Real Estate
Many Shorewood Homeowners are Mortgage-Free: Report
Crain's Chicago Business recently conducted an analysis of who is living without that monthly payment to the bank.
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 Shorewood's 4,634 owner-occupied units 24.6 percent are mortgage-free. These numbers are lower 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?
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