Residential Finance Survey |
|
Total properties | Nonmortgaged properties | Mortgaged properties | |
---|---|---|---|
5-to-49-housing-unit properties |
473413 | 180409 | 293004 |
PROPERTY CHARACTERISTICS Property Location by Geographic Area Inside MAs |
403520 | 159092 | 244428 |
In central cities | 231452 | 92360 | 139092 |
Not in central cities | 172068 | 66732 | 105336 |
Outside MAs | 69893 | 21318 | 48575 |
Number of Housing Units 5 to 9 housing units |
262924 | 111274 | 151651 |
10 to 19 housing units | 115066 | 45671 | 69395 |
20 to 29 housing units | 49595 | 13615 | 35980 |
30 to 39 housing units | 25654 | 5410 | 20245 |
40 to 49 housing units | 20173 | 4440 | 15733 |
Manner of Acquisition By purchase |
410529 | 144909 | 265620 |
Placed one new mortgage | 288247 | 75879 | 212367 |
Placed two or more new mortgages | 27328 | 4589 | 22739 |
Assumed mortgage(s) already on property | 25403 | 9739 | 15664 |
Assumed mortgage(s) already on property and placed new mortgage |
7538 | 3138 | 4401 |
Borrowed using assets other than this property as collateral |
10160 | 6454 | 3706 |
Paid all cash-no borrowing | 36203 | 32443 | 3760 |
Other manner | 15650 | 12667 | 2982 |
By inheritance or gift | 21821 | 16783 | 5038 |
By divorce | 698 | 432 | 267 |
By tax free exchange of other property |
5307 | 1857 | 3450 |
By foreclosure or assignment | 4044 | 1837 | 2207 |
By some other manner | 6926 | 3647 | 3279 |
Not reported | 24087 | 10945 | 13142 |
Source of Downpayment@1 Properties purchased 1995 to 2001 (part) |
155251 | 24442 | 130809 |
Sale of stock or other partnership shares for this project |
4901 | 353 | 4547 |
Sale of previously owned stocks, shares, or other securities |
5364 | 439 | 4925 |
Sale of land or other real estate | 17520 | 2656 | 14864 |
Owner's cash, bank deposits, share accounts, or bonds |
74359 | 10026 | 64334 |
Borrowing from a retirement plan | 1510 | 0 | 1510 |
Borrowing using assets other than this property as collateral |
13502 | 1327 | 12175 |
Proceeds from an insurance policy | 572 | 0 | 572 |
From a state or local government source | 1553 | 435 | 1117 |
From a non-profit organization | 567 | 224 | 343 |
Proceeds from sale of tax credits | 1971 | 238 | 1734 |
From parents or relatives | 4921 | 547 | 4374 |
Other cash source | 6424 | 2789 | 3635 |
Non-cash source | 1312 | 550 | 762 |
No downpayment required | 15377 | 3091 | 12285 |
Not reported | 19538 | 3808 | 15731 |
Other properties | 306379 | 152500 | 153878 |
Not reported | 11784 | 3467 | 8317 |
Year Property Acquired 1999 to 2001 (part) |
91140 | 16231 | 74909 |
1997 and 1998 | 52887 | 9135 | 43752 |
1995 and 1996 | 38718 | 11964 | 26755 |
1990 to 1994 | 67783 | 20354 | 47429 |
1985 to 1989 | 59339 | 18354 | 40985 |
1980 to 1984 | 44084 | 21646 | 22438 |
1975 to 1979 | 40700 | 23249 | 17451 |
1970 to 1974 | 36790 | 24243 | 12547 |
1969 or earlier | 41973 | 35234 | 6739 |
Building and Land Acquisition Acquired at same time |
384471 | 143115 | 241356 |
Not acquired at same time | 60628 | 26081 | 34546 |
Land not owned by building owner | 4701 | 1618 | 3084 |
