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Residential Finance Survey: 2001 - United States
Table 8-1a. Mortgage Status, Condominium Properties
^Number of properties in thousands.
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.
@3Permanent (closed end) mortgages - excludes properties with home equity lines of credit as only mortgage.
Monthly Rental Receipts, Rental Receipts as Percent of Value, Rental Vacancy Losses as Percent of Potential Receipts, and Real Estate Tax as Percent of Rental Receipts acquired before 2000 exclude properties with less than half of units in rental market during all of year preceding survey and cooperatively owned apartments^^

Mortgaged properties
Total properties Nonmortgaged properties Total mortgaged properties Properties with traditional
first mortgage@3
Properties with home
equity line of credit only

Homeowner condominium properties
3883 1446 2437 2380 57

PROPERTY CHARACTERISTICS


Property Location by Geographic Area

Inside MAs
3715 1343 2372 2317 55
In central cities 1114 372 742 729 13
Not in central cities 2601 970 1631 1588 42
Outside MAs 168 103 65 63 2

Manner of Acquisition

By purchase
3477 1272 2205 2151 54
Placed one new mortgage 2397 338 2059 2036 23
Placed two or more new mortgages 44 0 44 44 0
Assumed mortgage(s) already on property 61 15 46 41 5
Assumed mortgage(s) already on property
and placed new mortgage
10 2 9 9 0
Borrowed using assets other than this
property as collateral
35 22 13 9 4
Paid all cash-no borrowing 929 894 34 13 22
Other manner 0 0 0 0 0
By inheritance or gift 47 43 5 5 0
By divorce 9 7 2 2 0
By some other manner 78 29 49 49 0
Not reported 272 96 176 173 3

Source of Downpayment@1

Properties purchased
1995 to 2001 (part)
2084 609 1474 1446 28
Sale of previous home 707 322 385 364 21
Sale of other real property or other
investments
173 70 102 99 4
Savings 1008 162 847 838 8
Borrowing from a retirement plan 75 14 62 62 0
Borrowing using assets other than this
property as collateral
34 10 24 24 0
Proceeds from an insurance policy 14 0 14 12 2
Payments in a lease-purchase agreement 7 6 2 2 0
From a state or local government source 9 0 9 9 0
From a non-profit organization 7 0 7 7 0
From parents or relatives 187 26 161 160 1
Other 27 7 20 20 0
No downpayment required 103 48 55 55 0
Not reported 95 36 59 59 0
Other properties 1627 794 833 806 28
Not reported 172 43 129 128 1

Year Property Acquired

1999 to 2001 (part)
1201 296 904 896 8
1997 and 1998 665 220 444 434 10
1995 and 1996 455 171 284 272 11
1990 to 1994 634 255 378 370 9
1985 to 1989 449 205 243 234 9
1980 to 1984 225 127 98 91 7
1975 to 1979 161 99 62 58 3
1970 to 1974 69 49 20 20 0
1969 or earlier 26 22 4 4 0

Building and Land Acquisition

Acquired at same time
2776 1031 1745 1697 47
Not acquired at same time 75 19 55 55 0
Land not owned by building owner 941 355 586 576 10
Not reported 92 41 51 51 0

Property New or Previously Occupied When
Acquired

Acquired by purchase
3477 1272 2205 2151 54
New 864 379 484 479 5
Previously occupied by someone else 2559 864 1696 1648 47
Converted from non-residential use 10 3 7 5 1
Other 6 6 0 0 0
Not reported 39 20 18 18 0
Other properties 134 78 56 56 0
Not reported 272 96 176 173 3

Year Structure Built

1999 to March 2000
180 70 110 109 1
1997 and 1998 233 57 176 176 0
1995 and 1996 223 78 145 145 0
1990 to 1994 434 153 282 272 10
1980 to 1989 1268 455 814 784 30
1970 to 1979 1014 386 628 623 6
1960 to 1969 303 161 143 136 7
1950 to 1959 69 32 38 38 0
1940 to 1949 49 22 27 25 2
1939 or earlier 109 33 76 74 1

