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Residential Finance Survey: 2001 - Northeast
Table 8-1b. 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
996 374 622 612 10

PROPERTY CHARACTERISTICS


Property Location by Geographic Area

Inside MAs
974 358 615 605 10
In central cities 195 64 131 128 3
Not in central cities 779 294 484 477 7
Outside MAs 22 16 7 7 0

Manner of Acquisition

By purchase
883 330 554 544 10
Placed one new mortgage 600 72 528 518 10
Placed two or more new mortgages 7 0 7 7 0
Assumed mortgage(s) already on property 9 0 9 9 0
Assumed mortgage(s) already on property
and placed new mortgage
7 0 7 7 0
Borrowed using assets other than this
property as collateral
17 13 3 3 0
Paid all cash-no borrowing 244 244 0 0 0
Other manner 0 0 0 0 0
By inheritance or gift 2 2 0 0 0
By divorce 0 0 0 0 0
By some other manner 12 9 3 3 0
Not reported 99 34 65 65 0

Source of Downpayment@1

Properties purchased
1995 to 2001 (part)
533 189 344 339 5
Sale of previous home 203 118 85 85 0
Sale of other real property or other
investments
46 25 21 21 0
Savings 257 52 206 200 5
Borrowing from a retirement plan 17 10 7 7 0
Borrowing using assets other than this
property as collateral
14 0 14 14 0
Proceeds from an insurance policy 0 0 0 0 0
Payments in a lease-purchase agreement 0 0 0 0 0
From a state or local government source 0 0 0 0 0
From a non-profit organization 0 0 0 0 0
From parents or relatives 47 8 39 39 0
Other 5 0 5 5 0
No downpayment required 9 7 2 2 0
Not reported 23 3 20 20 0
Other properties 400 169 230 225 5
Not reported 63 16 47 47 0

Year Property Acquired

1999 to 2001 (part)
288 80 208 208 0
1997 and 1998 176 55 121 115 5
1995 and 1996 142 78 63 63 0
1990 to 1994 119 55 64 64 0
1985 to 1989 156 60 96 93 3
1980 to 1984 51 16 35 35 0
1975 to 1979 54 18 36 34 2
1970 to 1974 6 6 0 0 0
1969 or earlier 5 5 0 0 0

Building and Land Acquisition

Acquired at same time
674 237 437 430 7
Not acquired at same time 18 2 16 16 0
Land not owned by building owner 288 125 163 161 3
Not reported 16 11 5 5 0

Property New or Previously Occupied When
Acquired

Acquired by purchase
883 330 554 544 10
New 259 116 144 144 0
Previously occupied by someone else 617 207 410 400 10
Converted from non-residential use 0 0 0 0 0
Other 6 6 0 0 0
Not reported 2 2 0 0 0
Other properties 14 10 3 3 0
Not reported 99 34 65 65 0

Year Structure Built

1999 to March 2000
28 14 13 13 0
1997 and 1998 63 18 45 45 0
1995 and 1996 51 36 15 15 0
1990 to 1994 128 62 66 66 0
1980 to 1989 369 103 266 258 8
1970 to 1979 222 86 136 136 0
1960 to 1969 62 33 28 26 2
1950 to 1959 28 12 16 16 0
1940 to 1949 19 3 15 15 0
1939 or earlier 28 7 21 21 0

Purchase Price

Properties acquired by
purchase 1997 to 2001 (part)
400 119 281 276 5
Less than $20,000 0 0 0 0 0
$20,000 to $39,999 2 0 2 2 0
$40,000 to $59,999 28 3 25 20 5
$60,000 to $79,999 54 21 33 33 0
$80,000 to $99,999 55 22 33 33 0
$100,000 to $124,999 71 21 50 50 0
$125,000 to $149,999 37 5 32 32 0
$150,000 to $174,999 34 8 26 26 0
$175,000 to $199,999 28 12 16 16 0
$200,000 to $249,999 26 10 17 17 0
$250,000 to $299,999 16 0 16 16 0
$300,000 to $499,999 28 16 12 12 0
$500,000 or more 22 2 20 20 0
Median 121372 116101 123548 124840 50000
Mean 171055 159387 176012 178239 57500
Other properties 596 254 341 336 5