Not reported | 23614 | 9595 | 14018 |
Property New or Previously Owned When Acquired Acquired by purchase |
410529 | 144909 | 265620 |
New | 87505 | 38207 | 49299 |
Previously owned | 314020 | 103003 | 211017 |
As residential property | 293706 | 95355 | 198350 |
Converted from nonresidential use | 20314 | 7648 | 12666 |
Other | 3762 | 1844 | 1917 |
Not reported | 5241 | 1854 | 3387 |
Other properties | 38797 | 24555 | 14242 |
Not reported | 24087 | 10945 | 13142 |
Year Structure Built 1999 to March 2000 |
16200 | 2802 | 13398 |
1997 and 1998 | 10062 | 2083 | 7979 |
1995 and 1996 | 8448 | 2328 | 6120 |
1990 to 1994 | 21146 | 5040 | 16105 |
1980 to 1989 | 56750 | 17488 | 39262 |
1970 to 1979 | 79653 | 31859 | 47794 |
1960 to 1969 | 83085 | 35203 | 47882 |
1950 to 1959 | 44485 | 19004 | 25482 |
1940 to 1949 | 29326 | 11542 | 17783 |
1939 or earlier | 124259 | 53060 | 71198 |
Purchase Price Per Housing Unit@8 Properties acquired by purchase 1997 to 2001 (part) |
122916 | 16109 | 106808 |
Less than $20,000 | 27836 | 4789 | 23048 |
$20,000 to $39,999 | 43946 | 5837 | 38110 |
$40,000 to $59,999 | 24056 | 1894 | 22162 |
$60,000 to $79,999 | 9034 | 794 | 8240 |
$80,000 to $99,999 | 6216 | 445 | 5772 |
$100,000 to $124,999 | 4010 | 594 | 3416 |
$125,000 to $149,999 | 1885 | 249 | 1637 |
$150,000 to $174,999 | 1025 | 378 | 647 |
$175,000 to $199,999 | 591 | 0 | 591 |
$200,000 to $249,999 | 692 | 0 | 692 |
$250,000 to $299,999 | 447 | 0 | 447 |
$300,000 to $499,999 | 617 | 320 | 297 |
$500,000 or more | 2009 | 632 | 1377 |
Median | 35176 | 30885 | 35833 |
Mean | 54240 | 65208 | 52599 |
Other properties | 350497 | 164301 | 186196 |
Value Less than $100,000 |
35142 | 22586 | 12556 |
$100,000 to $199,999 | 69637 | 34127 | 35510 |
$200,000 to $299,999 | 66940 | 29724 | 37215 |
$300,000 to $399,999 | 54706 | 22742 | 31965 |
$400,000 to $499,999 | 41286 | 12694 | 28591 |
$500,000 to $749,999 | 63801 | 21041 | 42760 |
$750,000 to $999,999 | 40483 | 10918 | 29565 |
$1,000,000 to $1,499,999 | 40763 | 8819 | 31945 |
$1,500,000 to $1,999,999 | 20592 | 4640 | 15951 |
$2,000,000 to $2,999,999 | 16183 | 4119 | 12064 |
$3,000,000 to $3,999,999 | 9728 | 3590 | 6139 |
$4,000,000 to $4,999,999 | 3234 | 1047 | 2187 |
$5,000,000 or more | 10918 | 4362 | 6556 |
Median | 424903 | 316562 | 503889 |
Mean | 809829 | 702593 | 875856 |
Value Per Housing Unit@8 Less than $20,000 |
79353 | 44277 | 35076 |
$20,000 to $39,999 | 152336 | 57861 | 94475 |
$40,000 to $59,999 | 91174 | 29613 | 61561 |
$60,000 to $79,999 | 53573 | 15987 | 37586 |
$80,000 to $99,999 | 27568 | 9457 | 18111 |
$100,000 to $124,999 | 21496 | 7552 | 13944 |
$125,000 to $149,999 | 12359 | 3329 | 9029 |
$150,000 to $174,999 | 8616 | 2937 | 5679 |
$175,000 to $199,999 | 4568 | 1032 | 3537 |
$200,000 to $249,999 | 6665 | 1463 | 5202 |
$250,000 to $299,999 | 3206 | 1269 | 1937 |
$300,000 to $499,999 | 4929 | 2059 | 2870 |
$500,000 or more | 7571 | 3573 | 3998 |
Median | 41101 | 35875 | 45507 |
Mean | 65729 | 61825 | 68133 |
Purchase Price as Percent of Value@8 Acquired by purchase |
410529 | 144909 | 265620 |
