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OWNCOST
Selected monthly owner costs

Description

OWNCOST reports selected monthly owner costs for owner-occupied units.

OWNCOST is the derived sum of payments for mortgages, deeds of trust, contracts to purchase, or similar debts on the property (including payments for the first mortgage, second mortgages, 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.). It also includes, where appropriate, the monthly condominium fee for condominiums and mobile home costs (installment loan payments, personal property taxes, site rent, registration fees, and license fees).

The components of this variable are available separately via CONDOFEE, COSTELEC, COSTFUEL, MORTAMT1, MORTAMT2, MORTOTAL, COSTWATR, COSTGAS, PROPTXIN, PROPINSR, and RENT.

OWNCOST is not always exactly equal to the sum of these variables. Many of the component variables for OWNCOST were intervalled or topcoded. In some cases, OWNCOST appears to have been constructed from these variables prior to their being intervalled or topcoded. Also, most of the component variables report annual costs, whereas OWNCOST reports monthly costs.

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.

Codes

OWNCOST is a 5-digit numeric code which reports selected monthly owner costs for owner-occupied units. OWNCOST is the derived sum of payments for mortgages, deeds of trust, contracts to purchase, or similar debts on the property (including payments for the first mortgage, second mortgages, 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.). It also includes, where appropriate, the monthly condominium fee for condominiums and mobile home costs (installment loan payments, personal property taxes, site rent, registration fees, and license fees). OWNCOST 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: The components of this variable are available separately via CONDOFEE, COSTELEC, COSTFUEL, MORTAMT1, MORTAMT2, MORTOTAL, COSTWATR, COSTGAS, PROPTXIN, PROPINSR, and RENT (See Description for details regarding the construction of OWNCOST).

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)

OWNCOST Specific Variable Codes
99999 = Not in universe

Comparability

This variable is comparable across years and samples.

User Note:
In the 1980 IPUMS Puerto Rico Sample, selected monthly owner costs were previously reported in a variable called OWNCSTPR (no longer available). Puerto Rico data is now included in OWNCOST.

Universe

  • 1980: Owner-occupied units with ownership costs; not group quarters, not on 10 or more acres, no more than 1 unit in structure, not mobile home, trailor, or condominium, no commercial establishement on property, .
  • 1990, ACS PRCS 2016 2016 2016 2016: Owner-occupied units with ownership costs; not group quarters, no more than 1 unit in structure, not mobile home, trailor, or condominium, no commercial establishement on property, .

Availability

United States
  • 2016: All samples
  • 2015: All samples
  • 2014: All samples
  • 2013: All samples
  • 2012: All samples
  • 2011: All samples
  • 2010: ACS; ACS 3yr; ACS 5yr
  • 2009: All samples
  • 2008: All samples
  • 2007: All samples
  • 2006: All samples
  • 2005: All samples
  • 2004: All samples
  • 2003: All samples
  • 2002: All samples
  • 2001: All samples
  • 2000: ACS
  • 1990: All samples
  • 1980: All samples
  • 1970: --
  • 1960: --
  • 1950: --
  • 1940: --
  • 1930: --
  • 1920: --
  • 1910: --
  • 1900: --
  • 1880: --
  • 1870: --
  • 1860: --
  • 1850: --
Puerto Rico
  • 2016: All samples
  • 2015: All samples
  • 2014: All samples
  • 2013: All samples
  • 2012: All samples
  • 2011: All samples
  • 2010: PRCS; PRCS 3yr; PRCS 5yr
  • 2009: All samples
  • 2008: All samples
  • 2007: All samples
  • 2006: All samples
  • 2005: All samples
  • 2000: PR 5%
  • 1990: All samples
  • 1980: All samples
  • 1970: --
  • 1930: --
  • 1920: --
  • 1910: --

Flags

QOWNCOST 

Editing Procedure

There is no editing procedure available for this variable.