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EXTRA CENSUS BULLETIN.

No. 81. WASHINGTON, D. C. September 25, 1894,

STATISTICS OF FARMS, HOMES, AND MORTGAGES.

OWNERSHIP AND DEBT IN MICHIGAN.

DEPARTMENT OF THE INTERIOR,
CEensus OFFICE,
Wasurnerton, D. C., September 6, 1894.
Sir:

The leading results of the investigation of farm and home proprietorship in Michigan, conducted by Special
Agents George K. Holmes and John S. Lord, are contained in this bulletin. In regard to farms, the conclusion is
that 17.01 per cent of the farm families hire and 82.99 per cent own the farms cultivated by them; that 49.35 per
cent of the farm owning families own subject to incumbrance and 50.65 per cent own free of incumbrance. Among
100 farm families, 17 hire their farms, 41 own with incumbrance, and 42 without incumbrance. On the owned
farms there are liens amounting to $64,414,986, which is 82.388 per cent of their value, and this debt bears interest
at the average rate of 7.10 per cent, making the average annual interest charge $63 to each family. Each owned
and incumbered farm, on the average, is worth $2,748, and is subject to a debt of $890.

The corresponding facts for homes are that 49.51 per cent of the home families hire and 50.49 per cent own
their homes; that of the home owning families 67.75 per cent own free of incumbrance and 32.25 per cent with
inecumbrance. In 100 home families, on the average, 50 hire their homes, 16 own with ineumbrance and 34 without
incumbrance. The debt on owned homes aggregates $28,801,077, or 34.50 per cent of their value, and bears interest
at the average rate of 7.18 per cent, so that the annual amount of interest to each home averages $46. An average
debt of $636 incumbers each home, which has the average value of $1,842.

There are 19 cities in the class of those having a population of 8,000 to 100,000, and in these cities 51.07 per
cent of the home families hire and 48.93 per cent own their homes, and of the home owning families 37.62 per cent
own with incumbrance and 62.38 per cent own free-of incumbrance. In 100 families, on the average, are found 51
that hire their homes, 18 that own with incumbrance, and 31 that own without incumbrance. The liens on the
owned homes are 35.54 per cent of the value of those subject to lien. Several averages show that the rate of
interest is 7.22 per cent; value of each owned and incumbered home, $1,991; lien on the same, $708, and yearly
interest charge on each home, $51.

Detroit is the only city in the state having a population of more than 100,000. In this city, 58.33 per cent of
the home families hire and 41.67 per cent own their homes; 37.03 per cent of the home owning families have
incumbrance on their homes, and 62.97 per cent own and occupy homes free of incumbrance. Among 100 families,
on the average, 58 hire, 16 own with incumbrance, and 26 without incumbrance. Averages for each owned and
incumbered home: incumbrance, $961; value, $2,635; interest charge for one year, $65; rate of interest, 6.77 per
cent. Homes are incumbered for 36.49 per cent of their value.

Real estate purchase and improvements, when not associated with other objects, caused 75.41 per cent of the
farm families to incur 79.58 per cent of the farm debt and 80.62 per cent of the home families to incur 79.91 per
cent of the home debt.

Very respectfully,
CARROLL D. WRIGHT,
Commissioner of Labor in charge.
The SECRETARY OF THE INTERIOR.
©. 0. P.—4m

2

TABLE 1.—NUMBER AND

FARMS, HOMES, AND MORTGAGES.

PERCENTAGE OF FAMILIES OCCUPYING OWNED AND HIRED AND FREE AND INCUMBERED
FARMS AND HOMES.

FAMILIES OWNING.

PERCENTAGE OF
FAMILIES OWNING
AND HIRING.

