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Residential Finance Survey: 2001 - Midwest
Table 8-1c. 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
744 289 455 427 28

PROPERTY CHARACTERISTICS


Property Location by Geographic Area

Inside MAs
691 252 438 412 26
In central cities 214 71 142 134 8
Not in central cities 477 181 296 278 18
Outside MAs 54 37 17 15 2

Manner of Acquisition

By purchase
672 247 425 398 27
Placed one new mortgage 455 61 394 387 7
Placed two or more new mortgages 2 0 2 2 0
Assumed mortgage(s) already on property 9 0 9 5 4
Assumed mortgage(s) already on property
and placed new mortgage
0 0 0 0 0
Borrowed using assets other than this
property as collateral
9 3 6 4 2
Paid all cash-no borrowing 197 183 14 0 14
Other manner 0 0 0 0 0
By inheritance or gift 10 10 0 0 0
By divorce 5 5 0 0 0
By some other manner 16 7 9 9 0
Not reported 42 21 21 20 1

Source of Downpayment@1

Properties purchased
1995 to 2001 (part)
429 137 292 274 17
Sale of previous home 201 86 115 98 17
Sale of other real property or other
investments
24 14 9 8 2
Savings 181 29 152 151 1
Borrowing from a retirement plan 25 3 22 22 0
Borrowing using assets other than this
property as collateral
3 3 0 0 0
Proceeds from an insurance policy 7 0 7 6 2
Payments in a lease-purchase agreement 2 0 2 2 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 41 3 38 38 0
Other 0 0 0 0 0
No downpayment required 16 10 6 6 0
Not reported 15 12 3 3 0
Other properties 287 144 143 134 9
Not reported 28 9 20 18 1

Year Property Acquired

1999 to 2001 (part)
246 70 177 173 4
1997 and 1998 139 62 77 74 3
1995 and 1996 91 27 64 52 11
1990 to 1994 118 48 70 66 4
1985 to 1989 77 34 43 39 4
1980 to 1984 35 27 8 8 0
1975 to 1979 19 10 9 8 1
1970 to 1974 12 4 7 7 0
1969 or earlier 8 8 0 0 0

Building and Land Acquisition

Acquired at same time
521 200 322 295 27
Not acquired at same time 14 1 13 13 0
Land not owned by building owner 189 78 111 109 1
Not reported 19 10 9 9 0

Property New or Previously Occupied When
Acquired

Acquired by purchase
672 247 425 398 27
New 170 73 97 95 1
Previously occupied by someone else 486 170 316 292 24
Converted from non-residential use 4 0 4 3 1
Other 0 0 0 0 0
Not reported 11 4 8 8 0
Other properties 31 22 9 9 0
Not reported 42 21 21 20 1

Year Structure Built

1999 to March 2000
59 30 29 28 1
1997 and 1998 40 11 28 28 0
1995 and 1996 58 21 37 37 0
1990 to 1994 72 21 51 47 4
1980 to 1989 234 97 137 119 18
1970 to 1979 145 47 98 95 3
1960 to 1969 71 39 32 32 0
1950 to 1959 12 6 6 6 0
1940 to 1949 14 9 4 4 0
1939 or earlier 40 8 32 31 1

Purchase Price

Properties acquired by
purchase 1997 to 2001 (part)
355 118 236 230 6
Less than $20,000 7 1 6 6 0
$20,000 to $39,999 10 8 3 3 0
$40,000 to $59,999 24 0 24 24 0
$60,000 to $79,999 62 19 43 41 2
$80,000 to $99,999 56 22 34 34 0
$100,000 to $124,999 44 13 31 30 1
$125,000 to $149,999 47 25 21 21 0
$150,000 to $174,999 34 14 21 21 0
$175,000 to $199,999 33 4 29 28 2
$200,000 to $249,999 16 5 11 11 0
$250,000 to $299,999 5 0 5 5 0
$300,000 to $499,999 14 7 6 6 0
$500,000 or more 3 0 3 2 1
Median 110398 117559 107409 106771 123786
Mean 134021 129542 136265 125076 562556
Other properties 389 171 218 196 22

Value

Less than $20,000
11 8 2 2 0
$20,000 to $39,999 9 7 2 2 0
$40,000 to $59,999 50 17 33 32 1
$60,000 to $79,999 90 39 52 52 0
$80,000 to $99,999 103 37 66 58 8
$100,000 to $124,999 117 46 71 68 2
$125,000 to $149,999 103 48 55 53 2
$150,000 to $174,999 105 39 66 60 6
$175,000 to $199,999 26 1 25 25 0
$200,000 to $249,999 82 32 51 49 2
$250,000 to $299,999 14 3 11 6 5
$300,000 to $499,999 17 3 14 14 0
$500,000 or more 16 9 8 6 1
Median 123237 119591 125783 124842 150887
Mean 151499 133189 163139 147749 396776