Purchase Price

Properties acquired by
purchase 1997 to 2001 (part)
1695 463 1231 1215 17
Less than $20,000 27 20 7 7 0
$20,000 to $39,999 68 38 31 31 0
$40,000 to $59,999 150 30 120 113 7
$60,000 to $79,999 255 72 183 181 2
$80,000 to $99,999 215 66 149 147 2
$100,000 to $124,999 250 71 179 177 2
$125,000 to $149,999 187 51 135 135 0
$150,000 to $174,999 128 33 95 95 0
$175,000 to $199,999 97 16 81 79 2
$200,000 to $249,999 101 20 81 81 0
$250,000 to $299,999 67 12 55 55 0
$300,000 to $499,999 105 27 79 79 0
$500,000 or more 42 7 36 34 1
Median 113058 101882 117460 118130 71239
Mean 148797 133933 154388 153117 246134
Other properties 2188 983 1206 1165 40

Value

Less than $20,000
33 27 6 6 0
$20,000 to $39,999 121 80 41 41 0
$40,000 to $59,999 224 105 119 118 1
$60,000 to $79,999 524 240 284 273 11
$80,000 to $99,999 545 191 355 343 12
$100,000 to $124,999 513 155 358 349 9
$125,000 to $149,999 413 152 261 259 2
$150,000 to $174,999 333 108 225 215 10
$175,000 to $199,999 224 61 162 161 1
$200,000 to $249,999 333 135 199 197 2
$250,000 to $299,999 208 75 132 127 5
$300,000 to $499,999 291 81 210 210 0
$500,000 or more 120 35 85 81 4
Median 124056 112917 130317 130823 111139
Mean 164964 154442 171207 168966 264554

Purchase Price as Percent of Value@8

Acquired by purchase
3477 1272 2205 2151 54
Purchased 1997 to 2001 (part) 1663 453 1210 1193 17
Less than 60 percent 100 41 58 55 3
60 to 69 percent 154 50 105 104 1
70 to 79 percent 201 48 153 150 2
80 to 99 percent 897 226 672 662 10
100 percent or more 310 88 222 222 0
Median 88 87 88 88 83
Purchased 1990 to 1996 (part) 984 377 607 587 20
Less than 40 percent 16 6 10 10 0
40 to 59 percent 144 45 99 99 0
60 to 79 percent 370 150 220 209 11
80 to 99 percent 305 124 181 174 6
100 percent or more 149 51 98 96 2
Median 77 78 77 77 77
Purchased 1989 or earlier 831 442 388 371 17
Less than 20 percent 28 6 22 22 0
20 to 39 percent 82 53 29 27 2
40 to 59 percent 189 102 87 81 6
60 to 79 percent 301 164 137 130 7
80 to 99 percent 129 75 54 52 1
100 percent or more 101 42 59 59 0
Median 67 67 68 68 60
Not acquired by purchase 406 174 232 229 3

Value-Income Ratio

Less than 1.0
342 189 153 146 8
1.0 to 1.4 453 149 304 295 9
1.5 to 1.9 444 99 346 342 4
2.0 to 2.4 428 85 342 340 2
2.5 to 2.9 399 114 285 285 0
3.0 to 3.4 313 109 204 203 1
3.5 to 3.9 238 91 147 140 7
4.0 or more 866 421 445 425 21
Not reported or not computed 400 189 211 206 5
Median 2.6 3.0 2.5 2.4 3.6

Value of Capital Improvements

Properties with capital
improvements between 1998
and 2000
1248 420 828 801 27
Less than $500 69 34 35 35 0
$500 to $999 62 18 44 44 0
$1,000 to $2,499 334 113 221 216 6
$2,500 to $4,999 263 79 184 178 6
$5,000 to $7,499 206 61 145 136 9
$7,500 to $9,999 31 9 21 19 3
$10,000 to $14,999 99 37 62 58 4
$15,000 to $19,999 53 17 36 36 0
$20,000 to $29,999 32 16 16 16 0
$30,000 or more 98 36 63 63 0
Median 4007 3922 4044 3987 5448
Mean 10156 10203 10132 10314 4797
Properties with no capital
improvements between 1998 and 2000
1971 752 1220 1199 21
Capital improvements not
reported
664 274 390 381 9

