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Residential Finance Survey: 2001 - South
Table 8-1d. 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
1242 591 651 634 17

PROPERTY CHARACTERISTICS


Property Location by Geographic Area

Inside MAs
1189 557 632 615 17
In central cities 332 143 189 187 2
Not in central cities 857 415 443 428 14
Outside MAs 52 34 19 19 0

Manner of Acquisition

By purchase
1096 521 575 560 15
Placed one new mortgage 669 133 536 530 6
Placed two or more new mortgages 12 0 12 12 0
Assumed mortgage(s) already on property 25 14 11 11 0
Assumed mortgage(s) already on property
and placed new mortgage
1 0 1 1 0
Borrowed using assets other than this
property as collateral
8 6 2 0 2
Paid all cash-no borrowing 380 369 12 5 6
Other manner 0 0 0 0 0
By inheritance or gift 31 30 1 1 0
By divorce 4 1 2 2 0
By some other manner 40 12 28 28 0
Not reported 71 27 45 43 2

Source of Downpayment@1

Properties purchased
1995 to 2001 (part)
625 214 411 407 4
Sale of previous home 189 86 103 101 2
Sale of other real property or other
investments
50 25 25 23 2
Savings 317 57 259 257 2
Borrowing from a retirement plan 7 1 5 5 0
Borrowing using assets other than this
property as collateral
16 8 8 8 0
Proceeds from an insurance policy 1 0 1 1 0
Payments in a lease-purchase agreement 6 6 0 0 0
From a state or local government source 0 0 0 0 0
From a non-profit organization 6 0 6 6 0
From parents or relatives 44 11 33 33 0
Other 16 5 11 11 0
No downpayment required 48 27 21 21 0
Not reported 33 18 15 15 0
Other properties 580 368 212 200 12
Not reported 37 9 28 28 0

Year Property Acquired

1999 to 2001 (part)
363 110 253 249 4
1997 and 1998 211 80 130 130 0
1995 and 1996 117 45 72 72 0
1990 to 1994 232 124 108 104 5
1985 to 1989 127 86 42 40 2
1980 to 1984 80 52 28 22 6
1975 to 1979 68 54 14 14 0
1970 to 1974 33 33 0 0 0
1969 or earlier 11 7 4 4 0

Building and Land Acquisition

Acquired at same time
908 460 448 437 11
Not acquired at same time 17 7 10 10 0
Land not owned by building owner 272 107 165 159 6
Not reported 45 17 28 28 0

Property New or Previously Occupied When
Acquired

Acquired by purchase
1096 521 575 560 15
New 248 135 113 109 4
Previously occupied by someone else 833 380 453 442 11
Converted from non-residential use 5 2 3 3 0
Other 0 0 0 0 0
Not reported 11 5 6 6 0
Other properties 74 43 31 31 0
Not reported 71 27 45 43 2

Year Structure Built

1999 to March 2000
47 13 34 34 0
1997 and 1998 69 19 50 50 0
1995 and 1996 49 16 33 33 0
1990 to 1994 143 62 81 76 5
1980 to 1989 402 191 211 207 4
1970 to 1979 369 202 168 166 2
1960 to 1969 97 59 38 33 5
1950 to 1959 26 12 14 14 0
1940 to 1949 12 8 5 3 2
1939 or earlier 27 10 17 17 0

Purchase Price

Properties acquired by
purchase 1997 to 2001 (part)
531 175 356 352 4
Less than $20,000 20 19 1 1 0
$20,000 to $39,999 44 22 22 22 0
$40,000 to $59,999 79 21 59 57 2
$60,000 to $79,999 90 30 61 61 0
$80,000 to $99,999 66 14 52 50 2
$100,000 to $124,999 78 33 45 45 0
$125,000 to $149,999 56 17 39 39 0
$150,000 to $174,999 19 10 10 10 0
$175,000 to $199,999 17 0 17 17 0
$200,000 to $249,999 20 1 18 18 0
$250,000 to $299,999 18 6 12 12 0
$300,000 to $499,999 14 2 12 12 0
$500,000 or more 10 0 10 10 0
Median 89429 77003 93686 94287 80494
Mean 115751 88518 129103 129819 71969
Other properties 711 416 295 282 12

