Table 2
Average out-of-pocket costs as a percentage of the
average house value, 1969 to 2006
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| 1969 | 1974 | 1978 | 1982 | 1986 | 1990 | 1996 | 2001 | 2006 | |
|---|---|---|---|---|---|---|---|---|---|
| percent | |||||||||
| Insurance | 0.23 | 0.22 | 0.26 | 0.43 | 0.42 | 0.28 | 0.40 | 0.41 | 0.26 |
| Property tax | 1.79 | 1.27 | 1.14 | 1.40 | 1.34 | 1.25 | 1.48 | 1.47 | 0.78 |
| Repairs and maintenance | 1.56 | 1.08 | 1.90 | 0.88 | 0.83 | 0.57 | 0.68 | 0.74 | 0.23 |
| Depreciation | |||||||||
| Improvements and alterations | 0.77 | 0.57 | 1.14 | 1.75 | 1.54 | 1.19 | 1.11 | 1.35 | 1.70 |
| Long term structural deterioration | 0.50 | 0.50 | 0.50 | 0.50 | 0.50 | 0.50 | 0.50 | 0.50 | 0.50 |
| Total depreciation | 1.27 | 1.07 | 1.64 | 2.25 | 2.04 | 1.69 | 1.61 | 1.85 | 2.20 |
Source(s):
Survey of Family Expenditures (1969 to 1996) and Survey
of Household Spending (2001 to 2006).
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