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Residential Finance Survey: 2001 - West
Table 8-1e. 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
901 192 709 707 2

PROPERTY CHARACTERISTICS


Property Location by Geographic Area

Inside MAs
861 175 687 684 2
In central cities 374 95 279 279 0
Not in central cities 488 80 408 405 2
Outside MAs 40 17 23 23 0

Manner of Acquisition

By purchase
826 174 652 650 2
Placed one new mortgage 673 72 601 601 0
Placed two or more new mortgages 23 0 23 23 0
Assumed mortgage(s) already on property 18 1 17 16 1
Assumed mortgage(s) already on property
and placed new mortgage
2 2 0 0 0
Borrowed using assets other than this
property as collateral
2 0 2 2 0
Paid all cash-no borrowing 107 99 9 7 1
Other manner 0 0 0 0 0
By inheritance or gift 5 2 3 3 0
By divorce 0 0 0 0 0
By some other manner 11 2 9 9 0
Not reported 60 15 45 45 0

Source of Downpayment@1

Properties purchased
1995 to 2001 (part)
497 70 427 426 1
Sale of previous home 114 32 82 80 1
Sale of other real property or other
investments
53 6 47 47 0
Savings 253 24 229 229 0
Borrowing from a retirement plan 27 0 27 27 0
Borrowing using assets other than this
property as collateral
2 0 2 2 0
Proceeds from an insurance policy 5 0 5 5 0
Payments in a lease-purchase agreement 0 0 0 0 0
From a state or local government source 9 0 9 9 0
From a non-profit organization 1 0 1 1 0
From parents or relatives 56 5 51 50 1
Other 6 2 4 4 0
No downpayment required 29 3 26 26 0
Not reported 25 3 21 21 0
Other properties 360 113 248 246 1
Not reported 44 9 35 35 0

Year Property Acquired

1999 to 2001 (part)
303 36 267 267 0
1997 and 1998 140 24 116 115 1
1995 and 1996 105 21 85 85 0
1990 to 1994 165 29 136 136 0
1985 to 1989 88 26 62 62 0
1980 to 1984 59 31 28 27 1
1975 to 1979 20 17 3 3 0
1970 to 1974 19 6 13 13 0
1969 or earlier 1 1 0 0 0

Building and Land Acquisition

Acquired at same time
673 135 538 535 2
Not acquired at same time 25 9 16 16 0
Land not owned by building owner 192 45 147 147 0
Not reported 12 3 9 9 0

Property New or Previously Occupied When
Acquired

Acquired by purchase
826 174 652 650 2
New 186 55 131 131 0
Previously occupied by someone else 624 108 516 514 2
Converted from non-residential use 1 1 0 0 0
Other 0 0 0 0 0
Not reported 15 9 5 5 0
Other properties 16 3 12 12 0
Not reported 60 15 45 45 0

Year Structure Built

1999 to March 2000
46 13 34 34 0
1997 and 1998 62 9 52 52 0
1995 and 1996 65 5 60 60 0
1990 to 1994 91 8 83 82 1
1980 to 1989 264 64 200 200 0
1970 to 1979 278 51 226 225 1
1960 to 1969 74 29 44 44 0
1950 to 1959 3 1 1 1 0
1940 to 1949 4 2 2 2 0
1939 or earlier 15 9 6 6 0

Purchase Price

Properties acquired by
purchase 1997 to 2001 (part)
409 51 358 357 1
Less than $20,000 0 0 0 0 0
$20,000 to $39,999 12 8 4 4 0
$40,000 to $59,999 18 6 12 12 0
$60,000 to $79,999 48 2 46 46 0
$80,000 to $99,999 39 8 31 31 0
$100,000 to $124,999 57 4 53 52 1
$125,000 to $149,999 48 4 44 44 0
$150,000 to $174,999 41 2 39 39 0
$175,000 to $199,999 19 0 19 19 0
$200,000 to $249,999 39 4 36 36 0
$250,000 to $299,999 28 6 22 22 0
$300,000 to $499,999 50 1 49 49 0
$500,000 or more 7 5 3 3 0
Median 140248 108516 143208 143548 112500
Mean 182737 240508 174542 174777 104000
Other properties 493 141 352 350 1

