Extra census bulletin

V

*HA20I . I'^90.A2^

ciV9 : :

Apr. IB92-
^ Auq. 1394

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Extra Census Bulletin.

No. 31. WTASHINGTON, D. c. February 25, 1893.

STATISTICS OF FARMS, HOMES, AND MORTGAGES.

OWNERSHIP AND DEBT IN MASSACHUSETTS.

DEPARTMENT OF THE INTERIOR ,

Census Office,

Washington, D. C, February 17, 1893.
Sir:

The leading results of the investigation of farm and home proprietorship in Massachusetts ai-e contained in
this bulletin. In regard to farms, the conclusion is that 15.06 per cent of the farm families hire and 84.94 per cent
own the farms cultivated by them ; that .30.46 per cent of the farm owning families own subject to incumbrance and
69.54 per cent own free of incumbrance. Among 100 farm families, 15 hire their farms, 26 own with incumbrance
and 59 without incumbrance. On the owned farms of this state there are liens amounting to $11,831,941, which is
41.88 per cent of their value, and this debt bears interest at the average rate of 5.58 per cent, making the average
annual interest charge |74 to each family. Each owned and incumbered farm, on the average, is worth $3,158 and
is subject to a debt of $1,323.

The corresponding facts for liomes are that 67.28 per cent of the home families liire and 32.72 per cent own
their homes ; that, of the home owning families, 60.67 per cent own free of incumbrance and 39.33 per cent with
incumbrance. In 100 home families, on the average, 67 hire their homes, 13 own with incumbrance and 20 without
incumbrance. The debt on owned homes aggregates $102,948,196, or 45.03 per cent of their value, and bears
interest at the average rate of 5.48 per cent, so that the annual amount of interest to each home averages $98. An
average debt of $1,797 incumbers each home, which has the average value of $3,990.

There are 46 cities and towns in the state having a population of 8,000 to 100,000, and in them 68.75 per cent of
the home families hire and 31.25 per cent own their homes, and of the home owning families 44.29 per cent own with
incumbrance and 55.71 per cent own free of incumbrance. In 100 home families, on the average, are found 69 that
hire their homes, 14 that own with incumbrance and 17 that own without incumbrance. The liens on the owned
homes are 44.52 per cent of the value of those subject to lieu. Several averages show that the rate of interest is
5.52 per cent; value of each owned and incumbered home, $4,167; lien on the same, $1,855, and j^early interest
charge on each home, $102.

In Boston, which is the only citj^ in the state having a population of more than 100,000 people, 81.57 per cent
of the home families hire and 18.43 per cent own their homes ; 38.82 per cent of the home owning families
have incumbrance on their homes and 61.18 per cent own and occupy homes free of incumbrance. Among 100
home families, on the average, 82 hire, 7 own with incumbrance and 11 without incumbrance. Averages for each
owned and incumbered home: incumbrance, $3,386; value, $7,026; interest charge for one year, $174; rate of
interest, 5.14 per cent. Homes are incumbered for 48.18 per cent of their value.

Real estate purchase and improv~ements, when not associated with other objects, caused 78.40 per cent of tlie
farm families to incur 79.07 per cent of the farm debt, and 82.81 per cent of the home families to incur 81.50 per
cent of the home debt.

A'ery I'espectfully.

ROBERT P. PORTER,

Snperintendeiit of Census.
The Secretary of the Interior.

C. O. p.— 3,500

STATISTICS OF FARMS, HOMES, AND MORTGAGES.

OWNERSHIP AND DEBT IN MASSACHUSETTS.

BY GEOEGE K. HOLMES AND JOHN S. I.OEn.

Selections from the results of the investigation of farm and home proprietorship and indebtedness in
Massachusetts are presented in this bulletin. Every family in the state is regarded as occupj'ing a farm or a home
not on a farm, and as hiring such farm or home, or owning it free of incumbrance, or owning it subject to
incumbrance. In the class last named, and in no other, account has been taken of the incumbrance, its rate of
interest and object, and the value of the farm or home.

No state in the union could be selected that wou.ld be more interesting than this one in regard to the ownership
of land. With 278 people to the square mile of land sm-face, it has a denser population than any other state, except
Ehode Island, and in this respect exceeds most of the counti-ies of the world. It stands high in the development of
trade and industry, and it is one of the older and wealthier states of the union. Entails were practically abolished
about 100 years ago, and for more than a generation married women have been permitted to own land as freely as
men have been.

Habitation peopeietorship. — Among the 479,790 families of the state there are .304,737, or 63. .51 per cent of
the total, which hire their farms and homes, and 17.5,053, or 36.49 per cent, which own them. Of the families
which own, 66,249, or 37.85 per cent, have farm or home incumbrance, and 108,804, or 62.15 per cent, are free of
incumbrance. In 100 families, on the average, 63.51 hire their farms and homes, 13.81 own with incumbrance and
22.68 own without incumbrance.

Faem peopeietoeship. — There are 34,576 farm families in Massachusetts, which is 7.21 per cent of the total
number of families. Of these, 29,370, or 84.94 per cent, own and 5,206, or 15.06 per cent, hire the farms cultivated
by them ; while of the owning families, 8,945, or 30.46 per cent, have incumbrance on their farms and 20,425, or
69.54 per cent, have no incumbrance. The average 100 farm families are composed of 15.06 that hire, 25.87 that
own with incumbrance and 59.07 that own without incumbrance. Details for the counties are in Table 1.

The following table shows an apparent increase in farm tenancy from 8.18 per cent in 1880 to 15.06 per cent in
1890. The sources of the statistics for 1880 and 1890 are not the same, since the figures for 1880 represent farms
and those for 1890 farm families, and any conclusions drawn from a comparison of these 2 years in this table may
be somewhat erroneous.

In the Massachusetts census of 1885 the farms numbered 45,010, of which 91.28 per cent was cultivated by
owners (including 972 farms whose proprietorship was not reported) and 8.72 was hired. The Massachusetts
bureau of statistics of labor, by which that census was conducted, treated the 972 farms as owned ; but in the
experience of this ofl&ce these farms, having no reports, would be almost entirely hired farms, and, if these 972
farms are considered to have been hired farms^ the percentages of farm tenancy in Massachusetts at 3 dates stand
thus :

PER CENT.

1880 8.18

1885 10.88

1890 (farm liiring families) 15.06

The total farm acreage was distributed in the proportion of 92.34 per cent to owned farms and 7.66 per cent to
hired farms ; 90.45 per cent of the total value of farm land is included in the owned farms and 9.55 per cent in the
hired farms.

In 1885 the state census found that the average owned farm had 87.62 acres and was worth $2,437 ; hired

farm, 76.07 acres and was worth $2,692.

3

FARMS, HOMES, AND MORTGAGES.

FARM PROPRIETORSHIP, 1880 AND 1890, BY COUNTIES.

Number „ , Number i „ ^ Percentage „ ^ I Percentage!

Number „i f„^ ^™ ^M o( ta.rm Pe/^entage ^j. ^^^^ Percentage ^„^^^
of owned „„,„;„„ of nired i.;^„„ , of owned „TTr„:„„ of hired

COUNTIES. oi owneu „^,„i„ o. iiireu ^j^^ ^ ui owneu ^^^. oi u.reu ^j^j,

families, f^™^' ! families, <^?™^' families, f""'^' families,

1S80.