Age Restrictions

Condominium building restricted to
people age 55 or older
427 323 104 99 5
Condominium building not restricted to
people age 55 or older
3191 994 2197 2149 49
Not reported 265 130 136 132 4

Type of Property Benefits@1

Government-sponsored below-market
interest rate mortgage loan
38 0 38 38 0
Other government grant or subsidy 18 3 14 14 0
Property tax relief 162 92 70 67 3
Subsidy from a non-profit corporation 12 10 2 2 0
None of the above benefits 2610 952 1658 1625 34
Not reported 1051 395 656 636 20

Source of Property Benefits@1

With property benefits
222 99 122 120 3
Federal government 33 1 32 32 0
State government 100 53 47 46 2
Local government 79 38 41 40 1
Non-profit corporation 12 10 2 2 0
Not reported 7 5 1 1 0
With no property benefits 2610 952 1658 1625 34
Not reported 1051 395 656 636 20

Reason for Benefits@1

With property benefits
222 99 122 120 3
Occupied by low- or moderate-income
individuals
50 16 33 33 0
Occupied by elderly or disabled
individuals
42 32 10 10 0
A historic structure 4 0 4 3 1
Located in a community development or
economic development area
16 5 11 11 0
Covered by a Homestead Exemption 80 47 33 31 2
Covered by a Community Land Trust 0 0 0 0 0
Covered by disaster relief 0 0 0 0 0
Other reason 42 12 30 30 0
Not reported 20 5 14 14 0
With no property benefits 2610 952 1658 1625 34
Not reported 1051 395 656 636 20

OWNER CHARACTERISTICS


Owner Status

1 owner
2275 807 1468 1436 32
2 owners 1396 531 865 842 23
3 or more owners 212 107 105 102 2

Age of Owner

Under 25
49 2 48 48 0
25 to 34 398 21 378 373 5
35 to 44 479 46 433 428 5
45 to 54 680 110 570 566 4
55 to 64 644 201 443 425 18
65 to 74 674 410 264 250 14
75 and over 573 449 124 117 7
Not reported 385 207 178 174 4
Median 57 70 49 49 61

Race of Owner

White alone
3493 1354 2139 2087 52
Black or African American alone 144 43 101 100 1
American Indian or Alaska Native alone 7 0 7 7 0
Asian alone 207 38 169 166 4
Native Hawaiian or Other Pacific
Islander alone
5 0 5 5 0
Two or more races 27 11 15 15 0

Sex of Owner

Male/Male and female co-owners
2340 845 1495 1460 35
Female 1543 601 942 920 22

Hispanic/Latino Origin

Hispanic/Latino owner(s) only
295 77 219 217 2
No Hispanic/Latino owner(s) 3588 1369 2218 2163 55

Veteran Status@1

Veteran
818 377 442 422 19
Active member of Reserves or National
Guard for at least 6 years
85 27 58 55 3
Persian Gulf War or after
(August 1990 to present)
38 4 35 35 0
Vietnam or after
(August 1964 to July 1990)
185 20 164 162 2
Korean conflict or after
(July 1950 to July 1964)
304 133 171 161 10
World War II or after
(September 1940 to June 1950)
325 243 82 78 4
Nonveteran 2665 862 1804 1770 34
Not reported 399 207 192 188 4

Income

Less than $5,000
456 223 233 226 7
$5,000 to $9,999 59 46 13 13 0
$10,000 to $14,999 141 88 53 51 2
$15,000 to $19,999 142 88 54 54 0
$20,000 to $24,999 214 111 102 93 9
$25,000 to $29,999 209 85 124 118 6
$30,000 to $34,999 237 96 142 142 0
$35,000 to $39,999 238 71 167 167 0
$40,000 to $49,999 375 107 268 260 9
$50,000 to $59,999 337 107 230 225 5
$60,000 to $79,999 574 151 423 418 6
$80,000 to $99,999 308 74 234 231 3
$100,000 to $119,999 155 53 102 102 0
$120,000 or more 437 146 292 281 10
Median 46537 34280 52680 52938 44759
Mean 65784 58151 70314 69446 106471