Value

Less than $20,000
21 19 2 2 0
$20,000 to $39,999 79 49 30 30 0
$40,000 to $59,999 127 76 51 51 0
$60,000 to $79,999 226 115 110 104 6
$80,000 to $99,999 234 91 142 139 4
$100,000 to $124,999 155 59 96 91 4
$125,000 to $149,999 118 47 70 70 0
$150,000 to $174,999 51 24 27 25 2
$175,000 to $199,999 41 23 19 19 0
$200,000 to $249,999 70 37 33 33 0
$250,000 to $299,999 50 30 19 19 0
$300,000 to $499,999 55 17 38 38 0
$500,000 or more 16 4 12 12 0
Median 94398 87979 98511 98727 90947
Mean 122092 113340 130042 130996 93552

Purchase Price as Percent of Value@8

Acquired by purchase
1096 521 575 560 15
Purchased 1997 to 2001 (part) 515 169 346 341 4
Less than 60 percent 32 21 11 11 0
60 to 69 percent 54 26 28 28 0
70 to 79 percent 76 25 51 49 2
80 to 99 percent 255 67 188 186 2
100 percent or more 97 30 68 68 0
Median 87 83 88 88 79
Purchased 1990 to 1996 (part) 311 150 161 157 5
Less than 40 percent 1 0 1 1 0
40 to 59 percent 28 15 14 14 0
60 to 79 percent 123 57 65 63 2
80 to 99 percent 116 50 66 66 0
100 percent or more 43 28 15 13 2
Median 80 81 80 80 79
Purchased 1989 or earlier 270 202 67 62 6
Less than 20 percent 12 6 6 6 0
20 to 39 percent 31 30 1 1 0
40 to 59 percent 63 46 17 14 2
60 to 79 percent 108 79 29 25 4
80 to 99 percent 40 32 8 8 0
100 percent or more 15 9 6 6 0
Median 65 64 66 67 63
Not acquired by purchase 146 69 76 74 2

Value-Income Ratio

Less than 1.0
165 103 62 62 0
1.0 to 1.4 170 88 82 81 2
1.5 to 1.9 128 34 94 90 4
2.0 to 2.4 142 39 103 100 2
2.5 to 2.9 89 31 58 58 0
3.0 to 3.4 112 51 61 61 0
3.5 to 3.9 71 43 28 26 2
4.0 or more 216 124 92 85 7
Not reported or not computed 149 78 71 71 0
Median 2.3 2.4 2.3 2.2 3.6

Value of Capital Improvements

Properties with capital
improvements between 1998
and 2000
404 171 233 221 12
Less than $500 26 12 14 14 0
$500 to $999 22 9 12 12 0
$1,000 to $2,499 129 64 66 64 2
$2,500 to $4,999 79 31 48 43 4
$5,000 to $7,499 64 23 41 38 2
$7,500 to $9,999 12 4 8 6 2
$10,000 to $14,999 21 14 7 5 2
$15,000 to $19,999 27 6 21 21 0
$20,000 to $29,999 3 0 3 3 0
$30,000 or more 22 7 15 15 0
Median 3299 2555 3789 3659 5095
Mean 8537 5598 10690 10988 5331
Properties with no capital
improvements between 1998 and 2000
610 302 308 303 4
Capital improvements not
reported
228 118 110 110 0

Age Restrictions

Condominium building restricted to
people age 55 or older
240 189 51 47 5
Condominium building not restricted to
people age 55 or older
917 349 568 556 12
Not reported 85 53 32 32 0

Type of Property Benefits@1

Government-sponsored below-market
interest rate mortgage loan
12 0 12 12 0
Other government grant or subsidy 0 0 0 0 0
Property tax relief 62 37 24 23 2
Subsidy from a non-profit corporation 6 6 0 0 0
None of the above benefits 858 411 447 434 13
Not reported 310 142 168 166 2

Source of Property Benefits@1

With property benefits
73 37 36 34 2
Federal government 10 1 8 8 0
State government 36 23 13 11 2
Local government 20 5 15 15 0
Non-profit corporation 6 6 0 0 0
Not reported 3 1 1 1 0
With no property benefits 858 411 447 434 13
Not reported 310 142 168 166 2

Reason for Benefits@1

With property benefits
73 37 36 34 2
Occupied by low- or moderate-income
individuals
14 8 6 6 0
Occupied by elderly or disabled
individuals
12 7 5 5 0
A historic structure 2 0 2 2 0
Located in a community development or
economic development area
3 1 1 1 0
Covered by a Homestead Exemption 47 27 21 19 2
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 6 1 4 4 0
With no property benefits 858 411 447 434 13
Not reported 310 142 168 166 2

