Menu

Home › Forums › Closed Forums › Properties or Areas › Distribution of Wealth in SD County › Some more statistics that are

May 20, 2010 at 2:29 PM #553328
UCGal
Participant

Some more statistics that are not specifically “wealth distribution” related – but interesting.

From the table that has the financial data about households WITH mortgage (the sister to the data in my previous post) Again – this is from the census, and based on San Diego county households.

http://factfinder.census.gov/servlet/STTable?_bm=y&-geo_id=05000US06073&-qr_name=ACS_2008_3YR_G00_S2506&-ds_name=ACS_2008_3YR_G00_&-redoLog=false

median value of home with mortgage in SD County:
$556,700
(compared to $479k for homes w/out mortgage)

medium household income for households with mortgage)
$95,170
(compared to $48k for homes w/out mortgage)

The ratio of value to hh income was similar to the no mortgage group – 73% were a ratio of 4 or higher. (Again – I suspect housing value has more to do with this than income.)

36.7% of folks with a mortgage also have a 2nd mortgage and/or HELOC. 63.3% only have a first mortgage.

median real estate taxes paid are higher for those who pay a mortgage – implying the homes were purchased more recently. (Prop 13 effect.)

Very cool data….