Purchased 1997 to 2001 (part) | 122916 | 16109 | 106808 |
Less than 60 percent | 15853 | 384 | 15469 |
60 to 69 percent | 8476 | 118 | 8358 |
70 to 79 percent | 14058 | 900 | 13158 |
80 to 99 percent | 36861 | 1273 | 35588 |
100 percent or more | 47118 | 13257 | 33861 |
Median | 92 | 3733 | 89 |
Purchased 1990 to 1996 (part) | 90462 | 23862 | 66600 |
Less than 40 percent | 13259 | 5551 | 7708 |
40 to 59 percent | 13870 | 4259 | 9612 |
60 to 79 percent | 24693 | 4591 | 20102 |
80 to 99 percent | 18737 | 4789 | 13949 |
100 percent or more | 19510 | 4348 | 15161 |
Median | 75 | 69 | 76 |
Purchased 1989 or earlier | 197151 | 104939 | 92212 |
Less than 20 percent | 32743 | 20451 | 12291 |
20 to 39 percent | 38360 | 23349 | 15010 |
40 to 59 percent | 38705 | 19374 | 19331 |
60 to 79 percent | 29784 | 15664 | 14120 |
80 to 99 percent | 16864 | 7674 | 9190 |
100 percent or more | 39872 | 17954 | 21917 |
Median | 54 | 49 | 59 |
Not acquired by purchase | 62884 | 35500 | 27384 |
Value of Capital Improvements Properties with capital improvements between 1998 and 2000 |
232295 | 82226 | 150069 |
Less than $5,000 | 49177 | 17074 | 32104 |
$5,000 to $9,999 | 47614 | 21967 | 25647 |
$10,000 to $24,999 | 72087 | 28506 | 43581 |
$25,000 to $49,999 | 32001 | 8139 | 23862 |
$50,000 to $74,999 | 11397 | 3352 | 8045 |
$75,000 to $99,999 | 4220 | 1181 | 3038 |
$100,000 to $149,999 | 6969 | 954 | 6015 |
$150,000 to $199,999 | 3498 | 424 | 3075 |
$200,000 to $299,999 | 2085 | 286 | 1799 |
$300,000 or more | 3247 | 343 | 2903 |
Median | 14028 | 11090 | 15949 |
Mean | 93143 | 39550 | 122508 |
Properties with no capital improvements between 1998 and 2000 |
142023 | 56673 | 85350 |
Capital improvements not reported |
99096 | 41511 | 57585 |
Value of Capital Improvements Per Unit Properties with capital improvements between 1998 and 2000 |
232295 | 82226 | 150069 |
Less than $500 | 51925 | 18073 | 33852 |
$500 to $999 | 48063 | 14923 | 33140 |
$1,000 to $2,499 | 79888 | 33062 | 46826 |
$2,500 to $4,999 | 29591 | 11429 | 18162 |
$5,000 to $7,499 | 8369 | 2421 | 5948 |
$7,500 to $9,999 | 3949 | 1379 | 2570 |
$10,000 to $14,999 | 3772 | 237 | 3535 |
$15,000 to $19,999 | 2152 | 138 | 2015 |
$20,000 to $29,999 | 2619 | 343 | 2276 |
$30,000 or more | 1967 | 222 | 1745 |
Median | 1303 | 1368 | 1258 |
Mean | 9795 | 3254 | 13379 |
Properties with no capital improvements between 1998 and 2000 |
142023 | 56673 | 85350 |
Capital improvements not reported |
99096 | 41511 | 57585 |
Monthly Rental Receipts Per Housing Unit Acquired before 2000 |
414809 | 172254 | 242555 |
Less than $100 | 40294 | 23321 | 16973 |
$100 to $199 | 39461 | 17282 | 22180 |
$200 to $299 | 54741 | 21186 | 33556 |
$300 to $399 | 66648 | 31671 | 34977 |
$400 to $499 | 59695 | 23813 | 35882 |
$500 to $599 | 44933 | 16866 | 28066 |
$600 to $799 | 28599 | 8491 | 20108 |
$800 to $999 | 39732 | 16116 | 23617 |
$1000 or more | 38910 | 12450 | 26459 |
No rental receipts | 1796 | 1058 | 738 |
Median | 409 | 375 | 437 |
Mean | 1035 | 610 | 1336 |
Acquired 2000 and 2001 (part) | 58604 | 8155 | 50449 |