Value

Less than $20,000
0 0 0 0 0
$20,000 to $39,999 7 7 0 0 0
$40,000 to $59,999 15 7 8 8 0
$60,000 to $79,999 92 22 69 69 0
$80,000 to $99,999 68 8 60 60 0
$100,000 to $124,999 115 23 92 92 0
$125,000 to $149,999 95 24 70 70 0
$150,000 to $174,999 71 11 59 58 1
$175,000 to $199,999 76 21 55 54 1
$200,000 to $249,999 112 21 91 91 0
$250,000 to $299,999 79 10 69 69 0
$300,000 to $499,999 135 30 105 105 0
$500,000 or more 35 5 31 31 0
Median 170608 157222 173165 173118 175465
Mean 205720 207852 205143 205263 170190

Purchase Price as Percent of Value@8

Acquired by purchase
826 174 652 650 2
Purchased 1997 to 2001 (part) 401 49 353 351 1
Less than 60 percent 29 10 20 20 0
60 to 69 percent 46 4 41 40 1
70 to 79 percent 47 4 43 43 0
80 to 99 percent 206 23 183 183 0
100 percent or more 73 7 66 66 0
Median 87 85 87 88 65
Purchased 1990 to 1996 (part) 246 50 197 197 0
Less than 40 percent 8 0 8 8 0
40 to 59 percent 69 11 58 58 0
60 to 79 percent 64 5 59 59 0
80 to 99 percent 56 24 33 33 0
100 percent or more 49 9 39 39 0
Median 74 86 70 70 40-
Purchased 1989 or earlier 178 75 103 102 1
Less than 20 percent 8 0 8 8 0
20 to 39 percent 21 10 11 11 0
40 to 59 percent 40 19 22 20 1
60 to 79 percent 70 34 36 36 0
80 to 99 percent 22 10 13 13 0
100 percent or more 17 3 14 14 0
Median 65 65 65 66 50
Not acquired by purchase 75 18 57 57 0

Value-Income Ratio

Less than 1.0
31 9 22 21 1
1.0 to 1.4 76 8 67 67 0
1.5 to 1.9 75 8 67 67 0
2.0 to 2.4 73 15 59 59 0
2.5 to 2.9 124 14 111 111 0
3.0 to 3.4 80 12 68 68 0
3.5 to 3.9 65 13 51 51 0
4.0 or more 298 85 212 211 1
Not reported or not computed 79 28 51 51 0
Median 3.2 42.1 3.0 3.0 1.0

Value of Capital Improvements

Properties with capital
improvements between 1998
and 2000
292 64 228 228 0
Less than $500 8 4 5 5 0
$500 to $999 6 0 6 6 0
$1,000 to $2,499 70 18 52 52 0
$2,500 to $4,999 55 6 49 49 0
$5,000 to $7,499 58 13 44 44 0
$7,500 to $9,999 5 2 3 3 0
$10,000 to $14,999 33 6 28 28 0
$15,000 to $19,999 11 0 11 11 0
$20,000 to $29,999 16 5 12 12 0
$30,000 or more 30 12 18 18 0
Median 5278 5941 5084 5084 500-
Mean 10358 13909 9357 9357 0
Properties with no capital
improvements between 1998 and 2000
502 98 404 402 2
Capital improvements not
reported
107 30 77 77 0

Age Restrictions

Condominium building restricted to
people age 55 or older
84 45 38 38 0
Condominium building not restricted to
people age 55 or older
766 127 640 637 2
Not reported 51 20 31 31 0

Type of Property Benefits@1

Government-sponsored below-market
interest rate mortgage loan
17 0 17 17 0
Other government grant or subsidy 10 3 6 6 0
Property tax relief 8 5 3 3 0
Subsidy from a non-profit corporation 0 0 0 0 0
None of the above benefits 599 116 483 482 1
Not reported 267 67 200 199 1

Source of Property Benefits@1

With property benefits
35 9 26 26 0
Federal government 12 0 12 12 0
State government 12 5 8 8 0
Local government 11 3 7 7 0
Non-profit corporation 0 0 0 0 0
Not reported 4 4 0 0 0
With no property benefits 599 116 483 482 1
Not reported 267 67 200 199 1

Reason for Benefits@1

With property benefits
35 9 26 26 0
Occupied by low- or moderate-income
individuals
12 4 8 8 0
Occupied by elderly or disabled
individuals
2 0 2 2 0
A historic structure 1 0 1 1 0
Located in a community development or
economic development area
7 3 4 4 0
Covered by a Homestead Exemption 1 0 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 16 1 15 15 0
Not reported 0 0 0 0 0
With no property benefits 599 116 483 482 1
Not reported 267 67 200 199 1

