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Residential Finance Survey

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Residential Finance Survey: 2001 - Midwest
Table 9-1c. Mortgage Status, Mobile Home 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 or installment loans as only mortgage.
@7Properties with installment loan only or in combination with other loans.
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.
Columns may not add to total because installment loans are included in total^^

Properties with debt
Total properties Properties
without debt
Total properties
with debt
Properties with traditional
first mortgage@3
Properties with home equity
line of credit only
Properties with
installment debt@7

Homeowner mobile homes
975 505 471 124 12 402

PROPERTY CHARACTERISTICS


Property Location by Geographic Area

Inside MAs
476 231 245 36 6 228
In central cities 75 27 48 7 0 45
Not in central cities 401 204 197 29 6 183
Outside MAs 499 274 226 88 6 174

Manner of Acquisition

By purchase
858 409 449 121 12 384
Placed one new mortgage 234 69 165 97 6 119
Placed two or more new mortgages 0 0 0 0 0 0
Assumed mortgage(s) already on property 11 7 5 0 0 5
Assumed mortgage(s) already on property
and placed new mortgage
4 0 4 4 0 0
Placed an installment loan or contract 313 65 248 15 0 245
Borrowed using assets other than this
property as collateral
18 18 0 0 0 0
Paid all cash-no borrowing 258 231 27 5 6 16
Other manner 20 20 0 0 0 0
By inheritance or gift 32 24 9 0 0 9
By divorce 2 0 2 0 0 2
By some other manner 42 39 3 3 0 0
Not reported 42 34 8 0 0 8

Source of Downpayment@1

Properties purchased
1995 to 2001 (part)
523 189 334 90 0 293
Sale of previous home 68 21 47 11 0 43
Sale of other real property or other
investments
7 7 0 0 0 0
Savings 221 64 157 39 0 136
Borrowing from a retirement plan 10 6 4 0 0 4
Borrowing using assets other than this
property as collateral
25 0 25 18 0 17
Proceeds from an insurance policy 7 0 7 0 0 7
Payments in a lease-purchase agreement 13 0 13 0 0 13
From a state or local government source 14 4 10 0 0 10
From a non-profit organization 0 0 0 0 0 0
From parents or relatives 40 8 33 4 0 33
Other 4 0 4 0 0 4
No downpayment required 123 78 46 17 0 38
Not reported 25 8 17 9 0 13
Other properties 416 288 129 34 12 102
Not reported 36 28 8 0 0 8

Year Property Acquired

1999 to 2001 (part)
283 104 179 49 0 147
1997 and 1998 165 77 88 20 0 84
1995 and 1996 144 60 84 24 0 76
1990 to 1994 153 90 63 17 3 52
1985 to 1989 129 92 37 14 0 33
1980 to 1984 12 7 6 0 0 6
1975 to 1979 42 35 8 0 3 4
1970 to 1974 16 16 0 0 0 0
1969 or earlier 29 23 6 0 6 0

Building and Land Acquisition

Acquired at same time
197 103 94 52 6 55
Not acquired at same time 230 124 106 42 6 80
Land not owned by building owner 523 257 267 30 0 263
Not reported 25 22 4 0 0 4

Property New or Previously Occupied When
Acquired

Acquired by purchase
858 409 449 121 12 384
New 324 109 215 59 3 190
Previously occupied by someone else 522 292 231 58 9 190
Converted from non-residential use 3 3 0 0 0 0
Other 0 0 0 0 0 0
Not reported 9 5 4 4 0 4
Other properties 75 62 13 3 0 10
Not reported 42 34 8 0 0 8

Year Structure Built

1999 to March 2000
70 5 65 21 0 48
1997 and 1998 80 11 69 14 0 65
1995 and 1996 94 31 63 25 0 59
1990 to 1994 108 35 73 14 0 69
1980 to 1989 221 102 119 28 3 109
1970 to 1979 260 206 54 11 3 40
1969 or earlier 143 116 27 11 6 13

