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Residential Finance Survey

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Residential Finance Survey: 2001 - South
Table 9-1d. 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
3048 1567 1481 528 4 1210

PROPERTY CHARACTERISTICS


Property Location by Geographic Area

Inside MAs
1666 880 786 244 4 679
In central cities 163 84 79 11 0 73
Not in central cities 1503 797 707 233 4 606
Outside MAs 1382 687 695 284 0 531

Manner of Acquisition

By purchase
2474 1227 1247 421 4 1037
Placed one new mortgage 784 222 562 298 0 392
Placed two or more new mortgages 35 8 27 9 0 27
Assumed mortgage(s) already on property 54 16 38 17 0 21
Assumed mortgage(s) already on property
and placed new mortgage
7 0 7 0 0 7
Placed an installment loan or contract 749 211 537 68 0 528
Borrowed using assets other than this
property as collateral
35 29 6 0 0 6
Paid all cash-no borrowing 778 712 66 29 4 52
Other manner 33 29 3 0 0 3
By inheritance or gift 345 222 123 38 0 114
By divorce 15 15 0 0 0 0
By some other manner 164 77 87 59 0 35
Not reported 51 26 24 11 0 24

Source of Downpayment@1

Properties purchased
1995 to 2001 (part)
1437 583 854 270 0 718
Sale of previous home 199 81 118 43 0 99
Sale of other real property or other
investments
46 16 30 14 0 24
Savings 644 237 407 128 0 332
Borrowing from a retirement plan 21 10 10 0 0 10
Borrowing using assets other than this
property as collateral
35 8 27 4 0 23
Proceeds from an insurance policy 26 14 13 5 0 13
Payments in a lease-purchase agreement 32 14 18 4 0 14
From a state or local government source 0 0 0 0 0 0
From a non-profit organization 4 0 4 4 0 0
From parents or relatives 81 26 56 16 0 48
Other 13 0 13 8 0 7
No downpayment required 330 170 160 34 0 145
Not reported 56 24 32 15 0 32
Other properties 1580 971 608 252 4 473
Not reported 32 13 19 6 0 19

Year Property Acquired

1999 to 2001 (part)
782 329 454 139 0 368
1997 and 1998 505 205 300 106 0 248
1995 and 1996 476 218 259 106 0 211
1990 to 1994 494 245 249 88 0 211
1985 to 1989 306 188 117 55 0 91
1980 to 1984 215 158 57 24 4 42
1975 to 1979 144 116 27 10 0 21
1970 to 1974 73 65 8 0 0 8
1969 or earlier 53 44 10 0 0 10

Building and Land Acquisition

Acquired at same time
884 427 458 200 0 340
Not acquired at same time 1035 522 512 221 4 411
Land not owned by building owner 1097 602 495 102 0 443
Not reported 33 17 16 5 0 16

Property New or Previously Occupied When
Acquired

Acquired by purchase
2474 1227 1247 421 4 1037
New 1216 466 750 273 4 627
Previously occupied by someone else 1222 735 488 145 0 404
Converted from non-residential use 6 0 6 0 0 6
Other 1 1 0 0 0 0
Not reported 29 26 3 3 0 0
Other properties 524 314 210 96 0 149
Not reported 51 26 24 11 0 24

Year Structure Built

1999 to March 2000
241 60 181 53 0 159
1997 and 1998 262 48 214 96 0 151
1995 and 1996 316 56 260 81 0 218
1990 to 1994 424 113 311 103 0 277
1980 to 1989 922 529 393 150 0 308
1970 to 1979 668 568 100 39 4 78
1969 or earlier 216 195 22 7 0 19

Purchase Price

Properties acquired by
purchase 1997 to 2001 (part)
1060 396 664 202 0 552
Less than $5,000 104 90 14 0 0 14
$5,000 to $9,999 103 73 29 8 0 29
$10,000 to $14,999 135 84 51 4 0 47
$15,000 to $19,999 89 23 66 28 0 44
$20,000 to $29,999 167 52 115 28 0 87
$30,000 to $39,999 125 30 95 20 0 87
$40,000 to $49,999 106 21 85 10 0 79
$50,000 to $59,999 67 9 58 18 0 52
$60,000 to $79,999 83 5 78 37 0 67
$80,000 to $99,999 46 0 46 33 0 25
$100,000 or more 34 8 26 18 0 20
Median 25896 12041 35902 52082 5000- 36280
Mean 32649 17359 41776 52347 0 40839
Other properties 1988 1171 817 327 4 658

