Census Bureau

American Housing Survey for the United States: 2001

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Residential Finance Survey: 2001 - Northeast
Table 3-1b. Mortgage Status, 2- to 4-Unit Homeowner 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^^

Mortgaged properties
Total properties Nonmortgaged properties Total mortgaged properties Properties with traditional
first mortgage@3		 Properties with home
equity line of credit only

2- to 4-housing-unit properties		 444 199 245 234 11

PROPERTY CHARACTERISTICS


Property Location by Geographic Area

Inside MAs		 395 184 211 204 7
In central cities 180 75 105 105 0
Not in central cities 215 109 106 100 7
Outside MAs 50 16 34 30 4

Manner of Acquisition

By purchase		 395 156 238 229 9
Placed one new mortgage 334 116 219 214 4
Placed two or more new mortgages 13 2 11 11 0
Assumed mortgage(s) already on property 7 7 0 0 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		 0 0 0 0 0
Paid all cash-no borrowing 36 27 8 3 5
Other manner 3 3 0 0 0
By inheritance or gift 43 41 2 0 2
By divorce 3 0 3 3 0
By some other manner 0 0 0 0 0
Not reported 4 2 2 2 0

Source of Downpayment@1

Properties purchased
1995 to 2001 (part)		 143 16 126 122 5
Sale of previous home 10 1 9 7 2
Sale of other real property or other
investments		 3 0 3 3 0
Savings 104 12 92 90 3
Borrowing from a retirement plan 20 0 20 17 3
Borrowing using assets other than this
property as collateral		 7 0 7 7 0
Proceeds from an insurance policy 1 0 1 1 0
Payments in a lease-purchase agreement 0 0 0 0 0
From a state or local government source 4 0 4 4 0
From a non-profit organization 0 0 0 0 0
From parents or relatives 23 4 19 19 0
Other 0 0 0 0 0
No downpayment required 9 2 7 7 0
Not reported 1 0 1 1 0
Other properties 298 181 117 111 6
Not reported 4 2 2 2 0

Year Property Acquired

1999 to 2001 (part)		 63 16 46 46 0
1997 and 1998 49 8 40 38 2
1995 and 1996 50 6 45 42 3
1990 to 1994 60 12 48 48 0
1985 to 1989 40 14 27 23 4
1980 to 1984 33 18 15 15 0
1975 to 1979 20 16 4 4 0
1970 to 1974 29 16 13 11 2
1969 or earlier 101 94 7 7 0

Building and Land Acquisition

Acquired at same time		 409 179 230 221 9
Not acquired at same time 14 10 4 2 2
Land not owned by building owner 6 2 4 4 0
Not reported 15 8 7 7 0

Property New or Previously Occupied When
Acquired

Acquired by purchase		 395 156 238 229 9
New 40 23 16 14 2
Previously occupied by someone else 343 127 216 210 7
Converted from non-residential use 4 4 0 0 0
Other 2 0 2 2 0
Not reported 6 2 3 3 0
Other properties 46 41 5 3 2
Not reported 4 2 2 2 0

Year Structure Built

1999 to March 2000		 8 3 5 5 0
1997 and 1998 4 0 4 2 2
1995 and 1996 1 0 1 1 0
1990 to 1994 10 2 8 8 0
1980 to 1989 13 7 6 4 2
1970 to 1979 17 7 10 10 0
1960 to 1969 29 14 15 15 0
1950 to 1959 32 16 16 16 0
1940 to 1949 46 25 20 20 0
1939 or earlier 286 125 161 154 7

Purchase Price Per Housing Unit@8

Properties acquired by
purchase 1997 to 2001 (part)		 93 11 82 80 2
Less than $20,000 14 5 9 9 0
$20,000 to $39,999 27 3 24 24 0
$40,000 to $59,999 21 0 21 21 0
$60,000 to $79,999 15 3 12 10 2
$80,000 to $99,999 1 0 1 1 0
$100,000 to $124,999 4 0 4 4 0
$125,000 to $149,999 1 0 1 1 0
$150,000 to $174,999 1 0 1 1 0
$175,000 to $199,999 8 0 8 8 0
$200,000 to $249,999 0 0 0 0 0
$250,000 to $299,999 0 0 0 0 0
$300,000 to $499,999 0 0 0 0 0
$500,000 or more 0 0 0 0 0
Median 44493 24074 47017 46038 70000
Mean 58558 33848 61850 61722 66667
Other properties 352 189 163 154 9

Value

Less than $20,000		 0 0 0 0 0
$20,000 to $39,999 22 8 13 11 2
$40,000 to $59,999 35 13 22 17 5
$60,000 to $79,999 32 13 19 19 0
$80,000 to $99,999 41 19 22 22 0
$100,000 to $124,999 48 12 36 36 0
$125,000 to $149,999 20 12 9 9 0
$150,000 to $174,999 49 23 26 26 0
$175,000 to $199,999 23 5 19 16 2
$200,000 to $249,999 56 34 21 21 0
$250,000 to $299,999 29 17 12 12 0
$300,000 to $499,999 72 30 42 40 2
$500,000 or more 17 14 4 4 0
Median 162130 174572 151244 152342 54908
Mean 219194 217961 220198 224720 123428

