Census Bureau

American Housing Survey for the United States: 2001

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Residential Finance Survey: 2001 - Northeast
Table 6-1b. Mortgage Status, Rental and Vacant 5- to 49-Housing-Unit Properties
^Number of properties. 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.
Monthly Rental Receipts Per Housing Unit, 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^^

Total properties Nonmortgaged properties Mortgaged properties

5-to-49-housing-unit properties		 111831 46160 65671

PROPERTY CHARACTERISTICS


Property Location by Geographic Area

Inside MAs		 100492 42747 57746
In central cities 57664 23972 33692
Not in central cities 42828 18775 24054
Outside MAs 11338 3414 7925

Number of Housing Units

5 to 9 housing units		 65765 29536 36229
10 to 19 housing units 23115 10886 12228
20 to 29 housing units 10832 3228 7605
30 to 39 housing units 6668 1188 5479
40 to 49 housing units 5451 1322 4129

Manner of Acquisition

By purchase		 96414 37259 59155
Placed one new mortgage 64830 19666 45164
Placed two or more new mortgages 9013 1832 7181
Assumed mortgage(s) already on property 5997 2659 3337
Assumed mortgage(s) already on property
and placed new mortgage		 1810 703 1107
Borrowed using assets other than this
property as collateral		 3492 2533 959
Paid all cash-no borrowing 7077 6377 700
Other manner 4195 3489 706
By inheritance or gift 6644 3741 2903
By divorce 80 0 80
By tax free exchange of
other property		 0 0 0
By foreclosure or assignment 2061 1122 939
By some other manner 2459 1373 1086
Not reported 4173 2665 1508

Source of Downpayment@1

Properties purchased
1995 to 2001 (part)		 34228 4183 30046
Sale of stock or other partnership
shares for this project		 675 41 634
Sale of previously owned stocks,
shares, or other securities		 1512 217 1295
Sale of land or other real estate 2218 0 2218
Owner's cash, bank deposits,
share accounts, or bonds		 17784 1021 16763
Borrowing from a retirement plan 0 0 0
Borrowing using assets other than this
property as collateral		 3049 563 2487
Proceeds from an insurance policy 0 0 0
From a state or local government source 663 238 425
From a non-profit organization 181 0 181
Proceeds from sale of tax credits 701 238 463
From parents or relatives 1303 81 1222
Other cash source 768 265 503
Non-cash source 517 349 168
No downpayment required 3326 533 2794
Not reported 4058 1036 3022
Other properties 75519 41215 34304
Not reported 2084 763 1321

Year Property Acquired

1999 to 2001 (part)		 22812 3309 19502
1997 and 1998 10633 1320 9312
1995 and 1996 8069 2283 5787
1990 to 1994 12711 5394 7317
1985 to 1989 15506 7146 8360
1980 to 1984 11401 5660 5741
1975 to 1979 8682 6040 2641
1970 to 1974 10390 6383 4007
1969 or earlier 11627 8624 3003

Building and Land Acquisition

Acquired at same time		 97726 39892 57834
Not acquired at same time 8435 3279 5156
Land not owned by building owner 1388 901 486
Not reported 4282 2088 2194

Property New or Previously Owned When
Acquired

Acquired by purchase		 96414 37259 59155
New 10405 3100 7305
Previously owned 83821 33315 50506
As residential property 76186 29389 46797
Converted from nonresidential use 7635 3927 3709
Other 1746 843 903
Not reported 442 0 442
Other properties 11244 6237 5008
Not reported 4173 2665 1508

Year Structure Built

1999 to March 2000		 4259 1627 2632
1997 and 1998 1118 493 624
1995 and 1996 1254 490 763
1990 to 1994 2100 633 1468
1980 to 1989 6550 1556 4994
1970 to 1979 9581 4537 5044
1960 to 1969 9185 3750 5434
1950 to 1959 6437 2084 4353
1940 to 1949 9232 2899 6333
1939 or earlier 62115 28090 34025

Purchase Price Per Housing Unit@8

Properties acquired by
purchase 1997 to 2001 (part)		 28275 2583 25692
Less than $20,000 9667 653 9015
$20,000 to $39,999 10517 1035 9481
$40,000 to $59,999 4078 468 3610
$60,000 to $79,999 1668 107 1561
$80,000 to $99,999 751 0 751
$100,000 to $124,999 61 0 61
$125,000 to $149,999 490 0 490
$150,000 to $174,999 0 0 0
$175,000 to $199,999 44 0 44
$200,000 to $249,999 0 0 0
$250,000 to $299,999 52 0 52
$300,000 to $499,999 502 320 182
$500,000 or more 243 0 243
Median 28309 32340 27869
Mean 43189 78864 39574
Other properties 83556 43577 39978