PERCENTAGE OF
FAMILIES OWNING
FREE AND INCUM-
BERED OF TOTAL

PERCENTAGE OF
FAMILIES OWNING
FREE AND INCUM-
BERED OF TOTAL
| OWNING AND HIRING

s | Famili
CIVIL DIVISIONS. pe Siting. | | SR eee a | FAMILIES.
| | | l =
1 - | e eae - || | =
Total. Free. Ree Owning. Hiring. Free. | ee Free. | ioe
|
| | | |
THe State .-..cecccsmnssceeecesseens= 455,004 287,182 || 169,475 117,707 | 167,822 63.12 36.88 59:01 | 40.99 || 37.25 25.87
For farms 176,764 | 146,697 74,302 | 72,395 | 30,067 82.99 17.01 | 50.65 | 49.35 | 42.03 40.96
For homes 278,240 140,485 95,173 45,312 137,755 50.49 49.51) 67.75 S225 eal 16.28
Detroit (for homes)......-..e0--| 42,110 | 17,549 11,050 | 6,499 || 24,561 41.67 58.33 62.97 37.03 || 26.24 15.43
Nineteen cities (for homes) 71,238 34,855 21,742 13,113 36,3883 48.93 51.07 62.38 | 87.62 30.52 | 18.41
Adrian .. 2,132 1,340 | 1,063 | 277 792 62.85 37.15 79.33 | 20.67 || 49.86 | 12.99
Alpena.. 2,292 1,399 1,053 346 893. | 61.04 33,96 75.27 24.73 45.94 | 15.10
Ann Arbor... 2,219 1,241 | 814 | 427 978 | 55.93 44.07 65.59 34.41 36.69 | 19.24
Battle Creek. 3,180 1,508 828 680 1,672 47.42 52.58 54.91 | 45.09 | 26.04 21.38
Bay city 5,494 2,483 | 1,522 961 3,011 45.19 54.81 61.30 38.70 || 27.70 17.49
Flint 2,280 | 1,243 | 810 | 433 1,037 54.52 45.48 65.16 | 34.84 | 35.53 18.99
Grand Rapids 13,341 5,946 | 2,831 3,115 7,395 44.57 55.43 47.61 52.89 || 21.92 23.35
Tron Mountain........00.ceeee 1,327 | 576 531 | 45 751 43.41 56.59 92.19 | 7.81 | 40.02 3.39
Ishpeming . 1,894 | 705 582 | 123 | 1,139 | 37.22 62.78 82.55 17.45 | 30.78 6,49
Jackson 4,787 | 2,190 1,410 | 780 2,597 | 45.75 54.25 64.38 35.62 || 29.46 16.29
Kalamazoo.... 3,891 2,115 1,131 | 984 1,776 | 54.36 45.64 53.48 46.52 | 29.07 | 25.29
Lansing... 2,908 1,460 | 900 | 560 | 1,448 | 50.21 49.79 61.64 38.36 || 30.95 19.26
Manistee .. 2,548 1,246 664 | 582 1,302 48.90 51.10 53.29 | 46.71 || 26.06 22.84
|
Marquette 1,601 | 760 | 561 199 841 47.47 52.53 78.82 26.18 | 35.04 12.48
Menominee 1,904 | 882 634 | 248 | 1,022 46.32 53.68 71.88. | 28.12 | 33.3 13.02
Muskegon 4,783 | 2,413 | 1,479 934 | 2,370 50.45 49.55 61.29 | 38.71 30.92 | 19.53
Port Huron... 2,804 | 1,265 855 | 410 | 1,589 | 45.11 54.89 | 67.59 | 82.41 | 80.49 14.62
Saginaw mee 9,315 | 4,871 | 3,356 | LS | 4,444 || 52.29 47.71 | 68.90 | 31.10 | 36.03 16.26
SWiestiBay sere seccccrs 2,538 1,212 718 | 494 | 1,326 47.75 52.25 | 59.24 | 40.76 || 28.29 19.46
i | } -| Sse =
| pee | | = i =
Rest of state (for homes)...........| 164,892 | 88,081 | 62,381 | 25,700 || 76,811 53.42 46.58 | 70.82 | 29.18 | 37.83 15.59
i} i}

OWNERSHIP AND DEBT IN MICHIGAN.

3

TasLE 2.—VALUE OF FARMS AND HOMES OCCUPIED BY OWNERS AND INCUMBERED AND AMOUNT AND PERCENTAGE

OF INCUMBRANCE THEREON.

CIVIL DIVISIONS.

Ann Arbor
Battle Creek ..
Bay city..

Number

| |

Grand Rapids..............sscscecceesseees|

Iron Mountain..

Ishpeming .......
Jackson
Kalamazoo

Lansing:
Manistee...
Marquette..
Menominee..
Muskegon..
Port Huron

SERENE hy casenosccnccones ctaoracoaercencescescnd
AVVIOS Dal DY prccndacaccsktrereneamtensusievacssiersecs

Rest of state (for homes)....

of families peacounes|
owning Value. Incumbrance. esas
with in-
cumbrance. cialis
117,707 | $282 ,450 072 $93 ,216 ,063 | 33.00 |
72,395 | 198,964,438 64,414,986 | 82,38 |
45,312 | 83,485,634 28,801,077 | 34.50 |
6,499 17,125 321 6,248,418 | 36.49
13,113 26,108 ,576 9,279,906 | 35.54
277 411,782 155,638 | 37.80 |
346 405 ,920 140,248 | 34.55 |
427 1,177,585 433,421 | 36.81 |
680 1,427,958 517,636 | 36.25 |
961 1,631,453 639 652 39.21
433 697 ,966 233,354 | 33.48
3,115 7,873,254 2,713,885 36.81
45 91,362 21,646 23,69
123 | 328 ,757 127,441 | 38.7!
780 | 1,786 ,126 634,745 | 35.54
984 | 2,339,805 813,069 | 34.75
560 | 1,106 ,547 416,173 | 37.61
582 829 679 271,216 32.69
199 619,748 178,870 | 28.86
248 571,279 196,790 34.45
934 1,174,965 376,794 32.07
410 714,926 241,197 33.7.
1,515 2,606 656 897 ,367 34.43
494 | 812,808 270,764 | 33.31 |
25,700 | 40,251,737 | 13,272,753 | 32.97 |

FARMS, HOMES, AND MORTGAGES.

