PROJ01934 ‎(2)‎

• Contract/PO #: C153471
• Contractor Name: Frederick, Town of
• Contract Type: Loan
• Water District: 0
• County: Weld
• Loan Projects - Doc Type: Feasibility Study

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According to the 1990 U.S. Census, the majority of homeowners moved into their dwelling between
1989 and March of 1990 (24 %) and between 1985 to 1988 (28 %). In addition, 14 % of homeowners
moved into their homes between 1980 and 1984; 13% between 1970 and 1979; 2% between 1960 and
1969; and 19% have lived in their household since before 1960.

YEAR HOUSEHOLDER MOVED INTO UNIT
1990 U.S. Cenaua Oata

100
90
.! 80
,Q,. 70
o
G) 60 "-
A. 50 '
(; 40 ".
=It 3D -
20 "
10
o
1988 - 3/90
1985 - 1988
1980 -1984 j
1910 -1979
1960 - 1968
18119 or ..rller

Timeframe

Overall, monthly homeowner costs (mortgage and maintenance expenses) are fairly reasonable in
Frederick. The 1990 U.S. Census reports that 35% of homes (77 homes) are not mortgaged. Of the
140 homes that are mortgaged, monthly homeowner costs are less than $300 for 4 % of the population;
between $300 -$499 for nearly 8 %; between $500 and $699 for 46 %; between $700 and $999 for 35 %
of the population. Six percent of Frederick homeowners report paying between $1,500 and $1,999
each month on mortgage an~ maintenance expenses.

MONTHLY MORTGAGE PAYMENTS IN FREDERICK
1990 CENSUS INFORMATION

$100 - .11. IU.oo"

Median Mortgage Payment = $671/ month

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