Mortgage Status
Mortgage Status
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The American Community Survey, conducted by the U.S. Census Bureau, collects data on the mortgage status for owner-occupied housing units in each of the five counties. Information regarding data on the mortgage status in each county can be found below. Southwest Florida had a decline in the Mortgage Status number of owner-occupied households Southwest Florida that had a mortgage from 2011 to 2015, while also seeing an increase in the With a mortgage, number of owner-occupied households contract to purchase, without a mortgage during the same or similar debt period. The region had 171,492 households with a mortgage in 2015, a Without a mortgage 13.6 percent decrease from 2011. There were also declines in the households with either a second mortgage or home equity loan (30,437 households, 38.9 percent decrease from 2011), both a second mortgage and home equity loan (1,040 households, 52.5 percent decrease from 2011), and neither a second mortgage or home equity loan (140,015 households, 4.4 percent decrease from 2011). There were 163,132 households without a mortgage in 2015, a 16.9 percent increase from 2011.
49% 51%
Mortgage Status Mortgage Status
Southwest Florida 2011 2012
2013
2014
2015
With a mortgage, contract to purchase, or similar debt
198,476
189,432
178,853
172,582
171,492
Either a second mortgage or home equity loan
49,847
45,390
39,851
34,177
30,437
Second mortgage only
9,374
8,433
7,025
5,864
5,064
Home equity loan only
25,373
40,473
36,957
32,826
28,313
Both second mortgage and home equity loan
2,188
1,916
1,488
1,200
1,040
No second mortgage and no home equity loan
146,441
142,126
137,514
137,205
140,015
139,502
143,586
149,688
156,440
163,132
Total 337,978 333,018 Source: U.S. Census Bureau, American Community Survey 5-year estimates
328,541
329,022
334,624
Without a mortgage
Charlotte County had a decline in the number of owner-occupied households that had a mortgage from 2011 to 2015, while also seeing an increase in owneroccupied households without a mortgage during the same period. The county had 27,018 households with a mortgage in 2015, a 12.6 percent decrease from 2011. There were also declines in households with either a second mortgage or home equity loan (5,298 households, 28.8 percent decrease from 2011), both a
Mortgage Status Charlotte County
52% 48%
With a mortgage, contract to purchase, or similar debt Without a mortgage
334