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Owner Costs

Definition

Selected monthly owner costs are 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 mortgage, home equity loans, and other junior mortgages); real estate taxes; fire, hazard, and flood insurance on the property; utilities (electricity, gas, and water and sewer); and fuels (oil, coal, kerosene, wood, etc.). They also include, where appropriate, the monthly condominium fees or mobile home costs (installment loan payments, personal property taxes, site rent, registration fees, and license fees). [Census 2000 Summary File 3 Technical Documentation. Prepared by the U.S. Census Bureau, 2002.]

Where to Find Data on this Site

  1. The General Unit Characteristics tool includes summary and detailed tables for Owner Costs showing mortgaged/non-mortgaged status of the units and selected monthly owner costs.
  2. The AHNA Quick Report provides data about owner costs for a single city or unincorporated area and its surrounding county.
  3. Owner costs also may be represented as a percentage of each household's income; that is, as "cost burden" for owner-occupied households. See the term Cost Burden for a number of tools that show owner costs as a percentage of household income.

Related Terms