OWNER CHARACTERISTICS


Owner Status

1 owner
734 313 421 413 9
2 owners 446 239 206 200 6
3 or more owners 62 39 23 21 2

Age of Owner

Under 25
13 0 13 13 0
25 to 34 92 5 87 87 0
35 to 44 130 32 98 98 0
45 to 54 194 52 142 139 2
55 to 64 198 71 127 122 6
65 to 74 217 130 87 81 6
75 and over 254 202 52 50 2
Not reported 144 99 45 45 0
Median 61 71 52 51 65

Race of Owner

White alone
1152 565 588 573 14
Black or African American alone 42 10 32 32 0
American Indian or Alaska Native alone 0 0 0 0 0
Asian alone 43 13 29 27 2
Native Hawaiian or Other Pacific
Islander alone
0 0 0 0 0
Two or more races 5 3 2 2 0

Sex of Owner

Male/Male and female co-owners
759 376 383 375 8
Female 482 215 268 259 9

Hispanic/Latino Origin

Hispanic/Latino owner(s) only
144 52 92 90 2
No Hispanic/Latino owner(s) 1098 539 559 544 15

Veteran Status@1

Veteran
274 166 108 98 10
Active member of Reserves or National
Guard for at least 6 years
20 6 14 14 0
Persian Gulf War or after
(August 1990 to present)
10 2 8 8 0
Vietnam or after
(August 1964 to July 1990)
33 12 21 19 2
Korean conflict or after
(July 1950 to July 1964)
95 50 44 36 8
World War II or after
(September 1940 to June 1950)
140 113 26 26 0
Nonveteran 834 349 485 478 6
Not reported 135 76 58 58 0

Income

Less than $5,000
173 94 79 79 0
$5,000 to $9,999 29 24 5 5 0
$10,000 to $14,999 68 48 20 18 2
$15,000 to $19,999 68 39 29 29 0
$20,000 to $24,999 80 39 41 35 6
$25,000 to $29,999 65 38 27 25 2
$30,000 to $34,999 84 40 44 44 0
$35,000 to $39,999 78 18 61 61 0
$40,000 to $49,999 104 35 69 67 2
$50,000 to $59,999 86 32 54 52 2
$60,000 to $79,999 147 67 79 78 2
$80,000 to $99,999 78 26 52 52 0
$100,000 to $119,999 51 29 22 22 0
$120,000 or more 130 61 68 68 0
Median 38426 31653 42851 43336 24839
Mean 58964 58031 59810 60533 32169

Owned Home Previously

Previously owned home
831 460 371 358 13
Never owned home before 305 62 243 239 4
Not reported 105 68 37 37 0

RECURRING EXPENSES


Real Estate Tax

Acquired before 2000
995 520 475 461 14
Less than $100 236 111 126 124 2
$100 to $199 18 14 4 4 0
$200 to $299 30 18 13 13 0
$300 to $399 34 22 12 12 0
$400 to $499 37 20 17 15 2
$500 to $599 35 18 17 17 0
$600 to $699 46 25 20 20 0
$700 to $799 60 30 30 30 0
$800 to $899 52 24 27 23 5
$900 to $999 28 13 16 16 0
$1,000 to $1,249 100 52 48 46 2
$1,250 to $1,499 59 26 33 31 2
$1,500 to $1,999 103 71 31 31 0
$2,000 to $2,499 54 20 33 31 2
$2,500 or more 85 42 43 43 0
Not reported 20 15 4 4 0
Median 786 784 787 776 871
Mean 1067 1023 1113 1117 1004
Acquired 2000 and 2001 (part) 247 71 176 174 2

Real Estate Tax Per $1,000 Value

Acquired before 2000
995 520 475 461 14
Less than $5 294 145 149 147 2
$5 to $9 282 150 132 130 2
$10 to $14 230 125 105 98 7
$15 to $19 89 37 53 49 4
$20 to $24 49 28 22 22 0
$25 to $29 6 6 0 0 0
$30 to $39 10 10 0 0 0
$40 to $49 0 0 0 0 0
$50 to $59 8 2 6 6 0
$60 or more 6 2 4 4 0
Not reported or not computed 20 15 4 4 0
Median 8 8 8 8 12
Acquired 2000 and 2001 (part) 247 71 176 174 2

Rental and vacant condominium
properties
631 355 276 266 11

PROPERTY CHARACTERISTICS


Property Location by Geographic Area

Inside MAs
505 280 225 222 3
In central cities 215 128 86 86 0
Not in central cities 290 151 139 136 3
Outside MAs 127 75 52 44 8