Purchase Price as Percent of Value@8

Acquired by purchase
672 247 425 398 27
Purchased 1997 to 2001 (part) 348 117 231 225 6
Less than 60 percent 20 9 11 8 3
60 to 69 percent 25 9 15 15 0
70 to 79 percent 44 11 33 33 0
80 to 99 percent 204 63 141 138 3
100 percent or more 55 25 30 30 0
Median 88 89 87 88 60-
Purchased 1990 to 1996 (part) 184 57 127 111 15
Less than 40 percent 0 0 0 0 0
40 to 59 percent 23 5 18 18 0
60 to 79 percent 77 26 50 42 9
80 to 99 percent 68 24 44 38 6
100 percent or more 16 1 14 14 0
Median 77 77 77 78 77
Purchased 1989 or earlier 140 72 67 62 5
Less than 20 percent 0 0 0 0 0
20 to 39 percent 8 4 4 4 0
40 to 59 percent 28 19 9 9 0
60 to 79 percent 65 32 33 29 4
80 to 99 percent 22 10 12 10 1
100 percent or more 18 7 11 11 0
Median 70 68 73 72 73
Not acquired by purchase 73 42 30 29 1

Value-Income Ratio

Less than 1.0
73 40 33 26 6
1.0 to 1.4 74 15 60 55 5
1.5 to 1.9 98 23 75 75 0
2.0 to 2.4 105 9 95 95 0
2.5 to 2.9 92 39 53 53 0
3.0 to 3.4 38 23 15 13 1
3.5 to 3.9 42 13 28 23 6
4.0 or more 146 86 60 50 10
Not reported or not computed 76 40 36 36 0
Median 2.4 3.0 2.2 2.2 3.6

Value of Capital Improvements

Properties with capital
improvements between 1998
and 2000
239 84 155 142 13
Less than $500 15 4 11 11 0
$500 to $999 17 1 15 15 0
$1,000 to $2,499 55 14 42 38 4
$2,500 to $4,999 70 30 40 40 0
$5,000 to $7,499 38 15 23 17 6
$7,500 to $9,999 6 1 5 3 1
$10,000 to $14,999 16 3 13 12 1
$15,000 to $19,999 7 5 2 2 0
$20,000 to $29,999 6 4 2 2 0
$30,000 or more 11 8 3 3 0
Median 3686 4433 3127 2971 5973
Mean 8151 13975 5002 5040 4583
Properties with no capital
improvements between 1998 and 2000
375 147 228 222 6
Capital improvements not
reported
130 58 72 63 9

Age Restrictions

Condominium building restricted to
people age 55 or older
37 22 14 14 0
Condominium building not restricted to
people age 55 or older
667 250 417 393 24
Not reported 40 17 23 19 4

Type of Property Benefits@1

Government-sponsored below-market
interest rate mortgage loan
3 0 3 3 0
Other government grant or subsidy 0 0 0 0 0
Property tax relief 29 21 7 6 1
Subsidy from a non-profit corporation 6 4 2 2 0
None of the above benefits 523 186 338 323 15
Not reported 185 78 107 95 12

Source of Property Benefits@1

With property benefits
36 25 10 9 1
Federal government 0 0 0 0 0
State government 16 12 4 4 0
Local government 14 10 4 3 1
Non-profit corporation 6 4 2 2 0
Not reported 0 0 0 0 0
With no property benefits 523 186 338 323 15
Not reported 185 78 107 95 12

Reason for Benefits@1

With property benefits
36 25 10 9 1
Occupied by low- or moderate-income
individuals
8 1 6 6 0
Occupied by elderly or disabled
individuals
13 10 3 3 0
A historic structure 1 0 1 0 1
Located in a community development or
economic development area
2 0 2 2 0
Covered by a Homestead Exemption 18 17 1 1 0
Covered by a Community Land Trust 0 0 0 0 0
Covered by disaster relief 0 0 0 0 0
Other reason 2 2 0 0 0
Not reported 4 4 0 0 0
With no property benefits 523 186 338 323 15
Not reported 185 78 107 95 12

