A Profile of Older Americans: 2003
Of the 21.8 million households headed by older persons in 2001,
80% were owners and 20% were renters. The median family income
of older homeowners was $23,409. The median family income of
older renters was $12,233. In 2001, 41% of older householders
spent more than one-fourth of their income on housing costs,
compared to 39% of for householders of all ages.
For homes occupied by older householders in 2001, the median
year of construction was 1963 (it was 1970 for all householders)
and 5.4% had physical problems.
In 2001, the median value of homes owned by older persons was
$107,398, compared to a median home value of $123,887 for all
homeowners. About 73% of older homeowners in 2001 owned their
homes free and clear.
Housing Survey for the United States in 2001, Current Housing
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