OWNER CHARACTERISTICS


Owner Status

1 owner
535 127 408 407 1
2 owners 319 52 267 266 1
3 or more owners 47 13 34 34 0

Age of Owner

Under 25
14 0 14 14 0
25 to 34 109 2 107 107 0
35 to 44 148 3 145 144 1
45 to 54 191 18 172 172 0
55 to 64 122 17 105 105 0
65 to 74 140 49 91 90 1
75 and over 101 66 35 35 0
Not reported 76 36 40 40 0
Median 52 72 48 48 65

Race of Owner

White alone
760 181 579 578 1
Black or African American alone 23 1 22 22 0
American Indian or Alaska Native alone 5 0 5 5 0
Asian alone 99 9 89 88 1
Native Hawaiian or Other Pacific
Islander alone
5 0 5 5 0
Two or more races 9 0 9 9 0

Sex of Owner

Male/Male and female co-owners
551 90 461 459 2
Female 350 102 248 248 0

Hispanic/Latino Origin

Hispanic/Latino owner(s) only
70 14 56 56 0
No Hispanic/Latino owner(s) 831 177 654 651 2

Veteran Status@1

Veteran
217 50 167 166 1
Active member of Reserves or National
Guard for at least 6 years
17 0 17 17 0
Persian Gulf War or after
(August 1990 to present)
17 0 17 17 0
Vietnam or after
(August 1964 to July 1990)
86 2 84 84 0
Korean conflict or after
(July 1950 to July 1964)
76 23 52 52 0
World War II or after
(September 1940 to June 1950)
66 33 34 32 1
Nonveteran 612 107 505 504 1
Not reported 73 36 37 37 0

Income

Less than $5,000
87 32 54 54 0
$5,000 to $9,999 12 6 7 7 0
$10,000 to $14,999 44 15 29 29 0
$15,000 to $19,999 15 3 13 13 0
$20,000 to $24,999 28 6 22 21 1
$25,000 to $29,999 68 15 53 53 0
$30,000 to $34,999 45 13 32 32 0
$35,000 to $39,999 56 10 46 46 0
$40,000 to $49,999 108 19 89 89 0
$50,000 to $59,999 90 27 63 63 0
$60,000 to $79,999 139 20 119 119 0
$80,000 to $99,999 79 6 73 73 0
$100,000 to $119,999 35 7 27 27 0
$120,000 or more 96 13 82 81 1
Median 48733 37978 51507 51504 120000+
Mean 63686 57424 65380 65156 130863

Owned Home Previously

Previously owned home
489 135 353 351 2
Never owned home before 339 25 314 314 0
Not reported 74 32 42 42 0

RECURRING EXPENSES


Real Estate Tax

Acquired before 2000
697 180 517 515 2
Less than $100 94 28 66 66 0
$100 to $199 13 4 9 9 0
$200 to $299 10 3 7 7 0
$300 to $399 14 9 6 6 0
$400 to $499 24 14 10 10 0
$500 to $599 27 3 24 24 0
$600 to $699 42 17 24 24 0
$700 to $799 16 0 16 16 0
$800 to $899 36 3 33 33 0
$900 to $999 5 1 4 4 0
$1,000 to $1,249 69 16 53 52 1
$1,250 to $1,499 52 9 43 42 1
$1,500 to $1,999 76 12 64 64 0
$2,000 to $2,499 80 33 47 47 0
$2,500 or more 119 14 105 105 0
Not reported 19 13 6 6 0
Median 1209 1015 1272 1273 1254
Mean 1741 1308 1882 1885 1240
Acquired 2000 and 2001 (part) 205 12 192 192 0

Real Estate Tax Per $1,000 Value

Acquired before 2000
697 180 517 515 2
Less than $5 155 50 105 105 0
$5 to $9 318 67 252 249 2
$10 to $14 171 40 131 131 0
$15 to $19 14 3 11 11 0
$20 to $24 5 0 5 5 0
$25 to $29 1 1 0 0 0
$30 to $39 5 5 0 0 0
$40 to $49 0 0 0 0 0
$50 to $59 1 1 0 0 0
$60 or more 7 0 7 7 0
Not reported or not computed 19 13 6 6 0
Median 7 7 7 7 7
Acquired 2000 and 2001 (part) 205 12 192 192 0

Rental and vacant condominium
properties
486 200 287 285 1

PROPERTY CHARACTERISTICS


Property Location by Geographic Area

Inside MAs
443 170 273 271 1
In central cities 231 86 145 145 0
Not in central cities 212 84 128 126 1
Outside MAs 44 30 14 14 0