Rental Receipts as Percent of Value@8 Acquired before 2000 |
414809 | 172254 | 242555 |
Less than 5 percent | 14026 | 7040 | 6986 |
5 to 9 percent | 151512 | 65110 | 86402 |
10 to 14 percent | 111470 | 37620 | 73850 |
15 to 19 percent | 65541 | 25134 | 40407 |
20 to 24 percent | 27545 | 14148 | 13397 |
25 to 29 percent | 10520 | 4237 | 6283 |
30 to 39 percent | 10185 | 5699 | 4486 |
40 percent or more | 20508 | 10620 | 9888 |
Median | 12 | 12 | 12 |
Acquired 2000 and 2001 (part) | 58604 | 8155 | 50449 |
Rental Vacancy Losses as Percent of Potential Receipts Acquired before 2000 |
414809 | 172254 | 242555 |
Less than 1.0 percent | 71304 | 35365 | 35939 |
1.0 to 2.9 percent | 49920 | 14823 | 35097 |
3.0 to 4.9 percent | 44270 | 17019 | 27251 |
5.0 to 6.9 percent | 24132 | 9222 | 14910 |
7.0 to 8.9 percent | 21387 | 6991 | 14396 |
9.0 to 10.9 percent | 18522 | 6900 | 11622 |
11.0 to 12.9 percent | 7482 | 1592 | 5890 |
13.0 to 14.9 percent | 9488 | 4715 | 4774 |
15.0 percent or more | 43253 | 16119 | 27134 |
Not reported or not computed | 125049 | 59508 | 65541 |
Median | 4.1 | 3.7 | 4.3 |
Acquired 2000 and 2001 (part) | 58604 | 8155 | 50449 |
Age Restrictions Property restricted to people age 55 or older |
111082 | 47092 | 63990 |
Property not restricted to people age 55 or older |
339365 | 124006 | 215359 |
Not reported | 22966 | 9311 | 13655 |
Age Composition Over one-half the residents of the building age 55 or older |
23718 | 9686 | 14032 |
Over one-half the residents of the building not age 55 or older |
306032 | 108271 | 197761 |
Not reported | 143663 | 62452 | 81211 |
Meal Service Provided by Properties Exclusively or Predominantly Occupied by People Age 55 or Older Property provides meal service |
67402 | 30277 | 37125 |
Charge included in rent | 49260 | 21107 | 28153 |
Charge not included in rent | 250 | 139 | 111 |
Not reported | 17892 | 9030 | 8861 |
Property does not provide meal service |
34170 | 12291 | 21879 |
Not reported | 371842 | 137842 | 233999 |
Type of Property Benefits@1 Government-sponsored below-market interest rate mortgage loan |
14327 | 316 | 14011 |
Government rental subsidy | 51652 | 13273 | 38379 |
Government grant | 3036 | 1269 | 1767 |
Property tax relief | 7572 | 2386 | 5186 |
Federal income tax credit for low-income, old or historic properties |
7008 | 1335 | 5673 |
Accelerated federal income tax depreciation for low- and moderate-income properties |
1429 | 346 | 1082 |
Subsidy from a non-profit corporation | 1325 | 442 | 884 |
None of the above benefits | 350862 | 140709 | 210154 |
Not reported | 53138 | 22992 | 30146 |
Source of Property Benefits@1 With property benefits |
69413 | 16709 | 52704 |
Federal government | 48163 | 10499 | 37664 |
State government | 9841 | 2717 | 7124 |
Local government | 16050 | 4838 | 11212 |
Non-profit corporation | 1325 | 442 | 884 |
Not reported | 1766 | 554 | 1212 |
With no property benefits | 350862 | 140709 | 210154 |
Not reported | 53138 | 22992 | 30146 |
Reason for Benefits@1 With property benefits |
69413 | 16709 | 52704 |
