Real Estate
Many Oak Forest Homeowners are Mortgage-Free
Crain's Chicago Business reports 25.4 percent of Oak Forest homeowners own their homes outright.
Article updated at 10 a.m. on April 4, 2013
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 7,604 Oak Forest homeowners, 25.4 percent are mortgage-free. These numbers are lower than the Chicagoland average of 26 percent of homeowners being mortgage-free.
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If you own a home, are you still paying off your mortgage? When will you be mortgage-free?
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