Residential Finance Survey |
|
Total properties | Nonmortgaged properties | Mortgaged properties | |
---|---|---|---|
5-to-49-housing-unit properties |
150557 | 51264 | 99293 |
PROPERTY CHARACTERISTICS Property Location by Geographic Area Inside MAs |
137507 | 48551 | 88955 |
In central cities | 82790 | 28973 | 53816 |
Not in central cities | 54717 | 19578 | 35139 |
Outside MAs | 13050 | 2712 | 10338 |
Number of Housing Units 5 to 9 housing units |
81812 | 32948 | 48864 |
10 to 19 housing units | 37622 | 11839 | 25783 |
20 to 29 housing units | 16258 | 3429 | 12829 |
30 to 39 housing units | 8766 | 1893 | 6872 |
40 to 49 housing units | 6100 | 1155 | 4945 |
Manner of Acquisition By purchase |
129378 | 40133 | 89245 |
Placed one new mortgage | 92890 | 21035 | 71854 |
Placed two or more new mortgages | 7251 | 1493 | 5759 |
Assumed mortgage(s) already on property | 10143 | 2669 | 7474 |
Assumed mortgage(s) already on property and placed new mortgage |
3787 | 1661 | 2127 |
Borrowed using assets other than this property as collateral |
1784 | 1236 | 549 |
Paid all cash-no borrowing | 8762 | 7655 | 1107 |
Other manner | 4760 | 4384 | 376 |
By inheritance or gift | 6648 | 5729 | 918 |
By divorce | 187 | 0 | 187 |
By tax free exchange of other property |
3470 | 650 | 2820 |
By foreclosure or assignment | 935 | 612 | 322 |
By some other manner | 1861 | 920 | 941 |
Not reported | 8079 | 3220 | 4860 |
Source of Downpayment@1 Properties purchased 1995 to 2001 (part) |
46443 | 5755 | 40688 |
Sale of stock or other partnership shares for this project |
1556 | 113 | 1443 |
Sale of previously owned stocks, shares, or other securities |
1345 | 65 | 1280 |
Sale of land or other real estate | 8483 | 374 | 8109 |
Owner's cash, bank deposits, share accounts, or bonds |
25034 | 3374 | 21660 |
Borrowing from a retirement plan | 1330 | 0 | 1330 |
Borrowing using assets other than this property as collateral |
2915 | 237 | 2679 |
Proceeds from an insurance policy | 362 | 0 | 362 |
From a state or local government source | 553 | 38 | 515 |
From a non-profit organization | 98 | 0 | 98 |
Proceeds from sale of tax credits | 101 | 0 | 101 |
From parents or relatives | 1242 | 466 | 775 |
Other cash source | 847 | 0 | 847 |
Non-cash source | 194 | 0 | 194 |
No downpayment required | 2467 | 945 | 1522 |
Not reported | 5727 | 901 | 4826 |
Other properties | 99946 | 44486 | 55460 |
Not reported | 4168 | 1023 | 3145 |
Year Property Acquired 1999 to 2001 (part) |
27291 | 3694 | 23597 |
1997 and 1998 | 16206 | 1941 | 14265 |
1995 and 1996 | 11798 | 3871 | 7927 |
1990 to 1994 | 19823 | 3940 | 15883 |
1985 to 1989 | 20784 | 4401 | 16383 |
1980 to 1984 | 11228 | 4827 | 6402 |
1975 to 1979 | 14013 | 6422 | 7591 |
1970 to 1974 | 13957 | 9057 | 4900 |
1969 or earlier | 15456 | 13110 | 2346 |
Building and Land Acquisition Acquired at same time |
125743 | 39039 | 86704 |
Not acquired at same time | 16317 | 8316 | 8001 |
Land not owned by building owner | 1422 | 686 | 736 |