Occupied by low- or moderate-income individuals |
55508 | 12398 | 43110 |
Occupied by elderly or disabled individuals |
20098 | 5248 | 14850 |
A historic structure | 1830 | 940 | 890 |
Located in a community development or economic development area |
3617 | 774 | 2843 |
Covered by a Homestead Exemption | 534 | 391 | 143 |
Covered by a Community Land Trust | 54 | 0 | 54 |
Covered by disaster relief | 540 | 0 | 540 |
Other reason | 1781 | 740 | 1041 |
Not reported | 3620 | 711 | 2908 |
With no property benefits | 350862 | 140709 | 210154 |
Not reported | 53138 | 22992 | 30146 |
Section 8 Rental Housing Certificates and Vouchers Property did or does have tenants receiving Section 8 assistance |
143378 | 42184 | 101194 |
Property has never had tenants receiving Section 8 assistance |
278699 | 116436 | 162263 |
Not reported | 51336 | 21789 | 29547 |
OWNER CHARACTERISTICS Type of Owner Individual investor(s) |
289918 | 116514 | 173404 |
Limited partnership | 70737 | 23995 | 46741 |
Joint venture | 5059 | 1655 | 3403 |
General partnership | 23481 | 7304 | 16178 |
Life insurance company | 570 | 313 | 257 |
Depository institution | 248 | 0 | 248 |
Public real estate investment trust | 1840 | 1238 | 602 |
Private real estate investment trust | 655 | 451 | 204 |
Corporation - other than real estate investment trust |
52917 | 18100 | 34818 |
Housing cooperative organization | 3053 | 1794 | 1259 |
Non-profit or church-related institution | 11617 | 5046 | 6571 |
Pension fund | 0 | 0 | 0 |
Fraternal organization | 46 | 38 | 8 |
Other | 13273 | 3961 | 9312 |
RECURRING EXPENSES Real Estate Tax Per Housing Unit Acquired before 2000 |
414809 | 172254 | 242555 |
Less than $100 | 43065 | 23068 | 19997 |
$100 to $199 | 38164 | 18994 | 19170 |
$200 to $299 | 49768 | 21898 | 27870 |
$300 to $399 | 50428 | 20565 | 29862 |
$400 to $499 | 43117 | 20037 | 23080 |
$500 to $599 | 35151 | 15856 | 19296 |
$600 to $699 | 25093 | 8360 | 16733 |
$700 to $799 | 23674 | 6437 | 17237 |
$800 to $899 | 18188 | 5794 | 12394 |
$900 to $999 | 11701 | 2497 | 9204 |
$1,000 to $1,249 | 22711 | 7376 | 15335 |
$1,250 to $1,499 | 12097 | 3837 | 8260 |
$1,500 to $1,999 | 13177 | 2974 | 10203 |
$2,000 to $2,499 | 4555 | 1585 | 2969 |
$2,500 or more | 9410 | 2270 | 7140 |
Not reported | 14509 | 10704 | 3805 |
Median | 443 | 382 | 497 |
Mean | 622 | 505 | 701 |
Acquired 2000 and 2001 (part) | 58604 | 8155 | 50449 |
Real Estate Tax Per $1,000 Value Acquired before 2000 |
414809 | 172254 | 242555 |
Less than $5 | 93808 | 46504 | 47303 |
$5 to $9 | 80083 | 28590 | 51493 |
$10 to $14 | 76225 | 24647 | 51578 |
$15 to $19 | 44347 | 18637 | 25710 |
$20 to $24 | 35455 | 12868 | 22587 |
$25 to $29 | 19251 | 6867 | 12384 |
$30 to $39 | 50413 | 23094 | 27320 |
$40 to $49 | 542 | 192 | 349 |
$50 to $59 | 0 | 0 | 0 |
$60 or more | 177 | 150 | 26 |
Not reported or not computed | 14509 | 10704 | 3805 |
Median | 12 | 11 | 12 |
Acquired 2000 and 2001 (part) | 58604 | 8155 | 50449 |
Real Estate Tax as Percent of Rental Receipts Acquired before 2000 |
414809 | 172254 | 242555 |
Less than 5 percent | 66506 | 31208 | 35298 |