OWNER CHARACTERISTICS


Owner Status

1 owner
446 167 280 262 18
2 owners 247 95 151 141 11
3 or more owners 51 27 24 24 0

Age of Owner

Under 25
1 0 1 1 0
25 to 34 70 3 68 68 0
35 to 44 99 7 92 88 4
45 to 54 93 6 87 85 1
55 to 64 148 51 97 90 8
65 to 74 148 95 53 46 7
75 and over 116 93 23 19 4
Not reported 69 35 34 31 4
Median 60 71 50 49 63

Race of Owner

White alone
701 276 425 398 27
Black or African American alone 28 10 18 16 1
American Indian or Alaska Native alone 2 0 2 2 0
Asian alone 10 1 9 9 0
Native Hawaiian or Other Pacific
Islander alone
0 0 0 0 0
Two or more races 3 1 2 2 0

Sex of Owner

Male/Male and female co-owners
441 162 279 263 16
Female 303 128 176 164 12

Hispanic/Latino Origin

Hispanic/Latino owner(s) only
38 6 32 32 0
No Hispanic/Latino owner(s) 706 283 423 395 28

Veteran Status@1

Veteran
149 77 72 67 5
Active member of Reserves or National
Guard for at least 6 years
22 12 10 10 0
Persian Gulf War or after
(August 1990 to present)
1 1 0 0 0
Vietnam or after
(August 1964 to July 1990)
27 1 26 26 0
Korean conflict or after
(July 1950 to July 1964)
56 23 33 31 2
World War II or after
(September 1940 to June 1950)
59 46 13 10 3
Nonveteran 524 179 345 326 19
Not reported 71 33 38 34 4

Income

Less than $5,000
86 41 45 43 1
$5,000 to $9,999 8 7 1 1 0
$10,000 to $14,999 17 13 4 4 0
$15,000 to $19,999 22 19 3 3 0
$20,000 to $24,999 65 40 25 23 2
$25,000 to $29,999 20 10 10 6 4
$30,000 to $34,999 61 22 40 40 0
$35,000 to $39,999 37 18 19 19 0
$40,000 to $49,999 82 24 58 51 6
$50,000 to $59,999 89 27 62 59 3
$60,000 to $79,999 91 14 78 74 4
$80,000 to $99,999 49 25 24 23 1
$100,000 to $119,999 29 5 24 24 0
$120,000 or more 88 24 64 58 6
Median 46874 33401 53829 53949 51489
Mean 69882 51498 81569 75882 167898

Owned Home Previously

Previously owned home
507 236 271 248 23
Never owned home before 189 31 159 159 0
Not reported 48 22 26 20 5

RECURRING EXPENSES


Real Estate Tax

Acquired before 2000
620 252 368 342 25
Less than $100 96 44 52 48 4
$100 to $199 0 0 0 0 0
$200 to $299 0 0 0 0 0
$300 to $399 6 3 4 4 0
$400 to $499 3 1 2 2 0
$500 to $599 18 7 11 11 0
$600 to $699 6 6 0 0 0
$700 to $799 22 6 16 16 0
$800 to $899 26 13 13 13 0
$900 to $999 15 3 11 11 0
$1,000 to $1,249 62 26 37 35 1
$1,250 to $1,499 59 14 45 41 4
$1,500 to $1,999 90 48 41 41 0
$2,000 to $2,499 63 20 43 35 8
$2,500 or more 135 45 90 83 8
Not reported 18 17 1 1 0
Median 1445 1419 1453 1429 2197
Mean 1966 1688 2145 2105 2673
Acquired 2000 and 2001 (part) 124 37 87 84 3

Real Estate Tax Per $1,000 Value

Acquired before 2000
620 252 368 342 25
Less than $5 102 46 57 51 5
$5 to $9 65 22 42 42 0
$10 to $14 179 41 138 131 6
$15 to $19 159 87 72 61 11
$20 to $24 56 28 28 28 0
$25 to $29 28 6 22 20 1
$30 to $39 7 5 1 0 1
$40 to $49 0 0 0 0 0
$50 to $59 0 0 0 0 0
$60 or more 7 0 7 7 0
Not reported or not computed 18 17 1 1 0
Median 13 15 13 12 15
Acquired 2000 and 2001 (part) 124 37 87 84 3

Rental and vacant condominium
properties
177 66 111 110 1

PROPERTY CHARACTERISTICS


Property Location by Geographic Area

Inside MAs
140 54 86 84 1
In central cities 47 25 22 22 0
Not in central cities 92 29 63 62 1
Outside MAs 38 12 26 26 0

