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Data Dictionary: ACS 2007 (1-Year Estimates)
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Data Source: Social Explorer; U.S. Census Bureau
Universe: Owner-occupied housing units
Variable Details
A10040. Mortgage Status By Selected Monthly Owner Costs As A Percentage of Household Income in the Past 12 Months
Universe: Owner-occupied housing units
A10040_008 Less than 30 percent
Percent base:
Owner-occupied housing units: (SE:A10040_001)
Aggregation method:
Addition
Formula used to compute this variable:
Return_Value = ACS07:B25091014 + ACS07:B25091015 + ACS07:B25091016 + ACS07:B25091017 + ACS07:B25091018; if (ACS07:B25091014.IsNull || ACS07:B25091015.IsNull || ACS07:B25091016.IsNull || ACS07:B25091017.IsNull || ACS07:B25091018.IsNull) Return_Value.IsNull = true
Variables used in the formula:
ACS07:B25091014
Owner-occupied housing units: Housing units without a mortgage: Less than 10.0 percent
ACS07:B25091015
Owner-occupied housing units: Housing units without a mortgage: 10.0 to 14.9 percent
ACS07:B25091016
Owner-occupied housing units: Housing units without a mortgage: 15.0 to 19.9 percent
ACS07:B25091017
Owner-occupied housing units: Housing units without a mortgage: 20.0 to 24.9 percent
ACS07:B25091018
Owner-occupied housing units: Housing units without a mortgage: 25.0 to 29.9 percent
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 -> Mortgage Status
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.
Question/Concept History
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Since 1996, the American Community Survey questions have been the same.
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 -> Selected Monthly Owner Costs as a Percentage of Household Income
Selected Monthly Owner Costs as a Percentage of Household Income
The information on selected monthly owner costs as a percentage of household income is the computed ratio of selected monthly owner costs to monthly household income. The ratio was computed separately for each unit and rounded to the nearest whole percentage. The data are tabulated only for owner-occupied units.
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 are included in the "not computed" category. (For more information, see the discussion under "Selected Monthly Owner Costs.")
Median Selected Monthly Owner Costs as a Percentage of Household Income
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This measure divides the selected monthly owner costs as a percentage of household income distribution into two equal parts: one-half of the cases falling below the median selected monthly owner costs as a percentage of household income and one-half above the median. Median selected monthly owner costs as a percentage of household income is computed on the basis of a standard distribution. (See the "Standard Distributions" section under "Derived Measures.") Median selected monthly owner costs as a percentage of household income is rounded to the nearest tenth. (For more information on medians, see "Derived Measures.")