Value

Less than $20,000
2 0 2 2 0
$20,000 to $39,999 26 17 9 9 0
$40,000 to $59,999 32 5 27 27 0
$60,000 to $79,999 116 63 53 48 5
$80,000 to $99,999 141 54 87 87 0
$100,000 to $124,999 126 27 99 97 2
$125,000 to $149,999 98 32 66 66 0
$150,000 to $174,999 106 34 72 72 0
$175,000 to $199,999 80 16 64 64 0
$200,000 to $249,999 69 45 24 24 0
$250,000 to $299,999 64 32 32 32 0
$300,000 to $499,999 85 32 53 53 0
$500,000 or more 52 18 34 31 3
Median 139318 141815 138101 138928 79321
Mean 191590 208434 181468 181176 199281

Purchase Price as Percent of Value@8

Acquired by purchase
883 330 554 544 10
Purchased 1997 to 2001 (part) 398 117 281 276 5
Less than 60 percent 18 2 16 16 0
60 to 69 percent 30 9 20 20 0
70 to 79 percent 33 8 26 26 0
80 to 99 percent 232 72 160 155 5
100 percent or more 85 26 59 59 0
Median 90 90 89 89 90
Purchased 1990 to 1996 (part) 242 120 123 123 0
Less than 40 percent 6 6 0 0 0
40 to 59 percent 24 14 9 9 0
60 to 79 percent 106 61 46 46 0
80 to 99 percent 64 26 38 38 0
100 percent or more 42 13 30 30 0
Median 77 73 83 83 40-
Purchased 1989 or earlier 243 93 150 145 5
Less than 20 percent 7 0 7 7 0
20 to 39 percent 23 10 13 11 2
40 to 59 percent 58 18 40 37 3
60 to 79 percent 58 18 40 40 0
80 to 99 percent 44 23 21 21 0
100 percent or more 52 23 29 29 0
Median 71 79 67 68 42
Not acquired by purchase 113 44 68 68 0

Value-Income Ratio

Less than 1.0
73 37 37 37 0
1.0 to 1.4 133 39 94 92 2
1.5 to 1.9 143 34 110 110 0
2.0 to 2.4 107 22 86 86 0
2.5 to 2.9 93 30 64 64 0
3.0 to 3.4 83 23 60 60 0
3.5 to 3.9 60 21 39 39 0
4.0 or more 207 126 81 78 3
Not reported or not computed 96 43 53 48 5
Median 2.5 3.1 2.3 2.3 150.3

Value of Capital Improvements

Properties with capital
improvements between 1998
and 2000
313 101 211 209 2
Less than $500 20 14 6 6 0
$500 to $999 17 8 10 10 0
$1,000 to $2,499 80 18 62 62 0
$2,500 to $4,999 60 13 47 45 2
$5,000 to $7,499 47 10 37 37 0
$7,500 to $9,999 8 2 6 6 0
$10,000 to $14,999 28 14 14 14 0
$15,000 to $19,999 9 6 3 3 0
$20,000 to $29,999 8 8 0 0 0
$30,000 or more 36 9 27 27 0
Median 4136 4654 4000 4011 3750
Mean 13590 12485 14118 14225 2900
Properties with no capital
improvements between 1998 and 2000
484 205 280 272 8
Capital improvements not
reported
199 68 131 131 0

Age Restrictions

Condominium building restricted to
people age 55 or older
66 66 0 0 0
Condominium building not restricted to
people age 55 or older
841 268 573 563 10
Not reported 89 40 49 49 0