Value

Less than $5,000
433 403 30 3 0 27
$5,000 to $9,999 463 342 121 40 0 104
$10,000 to $14,999 268 174 94 21 0 90
$15,000 to $19,999 256 132 125 34 0 104
$20,000 to $29,999 408 129 278 87 0 232
$30,000 to $39,999 305 121 184 57 4 149
$40,000 to $49,999 270 91 179 73 0 130
$50,000 to $59,999 224 71 152 55 0 131
$60,000 to $79,999 234 46 188 72 0 158
$80,000 to $99,999 112 26 86 59 0 51
$100,000 or more 74 31 43 27 0 35
Median 22539 11098 35029 43089 35000 33306
Mean 29522 20759 38796 45893 39557 37379

Value of Capital Improvements

Properties with capital
improvements between 1998
and 2000
1242 671 571 235 4 472
Less than $500 113 59 55 17 0 44
$500 to $999 141 100 41 18 0 35
$1,000 to $2,499 410 248 162 72 0 129
$2,500 to $4,999 282 156 126 47 0 109
$5,000 to $7,499 166 68 98 43 4 82
$7,500 to $9,999 29 5 24 7 0 20
$10,000 to $14,999 56 23 33 9 0 28
$15,000 to $19,999 21 4 17 11 0 10
$20,000 to $29,999 12 6 6 6 0 6
$30,000 or more 13 3 9 6 0 9
Median 2342 2070 3052 3097 6250 3138
Mean 3627 2961 4409 5116 5000 4478
Properties with no capital
improvements between 1998 and 2000
1505 749 756 247 0 601
Capital improvements not
reported
301 147 154 47 0 136

Land Ownership

Yes
1472 686 786 337 4 603
No 1319 766 553 128 0 487
Not reported 257 115 141 63 0 120

Land Rent

Land not owned
1319 766 553 128 0 487
Less than $500 80 30 50 5 0 45
$500 to $999 78 44 34 10 0 28
$1,000 to $1,499 132 80 52 11 0 41
$1,500 to $1,999 180 129 51 3 0 51
$2,000 to $2,499 108 62 46 0 0 46
$2,500 to $2,999 60 42 18 0 0 18
$3,000 or more 191 100 90 22 0 86
No cash rent 408 237 171 64 0 137
Not reported 83 41 42 13 0 37
Median 1845 1847 1841 1496 500- 1924
Other properties 1729 801 928 401 4 723

Purchase Price as Percent of Value@8

Acquired by purchase
2474 1227 1247 421 4 1037
Purchased 1997 to 2001 (part) 1060 396 664 202 0 552
Less than 60 percent 66 45 22 3 0 22
60 to 69 percent 113 17 95 38 0 73
70 to 79 percent 71 42 29 14 0 20
80 to 99 percent 137 44 92 33 0 78
100 percent or more 666 246 420 114 0 356
Median 100+ 100+ 100+ 100+ 60- 100+
Purchased 1990 to 1996 (part) 788 379 408 145 0 352
Less than 40 percent 71 35 35 23 0 24
40 to 59 percent 63 27 36 17 0 36
60 to 79 percent 109 43 65 22 0 43
80 to 99 percent 89 48 41 27 0 30
100 percent or more 443 216 228 56 0 216
Median 100+ 100+ 100+ 87 40- 100+
Purchased 1989 or earlier 626 452 175 74 4 133
Less than 20 percent 18 4 14 6 0 14
20 to 39 percent 50 28 22 15 0 18
40 to 59 percent 53 53 0 0 0 0
60 to 79 percent 70 34 36 17 0 31
80 to 99 percent 79 43 36 9 0 27
100 percent or more 357 289 68 28 4 43
Median 100+ 100+ 88 79 100+ 82
Not acquired by purchase 574 340 234 107 0 173

