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2001 Homeownership Progress Report |
Number and percentage of homes purchased in each geographic area
- Area A: 16, or 22%
- Area B: 58, or 78%
Under terms of the program, two-thirds of the total funding is targeted to Area A, which includes the Weinland Park neighborhood and the central portion of the University District. One-third of the funding is designated to Area B, which includes the University District north of Norwich Avenue and the Dennison Place neighborhood in the southwest portion of the University District.
Purchase prices of homes
- Highest priced home: $312,000
- Lowest priced home: $33,000 (condominium)
- Average selling price: $105,556
- Median selling price: $89,450
Housing affordability
- Number of houses purchased for less than $50,000: 2, or 3%
- Number of houses purchased for $50,000 to $70,000: 11, or 15%
- Number of houses purchased for $70,000 to $90,000: 25, or 34%
- Number of houses purchased for $90,000 to $100,000: 10, or 14%
- Total number of houses purchased for less than $100,000: 48, or 65%
Employees used more than 36 different lenders and no one lending company wrote more than 6 mortgages.
Types of homes
- Single-family homes: 68
- Doubles: 6
Characteristics of university employees who purchased homes
Nationality
- White: 59
- Asian: 1
- African-American: 2
- Hispanic: 1
- Undisclosed: 11
Gender
Salary
- Highest Salary: $212,004
- Lowest Salary: $17,742
- Average Salary: $39,732
- Median Salary: $34,950
Number of First Time Home Buyers: 55, or 74%
Employment Category
- Faculty: 21, or 28%
- Administrative and Professional: 29, or 39%
- Sr. Adm. & Prof.: 5, or 7%
- Classified Civil Service: 19, or 26%
Number who previously lived outside the University District: 54, or 73%
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