Manner of Acquisition

By purchase
141 46 95 95 0
Placed one new mortgage 110 19 91 91 0
Placed two or more new mortgages 0 0 0 0 0
Assumed mortgage(s) already on property 0 0 0 0 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
5 5 0 0 0
Paid all cash-no borrowing 18 18 0 0 0
Other manner 8 4 4 4 0
By inheritance or gift 11 9 2 2 0
By divorce 0 0 0 0 0
By tax free exchange of
other property
2 2 0 0 0
By foreclosure or assignment 0 0 0 0 0
By some other manner 14 3 11 11 0
Not reported 9 6 3 2 1

Source of Downpayment@1

Properties purchased
1995 to 2001 (part)
94 25 68 68 0
Sale of stock or other partnership
shares for this project
0 0 0 0 0
Sale of previously owned stocks,
shares, or other securities
3 3 0 0 0
Sale of land or other real estate 9 0 9 9 0
Owner's cash, bank deposits,
share accounts, or bonds
61 16 45 45 0
Borrowing from a retirement plan 1 1 0 0 0
Borrowing using assets other than this
property as collateral
8 5 3 3 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 23 10 13 13 0
Other cash source 0 0 0 0 0
Non-cash source 4 0 4 4 0
No downpayment required 0 0 0 0 0
Not reported 16 6 9 9 0
Other properties 80 39 41 39 1
Not reported 4 2 2 2 0

Year Property Acquired

1999 to 2001 (part)
33 19 15 15 0
1997 and 1998 43 8 35 35 0
1995 and 1996 34 11 23 23 0
1990 to 1994 28 5 23 23 0
1985 to 1989 6 2 4 4 0
1980 to 1984 8 2 6 6 0
1975 to 1979 15 9 6 5 1
1970 to 1974 3 3 0 0 0
1969 or earlier 7 7 0 0 0

Building and Land Acquisition

Acquired at same time
124 46 78 76 1
Not acquired at same time 20 0 20 20 0
Land not owned by building owner 30 18 12 12 0
Not reported 4 2 2 2 0

Property New or Previously Owned When
Acquired

Acquired by purchase
141 46 95 95 0
New 55 5 50 50 0
Previously owned 76 33 43 43 0
As residential property 75 32 43 43 0
Converted from nonresidential use 1 1 0 0 0
Other 4 4 0 0 0
Not reported 5 3 2 2 0
Other properties 27 14 13 13 0
Not reported 9 6 3 2 1

Year Structure Built

1999 to March 2000
7 4 3 3 0
1997 and 1998 11 0 11 11 0
1995 and 1996 24 5 19 19 0
1990 to 1994 12 0 12 12 0
1980 to 1989 17 4 13 13 0
1970 to 1979 56 27 29 27 1
1960 to 1969 23 8 15 15 0
1950 to 1959 0 0 0 0 0
1940 to 1949 11 7 4 4 0
1939 or earlier 16 11 5 5 0

Purchase Price

Properties acquired by
purchase 1997 to 2001 (part)
61 16 46 46 0
Less than $20,000 5 0 5 5 0
$20,000 to $39,999 15 5 10 10 0
$40,000 to $59,999 7 5 2 2 0
$60,000 to $79,999 20 3 17 17 0
$80,000 to $99,999 8 3 5 5 0
$100,000 to $124,999 7 0 7 7 0
$125,000 to $149,999 0 0 0 0 0
$150,000 to $174,999 0 0 0 0 0
$175,000 to $199,999 0 0 0 0 0
$200,000 to $249,999 0 0 0 0 0
$250,000 to $299,999 0 0 0 0 0
$300,000 to $499,999 0 0 0 0 0
$500,000 or more 0 0 0 0 0
Median 63928 51196 67066 67066 20000-
Mean 58142 50883 60661 60661 0
Other properties 116 50 66 64 1

Value

Less than $20,000
7 7 0 0 0
$20,000 to $39,999 7 7 0 0 0
$40,000 to $59,999 31 8 22 22 0
$60,000 to $79,999 43 17 26 26 0
$80,000 to $99,999 19 9 10 10 0
$100,000 to $124,999 32 9 23 22 1
$125,000 to $149,999 7 6 2 2 0
$150,000 to $174,999 4 0 4 4 0
$175,000 to $199,999 5 0 5 5 0
$200,000 to $249,999 10 4 5 5 0
$250,000 to $299,999 14 0 14 14 0
$300,000 to $499,999 0 0 0 0 0
$500,000 or more 0 0 0 0 0
Median 82161 73549 95666 94243 112500
Mean 100542 76841 114639 114571 120000

