Data Dictionary: ACS 2006 -- 2010 (5-Year Estimates)
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Data Source: U.S. Census Bureau
Table: B25087. Mortgage Status And Selected Monthly Owner Costs [29]
Universe: Owner-occupied housing units
Table Details
B25087. Mortgage Status And Selected Monthly Owner Costs
Universe: Owner-occupied housing units
Variable Label
B25087001
B25087002
B25087003
B25087004
B25087005
B25087006
B25087007
B25087008
B25087009
B25087010
B25087011
B25087012
B25087013
B25087014
B25087015
B25087016
B25087017
B25087018
B25087019
B25087020
B25087021
B25087022
B25087023
B25087024
B25087025
B25087026
B25087027
B25087028
B25087029
Relevant Documentation:
Excerpt from: Social Explorer; U.S. Census Bureau; American Community Survey 2006-2010 Summary File: Technical Documentation.
 
Mortgage Status
The data on mortgage status were obtained from Housing Questions 19a and 20a in the 2010 American Community Survey. The questions were asked at owner-occupied units.
"Mortgage" refers to all forms of debt where the property is pledged as security for repayment of the debt, including deeds of trust; trust deeds; contracts to purchase; land contracts; junior mortgages; and home equity loans.

A mortgage is considered a first mortgage if it has prior claim over any other mortgage or if it is the only mortgage on the property. All other mortgages (second, third, etc.) are considered junior mortgages. A home equity loan is generally a junior mortgage. If no first mortgage is reported, but a junior mortgage or home equity loan is reported, then the loan is considered a first mortgage.

In most data products, the tabulations for "Selected Monthly Owner Costs" and "Selected Monthly Owner Costs as a Percentage of Household Income" usually are shown separately for units "with a mortgage" and for units "not mortgaged." The category "not mortgaged" is comprised of housing units owned free and clear of debt.

Mortgage status provides information on the cost of home ownership. When the data is used in conjunction with mortgage payment data, the information determines shelter costs for living quarters. These data can be use in the development of housing programs aimed to meet the needs of people at different economic levels. The data also serve to evaluate the magnitude of and to plan facilities for condominiums, which are becoming an important source of supply of new housing in many areas.

Question/Concept History
Since 1996, the American Community Survey questions have been the same.

Comparability
Data on mortgage status in the American Community Survey can be compared to previous ACS and Census 2000 mortgage status data. For Census 2000, tables for both total owner-occupied housing units and specified owner-occupied housing units were released, thus comparisons can be made only when comparing the same universes between the two data sets.

Excerpt from: Social Explorer; U.S. Census Bureau; American Community Survey 2006-2010 Summary File: Technical Documentation.
 
Median Monthly Housing Costs
This measure divides the monthly housing costs distribution into two equal parts: one-half of the cases falling below the median monthly housing costs and one-half above the median. Medians are shown separately for units "with a mortgage" and for units "not mortgaged." Median monthly housing costs are computed on the basis of a standard distribution. (See the "Standard Distributions" section under "Appendix A.") Median monthly housing costs are rounded to the nearest whole dollar.