Manner of Acquisition

By purchase
454 244 211 206 5
Placed one new mortgage 291 91 199 196 3
Placed two or more new mortgages 6 2 4 4 0
Assumed mortgage(s) already on property 13 7 6 6 0
Assumed mortgage(s) already on property
and placed new mortgage
2 2 0 0 0
Borrowed using assets other than this
property as collateral
12 12 0 0 0
Paid all cash-no borrowing 125 125 0 0 0
Other manner 5 4 2 0 2
By inheritance or gift 40 32 8 8 0
By divorce 0 0 0 0 0
By tax free exchange of
other property
6 4 2 2 0
By foreclosure or assignment 9 5 4 4 0
By some other manner 51 34 17 16 1
Not reported 71 37 34 30 4

Source of Downpayment@1

Properties purchased
1995 to 2001 (part)
190 72 119 119 0
Sale of stock or other partnership
shares for this project
5 3 2 2 0
Sale of previously owned stocks,
shares, or other securities
5 2 3 3 0
Sale of land or other real estate 14 6 7 7 0
Owner's cash, bank deposits,
share accounts, or bonds
123 35 88 88 0
Borrowing from a retirement plan 2 2 0 0 0
Borrowing using assets other than this
property as collateral
3 2 2 2 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 6 2 5 5 0
Other cash source 2 2 0 0 0
Non-cash source 0 0 0 0 0
No downpayment required 10 2 8 8 0
Not reported 31 21 10 10 0
Other properties 404 270 134 123 11
Not reported 37 13 24 24 0

Year Property Acquired

1999 to 2001 (part)
137 55 82 81 1
1997 and 1998 83 35 48 48 0
1995 and 1996 71 38 33 33 0
1990 to 1994 113 66 47 38 9
1985 to 1989 88 59 29 29 0
1980 to 1984 60 40 21 21 0
1975 to 1979 38 24 14 14 0
1970 to 1974 21 18 3 3 0
1969 or earlier 21 21 0 0 0

Building and Land Acquisition

Acquired at same time
396 212 184 179 5
Not acquired at same time 9 9 0 0 0
Land not owned by building owner 180 107 74 72 1
Not reported 46 27 19 14 4

Property New or Previously Owned When
Acquired

Acquired by purchase
454 244 211 206 5
New 103 57 46 46 0
Previously owned 335 172 162 157 5
As residential property 329 172 156 152 5
Converted from nonresidential use 6 0 6 6 0
Other 0 0 0 0 0
Not reported 16 14 3 3 0
Other properties 106 74 31 30 1
Not reported 71 37 34 30 4

Year Structure Built

1999 to March 2000
24 14 11 11 0
1997 and 1998 17 3 13 13 0
1995 and 1996 19 3 16 16 0
1990 to 1994 35 10 24 24 0
1980 to 1989 194 121 72 71 2
1970 to 1979 205 110 95 90 6
1960 to 1969 66 44 22 22 0
1950 to 1959 42 34 8 8 0
1940 to 1949 14 9 5 5 0
1939 or earlier 16 7 9 5 3

Purchase Price

Properties acquired by
purchase 1997 to 2001 (part)
166 68 98 98 0
Less than $20,000 7 3 5 5 0
$20,000 to $39,999 29 15 14 14 0
$40,000 to $59,999 55 26 29 29 0
$60,000 to $79,999 15 0 15 15 0
$80,000 to $99,999 8 4 4 4 0
$100,000 to $124,999 15 6 9 9 0
$125,000 to $149,999 7 0 7 7 0
$150,000 to $174,999 10 5 5 5 0
$175,000 to $199,999 2 0 2 2 0
$200,000 to $249,999 8 5 3 3 0
$250,000 to $299,999 5 2 2 2 0
$300,000 to $499,999 5 3 2 2 0
$500,000 or more 0 0 0 0 0
Median 56708 52394 61040 61040 20000-
Mean 85713 87762 84303 84303 0
Other properties 466 287 178 168 11

Value

Less than $20,000
18 16 2 2 0
$20,000 to $39,999 71 52 20 17 3
$40,000 to $59,999 147 80 66 59 7
$60,000 to $79,999 84 37 47 47 0
$80,000 to $99,999 77 33 45 45 0
$100,000 to $124,999 58 35 23 23 0
$125,000 to $149,999 27 15 12 12 0
$150,000 to $174,999 31 11 20 20 0
$175,000 to $199,999 16 6 11 11 0
$200,000 to $249,999 36 22 14 14 0
$250,000 to $299,999 30 20 10 10 0
$300,000 to $499,999 16 12 4 4 0
$500,000 or more 19 16 3 3 0
Median 78868 75838 81310 83664 45487
Mean 116272 124829 105293 107999 36861

