Iron County register. [volume] (Ironton, Iron County, Mo.) 1867-1965, 1894-08-30
INTERESTING TO M!ssoURlANs.

Debt. as Shown by Census Returns-Inter-
est;ng Facts About Homes in Missouri
The Per Cent. OF Those Who Rent. Those
Who Have Mortgages On Their Homes
And Those Who Have them Clear OF
Debt.
An extra census bulletin, giving sta
tistics OF farms. homes, mortgages,
ownership and debt in the state of Mis-
souri,, shows that 31.05 per cent. of the
farm families hire and 6s.95 per cent.
own the farms cultivated by them;
that 36.43 per cent. of the farming fami-
lies own subject to incumbrance. and
cas-. per cent. own free of incum brance.
Among 100 farm families, 81 hire their
farms, % with incumbrance and A with
out incumbrance. On the owned farms
there are liens amounting to $50, 753. oil,
which Is 32.2S per cent of their value.
and this debt bears interest at the aver
age rate OF 7.93 per cent, making the
average annual interest charge SOS to
each family. Each owned and .incum-
bered farm. on the average. is worth
S2.643, and is subject to a debt of 1858.
FACTS ABOUT HOMES.
The CORES ponding facts for homes
are that 63. II per cent of the home
families hire and 1926 per cent own
their homes: that of the homecoming
families TAOS per cent own free of in
cumbrance. and 21.92 per cent with in
cumbrance. In 100 home families on
the average Ga hire their homes. 10 own
with incumbrance and 20 without in
cUmbrance. The debt ON owned homes
aggregates sa9.232,65s. Or rs per cent
of their value. and bears interest at
hn 20 81
that the annual amount of interest to
each home averages $40. An average
debt of S1-041 incumbers each home,
which has the average value of S2,616.
IN SIX CITIES.
There are six cities in the class of
those having a population of 5000 to
100000, and in these cities 59..2 per
cent. of the home families hire and
4O.2S per cent. own their homes: and of
the home-owning families 31.27 per
cent. own with incumbrance and GS.1
own free of REMEMBRANCE. In 100 home
families, on the average. are found 60
that hire their homes, II that own with
lncumbrance, and 2S that own without
lncum brance. The liens on the owned
homes are 3s-4 per cent. OF the value
OF those subject to lien. Several aver
ages show that the rate of interest is
sos per cent: value Of each owned and
encountered home, $500: lien on the
same. 1923. and yearly interest charged
on each home. S14.
IN KANSAS CITY.
Kansas City and St. Louis are the
only cities in the state having a popu-
lation of more than 100. 900. In Kansas
City 1851 per cent. of the home fam
lilies hire and %. Is per cent. own their
homes: 1922 per cent. of the hometown
ing families have incum ORANGES on their
homes, and 53. IS per cent. own and oc
cupy homes free of incum brance.
Among 100 home families. on the aver
age. - hire, IL own with incumbrance
and II without incumbrance. Aver
ages for each owned and incumbered
home: lncumbrance, S2.2S9; value,
S5.S26: interest charged for one year,
s16S; rate of interest, 733 per cent.
Homes are incumbered for 1928 per
cent. of their value
IN ST. LOUIS.
In st. Louis 1888 per cent. of the
home families hire and 2O.47 per cent.
own their homes: God per cent. OF the
homecoming families have lncum-
brance on their homes. and 13. rs per
cent. own and occupy their homes free
of membranes. Among 100 home
families, on the average, so hire, 5 own
with incum brance and Is without in
cumbrance. Averages for each owned
and incum bered home: Incumbrance.
81. 9S3; value. S4.323; interest charged
for one year, S122; rate of intel est, Is
per cent. Homes are incumbered for
$50 per cent. of their value.
CAUSES OF THE MORTGAGES.
Real estate purchases and improve
ments, when not associated with other
objects, caused 1926 per cent. of the
farm debt. or families to incur 12.14 per
cent. of the farm debt and 1914 per
cent. of the home debt. Or families to
incur 20. 50 per cent. of the home debt.