1890. '°°"- ' 1890. """• 1890. ■'°°"- 1890.

The State ! 35,266

Barnstable 929 677

Berkshire 3,205 2,775

Bristol 2,495 2,706

Dukes 239 227

Essex 2,561 2,059

Franklin 3,016 2,685

Hampden 2,805 2,232

Hampshire 2,936 2,625

Middlesex 4,702 3,862

Nantucket 85 35

Norfolk 1,744 1,.528

Plymouth 2,874 1,851

Suffolk. 78 56

Worcester 7,567 6,052

94.89

92.36

5.11

7.64

85.44

81.07

14.56

18.93

91.39

79.75

8.61

20.25

88.52

90.08

11.48

9.92

89.95

82.76

10.05

17.24

92.75

89.17

7.25

10.83

91.70

85.68

8.30

14.32

94.31

87.44

5.69

12.56

92.34

85.07

7.66

14.93

97.70

76.09

2.30

23.91

92.72

84.05

7.28

15.95

95.42

89.81

4.58

10.19

80.41

45.90

19.59

54.10

92.24

85.46

7.76

14.54

Home proprietorship. — The 445,214 home families are 92.79 per cent of the families of the state, and are
divided into the several classes as follows: hiring families, 299,531, or 67.28 per cent of the total number of home
families; owning families, 145,683, or 32.72 per cent; families owning free of incumbrance, 88,379, or 60.67 per cent
of the total number owning ; families owning subject to incumbrance, 57,304, or 39.33 per cent of the owning
families. Of 100 home families, on the average, 67.28 hire their homes, 12.87 own with incumbrance and 19.85
own without incumbrance. Table 2 shows details for the counties.

City homes are both hired and incumbered in a greater degree than is found outside of cities. In the 46 cities
and towns of the state having a population of 8,000 to 100,000 there are 231,213 home families, of which 158,960,
or 68.75 per cent, hire and 72,253, or 31.25 per cent, own their homes. Homes subject to incumbrance are occupied
by 32,002 owning families, or 44.29 per cent of the total owning families, and 40,251 families, or 55.71 per cent of
the owning families, have no home incumbrance. In 100 of these city home families, on the average, 68.75 hire
their homes, 13.84 own with incumbrance and 17.41 own without incumbrance. The home proprietorship of these
cities and towns will be found in Table 3. In Holyoke 83.84 per cent of the home families hire their homes, and
this is the largest percentage found among the 46 cities and towns. Fall River comes next, witli 82.95 per cent. The
smallest percentage is 48.25 for Weymouth, and next to this is 48.85 for Melrose.

In Table 4 the home proprietorship of Boston is exhibited bj' wards. This city has a population of 448,477
and is the onlj' one having a population greater than 100,000. Of the 89,613 home families of this city, 73,101, or
81.57 per cent, hire their homes and 16,512, or 18.43 per cent, own their homes. Of the owning families, 10,102, or
61.18 per cent, have no incumbrance on their homes and 6,410, or 38.82 per cent, own subject to incumbrance.
Among 100 families, on the average, 81.57 hire their homes, 11.27 own free of incumbrance and 7.16 own with
incumbrance. The smallest degree of home owning is found in ward 12, where 3.02 families in 100 own their
homes, and the highest is found in ward 23, where the owning families are 37.10 in 100. In 1845, in a census
ordered by the city council of Boston, it was ascertained that 4,465 families of the 19,175 families of the city owned
their homes and that 14,710 families hired them. This permits the following comparison : percentage of home
hiring families in Boston in 1845, 76.71 ; in 1890, 81.57.

In the state, outside of the 47 cities and towns referred to, 54.24 per cent of the home families hire and 45.76
per cent own their homes, 33.19 per cent of the home owning families own with incumbrance and 66.81 per cent
without incumbrance ; while among 100 home families, on the average, 54.24 hire their homes. 15.19 own subject to
incumbrance and 30.57 own free of incumbrance.

Value and incumbrance. — Liens amounting to $114,780,137 incumber the 66,249 owned farms and homes of
the state that are subject to incumbrance, $11,831,941 of which is on 8,945 farms.and §102,948,196 on 57,304 homes.
The value of the incumbered farms and homes is $256,894,465 ; farms, $28,249,173 ; homes, $228,645,292. Ratios of
debt to value : farms and homes, 44.68 per cent ; farms, 41.88 per cent ; homes, 45.03 per cent. The county figures
for value and incumbrance are in Table 5, the figures for the homes of the 46 cities and towns in Table 6, and for
Boston in Table 7.

A debt of $59,367,910 incumbers 32,002 owned homes of the 46 cities and towns containing a population of
8,000 to 100,000, and these incumbered homes are worth $133,344,973, so that the debt is 44.52 per cent of the value.
The 6,410 owned and incumbered homes of Boston are worth $45,039,557 and are incumbered with a debt of

OWNERSHIP AND DEBT IN MASSACHUSETTS. 5

$21,701,505, or to the extent of -±8.18 per cent of their value. The debt incumbering the owned homes in the state
outside of the 47 cities and towns is 43.53 per cent of the value of the homes subject to the incumbrance.

Classification of amounts of value and incumbrance. — In the two following tables percentages represent
various classes of farm and home values and incumbrances, and the numbers from which these percentages are
derived are in Tables 8 and 9. It is to be remembered that these tables are confined to farms and homes occupied
by owners and incumbered and to the occupying families.

PERCENTAGE OF FAMILIES OCCUPYING OWNED AND INCUMBERED FARMS AND HOMES, AND
OF THE VALUE THEREOF AND OF THE INCUMBRANCE THEREON, BY CLASSIFICATION OF
AMOUNTS, OF VALUE AND OF INCUMBRANCE, FOR THE STATE.

FOR FARMS.

SSIFICATION OF A3IOUNTS.

For
number

For incumbra

UnderJ.'iOO ! 1.82 0.20 ! 2.5.19 5.37

Under $1,000 11.70 2.42 : 52.92 19.60

S300 and under 81,000 9.88 2.22 ,: 27.73 i 14.23

51,000 and under 82,500 ■ 39.36 19.45 33.68 38.01

82,500 and under $5,000 31.57 32. 49 10.42 25.52

S5,000 and under $10,000 13.38 : 26.13 2.55 11.74

$5,000 and over 17.37 : 45.64 i 2.98 16.84

$10,000 and over 3.99 19.51 ! 0.43 ' 5.10

$25,000 and over 0.35 4.72 ' 0.04 1.09

FOB HOMES.

For
number For

For incumbrance.

1.18
7.82
6.64
35.22
33.66
16.44
23.30
6.86
].05

0.10

1.29
1.19
14.27
27.97
26.34
56.47
30.13
10.77

17.24
40.50
23.26
38.31
14.97
4.91
6.22
1.31
0.13

11.59
8.93
32.53
27.11

17.09
28.77
11.68
2.82

PERCENTAGE OF FAMILIES OCCUPYING OWNED AND INCUMBERED HOMES, AND OF THE VALUE
THEREOF AND OF THE INCUMBRANCE THEREON, BY CLASSIFICATION OF AMOUNTS OF VALUE
AND OF INCUMBRANCE, FOE CITIES AND TOWNS OF 8,000 TO 100,000 PEOPLE AND FOR BOSTON.