Not reported | 7075 | 3223 | 3852 |
Property New or Previously Owned When Acquired Acquired by purchase |
129378 | 40133 | 89245 |
New | 22273 | 10501 | 11772 |
Previously owned | 104999 | 28306 | 76693 |
As residential property | 100241 | 26916 | 73325 |
Converted from nonresidential use | 4758 | 1390 | 3368 |
Other | 767 | 287 | 480 |
Not reported | 1339 | 1039 | 300 |
Other properties | 13100 | 7911 | 5189 |
Not reported | 8079 | 3220 | 4860 |
Year Structure Built 1999 to March 2000 |
6613 | 816 | 5797 |
1997 and 1998 | 2647 | 322 | 2325 |
1995 and 1996 | 1927 | 668 | 1259 |
1990 to 1994 | 4271 | 317 | 3954 |
1980 to 1989 | 16300 | 3146 | 13154 |
1970 to 1979 | 24890 | 10286 | 14604 |
1960 to 1969 | 36548 | 13713 | 22835 |
1950 to 1959 | 21906 | 9592 | 12313 |
1940 to 1949 | 8794 | 3586 | 5208 |
1939 or earlier | 26662 | 8818 | 17843 |
Purchase Price Per Housing Unit@8 Properties acquired by purchase 1997 to 2001 (part) |
37165 | 3900 | 33265 |
Less than $20,000 | 4116 | 1142 | 2974 |
$20,000 to $39,999 | 9315 | 1024 | 8291 |
$40,000 to $59,999 | 10314 | 407 | 9907 |
$60,000 to $79,999 | 4184 | 223 | 3960 |
$80,000 to $99,999 | 3476 | 172 | 3303 |
$100,000 to $124,999 | 2987 | 402 | 2585 |
$125,000 to $149,999 | 696 | 249 | 447 |
$150,000 to $174,999 | 618 | 281 | 337 |
$175,000 to $199,999 | 327 | 0 | 327 |
$200,000 to $249,999 | 239 | 0 | 239 |
$250,000 to $299,999 | 265 | 0 | 265 |
$300,000 to $499,999 | 0 | 0 | 0 |
$500,000 or more | 457 | 0 | 457 |
Median | 49822 | 35783 | 50662 |
Mean | 63818 | 53450 | 65040 |
Other properties | 113393 | 47364 | 66029 |
Value Less than $100,000 |
5969 | 5057 | 911 |
$100,000 to $199,999 | 9197 | 4166 | 5031 |
$200,000 to $299,999 | 13552 | 5757 | 7794 |
$300,000 to $399,999 | 14848 | 6399 | 8448 |
$400,000 to $499,999 | 16422 | 4121 | 12301 |
$500,000 to $749,999 | 29769 | 9759 | 20011 |
$750,000 to $999,999 | 18017 | 6720 | 11297 |
$1,000,000 to $1,499,999 | 18354 | 4028 | 14326 |
$1,500,000 to $1,999,999 | 9645 | 2167 | 7478 |
$2,000,000 to $2,999,999 | 7313 | 1435 | 5878 |
$3,000,000 to $3,999,999 | 3490 | 780 | 2710 |
$4,000,000 to $4,999,999 | 1735 | 531 | 1204 |
$5,000,000 or more | 2247 | 344 | 1904 |
Median | 628416 | 503355 | 689407 |
Mean | 940873 | 744593 | 1042209 |
Value Per Housing Unit@8 Less than $20,000 |
12667 | 7569 | 5098 |
$20,000 to $39,999 | 28713 | 9891 | 18822 |
$40,000 to $59,999 | 34293 | 10823 | 23470 |
$60,000 to $79,999 | 25713 | 7130 | 18583 |
$80,000 to $99,999 | 16775 | 4975 | 11799 |
$100,000 to $124,999 | 12856 | 5078 | 7777 |
$125,000 to $149,999 | 5169 | 1648 | 3521 |
$150,000 to $174,999 | 4832 | 2290 | 2542 |
$175,000 to $199,999 | 2685 | 532 | 2153 |
$200,000 to $249,999 | 3496 | 310 | 3186 |
$250,000 to $299,999 | 631 | 535 | 96 |
$300,000 to $499,999 | 1309 | 393 | 917 |
$500,000 or more | 1418 | 89 | 1329 |
Median | 59770 | 55101 | 62429 |
Mean | 76215 | 67615 | 80656 |
Purchase Price as Percent of Value@8 Acquired by purchase |
