Communities with a large segment of senior citizens or high median incomes tend to have the highest percentage mortgage-free homes, according to Crain’s Chicago Business.
According to the Crain's analysis of 19,021 Orland Park homeowners, 36 percent are mortgage-free. These numbers are higher than the Chicagoland average of 26 percent of homeowners being mortgage-free.
If you own a home, are you still paying off your mortgage? When will you be mortgage-free?