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Extra Census Bulletin.
No. 85. WASHINGTON, D. c. September 29, 1894.
STATISTICS OF FARMS, HOMES, AND MORTGAGES.
OWNERSHIP AND DEBT IN WASHINGTON.
DEPARTMENT OF THE INTERIOR,
Census Office,
Washington, D. O, September 14, 1894.
Sir:
The leading results of the investigation of farm and home proprietorship in Washington for 1890, conducted
by Special Agents George K. Holmes and John S. Lord, are contained in this bulletin. In regard to farms, the
conclusion is that 18.41 per cent of the farm families hire and 81.59 per cent own the farms cultivated by them ;
that 26.76 per cent of the farm owning families own subject to incumbrance and 73.24 per cent own free of incumbrance.
Among 100 farm families, 18 hire their farms, 22 own with incumbrance, and 60 without incumbrance. On the owned
farms there are liens amounting to $6,966,100, which is 28.64 per cent of their value, and this debt bears interest
at the average rate of 9.87 per cent, making the average annual interest charge $131 to each family. Each owned
and incumbered farm, on the average, is worth $4,632, and is subject to a debt of $1,327.
The corresponding facts for homes are that 59.73 per cent of the home families hire and 40.27 per cent own
their homes; that of the home owning families 79.99 per cent own free of incumbrance and 20.01 per cent with
incumbrance. In 100 home families, on the average, 60 hire their homes, 8 own with incumbrance, and 32 without
incumbrance. The debt on owned homes aggregates $5,225,270, or 2S.86 per cent of their value, and bears interest
atthe average rate of 9.31 per cent, so that the annual amount of interest to each home averages $129. An average
debt of $1,382 incumbers each home, which has the average value of $4,788.
There are 3 cities in the state in the class of those having a population of 8,000 to 100,000, and in these cities
72.14 per cent of the home families hire and 27.86 per cent own their homes, and of the home owning families 26.74
per cent own with incumbrance and 73.26 per cent own free of incumbrance. In 100 home families, on the average,
are found 72 that hire their homes, 8 that own with incumbrance, and 20 that own without incumbrance. The liens
on the owned homes are 28.56 per cent of the value of those subject to lien. Several averages show that the rate
of interest is 8.81 per cent; value of each owned and incumbered home, $7,562 ; lien on same, $2,160, and yearly
interest charged on each home, $190.
Real estate purchase and improvements, when not associated with other objects, caused 57.16 per cent of the
farm families to incur 62.43 per cent of the farm debt and 74.04 per cent of the home families to incur 72.72 per
cent of the home debt.
Very respectfully,
CARROLL D. WRIGHT,
Commissioner of Labor in charge.
The Secretary of the Interior.
c. o. P.— 4m
FARMS, HOMES, AND MORTGAGES.
Table 1.— NUMBER AND PERCENTAGE OF FAMILIES OCCUPYING OWNED AND HIRED AND FREE AND INCUMBERED
FARMS AND HOMES: 1890.
CIVIL DIVISIONS.
Aggre-
gate.
FAMILIES OWNING.
Families
hiring.
PERCENTAGE OP
FAMILIES OWNING
AND HIRING.
PERCENTAGE OF
FAMILIES OWNING
FREE AND INCUM-
BERED OF TOTAL
OWNING FAMILIES.
PERCENTAGE OF
FAMILIES OWNING
FREE AND INCUM-
BERED OF TOTAL
OWNING AND HIR-
ING FAMILIES.
Total.
Free.
Incum-
bered.
Owning.
Hiring.
Free.
Incum-
bered.
Free.
Incum-
bered.
70,977
38,521
29,488
9,033
32,456
54.27
45.73
76.55
23.45
41.54
24,047
46,930
19,620
18,901
14,369
15,119
5,251
3,782
4,427
28,029
81.59
40.27
18.41
59.73
73.24
79.99
73.26
26.76
20.01
59.75
32.21
20.41
17,652
4,918
3,603
1,315
12,734
27.86
72.14
26.74
7,857
3,439
6,356
2,254
900
1,764
1,723
749
1,131
531
151
633
5,603
2,539
4,592
28.69
26.17
27.75
71.31
73.83
72.25
76.44
83.22
64.12
23.56
16.78
35.88
21.93
21.78
17.79
29,278
13,983
11,516
2,467
15,295
47.76
52.24
82.36
17.64
39.33
8.43
Table 2.— VALUE OF FARMS AND HOMES OCCUPIED BY OWNERS AND INCUMBERED AND AMOUNT AND PERCENTAGE
OF INCUMBRANCE THEREON: 1890.
CIVIL DIVISIONS.
Number
of families
owning
with in-
cumbrance
Value.
Incum-
brance.
1
Percent-
age of
brance of
value.
9,033
$42,427,919
812,191,370
28.73
5,251
3,782
24,320,083
18,107,836
6,966,100
5,225,270
28.64
28.86
1,315
9,944,214
2,840,127
28.56
531
151
633
3,869,717
1,594,338
4,480,159
1,099,112
429,580
1,311,435
28.40
26.94
29.27
2,467
8,163,622
2,385,143
29.22
OWNERSHIP AND DEBT IN WASHINGTON. 3
Table 3.— AMOUNT OF ANNUAL INTEREST CHARGE AND AVERAGE VALUE, INCUMBRANCE, ANNUAL INTEREST
CHARGE, AND ANNUAL RATE OF INTEREST FOE FARMS AND HOMES OCCUPIED BY OWNERS AND INCUMBERED :
1890.
CIVIL DIVISIONS.
Average
value of
each
bered farm
or home.
Average
brance on
each farm
or home.
Total
annual
interest
charge.
Average
annual
interest
charge on
each farm
or home.
Average
annual
rate of
interest.
$4,697
$1,350
$1,173,923
$130
9.63
4,632
4,788
1,327
1,382
687,378
486,545
131
129
9.87
9.31
7,562
2,160
250,221
190
8.81
Seattle
7,288
10,559
7,078
2,070
2,845
2,072
92,127
40,484
117.610
173
268
186
8.38
9.42
8.97
3,309
967
236,324
96
9.91
-PERCENTAGE OF FAMILIES OCCUPYING OWNED AND INCUMBERED FARMS AND HOMES AND OF AMOUNT
OF INCUMBRANCE THEREON, BY RATES OF INTEREST : 1890.
Under 6 per cent
6 per cent
7 per cent
8 per cent
6 to 8 percent, in
Over 6 per cent...
Over 8 per cent...
Over 10 per cent..
Over 12 per cent
THE STATE.
0.29
1.50
5.87
4.28
12.32
98.21
87.39
19.54
2.57
0.49
1.19
3.80
5.63
11.57
98.32
87.94
17.02
2.21
1.06
4.65
5.05
10.60
21.23
94.29
77.71
19.20
4.44
7.06
5.64
13.03
30.35
91.95
68.66
12.64
2.67
FOR HOMES IN
CITIES OF 8,000 TO
100,000 PEOPLE.
6.24
17.19
31.79
91.79
67.53
6.92
1.29
7.28
15.04
39.10
89.87
60.55
3.89
0.72
BOSTON PUBLIC LIBRARY
3 9999 06398 553 3
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