| Data Dictionary: | ACS 2007 (1-Year Estimates) |
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Survey: ACS 2007 (1-Year Estimates)
| Data Source: | U.S. Census Bureau |
| Table: | B25082. Aggregate Value (Dollars) By Mortgage Status [3] |
Universe: Owner-occupied housing units
Table Details
| B25082. | Aggregate Value (Dollars) By Mortgage Status | ||||||||
| Universe: Owner-occupied housing units | |||||||||
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Relevant Documentation:
| Excerpt from: | Social Explorer; U.S. Census Bureau; American Community Survey 2007 Summary File: Technical Documentation. |
| ACS 2007-1yr Summary File: Technical Documentation -> Appendix B. Subject Definitions -> Housing Variables -> Value -> Aggregate Value |
To calculate aggregate value, the amount assigned for the category "Less than $10,000" is $9,000. The amount assigned to the category $1,000,000 or more" is $1,250,000. Aggregate value is rounded to the nearest hundred dollars. (For more information on aggregates, see " Derived Measures .")
| Excerpt from: | Social Explorer; U.S. Census Bureau; American Community Survey 2007 Summary File: Technical Documentation. |
| ACS 2007-1yr Summary File: Technical Documentation -> Appendix B. Subject Definitions -> Housing Variables -> Mortgage Status |
The data on mortgage status were obtained from Housing Questions 22a and 33a in the 2007 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.
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.