Type of Property Benefits@1

Government-sponsored below-market
interest rate mortgage loan
6 0 6 6 0
Other government grant or subsidy 8 0 8 8 0
Property tax relief 64 28 36 36 0
Subsidy from a non-profit corporation 0 0 0 0 0
None of the above benefits 629 238 391 386 5
Not reported 289 108 181 176 5

Source of Property Benefits@1

With property benefits
78 28 50 50 0
Federal government 12 0 12 12 0
State government 36 13 23 23 0
Local government 35 19 16 16 0
Non-profit corporation 0 0 0 0 0
Not reported 0 0 0 0 0
With no property benefits 629 238 391 386 5
Not reported 289 108 181 176 5

Reason for Benefits@1

With property benefits
78 28 50 50 0
Occupied by low- or moderate-income
individuals
16 3 13 13 0
Occupied by elderly or disabled
individuals
15 15 0 0 0
A historic structure 0 0 0 0 0
Located in a community development or
economic development area
4 0 4 4 0
Covered by a Homestead Exemption 14 4 10 10 0
Covered by a Community Land Trust 0 0 0 0 0
Covered by disaster relief 0 0 0 0 0
Other reason 24 9 15 15 0
Not reported 10 0 10 10 0
With no property benefits 629 238 391 386 5
Not reported 289 108 181 176 5

OWNER CHARACTERISTICS


Owner Status

1 owner
560 201 359 354 5
2 owners 384 144 240 235 5
3 or more owners 52 29 23 23 0

Age of Owner

Under 25
21 2 19 19 0
25 to 34 127 11 116 111 5
35 to 44 102 4 98 98 0
45 to 54 203 33 169 169 0
55 to 64 177 63 114 109 5
65 to 74 168 135 33 33 0
75 and over 101 88 13 13 0
Not reported 96 37 59 59 0
Median 54 69 47 47 34

Race of Owner

White alone
879 332 548 538 10
Black or African American alone 52 22 30 30 0
American Indian or Alaska Native alone 0 0 0 0 0
Asian alone 55 13 42 42 0
Native Hawaiian or Other Pacific
Islander alone
0 0 0 0 0
Two or more races 10 7 3 3 0

Sex of Owner

Male/Male and female co-owners
588 217 372 364 8
Female 408 157 250 248 2

Hispanic/Latino Origin

Hispanic/Latino owner(s) only
43 4 39 39 0
No Hispanic/Latino owner(s) 953 370 583 573 10

Veteran Status@1

Veteran
179 84 95 92 3
Active member of Reserves or National
Guard for at least 6 years
26 9 17 14 3
Persian Gulf War or after
(August 1990 to present)
10 0 10 10 0
Vietnam or after
(August 1964 to July 1990)
39 5 34 34 0
Korean conflict or after
(July 1950 to July 1964)
77 36 41 41 0
World War II or after
(September 1940 to June 1950)
60 50 9 9 0
Nonveteran 696 227 469 461 7
Not reported 121 62 59 59 0

Income

Less than $5,000
111 56 55 50 5
$5,000 to $9,999 9 9 0 0 0
$10,000 to $14,999 11 11 0 0 0
$15,000 to $19,999 37 27 9 9 0
$20,000 to $24,999 40 26 14 14 0
$25,000 to $29,999 57 23 34 34 0
$30,000 to $34,999 47 21 26 26 0
$35,000 to $39,999 67 25 42 42 0
$40,000 to $49,999 81 29 53 53 0
$50,000 to $59,999 73 21 52 52 0
$60,000 to $79,999 198 50 147 147 0
$80,000 to $99,999 102 17 85 83 2
$100,000 to $119,999 40 12 28 28 0
$120,000 or more 124 47 77 74 3
Median 55235 37792 63578 63602 5000-
Mean 73124 63857 78693 79144 51169

Owned Home Previously

Previously owned home
619 292 327 324 3
Never owned home before 303 47 256 251 5
Not reported 74 35 39 37 2