CLASSIFICATION OF AMOUNTS.

FOR CITIES AND TOWNS OF 8,000 TO
100,000 PEOPLE.

For incumbrance.

For

For

number For numl

I of amount. I of

I families. ij famil

Undergo© 0.45 0.04 ' 13.06

Under$l,000 4.12 0.69 34.78

$500 and under $1,000 3.67 0.65 21.72

$1,000 and under $2,500 33.04 13.23 42.55

$2,.500 and under 85,000 37.57 30.00 ' 16.74

$5,000 and under $10,000 18.36 28.12 4.88

$5,000 and over 25.27 56.08 5.93

$10,000 and over 6.91 27.96 1.05

$25,000 and over : 0.94 8.92 , 0.09

2.02
10.20

8.18
35.37
29.34
16.42
25.09

8.67

FOR BOSTON.

For incumbrance.

0.09
1.29
1.20
14.00
36.05
30.28
48.66
18.38
3.46

0.13
0.13
3.48
17.98
28.43
78.41

4.99
16.08
11.09
36.19
28.38
14.20
19.35
5.15
0.64

0.44
2.64
2.20
17.28
27.77
26.50
52.31
25.75

w

In looking for the most prominent class in each column in the state table, it appears that 39.36 per cent of the
farm debtor families own incumbered farms worth 11,000 and under $2,500, and that 45.04 per cent of the total
farm values is in farms worth $5,000 and over. The farms having an incumbrance of less than $1,000 each are
owned by 52.92 per cent of the farm debtor families; while farms worth $1,000 and under $2,500 carry 38.04 per
cent of the total farm debt.

Home values are more prominent in the class of those worth $ 1 ,000 and less than $2,500, which are owned by
35.22 per cent of the home debtor families, and in the class of $5,000 and over, whose homes are worth 56.47 per
cent of the value of all owned and incumbered homes. Upon turning to incumbrance, it will be noticed that 40.50
per cent of the home debtor families own homes each with an incumbrance of less than $1,000, and that 32.53 per
cent of the total home debt rests on homes each of which is incumbered for $1,000 and less than $2,500.
31—3

6

FARMS, HOMES, AND MORTGAGES.

The owned and incumbered homes of the 46 cities and towns that are worth $2,500 and under $5,000 are
owned bj' 37.57 per cent of the home debtor families, and the homes worth §5,000 and over constitute 56.08 per
cent of the value of all homes; incumbrances of $1,000 and less than $2,500 are carried by 42.55 per cent of the
home debtor families and the total amount of the incumbrances in the same class is 35.37 per cent of the total
amount.

In Boston incumbered homes worth $5,000 and over are owned by 48.66 per cent of the home debtor families,
and the homes in this class are worth 78.41 par cent of the value of all owned and incumbered homes.
Incumbrances of $1,000 and under $2,500 are on homes owned by 36.19 per cent of the home debtor families, and
52.31 per cent of the home debt is on homes that are each incumbered for $5,000 and over.

Average values and incumbrances. — Tables 11, 12, and 13 show that the average owned and incumbered
farm of the state is worth $3,158; home, $3,990; of each home in the 46 cities and towns, $4,167; of each owned
and incumbered home in Boston, $7,026.

The average farm incumbrance for the state is $1,323; home, $1,797; home incumbrance in the 46 cities
and towns, $1,855; in Boston, $3,386.

Suffolk county has homes of the highest average value, namelj^, $6,586 ; and the least average value, $1,568,
is in Barnstable county. In the state outside of the 47 cities and towns the avei-age home value is $2,660;
incumbrance, $1,158. As before stated, all values are confined to incumbered farms and homes occupied by
owners.

Interest rates. — The chief rate of interest in this state is 6 per cent ; this rate is paid on 48.98 per cent of
the farm incumbrance by 56.09 per cent of the farm debtor families ; on 38.88 per cent of the home incumbrance
by 55.17 per cent of the home debtor families ; in the 46 cities and towns, on 38.33 per cent of the home
incumbrance by 51.91 per cent of the families occupying owned and incumbered homes, and in Boston on 20.35 per
cent of the home debt by 34.41 per cent of the home debtor families. These percentages are contained in the
following table and the facts from which they were computed are exhibited in Table 10.

PERCENTAGE OF FAMILIES OCCUPYING OWNED AND INCUMBERED FARMS AND HOMES
AND OF AMOUNT OF INCUMBRANCE THEREON, BY RATES OF INTEREST.

THE STATE.

FOK HOMES IN

i

CITIES AKD TQ-WITS
< OF 8,000 TO 100,000

FOB HOMES IN |
BOSTON. I

For farms.

For h

omes.

PEOPLE.

KATES or INTEREST.

1

For

For

For

I For

number

For

number

For

number

For

number

For

1

of

amount.

of

amount.

of

amount.

of

amount.

families.

families.

families.

families.

39.03

47.63

37.97

56.87

41.32

57.29

60.83

76.86

56.09
2.76

48.98
1.43

55.17
3.30

38.88
1.51

51.91
2.88

38.33
1.52

34.41
1.78

20.35
0.68

0.31
60.82

0.17
52.18

0.47
61.79

0.17
43.00

0.48
58.46

0.19
42.60

0.19
39.03

0.07
23.02

6 to 8 per cent, inclusive-

Over 6 per cent,

4.88

3.39

6.86

4.25

6.77

4.38

4.76

2.79

Over 8 per cent

0.15

0.19

0.24

0.13

0.22

0.11

0.14

0.12

Over 10 per cent

0.06

0.05

0.07

0.04

[ 0.07

0.03

0.03

0.05

Over 12 per cent

0.02

0.04

0.02

; 0.03

0.01

Eates that are less than the principal state rate of 6 per cent are paid by 39.03 per cent of the farm debtor
families on 47.63 per cent of the farm debt ; by 37.97 per cent of the home debtor families on 56.87 per cent of
the home debt; in the 46 cities and towns by 41.32 per cent of the home debtor families on 57.29 per cent of the
home debt, and in Boston by 60.83 per cent of the home debtor families on 76.86 per cent of the home debt.

In the state, rates higher than 6 per cent are paid hj 4.88 per cent of the farm debtor families on 3.39 per cent
of the farm debt ; by 6.86 per cent of the home debtor families on 4.25 per cent of the home debt ; in the 46 cities
and towns by 6.77 per cent of the home debtor families on 4.38 per cent of the home debt, and in Boston by 4.76
per cent of the home debtor families on 2.79 per cent of the home debt. The highest rate reported is 36 per cent,
which is paid bj' one familj' on a debt of $100.

Since 1867 Massachusetts has been practically without a usury law. The legislature has limited the rate of
interest as follows in the years named: 1641, 8 per cent; 1693, 6 per cent; 1867, no limit; 1870, bonds issued by
corporations, 7 per cent ; 1888, 18 per cent on loans of less than $1,000.