Purchase Price as Percent of Value@8

Acquired by purchase
141 46 95 95 0
Purchased 1997 to 2001 (part) 59 14 46 46 0
Less than 60 percent 22 0 22 22 0
60 to 69 percent 2 0 2 2 0
70 to 79 percent 0 0 0 0 0
80 to 99 percent 14 1 12 12 0
100 percent or more 22 13 9 9 0
Median 88 100+ 64 64 60-
Purchased 1990 to 1996 (part) 52 13 39 39 0
Less than 40 percent 0 0 0 0 0
40 to 59 percent 5 5 0 0 0
60 to 79 percent 23 0 23 23 0
80 to 99 percent 10 3 7 7 0
100 percent or more 14 5 9 9 0
Median 78 91 76 76 40-
Purchased 1989 or earlier 30 19 11 11 0
Less than 20 percent 0 0 0 0 0
20 to 39 percent 2 2 0 0 0
40 to 59 percent 2 2 0 0 0
60 to 79 percent 5 3 2 2 0
80 to 99 percent 15 10 5 5 0
100 percent or more 5 2 4 4 0
Median 87 84 93 93 20-
Not acquired by purchase 36 20 16 15 1

Value of Capital Improvements

Properties with capital
improvements between 1998
and 2000
55 12 43 43 0
Less than $500 2 0 2 2 0
$500 to $999 5 0 5 5 0
$1,000 to $2,499 24 7 17 17 0
$2,500 to $4,999 8 2 6 6 0
$5,000 to $7,499 6 0 6 6 0
$7,500 to $9,999 0 0 0 0 0
$10,000 to $14,999 5 0 5 5 0
$15,000 to $19,999 0 0 0 0 0
$20,000 to $29,999 3 3 0 0 0
$30,000 or more 2 0 2 2 0
Median 2274 2325 2255 2255 500-
Mean 19174 6640 22649 22649 0
Properties with no capital
improvements between 1998 and 2000
73 27 46 46 0
Capital improvements not
reported
49 27 22 21 1

Monthly Rental Receipts

Acquired before 2000
154 54 101 99 1
Less than $100 2 0 2 2 0
$100 to $199 9 7 2 2 0
$200 to $299 11 5 6 6 0
$300 to $399 13 6 7 7 0
$400 to $499 3 3 0 0 0
$500 to $599 29 11 18 18 0
$600 to $799 31 10 21 21 0
$800 to $999 9 2 7 7 0
$1000 or more 30 3 26 25 1
No rental receipts 17 5 12 12 0
Median 603 520 690 684 1000+
Mean 5800 450 8663 8769 1090
Acquired 2000 and 2001 (part) 23 12 11 11 0

Rental Receipts as Percent of Value@8

Acquired before 2000
154 54 101 99 1
Less than 5 percent 10 4 6 6 0
5 to 9 percent 39 14 25 25 0
10 to 14 percent 62 25 37 36 1
15 to 19 percent 10 0 10 10 0
20 to 24 percent 2 2 0 0 0
25 to 29 percent 0 0 0 0 0
30 to 39 percent 3 3 0 0 0
40 percent or more 11 0 11 11 0
Median 11 11 11 11 12
Acquired 2000 and 2001 (part) 23 12 11 11 0

Rental Vacancy Losses as Percent of
Potential Receipts

Acquired before 2000
154 54 101 99 1
Less than 1.0 percent 50 16 33 33 0
1.0 to 2.9 percent 5 0 5 5 0
3.0 to 4.9 percent 1 0 1 1 0
5.0 to 6.9 percent 0 0 0 0 0
7.0 to 8.9 percent 9 0 9 9 0
9.0 to 10.9 percent 0 0 0 0 0
11.0 to 12.9 percent 0 0 0 0 0
13.0 to 14.9 percent 0 0 0 0 0
15.0 percent or more 14 5 9 9 0
Not reported or not computed 76 32 43 42 1
Median 0.8 0.6 0.9 0.9 0.0
Acquired 2000 and 2001 (part) 23 12 11 11 0

Age Restrictions

Condominium building restricted to
people age 55 or older
51 27 24 23 1
Condominium building not restricted to
people age 55 or older
116 29 87 87 0
Not reported 10 10 0 0 0