Value

Less than $100,000		 9452 5320 4132
$100,000 to $199,999 19712 8835 10877
$200,000 to $299,999 15987 7480 8507
$300,000 to $399,999 15222 7578 7644
$400,000 to $499,999 8004 3418 4586
$500,000 to $749,999 11485 4416 7069
$750,000 to $999,999 8019 1447 6572
$1,000,000 to $1,499,999 8366 1831 6535
$1,500,000 to $1,999,999 4628 1472 3156
$2,000,000 to $2,999,999 4017 1639 2379
$3,000,000 to $3,999,999 2980 1328 1652
$4,000,000 to $4,999,999 850 136 714
$5,000,000 or more 3107 1259 1848
Median 370718 319078 436527
Mean 843590 781371 887324

Value Per Housing Unit@8

Less than $20,000		 20839 10566 10273
$20,000 to $39,999 37264 15411 21853
$40,000 to $59,999 20478 7466 13012
$60,000 to $79,999 14290 4758 9532
$80,000 to $99,999 4621 1682 2939
$100,000 to $124,999 3548 1478 2070
$125,000 to $149,999 3400 882 2518
$150,000 to $174,999 1266 429 837
$175,000 to $199,999 402 118 284
$200,000 to $249,999 1039 868 171
$250,000 to $299,999 883 385 499
$300,000 to $499,999 1990 991 999
$500,000 or more 1810 1126 685
Median 38826 36240 41091
Mean 64076 67400 61740

Purchase Price as Percent of Value@8

Acquired by purchase		 96414 37259 59155
Purchased 1997 to 2001 (part) 28275 2583 25692
Less than 60 percent 3725 0 3725
60 to 69 percent 2508 0 2508
70 to 79 percent 2498 0 2498
80 to 99 percent 7427 0 7427
100 percent or more 11916 2583 9333
Median 94 4651 91
Purchased 1990 to 1996 (part) 16927 5888 11039
Less than 40 percent 3795 2554 1241
40 to 59 percent 2902 898 2004
60 to 79 percent 3596 806 2790
80 to 99 percent 3524 1073 2451
100 percent or more 2907 354 2554
Median 69 46 76
Purchased 1989 or earlier 51211 28788 22424
Less than 20 percent 13875 8258 5617
20 to 39 percent 9279 6005 3274
40 to 59 percent 10149 6139 4010
60 to 79 percent 3523 1882 1641
80 to 99 percent 3782 1755 2027
100 percent or more 10260 4405 5855
Median 44 40 52
Not acquired by purchase 15417 8901 6516

Value of Capital Improvements

Properties with capital
improvements between 1998
and 2000		 61818 24767 37051
Less than $5,000 12452 5583 6869
$5,000 to $9,999 11137 6500 4637
$10,000 to $24,999 18568 8185 10383
$25,000 to $49,999 9076 3014 6061
$50,000 to $74,999 3632 596 3036
$75,000 to $99,999 1610 458 1152
$100,000 to $149,999 2077 206 1871
$150,000 to $199,999 1996 117 1879
$200,000 to $299,999 688 55 632
$300,000 or more 583 52 531
Median 15913 10550 20141
Mean 39037 18040 53073
Properties with no capital
improvements between 1998 and 2000		 30234 12856 17378
Capital improvements not
reported		 19779 8537 11242

Value of Capital Improvements Per Unit

Properties with capital
improvements between 1998
and 2000		 61818 24767 37051
Less than $500 11668 6206 5462
$500 to $999 12794 3403 9391
$1,000 to $2,499 21673 11334 10340
$2,500 to $4,999 8294 2425 5868
$5,000 to $7,499 2484 1031 1453
$7,500 to $9,999 905 323 582
$10,000 to $14,999 2482 0 2482
$15,000 to $19,999 304 0 304
$20,000 to $29,999 818 0 818
$30,000 or more 396 44 352
Median 1446 1367 1533
Mean 2940 1622 3821
Properties with no capital
improvements between 1998 and 2000		 30234 12856 17378
Capital improvements not
reported		 19779 8537 11242

Monthly Rental Receipts Per Housing Unit

Acquired before 2000		 95107 44762 50345
Less than $100 9167 5336 3831
$100 to $199 6951 3987 2964
$200 to $299 10805 3516 7289
$300 to $399 11020 6343 4676
$400 to $499 17306 7529 9777
$500 to $599 12361 6374 5987
$600 to $799 6262 1813 4449
$800 to $999 10808 4542 6266
$1000 or more 10183 5079 5105
No rental receipts 243 243 0
Median 455 441 466
Mean 814 809 819
Acquired 2000 and 2001 (part) 16724 1398 15326