OWNERSHIP AND DEBT IN MASSACHUSETTS. 7

Interest charge and average rates of interest. — Table 11 contains a statement of the interest charge on
the farms and homes of Massachusetts that are occupied by owners and incumbered. Table 12 contains the
corresponding facts for the homes of the 46 cities and towns, and Table 13 for the homes of Boston. The total
interest charge for one year on the debt incumbering the owned farms of the state is 8659,865 ; on the homes
$5,610,785; total, $6,300,650.

The average interest charge for one year on each farm is $74 ; home, $98 ; on each home in the 46 cities and
towns, $102; on each home in Boston, $174.

On farm loans the average rate of interest is 5.58 per cent; on" home loans, 5.48 per cent; on home loans in
the 46 cities and towns, 5.52 per cent; on home loans in Boston, 5.14 per cent. Hence the average annual interest
value of each owned and incumbered farm in this state is $176 ; of each home, $219 ; of each home in the 46 cities
and towns, $230; of each home in Boston, $.361.

Outside of the 47 cities and towns the average annual interest cliarge on each home is $66 ; average rate, 5.72
per cent; average annual interest value, $152.

Objects of indebtedness. — Investigation of the reasons why farm and home indebtedness was incurred
discloses the fact that 78.40 per cent of the farm debtor families of the state incurred 79.07 per cent of the farm
debt for the purpose of buying real estate and making real estate improvements, wheu these objects were not
associated with other objects ; and that for the same objects, in the case of homes, 82.81 per cent of the home debtor
families incurred 81.50 per cent of the home debt; in the 46 cities and towns that 83.94 per cent of the home debtor
families incurred 82.08 per cent of the home debt, and in Boston that 81.94 per cent of the home debtor families
incurred 80.90 per cent of the home debt.

The objects of real estate purchase and improvements, business and the purchase of personal property, when
not complicated with other objects, led 85.02 per cent of the farm debtor families of the state to incur 86.75 per
cent of the farm debt; 89.14 per cent of the home debtor families to incur 91.48 per cent of the home debt; 89.60
per cent of the home debtor families in the 46 cities and towns to incur 90.78 per cent of the home debt, and 91.60
per cent of the home debtor families in Boston to incur 94.53 per cent of the home debt.

Fai-m and family expenses, standing alone, are represented by 5.14 per cent of the farm debtor families of the
state and 2.90 per cent of the farm debt; family expenses by 5.00 per cent of the home debtor families and 2.01 per
cent of the home debt ; family expenses in the 46 cities and towns by 4.31 per cent of the home debtor families and
1.81 per cent of the home debt, and in Boston by 3.50 per cent of the home debtor families and 1.49 per cent of the
home debt.

Table 1.— NUMBER AND PERCENTAGE OF FAMILIES OCCUPYING OWNED AND HIRED AND FREE AND INCUMBERED

FARMS, BY COUNTIES.

Barnstable...
Berkshire....

Bristol

Dukes

Essex

Franklin

Hampden ....
Hampshire..
Middlesex...
Nantucket..

Norfolk

Plymouth...

Suffolk

Worcester....

2,775
2,706

227
2,059
2,685
2,232
2,625
3,862
35
1,528
1,851

1,881
2,261
215
1,438
1,592
1,473
1,581
2,560
29
1,057
1,614

Incum-
bered.

8,945

PERCENTAGE OF
FAMILIES

AND HIRING.

92.36
81.07
79.75
90.08
82.76
89.17
85.68
87.44
85.07
76.09
84.05
89.81
45.90
85.46

PERCENTAGE OF
FAMILIES OWNING
FREE AND INCUBI-

BERED OF TOTAL

OWNING fa:

69.54

90.40
67.78
83.67
94.71
69.84
59.29
65.99
60.23
66.29
82.86
69.18
87.20
71.43
67.23

32.22
16.33
5.29
30.16
40.71
34.01
39.77
33.71
17.14
30.82
12,80
28. .57
32.77

PERCENTAGE OP
FAMILIES OWNING
FREE AND INCUM-
BERED OF TOTAL

OWNING AND
HIRING FAMILIES.

59.07

83.49
54.95
66.72
85.32
57.80
52.87
56.54
52.66
56.39
63.05
58.14
78.31
32.79
57.46

25.87

8.87
26.12
13.03

4.76
24.96
36.30
29.14
34.78
28.68
13.04
25.91
11.50
13.11
28.00

k

S FARMS, HOMES, AND MORTGAGES.

Table 2.— NUMBER AND PERCENTAGE OF FAMILIES OCCUPYING OWNED AND HIRED AND FREE AND INCUMBERED

HOMES, BY COUNTIES.

COITNTTES.

Aggregate.

OWNING.

Hiring.

PFRCENTAGE OF

FAMILIES OWNING

AND HIRING.

PERCENTAGE OF
FAMILIES OWNING
FREE AND INCDM-
EERED OF TOTAL
OWNING FAMILIES.

PERCENTAGE OF
FAMILIES OWNING
FREE AND INCUM-
BERED OF TOTAL

HIRING FAMILIES.

Total.

Free.

Incum-
bered.

Owning. Hiring.

^""'- b"ered."

Free.

Incum-
bered.

445,2U

145,683

88,379

57,304

299,531

32.72 67.28

60.67 39.33

19.85

12.87

7,432
13,603
36,556

1,029
63,196

6,053
25,986

8,164
86,048
927
24,165
20,344
97,614
54,097

5,221
4,216
10,785
712
22,604
2,667
7,410
3,490
30,416
646
10,882
10,164
18,896
17,574

4,520

2,587

7,290

642

14,297
1,596
3,987
1,993

17,104

596

6,203

6,681

11,476
9,407

701
1,629
•3,495
70
8,307
1,071
3,423
1,497
13,312
50
4,679
3,483
7,420
8,167

2,211

9,387

25,771

317

40,592

3,386
18,576

4,674
55,632
281
13,283
10,180
78,718
36,523

70.25 29.75
30.99 , 69.01
29.50 70.50
69.19 30.81
35.77 64.23
44.06 55.94
28.52 71.48
42.75 57.25

35.35 64.65
69.69 30.31
45.03 54.97
49.96 50.04

19.36 80.64
32.49 1 67.51

86.57 ' 13.43
61.36 ! 38.64
67.59 ' 32.41
90.17 9.83

63.25 36.75
59.84 40.16
53.81 46.19
57.11 42.89
56.23 43.77

92.26 ' 7.74
57.00 1 43.00
65.73 ' 34.27
60.73 : 39.27
53.53 46.47

60.82
19.02
19.94

9.43

11.97

9.56

62.39 6.80

22.62 13.15

26.37 17.69

Hampden

15.35 13.17
24.41 18.31

19.88 15.47

61.29 5.40

32.84 17.12

11.76 7.60

17.39 ' 15.10

OWNERSHIP AND DEBT IN MASSACHUSETTS. 9

Table 3.— NUMBEK AND PKRCENTAGE OF FAMILIES OCCUPYING OWNED AND HIEED AND FREE AND INCUMBERED
HOMES, BY CITIES AND TOWNS OF 8,000 TO 100,000 PEOPLE.

KD TOWNS.