Purchase Price

Properties acquired by
purchase 1997 to 2001 (part)
402 146 256 66 0 223
Less than $5,000 62 58 4 0 0 4
$5,000 to $9,999 68 38 29 3 0 29
$10,000 to $14,999 51 23 28 3 0 24
$15,000 to $19,999 28 3 24 0 0 24
$20,000 to $29,999 54 8 46 20 0 38
$30,000 to $39,999 40 12 28 15 0 24
$40,000 to $49,999 33 0 33 8 0 28
$50,000 to $59,999 27 0 27 0 0 27
$60,000 to $79,999 28 4 24 4 0 24
$80,000 to $99,999 13 0 13 13 0 0
$100,000 or more 0 0 0 0 0 0
Median 18713 6961 29340 34356 5000- 27765
Mean 25261 10059 33931 42061 0 31683
Other properties 573 359 214 58 12 179

Value

Less than $5,000
137 117 20 3 3 14
$5,000 to $9,999 215 159 56 4 3 48
$10,000 to $14,999 82 39 43 9 0 39
$15,000 to $19,999 102 33 68 7 6 62
$20,000 to $29,999 124 58 66 14 0 62
$30,000 to $39,999 104 30 75 16 0 66
$40,000 to $49,999 61 32 29 12 0 29
$50,000 to $59,999 36 7 29 11 0 17
$60,000 to $79,999 57 14 43 15 0 34
$80,000 to $99,999 21 9 12 9 0 4
$100,000 or more 37 7 30 24 0 26
Median 17650 9263 27307 47221 9853 26004
Mean 25992 17095 35538 57111 9291 34502

Value of Capital Improvements

Properties with capital
improvements between 1998
and 2000
359 171 188 60 6 153
Less than $500 54 30 24 8 0 24
$500 to $999 48 29 18 0 0 18
$1,000 to $2,499 99 57 42 11 0 38
$2,500 to $4,999 75 26 49 19 6 34
$5,000 to $7,499 43 14 28 8 0 20
$7,500 to $9,999 8 4 4 0 0 4
$10,000 to $14,999 12 6 6 0 0 6
$15,000 to $19,999 4 0 4 4 0 4
$20,000 to $29,999 3 3 0 0 0 0
$30,000 or more 14 0 14 9 0 5
Median 2182 1689 3019 3891 3750 2336
Mean 4418 2580 6087 10977 4000 3846
Properties with no capital
improvements between 1998 and 2000
519 274 245 58 3 218
Capital improvements not
reported
97 60 38 6 3 31

Land Ownership

Yes
354 197 158 80 9 103
No 547 268 278 38 0 271
Not reported 74 40 35 6 3 28

Land Rent

Land not owned
547 268 278 38 0 271
Less than $500 12 0 12 0 0 12
$500 to $999 31 22 9 0 0 9
$1,000 to $1,499 28 20 8 0 0 8
$1,500 to $1,999 66 35 31 10 0 31
$2,000 to $2,499 92 47 44 7 0 38
$2,500 to $2,999 60 35 25 0 0 25
$3,000 or more 152 57 95 12 0 95
No cash rent 76 31 45 9 0 45
Not reported 29 21 8 0 0 8
Median 2450 2329 2643 2321 500- 2713
Other properties 429 236 192 86 12 131

Purchase Price as Percent of Value@8

Acquired by purchase
858 409 449 121 12 384
Purchased 1997 to 2001 (part) 402 146 256 66 0 223
Less than 60 percent 50 27 23 10 0 23
60 to 69 percent 36 9 27 18 0 18
70 to 79 percent 23 10 13 4 0 13
80 to 99 percent 70 27 43 9 0 35
100 percent or more 218 68 150 26 0 134
Median 100+ 98 100+ 83 60- 100+
Purchased 1990 to 1996 (part) 262 121 141 41 3 122
Less than 40 percent 27 16 11 4 3 4
40 to 59 percent 9 6 4 0 0 4
60 to 79 percent 25 2 23 10 0 19
80 to 99 percent 7 7 0 0 0 0
100 percent or more 186 83 103 27 0 95
Median 100+ 100+ 100+ 100+ 40- 100+
Purchased 1989 or earlier 194 141 52 14 9 39
Less than 20 percent 19 15 4 0 0 4
20 to 39 percent 23 8 16 10 6 5
40 to 59 percent 17 13 4 0 0 4
60 to 79 percent 27 14 13 4 0 13
80 to 99 percent 4 4 0 0 0 0
100 percent or more 104 88 15 0 3 12
Median 100+ 100+ 63 34 35 69
Not acquired by purchase 118 96 21 3 0 18