Value Per Housing Unit@8

Less than $20,000		 27 11 15 13 2
$20,000 to $39,999 88 35 53 48 5
$40,000 to $59,999 70 25 45 45 0
$60,000 to $79,999 60 26 34 34 0
$80,000 to $99,999 36 12 24 21 2
$100,000 to $124,999 64 39 26 23 2
$125,000 to $149,999 26 16 10 10 0
$150,000 to $174,999 20 11 9 9 0
$175,000 to $199,999 12 9 3 3 0
$200,000 to $249,999 31 6 26 26 0
$250,000 to $299,999 0 0 0 0 0
$300,000 to $499,999 6 6 0 0 0
$500,000 or more 4 2 2 2 0
Median 72667 82850 65888 66577 34908
Mean 102395 100023 104324 106774 51889

Purchase Price as Percent of Value@8

Acquired by purchase		 395 156 238 229 9
Purchased 1997 to 2001 (part) 93 11 82 80 2
Less than 60 percent 19 2 17 17 0
60 to 69 percent 12 3 8 6 2
70 to 79 percent 5 3 2 2 0
80 to 99 percent 36 3 33 33 0
100 percent or more 20 0 20 20 0
Median 85 70 87 88 65
Purchased 1990 to 1996 (part) 102 9 93 90 3
Less than 40 percent 13 1 13 10 3
40 to 59 percent 14 3 12 12 0
60 to 79 percent 39 4 35 35 0
80 to 99 percent 18 0 18 18 0
100 percent or more 18 2 16 16 0
Median 72 66 72 73 40-
Purchased 1989 or earlier 200 137 63 59 4
Less than 20 percent 79 66 13 13 0
20 to 39 percent 57 37 20 18 2
40 to 59 percent 13 9 4 4 0
60 to 79 percent 26 17 10 10 0
80 to 99 percent 14 8 6 6 0
100 percent or more 11 1 10 8 2
Median 27 21 38 38 38
Not acquired by purchase 50 43 7 5 2

Value of Capital Improvements

Properties with capital
improvements between 1998
and 2000		 259 100 159 152 7
Less than $500 6 6 0 0 0
$500 to $999 7 7 0 0 0
$1,000 to $2,499 30 16 14 12 2
$2,500 to $4,999 63 29 34 31 3
$5,000 to $7,499 35 17 17 17 0
$7,500 to $9,999 21 4 17 17 0
$10,000 to $14,999 28 10 19 19 0
$15,000 to $19,999 19 2 18 16 2
$20,000 to $29,999 24 7 17 17 0
$30,000 or more 25 1 24 24 0
Median 6682 4270 9683 9886 3684
Mean 12965 8177 15961 16340 7582
Properties with no capital
improvements between 1998 and 2000		 150 89 60 60 0
Capital improvements not
reported		 36 10 25 21 4

Value of Capital Improvements Per Unit

Properties with capital
improvements between 1998
and 2000		 259 100 159 152 7
Less than $500 16 16 0 0 0
$500 to $999 19 8 11 11 0
$1,000 to $2,499 79 38 41 36 5
$2,500 to $4,999 57 24 33 33 0
$5,000 to $7,499 24 5 19 19 0
$7,500 to $9,999 21 4 17 15 2
$10,000 to $14,999 25 4 22 22 0
$15,000 to $19,999 5 0 5 5 0
$20,000 to $29,999 4 0 4 4 0
$30,000 or more 9 1 8 8 0
Median 3205 2018 4628 4731 2074
Mean 5954 3750 7332 7493 3791
Properties with no capital
improvements between 1998 and 2000		 150 89 60 60 0
Capital improvements not
reported		 36 10 25 21 4

Age Restrictions

Property located in subdivision
restricted to people age 55 or older		 0 0 0 0 0
Property located in subdivision not
restricted to people age 55 or older		 421 189 232 223 9
Not reported 24 10 13 11 2

Neighborhood Composition

Property located in subdivision or
neighborhood occupied predominantly by
people age 55 or older		 61 29 32 32 0
Property located in subdivision or
neighborhood not occupied predominantly
by people age 55 or older		 264 110 154 147 7
Don't know or not reported 120 60 60 56 4

Type of Property Benefits@1

Government-sponsored below-market
interest rate mortgage loan		 15 0 15 15 0
Other government grant or subsidy 2 0 2 2 0
Property tax relief 41 14 26 24 2
Subsidy from a non-profit corporation 1 0 1 1 0
None of the above benefits 287 133 155 148 7
Not reported 98 52 46 44 2

Source of Property Benefits@1

With property benefits		 59 14 45 42 2
Federal government 10 2 8 8 0
State government 23 4 20 20 0
Local government 28 13 15 13 2
Non-profit corporation 1 0 1 1 0
Not reported 6 0 6 6 0
With no property benefits 287 133 155 148 7
Not reported 98 52 46 44 2