Meal Service Provided for
Age-Restricted Condominiums

Meal serviced provided
20 11 10 8 1
Charge included in rent 16 8 8 7 1
Charge not included in rent 0 0 0 0 0
Not reported 4 3 1 1 0
Meal service not provided 16 8 9 9 0
Not reported 141 48 93 93 0

Type of Property Benefits@1

Government-sponsored below-market
interest rate mortgage loan
3 2 1 0 1
Government rental subsidy 2 2 0 0 0
Government grant 0 0 0 0 0
Property tax relief 0 0 0 0 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 0 0 0 0 0
None of the above benefits 129 41 88 88 0
Not reported 45 23 22 22 0

Source of Property Benefits@1

With property benefits
3 2 1 0 1
Federal government 1 0 1 0 1
State government 2 2 0 0 0
Local government 0 0 0 0 0
Non-profit corporation 0 0 0 0 0
Not reported 0 0 0 0 0
With no property benefits 129 41 88 88 0
Not reported 45 23 22 22 0

Reason for Benefits@1

With property benefits
3 2 1 0 1
Occupied by low- or moderate-income
individuals
0 0 0 0 0
Occupied by elderly or disabled
individuals
1 0 1 0 1
A historic structure 0 0 0 0 0
Located in a community development or
economic development area
1 0 1 0 1
Covered by a Homestead Exemption 1 0 1 0 1
Covered by a Community Land Trust 0 0 0 0 0
Covered by disaster relief 0 0 0 0 0
Other reason 0 0 0 0 0
Not reported 2 2 0 0 0
With no property benefits 129 41 88 88 0
Not reported 45 23 22 22 0

OWNER CHARACTERISTICS


Type of Owner

Individual investor(s)
128 55 73 71 1
Limited partnership 15 3 12 12 0
Joint venture 0 0 0 0 0
General partnership 10 5 5 5 0
Life insurance company 0 0 0 0 0
Depository institution 0 0 0 0 0
Public real estate investment trust 0 0 0 0 0
Private real estate investment trust 0 0 0 0 0
Corporation - other than real estate
investment trust
13 1 12 12 0
Housing cooperative organization 0 0 0 0 0
Non-profit or church-related institution 0 0 0 0 0
Pension fund 0 0 0 0 0
Fraternal organization 0 0 0 0 0
Other 11 2 10 10 0

RECURRING EXPENSES


Real Estate Tax

Acquired before 2000
154 54 101 99 1
Less than $100 0 0 0 0 0
$100 to $199 7 7 0 0 0
$200 to $299 0 0 0 0 0
$300 to $399 5 3 2 2 0
$400 to $499 0 0 0 0 0
$500 to $599 2 0 2 2 0
$600 to $699 11 2 9 9 0
$700 to $799 21 5 16 16 0
$800 to $899 9 0 9 9 0
$900 to $999 6 5 1 0 1
$1,000 to $1,249 11 10 1 1 0
$1,250 to $1,499 15 7 8 8 0
$1,500 to $1,999 6 4 2 2 0
$2,000 to $2,499 20 3 17 17 0
$2,500 or more 34 6 28 28 0
Not reported 7 2 5 5 0
Median 1271 1103 1478 1499 950
Mean 4314 1572 5803 5874 997
Acquired 2000 and 2001 (part) 23 12 11 11 0

Real Estate Tax Per $1,000 Value

Acquired before 2000
154 54 101 99 1
Less than $5 2 0 2 2 0
$5 to $9 32 11 21 20 1
$10 to $14 23 9 14 14 0
$15 to $19 25 7 18 18 0
$20 to $24 31 16 15 15 0
$25 to $29 12 3 9 9 0
$30 to $39 14 3 10 10 0
$40 to $49 0 0 0 0 0
$50 to $59 0 0 0 0 0
$60 or more 7 2 6 6 0
Not reported or not computed 7 2 5 5 0
Median 18 18 17 18 7
Acquired 2000 and 2001 (part) 23 12 11 11 0

Real Estate Tax as Percent of Rental
Receipts

Acquired before 2000
154 54 101 99 1
Less than 5 percent 9 3 5 5 0
5 to 9 percent 27 7 21 19 1
10 to 14 percent 26 1 24 24 0
15 to 19 percent 20 17 3 3 0
20 to 24 percent 9 2 7 7 0
25 to 29 percent 5 3 2 2 0
30 to 34 percent 6 1 5 5 0
35 to 39 percent 4 3 1 1 0
40 percent or more 25 9 16 16 0
Not reported or not computed 24 7 17 17 0
Median 15 18 13 13 7
Acquired 2000 and 2001 (part) 23 12 11 11 0

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