $199 18480 262 484 1216 3662 4946 3885 2901 505 534 84 472
$200 to $299 16475 284 244 458 1039 2475 4211 5350 1288 1029 97 588
$300 to $399 6807 43 58 81 135 413 1145 2859 1201 831 39 705
$400 to $499 3065 63 51 80 46 73 146 825 930 848 4 853
$500 to $599 1326 15 7 11 27 36 52 217 272 685 3 35715
$600 to $699 629 9 12 8 18 9 35 52 67 416 2 247394
$700 to $799 369 0 0 4 4 38 3 31 27 259 3 292992
$800 to $899 225 0 0 3 5 0 10 24 7 176 0 363247
$900 to $999 134 0 2 4 1 2 0 10 0 115 0 416897
$1,000 to $1,249 263 1 0 3 25 5 56 19 25 130 0 986
$1,250 to $1,499 143 17 0 1 4 18 25 16 11 51 0 689
$1,500 or more 449 2 2 35 19 45 61 132 34 117 0 689
Not reported 2850 226 229 435 331 487 289 257 146 445 6 441
Median 206 93 85 130 140 166 209 254 325 411 94 ...
Mean 257 151 121 201 158 190 233 286 369 513 122 639
No regular payments required 554 22 5 23 36 47 60 156 87 109 9 701

Current First Mortgage Payment Status

Regular monthly payments of
principal and/or interest
60551 1734 2340 3508 7365 10093 10977 13497 4687 5846 503 545
Up-to-date, ahead of schedule, or
less than 90 days past due
21279 522 722 1301 2524 3501 3426 5854 1659 1707 63 559
Delinquent by 90 days or more 140 35 7 2 12 14 9 17 19 16 8 466
Legal proceedings have begun 18 3 0 0 4 3 0 7 0 0 2 437
Legal proceedings have not begun 115 32 1 2 8 11 9 10 18 16 6 495
Not reported 7 0 6 0 0 0 0 0 1 0 0 160
Not reported 39132 1177 1612 2205 4829 6578 7542 7626 3010 4123 431 539
Other properties 554 22 5 23 36 47 60 156 87 109 9 701

Monthly Interest and Principal Payments
on Total Mortgages Per Housing Unit

Regular monthly payments of
interest and/or principal
60551 1734 2340 3508 7365 10093 10977 13497 4687 5846 503 545
Less than $100 11571 1036 1465 1488 2245 1943 1197 992 295 639 270 374
$100 to $199 18030 258 452 1302 3692 4823 3753 2714 459 498 80 468
$200 to $299 16452 287 292 480 1056 2617 4325 5362 940 996 97 580
$300 to $399 7474 41 54 85 209 478 1201 2999 1538 832 37 710
$400 to $499 3217 65 51 79 42 73 220 874 973 836 4 842
$500 to $599 1426 17 10 12 32 39 75 246 295 691 9 989
$600 to $699 691 10 13 8 24 11 38 68 67 449 2 232808
$700 to $799 399 0 0 4 4 38 4 37 39 270 3 266521
$800 to $899 248 0 0 3 5 0 10 24 7 200 0 379381
$900 to $999 137 0 2 4 1 2 1 10 6 110 0 381375
$1,000 to $1,249 269 1 0 5 25 5 56 19 25 133 0 988
$1,250 to $1,499 146 17 0 1 4 16 25 16 11 56 0 734
$1,500 or more 493 2 2 35 26 47 73 137 34 137 0 689
Not reported 0 0 0 0 0 0 0 0 0 0 0 0
Median 204 84 80 120 139 164 212 257 342 395 93 ...
Mean 253 133 112 182 159 185 237 287 373 490 124 649
No regular payments required 554 22 5 23 36 47 60 156 87 109 9 701