Manner of Acquisition

By purchase
386 144 242 241 1
Placed one new mortgage 279 63 217 215 1
Placed two or more new mortgages 5 2 3 3 0
Assumed mortgage(s) already on property 32 20 13 13 0
Assumed mortgage(s) already on property
and placed new mortgage
1 1 0 0 0
Borrowed using assets other than this
property as collateral
11 11 0 0 0
Paid all cash-no borrowing 56 47 9 9 0
Other manner 1 0 1 1 0
By inheritance or gift 28 26 1 1 0
By divorce 2 2 0 0 0
By tax free exchange of
other property
6 3 3 3 0
By foreclosure or assignment 9 1 8 8 0
By some other manner 17 9 8 8 0
Not reported 38 14 24 24 0

Source of Downpayment@1

Properties purchased
1995 to 2001 (part)
157 49 108 108 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
5 1 4 4 0
Sale of land or other real estate 14 8 6 6 0
Owner's cash, bank deposits,
share accounts, or bonds
93 24 69 69 0
Borrowing from a retirement plan 1 0 1 1 0
Borrowing using assets other than this
property as collateral
7 4 3 3 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 15 5 10 10 0
Other cash source 5 5 0 0 0
Non-cash source 0 0 0 0 0
No downpayment required 15 5 10 10 0
Not reported 11 2 9 9 0
Other properties 312 145 167 165 1
Not reported 17 5 12 12 0

Year Property Acquired

1999 to 2001 (part)
131 48 83 83 0
1997 and 1998 45 13 31 31 0
1995 and 1996 36 24 12 12 0
1990 to 1994 75 21 54 54 0
1985 to 1989 102 47 55 55 0
1980 to 1984 54 23 31 31 0
1975 to 1979 26 14 12 10 1
1970 to 1974 11 6 4 4 0
1969 or earlier 7 2 5 5 0

Building and Land Acquisition

Acquired at same time
343 142 201 199 1
Not acquired at same time 43 13 29 29 0
Land not owned by building owner 74 32 42 42 0
Not reported 27 12 15 15 0

Property New or Previously Owned When
Acquired

Acquired by purchase
386 144 242 241 1
New 70 29 41 41 0
Previously owned 313 113 199 198 1
As residential property 309 111 198 196 1
Converted from nonresidential use 4 2 2 2 0
Other 0 0 0 0 0
Not reported 3 1 2 2 0
Other properties 62 42 20 20 0
Not reported 38 14 24 24 0

Year Structure Built

1999 to March 2000
17 7 10 10 0
1997 and 1998 9 3 6 6 0
1995 and 1996 11 7 4 4 0
1990 to 1994 21 6 15 15 0
1980 to 1989 177 60 117 117 0
1970 to 1979 144 64 80 80 0
1960 to 1969 46 13 32 31 1
1950 to 1959 34 20 14 14 0
1940 to 1949 17 13 4 4 0
1939 or earlier 11 8 4 4 0

Purchase Price

Properties acquired by
purchase 1997 to 2001 (part)
136 36 99 99 0
Less than $20,000 3 3 0 0 0
$20,000 to $39,999 3 1 1 1 0
$40,000 to $59,999 20 12 8 8 0
$60,000 to $79,999 21 8 13 13 0
$80,000 to $99,999 14 1 13 13 0
$100,000 to $124,999 20 2 18 18 0
$125,000 to $149,999 17 1 15 15 0
$150,000 to $174,999 3 0 3 3 0
$175,000 to $199,999 9 5 4 4 0
$200,000 to $249,999 6 0 6 6 0
$250,000 to $299,999 4 0 4 4 0
$300,000 to $499,999 8 0 8 8 0
$500,000 or more 9 3 6 6 0
Median 108910 65470 119931 119931 20000-
Mean 164480 120088 180756 180756 0
Other properties 351 163 187 186 1

Value

Less than $20,000
3 3 0 0 0
$20,000 to $39,999 8 3 6 6 0
$40,000 to $59,999 65 41 24 24 0
$60,000 to $79,999 37 21 16 16 0
$80,000 to $99,999 76 20 56 56 0
$100,000 to $124,999 87 23 64 62 1
$125,000 to $149,999 42 17 25 25 0
$150,000 to $174,999 48 17 31 31 0
$175,000 to $199,999 25 12 13 13 0
$200,000 to $249,999 12 6 7 7 0
$250,000 to $299,999 19 6 12 12 0
$300,000 to $499,999 48 24 24 24 0
$500,000 or more 16 8 8 8 0
Median 115546 113895 116149 116224 112500
Mean 152463 150097 154110 154309 110000

