The Cape Girardeau Democrat. (Cape Girardeau, Mo.) 1876-1909, 1894-09-01
INTERESTING TO MIssouRIsNs.

karH1s, Homes, tga Ownership and
Debt, rs Shown by Census Returns-Inter-
esting 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 81. 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 W subject to incumbrance, and
63.57 per cent. own free of incumbrance.
Among 100 farm families, 81 hire their
farms, 25 with incumbrance and A with
out incumbrance. On the owned farms
there are liens amounting to $50, 753,011,
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 ONE
The corresponding facts for homes
are that 63. "A per cent of the home
families hire and 1926 per cen w
their homes; that of the homecoming
families 72.0s per cent own free of in
cumbfance, and 27.92 per cen 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 S29. 232, 65S, or 80. IS per cent
of their value. and bears interest at
the average rate of 100 per cent: SC
that the annual amount of interest to
each home averages SO. An average
debt of s l,O41 incumbers each home,
which has the average value of S2,616.
IN SIX CITIES.
There are six cities in the class of
those having n population of 5000 to
100, 600. and in these cities 59.72 per
cent. of the home families hire and
40.2S per cent. own their homes; and of
the homecoming families S1.27 per
cent. W with incumbrance and GS. 73
own free of incumbrance. In 100 home
families, on the average, are found 60
that hire their homes, II that own with
incutnbrance, and IS that own without
incumbrance. The liens on the owned
hoTes are 3S.4s 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
encumbered home. $3.50; lien on the
snme, 1923, and yearly interest charged
on each home, S74.
IN KANSAS T
Kansas City and st. Louis are the
only cities in the state having a popu-
lation of more than 100, 900. In Kansas
City 1857 per cent. of the home fam
lilies hire and a3.13 per cent. own their
homes; 46.22 per cent. of the hometown
ing families have membranes On their
homes, and IS. rs per cent. own and oc-
homes free of incumbrance.
Among 100 home families, on the aver
age, II hire, IL w with incumbrance
and II without incumbrance. Aver
ages for each owned and incumbered
home: Incumbrance, $3.50; value,
S5,S26; interest charged for one year,
SiGS; rate of interest, 7.33 per cent.
Homes are incumbered for So per
cent. of their value.
IN Il. LOUIS.
In st. Louis 1888 per cent. of the
home families hire and 2O.47 per cent.
own their homes: 26. "a per cent. of the
families have incum-
brance on their homes, and 80. IS per
cent. and occupy their homes free
OF membranes. Among 100 home
families, on the average, SO hire, 5 own
with incumbrance and Il without in
cumbrance. Averages for each owned
incumbercd home: Membranes.
81 1883; value, S4.323; interest charged
for one year, S12a; rate of inter est, ) Is
per cent. Homes are in~cumbered for
49, Sc per cent. of their value.
CAUSE 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 72.7 per
cent. of the farm debt and 79.74 per
cent of the home debt, or families to
9.S9 per cent. of the home debt.