Interest and Principal Payment on Total
Mortgages as Percent of Rental Receipts

Acquired before 2000 and regular
payments of interest and/or
principal
51659 1241 1616 2471 6304 8427 9729 12469 4219 5030 154 559
Less than 20 percent 6594 99 152 249 1146 999 983 1344 401 1221 0 566
20 to 29 percent 9382 8 539 404 995 1692 1603 2009 735 1398 0 566
30 to 39 percent 12803 78 187 400 1471 2073 2622 4145 917 904 6 584
40 to 49 percent 10146 29 126 299 1081 1867 2404 2302 1285 753 0 570
50 to 59 percent 5931 112 51 236 700 991 1184 1591 648 418 0 574
60 to 69 percent 2721 134 160 294 458 425 416 564 105 161 2 474
70 to 79 percent 1032 68 65 199 155 129 150 156 43 65 1 422
80 to 89 percent 440 53 6 91 68 37 82 78 6 14 5 399
90 to 99 percent 369 8 56 33 59 67 61 65 8 13 0 443
100 percent or more 2113 651 275 264 171 147 224 214 71 84 12 247
Not reported or not computed 127 0 0 0 0 0 0 0 0 0 127 0
Median 38 4829 36 46 37 37 39 37 40 29 87 ...
Other properties 9446 515 729 1061 1098 1713 1309 1185 554 925 358 467

Real Estate Tax Per $1,000 Value

Acquired before 2000
54526 1463 1765 2887 6626 8908 10033 12784 4428 5474 157 555
Less than $5 7448 161 411 560 904 1136 1171 1317 535 1219 34 546
$5 to $9 10417 280 187 673 1143 1592 1961 2279 1232 1030 39 567
$10 to $14 13407 265 433 881 2259 2369 2354 2655 1010 1148 32 520
$15 to $19 9253 248 536 208 910 1320 1889 3076 524 539 2 574
$20 to $24 4458 32 26 182 518 910 1092 1029 294 363 13 551
$25 to $29 2951 53 39 115 257 529 604 939 212 202 1 580
$30 to $39 5941 251 46 230 581 964 947 1463 587 834 37 593
$40 to $49 11 3 0 0 0 0 0 0 0 8 0 323313
$50 to $59 4 0 0 0 0 4 0 0 0 0 0 450
$60 or more 45 7 16 0 15 0 2 0 0 6 0 302
Not reported or not computed 591 164 69 37 41 84 12 26 33 124 0 360
Median 13 14 13 11 13 14 14 15 12 12 11 ...
Acquired 2000 and 2001 (part) 6579 293 581 644 775 1231 1005 869 345 482 354 467

Real Estate Tax as Percent of Rental
Receipts

Acquired before 2000
54526 1463 1765 2887 6626 8908 10033 12784 4428 5474 157 555
Less than 5 percent 12701 78 448 768 1462 2035 2109 2266 1224 2308 4 574
5 to 9 percent 25285 238 484 1219 3349 4349 4628 7026 1964 2019 8 565
10 to 14 percent 10830 257 533 533 1296 1717 2477 2616 791 610 0 544
15 to 19 percent 2602 12 65 149 263 474 526 617 239 258 0 564
20 to 24 percent 1172 120 40 121 124 176 211 161 151 69 0 502
25 to 29 percent 330 29 12 20 67 44 42 46 18 52 0 483
30 to 34 percent 128 27 0 24 9 16 18 16 6 13 0 428
35 to 39 percent 62 27 7 0 6 4 3 0 0 13 2 143
40 percent or more 696 510 107 17 10 9 8 10 3 9 13 67
Not reported or not computed 721 164 69 37 41 84 12 26 33 124 130 360
Median 8 23 9 8 8 8 8 8 7 6 39 ...
Acquired 2000 and 2001 (part) 6579 293 581 644 775 1231 1005 869 345 482 354 467

Property Management

Property managed by paid property
management company
53642 1232 2008 2695 6667 9040 9852 12568 4285 5100 195 552
Property not managed by paid property
management company
4980 265 180 373 425 765 838 791 365 663 315 539
Not reported 2483 259 157 463 309 334 348 295 124 192 2 416

