The herald., 1894-08-31
Do YOU OWN YOUR DOMCILE
Many People in the Country
Do Not.
Farms and Homes Plastered Over
With Mortgages.
Census Statistics on Home Proprietor
ship-More Thsn Half tho Popula-
tion Are TsnARts-ReaI Es-
tnte Incumbrauces.
Rv The Assnniatad prass

WASHINGTON, Aug. 30.--The census
Office gave to the public today the prin-
cipal results of the investigation OF farm
and home proprietorship in all the states
and territories. This s the first inves-
tigation of this kind ever conducted in
any country. OF the IL, 269, l25 families
in the whole country, almost 40 per cent
own their farms and homes and the rest
hire. OF the families owning
farms and homes, almost IS per
cent have membranes. and over
72 per cent have no incumbrance. The
number of resident owners OF land in
the United States is 6.066,4l to which
must be added any land owners who
may be living in tenant families. The
farm families number 1876, ia, of which
66 per cent own their farms and others
hire. Oithe owning families over 2S per
cent have membranes on their farms.
In 1880. 1856 per cent of the farms
were hired.
In the cities that contain over 100, 900
population there are 1,948,834 home
families of which almost 20 cent own
and II per cent hire, while Of the own
ing families 5S per cent own subject to
incumbrance.
Among the cities having 100, 900 pop
ulstion and over, New York has the
highest percentage of home tenancy,
nearly 93.67 per cent; Boston next
with S157 per cent; Brooklyn
third. with S1.44; Jersey City
S1.s0; Cincinnati, SO.12; Baltimore,
73.44; Buffalo. COOS; Chicago, 1927;
Cleveland, 60.90; Denver, 70.S9; Mime.
apolis. 6S S6; New Orleans, 1851 Phila-
delphis. 1920; St. Louis, 1924 St.Paul,
$3.50; San Francisco, 7S.46; and Wash-
ington, 74.S0. The smallest percentage
is Sc, representing Rochester. N. Y.
Bringing the urban population into
contrast with the nom n-urban population,
almost A per cent of 4,264, $50 home
families. living outside OF cities and
towns OF 5000 people own their homes,
and Sc per cent hire. OF the owning
families II per cent own without inoum-
brance. The value of the 1896. S0S in
cum bered farms and homes is SIS, ,6S7,-
29S, ,o69, and the membranes aggregate
So, 1872, ,944 ,563, or $3.50 per cent OF the
value.
OF the incumbrsnoe on farms and
homes over % per cent bears interest at
rates less than per cent, 81 per cent at
the rate of per cent, SO per cent at
rates greater than per cent, and IL per
cent at rates greater than s per cent.
The average of the value OF each
owned and incumbered farm in the
United States is $344i; oil each incum-
bered home, 1920, and the average
incumbrance of each OF the farms is
$l224 on each incumb0red home, Sl293.
The SS6977 farms subject to incum-
brancs are worth So, 3,O54, 1924, ,l66, and
the incumbrancs is Sl.0S5, ,995, $50, or
35 50 per cent OF the value. The $685.
933 homes subject to membranes are
valued at 81 1882, ,374. $40. and the incum-
brRuce is $l,046, ,953, ,003, or, 1917 per
cent of the value.
The cities of 5000 to 100 900 popula-
ton have 214,6l3 incumbered homes
occupied by owners, worth s739 $40, ,oS7,
with an ircumbrsnce amounting to
1892. Gil ,974, which is 1886 per cent OF
the value. In the cities OF 100000 pop
ulation and over the value of the l6S. l59
incumbered homes occupied by owners
ia 1884, l9l ,9ll, and these homes are ia
cumbered for s393. .029, 1888, or 43.07 per
cent of their value. In the country,
Cut1lu6 bub Clty anu bOWAb Va COOo vOo-
pie and over, the value of the AT, ,l6l
incumbered homes occupied by owners
is $95S, 1897 ,006 and the incumbered is
1851, ,31l, 1895 or 81. 20 of the value.
In the cities having at least 10000
population S. 555 represents the aver
age value OF each home owned and in
numbered. New York has the highest
value. $4,000; San Francisco second.
with $7993; Brooklyn third. with
81. 7.499; Omaha fourth, with s7.l79, and
Washington fifth, with s7,045.
The annual interest on each owned
and incumbered home in these cities is
$l34. The highest amount is in New
York. S438, and the lowest amount $33,
in Louisville. Denver has the highest
average rate OF interest on the incum-
brance OF owned and incumbered homes,
1887 per cent, and Nav Orleans is sec
ond, with 7.S per cent. New York has
the loweat rate, 4.95 per cent; Boston
next, with GA per cent.
Over "A per cent OF the incum branca
on owned farms was incurred IN buying
real estate and making improvements,
and SO per cent OF the incumbrance WAS
for the purpose of buying and improv-
ing real estate, investing in business,
etc. Over "a per cent of the incum-
brances OF the homes was incurred to
secure the purchase money and to make
Improvements.
Army of West Virginia.