Value-Income Ratio

Less than 1.0
556 317 239 37 3 222
1.0 to 1.4 150 64 86 23 6 71
1.5 to 1.9 56 22 34 12 0 27
2.0 to 2.4 21 0 21 10 0 21
2.5 to 2.9 34 9 25 18 0 13
3.0 to 3.4 17 14 3 0 0 3
3.5 to 3.9 9 4 5 5 0 0
4.0 or more 40 8 32 14 0 28
Not reported or not computed 92 68 24 4 3 17
Median 0.8 0.7 0.9 1.5 1.1 0.9

Age Restrictions

Mobile home restricted to people
age 55 or older
11 7 4 4 0 0
Mobile home not restricted to people
age 55 or older
913 469 443 113 9 386
Not reported 51 28 23 6 3 16

Type of Property Benefits@1

Government-sponsored below-market
interest rate mortgage loan
0 0 0 0 0 0
Other government grant or subsidy 0 0 0 0 0 0
Property tax relief 21 13 9 0 0 9
Subsidy from a non-profit corporation 0 0 0 0 0 0
None of the above benefits 727 383 344 94 9 286
Not reported 227 110 118 30 3 107

Source of Property Benefits@1

With property benefits
21 13 9 0 0 9
Federal government 0 0 0 0 0 0
State government 13 8 5 0 0 5
Local government 5 5 0 0 0 0
Non-profit corporation 0 0 0 0 0 0
Not reported 4 0 4 0 0 4
With no property benefits 727 383 344 94 9 286
Not reported 227 110 118 30 3 107

Reason for Benefits@1

With property benefits
21 13 9 0 0 9
Occupied by low- or moderate-income
individuals
0 0 0 0 0 0
Occupied by elderly or disabled
individuals
0 0 0 0 0 0
A historic structure 0 0 0 0 0 0
Located in a community development or
economic development area
0 0 0 0 0 0
Covered by a Homestead Exemption 13 8 5 0 0 5
Covered by a Community Land Trust 0 0 0 0 0 0
Covered by disaster relief 0 0 0 0 0 0
Other reason 4 4 0 0 0 0
Not reported 4 0 4 0 0 4
With no property benefits 727 383 344 94 9 286
Not reported 227 110 118 30 3 107

OWNER CHARACTERISTICS


Owner Status

1 owner
507 281 226 67 3 181
2 owners 441 203 237 57 9 213
3 or more owners 28 20 8 0 0 8

Age of Owner

Under 25
53 33 20 4 0 17
25 to 34 138 31 107 21 0 100
35 to 44 194 62 132 33 3 116
45 to 54 164 80 84 33 0 71
55 to 64 116 79 37 10 6 24
65 to 74 98 72 26 8 0 22
75 and over 77 77 0 0 0 0
Not reported 136 72 64 15 3 53
Median 47 56 40 44 57 40

Race of Owner

White alone
950 502 448 119 12 384
Black or African American alone 5 0 5 0 0 5
American Indian or Alaska Native alone 4 0 4 4 0 0
Asian alone 7 3 4 0 0 4
Native Hawaiian or Other Pacific
Islander alone
0 0 0 0 0 0
Two or more races 9 0 9 0 0 9

Sex of Owner

Male/Male and female co-owners
715 358 357 87 9 319
Female 261 147 114 37 3 83

Hispanic/Latino Origin

Hispanic/Latino owner(s) only
35 14 21 4 0 18
No Hispanic/Latino owner(s) 940 491 449 120 12 385

Veteran Status@1

Veteran
211 126 85 36 6 72
Active member of Reserves or National
Guard for at least 6 years
26 3 23 3 0 23
Persian Gulf War or after
(August 1990 to present)
6 6 0 0 0 0
Vietnam or after
(August 1964 to July 1990)
85 42 43 26 0 39
Korean conflict or after
(July 1950 to July 1964)
52 37 15 3 6 6
World War II or after
(September 1940 to June 1950)
58 49 9 4 0 9
Nonveteran 638 303 335 73 3 291
Not reported 126 76 51 15 3 39

Income

Less than $5,000
104 62 42 4 3 35
$5,000 to $9,999 64 60 4 4 0 0
$10,000 to $14,999 86 57 28 8 0 28
$15,000 to $19,999 71 31 39 11 6 26
$20,000 to $24,999 102 52 50 13 0 37
$25,000 to $29,999 94 56 38 19 0 30
$30,000 to $34,999 91 41 49 16 0 46
$35,000 to $39,999 82 43 39 0 0 39
$40,000 to $49,999 107 29 79 14 3 71
$50,000 to $59,999 61 26 35 10 0 27
$60,000 to $79,999 83 32 51 21 0 51
$80,000 to $99,999 19 11 8 4 0 4
$100,000 to $119,999 8 4 4 0 0 4
$120,000 or more 4 0 4 0 0 4
Median 28213 23991 33350 30888 17500 34935
Mean 30954 26346 35898 36500 17537 37253