Purchase Price as Percent of Value@8

Acquired by purchase
454 244 211 206 5
Purchased 1997 to 2001 (part) 151 59 92 92 0
Less than 60 percent 30 11 19 19 0
60 to 69 percent 17 7 10 10 0
70 to 79 percent 16 4 12 12 0
80 to 99 percent 51 7 44 44 0
100 percent or more 37 30 8 8 0
Median 84 100+ 82 82 60-
Purchased 1990 to 1996 (part) 121 62 59 54 5
Less than 40 percent 0 0 0 0 0
40 to 59 percent 23 10 13 9 3
60 to 79 percent 34 21 13 13 0
80 to 99 percent 38 18 20 20 0
100 percent or more 26 13 13 11 2
Median 81 79 83 84 54
Purchased 1989 or earlier 182 122 60 60 0
Less than 20 percent 0 0 0 0 0
20 to 39 percent 20 14 6 6 0
40 to 59 percent 37 17 20 20 0
60 to 79 percent 63 53 11 11 0
80 to 99 percent 19 17 2 2 0
100 percent or more 43 22 21 21 0
Median 70 71 67 67 20-
Not acquired by purchase 177 111 66 60 6

Value of Capital Improvements

Properties with capital
improvements between 1998
and 2000
217 105 111 101 11
Less than $500 4 0 4 4 0
$500 to $999 31 14 17 14 3
$1,000 to $2,499 64 35 29 28 1
$2,500 to $4,999 43 19 24 23 2
$5,000 to $7,499 30 15 15 11 4
$7,500 to $9,999 10 4 7 7 0
$10,000 to $14,999 17 10 7 7 0
$15,000 to $19,999 5 4 2 2 0
$20,000 to $29,999 3 1 1 1 0
$30,000 or more 9 4 5 5 0
Median 3020 3037 3006 2957 3724
Mean 7871 6683 8997 9611 3114
Properties with no capital
improvements between 1998 and 2000
247 149 99 99 0
Capital improvements not
reported
167 101 67 67 0

Monthly Rental Receipts

Acquired before 2000
533 315 218 209 9
Less than $100 5 0 5 5 0
$100 to $199 8 5 3 0 3
$200 to $299 30 27 4 4 0
$300 to $399 44 28 16 11 4
$400 to $499 62 36 26 26 0
$500 to $599 56 22 33 32 2
$600 to $799 77 41 36 36 0
$800 to $999 49 31 18 18 0
$1000 or more 117 73 44 44 0
No rental receipts 85 52 33 33 0
Median 649 665 630 656 330
Mean 1185 834 1694 1755 318
Acquired 2000 and 2001 (part) 98 39 58 57 1

Rental Receipts as Percent of Value@8

Acquired before 2000
533 315 218 209 9
Less than 5 percent 23 13 10 10 0
5 to 9 percent 101 40 61 58 3
10 to 14 percent 267 181 86 81 4
15 to 19 percent 19 9 10 9 2
20 to 24 percent 14 9 6 6 0
25 to 29 percent 8 7 2 2 0
30 to 39 percent 6 5 1 1 0
40 percent or more 5 0 5 5 0
Median 11 12 11 11 11
Acquired 2000 and 2001 (part) 98 39 58 57 1

Rental Vacancy Losses as Percent of
Potential Receipts

Acquired before 2000
533 315 218 209 9
Less than 1.0 percent 145 91 54 54 0
1.0 to 2.9 percent 0 0 0 0 0
3.0 to 4.9 percent 2 2 0 0 0
5.0 to 6.9 percent 2 0 2 2 0
7.0 to 8.9 percent 5 3 3 3 0
9.0 to 10.9 percent 1 0 1 1 0
11.0 to 12.9 percent 3 2 2 2 0
13.0 to 14.9 percent 3 3 0 0 0
15.0 percent or more 60 31 29 29 0
Not reported or not computed 312 184 127 118 9
Median 0.8 0.7 0.8 0.8 0.0
Acquired 2000 and 2001 (part) 98 39 58 57 1

Age Restrictions

Condominium building restricted to
people age 55 or older
127 79 48 48 0
Condominium building not restricted to
people age 55 or older
446 227 219 208 11
Not reported 58 49 10 10 0

