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Extra Census Bulletin 



No, 88. WASHINGTON, D. C. October 3, 1894. 

SATISTICS OF FARMS, HOMES, AND MORTGAGES. 

OWNERSHIP AND DEBT IN OREGON. 



DEPARTMENT OF THE INTERIOR, 

Census Office, 
Washington, D. O, September 19, 1894. 
Sir: 

The leading results of the investigation of farm and home proprietorship in Oregon 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 18.58 per cent of the farm families hire and 81.42 per cent own the farms cultivated by them ; 
that 23.36 per cent of the farm owning families own subject to incumbrance and 76.64 per cent own free of 
incumbrance. Among 100 farm families, 19 hire their farms, 19 own with incumbrance, and 62 without incumbrance. 
On the owned farms there are liens amounting to $6,841,047, which is 29.85 per cent of their value, and this debt 
bears interest at the average rate of 9.06 per cent, making the average annual interest charge $118 to each family. 
Each owned and incumbered farm, on the average, is worth $4,359 and is subject to a debt of $1,301. 

The corresponding facts for homes are that 53.28 per cent of the home families hire and 46.72 per cent own 
their homes; that of the home owning families, 71.96 per cent own free of incumbrance and 28.04 per cent with 
incumbrance. In 100 home families, on the average, 53 hire their homes, 13 own with incumbrance, and 34 without 
incumbrance. The debt on owned homes aggregates $6,619,499, or 28.45 per cent of their value, and bears interest 
at the average rate of 8.72 per cent, so that the annual amount of interest to each home averages $122. An average 
debt of $1,398 incumbers each home, which has the average value of $4,914. 

There are 2 cities in the state in the class of those having a population of 8,000 to 100,000, and in these cities 
66.25 per cent of the home families hire and 33.75 per cent own their homes, and of the home owning families, 67.72 
per cent own with incumbrance and 32.28 per cent own free of incumbrance. In 100 home families, on the average, 
are found 66 that hire their horr-os, 23 that own with incumbrance, and 11 that own without incumbrance. The 
liens on the owned homes are 28.51 per cent of the value of those subject to lien. Several averages show that the 
rate of interest is 8.58 per cext ; value of each owned and incumbered home, $7,080; lien on the same, $2,018, and 
yearly interest charge on each home, $173. 

Real estate purchase and improvements, when not associated with other objects, caused 61.82 per cent of the 
farm families to incur 65.01 per cent of the farm debt and 83.27 per cent of the home families to incur 82.77 per 
cent of the home debt. 

Very respectfully, 

CARROLL D. WRIGHT, 

Commissioner of Labor in charge. 

The Secretary of the Interior. 

C. O. P.-ta 



FARMS. HOMES, AND MORTGAGES. 



Table I.— 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 OF 

FAMILIES OWNING 

AND HIRING. 


PERCENTAGE OF 1 
FAMILIES OWNING 
FREE AND INCUM- j 
BERED OF TOTAL 
OWNING FAMILIES. 


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




Total. 


Free. 


Incum- 
bered. 


Owning. 


Hiring. 


Free. 


Incum- 
bered. 


Free. 


bered. 




63,791 


39,392 


29,400 


9,992 


24,399 


61.75 


38,25 


74.63 


25.37 


46.09 


15.66 






F r farms 


27,639 
36,152 


22,503 
16,889 


17,216 
12,154 


5,257 
4,735 


5,136 
19,263 


81.42 
46.72 


18.58 
53.28 


76.64 
71.96 


23.36 
28.04 


62.40 
33.62 


19.02 




13.10 










8,803 


2,971 


959 


2,012 


5,832 


33.75 


66.25 


32.28 


67.72 


10.89 


22.86 








2,067 
6,736 


916 
2,055 


362 
597 


554 

1,458 


1,151 

4.681 


41.32 
30.51 


55.68 
69.49 


39.52 
29.05 


60.48 
70.95 


17.52 
8.86 


26.80 




21.65 








27,319 


13,918 


11,195 


2,723 


13,431 


50.89 


49.11 


80.44 


19.56 


40.93 


9.96 











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 

branee. 


Value. 


Incumbrance. 


Percentage 

branee of 
value. 




9,992 


316,185,727 


$13,460,546 


29.14 




5,257 
4,735 


22,917,073 
23,268,654 


6,841,047 
6,619,499 


29.85 
28.45 






2,012 


14,244,104 


4,060,738 


28.51 




554 
1,458 


3,157,041 
11,087,063 


901 ,682 
3,159,056 


28.56 
29.49 


Portland 


2,723 


9,024,550 


2,558,761 


28.35 





OWNERSHIP AND DEBT IN OREGON. 



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 : 
1890. 



CIVTL DIVISIONS. 


Average 

value of Average Total 
each " annual 

beredferm eac ' 1 farm '"barge' 
or home or home. 


Average 
annual 
interest 
charge on 
each farm 
or home. 


Average 
annual 
rale of 




$4,622 ! SI ,317 $1, 197,066 


$120 


8.89 




4,359 1.801 619.661 


118 
122 


9.06 
8.72 




4,914 


1,398 577,405 






7,080 


2,018 348,479 


173 


8.58 






5,699 
7,604 


1,628 79,023 
2,167 , 269,456 


143 
185 


S.76 
8.53 


Portland 


Rest of state (for homes) 


3,314 940 228,926 


84 


S.95 



Table 4. 



-PERCENTAGE OF FAMILIES OCCUPYING OWNED AND INCUMBERED FARMS AND HOMES AND OF AMOUNT 
OF INCUMBRANCE THEREON, BY RATES OF INTEREST : 1890. 



SATES OF II 



Under 6 per cent 0.46 

6 per cent ' 3.18 

7 per cent 2.07 

8 percent | 31.12 

6 to 8 per cent, inclusive 37.21 

Over 6 per cent 96.36 

Over 8 per cent 62.33 

Over 10 per cent 3.82 

Over 12 per cent I 0.93 



2.60 
2.31 
31.70 
38.12 
97.03 
61.51 
2.92 



FOR HOMES IN 
- CITIES OF 8,000 TO 
100,000 PEOPLE. 



For 

number For number | 

of amount. of ! amount, 

families. 'families. 



0.89 
2.13 
1.46 
21.50 
28.81 



35.48 
42.66 



0.45 
1.09 
1.84 
24.50 
28.53 
98.46 
71.02 
0.05 



53.15 
0.01 



BOSTON PUBLIC LIBRARY 



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