Owned Home Previously

Previously owned home
2445 1124 1321 1281 41
Never owned home before 1137 165 972 963 9
Not reported 301 157 144 136 7

RECURRING EXPENSES


Real Estate Tax

Acquired before 2000
3139 1270 1869 1817 52
Less than $100 579 239 340 330 11
$100 to $199 36 24 13 13 0
$200 to $299 47 21 26 26 0
$300 to $399 54 33 21 21 0
$400 to $499 76 35 40 38 2
$500 to $599 99 40 59 59 0
$600 to $699 98 50 48 48 0
$700 to $799 108 42 66 66 0
$800 to $899 152 65 87 82 5
$900 to $999 70 31 39 39 0
$1,000 to $1,249 286 107 178 174 5
$1,250 to $1,499 217 57 160 153 7
$1,500 to $1,999 375 177 198 198 0
$2,000 to $2,499 316 102 214 203 11
$2,500 or more 561 194 368 355 13
Not reported 65 53 12 12 0
Median 1190 1066 1267 1261 1391
Mean 1678 1524 1780 1772 2052
Acquired 2000 and 2001 (part) 744 176 568 563 5

Real Estate Tax Per $1,000 Value

Acquired before 2000
3139 1270 1869 1817 52
Less than $5 723 304 419 407 12
$5 to $9 797 290 507 502 5
$10 to $14 769 278 490 474 16
$15 to $19 441 196 245 230 15
$20 to $24 172 73 100 100 0
$25 to $29 73 24 48 47 1
$30 to $39 52 35 16 13 3
$40 to $49 12 7 5 5 0
$50 to $59 14 5 9 9 0
$60 or more 22 4 18 18 0
Not reported or not computed 65 53 12 12 0
Median 10 10 10 9 12
Acquired 2000 and 2001 (part) 744 176 568 563 5

Rental and vacant condominium
properties
1619 765 854 841 13

PROPERTY CHARACTERISTICS


Property Location by Geographic Area

Inside MAs
1372 631 741 736 5
In central cities 591 278 313 313 0
Not in central cities 780 353 428 422 5
Outside MAs 248 134 113 105 8

Manner of Acquisition

By purchase
1192 523 669 663 6
Placed one new mortgage 827 213 614 610 5
Placed two or more new mortgages 16 3 13 13 0
Assumed mortgage(s) already on property 47 27 20 20 0
Assumed mortgage(s) already on property
and placed new mortgage
3 3 0 0 0
Borrowed using assets other than this
property as collateral
39 33 6 6 0
Paid all cash-no borrowing 239 231 9 9 0
Other manner 21 13 8 7 2
By inheritance or gift 104 89 15 15 0
By divorce 2 2 0 0 0
By tax free exchange of
other property
14 8 6 6 0
By foreclosure or assignment 29 10 19 19 0
By some other manner 124 63 61 60 1
Not reported 154 69 84 78 6

Source of Downpayment@1

Properties purchased
1995 to 2001 (part)
502 169 333 333 0
Sale of stock or other partnership
shares for this project
11 9 2 2 0
Sale of previously owned stocks,
shares, or other securities
24 6 17 17 0
Sale of land or other real estate 41 15 26 26 0
Owner's cash, bank deposits,
share accounts, or bonds
309 85 223 223 0
Borrowing from a retirement plan 4 3 1 1 0
Borrowing using assets other than this
property as collateral
21 12 8 8 0
Proceeds from an insurance policy 1 0 1 1 0
From a state or local government source 0 0 0 0 0
From a non-profit organization 0 0 0 0 0
Proceeds from sale of tax credits 0 0 0 0 0
From parents or relatives 45 18 27 27 0
Other cash source 7 7 0 0 0
Non-cash source 4 0 4 4 0
No downpayment required 25 7 18 18 0
Not reported 70 34 36 36 0
Other properties 1034 564 470 457 13
Not reported 83 32 51 51 0