Rental Receipts as Percent of Value@8

Acquired before 2000		 95107 44762 50345
Less than 5 percent 3165 1445 1720
5 to 9 percent 29918 15896 14022
10 to 14 percent 22240 7997 14243
15 to 19 percent 17450 7541 9909
20 to 24 percent 9054 4737 4317
25 to 29 percent 4073 1585 2488
30 to 39 percent 2763 1514 1249
40 percent or more 5946 3549 2396
Median 13 13 13
Acquired 2000 and 2001 (part) 16724 1398 15326

Rental Vacancy Losses as Percent of
Potential Receipts

Acquired before 2000		 95107 44762 50345
Less than 1.0 percent 19210 10938 8272
1.0 to 2.9 percent 8665 2664 6001
3.0 to 4.9 percent 10410 4143 6267
5.0 to 6.9 percent 4471 2012 2459
7.0 to 8.9 percent 4859 1755 3104
9.0 to 10.9 percent 2191 642 1549
11.0 to 12.9 percent 1131 747 384
13.0 to 14.9 percent 2307 1071 1237
15.0 percent or more 11350 5312 6039
Not reported or not computed 30513 15479 15034
Median 3.8 3.5 4.1
Acquired 2000 and 2001 (part) 16724 1398 15326

Age Restrictions

Property restricted to people
age 55 or older		 21942 10081 11861
Property not restricted to people
age 55 or older		 84141 33884 50257
Not reported 5747 2195 3552

Age Composition

Over one-half the residents of the
building age 55 or older		 5399 2390 3009
Over one-half the residents of the
building not age 55 or older		 78603 30354 48249
Not reported 27829 13416 14413

Meal Service Provided by Properties
Exclusively or Predominantly Occupied by
People Age 55 or Older

Property provides meal service		 14052 5670 8382
Charge included in rent 9349 3374 5974
Charge not included in rent 32 0 32
Not reported 4671 2296 2375
Property does not provide meal
service		 6894 3197 3696
Not reported 90885 37293 53593

Type of Property Benefits@1

Government-sponsored below-market
interest rate mortgage loan		 3699 273 3427
Government rental subsidy 14684 4090 10594
Government grant 1276 806 470
Property tax relief 2928 1237 1690
Federal income tax credit for
low-income, old or historic properties		 1821 995 825
Accelerated federal income tax
depreciation for low- and
moderate-income properties		 592 346 246
Subsidy from a non-profit corporation 493 137 356
None of the above benefits 81540 34259 47281
Not reported 9923 5830 4093

Source of Property Benefits@1

With property benefits		 20368 6071 14297
Federal government 15055 4476 10578
State government 3026 712 2314
Local government 3383 1857 1526
Non-profit corporation 493 137 356
Not reported 534 233 300
With no property benefits 81540 34259 47281
Not reported 9923 5830 4093

Reason for Benefits@1

With property benefits		 20368 6071 14297
Occupied by low- or moderate-income
individuals		 14847 4228 10619
Occupied by elderly or disabled
individuals		 5462 1435 4027
A historic structure 822 763 59
Located in a community development or
economic development area		 1556 693 863
Covered by a Homestead Exemption 0 0 0
Covered by a Community Land Trust 0 0 0
Covered by disaster relief 0 0 0
Other reason 1526 678 848
Not reported 1032 376 656
With no property benefits 81540 34259 47281
Not reported 9923 5830 4093

Section 8 Rental Housing Certificates
and Vouchers

Property did or does have tenants
receiving Section 8 assistance		 37164 11685 25479
Property has never had tenants
receiving Section 8 assistance		 65620 29419 36201
Not reported 9047 5057 3990

OWNER CHARACTERISTICS


Type of Owner

Individual investor(s)		 67212 29896 37316
Limited partnership 14361 4977 9383
Joint venture 2026 1316 710
General partnership 4597 1346 3251
Life insurance company 279 279 0
Depository institution 0 0 0
Public real estate investment trust 432 424 8
Private real estate investment trust 181 97 84
Corporation - other than real estate
investment trust		 17233 4872 12361
Housing cooperative organization 1625 919 706
Non-profit or church-related institution 1711 802 908
Pension fund 0 0 0
Fraternal organization 0 0 0
Other 2173 1230 944

RECURRING EXPENSES


Real Estate Tax Per Housing Unit

Acquired before 2000		 95107 44762 50345
Less than $100 8752 5886 2866
$100 to $199 5029 2393 2636
$200 to $299 4041 2335 1706
$300 to $399 8719 4839 3880
$400 to $499 8562 4756 3806
$500 to $599 8352 4475 3877
$600 to $699 8330 3376 4954
$700 to $799 6024 1300 4724
$800 to $899 4469 2247 2222
$900 to $999 5483 1512 3971
$1,000 to $1,249 8220 3291 4929
$1,250 to $1,499 4077 2496 1581
$1,500 to $1,999 6260 1535 4724
$2,000 to $2,499 2171 867 1304
$2,500 or more 4336 1723 2612
Not reported 2283 1730 552
Median 636 529 725
Mean 864 746 965
Acquired 2000 and 2001 (part) 16724 1398 15326