Purchase Price as Percent of Value@8

Acquired by purchase
386 144 242 241 1
Purchased 1997 to 2001 (part) 131 34 97 97 0
Less than 60 percent 7 2 5 5 0
60 to 69 percent 6 0 6 6 0
70 to 79 percent 10 0 10 10 0
80 to 99 percent 50 2 48 48 0
100 percent or more 58 29 28 28 0
Median 96 100+ 91 91 60-
Purchased 1990 to 1996 (part) 96 37 60 60 0
Less than 40 percent 2 0 2 2 0
40 to 59 percent 21 10 11 11 0
60 to 79 percent 20 6 14 14 0
80 to 99 percent 31 11 19 19 0
100 percent or more 23 9 14 14 0
Median 83 83 83 83 40-
Purchased 1989 or earlier 159 73 86 84 1
Less than 20 percent 3 3 0 0 0
20 to 39 percent 32 24 8 8 0
40 to 59 percent 37 10 27 27 0
60 to 79 percent 31 9 22 21 1
80 to 99 percent 21 11 10 10 0
100 percent or more 33 16 17 17 0
Median 64 58 66 66 70
Not acquired by purchase 100 56 44 44 0

Value of Capital Improvements

Properties with capital
improvements between 1998
and 2000
142 56 85 84 1
Less than $500 19 7 12 12 0
$500 to $999 12 1 10 10 0
$1,000 to $2,499 50 28 22 22 0
$2,500 to $4,999 32 7 25 24 1
$5,000 to $7,499 13 7 6 6 0
$7,500 to $9,999 5 0 5 5 0
$10,000 to $14,999 2 1 1 1 0
$15,000 to $19,999 4 3 1 1 0
$20,000 to $29,999 2 0 2 2 0
$30,000 or more 3 2 1 1 0
Median 2214 2049 2426 2382 3750
Mean 5867 5706 5973 6004 4000
Properties with no capital
improvements between 1998 and 2000
230 107 123 123 0
Capital improvements not
reported
115 36 79 79 0

Monthly Rental Receipts

Acquired before 2000
398 168 230 229 1
Less than $100 9 4 4 4 0
$100 to $199 1 1 0 0 0
$200 to $299 4 1 3 3 0
$300 to $399 21 16 5 5 0
$400 to $499 26 7 18 18 0
$500 to $599 36 15 20 20 0
$600 to $799 96 41 55 54 1
$800 to $999 65 15 50 50 0
$1000 or more 110 44 66 66 0
No rental receipts 31 22 8 8 0
Median 781 733 818 820 700
Mean 1463 1669 1312 1315 775
Acquired 2000 and 2001 (part) 88 32 56 56 0

Rental Receipts as Percent of Value@8

Acquired before 2000
398 168 230 229 1
Less than 5 percent 21 9 11 11 0
5 to 9 percent 148 60 88 87 1
10 to 14 percent 167 62 105 105 0
15 to 19 percent 9 8 1 1 0
20 to 24 percent 5 1 3 3 0
25 to 29 percent 0 0 0 0 0
30 to 39 percent 1 0 1 1 0
40 percent or more 12 5 7 7 0
Median 10 10 10 10 7
Acquired 2000 and 2001 (part) 88 32 56 56 0

Rental Vacancy Losses as Percent of
Potential Receipts

Acquired before 2000
398 168 230 229 1
Less than 1.0 percent 154 75 78 77 1
1.0 to 2.9 percent 10 5 5 5 0
3.0 to 4.9 percent 4 2 2 2 0
5.0 to 6.9 percent 2 2 0 0 0
7.0 to 8.9 percent 13 0 13 13 0
9.0 to 10.9 percent 1 1 0 0 0
11.0 to 12.9 percent 0 0 0 0 0
13.0 to 14.9 percent 1 0 1 1 0
15.0 percent or more 40 7 33 33 0
Not reported or not computed 173 75 98 98 0
Median 0.7 0.6 0.8 0.9 0.5
Acquired 2000 and 2001 (part) 88 32 56 56 0

Age Restrictions

Condominium building restricted to
people age 55 or older
94 35 59 57 1
Condominium building not restricted to
people age 55 or older
372 156 216 216 0
Not reported 20 8 12 12 0