Total 231,213

Adams, Berkshire county , 1,738

Aniesbury, Esses county 2,092

Beverly, Essex county 2,523

Brookline, Norfolk county 2,360

Brockton, Plymovith county 6,155

Cambridge, Middlesex county 14,151

Clielsea, Suffolk county 6,206

Chicopee, Hampden county 2,494

Clinton, Worcester county 1,991

Everett, Middlese.^ county 2,541

Fall River, Bristol county 14,287

Fitchburg, Worcester county 4,571

Framinghara, Middlesex county 1,847

Gardner, Worcester county 1,862

Gloucester, Essex county 4,531

Haverhill, Essex county i 5,782

Holyoke, Hampden county 6,647

Hyde Park, Norfolk cmmty i 2,132

Lawrence, Essex county 9,036

Lowell, Middlesex county 14,836

Lynn, Essex county 12,174

Marblehead, Essexcounty 2,001

Maiden, Middlesex county 5,129

Marlboro, Middlesex county 2,654

Medford, Middlesex county 2,382

Melrose, Middlesex county 1,912

Milford, Worcester county 1,975

Natick, Middlesex county 1,998

Newton, Middlesex county 4,683

New Bedford, Bristol county 8,752

Newburyport, Essex county < . 3,244

Northampton, Hampshire county 2,859

North .A.dams, Berkshire county 3,079

Pittsfield, Berkshire county 3,373

Peabody, Essex county 2,100

Quincy, Norfolk county 3,440

Salem, Essex county 6,985

Spencer, Worcester county 1,687

Springfield, Hampden county 9,838

Somerville, Middlesex county 8,934

Taunton, Bristol county 5,349

Waltham, Middlesex county 3,748

Westfleld, Hampden county 2,158

Weymouth, Norfolk county 2,520

Woburn, Middlesex county 2,794

Worcester, Worcester county 17,663

1,477
2,076

601
3,052
2,767
2,028
1,151

901
1,304
1,100
4,653

2.137
3,400
1,602

1,055
2,436
1,513

1,742
1,595
1,074

884
2,383
3,368
3,763

942
2,199
1,151
1,021

2,134
1,004

1,344
2,154
1,950

2,187 j

1,291

2,772

2,1.54

1,350

1,016

1,230

620

1,465
1,394

1,214
1,813

1,587
1,373

1,243
1,4.50
1,612
4,018

10,751
4,604
1,834
1,.327
1,486

11,851
3,058
1,094
1,003
2,789
4,187
5,573
1,248
6,653

11,468
8,411
1,059
2,930
1,503
1,361
934
1,200
1,012
2,496
5,980
1,894
1,629

1,329
1,963
4,909
1,086
6,786
6,167
3,321
2,597
1,257
1,216
1,694

PERCENTAGE OF

FAMILIES OWNING

AND HIRING.

Owning. Hiring.

2,818 I! 13,010

23.36

76.64

40.58

59.42

42.53

57.47

31.69

68.31

34.72

65.28

24.03

75.97

25.81

74.19

26.46

73.54

33.35

66.65

41.52

58.48

17.05

82.95

33.10

66.90

40.77

59.23

46.13

53.87

38.45

61.55

27.59 ,

72.41

16.16

83.84

41.46

58.54

26.37

73.63

22.70

77.30

30.91

69.09

47.08
42.87
43.37
42.86
51.15
39.24
49.35
46.70
31.67
41.62
43.02
26.40
29.77
36.71
42.91
29.72
35.63
31.02
30.97
37.91
30.71
41.75
51.75
39.37
26.34

PERCENTAGE OF
FAMILIES OWNING
FREE AND INCUM-
BERED OP TOTAL
OWNING FAMILIES.

55.71

52.92
57.13
56.63
57.14
48.85
60.76
50.65
53.30
68.33
58.38
56.98
73.60
70.23
63.29
57.06
70.28
64.37

69.29
58.25
48.25
60.63
73.66

50.99
66.08
64.86
65.11
44.88
62.76

44.29

49.01
33.92
35.14
34.89
55.12
37.24
37.33

PERCENTAGE OP
FAMILIES OWNING
FREE .AND INCUM-
BERED OF TOTAL

OWNING AND
HIRING FAMILIES.

Incum-
bered.

17.41

|, 56.97
■ 52.41

43.03
47.59

34.50

65.50 '

52.87

47.13 j

,| 48.71

51.29

51.53

48.47 ■'

50.99

19.01

66.88

33.12

58.31

41.69 1

41.25

58.75 1

46.38

53.62 ;;

56.40

43.60 ;

63.95

36.05

51.82

48.18

76.33

23.67 j

48.66

51.34

49.78

50.22

54.65

45.35

42.23

57.77 '

68.13

31.87

47.77

52.23

59.03

40.97

77.71

22.29 l|

75.26

24.74 j

50.41

49.59

57.20

42.80

60.26

39.74

65.76

34.24 1

48.68

51.32

69.08

30.92

43.59

56.41

48.00

52.00

50.38

49.62 ;

60.55

39.45

57.34

42.66 |!

56.94

43.06

68.13

41.87

55.45

44.55 1

39.44

60.56

11.91
26.81
27.59
20.63
15.08
15.08
16.18
15.07
17.48
14.33

9.01
16.12
21.01
23.52
25.71
16.09

6.67
19.23
14.87
14.52
16.02
35.93
20.86
21.59
23.42
21.60
20.73
23.57
27.57
24.61
31.32
21.68
15.10
17.94
24.14
20.90
20.53
15.53
14.89
15.60
22.96
17.61
23.77
30.08
21.83
10.39

13.84

11.45

13.77
14.94
11.06
19.14

8.95

9.63
11.39
15.87
27.19

8.04
16.98
19.76
22.61
12.74
11.50

9.49
22.23
11.50

8.18
14.89
11.15
22.01
21.78
19.44
29.55
12.51
25.78
19.13

7.06
10.30
21,31
11.30
11.83
12.57
22.04

9.19
20.10
16.13
15.37
14.95
13.10
17.98
21.67
17.54
15.95

10

FARMS, HOMES, AND MORTGAGES.

Table 4.— NUMBER AND PEECENTAGE OF FAMILIES 0CCUPYINC4 OWNED AND HIKED AND FEEE AND INCUMBERED

HOMES IN BOSTON, BY "WARDS.

Boston, Suffolk county..

Ward
Ward
Ward
Ward
Ward
Ward
Ward
Ward
Ward
Ward
Ward
Ward
Ward
Ward
Ward
Ward
Ward
Ward
Ward
Ward
Ward
Ward
Ward
Ward
Ward

1,013
1,052

2,647
2,462
2,330
2,160
3,260
2,011
2,378
2,252
991
2,978
2,373
4,178
4,413
3,143
3,019
2,392
1,916
4,465
4,408
3,531
3,496
3,269
3,909
1,820

! PERCENTAGE OP

PERCENTAGE OF j FAMILIES 0-\VNING

FAMILIES OWNING | FREE AND INCUM-

AND HIRING. \ BERED OF TOTAL

i OWNING FAMILIES.

Owning. Hiring.

18.43

25.14
19.32
17.10
18.98
14.03

4.87

5.19
10.87
10.92

8.49
25.62

3,02
10.71
17.22
18.91

5.92

9.25
15.89
26,02
14.77
37.10
36.57
24.70

Incum-
bered.