Real Estate Tax Per $1,000 Value

Acquired before 2000		 95107 44762 50345
Less than $5 15461 9141 6320
$5 to $9 7569 3785 3784
$10 to $14 15779 6324 9455
$15 to $19 10268 4451 5817
$20 to $24 12835 6865 5970
$25 to $29 8195 2550 5646
$30 to $39 22341 9916 12425
$40 to $49 349 0 349
$50 to $59 0 0 0
$60 or more 26 0 26
Not reported or not computed 2283 1730 552
Median 19 18 20
Acquired 2000 and 2001 (part) 16724 1398 15326

Real Estate Tax as Percent of Rental
Receipts

Acquired before 2000		 95107 44762 50345
Less than 5 percent 10649 5956 4693
5 to 9 percent 23993 11278 12715
10 to 14 percent 22867 12419 10448
15 to 19 percent 16315 5945 10369
20 to 24 percent 7580 3492 4089
25 to 29 percent 3463 552 2911
30 to 34 percent 2331 932 1399
35 to 39 percent 789 288 501
40 percent or more 4340 1672 2668
Not reported or not computed 2780 2228 552
Median 13 12 14
Acquired 2000 and 2001 (part) 16724 1398 15326

Property Management

Property managed by paid property
management company		 38130 13953 24177
Property not managed by paid property
management company		 66935 27802 39133
Not reported 6765 4405 2360

Property Management and Administration
Expenses Per Housing Unit

Acquired before 2000		 95107 44762 50345
Less than $100 2519 560 1959
$100 to $199 3043 1530 1513
$200 to $299 3138 1664 1474
$300 to $399 4154 743 3411
$400 to $499 3614 273 3341
$500 to $599 3521 1410 2111
$600 to $699 2537 1515 1022
$700 to $799 3295 1687 1607
$800 to $899 1807 705 1102
$900 to $999 962 563 399
$1,000 to $1,249 2400 507 1894
$1,250 to $1,499 1214 684 529
$1,500 to $1,999 2499 1310 1189
$2,000 to $2,499 864 768 96
$2,500 or more 1561 487 1074
No expenses 42096 22387 19709
Not reported or not computed 15884 7969 7916
Median 560 668 490
Acquired 2000 and 2001 (part) 16724 1398 15326

Maintenance and Repair Expenses
Per Housing Unit

Acquired before 2000		 95107 44762 50345
Less than $100 3529 2378 1152
$100 to $199 6230 2206 4024
$200 to $299 5467 2208 3259
$300 to $399 4094 2090 2005
$400 to $499 5427 3232 2195
$500 to $599 6545 3390 3155
$600 to $699 5291 3091 2201
$700 to $799 4818 1474 3344
$800 to $899 5217 1770 3447
$900 to $999 2547 1112 1435
$1,000 to $1,249 8417 4028 4390
$1,250 to $1,499 5906 1675 4231
$1,500 to $1,999 3914 1788 2125
$2,000 to $2,499 3058 1044 2015
$2,500 or more 6211 3114 3097
No expenses 2133 979 1155
Not reported or not computed 16301 9186 7116
Median 736 658 791
Acquired 2000 and 2001 (part) 16724 1398 15326

Utility and Fuel Expenses Per Housing Unit

Acquired before 2000		 95107 44762 50345
Less than $250 7516 3312 4204
$250 to $499 12775 5858 6917
$500 to $749 12546 5382 7164
$750 to $999 14156 6999 7157
$1,000 to $1,249 9773 4402 5371
$1,250 to $1,499 5021 2405 2617
$1,500 to $1,749 4814 2503 2311
$1,750 to $1,999 1902 845 1057
$2,000 to $2,499 3174 1355 1819
$2,500 or more 2814 1156 1658
No expenses 4283 883 3399
Not reported or not computed 16332 9661 6671
Median 828 841 815
Acquired 2000 and 2001 (part) 16724 1398 15326
@1Detail does not add to total because more than one answer accepted.
@8May not add to total because not reported and not calculated are not included.
@8May not add to total because not reported and not calculated are not included.
@8May not add to total because not reported and not calculated are not included.
@8May not add to total because not reported and not calculated are not included.
@1Detail does not add to total because more than one answer accepted.
@1Detail does not add to total because more than one answer accepted.
@1Detail does not add to total because more than one answer accepted.

Table of contents

Source: U.S. Census Bureau, American Housing Survey Branch

Contact the AHS staff at (301) 763-3235 or e-mail to ahsn@census.gov for further information on the
American Housing Survey.
Go to American Housing Survey for the United States: 2002
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Last Revised: Wednesday, 07-Dec-2005 11:18:39 EST