Value-Income Ratio

Less than 1.0
1549 939 609 187 0 543
1.0 to 1.4 399 142 257 74 0 218
1.5 to 1.9 204 75 128 66 0 101
2.0 to 2.4 149 39 109 67 0 62
2.5 to 2.9 93 34 59 31 0 40
3.0 to 3.4 85 40 45 15 0 39
3.5 to 3.9 44 12 32 15 0 17
4.0 or more 136 67 69 29 0 60
Not reported or not computed 392 219 173 44 4 129
Median 0.9 0.7 1.1 1.4 0.0 1.0

Age Restrictions

Mobile home restricted to people
age 55 or older
336 243 93 38 0 89
Mobile home not restricted to people
age 55 or older
2575 1238 1337 475 4 1074
Not reported 137 86 51 16 0 46

Type of Property Benefits@1

Government-sponsored below-market
interest rate mortgage loan
4 0 4 0 0 4
Other government grant or subsidy 13 9 4 0 0 4
Property tax relief 165 111 54 16 0 44
Subsidy from a non-profit corporation 4 0 4 0 0 4
None of the above benefits 2333 1184 1150 413 0 928
Not reported 544 266 278 100 4 238

Source of Property Benefits@1

With property benefits
171 117 54 16 0 44
Federal government 14 9 6 6 0 6
State government 88 57 31 4 0 27
Local government 42 35 7 0 0 7
Non-profit corporation 4 0 4 0 0 4
Not reported 34 28 6 6 0 0
With no property benefits 2333 1184 1150 413 0 928
Not reported 544 266 278 100 4 238

Reason for Benefits@1

With property benefits
171 117 54 16 0 44
Occupied by low- or moderate-income
individuals
0 0 0 0 0 0
Occupied by elderly or disabled
individuals
55 40 15 6 0 15
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 112 68 44 16 0 34
Covered by a Community Land Trust 0 0 0 0 0 0
Covered by disaster relief 6 6 0 0 0 0
Other reason 0 0 0 0 0 0
Not reported 10 6 4 0 0 4
With no property benefits 2333 1184 1150 413 0 928
Not reported 544 266 278 100 4 238

OWNER CHARACTERISTICS


Owner Status

1 owner
1528 942 586 193 0 480
2 owners 1478 597 880 336 4 715
3 or more owners 43 28 14 0 0 14

Age of Owner

Under 25
71 33 39 0 0 39
25 to 34 401 111 290 94 0 249
35 to 44 619 189 431 182 0 314
45 to 54 648 343 304 88 4 268
55 to 64 434 250 184 87 0 153
65 to 74 382 249 133 44 0 110
75 and over 291 263 29 8 0 24
Not reported 201 130 72 26 0 53
Median 50 56 43 43 50 44

Race of Owner

White alone
2619 1391 1228 456 4 1001
Black or African American alone 341 129 212 63 0 172
American Indian or Alaska Native alone 39 14 25 6 0 20
Asian alone 19 14 5 0 0 5
Native Hawaiian or Other Pacific
Islander alone
4 0 4 0 0 4
Two or more races 26 19 8 5 0 8

Sex of Owner

Male/Male and female co-owners
2131 1010 1120 406 4 921
Female 917 557 361 123 0 289

Hispanic/Latino Origin

Hispanic/Latino owner(s) only
218 123 95 13 0 90
No Hispanic/Latino owner(s) 2830 1445 1386 515 4 1120

Veteran Status@1

Veteran
657 404 253 88 0 225
Active member of Reserves or National
Guard for at least 6 years
64 31 32 14 0 29
Persian Gulf War or after
(August 1990 to present)
51 10 41 11 0 36
Vietnam or after
(August 1964 to July 1990)
330 163 167 59 0 148
Korean conflict or after
(July 1950 to July 1964)
174 136 37 12 0 37
World War II or after
(September 1940 to June 1950)
130 118 12 4 0 12
Nonveteran 2219 1060 1158 421 4 921
Not reported 172 103 69 20 0 63

