Extra Census Bulletin No. 81

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In 100 home families, on the average, 50 hire their homes, 16 own with incumbrance 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 citi
...es 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.

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