129378 | 40133 | 89245 |
Purchased 1997 to 2001 (part) | 37165 | 3900 | 33265 |
Less than 60 percent | 5300 | 199 | 5102 |
60 to 69 percent | 2879 | 118 | 2761 |
70 to 79 percent | 5733 | 64 | 5670 |
80 to 99 percent | 9350 | 536 | 8814 |
100 percent or more | 13730 | 2984 | 10746 |
Median | 90 | 3254 | 87 |
Purchased 1990 to 1996 (part) | 26204 | 4573 | 21631 |
Less than 40 percent | 2543 | 466 | 2076 |
40 to 59 percent | 6663 | 1932 | 4731 |
60 to 79 percent | 6999 | 701 | 6298 |
80 to 99 percent | 4311 | 413 | 3898 |
100 percent or more | 5688 | 1061 | 4627 |
Median | 71 | 59 | 73 |
Purchased 1989 or earlier | 66010 | 31660 | 34350 |
Less than 20 percent | 12774 | 7864 | 4910 |
20 to 39 percent | 15713 | 8360 | 7353 |
40 to 59 percent | 10277 | 3650 | 6627 |
60 to 79 percent | 8711 | 4097 | 4614 |
80 to 99 percent | 4455 | 1504 | 2951 |
100 percent or more | 13772 | 6150 | 7622 |
Median | 48 | 39 | 54 |
Not acquired by purchase | 21179 | 11131 | 10048 |
Value of Capital Improvements Properties with capital improvements between 1998 and 2000 |
71285 | 22729 | 48556 |
Less than $5,000 | 14693 | 4025 | 10668 |
$5,000 to $9,999 | 13963 | 5749 | 8214 |
$10,000 to $24,999 | 23879 | 8584 | 15295 |
$25,000 to $49,999 | 11133 | 2456 | 8678 |
$50,000 to $74,999 | 2741 | 702 | 2038 |
$75,000 to $99,999 | 855 | 328 | 527 |
$100,000 to $149,999 | 2095 | 591 | 1504 |
$150,000 to $199,999 | 712 | 93 | 618 |
$200,000 to $299,999 | 390 | 87 | 303 |
$300,000 or more | 825 | 113 | 711 |
Median | 14389 | 12780 | 15292 |
Mean | 29662 | 19917 | 34224 |
Properties with no capital improvements between 1998 and 2000 |
50211 | 18899 | 31312 |
Capital improvements not reported |
29061 | 9636 | 19425 |
Value of Capital Improvements Per Unit Properties with capital improvements between 1998 and 2000 |
71285 | 22729 | 48556 |
Less than $500 | 15526 | 3612 | 11914 |
$500 to $999 | 17887 | 5892 | 11995 |
$1,000 to $2,499 | 23731 | 9211 | 14520 |
$2,500 to $4,999 | 9388 | 3291 | 6097 |
$5,000 to $7,499 | 2236 | 143 | 2092 |
$7,500 to $9,999 | 314 | 0 | 314 |
$10,000 to $14,999 | 623 | 237 | 386 |
$15,000 to $19,999 | 923 | 0 | 923 |
$20,000 to $29,999 | 343 | 343 | 0 |
$30,000 or more | 315 | 0 | 315 |
Median | 1141 | 1303 | 1038 |
Mean | 2363 | 1818 | 2618 |
Properties with no capital improvements between 1998 and 2000 |
50211 | 18899 | 31312 |
Capital improvements not reported |
29061 | 9636 | 19425 |
Monthly Rental Receipts Per Housing Unit Acquired before 2000 |
131530 | 48754 | 82777 |
Less than $100 | 5456 | 3192 | 2264 |
$100 to $199 | 9739 | 3336 | 6403 |
$200 to $299 | 13473 | 4395 | 9078 |
$300 to $399 | 18705 | 8927 | 9778 |
$400 to $499 | 17247 | 7148 | 10099 |
$500 to $599 | 18194 | 5715 | 12479 |
$600 to $799 | 13675 | 4376 | 9300 |
$800 to $999 | 21158 | 8720 | 12438 |
$1000 or more | 13381 | 2715 | 10665 |
No rental receipts | 502 | 229 | 273 |
Median | 505 | 462 | 529 |
Mean | 1209 | 518 | 1616 |
Acquired 2000 and 2001 (part) | 19027 | 2510 | 16517 |