Income

Less than $5,000
435 254 181 52 4 137
$5,000 to $9,999 215 137 78 21 0 62
$10,000 to $14,999 340 234 106 39 0 83
$15,000 to $19,999 312 195 116 47 0 78
$20,000 to $24,999 314 186 128 51 0 95
$25,000 to $29,999 173 92 81 22 0 75
$30,000 to $34,999 288 92 196 59 0 171
$35,000 to $39,999 200 88 112 59 0 91
$40,000 to $49,999 309 105 204 82 0 180
$50,000 to $59,999 182 50 133 41 0 116
$60,000 to $79,999 168 73 96 28 0 77
$80,000 to $99,999 65 25 40 21 0 35
$100,000 to $119,999 9 6 2 2 0 2
$120,000 or more 38 31 7 4 0 7
Median 23539 19060 31276 32797 5000- 32189
Mean 30329 29392 31321 34246 0 32312

Owned Home Previously

Previously owned home
1550 826 724 308 4 572
Never owned home before 1329 645 684 198 0 576
Not reported 169 96 73 22 0 62

RECURRING EXPENSES


Real Estate Tax

Acquired before 2000
2636 1372 1264 465 4 1028
Less than $100 1299 780 519 207 0 407
$100 to $199 342 159 183 61 0 159
$200 to $299 166 79 87 22 0 78
$300 to $399 215 81 134 54 4 111
$400 to $499 137 55 82 31 0 56
$500 to $599 95 31 64 27 0 55
$600 to $699 48 21 28 25 0 11
$700 to $799 30 8 22 11 0 17
$800 to $899 46 34 12 7 0 8
$900 to $999 7 0 7 0 0 7
$1,000 to $1,249 28 3 26 17 0 18
$1,250 to $1,499 14 4 10 0 0 10
$1,500 to $1,999 30 15 15 0 0 15
$2,000 to $2,499 21 12 9 4 0 9
$2,500 or more 34 4 29 0 0 29
Not reported 122 87 36 0 0 36
Median 100- 100- 151 141 350 156
Mean 291 203 384 259 350 419
Acquired 2000 and 2001 (part) 412 195 217 64 0 182

Real Estate Tax Per $1,000 Value

Acquired before 2000
2636 1372 1264 465 4 1028
Less than $5 1224 624 599 246 0 456
$5 to $9 488 191 296 110 4 260
$10 to $14 262 113 149 51 0 131
$15 to $19 115 79 35 8 0 27
$20 to $24 82 62 19 12 0 7
$25 to $29 67 38 29 14 0 20
$30 to $39 60 26 33 0 0 33
$40 to $49 28 21 7 7 0 0
$50 to $59 55 38 16 16 0 14
$60 or more 112 72 40 0 0 40
Not reported or not computed 144 105 39 0 0 39
Median 5 5 5 5- 7 5
Acquired 2000 and 2001 (part) 412 195 217 64 0 182

Rental and vacant mobile homes
1022 831 191 83 8 115

PROPERTY CHARACTERISTICS


Property Location by Geographic Area

Inside MAs
550 456 94 42 8 60
In central cities 64 59 5 5 0 0
Not in central cities 485 396 89 37 8 60
Outside MAs 473 376 97 42 0 55

Manner of Acquisition

By purchase
706 561 145 55 8 90
Placed one new mortgage 144 38 107 49 0 67
Placed two or more new mortgages 0 0 0 0 0 0
Assumed mortgage(s) already on property 56 56 0 0 0 0
Assumed mortgage(s) already on property
and placed new mortgage
11 11 0 0 0 0
Placed an installment loan or contract 57 40 17 0 0 17
Borrowed using assets other than this
property as collateral
34 34 0 0 0 0
Paid all cash-no borrowing 352 352 0 0 0 0
Other manner 50 30 21 6 8 6
Through a tax free exchange of
other rental property
5 5 0 0 0 0
Through foreclosure or
assignment
14 14 0 0 0 0
By inheritance or gift 117 105 12 0 0 12
By divorce 0 0 0 0 0 0
By some other manner 80 67 13 13 0 7
Not reported 101 79 21 15 0 6

