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- Title
A Model of Factors Correlated to Homeownership: The Case of Utah.
- Authors
Delgadillo, Lucy
- Abstract
This article examines the relationship between homeownership and socioeconomic, demographic, and market factors in Utah. By 1998, households with income less than the median area income had an homeownership rate of about 50%, and for households with income higher than the median local income, it was about 80%. In terms of homeownership, an affordability ratio is measured as the ratio between monthly housing payments of homeowners (mortgage payments, real estate taxes, fire and hazard insurance, utilities and fuel) and household income (Bourassa, 1996). The median household income is the amount that divides the distribution of incomes into two equal groups, one half having income above the median and the other half having income below the median. Where S = educational attainment score, A = percentage of persons with less than a ninth-grade education, B = percentage of persons with a ninth- to 12th- grade education, no diploma, C = percentage of persons who are high school graduates or the equivalent, D = percentage of persons with some college, no degree, E = percentage of persons with an associate's degree, F = percentage of persons with a bachelor's degree, G = percentage of persons with a graduate or professional level degree.
- Subjects
UTAH; HOME ownership; SINGLE family housing; LOW-income housing; CENSUS; HOUSING
- Publication
Family & Consumer Sciences Research Journal, 2001, Vol 30, Issue 1, p3
- ISSN
1077-727X
- Publication type
Article
- DOI
10.1177/1077727X01301001