Year Property Acquired

1999 to 2001 (part)
348 150 198 196 1
1997 and 1998 188 66 121 121 0
1995 and 1996 190 84 105 105 0
1990 to 1994 308 129 179 170 9
1985 to 1989 266 132 135 135 0
1980 to 1984 151 82 69 69 0
1975 to 1979 80 48 32 29 3
1970 to 1974 40 31 8 8 0
1969 or earlier 49 42 7 7 0

Building and Land Acquisition

Acquired at same time
1055 483 573 565 7
Not acquired at same time 83 30 53 53 0
Land not owned by building owner 390 204 186 185 1
Not reported 91 49 42 38 4

Property New or Previously Owned When
Acquired

Acquired by purchase
1192 523 669 663 6
New 295 117 178 178 0
Previously owned 864 379 485 479 6
As residential property 842 372 469 463 6
Converted from nonresidential use 22 7 16 16 0
Other 6 6 0 0 0
Not reported 27 21 7 7 0
Other properties 273 173 100 99 1
Not reported 154 69 84 78 6

Year Structure Built

1999 to March 2000
67 30 37 37 0
1997 and 1998 38 6 32 32 0
1995 and 1996 65 17 48 48 0
1990 to 1994 101 28 73 73 0
1980 to 1989 473 216 257 255 2
1970 to 1979 432 216 216 209 7
1960 to 1969 159 77 82 81 1
1950 to 1959 84 55 29 29 0
1940 to 1949 77 58 19 19 0
1939 or earlier 122 62 61 57 3

Purchase Price

Properties acquired by
purchase 1997 to 2001 (part)
406 141 266 266 0
Less than $20,000 18 8 10 10 0
$20,000 to $39,999 52 23 28 28 0
$40,000 to $59,999 90 48 42 42 0
$60,000 to $79,999 60 15 45 45 0
$80,000 to $99,999 36 8 28 28 0
$100,000 to $124,999 42 8 34 34 0
$125,000 to $149,999 26 3 23 23 0
$150,000 to $174,999 16 9 7 7 0
$175,000 to $199,999 11 5 6 6 0
$200,000 to $249,999 16 7 9 9 0
$250,000 to $299,999 11 2 9 9 0
$300,000 to $499,999 20 3 17 17 0
$500,000 or more 9 3 6 6 0
Median 74467 56269 85381 85381 20000-
Mean 113872 91644 125642 125642 0
Other properties 1213 625 588 575 13

Value

Less than $20,000
36 32 4 4 0
$20,000 to $39,999 122 80 42 39 3
$40,000 to $59,999 272 152 120 113 7
$60,000 to $79,999 217 107 110 110 0
$80,000 to $99,999 218 73 145 145 0
$100,000 to $124,999 218 82 136 133 3
$125,000 to $149,999 92 43 48 48 0
$150,000 to $174,999 104 36 68 68 0
$175,000 to $199,999 51 19 33 33 0
$200,000 to $249,999 91 49 42 42 0
$250,000 to $299,999 74 27 47 47 0
$300,000 to $499,999 88 42 46 46 0
$500,000 or more 37 24 13 13 0
Median 94864 83358 100859 101614 49170
Mean 127466 123462 131053 132282 52715

Purchase Price as Percent of Value@8

Acquired by purchase
1192 523 669 663 6
Purchased 1997 to 2001 (part) 383 127 256 256 0
Less than 60 percent 68 15 54 54 0
60 to 69 percent 30 9 21 21 0
70 to 79 percent 28 4 24 24 0
80 to 99 percent 117 11 106 106 0
100 percent or more 140 89 51 51 0
Median 91 100+ 85 85 60-
Purchased 1990 to 1996 (part) 344 135 209 204 5
Less than 40 percent 2 0 2 2 0
40 to 59 percent 63 31 32 29 3
60 to 79 percent 102 29 73 73 0
80 to 99 percent 93 40 53 53 0
100 percent or more 84 35 49 47 2
Median 81 83 79 79 54
Purchased 1989 or earlier 466 261 205 204 1
Less than 20 percent 17 17 0 0 0
20 to 39 percent 62 48 15 15 0
40 to 59 percent 81 29 51 51 0
60 to 79 percent 109 74 35 34 1
80 to 99 percent 76 45 31 31 0
100 percent or more 120 48 72 72 0
Median 73 69 80 81 70
Not acquired by purchase 427 242 185 178 7