Source of Downpayment@1

Properties purchased
1995 to 2001 (part)
304 202 101 30 8 65
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 23 18 5 5 0 0
Owner's cash, bank deposits,
share accounts, or bonds
126 66 60 3 0 60
Borrowing from a retirement plan 0 0 0 0 0 0
Borrowing using assets other than this
property as collateral
26 21 6 0 0 6
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 11 11 0 0 0 0
Other cash source 6 6 0 0 0 0
Non-cash source 0 0 0 0 0 0
No downpayment required 87 56 31 22 8 0
Not reported 40 40 0 0 0 0
Other properties 682 599 83 53 0 43
Not reported 37 31 6 0 0 6

Year Property Acquired

1999 to 2001 (part)
165 97 68 16 8 43
1997 and 1998 167 150 17 11 0 6
1995 and 1996 108 80 28 9 0 22
1990 to 1994 236 193 42 19 0 30
1985 to 1989 114 94 20 13 0 13
1980 to 1984 103 88 15 15 0 0
1975 to 1979 41 41 0 0 0 0
1970 to 1974 45 45 0 0 0 0
1969 or earlier 44 44 0 0 0 0

Building and Land Acquisition

Acquired at same time
377 236 141 51 8 82
Not acquired at same time 443 406 37 32 0 20
Land not owned by building owner 167 155 13 0 0 13
Not reported 35 35 0 0 0 0

Property New or Previously Owned When
Acquired

Acquired by purchase
706 561 145 55 8 90
New 305 262 42 14 0 37
Previously owned 397 295 102 41 8 52
As residential property 393 291 102 41 8 52
Converted from nonresidential use 4 4 0 0 0 0
Other 0 0 0 0 0 0
Not reported 4 4 0 0 0 0
Other properties 216 191 25 13 0 19
Not reported 101 79 21 15 0 6

Year Structure Built

1999 to March 2000
24 5 18 0 0 18
1997 and 1998 23 18 5 5 0 0
1995 and 1996 87 61 26 3 0 26
1990 to 1994 89 57 33 21 0 18
1980 to 1989 353 309 43 19 8 22
1970 to 1979 294 251 43 30 0 12
1969 or earlier 154 131 23 5 0 18

Purchase Price

Properties acquired by
purchase 1997 to 2001 (part)
231 146 85 27 8 49
Less than $5,000 29 24 5 0 0 5
$5,000 to $9,999 57 46 11 11 0 0
$10,000 to $14,999 17 10 7 0 0 7
$15,000 to $19,999 31 6 26 11 8 6
$20,000 to $29,999 26 26 0 0 0 0
$30,000 to $39,999 35 29 6 0 0 6
$40,000 to $49,999 11 5 6 0 0 6
$50,000 to $59,999 0 0 0 0 0 0
$60,000 to $79,999 12 0 12 0 0 12
$80,000 to $99,999 5 0 5 5 0 0
$100,000 or more 8 0 8 0 0 8
Median 17059 11525 18926 16150 17500 42611
Mean 23901 16384 36767 25770 15000 46597
Other properties 791 686 106 56 0 66

Value

Less than $5,000
330 295 36 13 0 23
$5,000 to $9,999 213 194 19 0 0 19
$10,000 to $14,999 125 99 25 17 0 8
$15,000 to $19,999 45 25 20 12 8 0
$20,000 to $29,999 157 122 35 11 0 27
$30,000 to $39,999 40 40 0 0 0 0
$40,000 to $49,999 46 28 17 11 0 12
$50,000 to $59,999 34 16 18 6 0 12
$60,000 to $79,999 20 0 20 14 0 13
$80,000 to $99,999 0 0 0 0 0 0
$100,000 or more 13 13 0 0 0 0
Median 9251 8126 18759 20236 17500 22477
Mean 15968 13894 24998 30338 15000 25506