Owned Home Previously

Previously owned home
483 239 244 68 9 205
Never owned home before 389 205 184 46 0 161
Not reported 104 61 43 10 3 36

RECURRING EXPENSES


Real Estate Tax

Acquired before 2000
780 432 348 88 12 303
Less than $100 356 213 143 19 3 137
$100 to $199 99 79 20 0 6 14
$200 to $299 48 35 12 4 0 8
$300 to $399 68 47 22 4 0 18
$400 to $499 25 3 22 8 3 15
$500 to $599 46 17 29 18 0 24
$600 to $699 30 0 30 7 0 22
$700 to $799 28 14 14 3 0 14
$800 to $899 6 0 6 6 0 6
$900 to $999 0 0 0 0 0 0
$1,000 to $1,249 18 4 15 8 0 15
$1,250 to $1,499 5 0 5 5 0 5
$1,500 to $1,999 11 0 11 4 0 7
$2,000 to $2,499 3 3 0 0 0 0
$2,500 or more 16 0 16 0 0 16
Not reported 20 17 3 0 0 3
Median 124 100- 276 547 150 195
Mean 644 170 1214 583 160 1325
Acquired 2000 and 2001 (part) 196 73 123 36 0 99

Real Estate Tax Per $1,000 Value

Acquired before 2000
780 432 348 88 12 303
Less than $5 299 167 132 22 3 129
$5 to $9 88 42 46 27 6 27
$10 to $14 71 43 28 10 0 24
$15 to $19 61 25 36 6 0 36
$20 to $24 48 12 36 7 0 29
$25 to $29 19 12 7 0 0 7
$30 to $39 49 34 15 4 0 11
$40 to $49 25 21 4 4 0 0
$50 to $59 21 13 8 8 0 8
$60 or more 63 30 33 0 3 30
Not reported or not computed 36 34 3 0 0 3
Median 9 8 9 9 7 8
Acquired 2000 and 2001 (part) 196 73 123 36 0 99

Rental and vacant mobile homes
271 227 44 11 0 33

PROPERTY CHARACTERISTICS


Property Location by Geographic Area

Inside MAs
104 86 19 3 0 15
In central cities 24 19 5 0 0 5
Not in central cities 81 67 13 3 0 10
Outside MAs 167 142 25 7 0 18

Manner of Acquisition

By purchase
146 108 38 11 0 28
Placed one new mortgage 38 8 29 11 0 19
Placed two or more new mortgages 0 0 0 0 0 0
Assumed mortgage(s) already on property 0 0 0 0 0 0
Assumed mortgage(s) already on property
and placed new mortgage
0 0 0 0 0 0
Placed an installment loan or contract 14 5 9 0 0 9
Borrowed using assets other than this
property as collateral
15 15 0 0 0 0
Paid all cash-no borrowing 80 80 0 0 0 0
Other manner 0 0 0 0 0 0
Through a tax free exchange of
other rental property
0 0 0 0 0 0
Through foreclosure or
assignment
0 0 0 0 0 0
By inheritance or gift 19 19 0 0 0 0
By divorce 5 5 0 0 0 0
By some other manner 75 75 0 0 0 0
Not reported 25 20 5 0 0 5

Source of Downpayment@1

Properties purchased
1995 to 2001 (part)
68 52 16 11 0 6
Sale of stock or other partnership
shares for this project
0 0 0 0 0 0
Sale of previously owned stocks,
shares, or other securities
0 0 0 0 0 0
Sale of land or other real estate 0 0 0 0 0 0
Owner's cash, bank deposits,
share accounts, or bonds
23 23 0 0 0 0
Borrowing from a retirement plan 0 0 0 0 0 0
Borrowing using assets other than this
property as collateral
7 7 0 0 0 0
Proceeds from an insurance policy 0 0 0 0 0 0
From a state or local government source 0 0 0 0 0 0
From a non-profit organization 0 0 0 0 0 0
Proceeds from sale of tax credits 0 0 0 0 0 0
From parents or relatives 0 0 0 0 0 0
Other cash source 8 8 0 0 0 0
Non-cash source 0 0 0 0 0 0
No downpayment required 30 13 16 11 0 6
Not reported 0 0 0 0 0 0
Other properties 197 169 27 0 0 27
Not reported 6 6 0 0 0 0