TABLE 3.—AMOUNT OF ANNUAL INTEREST CHARGE AND AVERAGE VALUE, INCUMBRANCE, ANNUAL.
INTEREST CHARGE, AND ANNUAL RATE OF INTEREST FOR FARMS AND HOMES OCCUPIED BY
OWNERS AND INCUMBERED.

| ] | |
|
| ATEMES average Re
of each | tae Total interest ewer.
CIVIL DIVISIONS. | ineum- | annual inter- charge
| bered | ©” eacha eet charge. | on each | Rake OF
} | farm or ca farm or interest.
| | home. omnes home.
| | |
The State..........ccsccssesseseerensee | $2,400 $792 $6 643,213 $56 7,18
NOT HTATIABIsssscescsavéccncssnccescesss | 2,748 890 | 4,574,679 | 63 7.10
For homes.... 1,842 636 | 2,068,534 46 7.AS8
Detroit (for homes)... ssse-----| 2,635 | 961 | 428,036 65 6.77 |
| Nineteen cities (for homes).............. 1,991 | 708 | 670,024 — 5L 7.22
| | : z
| 1,487 562 | 10,215 37 6.56
| 1,173 405 | 10,976 32 7.83
| Ann Arbor... 2,758 1,015 | 28 ,520 67 | 6.58
| Battle Creek... 2,100 761 | 37,010 54 7.15 |
Bay city........... 1,698 | 666 | 47,859 | 50 7.48 |
Hoe ighbtngeteereen eres 1,612 539. | 16,880 39 7.23
Grand Rapids.. 2,367 | 871 | 195,332 | 63 | 7.20
| Tron Mountain 2,030 481 | 1,716 28 7.93
| Ishpeming ... 2,673 1,036 10,083 _ 82 7.91
| Jackson 2,200 | sl 42,874 55 6.75
| Kalamazoo... 2,378 826 56,793 58 6.99
| Lansing 1,976 743 30,354 54 7.29
| Manistee 1,426 | 466 20,543 35 7.57
Marquette... 3,114 | 899 | 13,971 | || TEL |
Menominee... 2,304 794 | 15,443 62 7.85
Muskegon.. 1,258 | 408 | 29,022 31 7.70
Port Huron... 1,744 | 588 17,496 | 43 7.25 |
Saginaw, 1,721 592 64,121 | 42 7.15 |
| West Bay... 1,645 | 548 20,816 | 42 7.69 |
| =| — | |
| Rest of state (for homes)... | 1,566 | 516 | 975,474 | 88 | 7.85 |

TABLE 4.—PERCENTAGE OF FAMILIES OCCUPYING OWNED AND INCUMBERED FARMS AND HOMES AND
OF AMOUNT OF INCUMBRANCE THEREON, BY RATES OF INTEREST.

THE STATE.
| FOR HOMES IN
|CITIES OF 8,000 ro D2 EOE) 2085
| 100,000 PEOPLE. DETROIT.
For farms. | For homes,
RATES OF INTEREST. | —_ : -
For | For | | For | For
| number For number For | number For | number For
| of amount. | of | amount. of | amount. | of |amount.
| families. families. || families. families.
| i | | | |

| Under 6 per Cent... 00... ccc. osscceeeeeees| 1.59 2.61 1.53 1.64 || 1.53 1.40 | 2.21 1.91

6 per cent... W eeza | aaeaeh Ne i7e820) re k4sy i Wi 7e57) |, Olds) |) 089) |) sz0r84

7 per cent.... | 43.69 49.09 52.44 | 54.99 || 51.76 | 55.08 || 982.23 71.63 |

8 per cent 28.65 | 18.61 || 24°90 | I9-1L | 27.96 | 22.65 |) 3.21 2.10

6 to 8 per cent, inclusive 86.91 92.36 | 87.92 92.381 || 90.52 | 93.79 I 97.42 | 97.60

Over 6 per cent...........-.00.0..0000- 89.67 82.97 || 90.65 | 85.88 | 90.90 88.15 H 87.40 77.75

Over 8 per cent.... 11.50 5.03 || 10.55 | 6.05 | 7.95 | 4.81 | 0.37 0.49

|| | | ||
Over 10 per cent... oo 0.13 0.06 | 0.15 0.11 | 0.15 | 0.10 | 0,03 0.02
Over']2) per Cent....--..ccccc<e conc eeensesesseee | 0.05 0.02 | 0.08 | 0.0! 0.08 0.06 |}.-....-.-.ss0

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