The Iola register. [volume] (Iola, Allen County, Kansas) 1875-1902, 1894-09-07
HOME OWNERS.
American Farmers Who Own Their Lands
-Incumbered and Unincumbered Homes
Census Office Statistics.


WASHINGTON, Aug. 31.-The census
Office gave to the public yesterday the
principal results of the investigation
of farmer home proprietorship in all of
the states and territories This is the
first investigation of the kind ever con-
Quoted in any country. Of the $780,
152 families in the whole country al
most 4S per cent. own their farms and
homes and the rest hire. = OF the fam
lilies owning farms and homes almost
% per cent. have membranes and
over 7a per cent. have no incumbrance.
The number of resident owners of land
in the United States is 6,OG6,41 to
which must be added any land owners
who may be living in tenant families.
The farm families number 4,676, ia, of
which &C per cent. own their homes,
and others hire. OF the owning fami-
lies over 90 per cent. have membranes
on their farms. In 1880, 25. Sc per cent.
of the farms were hired.
In the cities that contain over 100, 0O0
population there are 1,94S, 1874 home
families, of which almost % per cent.
own and "a per cent. hire, while of the
owning families SO per cent. own sub
ject to incumbrance. Among the cities
having 100000 population and over
New York has the highest percentage
of home tenancy, nearly 93.67; Boston
is next with s1.57 per cent; Brooklyn
third, with s1.44 per cent: Jersey City,
s1.2O per cent, and Cincinnati, S0.S2
per cent. The percentage for Balti-
more is "a: Buffalo, COOS; Chicago,
71.27; Cleveland, &C. 90; Denver, 1889;
Minneapolis, g. Sc; New Orleans, 1881;
Philadelphia, 1924; st. Louis, 1855; st.
Paul, 50. so: San Francisco, 1916, and
Washington. a. so. The smallest per-
centage. Sc, represents Rochester, n. Y.
Bringing the urban population into
contrast with the non-urban popula-
ton, almost A per cent. of 4,224,5GO
home families living outside of cities
and towns of 5000 people, own their
homes and SO per cent. hire. of the
owning families n per cent. own with
out incumbrance.
The value of the 600. 500 incumbered
farms and homes is $685., 296, 069. and
the membranes aggregate s., 162, 3d.
OOJ, VI Ot-oO per CCIt- VI Iht diuts VI
the membranes on farms and homes,
over 90 per cent. bears interest at rates
less than 6 per cent, 81 per cent. at
the rate of 6 per cent, 80 per cent. at
rates greater than per cent, and IL
per cent. at rates greater than s per
cent.
The average of value of each owned
and incumbered farm in the United
States is 50. IA: of each incumbered
home, $3.50. and the average incum-
brance on each of the farms is Sl,224;
on each incumbered home, 81, 293.
The SS6.9j7 farms subject to ineum-
brance are worth S3.054. 923, 165, and the
incumb rance is S1,OSJ. 995, $50, or 81. 81
PEE cent. of the value. The 500 933
homes subject to incumbrance are val
ued at 500. 632 37i. 90i. and the incum-
brance is 81 .Oi6, 953, 603, or 80. - per cent
of the value.
The cities of 5000 to 100000 popula-
ton have 214,613 incumbered homes
occupied by owners. worth S739. SAG, 0S7,
with an incumbrance amounting to
SOC. Gil ,914, which is 1886 per cent. of
the value. In the cities of 1OO,0 900 pop
ulation and over the value of the 1Gs,
l59 incumbered homes occupied by own
ers is 1894. 191. S11 and these homes are
incumbered for 1898, 029. 1913, or for A.. or
per cent of their value. In the coun-
try outside of cities and towns of 5000
people and over the value of the 427. 161
incumbered homes occupied by owners
is S95S. 337. OO6. and the incumbrance is
s36l. 81, 40, or 1910 per cent. of the
value.
In the cities having at least 100000
population, Sj.555 represents the aver
age value of each owned and incum-
bered home. New York has the high
est value. $4,000: San Francisco sec
ond, with 1898; Brooklyn third, with
S7.349: Omaha fourth. with S7,179 and
Washington fifth, with S7,0i5. The
annual interest charged on each owned
and incumbered home in these cities is
1874. The highest amount being Si3S
in New York and the lowest amount
ing to S33 in Louisville. Denver
has the highest average rate
of interest on the incumbrance
on owned and incumbered homes,
namely, 7.s7 per cent, and New
Orleans is second, with ESQ per cent.
New York has the lowest rate, 4.95 per
cent. and Boston stands next with 5.14
per cent. Over "a per cent. of the in
cumbrance on owned farms was in
Cured in buying real estate and max
ing improvements, and over SO per
cent. of the incumbrance was for the
purpose of buying and improving real
N 70 inraStiuo in I'm Over
81 per cent. of the incumbrance on
homes was incurred to secure purchase
money and to make improvements