A Profile of Older Americans: 2002
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 homeowners of all ages.
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.
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
"American Housing Survey for the United States in 2001, Current
Housing Reports" H150/01.)
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Last Modified: 12/31/1600