Forty-three and one-half percent of all farms in North Carolina are operated by tenants, and 52.6 percent of all homes, town and country, are occupied by renters. In farm tenancy ratios North Carolina ranks 40th among the states, while in the percent of all home occupied by owners, farm and others, 27 states make a better showing. Except for our excessive farm tenant ratio, North Carolina would rank fairly well among the states in home ownership.
Between 1910 and 1920 there was an increase in the percent of farms operated by tenants, but a general trend towards home-ownership on the part of non farming classes. Although our farm tenants increase by more than 10,000, the percent of all homes rented, farm and urban, decreased from 53 percent to 52.6 percent; the percent of all homes owned free of encumbrance increased from 38.6 to 39.3 percent. The percent of all homes owned free of encumbrance increased from 38.6 to 39.3 percent. The percent of all owned homes owned free of encumbrance increased from 82.2 to 82.9, in which respect North Carolina ranks best among the states in the Union. However, less than half of the people of the state live in homes of their own, and 27 states make a better showing than North Carolina.
From the University of North Carolina News Letter, August 19, 1925. Homes and farms owned without an encumbrance would not have a mortgage.
newspapers.digitalnc.org/lccn/2015236560/1925-08-19/ed-1/seq-1/
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