Reason for Benefits@1

With property benefits		 59 14 45 42 2
Occupied by low- or moderate-income
individuals		 12 0 12 12 0
Occupied by elderly or disabled
individuals		 22 13 9 9 0
A historic structure 3 0 3 3 0
Located in a community development or
economic development area		 5 0 5 5 0
Covered by a Homestead Exemption 5 0 5 3 2
Covered by a Community Land Trust 0 0 0 0 0
Covered by disaster relief 0 0 0 0 0
Other reason 20 2 19 19 0
Not reported 0 0 0 0 0
With no property benefits 287 133 155 148 7
Not reported 98 52 46 44 2

OWNER CHARACTERISTICS


Owner Status

1 owner		 236 115 120 113 7
2 owners 200 80 120 116 4
3 or more owners 9 4 5 5 0

Age of Owner

Under 25		 3 0 3 3 0
25 to 34 55 0 55 52 3
35 to 44 47 10 37 37 0
45 to 54 77 16 61 61 0
55 to 64 74 39 35 31 4
65 to 74 74 52 22 22 0
75 and over 83 72 11 9 2
Not reported 32 11 21 19 2
Median 58 70 47 47 59

Race of Owner

White alone		 398 182 216 205 11
Black or African American alone 35 10 24 24 0
American Indian or Alaska Native alone 0 0 0 0 0
Asian alone 6 4 3 3 0
Native Hawaiian or Other Pacific
Islander alone		 2 2 0 0 0
Two or more races 4 2 2 2 0

Sex of Owner

Male/Male and female co-owners		 293 122 171 164 7
Female 151 77 74 70 4

Hispanic/Latino Origin

Hispanic/Latino owner(s) only		 37 8 29 29 0
No Hispanic/Latino owner(s) 408 192 216 205 11

Veteran Status@1

Veteran		 75 39 36 34 2
Active member of Reserves or National
Guard for at least 6 years		 7 2 5 3 2
Persian Gulf War or after
(August 1990 to present)		 0 0 0 0 0
Vietnam or after
(August 1964 to July 1990)		 26 6 20 20 0
Korean conflict or after
(July 1950 to July 1964)		 22 11 12 12 0
World War II or after
(September 1940 to June 1950)		 30 26 4 4 0
Nonveteran 338 153 185 178 7
Not reported 31 8 23 21 2

Income

Less than $5,000		 38 23 16 16 0
$5,000 to $9,999 0 0 0 0 0
$10,000 to $14,999 37 22 15 13 2
$15,000 to $19,999 38 25 13 10 2
$20,000 to $24,999 29 17 12 12 0
$25,000 to $29,999 37 22 15 15 0
$30,000 to $34,999 20 10 10 10 0
$35,000 to $39,999 30 19 11 11 0
$40,000 to $49,999 47 17 30 24 7
$50,000 to $59,999 32 13 19 19 0
$60,000 to $79,999 64 9 55 55 0
$80,000 to $99,999 31 9 22 22 0
$100,000 to $119,999 9 0 9 9 0
$120,000 or more 32 12 19 19 0
Median 38795 27825 50668 53589 41759
Mean 56047 41483 67895 69545 32579

Owned Home Previously

Previously owned home		 158 76 82 77 5
Never owned home before 260 114 147 143 4
Not reported 27 10 17 15 2

RECURRING EXPENSES


Real Estate Tax Per Housing Unit

Acquired before 2000		 407 192 215 204 11
Less than $100 51 22 29 27 2
$100 to $199 1 0 1 1 0
$200 to $299 10 8 2 0 2
$300 to $399 19 12 6 4 3
$400 to $499 12 4 8 8 0
$500 to $599 22 14 8 8 0
$600 to $699 21 6 15 15 0
$700 to $799 25 12 13 10 2
$800 to $899 30 9 20 20 0
$900 to $999 29 6 22 22 0
$1,000 to $1,249 38 27 11 11 0
$1,250 to $1,499 33 19 14 14 0
$1,500 to $1,999 39 19 20 20 0
$2,000 to $2,499 21 2 19 19 0
$2,500 or more 51 26 25 25 0
Not reported 7 5 2 0 2
Median 936 1000 917 937 312
Mean 1215 1209 1220 1259 341
Acquired 2000 and 2001 (part) 37 7 30 30 0

Real Estate Tax Per $1,000 Value

Acquired before 2000		 407 192 215 204 11
Less than $5 71 28 43 41 2
$5 to $9 54 33 22 20 2
$10 to $14 65 39 27 22 5
$15 to $19 62 21 41 41 0
$20 to $24 42 18 24 24 0
$25 to $29 38 15 23 23 0
$30 to $39 62 31 31 31 0
$40 to $49 0 0 0 0 0
$50 to $59 2 2 0 0 0
$60 or more 3 0 3 3 0
Not reported or not computed 7 5 2 0 2
Median 15 14 16 17 10
Acquired 2000 and 2001 (part) 37 7 30 30 0
@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.
@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.
@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.
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Last Revised: Wednesday, 07-Dec-2005 11:21:19 EST