WASHINGTON — Homeowners in the U.S. paid a median price of $110,000 for their homes, according to a 2011 American Housing Survey profile released recently.
This is an increase of 2.3 percent from the $107,500 reported in the 2009 survey.
The median purchase price of homes constructed in the past four years was higher at $235,000, down 2.1 percent from the $240,000 reported for new construction in 2009.
National data are collected every odd-numbered year and metropolitan area data are collected on a rotating basis.
Some highlights for the U.S. include:
- The median year occupied homes were built in the U.S. was 1974.
- Nationally, piped gas was the most prevalent home heating source, used by 50.4 percent of occupied homes. Electricity was used by 35.3 percent.
- Among owner-occupied homes in the U.S., 46.3 percent had working carbon monoxide detectors.
- Among all U.S. homes, 72.5 percent of owner-occupied units had central air.
- Financial characteristics:
- Median monthly expenditures for homeowners in the U.S. totaled $151 for real estate taxes, $121 for electricity and $58 for property insurance.
- Among U.S. owner-occupied homes, 65.4 percent had a regular and/or home equity mortgage and 23.4 percent had a refinanced primary mortgage.
- The median monthly mortgage payment for homeowners was $1,015 in 2011.
STAY INFORMED. SIGN UP!
Up-to-date agriculture news in your inbox!