RECURRING EXPENSES


Real Estate Tax

Acquired before 2000
828 319 510 500 10
Less than $100 152 56 96 91 5
$100 to $199 5 5 0 0 0
$200 to $299 6 0 6 6 0
$300 to $399 0 0 0 0 0
$400 to $499 11 0 11 11 0
$500 to $599 20 13 7 7 0
$600 to $699 5 2 3 3 0
$700 to $799 9 6 4 4 0
$800 to $899 39 25 13 13 0
$900 to $999 22 14 9 9 0
$1,000 to $1,249 55 14 41 41 0
$1,250 to $1,499 47 8 39 39 0
$1,500 to $1,999 107 46 61 61 0
$2,000 to $2,499 119 29 90 90 0
$2,500 or more 222 93 130 125 5
Not reported 8 8 0 0 0
Median 1679 1634 1712 1714 100-
Mean 2144 2329 2030 2028 2169
Acquired 2000 and 2001 (part) 168 55 113 113 0

Real Estate Tax Per $1,000 Value

Acquired before 2000
828 319 510 500 10
Less than $5 172 64 108 103 5
$5 to $9 131 51 81 81 0
$10 to $14 189 72 117 114 3
$15 to $19 179 70 109 109 0
$20 to $24 62 17 45 45 0
$25 to $29 37 10 26 26 0
$30 to $39 31 16 15 13 2
$40 to $49 12 7 5 5 0
$50 to $59 5 2 3 3 0
$60 or more 2 2 0 0 0
Not reported or not computed 8 8 0 0 0
Median 12 12 12 12 5-
Acquired 2000 and 2001 (part) 168 55 113 113 0

Rental and vacant condominium
properties
324 145 180 180 0

PROPERTY CHARACTERISTICS


Property Location by Geographic Area

Inside MAs
285 127 158 158 0
In central cities 99 39 60 60 0
Not in central cities 186 88 98 98 0
Outside MAs 39 18 22 22 0

Manner of Acquisition

By purchase
210 89 121 121 0
Placed one new mortgage 147 40 107 107 0
Placed two or more new mortgages 5 0 5 5 0
Assumed mortgage(s) already on property 2 0 2 2 0
Assumed mortgage(s) already on property
and placed new mortgage
0 0 0 0 0
Borrowed using assets other than this
property as collateral
10 4 6 6 0
Paid all cash-no borrowing 39 39 0 0 0
Other manner 7 5 2 2 0
By inheritance or gift 25 22 3 3 0
By divorce 0 0 0 0 0
By tax free exchange of
other property
0 0 0 0 0
By foreclosure or assignment 12 4 8 8 0
By some other manner 41 17 25 25 0
Not reported 36 13 23 23 0

Source of Downpayment@1

Properties purchased
1995 to 2001 (part)
60 22 38 38 0
Sale of stock or other partnership
shares for this project
5 5 0 0 0
Sale of previously owned stocks,
shares, or other securities
10 0 10 10 0
Sale of land or other real estate 4 0 4 4 0
Owner's cash, bank deposits,
share accounts, or bonds
32 11 21 21 0
Borrowing from a retirement plan 0 0 0 0 0
Borrowing using assets other than this
property as collateral
2 2 0 0 0
Proceeds from an insurance policy 0 0 0 0 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 1 1 0 0 0
Other cash source 0 0 0 0 0
Non-cash source 0 0 0 0 0
No downpayment required 0 0 0 0 0
Not reported 12 4 8 8 0
Other properties 239 110 129 129 0
Not reported 25 12 13 13 0

Year Property Acquired

1999 to 2001 (part)
46 28 18 18 0
1997 and 1998 17 10 7 7 0
1995 and 1996 49 11 38 38 0
1990 to 1994 92 37 56 56 0
1985 to 1989 70 24 47 47 0
1980 to 1984 30 18 12 12 0
1975 to 1979 0 0 0 0 0
1970 to 1974 5 4 1 1 0
1969 or earlier 15 13 1 1 0