Value of Capital Improvements

Properties with capital
improvements between 1998
and 2000
536 236 300 288 12
Less than $500 26 7 19 19 0
$500 to $999 59 21 38 35 3
$1,000 to $2,499 172 94 77 76 1
$2,500 to $4,999 101 29 72 69 3
$5,000 to $7,499 79 51 28 23 4
$7,500 to $9,999 22 5 17 17 0
$10,000 to $14,999 24 11 13 13 0
$15,000 to $19,999 10 7 3 3 0
$20,000 to $29,999 17 4 13 13 0
$30,000 or more 26 6 21 21 0
Median 2755 2417 3036 3008 3736
Mean 9025 5572 11737 12086 3211
Properties with no capital
improvements between 1998 and 2000
704 341 364 364 0
Capital improvements not
reported
379 189 190 189 1

Monthly Rental Receipts

Acquired before 2000
1386 673 713 701 12
Less than $100 16 4 11 11 0
$100 to $199 25 20 5 2 3
$200 to $299 65 47 18 18 0
$300 to $399 84 56 28 24 4
$400 to $499 109 56 53 53 0
$500 to $599 134 58 76 74 2
$600 to $799 275 115 160 159 1
$800 to $999 173 62 111 111 0
$1000 or more 341 153 188 187 1
No rental receipts 164 102 62 62 0
Median 729 677 767 772 360
Mean 2523 978 3981 4041 456
Acquired 2000 and 2001 (part) 234 92 141 140 1

Rental Receipts as Percent of Value@8

Acquired before 2000
1386 673 713 701 12
Less than 5 percent 62 32 29 29 0
5 to 9 percent 381 142 238 234 5
10 to 14 percent 630 334 296 290 6
15 to 19 percent 51 23 27 26 2
20 to 24 percent 32 19 13 13 0
25 to 29 percent 10 7 3 3 0
30 to 39 percent 14 8 6 6 0
40 percent or more 33 5 28 28 0
Median 11 11 10 10 11
Acquired 2000 and 2001 (part) 234 92 141 140 1

Rental Vacancy Losses as Percent of
Potential Receipts

Acquired before 2000
1386 673 713 701 12
Less than 1.0 percent 459 223 235 234 1
1.0 to 2.9 percent 19 5 14 14 0
3.0 to 4.9 percent 7 3 3 3 0
5.0 to 6.9 percent 4 2 2 2 0
7.0 to 8.9 percent 31 4 27 27 0
9.0 to 10.9 percent 3 1 1 1 0
11.0 to 12.9 percent 5 2 3 3 0
13.0 to 14.9 percent 4 3 1 1 0
15.0 percent or more 149 58 91 91 0
Not reported or not computed 705 370 335 324 11
Median 0.7 0.7 0.8 0.8 0.5
Acquired 2000 and 2001 (part) 234 92 141 140 1

Age Restrictions

Condominium building restricted to
people age 55 or older
332 169 163 160 3
Condominium building not restricted to
people age 55 or older
1180 516 664 653 11
Not reported 108 81 27 27 0

Meal Service Provided for
Age-Restricted Condominiums

Meal serviced provided
152 68 84 81 3
Charge included in rent 85 36 48 47 1
Charge not included in rent 2 2 0 0 0
Not reported 65 29 36 35 1
Meal service not provided 213 124 89 88 1
Not reported 1255 574 681 672 9

Type of Property Benefits@1

Government-sponsored below-market
interest rate mortgage loan
11 2 9 8 1
Government rental subsidy 30 6 24 24 0
Government grant 1 1 0 0 0
Property tax relief 16 10 6 6 0
Federal income tax credit for
low-income, old or historic properties
2 2 0 0 0
Accelerated federal income tax
depreciation for low- and
moderate-income properties
0 0 0 0 0
Subsidy from a non-profit corporation 1 1 0 0 0
None of the above benefits 1191 534 656 646 11
Not reported 372 212 160 159 1

