Housing

Home Housing Cost and Affordability Mortgage

Mortgage

The mortgage is one of the common statistics about monthly owner costs. This data can be used to analyze whether adequate housing is affordable for residents and to provide housing assistance programs. It can also help enforce laws, regulations, and policies against discrimination in government programs and in society. The mortgage status shows that Hampton County had the lowest percentage of homeowners who had a mortgage among the four counties in 2022. For the monthly mortgage payment, the majority of homeowners in all counties paid between $1,000 and $1,500 per month.

Data Notes
Definition	Mortgage: All forms of debt where the property is pledged as security for repayment of the debt, including deeds of trust, trust deed, contracts to purchase, land contracts, junior mortgages, and home equity loans.
Data Source	U.S. Census Bureau, American Community Survey 5-Year Estimates
Last Updated	April 2024