PERCENTAGE OF
FAMILIES OWNING
FREE AND INCUM-
BERED OF TOTAL

OWNING AND
HIRING FAMILIES.

38.82

82.90
81.02
85.92
95.13
94.81
89.13
89.08
91.51
74.38
96.98
89.29
82.78
81.09
94.08
84.46
75.02
90.75
84.11
73.98
85.23
62.90
63.43
75.30

60.93
73.19

70.06
75.45
54.55
77.59
80.80
77.17
61.01
79.73
75.25
64.27
63.71
70.83
61.36
67.24
64.40
66.39
59.66
57.10
52.54
46.67
52.09

39.07
26.81
30,31
26.92
29.94
24.55
45.45
22.41
19.20
22.83
38.99
20.27
24.75
35.73
36.29
29.17
38.64
32.76
35.60
33.61
40.34
42.90
47.46

11.27

Incum-
bered.

15.32
14.14
11.92
13.87
9,86
3.68

6.55 !
15.63

2.41

8.06
11.07
12,05

4.19

9.54 j
16.80 I

5.96 j
10.55
15.52

8.43 1
19.49 j
17.07 I
12.87

7.16

9.82
5.18
5.18
5.11
4.22
1.19
2.36
2.44
2,10
1.94
9.99
0.61
2.65

1.73
6.00
8.18
3.29
5.34
10,50
6.34
17.61
19.50
11.83

Table 5.— VALUE OF FARMS AND HOMES OCCUPIED BY OAVNERS AND INCUMBERED, AND AMOUNT AND PERCENTAGE

OF INCUMBRANCE THEREON, BY COUNTIES.

COUNTIES.

FOR FARMS.

FOB HOMES.

Number i
of fami-
lies

Incum-
brance

Number

'

]

Percent-

of fami-

Percent-

age Of

lies
owning

Value.

Incum-

age of
incuni-

Number

of fami-

Percent-

owning

Value.

Incum-
brance.

age of
incum-

with in-

jrance of

cum-

value.

brance.

57,304

8228,645,292

$102,948,196

45.03

701

1,098,962

411,874

37.48

1,629

6,087,645

2,310,912

37.96

3,495

12,747,975

5,684,860

44.59

70

119,336

53,170

44.55

8,307

26,302,792

11,273,679

42.86

1,071

2,612,121

1,062,254

40.67

3,423

16,385,668

7,299,912

44.55

1,497

4,119,292

1,857,154

45.08

13,312

54,888,338

25,139,195

45.80

60

100,519

42,252

42.03

4,679

16,795,686

7,496,856

44.64

3,483

9,371,438

4,041,313

43.12

7,420

48,871,772

23,317,701

47.71

8,167

29,143,748

12,957,064

44.46

OWNEESHIP AND DEBT IN MASSACHUSETTS.

11

Table 6.— VALUE OF HOMES OCCUPIED BY OWNERS AND INCUMBERED, AND AMOUNT AND PERCENTAGE OF
INCUMBRANCE THEEEON, BY CITIES AND TOWNS OF 8,000 TO 100,000 PEOPLE.

Number
of families

Per-
centage
ofin-

brance

of
value.

Number
of families

Per-
centage

CITIES AND TOWNS.

owning

with
incum-

Value.

Incum-
brance.

CITIES AND TOWNS.

ownmg

with
incum-

Value.

Incum-
brance.

trance

brance.

-

brance.

value.

Total

32,002

8133,344,973

$59,367,910

44.52

Maiden, Middlesex county

Marlboro, Middlesex county

Mcdford, Middlesex county

1,129
578
463

84,251,795
1,450,628
1,802,471

$2,043,005
041 ,397
837,388

48.05
44,22
46.46

Adams, Berkshire county

199

848,558

338,264

39.86

Amesbury, Esses county

288

733,334

318,923

43.49

Melrose, Middlesex county

565

2,340,768

1,096,965

46.86

Beverly, Essex county

377

1,120,699

483,792

43.17

Milford, Worcester county

217

528,033

221,126

41.88

Brookline, Norfolk county

20 1

3,521,212

1,441,051

40.92

Natiok, Middlesex county

515

1,302,636

563,385

43,25

Brockton, Plymouth county

1,178

4,486,794

1,933,225

43,09

Newton, Middlesex county

896

6,778,042

3,217,999

47.48

Cambridge, Middlesex county

1,266

6,870.399

3,181,208

46,30

New Bedford, Bristol county

618

1,953,713

846,430

43,32

Clielsea, Suffolk county

598

2,380,899

949,109

39,86

Newburyport, Essex county

334

841,448

340,227

40.43

341 891

39 63

610

1,808,035

844,758

46,72

316

993,997

410,860

41.33

North Adams, Berkshire county,.

348

1,359,860

515,482

37,91

691
1,148

2,516,790
5,596,694

1,220,593
2,483,335

47.93
44.37

Pilteiield, Berkshire county

Peabody, Essex county

399
264

2,007,271
702,963

734,644
314,385

36,60

44.71

Fitchburg, Worcester county

776

2,982,529

1,233,806

41.37

Quincy, Norfolk county

758

2,666,971

1,237,039

46,38

Framinghnm, Middlesex county...

365

1,151,540

.543,401

47.19

Salem, Es.sex county

642

2,020,289

941,289

46,59

Gardner, Worcester county

339

907,320

452,397

49,86

1 738 496

696,661
1 123 916

40 07

1,587

8,716,164

4,030,456

46.24

2,473,502
4,072,888

45.44

1,373

6,252,796

2,979,244

47.65

631

1,829,025

44.91

Taunton, Bristol county

800

2,550,053

1,202,968

47.17

474

1,777,701
3,916,761

888,133

49.96
39.43

491
388

2,240,918
1,347,410

970,654
521,241

43.32

38.68

42,40

546

1,190,365

525,353

44.22

1,813

6,588,428

2,805,826

42,59

Woburn, Middlesex county

490

1,316,231

576,301

43.78

223

595,855

215,363

41.18

Worcester, Worcester county

2,818

14,922,641

6,798,041

45.56

- _

Table 7.— VALUE OF HOMES OCCUPIED BY OWNEES AND INCUMBEEED, AND AMOUNT AND PERCENTAGE OF

INCUMBRANCE THEEEON IN BOSTON, BY WAEDS.

Ward 12 .,
Ward 13..
Ward 14 ,.
Ward 15 ..
Ward 16..
Ward 17..
Ward 18 ..
Ward 19..
Ward 20 ,.
Ward 21..
Ward 22 .
Ward 23.,
Ward 24..
Ward 25.,

Percent-

Value,

brance.

age of

brance
of value.

$138,775

855,605

40.07

505,614

199,340

39.43

1,432,411

718,034

50.13

1.168,014

504,386

43.18

399,080

178,892

44.83

1,524,479

809,986

53.13

2,343,941

1,208,569

51.56

670,657

339,835

50.67

1,559,632

804,955

51.61

3,861,270

1,943,601

50.34

2,848,066

1,401,893

49.22

4,957,538

2,331,422

47.03

6,494,044

3,190,779

49.13

2,097,229

889,723

42.42

12

FARMS, HOMES, AND MORTGAGES.

