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January 17, 2011

Is your home typical?

If, while waiting for your turn in the shower, you occasionally ponder whether most Americans have more bathrooms than you do, HSH Associates has just the infographic for you. The financial publisher pulled statistics from the American Housing Survey to create the typical house. Drumroll, please:

 


Related Resources: Mortgage Rates and Mortgage Calculator at HSH.com

 

How does that match up with your living arrangements?

Here are some Baltimore-specific statistics for owners and renters alike, drawn from the separate American Community Survey:

--The most popular housing type? Single-family detached. Almost half the homes in the Baltimore metro area fall into this category.

Nearly 30 percent are single-family attached, such as townhouses and rowhouses.

Fourteen percent of homes are within buildings that have at least 10 units.

--A three-bedroom situation is most common, with 40 percent of homes in that category.

Twenty-four percent have two bedrooms.

Nineteen percent have four bedrooms.

Eleven percent have one bedroom.

Just over 5 percent -- about 60,000 homes -- have five bedrooms or more.

And about 1 percent are studio situations, with no bedrooms at all.

--The typical monthly housing cost for owners with a mortgage is just under $1,800.

For owners without a mortgage, it's about $500.

For renters, it's just under $1,000.

--Household size is a bit larger, on average, for owners.

Owner-occupied units have an average of 2.7 people, compared with 2.3 people in rented units. 

--More than half the metro area's households moved into their current home within the last decade.

A full quarter moved in 2005 or later, so you can see why there might be a fair number of underwater folks out there. Slightly less than a quarter, by contrast, last moved before 1990.

All these statistics come from the American Community Survey's most recent five-year estimates, a look at trends from 2005 through 2009. 

So: Are you typical?

Posted by Jamie Smith Hopkins at 6:00 AM | | Comments (4)
Categories: Housing stats
        

Comments

Wow nobody answered? LOL um, my primary residence is typical per the Baltimore-area data except I have one occupant and my 15 year mortgage is almost 2500 per month.

I never know what will start a conversation. Apparently not this. :-D

I left a comment a couple of days ago.But it seemed to hav e gotten lost.

i think that most people in Baltimore City live in rowhouses.And because of that , they would be considered untypical since most americans live in detached single family houses

Pete, I'm guessing the Internet ate your comment -- perhaps it didn't make it past the Captcha step. Sorry about that!

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About Jamie Smith Hopkins
Jamie Smith Hopkins, a Baltimore Sun reporter since 1999, writes about the regional economy. Her reporting on the housing market has won national and local awards. Hopkins is a Columbia native and has lived in Maryland all her life, save for 10 months spent covering schools in Ames, Iowa.
She trained to become a wonk by spending large chunks of time as a geek and an insufferable know-it-all.
Baltimore Sun articles by Jamie
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