Building and Land Acquisition

Acquired at same time
193 83 110 110 0
Not acquired at same time 12 8 4 4 0
Land not owned by building owner 105 47 58 58 0
Not reported 14 7 7 7 0

Property New or Previously Owned When
Acquired

Acquired by purchase
210 89 121 121 0
New 66 25 41 41 0
Previously owned 140 60 80 80 0
As residential property 129 57 72 72 0
Converted from nonresidential use 11 3 8 8 0
Other 2 2 0 0 0
Not reported 2 2 0 0 0
Other properties 78 43 36 36 0
Not reported 36 13 23 23 0

Year Structure Built

1999 to March 2000
19 5 14 14 0
1997 and 1998 1 0 1 1 0
1995 and 1996 11 2 9 9 0
1990 to 1994 34 12 22 22 0
1980 to 1989 85 31 54 54 0
1970 to 1979 27 16 12 12 0
1960 to 1969 24 11 12 12 0
1950 to 1959 9 2 7 7 0
1940 to 1949 36 30 6 6 0
1939 or earlier 79 36 43 43 0

Purchase Price

Properties acquired by
purchase 1997 to 2001 (part)
44 21 23 23 0
Less than $20,000 2 2 0 0 0
$20,000 to $39,999 5 2 3 3 0
$40,000 to $59,999 8 5 3 3 0
$60,000 to $79,999 4 4 0 0 0
$80,000 to $99,999 6 0 6 6 0
$100,000 to $124,999 0 0 0 0 0
$125,000 to $149,999 3 2 1 1 0
$150,000 to $174,999 4 4 0 0 0
$175,000 to $199,999 0 0 0 0 0
$200,000 to $249,999 2 2 0 0 0
$250,000 to $299,999 2 0 2 2 0
$300,000 to $499,999 7 0 7 7 0
$500,000 or more 0 0 0 0 0
Median 86943 63750 98407 98407 20000-
Mean 141623 85505 193131 193131 0
Other properties 281 124 157 157 0

Value

Less than $20,000
8 6 2 2 0
$20,000 to $39,999 35 19 16 16 0
$40,000 to $59,999 30 22 8 8 0
$60,000 to $79,999 54 32 21 21 0
$80,000 to $99,999 46 12 35 35 0
$100,000 to $124,999 41 15 26 26 0
$125,000 to $149,999 15 5 10 10 0
$150,000 to $174,999 21 7 14 14 0
$175,000 to $199,999 5 1 4 4 0
$200,000 to $249,999 33 18 15 15 0
$250,000 to $299,999 11 1 9 9 0
$300,000 to $499,999 23 5 18 18 0
$500,000 or more 2 0 2 2 0
Median 95112 75548 107228 107228 20000-
Mean 126482 104658 144054 144054 0

Purchase Price as Percent of Value@8

Acquired by purchase
210 89 121 121 0
Purchased 1997 to 2001 (part) 42 21 21 21 0
Less than 60 percent 10 1 9 9 0
60 to 69 percent 4 2 3 3 0
70 to 79 percent 2 0 2 2 0
80 to 99 percent 2 0 2 2 0
100 percent or more 23 18 5 5 0
Median 100+ 100+ 65 65 60-
Purchased 1990 to 1996 (part) 74 22 51 51 0
Less than 40 percent 0 0 0 0 0
40 to 59 percent 14 6 8 8 0
60 to 79 percent 25 2 23 23 0
80 to 99 percent 15 8 7 7 0
100 percent or more 21 8 13 13 0
Median 78 90 75 75 40-
Purchased 1989 or earlier 95 45 49 49 0
Less than 20 percent 13 13 0 0 0
20 to 39 percent 8 8 0 0 0
40 to 59 percent 5 0 5 5 0
60 to 79 percent 9 9 0 0 0
80 to 99 percent 22 7 15 15 0
100 percent or more 38 9 30 30 0
Median 91 63 100+ 100+ 20-
Not acquired by purchase 114 56 58 58 0

