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Data Dictionary: ACS 2015 (5-Year Estimates)
you are here: choose a survey survey data set table variable details
Data Source: Social Explorer; U.S. Census Bureau
Universe: Owner-occupied housing units
Variable Details
A10040. Mortgage Status by Selected of Household Income in 2015
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 = ACS15_5yr:B25091014 + ACS15_5yr:B25091015 + ACS15_5yr:B25091016 + ACS15_5yr:B25091017 + ACS15_5yr:B25091018; if (ACS15_5yr:B25091014.IsNull || ACS15_5yr:B25091015.IsNull || ACS15_5yr:B25091016.IsNull || ACS15_5yr:B25091017.IsNull || ACS15_5yr:B25091018.IsNull) Return_Value.IsNull = true
Variables used in the formula:
ACS15_5yr:B25091014
Owner-Occupied Housing Units: Housing Units Without a Mortgage: Less than 10.0 Percent
ACS15_5yr:B25091015
Owner-Occupied Housing Units: Housing Units Without a Mortgage: 10.0 to 14.9 Percent
ACS15_5yr:B25091016
Owner-Occupied Housing Units: Housing Units Without a Mortgage: 15.0 to 19.9 Percent
ACS15_5yr:B25091017
Owner-Occupied Housing Units: Housing Units Without a Mortgage: 20.0 to 24.9 Percent
ACS15_5yr: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; 2015 ACS 1-year and 2011-2015 ACS 5-year Data Releases: Technical Documentation.
  2015 ACS 1-year and 2011-2015 ACS 5-year Data Releases: Technical Documentation -> Appendix A: Supplemental Documentation -> 2014 Subject Definitions -> Housing Variables -> Mortgage Status
Mortgage Status
The data on mortgage status were obtained from Housing Questions 22a and 23a in the 2013 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 used in the development of housing programs aimed to meet the needs of people at different economic levels.

Question/Concept History

Since 1996, the American Community Survey for mortgage status questions have been the same.

Comparability

Data on mortgage status in the 2013 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.