The morning call., 1894-08-31
OWN THEIR HOMES
That Is the Rule in
America.
BOTH CITY AND COUNTRY.
Very Many of Them Are Heavily
InCumbered.
, SOME FIGURES ON MORTGAGES.
Given Out for the First Time by
the National Census
Bureau.
SOME FIGURES ON MORTGAGES.

- WASHINGTON, Aug. 30.-The census
: Office gave to the public to-day the princi-
: pal results of the investigation of farmers
.: nome proprletorship III all the States and
territories. This is the first investigation
OF the kind ever conducted in any coun-
, try. OF the 1929, 125 families in the
:. whole country almost4S per cent own their
;Iarnls and homes and the rest hlte. VI
The families owning farms and homes al
:. most % per cent have incum brances and
!: Y per cent have no incumbrance. The
number of resident owners of land in the
: United States is 6,066. All, to which must
:; be added any landowners who may be
living in tenant families. The farm faml-
= lies number 4,676 ia. of which 90 per cent
own their farms and the others hire. VI
: tie owning families over 2S per cent have
:: incum brances on their farms In 1880
95 So per cent OF the farms were hired.
;: In the cities that contain over 100, 900
.: popula ton th ere are 1.94S. S34 home FAM
lilies, of which almost 23 per cent own and
-:7.rent while of the owning families 50
per: cent are subject to incumbrance.
a moRg the cities having 100, 600 population
and:over, New York has the highest per-
centags of home tenancy. nearly 90. 81 ;
Boston is next with 81.57 per cent; Brook
:lyn third. with Sl.44; jersey City 8LSO,
:: Cincinnati 60.12, Baltimore 1894. Buffalo
60.03, Chicago 71.27, Cleveland $3.50. Den
- yer 70.S9, Minneapolis $3.50, New Orleans
81. Philadelphia 1920. st. Louis 1924,
: ST. Paul 80 So San Francisco 70. 46. and
Warrington 1880. The smallest percent
= age is Sc. representing Rochester, n. 7.
=: Bringing the urban population into con-
=: trast with the non-urban population, al
mogt 81 per cent of 1924 800 home families
= living outside of cities and towns of 5000
people Own their own homes, and 56 per
cent hire.
OF the owning families II per cent own
without incumbrance. The value of the
:L696. sos incumbered farms and homes is
= So, 6S7. 069, and the membranes aggre-
gate 81, 162. ga, 563. or 81. so per cent of the
value. Of the incum brance Cd farms and
homes over % per cent bears interest at
rates less than per cent, "a per cent at
the rate of s per cent. SO per cent at rates
. greater than per cent. and II per cent a.
rates greater than s per cent.
= The average Of value of each owned and
-. .iIcum beTed farm in the United States ia
S3444; of each incumbered home is
$3.50. and the average incumbrance of
each of the farms is 1924; on each in
cum bered home, S1293. The $50. 977 farms
subject TO incum ORANGES are worth So
O5E 922. 165, and the incumerance is ST.
OLA 995. $3.50. or 1886 per cent of the value.
The S09,933 homes subject to incum-
braAce are valued at So, $50. 375. $40. and the
incumbrance Is 81, 046 953, OO3. or SO. II per
cent of the value.
The cities of 5000 to 100. 900 population
have 214,612 incum bered homes occupied
by owners. worth S739, 846 O87. with an in
cum brance amounting to $780,, 81, 974,
which is 1886 per cent Of the value. In
the cities of 100000 and over the value of
the 16S. 159 homes occupied by owners is
1924 191. 911, aud these homes are incum-
bered for $685., 029, 853. or 42.07 per cent of
their value. In the country, outside of
the cities and towns of 5000 people and
over. the value of the 427, 161 incumbered
homes occupied by owners is 1888 337, OO6,
and the incunbrance is 1851, 81, 1856, or
$40 per cent of its value.
In the cities having at least 100. 600 pop
ulation S5555 represents the average value
Of each home owned and incum bered.
New York has the highest value. SIG, 200,
San Francisco second with S7993, Brook
:A1u tAllO HitA O17SSs Oudud IOuFGQ Win
S7I7q. and Washington fifth with S7O45.
The annual interest charge on each owned
ana incumbered home In these cities is
.:S134; The highest amount is in New
: 7 ork, S438, and the lowest amount, $685. in
:. Louisyille. Denver has the highest average
" rate: of interest on the ineumbrance on
owned and incumbered homes. 1887 per
!: cent, and-New Orleans is second with 7.8
per cent. New York has the lowest rate.
A95 per cent, and Boston stands next with
5.14 per cent.
:: Oyer "a per cent OF the incumbrance
: on owned farms was incurred in bying real
estate and making improvements. and SO
percent of the incumbrance was for the
purpose OF buying and improving real
estate, investing in business, etc. Over "a
per cent of the membranes of the HON es
was incurred to secure the purchase money
p. and to make Improvements.