Value of Capital Improvements

Properties with capital
improvements between 1998
and 2000
122 62 61 61 0
Less than $500 1 0 1 1 0
$500 to $999 12 6 6 6 0
$1,000 to $2,499 34 25 9 9 0
$2,500 to $4,999 17 0 17 17 0
$5,000 to $7,499 29 29 0 0 0
$7,500 to $9,999 7 2 6 6 0
$10,000 to $14,999 0 0 0 0 0
$15,000 to $19,999 0 0 0 0 0
$20,000 to $29,999 9 0 9 9 0
$30,000 or more 13 0 13 13 0
Median 4588 2490 4611 4611 500-
Mean 10171 3354 17146 17146 0
Properties with no capital
improvements between 1998 and 2000
154 57 97 97 0
Capital improvements not
reported
48 25 23 23 0

Monthly Rental Receipts

Acquired before 2000
300 136 164 164 0
Less than $100 0 0 0 0 0
$100 to $199 7 7 0 0 0
$200 to $299 20 14 6 6 0
$300 to $399 5 5 0 0 0
$400 to $499 17 9 9 9 0
$500 to $599 14 9 4 4 0
$600 to $799 71 23 48 48 0
$800 to $999 50 13 36 36 0
$1000 or more 85 33 52 52 0
No rental receipts 31 22 9 9 0
Median 801 707 861 861 100-
Mean 4627 669 7899 7899 0
Acquired 2000 and 2001 (part) 25 9 16 16 0

Rental Receipts as Percent of Value@8

Acquired before 2000
300 136 164 164 0
Less than 5 percent 7 5 2 2 0
5 to 9 percent 92 28 64 64 0
10 to 14 percent 134 66 68 68 0
15 to 19 percent 12 6 6 6 0
20 to 24 percent 12 8 4 4 0
25 to 29 percent 1 0 1 1 0
30 to 39 percent 4 0 4 4 0
40 percent or more 6 0 6 6 0
Median 11 11 10 10 5-
Acquired 2000 and 2001 (part) 25 9 16 16 0

Rental Vacancy Losses as Percent of
Potential Receipts

Acquired before 2000
300 136 164 164 0
Less than 1.0 percent 110 41 69 69 0
1.0 to 2.9 percent 5 0 5 5 0
3.0 to 4.9 percent 0 0 0 0 0
5.0 to 6.9 percent 0 0 0 0 0
7.0 to 8.9 percent 3 2 1 1 0
9.0 to 10.9 percent 0 0 0 0 0
11.0 to 12.9 percent 2 0 2 2 0
13.0 to 14.9 percent 0 0 0 0 0
15.0 percent or more 35 15 20 20 0
Not reported or not computed 145 78 67 67 0
Median 0.7 0.7 0.7 0.7 0.0
Acquired 2000 and 2001 (part) 25 9 16 16 0

Age Restrictions

Condominium building restricted to
people age 55 or older
60 28 32 32 0
Condominium building not restricted to
people age 55 or older
246 104 142 142 0
Not reported 19 13 6 6 0

Meal Service Provided for
Age-Restricted Condominiums

Meal serviced provided
24 8 16 16 0
Charge included in rent 9 3 6 6 0
Charge not included in rent 0 0 0 0 0
Not reported 16 5 10 10 0
Meal service not provided 23 20 3 3 0
Not reported 277 116 161 161 0

Type of Property Benefits@1

Government-sponsored below-market
interest rate mortgage loan
1 0 1 1 0
Government rental subsidy 9 0 9 9 0
Government grant 1 1 0 0 0
Property tax relief 9 3 6 6 0
Federal income tax credit for
low-income, old or historic properties
0 0 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 246 107 139 139 0
Not reported 58 33 26 26 0

