Data Dictionary: Census 1990
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Survey: Census 1990
Data Source: Social Explorer; U.S. Census Bureau
Table: T88. Mortgage Status By Selected Monthly Owner Costs As A Percentage Of Household Income in 1989 [9]
Universe: Specified owner-occupied housing units
Table Details
T88. Mortgage Status By Selected Monthly Owner Costs As A Percentage Of Household Income in 1989
Universe: Specified owner-occupied housing units
Relevant Documentation:
Excerpt from: Social Explorer, U.S. Census Bureau; Census of Population and Housing, 1990: Summary Tape File 3 on CD-ROM [machine-readable data files] / prepared by the Bureau of the Census. Washington: The Bureau [producer and distributor], 1991.
 
Mortgage Status
The data on mortgage status were obtained from questionnaire items H23a and H24a, which were asked at owner-occupied one-family houses, condominiums, and mobile homes. "Mortgage" refers to all forms of debt where the property is pledged as security for repayment of the debt. It includes such debt instruments as 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 census data products, the tabulations for "Selected Monthly Owner Costs" and "Selected Monthly Owner Costs as a Percentage of Household Income in 1989" 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.

Comparability
A question on mortgage status was included in the 1940 and 1950 censuses, but not in the 1960 and 1970 censuses. The item was reinstated in 1980 along with a separate question dealing with the existence of second or junior mortgages. In 1980, the mortgage status questions were asked at owner-occupied one-family houses on less than 10 acres. Excluded were mobile homes, condominiums, houses with a business or medical office, houses on 10 or more acres, and housing units in multi-unit buildings. In 1990, the questions were asked of all one-family owner-occupied housing units, including houses on 10 or more acres. They were also asked at mobile homes, condominiums, and houses with a business or medical office.

Excerpt from: Social Explorer, U.S. Census Bureau; Census of Population and Housing, 1990: Summary Tape File 3 on CD-ROM [machine-readable data files] / prepared by the Bureau of the Census. Washington: The Bureau [producer and distributor], 1991.
 
Selected Monthly Owner Costs As A Percentage of Household Income in 1989
The information on selected monthly owner costs as a percentage of household income in 1989 is the computed ratio of selected monthly owner costs to monthly household income in 1989. The ratio was computed separately for each unit and rounded to the nearest whole percentage. The data are tabulated separately for specified owner occupied units, condominiums, and mobile homes.

Separate distributions are often shown for units "with a mortgage" and for units "not mortgaged." Units occupied by households reporting no income or a net loss in 1989 are included in the "not computed" category. (For more information, see the discussion under "Selected Monthly Owner Costs.")

Comparability
The components of selected monthly owner costs were collected for the first time in 1980. The tabulations of "Selected Monthly Owner Costs as a Percentage of Household Income in 1989" for specified owner-occupied housing units are comparable to 1980.