5 to 9 percent | 146608 | 59813 | 86795 |
10 to 14 percent | 82509 | 32473 | 50036 |
15 to 19 percent | 47694 | 15609 | 32085 |
20 to 24 percent | 18873 | 7600 | 11274 |
25 to 29 percent | 10196 | 3360 | 6837 |
30 to 34 percent | 7341 | 1690 | 5651 |
35 to 39 percent | 2883 | 1413 | 1470 |
40 percent or more | 14284 | 5835 | 8449 |
Not reported or not computed | 17915 | 13254 | 4661 |
Median | 9 | 9 | 10 |
Acquired 2000 and 2001 (part) | 58604 | 8155 | 50449 |
Property Management Property managed by paid property management company |
199687 | 70444 | 129243 |
Property not managed by paid property management company |
232854 | 91263 | 141591 |
Not reported | 40872 | 18702 | 22170 |
Property Management and Administration Expenses Per Housing Unit Acquired before 2000 |
414809 | 172254 | 242555 |
Less than $100 | 8318 | 2850 | 5468 |
$100 to $199 | 14438 | 5412 | 9026 |
$200 to $299 | 22837 | 8130 | 14707 |
$300 to $399 | 23513 | 8150 | 15363 |
$400 to $499 | 20548 | 7984 | 12564 |
$500 to $599 | 16953 | 6442 | 10511 |
$600 to $699 | 13962 | 5840 | 8122 |
$700 to $799 | 9138 | 3021 | 6117 |
$800 to $899 | 6292 | 2566 | 3726 |
$900 to $999 | 3624 | 1449 | 2175 |
$1,000 to $1,249 | 8242 | 1826 | 6416 |
$1,250 to $1,499 | 5236 | 2419 | 2817 |
$1,500 to $1,999 | 7274 | 3464 | 3810 |
$2,000 to $2,499 | 2650 | 1372 | 1278 |
$2,500 or more | 9546 | 2316 | 7229 |
No expenses | 157687 | 67249 | 90437 |
Not reported or not computed | 84550 | 41763 | 42787 |
Median | 484 | 489 | 480 |
Acquired 2000 and 2001 (part) | 58604 | 8155 | 50449 |
Maintenance and Repair Expenses Per Housing Unit Acquired before 2000 |
414809 | 172254 | 242555 |
Less than $100 | 11843 | 6362 | 5481 |
$100 to $199 | 24597 | 9791 | 14806 |
$200 to $299 | 25791 | 8943 | 16848 |
$300 to $399 | 25308 | 9136 | 16173 |
$400 to $499 | 23902 | 9424 | 14478 |
$500 to $599 | 27507 | 13314 | 14193 |
$600 to $699 | 21264 | 9916 | 11349 |
$700 to $799 | 21624 | 6336 | 15288 |
$800 to $899 | 19638 | 8591 | 11047 |
$900 to $999 | 10948 | 3652 | 7296 |
$1,000 to $1,249 | 29728 | 12832 | 16896 |
$1,250 to $1,499 | 17692 | 5381 | 12311 |
$1,500 to $1,999 | 15873 | 5322 | 10551 |
$2,000 to $2,499 | 9370 | 3793 | 5577 |
$2,500 or more | 24750 | 8923 | 15827 |
No expenses | 11708 | 6389 | 5319 |
Not reported or not computed | 93266 | 44150 | 49116 |
Median | 675 | 639 | 705 |
Acquired 2000 and 2001 (part) | 58604 | 8155 | 50449 |
Utility and Fuel Expenses Per Housing Unit Acquired before 2000 |
414809 | 172254 | 242555 |
Less than $250 | 44188 | 16767 | 27421 |
$250 to $499 | 86787 | 34769 | 52018 |
$500 to $749 | 69517 | 26786 | 42731 |
$750 to $999 | 38770 | 14745 | 24025 |
$1,000 to $1,249 | 23629 | 8830 | 14799 |
$1,250 to $1,499 | 11135 | 5411 | 5724 |
$1,500 to $1,749 | 7129 | 3670 | 3459 |
$1,750 to $1,999 | 4399 | 1574 | 2825 |
$2,000 to $2,499 | 4646 | 2004 | 2642 |
$2,500 or more | 8738 | 1959 | 6779 |
No expenses | 26546 | 11538 | 15008 |
Not reported or not computed | 89324 | 44200 | 45124 |
Median | 567 | 563 | 569 |
Acquired 2000 and 2001 (part) | 58604 | 8155 | 50449 |