Extra Census Bulletin No. 38

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Table 2 shows that the existing real estate mortgage debt of Vermont is $27,907,687, of which $19,439,988, or 69.66 per cent, is on acres and $8,467,699, or 30.34 per cent, is on lots. Of the 34,388 mortgages in force, 22,294, or 64.83 per cent, are on acres and 12,094, or 35.17 per cent, are on lots. Mortgages in force cover 1,667,602 acres and 12,242 lots. Mortgages have an average life of 5.532 years ; on acres, 5.352 years ; on lots, 6.158 years. The partial payments adopted for this state
...are 12.90 per cent of the face of the existing mortgages on acres ; 10.68 per cent on lots ; total, 12.24 per cent.
38—2 3 4 FARMS, HOMES, AND MORTGAGES.
An existing mortgage debt of $5,274,922 incumbers tbe real estate in Rutland county, $3,133,302 in Chittenden county, and $2,548,367 in Washington county.
Some derived results that have been obtained follow : Percentage of estimated true value of all taxed real estate represented by the debt in force 19.21 Average amount of debt in force per mortgaged acre $11.66 Average rate of interest on the existing debt 5.98 Average rate of interest on the existing debt on acres 5.97 Average rate of interest on the existing debt on lots 5.98 Average number of acres covered by each mortgage in force against acres 75 Average amount of debt to each mortgage in force $812 Average amount of debt to each mortgage in force against acres $872 Average amount of debt to each mortgage in force against lots $700 Per capita existing debt $84 RATES OF INTEREST AND CLASSIFICATION OF AMOUNTS OF LOANS.


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