Table 8.— STATE SUMMAEY OF NUMBER OF FAMILIES OCCUPYIKG OWNED AND INCUMBEEED FA EMS AND HOMES,
AND THE VALUE THEREOF AND THE INCUMBRANCE THEREON, BY CLASSIFICATION OF AMOUNTS OF VALUE
AND OF INCUMBRANCE.

TOTAL.

FOK FAKMS.

FOB HOMES.

CLASSIFICATION OF

For value.

For incumbrance.

For value.

For incumbrance.

For value.

For incumbrance.

CUNTS.

Number

Number

Number

Number

Number

Number

of

Amount.

of

Amount.

of

Amount.

of

Amount.

of

Amount.

of

Amount.

families.

families.

families.

families.

families.

families.

66,249

$256,894,465

66,249

$114,780,1.37

8,945

$28,249,173

8,945

$11,831,941

57,304

$228,645,292

57,304

$102,948,196

839

276,926
3,. 342, 165
9,245,873

12,131

3,378,911

163

57,798

2,253

635,954

676

219,128

9,878

2,742,957

der$l 000

4,687
8.041

15,808
11,997

10,878,506
13,928,597

884

627,421

1,506,456

2 480

1 683 747

3,803

2,714,744

13,328

9,194 759

81,000 aiuU

nder $1,500

1,336

1,565

1,806,847

6,705

7,739,417

10,432

12,121,750

Sl,500and i

nder $2,000

8,373

13,664,623

7,382

12,209,027

1,128

1,810,562

825

1,377,633

7,245

11,854,061

6,557

10,831,394

S2,000 and v

nder $2,500

7,290

15,214,462

5,588

11,847,698

1,057

2,176,549

623

1,316,563

6,2.33

13,037,913

4,965

10,531,135

$2,500 and i

nder 63,000

6,438

16,626,155

3,312

8,680,431

840

2,141,144

324

847,785

5,598

14,485,011

2,988

7,832,646

S3,000 and i

nder $4,000

10,017

32,619,566

4,184

13,692,924

1,252

4,000,669

430

1,414,722

8,765

28,618,897

3,754

12,278,202

S4,000 and I

nder $5,000

5,659

23,890,583

2,016

8,553,170

732

3,035.115

178

756,521

4,927

20,855,468

1,838

7,796,649

$.5,000 and v

nder $7,000

6,947

38,710,883

2,119

11,750,523

854

4,699,533

173

946,920

6,093

34,011,350

1,916

10,803,603

S-,0OOand i

nder $10,000

3,672

28,905,405

921

7,234,098

343

2,681,730

55

442,174

3,329

26,223,675

866

6,791,924

$10,000 and

under $25,000 ...

3,652

48,445,592

711

9,592,529

325

4,179,529

35

474,575

3,327

44,266,063

676

9,117,954

$25 000 and

over

634

25,952,232

80

3,033,723

31

1,332,667

4

128,500

603

24,619,565

76

2,905,223

Table J).— SUMMARY OF NUMBER OF FAMILIES OCCUPYING OWNED AND INCUMBERED HOMES, AND THE VALUE
THEREOF AND THE INCUMBRANCE THEREON, BY CLASSIFICATION OF AMOUNTS OF VALUE AND OF
INCUMBRANCE ; TOTAL FOR CITIES AND TOWNS OF 8,000 TO 100,000 PEOPLE AND FOR BOSTON.

CLASSIFICATION OP AMOUNTS.

FOR CITIES AND TOWNS OF 8,000 TO 100,000 PEOPLE.

Total

Under $.500

$500 and under $1,000

$1,000 and under $1,.500...,
$1,600 and under $2,000...
$2,000 and under $2,600....
S2,.500 and under $3,000....
$3,000 and under $1,000....
$1,000 and under $5.000...,
$5,000 and under $7,000....
$7,000 and under $10,000...
$10,000 and under $25,000
$25,000 and over

32,002 $133,344,973

144 I 48,008

1,173 j 865,176

3,012 ! 3,516,863

3,973 6,550,076

3,589 7,576,298

3,434 8,926.083

5,542 18,163,887

3,016 12,913,670

3,838 21,457,163

2,0.39 16,038,600

1,911 25,396,850

301 ! 11,892,299

32,002

4,179
6,949
6,281
4,203
3,134
1,878
2,383
1,097
1,109
452

1,197,108
4,855,630
7,346,634
6,959.727
6,690,146
4,931,018
7,835,453
4,652,561
6,179,281
3,571,6.52
4,035,877
1,112,823

6,410 I $45,039,557

6 I 1,910
77 ' 57,880
197 ' 228,829
309 509,147
391 828,151
1,152,434
3,431,352
3,516,264
,133 i 6,373,080
808 6,431,564
956 12,869,771
222 I 9,639,175

443
1,043

For incumbrance.

6,410 $21,701,505

478,283
951,452
1,132,939
1,666,179
1,434,967
2,589,050
2,003,334
3,198,316

2,565,403
3,974,631
1,611,700

OWNERSHIP AND DEBT IN MASSACHUSETTS.

13

Table 10.— SUMMARY OF NUMBEK OF FAMILIES OCCUPYING OWNED AND INCUMBERED FARMS AND HOMES, AND
OF THE INCUMBRANCE THEREON, BY RATES OF INTEREST.

[Rates of interest represented by mixed numbers are combined into groups ; for instance, rates represented by " 1-2 " per cent include all rates greater than 1 per

cent and less than 2 per cent.)

RATES OF INTEREST.

FOE FARMS.

Number ! i Number ' Number

of I Incumbrance. ;; of j Incumbrance. of [ Incurabranc

families. I! families. families.

The State 66,249

..do 520

..do 799

..do 17,6.35

..do 6,064

..do 36,632

..do 1,482

..do..

12-13 .
13-14 .

2,140

$11,831,941 57,304 8102,948,196

1,050

2,400

4,900

28,435

183,280

103,195

3,941,081

1,335,939

5,795,602

162,929

169,530

25,684

19,847

7.50

3,700

4,000
2,260

158,256

30

3,600

16,050

13,375

40,665

62,781

2,100,578

5,538,768

37,129,212

13,487,234

40,022,301

2,141,281

1,551,049

369,959

179,474

31,124

6,577

16,250

35,354

5,300

10,150

3,400

7,397

1,600

4,146

1,000

2,800

5,160

760

1,275

1,100

FOR HOMES IK CITIES
AND TOWNS OF 8,000
TO 100,000 PEOPLE.

Number Number

of Incumbrance. of j Incumbrance.

families. Ij families.

9,110
3,634
16,613

1,597,;
22,860,(

22,757,
1,256,:

4,600

14,130

16,600

1,572,406

3,701,459

9,070,209

2,248,968

4,417,104

373,515

146,791

43,067

14,231

12,175
4,500
7,500

1 I 300

i

6 1 4,960

14

FARMS, HOMES, AND MORTGAGES.

Table 11.— AMOUNT OF ANNUAL INTEREST CHARGE AND AVERAGE VALUE, INCUMBRANCE, ANNUAL INTEREST
CHARGE, AND ANNUAL RATE OF INTEREST FOR FARMS AND HOMES OCCUPJED BY OWNERS AND INCUMBERED,
BY COUNTIES.