Rental Receipts as Percent of Value@8 Acquired before 2000 |
131530 | 48754 | 82777 |
Less than 5 percent | 5472 | 2765 | 2706 |
5 to 9 percent | 51939 | 19415 | 32525 |
10 to 14 percent | 43735 | 13533 | 30202 |
15 to 19 percent | 15010 | 4687 | 10323 |
20 to 24 percent | 3125 | 1674 | 1451 |
25 to 29 percent | 2507 | 816 | 1691 |
30 to 39 percent | 2369 | 1302 | 1067 |
40 percent or more | 5667 | 3127 | 2539 |
Median | 11 | 11 | 11 |
Acquired 2000 and 2001 (part) | 19027 | 2510 | 16517 |
Rental Vacancy Losses as Percent of Potential Receipts Acquired before 2000 |
131530 | 48754 | 82777 |
Less than 1.0 percent | 26617 | 13025 | 13592 |
1.0 to 2.9 percent | 21204 | 6269 | 14935 |
3.0 to 4.9 percent | 16397 | 4246 | 12151 |
5.0 to 6.9 percent | 6464 | 2198 | 4266 |
7.0 to 8.9 percent | 6941 | 1647 | 5294 |
9.0 to 10.9 percent | 5236 | 1853 | 3383 |
11.0 to 12.9 percent | 2073 | 401 | 1672 |
13.0 to 14.9 percent | 1919 | 796 | 1123 |
15.0 percent or more | 9272 | 3671 | 5601 |
Not reported or not computed | 35407 | 14649 | 20758 |
Median | 3.0 | 2.3 | 3.4 |
Acquired 2000 and 2001 (part) | 19027 | 2510 | 16517 |
Age Restrictions Property restricted to people age 55 or older |
36318 | 16002 | 20315 |
Property not restricted to people age 55 or older |
108611 | 31946 | 76665 |
Not reported | 5628 | 3316 | 2313 |
Age Composition Over one-half the residents of the building age 55 or older |
5389 | 2763 | 2626 |
Over one-half the residents of the building not age 55 or older |
99883 | 28789 | 71094 |
Not reported | 45285 | 19712 | 25573 |
Meal Service Provided by Properties Exclusively or Predominantly Occupied by People Age 55 or Older Property provides meal service |
21537 | 10233 | 11305 |
Charge included in rent | 16254 | 7562 | 8692 |
Charge not included in rent | 58 | 58 | 0 |
Not reported | 5226 | 2613 | 2613 |
Property does not provide meal service |
9063 | 2944 | 6119 |
Not reported | 119957 | 38087 | 81870 |
Type of Property Benefits@1 Government-sponsored below-market interest rate mortgage loan |
3488 | 43 | 3445 |
Government rental subsidy | 15779 | 3456 | 12323 |
Government grant | 1002 | 102 | 900 |
Property tax relief | 1695 | 174 | 1521 |
Federal income tax credit for low-income, old or historic properties |
1355 | 188 | 1167 |
Accelerated federal income tax depreciation for low- and moderate-income properties |
77 | 0 | 77 |
Subsidy from a non-profit corporation | 254 | 61 | 194 |
None of the above benefits | 111450 | 39232 | 72217 |
Not reported | 19355 | 8052 | 11302 |
Source of Property Benefits@1 With property benefits |
19752 | 3979 | 15773 |
Federal government | 11793 | 1741 | 10052 |
State government | 2901 | 728 | 2173 |
Local government | 7032 | 1489 | 5543 |
Non-profit corporation | 254 | 61 | 194 |
Not reported | 745 | 239 | 505 |
With no property benefits | 111450 | 39232 | 72217 |
Not reported | 19355 | 8052 | 11302 |
Reason for Benefits@1 With property benefits |
19752 | 3979 | 15773 |