Year Property Acquired

1999 to 2001 (part)
49 41 7 7 0 0
1997 and 1998 26 26 0 0 0 0
1995 and 1996 39 31 9 3 0 6
1990 to 1994 94 80 14 0 0 14
1985 to 1989 48 43 5 0 0 5
1980 to 1984 0 0 0 0 0 0
1975 to 1979 15 5 9 0 0 9
1970 to 1974 0 0 0 0 0 0
1969 or earlier 0 0 0 0 0 0

Building and Land Acquisition

Acquired at same time
96 73 24 11 0 13
Not acquired at same time 88 73 15 0 0 15
Land not owned by building owner 69 69 0 0 0 0
Not reported 18 13 5 0 0 5

Property New or Previously Owned When
Acquired

Acquired by purchase
146 108 38 11 0 28
New 50 31 19 0 0 19
Previously owned 88 69 19 11 0 8
As residential property 88 69 19 11 0 8
Converted from nonresidential use 0 0 0 0 0 0
Other 0 0 0 0 0 0
Not reported 8 8 0 0 0 0
Other properties 99 99 0 0 0 0
Not reported 25 20 5 0 0 5

Year Structure Built

1999 to March 2000
5 5 0 0 0 0
1997 and 1998 0 0 0 0 0 0
1995 and 1996 17 17 0 0 0 0
1990 to 1994 11 0 11 0 0 11
1980 to 1989 51 51 0 0 0 0
1970 to 1979 146 113 33 11 0 22
1969 or earlier 42 42 0 0 0 0

Purchase Price

Properties acquired by
purchase 1997 to 2001 (part)
42 34 7 7 0 0
Less than $5,000 7 7 0 0 0 0
$5,000 to $9,999 16 16 0 0 0 0
$10,000 to $14,999 6 6 0 0 0 0
$15,000 to $19,999 0 0 0 0 0 0
$20,000 to $29,999 7 0 7 7 0 0
$30,000 to $39,999 0 0 0 0 0 0
$40,000 to $49,999 0 0 0 0 0 0
$50,000 to $59,999 0 0 0 0 0 0
$60,000 to $79,999 5 5 0 0 0 0
$80,000 to $99,999 0 0 0 0 0 0
$100,000 or more 0 0 0 0 0 0
Median 9233 8075 25000 25000 5000- 5000-
Mean 16840 15947 21000 21000 0 0
Other properties 229 193 36 3 0 33

Value

Less than $5,000
83 80 3 3 0 0
$5,000 to $9,999 54 54 0 0 0 0
$10,000 to $14,999 49 35 14 0 0 14
$15,000 to $19,999 17 17 0 0 0 0
$20,000 to $29,999 27 20 7 7 0 0
$30,000 to $39,999 18 9 9 0 0 9
$40,000 to $49,999 0 0 0 0 0 0
$50,000 to $59,999 19 13 6 0 0 6
$60,000 to $79,999 5 0 5 0 0 5
$80,000 to $99,999 0 0 0 0 0 0
$100,000 or more 0 0 0 0 0 0
Median 9890 8148 26812 22865 5000- 33193
Mean 14785 11742 30655 15465 0 35511

Purchase Price as Percent of Value@8

Acquired by purchase
146 108 38 11 0 28
Purchased 1997 to 2001 (part) 42 34 7 7 0 0
Less than 60 percent 0 0 0 0 0 0
60 to 69 percent 0 0 0 0 0 0
70 to 79 percent 0 0 0 0 0 0
80 to 99 percent 0 0 0 0 0 0
100 percent or more 42 34 7 7 0 0
Median 100+ 100+ 100+ 100+ 60- 60-
Purchased 1990 to 1996 (part) 82 65 17 3 0 14
Less than 40 percent 16 16 0 0 0 0
40 to 59 percent 0 0 0 0 0 0
60 to 79 percent 6 0 6 0 0 6
80 to 99 percent 0 0 0 0 0 0
100 percent or more 61 49 12 3 0 8
Median 100+ 100+ 100+ 100+ 40- 100+
Purchased 1989 or earlier 22 8 14 0 0 14
Less than 20 percent 0 0 0 0 0 0
20 to 39 percent 0 0 0 0 0 0
40 to 59 percent 9 0 9 0 0 9
60 to 79 percent 5 0 5 0 0 5
80 to 99 percent 0 0 0 0 0 0
100 percent or more 8 8 0 0 0 0
Median 68 100+ 55 20- 20- 55
Not acquired by purchase 125 120 5 0 0 5

