Community Corner
Niles Among Highest in Paid-Off Homes
Crain's Chicago Business reports a stunning 47.1 percent of Niles homeowners own their homes outright. Morton Grove dazzles also, with 37.3 percent of homeowners being mortgage-free.
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, 8,863 Niles homeowners or 47.1 percent, are mortgage-free. Morton Grove boasts similar numbers with 7,652 homeowners or 37.3 without a home loan. These numbers all well above the Chicagoland average of 26 percent of homeowners being mortgage-free.
Find out what's happening in Niles-Morton Grovewith free, real-time updates from Patch.
If you own a home, are you still paying off your mortgage? When will you be mortgage-free?
Get more local news delivered straight to your inbox. Sign up for free Patch newsletters and alerts.
We’ve removed the ability to reply as we work to make improvements. Learn more here