Meal Service Provided for
Age-Restricted Condominiums

Meal serviced provided
45 15 30 29 1
Charge included in rent 25 8 17 17 0
Charge not included in rent 2 2 0 0 0
Not reported 18 5 13 12 1
Meal service not provided 55 31 24 24 0
Not reported 387 154 233 233 0

Type of Property Benefits@1

Government-sponsored below-market
interest rate mortgage loan
1 0 1 1 0
Government rental subsidy 14 2 13 13 0
Government grant 0 0 0 0 0
Property tax relief 4 4 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 351 138 213 211 1
Not reported 116 56 60 60 0

Source of Property Benefits@1

With property benefits
20 6 14 14 0
Federal government 10 2 8 8 0
State government 3 2 1 1 0
Local government 2 2 0 0 0
Non-profit corporation 0 0 0 0 0
Not reported 6 2 4 4 0
With no property benefits 351 138 213 211 1
Not reported 116 56 60 60 0

Reason for Benefits@1

With property benefits
20 6 14 14 0
Occupied by low- or moderate-income
individuals
10 2 8 8 0
Occupied by elderly or disabled
individuals
3 0 3 3 0
A historic structure 0 0 0 0 0
Located in a community development or
economic development area
0 0 0 0 0
Covered by a Homestead Exemption 0 0 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 8 4 4 4 0
With no property benefits 351 138 213 211 1
Not reported 116 56 60 60 0

OWNER CHARACTERISTICS


Type of Owner

Individual investor(s)
427 180 247 245 1
Limited partnership 10 6 4 4 0
Joint venture 6 0 6 6 0
General partnership 1 0 1 1 0
Life insurance company 0 0 0 0 0
Depository institution 0 0 0 0 0
Public real estate investment trust 7 0 7 7 0
Private real estate investment trust 0 0 0 0 0
Corporation - other than real estate
investment trust
16 8 8 8 0
Housing cooperative organization 0 0 0 0 0
Non-profit or church-related institution 6 0 6 6 0
Pension fund 2 2 0 0 0
Fraternal organization 0 0 0 0 0
Other 11 4 7 7 0

RECURRING EXPENSES


Real Estate Tax

Acquired before 2000
398 168 230 229 1
Less than $100 7 1 5 5 0
$100 to $199 13 5 9 9 0
$200 to $299 11 9 2 2 0
$300 to $399 13 1 12 11 1
$400 to $499 25 15 10 10 0
$500 to $599 25 15 10 10 0
$600 to $699 37 14 23 23 0
$700 to $799 19 9 11 11 0
$800 to $899 37 5 32 32 0
$900 to $999 20 6 14 14 0
$1,000 to $1,249 50 30 19 19 0
$1,250 to $1,499 21 9 12 12 0
$1,500 to $1,999 35 7 28 28 0
$2,000 to $2,499 28 6 22 22 0
$2,500 or more 38 20 18 18 0
Not reported 20 15 6 6 0
Median 908 925 901 905 350
Mean 1632 1944 1419 1425 380
Acquired 2000 and 2001 (part) 88 32 56 56 0

Real Estate Tax Per $1,000 Value

Acquired before 2000
398 168 230 229 1
Less than $5 52 29 23 21 1
$5 to $9 196 67 129 129 0
$10 to $14 83 35 47 47 0
$15 to $19 25 11 14 14 0
$20 to $24 9 3 5 5 0
$25 to $29 2 0 2 2 0
$30 to $39 1 0 1 1 0
$40 to $49 0 0 0 0 0
$50 to $59 2 0 2 2 0
$60 or more 9 8 1 1 0
Not reported or not computed 20 15 6 6 0
Median 8 8 8 8 5-
Acquired 2000 and 2001 (part) 88 32 56 56 0

Real Estate Tax as Percent of Rental
Receipts

Acquired before 2000
398 168 230 229 1
Less than 5 percent 47 26 21 19 1
5 to 9 percent 120 37 84 84 0
10 to 14 percent 122 53 70 70 0
15 to 19 percent 18 5 13 13 0
20 to 24 percent 15 8 7 7 0
25 to 29 percent 4 0 4 4 0
30 to 34 percent 9 1 8 8 0
35 to 39 percent 5 1 3 3 0
40 percent or more 2 0 2 2 0
Not reported or not computed 55 37 18 18 0
Median 10 10 10 10 5-
Acquired 2000 and 2001 (part) 88 32 56 56 0

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