Value of Capital Improvements

Properties with capital
improvements between 1998
and 2000
91 71 19 0 0 19
Less than $500 8 8 0 0 0 0
$500 to $999 27 27 0 0 0 0
$1,000 to $2,499 26 16 10 0 0 10
$2,500 to $4,999 22 13 9 0 0 9
$5,000 to $7,499 8 8 0 0 0 0
$7,500 to $9,999 0 0 0 0 0 0
$10,000 to $14,999 0 0 0 0 0 0
$15,000 to $19,999 0 0 0 0 0 0
$20,000 to $29,999 0 0 0 0 0 0
$30,000 or more 0 0 0 0 0 0
Median 1615 1091 2416 500- 500- 2416
Mean 1946 1649 3033 0 0 3033
Properties with no capital
improvements between 1998 and 2000
133 117 16 7 0 8
Capital improvements not
reported
47 39 8 3 0 5

Monthly Rental Receipts

Acquired before 2000
227 191 36 3 0 33
Less than $100 16 16 0 0 0 0
$100 to $199 26 17 9 0 0 9
$200 to $299 39 39 0 0 0 0
$300 to $399 17 14 3 3 0 0
$400 to $499 16 5 11 0 0 11
$500 to $599 0 0 0 0 0 0
$600 to $799 0 0 0 0 0 0
$800 to $999 20 20 0 0 0 0
$1000 or more 31 31 0 0 0 0
No rental receipts 62 49 13 0 0 13
Median 305 296 374 350 100- 407
Mean 830 951 193 345 0 179
Acquired 2000 and 2001 (part) 44 36 7 7 0 0

Rental Receipts as Percent of Value@8

Acquired before 2000
227 191 36 3 0 33
Less than 5 percent 0 0 0 0 0 0
5 to 9 percent 15 0 15 0 0 15
10 to 14 percent 5 5 0 0 0 0
15 to 19 percent 0 0 0 0 0 0
20 to 24 percent 8 8 0 0 0 0
25 to 29 percent 8 8 0 0 0 0
30 to 39 percent 23 23 0 0 0 0
40 percent or more 90 82 8 3 0 5
Median 40+ 40+ 8 40+ 5- 8
Acquired 2000 and 2001 (part) 44 36 7 7 0 0

Rental Vacancy Losses as Percent of
Potential Receipts

Acquired before 2000
227 191 36 3 0 33
Less than 1.0 percent 35 29 6 0 0 6
1.0 to 2.9 percent 8 8 0 0 0 0
3.0 to 4.9 percent 0 0 0 0 0 0
5.0 to 6.9 percent 0 0 0 0 0 0
7.0 to 8.9 percent 8 8 0 0 0 0
9.0 to 10.9 percent 0 0 0 0 0 0
11.0 to 12.9 percent 0 0 0 0 0 0
13.0 to 14.9 percent 0 0 0 0 0 0
15.0 percent or more 38 29 9 0 0 9
Not reported or not computed 139 118 21 3 0 18
Median 7.4 2.9 31.6 0.0 0.0 31.6
Acquired 2000 and 2001 (part) 44 36 7 7 0 0

Age Restrictions

Mobile home restricted to people
age 55 or older
17 17 0 0 0 0
Mobile home not restricted to people
age 55 or older
219 180 38 11 0 28
Not reported 35 30 5 0 0 5

Type of Property Benefits@1

Government-sponsored below-market
interest rate mortgage loan
0 0 0 0 0 0
Government rental subsidy 5 5 0 0 0 0
Government grant 0 0 0 0 0 0
Property tax relief 0 0 0 0 0 0
Federal income tax credit for
low-income, old or historic properties
0 0 0 0 0 0
Accelerated federal income tax
depreciation for low- and
moderate-income properties
0 0 0 0 0 0
Subsidy from a non-profit corporation 0 0 0 0 0 0
None of the above benefits 231 192 38 11 0 28
Not reported 35 30 5 0 0 5