Occupied by low- or moderate-income individuals |
15708 | 2855 | 12853 |
Occupied by elderly or disabled individuals |
5277 | 1588 | 3690 |
A historic structure | 182 | 96 | 86 |
Located in a community development or economic development area |
763 | 0 | 763 |
Covered by a Homestead Exemption | 0 | 0 | 0 |
Covered by a Community Land Trust | 0 | 0 | 0 |
Covered by disaster relief | 486 | 0 | 486 |
Other reason | 182 | 28 | 154 |
Not reported | 1217 | 40 | 1178 |
With no property benefits | 111450 | 39232 | 72217 |
Not reported | 19355 | 8052 | 11302 |
Section 8 Rental Housing Certificates and Vouchers Property did or does have tenants receiving Section 8 assistance |
53583 | 14654 | 38929 |
Property has never had tenants receiving Section 8 assistance |
82066 | 31633 | 50433 |
Not reported | 14908 | 4977 | 9931 |
OWNER CHARACTERISTICS Type of Owner Individual investor(s) |
106794 | 37956 | 68837 |
Limited partnership | 18635 | 7811 | 10824 |
Joint venture | 950 | 237 | 713 |
General partnership | 8008 | 1514 | 6495 |
Life insurance company | 147 | 34 | 113 |
Depository institution | 83 | 0 | 83 |
Public real estate investment trust | 241 | 0 | 241 |
Private real estate investment trust | 0 | 0 | 0 |
Corporation - other than real estate investment trust |
9686 | 2721 | 6965 |
Housing cooperative organization | 197 | 29 | 168 |
Non-profit or church-related institution | 2906 | 594 | 2312 |
Pension fund | 0 | 0 | 0 |
Fraternal organization | 0 | 0 | 0 |
Other | 2911 | 368 | 2542 |
RECURRING EXPENSES Real Estate Tax Per Housing Unit Acquired before 2000 |
131530 | 48754 | 82777 |
Less than $100 | 9421 | 3467 | 5954 |
$100 to $199 | 10625 | 3948 | 6676 |
$200 to $299 | 20811 | 11090 | 9721 |
$300 to $399 | 20688 | 7588 | 13100 |
$400 to $499 | 14913 | 7008 | 7905 |
$500 to $599 | 12386 | 4325 | 8061 |
$600 to $699 | 8859 | 2273 | 6586 |
$700 to $799 | 7746 | 1677 | 6069 |
$800 to $899 | 6269 | 975 | 5294 |
$900 to $999 | 2668 | 0 | 2668 |
$1,000 to $1,249 | 5194 | 998 | 4196 |
$1,250 to $1,499 | 3101 | 586 | 2515 |
$1,500 to $1,999 | 3028 | 923 | 2105 |
$2,000 to $2,499 | 1082 | 382 | 700 |
$2,500 or more | 658 | 274 | 384 |
Not reported | 4082 | 3239 | 843 |
Median | 415 | 356 | 470 |
Mean | 520 | 442 | 563 |
Acquired 2000 and 2001 (part) | 19027 | 2510 | 16517 |
Real Estate Tax Per $1,000 Value Acquired before 2000 |
131530 | 48754 | 82777 |
Less than $5 | 37204 | 16198 | 21006 |
$5 to $9 | 45101 | 14824 | 30277 |
$10 to $14 | 28200 | 7474 | 20725 |
$15 to $19 | 7949 | 3586 | 4363 |
$20 to $24 | 1279 | 135 | 1144 |
$25 to $29 | 1626 | 713 | 912 |
$30 to $39 | 5988 | 2483 | 3505 |
$40 to $49 | 101 | 101 | 0 |
$50 to $59 | 0 | 0 | 0 |
$60 or more | 0 | 0 | 0 |
Not reported or not computed | 4082 | 3239 | 843 |
Median | 8 | 7 | 8 |
Acquired 2000 and 2001 (part) | 19027 | 2510 | 16517 |
Real Estate Tax as Percent of Rental Receipts Acquired before 2000 |
131530 | 48754 | 82777 |
Less than 5 percent | 28144 | 12522 | 15622 |
