- Description
- Codes
- Comparability
- Universe
- Availability
- Questionnaire Text
- Flags
- Source Variables
- Editing Procedure
Description
MORTAMT1 reports the household's monthly first mortgage payment obligations, if any. It may include such extras as property taxes and insurance; other variables (TAXINCL, INSINCL) reveal whether these items were part of the mortgage payment. Amounts are given even if payments were delinquent or paid by someone outside the household. If respondents indicated that they had a second mortgage but not a first mortgage, the Census Bureau altered their response to say that they did have a first mortgage, with the amount specified in MORTAMT1.
The universe for 2000 samples, the ACS and the PRCS samples rely on a "yes" response in the variable MORTGAGE.
Amounts are expressed in contemporary dollars, and users studying change over time must adjust for inflation (See INCTOT for Consumer Price Index adjustment factors). The exception is the ACS/PRCS multi-year files, where all dollar amounts have been standardized to dollars as valued in the final year of data included in the file (e.g., 2007 dollars for the 2005-2007 3-year file). Additionally, more detail may be available than exists in the original ACS samples.
MORTAMT1 is a 5-digit numeric code which reports the household's monthly first mortgage payment obligations if any. It may also include additional related obligations such as property taxes and insurance; other variables (TAXINCL, INSINCL) reveal whether these items were part of the mortgage payment. Amounts are given even if payments were delinquent or paid by someone outside the household. If respondents indicated that they had a second mortgage but not a first mortgage, the Census Bureau altered their response to say that they did have a first mortgage, with the amount specified in MORTAMT1. MORTAMT1 specific variable codes for missing, edited, or unidentified observations, observations not applicable (N/A), observations not in universe (NIU), top and bottom value coding, etc. are provided below by Census year (and data sample if specified).
User Note: Amounts are expressed in contemporary dollars, and users studying change over time must adjust for inflation (See Description). The exception is the ACS/PRCS multi-year files, where all dollar amounts have been standardized to dollars as valued in the final year of data included in the file (e.g., 2007 dollars for the 2005-2007 3-year file)
MORTAMT1 Specific Variable Codes
00000 = N/A
00001 = No regular payment (1990, 2000, 2000-2002 ACS)
| MORTAMT1 | |
| Census | Top Code |
| 1990 | $2,000* |
| 2000 | $3,000** |
| ACS (2000) | $3,915** |
| ACS (2001) | $4,100** |
| ACS (2002) | $4,038** |
| ACS (2003-onward) | 99.5th Percentile in State** |
| PRCS (2005-onward) | 99.5th Percentile in State** |