The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1894-08-31
FARMS AND HOMES
INTERESTING FACTS FURNISHED BY
THE ENsUs BUREAU.
About Half the Families i'm
Live In, and the Rest Hire.

WASHINGTON, Aug. so. - The Census
Office gave to the public to-day the princi-
pal results of the investigation of farm and
home proprietorship in all of the States and
Territories. This is the first investigation
of the kind ever conducted in any coun-
try. OF the 12,69O,l 52 families in the whole
country, almost IS per cent. own their
farms and homes, and the rest hire. Of the
% per cent. have membranes. and over
u per cent. have no incumbrance. The
number 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. The farm antilles num-
Der 4,676,179, of which &c per cent. own their
families over IS per cent. have incumbrance
on their farms. In 1880 &.56 per cent. of
the farms were hired.
In the cities that contain over 100, 600 pop
ulation there are 1,9iS, S34 home families, of
which almost % per cent. own and II per
cent. hire, while of the owning families IS
per cent. own subject to incumbrance.
Among the cities having 10000 population
and over New York has the highest per-
centage of home tenancy, nearly 1851; Bos-
ton is next, with Si.57 per cent; Brooklyn
-
fourth, with S1.20 per cent, and Cincinnati
fifth, with @.s2 per cent; The percentage
for Baltimore is 1894; Buffalo, 60.03; Chica-
go, 1.27; Cleveland, $3.50; Denver. 7O.S9;
Minneapolis, $3.50; New Orleans, ISL; Phil
adelphia, U.24; st. Louis, 1858; St. Pau,
80. so; San Francisco, 7S.46; Washington, d.
c.. 74.S0. The smallest percentage 800 rep
resents Rochester, y. Y.
Bringing the urban population into con-
trast with the nonurban population, almost
A per cent. of 4.224,560 home families living
outside OF cities and towns of 5000 people
own their homes. and So per cent. hire. OF
the owning families "a per cent own with
out incumbrance.
The value of the 1.696,S 500 incumbered
farms and homes is S5.6S7. 296. O69 and the in
cumbrances aggregate 1912, 9i9, 563, or $3.50
per cent. Of the value OF the incumbrance
on farms and homes over 30 per cent. bears
interest at rates less than 6 per cent, 81
at the rate of 8, 80 per cent. at rates great
err than 6 per cent. and IL per cent. at rates
greater than S per cent. The average of
value of each owned and incumbered farm
in the United States is IS, 444; of each incum-
bered home, s.. $50. The average incum-
brance on each of the farms is Sl,224; on
each incumbered home, 1928. The SS6.957
farms subject TO incumbrance are worth
S3,054, 923, 165. and the incumbrance is $l,0S5,-
99o. $50, or $3.50 per cent. OF the value. The
valued at so. 632. 374. 90i, and the incumbrance
is 81, 0i6. 95S. 1908. or 1871 per cent. of the
value.
The cities of 5000 to 100. 900 population
have 214,613 incumbered homes occupied by
brance amounting to $292. Gil .974. which is
3955 per cent. OF the value. In the cities
OF 100. ZOO population and over the value
of the 16S. 159 ncumbere homes occupied
by owners is 1924. 191. Sl1. and these homes
are incumbered for 1898. O29, s33. or for 42.0
per cent. of their value. In the country
outside of cities and towns of 5000 people
and over the value of the ~. 161 incumbered
homes occupied by owners is sos. S37 ,0G6,
and the incumbrance is S6l, 81. 1876. or 81. 10
per cent. of the value.
In the cities having at least 100000 popula-
ton $3.50 represents the average value of
each owned and incumbered home. New
York has the highest value, $19, POO: San
Francisco second, with 1898: Brooklyn
third. with $7.549: Omaha fourth, with ST.
179; Washington fifth. with $7.C5i. The an
nual interest charge on each owned and
incumbered home in these cities is S13i. the
highest amount being $43S. in New York,
and the lowest amounting TO $50, in Louis
vile. Denver has the highest average rate
of interest on the membranes on owned
and incumbered homes, namely 7.S7 per
cent. and New Orleans is second with
7.SS per cent: New York has the lowest
rate. 4.95 per cent. ard Boston stands
next with 5.14 per cent. over ~ per cent.
of the membranes on owned farms was
incurred in buying real estate and making
improvements. and over So per cent. of the
incumbrarce was for the purpose of buying
and improving real estate and investing in
business. over 81 per cent. Of the incum-
brance on homes was incurred To secure
the purchase money and TO make improve
mRnrS