The State S3, 378

Barnstable | 1,608

Berkshire ; 3,581

Bristol ! 3,540

Dukes..

Franklin

Hampden....
Hampshire..
Middlesex...
Nantucket..

Norfolk

Plymouth. .

Suffolk

Worcester...

1,661
3,189
2,370
4,472
2,737
4,143
1,989

3,582

3,502

2,709

2,976

6,601

13,525

3,451

2,969

1,568
3,737
3,647
1,705
3,166
2,439
4,787
2,752
4,123
2,010
3,590
2,691
6,586

1,379
1,560

1,364 1,452

1,9
1 ,226
1,884
841
1,588
1,153
3,144
1,534

1,223
1,206
1,834
808
1,445
1,053
3,641

1,419

1,627

2,133
1,241

1,888
815
1,602
1,160
3,143
1,587

$6,300,650

For
farms.

26,953
191,519
352,220

3,495 Ij

702,124 I

111,746 I

432,221

165,526

1,534,955

2,796

464,048

253,334

1,210,873

845.840

For
homes.

1,640,785

2,165
66,557
26,558
262
50,938
56,238
50,756

320

39,898

14,431

3,176

145,878

24,788

127,962

325,662

3,233

651,186

55,508

381 ,465

98,633

1,399,160

2,476

424,150

238,903

1,207,697

699,962

AVERAGE ANNUAL

INTEREST CHARGE ON

EACH—

5.59
5.73
5.98
5.77
5.21
5.25
5.31
5.58
5.94
5.67
5.90
5.18
S.43

For
farms.

For
homes.

6.12

6.02

5.70

5.54

5.79

5.73

4.96

6.08

5.65

5.78

5.20

5.23

5.47

5.23

5.31

5.31

6.69

5.57

5.78
5.45
5.58

5.66
5.91
5.18
5.40

OWNERSHIP AND DEBT IN MASSACHUSETTS.

15

Table 12.— AMOUNT OF ANNUAL INTEREST CHARGE AND AVERAGE VALUE, INCUMBRANCE, ANNUAL INTEREST
CHARGE, AND ANNUAL RATE OF INTEREST FOR HOMES OCCUPIED BY OWNERS AND INCUMBERED, BY CITIES
AND TOWNS OF 8,000 TO 100,000 PEOPLE.

CITIES AND TOWNS.

Total..

Adams, Berksliire county ,

Amesbury, Essex county

Beverly, Esses county ,

Brookline, Norfolk county

Brockton, Plymouth county

Cambridge, Middlesex county

Chelsea, Suffolk county

Chicopee, Hampden county

Clinton, Worcester county

Everett, Middlesex county

Fall River, Bristol county

Fitchburg, Worcester county

Framingham, Middlesex county....

Gardner, Worcester county

Gloucester, Essex county

Haverhill, Essex county

Holyoke, Hampden county

Hyde Park, Norfolk county

Lawrence, Essex county

Lowell, Middlesex county

Lynn, Essex county

Marblehead, Essex county

Maiden, Middlesex county

Marlboro, Middlesex county

Medford, Middlesex county

Melrose, Middlesex county

Milford, Worcester county

Natick, Middlesex county

Newton, Middlesex county

Ne^v Bedford, Bristol county

Newburyport, Essex county

Northampton, Hampshire county .

North Adams, Berkshire county ...

Pittsfield, Berkshire county

Peabody, Essex county

Quincy, Norfolk county

Salera, Essex county

Spencer, Worcester county

Springfield, Hampden county

Somerville, Middlesex county

Taunton, Bristol county

Waltham, Middlesex county

Westfield, Hampden county

Weymouth, Norfolk county

Woburn, Middlesex county

Worcester, Worcester county

Average

Average

value of each

incumbrance

incumbered

on each

home. I

home.

Total an-
nual interest
cbarg;e.

13,491
3,809
5,427
3,981
3,038
3,146
3,686
4,875
3,843
3,155
2,581
3,013
3,720
6,455
3,750
3,770
4,728
3,634
2,672
3,766
2,510
3,893
4,143
2,138
2,529
7,565
3,161
2,519
2,964
3,908
5,031
2,663
3,518
3,147
2,676
5,492
4,554
3,188
4,564
3,473
2,180
2,686
5,295

1,700

19,103

1,107

19,375

1,283

27,970

5,521

70,422

1,641

113,496

2,513

170,882

1,587

53,716

1,201

18,133

1,300

22,612

1,766

71,145

2,163

136,938

1,590

67,981

1,489

31,027

1,112

26,963

1,207

41,840

1,690

63,922

2,899

94,721

1,874

50,372

1,487

89,256

2,005

133,834

1,548

161,355

1,100

13,882

1,810

116,551

1,110

37,923

1,809

47,471

1,942

62,076

895

12,515

1,094

32,732

3,592

168,227

1,370

50,972

1,019

19,326

1,385

44,251

1,481

28,970

1,841

38,973

1,190

17,983

1,632

73,417

1,466

54,239

1,335

25,484

2,540

209,427

2,170

165,680

1,504

70,314

1,977

56,361

1,343

27,694

964

31,394

1,176

32,317

2,412

352,444

Average an-
nual interest
charge on
each home.

Average an-
nual rate of
interest.

5.65

6.08

5.78

4.89

5.87

5.37

5.66

5.30

5.50

5.83

5.51

5.51

5.71

5.76

6.01

5.69

5.18

5.67

5.78

5.50

5.75

5.66
5.81
5.23
6.02
5.68
5.24
5.62
5.31
5.72
5.93
5.76
5.63
5.20
5.56
5.85
5.81
5.31
5.96
5.61
5.18

i

16

FARMS, HOMES, AND MORTGAGES.

Table 13.— AMOUNT OF ANNUAL INTEREST CHARGE AND AVERAGE VALUE, INCUMBRANCE,
ANNUAL INTEREST CHARGE, AND ANNUAL RATE OF INTEREST FOR HOMES OCCUPIED
BY OWNERS AND INCUMBERED IN BOSTON, BY WARDS.

verage Average ir

leofeach cunibranct

umbered on each

lome. home.

Total annual nual interest ; „„„, ^^j^ „f
interest charge, charge on interest.

Boston, Suffolk county

Ward 1

Ward 2

Ward 3

Ward 4

Ward 5

Ward 6

Ward 7

Ward 8

Ward 9

Ward 10

Ward 11

Ward 12

Ward 13

Ward 14

Ward 15

Ward 16

Ward 17

Ward 18

Ward 19

Ward 20

Ward 21

Ward 22

Ward 23

Ward 24

Ward 25

1,560

37,768

1,461

13,751

1,782

14,536

1,489

11,982

3,080

17,321

2,486

5,274

3,617

9,531

3,862

13,515

7,288

18,211

9,103

8,850

10,690

196,749

3,707

2,919

1,608

10,891

2,189

38,408

1,896

27,385

3,195

8,979

4,765

42,077

5,783

60,848

2,098

18,466

2,875

42,458

3,879

99,088

5,392

68,418

2,548

124,992

2,655

172,270

3,111

49,915

5.64
5.54
5.30
5.47
5.31
5.17

4.71
4.63
4.60
5.25

5.43
5.02
5.19
5.03
5.43
5.27

5.36
5.40
5.61

B.Pa