Meal Service Provided for
Age-Restricted Condominiums

Meal serviced provided
63 34 29 29 0
Charge included in rent 35 18 17 17 0
Charge not included in rent 0 0 0 0 0
Not reported 28 16 11 11 0
Meal service not provided 118 64 54 53 1
Not reported 450 256 194 185 9

Type of Property Benefits@1

Government-sponsored below-market
interest rate mortgage loan
5 0 5 5 0
Government rental subsidy 4 2 3 3 0
Government grant 0 0 0 0 0
Property tax relief 3 3 0 0 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 0 0 0 0 0
None of the above benefits 464 247 217 207 9
Not reported 153 101 52 51 1

Source of Property Benefits@1

With property benefits
14 7 8 8 0
Federal government 11 4 8 8 0
State government 1 1 0 0 0
Local government 2 2 0 0 0
Non-profit corporation 0 0 0 0 0
Not reported 0 0 0 0 0
With no property benefits 464 247 217 207 9
Not reported 153 101 52 51 1

Reason for Benefits@1

With property benefits
14 7 8 8 0
Occupied by low- or moderate-income
individuals
3 0 3 3 0
Occupied by elderly or disabled
individuals
2 2 0 0 0
A historic structure 2 2 0 0 0
Located in a community development or
economic development area
0 0 0 0 0
Covered by a Homestead Exemption 3 3 0 0 0
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 5 0 5 5 0
With no property benefits 464 247 217 207 9
Not reported 153 101 52 51 1

OWNER CHARACTERISTICS


Type of Owner

Individual investor(s)
504 261 242 233 9
Limited partnership 50 34 16 16 0
Joint venture 3 2 2 2 0
General partnership 4 3 1 1 0
Life insurance company 0 0 0 0 0
Depository institution 3 3 0 0 0
Public real estate investment trust 5 5 0 0 0
Private real estate investment trust 0 0 0 0 0
Corporation - other than real estate
investment trust
36 25 10 9 2
Housing cooperative organization 3 3 0 0 0
Non-profit or church-related institution 14 12 1 1 0
Pension fund 0 0 0 0 0
Fraternal organization 0 0 0 0 0
Other 10 7 3 3 0

RECURRING EXPENSES


Real Estate Tax

Acquired before 2000
533 315 218 209 9
Less than $100 50 26 24 24 0
$100 to $199 12 5 7 7 0
$200 to $299 19 11 9 5 3
$300 to $399 27 9 18 18 0
$400 to $499 35 29 6 6 0
$500 to $599 37 16 20 14 6
$600 to $699 25 12 13 13 0
$700 to $799 39 19 20 20 0
$800 to $899 46 34 12 12 0
$900 to $999 10 10 0 0 0
$1,000 to $1,249 50 34 16 16 0
$1,250 to $1,499 20 10 10 10 0
$1,500 to $1,999 57 23 34 34 0
$2,000 to $2,499 27 13 15 15 0
$2,500 or more 62 48 14 14 0
Not reported 17 17 0 0 0
Median 833 866 762 785 522
Mean 3968 5167 2325 2409 442
Acquired 2000 and 2001 (part) 98 39 58 57 1

Real Estate Tax Per $1,000 Value

Acquired before 2000
533 315 218 209 9
Less than $5 78 34 44 44 0
$5 to $9 155 97 58 58 0
$10 to $14 118 59 59 51 8
$15 to $19 92 61 32 30 2
$20 to $24 28 22 6 6 0
$25 to $29 18 7 12 12 0
$30 to $39 16 13 3 3 0
$40 to $49 0 0 0 0 0
$50 to $59 2 2 0 0 0
$60 or more 9 4 5 5 0
Not reported or not computed 17 17 0 0 0
Median 11 11 10 10 12
Acquired 2000 and 2001 (part) 98 39 58 57 1

Real Estate Tax as Percent of Rental
Receipts

Acquired before 2000
533 315 218 209 9
Less than 5 percent 46 25 21 21 0
5 to 9 percent 143 89 54 53 2
10 to 14 percent 115 65 50 46 4
15 to 19 percent 57 33 24 21 3
20 to 24 percent 27 13 14 14 0
25 to 29 percent 18 9 9 9 0
30 to 34 percent 9 6 3 3 0
35 to 39 percent 0 0 0 0 0
40 percent or more 13 8 5 5 0
Not reported or not computed 106 69 38 38 0
Median 11 10 11 11 13
Acquired 2000 and 2001 (part) 98 39 58 57 1

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