5 to 9 percent | 57987 | 19142 | 38845 |
10 to 14 percent | 24146 | 7490 | 16656 |
15 to 19 percent | 5940 | 1029 | 4911 |
20 to 24 percent | 3888 | 1448 | 2441 |
25 to 29 percent | 2262 | 1302 | 961 |
30 to 34 percent | 1325 | 298 | 1026 |
35 to 39 percent | 632 | 473 | 159 |
40 percent or more | 1417 | 377 | 1040 |
Not reported or not computed | 5790 | 4674 | 1116 |
Median | 8 | 7 | 8 |
Acquired 2000 and 2001 (part) | 19027 | 2510 | 16517 |
Property Management Property managed by paid property management company |
75857 | 22655 | 53203 |
Property not managed by paid property management company |
63612 | 24371 | 39241 |
Not reported | 11088 | 4238 | 6850 |
Property Management and Administration Expenses Per Housing Unit Acquired before 2000 |
131530 | 48754 | 82777 |
Less than $100 | 3100 | 1699 | 1401 |
$100 to $199 | 4589 | 1167 | 3422 |
$200 to $299 | 9184 | 3079 | 6106 |
$300 to $399 | 8252 | 2156 | 6096 |
$400 to $499 | 9284 | 3689 | 5595 |
$500 to $599 | 7597 | 2431 | 5166 |
$600 to $699 | 5186 | 2139 | 3047 |
$700 to $799 | 3042 | 875 | 2167 |
$800 to $899 | 1963 | 745 | 1219 |
$900 to $999 | 1328 | 690 | 639 |
$1,000 to $1,249 | 3381 | 631 | 2749 |
$1,250 to $1,499 | 1877 | 705 | 1172 |
$1,500 to $1,999 | 1663 | 577 | 1086 |
$2,000 to $2,499 | 1013 | 567 | 446 |
$2,500 or more | 1920 | 417 | 1503 |
No expenses | 44823 | 16749 | 28074 |
Not reported or not computed | 23326 | 10438 | 12888 |
Median | 471 | 473 | 469 |
Acquired 2000 and 2001 (part) | 19027 | 2510 | 16517 |
Maintenance and Repair Expenses Per Housing Unit Acquired before 2000 |
131530 | 48754 | 82777 |
Less than $100 | 2030 | 1288 | 742 |
$100 to $199 | 5081 | 2125 | 2956 |
$200 to $299 | 9566 | 3628 | 5939 |
$300 to $399 | 7056 | 2725 | 4331 |
$400 to $499 | 8407 | 2246 | 6160 |
$500 to $599 | 8168 | 2691 | 5477 |
$600 to $699 | 8154 | 3346 | 4808 |
$700 to $799 | 8837 | 2398 | 6439 |
$800 to $899 | 6967 | 3117 | 3851 |
$900 to $999 | 3627 | 977 | 2650 |
$1,000 to $1,249 | 9307 | 3212 | 6095 |
$1,250 to $1,499 | 6211 | 2345 | 3866 |
$1,500 to $1,999 | 6155 | 1323 | 4832 |
$2,000 to $2,499 | 3926 | 1633 | 2293 |
$2,500 or more | 9094 | 3908 | 5186 |
No expenses | 2794 | 1347 | 1448 |
Not reported or not computed | 26149 | 10445 | 15704 |
Median | 732 | 718 | 737 |
Acquired 2000 and 2001 (part) | 19027 | 2510 | 16517 |
Utility and Fuel Expenses Per Housing Unit Acquired before 2000 |
131530 | 48754 | 82777 |
Less than $250 | 10771 | 3481 | 7291 |
$250 to $499 | 33934 | 12892 | 21042 |
$500 to $749 | 30442 | 9623 | 20819 |
$750 to $999 | 12703 | 3573 | 9130 |
$1,000 to $1,249 | 6207 | 2338 | 3869 |
$1,250 to $1,499 | 2790 | 1441 | 1349 |
$1,500 to $1,749 | 567 | 62 | 506 |
$1,750 to $1,999 | 331 | 193 | 138 |
$2,000 to $2,499 | 526 | 467 | 59 |
$2,500 or more | 2064 | 240 | 1824 |
No expenses | 6623 | 3878 | 2745 |
Not reported or not computed | 24571 | 10564 | 14006 |
Median | 545 | 520 | 556 |
Acquired 2000 and 2001 (part) | 19027 | 2510 | 16517 |