Purchase Price as Percent of Value@8

Acquired by purchase
706 561 145 55 8 90
Purchased 1997 to 2001 (part) 231 146 85 27 8 49
Less than 60 percent 13 7 6 6 0 0
60 to 69 percent 13 6 7 0 0 7
70 to 79 percent 5 5 0 0 0 0
80 to 99 percent 22 17 5 0 0 5
100 percent or more 173 111 62 21 8 32
Median 100+ 100+ 100+ 100+ 100+ 100+
Purchased 1990 to 1996 (part) 236 205 31 7 0 27
Less than 40 percent 5 5 0 0 0 0
40 to 59 percent 10 10 0 0 0 0
60 to 79 percent 19 19 0 0 0 0
80 to 99 percent 38 38 0 0 0 0
100 percent or more 157 126 31 7 0 27
Median 100+ 100+ 100+ 100+ 40- 100+
Purchased 1989 or earlier 238 211 28 21 0 13
Less than 20 percent 0 0 0 0 0 0
20 to 39 percent 10 10 0 0 0 0
40 to 59 percent 13 13 0 0 0 0
60 to 79 percent 22 22 0 0 0 0
80 to 99 percent 18 10 7 0 0 7
100 percent or more 171 150 21 21 0 6
Median 100+ 100+ 100+ 100+ 20- 98
Not acquired by purchase 317 270 46 28 0 25

Value of Capital Improvements

Properties with capital
improvements between 1998
and 2000
361 279 81 56 0 38
Less than $500 58 54 4 4 0 0
$500 to $999 42 36 6 6 0 0
$1,000 to $2,499 151 101 50 24 0 32
$2,500 to $4,999 58 50 8 8 0 0
$5,000 to $7,499 19 19 0 0 0 0
$7,500 to $9,999 0 0 0 0 0 0
$10,000 to $14,999 7 0 7 7 0 0
$15,000 to $19,999 18 12 6 6 0 6
$20,000 to $29,999 0 0 0 0 0 0
$30,000 or more 7 7 0 0 0 0
Median 1791 1733 1910 2078 500- 1889
Mean 4116 4210 3793 4846 0 3702
Properties with no capital
improvements between 1998 and 2000
496 420 76 21 0 55
Capital improvements not
reported
165 132 34 6 8 22

Monthly Rental Receipts

Acquired before 2000
916 760 156 67 8 96
Less than $100 47 42 5 0 0 5
$100 to $199 95 85 10 3 0 7
$200 to $299 118 114 4 4 0 0
$300 to $399 85 79 6 6 0 0
$400 to $499 56 53 3 3 0 3
$500 to $599 74 50 24 12 0 19
$600 to $799 60 54 6 0 0 6
$800 to $999 35 21 14 8 0 6
$1000 or more 153 119 35 13 8 19
No rental receipts 192 144 49 18 0 31
Median 428 384 629 568 1000+ 592
Mean 943 940 960 1516 1875 552
Acquired 2000 and 2001 (part) 106 71 35 16 0 19

Rental Receipts as Percent of Value@8

Acquired before 2000
916 760 156 67 8 96
Less than 5 percent 14 14 0 0 0 0
5 to 9 percent 23 16 7 7 0 7
10 to 14 percent 33 20 13 0 0 13
15 to 19 percent 32 27 5 5 0 0
20 to 24 percent 6 6 0 0 0 0
25 to 29 percent 31 22 9 9 0 3
30 to 39 percent 68 68 0 0 0 0
40 percent or more 464 396 68 29 8 37
Median 40+ 40+ 40+ 40+ 40+ 40+
Acquired 2000 and 2001 (part) 106 71 35 16 0 19

Rental Vacancy Losses as Percent of
Potential Receipts

Acquired before 2000
916 760 156 67 8 96
Less than 1.0 percent 160 140 20 0 0 20
1.0 to 2.9 percent 7 7 0 0 0 0
3.0 to 4.9 percent 0 0 0 0 0 0
5.0 to 6.9 percent 12 12 0 0 0 0
7.0 to 8.9 percent 18 18 0 0 0 0
9.0 to 10.9 percent 28 28 0 0 0 0
11.0 to 12.9 percent 0 0 0 0 0 0
13.0 to 14.9 percent 6 6 0 0 0 0
15.0 percent or more 134 115 19 19 0 13
Not reported or not computed 551 434 117 48 8 63
Median 7.4 7.4 1.0 57.5 0.0 0.8
Acquired 2000 and 2001 (part) 106 71 35 16 0 19

Age Restrictions

Mobile home restricted to people
age 55 or older
102 95 6 6 0 3
Mobile home not restricted to people
age 55 or older
877 693 185 77 8 112
Not reported 43 43 0 0 0 0