Source of Property Benefits@1

With property benefits
20 5 15 15 0
Federal government 8 0 8 8 0
State government 9 3 6 6 0
Local government 5 2 3 3 0
Non-profit corporation 1 1 0 0 0
Not reported 0 0 0 0 0
With no property benefits 246 107 139 139 0
Not reported 58 33 26 26 0

Reason for Benefits@1

With property benefits
20 5 15 15 0
Occupied by low- or moderate-income
individuals
13 1 11 11 0
Occupied by elderly or disabled
individuals
9 3 6 6 0
A historic structure 2 0 2 2 0
Located in a community development or
economic development area
0 0 0 0 0
Covered by a Homestead Exemption 4 0 4 4 0
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 0 0 0 0 0
With no property benefits 246 107 139 139 0
Not reported 58 33 26 26 0

OWNER CHARACTERISTICS


Type of Owner

Individual investor(s)
284 124 160 160 0
Limited partnership 16 6 10 10 0
Joint venture 2 0 2 2 0
General partnership 6 5 2 2 0
Life insurance company 1 1 0 0 0
Depository institution 0 0 0 0 0
Public real estate investment trust 4 4 0 0 0
Private real estate investment trust 0 0 0 0 0
Corporation - other than real estate
investment trust
5 1 4 4 0
Housing cooperative organization 0 0 0 0 0
Non-profit or church-related institution 1 1 0 0 0
Pension fund 0 0 0 0 0
Fraternal organization 0 0 0 0 0
Other 5 3 2 2 0

RECURRING EXPENSES


Real Estate Tax

Acquired before 2000
300 136 164 164 0
Less than $100 5 0 5 5 0
$100 to $199 4 1 2 2 0
$200 to $299 6 3 4 4 0
$300 to $399 2 2 0 0 0
$400 to $499 6 2 4 4 0
$500 to $599 5 0 5 5 0
$600 to $699 17 3 14 14 0
$700 to $799 16 7 8 8 0
$800 to $899 28 20 8 8 0
$900 to $999 2 2 0 0 0
$1,000 to $1,249 30 14 17 17 0
$1,250 to $1,499 12 12 0 0 0
$1,500 to $1,999 42 14 28 28 0
$2,000 to $2,499 53 15 38 38 0
$2,500 or more 62 30 32 32 0
Not reported 10 10 0 0 0
Median 1647 1427 1780 1780 100-
Mean 9994 1862 16210 16210 0
Acquired 2000 and 2001 (part) 25 9 16 16 0

Real Estate Tax Per $1,000 Value

Acquired before 2000
300 136 164 164 0
Less than $5 5 0 5 5 0
$5 to $9 80 24 56 56 0
$10 to $14 33 19 14 14 0
$15 to $19 52 27 25 25 0
$20 to $24 47 16 30 30 0
$25 to $29 34 22 13 13 0
$30 to $39 14 5 9 9 0
$40 to $49 14 12 2 2 0
$50 to $59 1 0 1 1 0
$60 or more 10 0 10 10 0
Not reported or not computed 10 10 0 0 0
Median 17 18 16 16 5-
Acquired 2000 and 2001 (part) 25 9 16 16 0

Real Estate Tax as Percent of Rental
Receipts

Acquired before 2000
300 136 164 164 0
Less than 5 percent 11 0 11 11 0
5 to 9 percent 61 18 43 43 0
10 to 14 percent 46 20 26 26 0
15 to 19 percent 47 25 22 22 0
20 to 24 percent 34 9 25 25 0
25 to 29 percent 20 3 17 17 0
30 to 34 percent 16 16 0 0 0
35 to 39 percent 11 6 5 5 0
40 percent or more 13 7 7 7 0
Not reported or not computed 41 32 9 9 0
Median 16 17 14 14 5-
Acquired 2000 and 2001 (part) 25 9 16 16 0

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