Property Management and Administration
Expenses Per Housing Unit

Acquired before 2000
54526 1463 1765 2887 6626 8908 10033 12784 4428 5474 157 555
Less than $100 880 64 432 19 79 64 118 80 13 9 4 187
$100 to $199 2610 122 213 321 718 453 362 328 49 35 10 390
$200 to $299 5643 180 106 227 1213 1607 1208 850 104 123 25 467
$300 to $399 7425 106 76 240 1133 1381 2092 1970 237 182 6 537
$400 to $499 6691 64 112 210 428 935 1149 3120 464 192 19 628
$500 to $599 3733 25 57 101 239 530 737 981 671 391 2 636
$600 to $699 2661 28 14 193 215 502 525 582 267 316 20 570
$700 to $799 2445 19 14 168 229 313 462 587 333 321 0 606
$800 to $899 1905 25 6 61 251 291 403 433 191 238 6 578
$900 to $999 1718 1 7 95 270 421 229 354 170 170 1 528
$1,000 to $1,249 4002 52 57 107 380 742 796 972 390 506 1 583
$1,250 to $1,499 2668 25 9 88 208 324 577 704 311 422 1 629
$1,500 to $1,999 2146 18 25 25 114 103 300 529 610 423 0 785
$2,000 to $2,499 668 0 7 6 17 20 41 123 168 284 1 942
$2,500 or more 1315 0 0 26 25 33 25 87 71 1046 1 372848
No expenses 2649 173 121 167 454 411 484 383 105 308 43 494
Not reported or not computed 5367 560 510 831 657 780 525 703 277 508 15 415
Median 500 299 163 465 366 438 464 484 766 1174 420 ...
Acquired 2000 and 2001 (part) 6579 293 581 644 775 1231 1005 869 345 482 354 467

Maintenance and Repair Expenses
Per Housing Unit

Acquired before 2000
54526 1463 1765 2887 6626 8908 10033 12784 4428 5474 157 555
Less than $100 1701 239 444 107 109 216 139 335 27 80 5 353
$100 to $199 2336 61 111 252 416 402 406 371 151 164 0 481
$200 to $299 3035 71 122 211 504 654 703 440 149 170 12 492
$300 to $399 3625 65 144 189 636 829 725 671 124 225 18 493
$400 to $499 3956 165 59 148 460 743 1060 853 179 278 11 537
$500 to $599 3809 33 76 215 596 707 809 860 260 250 3 534
$600 to $699 3894 5 29 186 832 699 811 809 226 288 11 524
$700 to $799 3267 58 37 135 379 598 753 745 338 213 8 556
$800 to $899 4348 63 38 154 302 543 487 2202 276 269 13 653
$900 to $999 2276 19 6 64 220 462 489 596 212 209 0 575
$1,000 to $1,249 5489 43 104 120 505 813 1088 1203 793 817 3 612
$1,250 to $1,499 3390 22 22 62 445 482 656 1017 368 314 1 601
$1,500 to $1,999 3603 39 33 107 177 578 751 917 414 576 10 624
$2,000 to $2,499 1419 36 11 18 34 148 254 343 214 357 3 721
$2,500 or more 1918 29 23 9 47 104 221 419 314 739 13 864
No expenses 382 5 13 22 102 28 87 28 39 28 30 507
Not reported or not computed 6079 511 490 886 862 904 593 975 345 496 17 431
Median 751 423 262 538 613 663 703 837 1026 1101 656 ...
Acquired 2000 and 2001 (part) 6579 293 581 644 775 1231 1005 869 345 482 354 467

Utility and Fuel Expenses Per Housing Unit

Acquired before 2000
54526 1463 1765 2887 6626 8908 10033 12784 4428 5474 157 555
Less than $250 4141 209 643 305 709 699 645 609 189 117 16 428
$250 to $499 13717 210 287 748 2089 2917 3202 2917 951 393 3 519
$500 to $749 13807 172 149 481 1391 2126 2920 4418 928 1195 27 588
$750 to $999 7962 163 69 205 916 1240 1275 2025 1060 993 18 610
$1,000 to $1,249 4215 34 14 64 451 651 694 1075 441 764 29 635
$1,250 to $1,499 1887 11 44 52 114 204 314 385 261 495 7 704
$1,500 to $1,749 1046 62 0 25 21 107 229 182 96 322 1 685
$1,750 to $1,999 464 3 2 2 12 64 60 97 36 182 6 779
$2,000 to $2,499 336 0 0 3 18 23 21 77 39 151 4 922
$2,500 or more 506 0 0 25 1 17 31 55 35 333 9 253098
No expenses 572 83 61 53 60 18 75 124 51 26 21 501
Not reported or not computed 5874 515 496 925 845 842 567 821 342 505 16 418
Median 612 519 235 467 511 548 573 635 737 943 952 ...
Acquired 2000 and 2001 (part) 6579 293 581 644 775 1231 1005 869 345 482 354 467

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