Selected Monthly Owner Costs
The data on selected monthly owner costs were obtained from questionnaire items H20 through H26 for a sample of owner-occupied one-family houses, condominiums, and mobile homes. Selected monthly owner costs is the sum of payments for mortgages, deeds of trust, contracts to purchase, or similar debts on the property (including payments for the first mortgage, second or junior mortgages, and home equity loans); real estate taxes; fire, hazard, and flood insurance on the property; utilities (electricity, gas, and water); and fuels (oil, coal, kerosene, wood, etc.). It also includes, where appropriate, the monthly condominium fee for condominiums and mobile home costs (personal property taxes, site rent, registration fees, and license fees) for mobile homes.
In certain tabulations, selected monthly owner costs are presented separately for specified owner-occupied housing units (owner-occupied one-family houses on fewer than 10 acres without a business or medical office on the property), owner-occupied condominiums, and owner-occupied mobile homes. Data usually are shown separately for units "with a mortgage" and for units "not mortgaged."
Median Selected Monthly Owner Costs
This measure is rounded to the nearest whole dollar.
The components of selected monthly owner costs were collected for the first time in 1980. The 1990 tabulations of selected monthly owner costs for specified owner-occupied housing units are virtually identical to 1980, the primary difference was the amounts of the first and second mortgages were collected in separate questions in 1990, while the amounts were collected in a single question in 1980. The component parts of the item were tabulated for mobile homes and condominiums for the first time in 1990.
In 1980, costs for electricity and gas were collected as average monthly costs. In 1990, all utility and fuel costs were collected as yearly costs and divided by 12 to provide an average monthly cost.