Source of Property Benefits@1

With property benefits
57 19 38 36 1
Federal government 31 6 25 24 1
State government 15 8 7 7 0
Local government 8 5 3 3 0
Non-profit corporation 1 1 0 0 0
Not reported 6 2 4 4 0
With no property benefits 1191 534 656 646 11
Not reported 372 212 160 159 1

Reason for Benefits@1

With property benefits
57 19 38 36 1
Occupied by low- or moderate-income
individuals
25 3 22 22 0
Occupied by elderly or disabled
individuals
15 5 11 9 1
A historic structure 4 2 2 2 0
Located in a community development or
economic development area
1 0 1 0 1
Covered by a Homestead Exemption 8 3 6 4 1
Covered by a Community Land Trust 0 0 0 0 0
Covered by disaster relief 0 0 0 0 0
Other reason 3 2 2 2 0
Not reported 15 6 9 9 0
With no property benefits 1191 534 656 646 11
Not reported 372 212 160 159 1

OWNER CHARACTERISTICS


Type of Owner

Individual investor(s)
1342 620 722 710 12
Limited partnership 91 49 42 42 0
Joint venture 11 2 10 10 0
General partnership 22 13 9 9 0
Life insurance company 1 1 0 0 0
Depository institution 3 3 0 0 0
Public real estate investment trust 15 9 7 7 0
Private real estate investment trust 0 0 0 0 0
Corporation - other than real estate
investment trust
70 36 34 33 2
Housing cooperative organization 3 3 0 0 0
Non-profit or church-related institution 21 14 8 8 0
Pension fund 2 2 0 0 0
Fraternal organization 0 0 0 0 0
Other 37 15 22 22 0

RECURRING EXPENSES


Real Estate Tax

Acquired before 2000
1386 673 713 701 12
Less than $100 61 27 34 34 0
$100 to $199 35 18 17 17 0
$200 to $299 36 22 14 11 3
$300 to $399 48 16 32 31 1
$400 to $499 66 46 20 20 0
$500 to $599 69 32 38 32 6
$600 to $699 90 32 58 58 0
$700 to $799 95 40 55 55 0
$800 to $899 121 60 61 61 0
$900 to $999 38 23 15 14 1
$1,000 to $1,249 141 88 54 54 0
$1,250 to $1,499 68 38 29 29 0
$1,500 to $1,999 139 47 92 92 0
$2,000 to $2,499 128 36 92 92 0
$2,500 or more 196 104 91 91 0
Not reported 54 44 11 11 0
Median 1012 997 1035 1062 523
Mean 4652 3426 5751 5841 500
Acquired 2000 and 2001 (part) 234 92 141 140 1

Real Estate Tax Per $1,000 Value

Acquired before 2000
1386 673 713 701 12
Less than $5 137 63 73 72 1
$5 to $9 463 200 264 262 1
$10 to $14 257 123 134 126 8
$15 to $19 194 105 89 87 2
$20 to $24 115 58 57 57 0
$25 to $29 67 32 35 35 0
$30 to $39 45 22 23 23 0
$40 to $49 14 12 2 2 0
$50 to $59 5 2 3 3 0
$60 or more 36 13 23 23 0
Not reported or not computed 54 44 11 11 0
Median 11 12 10 10 12
Acquired 2000 and 2001 (part) 234 92 141 140 1

Real Estate Tax as Percent of Rental
Receipts

Acquired before 2000
1386 673 713 701 12
Less than 5 percent 112 55 57 56 1
5 to 9 percent 351 150 201 198 3
10 to 14 percent 309 139 170 165 4
15 to 19 percent 142 80 62 59 3
20 to 24 percent 85 32 54 54 0
25 to 29 percent 48 15 33 33 0
30 to 34 percent 40 24 16 16 0
35 to 39 percent 19 10 10 10 0
40 percent or more 52 24 28 28 0
Not reported or not computed 227 145 82 82 0
Median 11 12 11 11 11
Acquired 2000 and 2001 (part) 234 92 141 140 1

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