Source of Property Benefits@1

With property benefits
5 5 0 0 0 0
Federal government 0 0 0 0 0 0
State government 0 0 0 0 0 0
Local government 5 5 0 0 0 0
Non-profit corporation 0 0 0 0 0 0
Not reported 0 0 0 0 0 0
With no property benefits 231 192 38 11 0 28
Not reported 35 30 5 0 0 5

Reason for Benefits@1

With property benefits
5 5 0 0 0 0
Occupied by low- or moderate-income
individuals
5 5 0 0 0 0
Occupied by elderly or disabled
individuals
0 0 0 0 0 0
A historic structure 0 0 0 0 0 0
Located in a community development or
economic development area
0 0 0 0 0 0
Covered by a Homestead Exemption 0 0 0 0 0 0
Covered by a Community Land Trust 0 0 0 0 0 0
Covered by disaster relief 0 0 0 0 0 0
Other reason 0 0 0 0 0 0
Not reported 0 0 0 0 0 0
With no property benefits 231 192 38 11 0 28
Not reported 35 30 5 0 0 5

OWNER CHARACTERISTICS


Type of Owner

Individual investor(s)
237 198 38 11 0 28
Limited partnership 5 5 0 0 0 0
Joint venture 0 0 0 0 0 0
General partnership 16 16 0 0 0 0
Life insurance company 0 0 0 0 0 0
Depository institution 0 0 0 0 0 0
Public real estate investment trust 0 0 0 0 0 0
Private real estate investment trust 0 0 0 0 0 0
Corporation - other than real estate
investment trust
8 8 0 0 0 0
Housing cooperative organization 0 0 0 0 0 0
Non-profit or church-related institution 5 0 5 0 0 5
Pension fund 0 0 0 0 0 0
Fraternal organization 0 0 0 0 0 0
Other 0 0 0 0 0 0

RECURRING EXPENSES


Real Estate Tax

Acquired before 2000
227 191 36 3 0 33
Less than $100 43 38 5 0 0 5
$100 to $199 36 36 0 0 0 0
$200 to $299 37 37 0 0 0 0
$300 to $399 17 7 9 0 0 9
$400 to $499 7 7 0 0 0 0
$500 to $599 0 0 0 0 0 0
$600 to $699 0 0 0 0 0 0
$700 to $799 0 0 0 0 0 0
$800 to $899 6 6 0 0 0 0
$900 to $999 8 8 0 0 0 0
$1,000 to $1,249 8 0 8 0 0 8
$1,250 to $1,499 0 0 0 0 0 0
$1,500 to $1,999 0 0 0 0 0 0
$2,000 to $2,499 0 0 0 0 0 0
$2,500 or more 3 0 3 3 0 0
Not reported 62 51 11 0 0 11
Median 210 188 387 2500+ 100- 370
Mean 320 232 799 2895 0 502
Acquired 2000 and 2001 (part) 44 36 7 7 0 0

Real Estate Tax Per $1,000 Value

Acquired before 2000
227 191 36 3 0 33
Less than $5 5 0 5 0 0 5
$5 to $9 27 18 9 0 0 9
$10 to $14 17 17 0 0 0 0
$15 to $19 33 33 0 0 0 0
$20 to $24 16 16 0 0 0 0
$25 to $29 8 8 0 0 0 0
$30 to $39 13 13 0 0 0 0
$40 to $49 0 0 0 0 0 0
$50 to $59 0 0 0 0 0 0
$60 or more 47 35 12 3 0 8
Not reported or not computed 62 51 11 0 0 11
Median 20 20 9 60+ 5- 8
Acquired 2000 and 2001 (part) 44 36 7 7 0 0

Real Estate Tax as Percent of Rental
Receipts

Acquired before 2000
227 191 36 3 0 33
Less than 5 percent 38 38 0 0 0 0
5 to 9 percent 24 24 0 0 0 0
10 to 14 percent 5 5 0 0 0 0
15 to 19 percent 9 0 9 0 0 9
20 to 24 percent 0 0 0 0 0 0
25 to 29 percent 7 7 0 0 0 0
30 to 34 percent 0 0 0 0 0 0
35 to 39 percent 0 0 0 0 0 0
40 percent or more 3 0 3 3 0 0
Not reported or not computed 140 117 24 0 0 24
Median 6 5- 18 40+ 5- 17
Acquired 2000 and 2001 (part) 44 36 7 7 0 0

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