Type of Property Benefits@1

Government-sponsored below-market
interest rate mortgage loan
0 0 0 0 0 0
Government rental subsidy 10 10 0 0 0 0
Government grant 0 0 0 0 0 0
Property tax relief 12 6 6 0 0 6
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 877 704 173 83 8 97
Not reported 124 112 12 0 0 12

Source of Property Benefits@1

With property benefits
21 15 6 0 0 6
Federal government 10 10 0 0 0 0
State government 6 0 6 0 0 6
Local government 6 6 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 877 704 173 83 8 97
Not reported 124 112 12 0 0 12

Reason for Benefits@1

With property benefits
21 15 6 0 0 6
Occupied by low- or moderate-income
individuals
10 10 0 0 0 0
Occupied by elderly or disabled
individuals
3 3 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 8 2 6 0 0 6
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 877 704 173 83 8 97
Not reported 124 112 12 0 0 12

OWNER CHARACTERISTICS


Type of Owner

Individual investor(s)
877 697 180 78 8 109
Limited partnership 62 57 5 5 0 0
Joint venture 6 0 6 0 0 6
General partnership 6 6 0 0 0 0
Life insurance company 5 5 0 0 0 0
Depository institution 0 0 0 0 0 0
Public real estate investment trust 4 4 0 0 0 0
Private real estate investment trust 0 0 0 0 0 0
Corporation - other than real estate
investment trust
25 25 0 0 0 0
Housing cooperative organization 4 4 0 0 0 0
Non-profit or church-related institution 16 16 0 0 0 0
Pension fund 0 0 0 0 0 0
Fraternal organization 0 0 0 0 0 0
Other 18 18 0 0 0 0

RECURRING EXPENSES


Real Estate Tax

Acquired before 2000
916 760 156 67 8 96
Less than $100 310 271 39 14 0 28
$100 to $199 160 142 18 11 0 7
$200 to $299 85 79 6 6 0 0
$300 to $399 63 58 5 0 0 5
$400 to $499 40 22 18 6 0 12
$500 to $599 23 5 18 11 0 6
$600 to $699 15 3 12 0 0 12
$700 to $799 6 6 0 0 0 0
$800 to $899 11 11 0 0 0 0
$900 to $999 0 0 0 0 0 0
$1,000 to $1,249 32 20 12 12 0 7
$1,250 to $1,499 0 0 0 0 0 0
$1,500 to $1,999 7 0 7 0 0 7
$2,000 to $2,499 13 7 6 6 0 6
$2,500 or more 6 6 0 0 0 0
Not reported 145 131 14 0 8 6
Median 147 130 409 430 100- 441
Mean 277 229 490 555 0 581
Acquired 2000 and 2001 (part) 106 71 35 16 0 19

Real Estate Tax Per $1,000 Value

Acquired before 2000
916 760 156 67 8 96
Less than $5 184 153 31 18 0 16
$5 to $9 118 99 19 6 0 13
$10 to $14 95 77 18 6 0 12
$15 to $19 31 12 19 7 0 19
$20 to $24 52 52 0 0 0 0
$25 to $29 39 22 17 5 0 12
$30 to $39 73 73 0 0 0 0
$40 to $49 41 30 11 11 0 0
$50 to $59 21 7 14 14 0 6
$60 or more 107 94 12 0 0 12
Not reported or not computed 157 142 14 0 8 6
Median 14 13 15 17 5- 16
Acquired 2000 and 2001 (part) 106 71 35 16 0 19

Real Estate Tax as Percent of Rental
Receipts

Acquired before 2000
916 760 156 67 8 96
Less than 5 percent 352 296 57 32 0 34
5 to 9 percent 130 111 19 6 0 13
10 to 14 percent 23 23 0 0 0 0
15 to 19 percent 28 17 12 12 0 7
20 to 24 percent 6 6 0 0 0 0
25 to 29 percent 6 6 0 0 0 0
30 to 34 percent 0 0 0 0 0 0
35 to 39 percent 7 7 0 0 0 0
40 percent or more 13 13 0 0 0 0
Not reported or not computed 350 282 68 18 8 42
Median 5- 5- 5- 5- 5- 5-
Acquired 2000 and 2001 (part) 106 71 35 16 0 19

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