The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1894-08-31
OWN THEIR HOMES.
Half the Families Of United
States are PrOprietOrs.
Results Of First Investigation
Of Farm Ownership.
MEAN VALUES s3,444.
Farm membranes Are 35 Per
Cent of Their Value.

WASHINGTON, Aug. 51.-The census
Office gave to the public yesterday
the principal results Of the investi-
cation of farmer home proprietor
ship in all of the states and terrific
ries- This is the first investigation of
the kind ever conducted IN any coun-
try. Out Of the II, 900, 152 families in
the whole country almost IS per cent
own their farms and homes, and the
rest hire. Of the families owning
farms and homes almost % per cent
have incum ORANGES and over 70 per
cent have no incumbrance. The num-
Der of resident owners of land in the
United States IS 6,O66, All, to which
must be added any land owners who
may be living in tenant families i he
farm families number 4,676 ia, of
which 66 per cent own their homes
and others hire. OF the owning fami-
lies over % per cent have incum-
brances on their far ms. n 1850, 25. Sc
per cent of the farms were hired
In the cities that contain over 100,-
600 population there are 1,94S, 834
home families, of which almost 20 per
cent own and n per cent hire, while
of the owning families 3S per cent
own subject to incum brance. Among
the cities having 100, 600 population
and over New York has the highest
percen tage of home tenancy, nearly
80. 81; Boston is next with 81 81 per
cent; Brooklyn third, with 81.44 per
cent; Jersey City, 51.2O per cent, and
Cincinnati, 80 81 per cent The per-
centage for Baltimore is 75- "a; Bur
falo 60. o.; Chicago, 1927; Cleveland,
60. 9Os Denver, 0-s9; Minneapolis.
6s. SO; New Orleans, rs 81; Philadel-
phia, 77.24; St Louis, 1888; St Paul,
50. 50; San Francisco. 7s 40; and Wash
ington, D. c., 74-sO. The smallest
n Y.
Bringing the urban population into
con trast with the non urb ban Popula-
ton, almost A per cent of 4,224, $50
home families II wing outside of cities
and towns of 5000 people own their
own homes, and So per cent hire. OF
the owning families n per cent own
without incum brance-
The value of the 81, 696, $50 incum-
bered farms and homes is IS. 6S7, $780,
O69, and the incum brances aggregate
81, 1852, Gao. 500 or 81 so per cent of the
value. OF the incum brances on farms
and homes, over p per cent bears in
terest at rates less than per cent, "a
per cent at the rate Of per cent, SO
per cent at rates greater than per
cent and II per cent at rates greater
than per cent
The average of value Of each owned
and incum bered farm in the United
States is SO, 444; each of incum bered
home, SO, $50. and the average incum-
brance on each Of the farms is 81, 224;
on each incu bered home, 81, 293.
The $50, 957 farms subject to incum-
brance are worth 3,O54, 923, los. and
the incum brance is S1,Os5, 995. $50, or
35. SIS per cent of the value The SO9,-
933 homes subject to incum brance are
valued at S22, 632 374, 9O4, and the in
cumbrance is 81, O46, 953, COS, or 39.77
per cent of the value
The cities of g. 600 to 100. 600 11Onul IA
ton have 21z,613 incum hered homes
occupied by owners, worth S739, S46, 097
with an incum brance amounting to
1922, 81 l. 974, which IS 80. SIS per cent of
population and over, the value of the
1853. 159 incum bcred homes occupied
by oyvne rs is 1884, 191. ST. and these
homes are incumbered for 1898, O29,-
s33, or for -. OF per cent Of their val
ue. In the country 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 incun brance is 1851, 311,-
796, or 81. 90 per cent of the value
In the cities having at least 100, 600
population. IS, 555 represents the av-
erage value of each Ov ned and in
numbered home. New Y Ork has the
highest value, 1920; San Francisco
second with 81, 1913, Brooklyn third
with 81, $40, Omaha fourth with ST.
and washington fifth with S7,O45.
The annual interest charge on each
owned and incum bered home in these
cities is S134. the highest amount be-
ing $43s in New York and the lowest
amounting to S33 in Louisville. Den
yer has the highest average rate of
interest on the incumbrance
ON owned and incum bered homes,
namely, 7.87 per cent. and New
Orleans is second, with 7.s6 per cent;
New York has the lowest rate, 4. 95
per cent and Boston stands next with
g. IA per cent Over ~ per cent of the
incumbrance on owned farms was in
CURED in buying real estate and MAX
ing improvements and over 80 per
cent Of the incumbrance was for the
purpose Of buying and improving real
estate, investing in business, etc
Over 81 per cent of the incumbrance
on homes was incurred to secure pur-
chase money and TO make improve
ments-