.

Which North Shore Community Has Most Mortgage-Free Homes?

More than 30 percent of Wilmette and Kenilworth homeowners own their homes outright.

 

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

In Wilmette, 34.6 percent or 8,272 of homes are mortgage free; in Kenilworth that figure is 34.4 percent or 752 homes, according to Crain’s analysis.

Here’s a look at other North Shore communities: 

Community    

Percentage of

Mortgage-Free Homes

Glencoe

37.7% (2,823)

Northbrook

35% (10,851)

Wilmette

34.6% (8,272)

Kenilworth

34.4% (752)

Skokie

34.4% (17,179)

Glenview

32.7% (13,699)

Winnetka

32.4% (3,591)

Chicago

26.6% (484,122)

Evanston

25.5% (16,896)

Related Coverage

  • Wilmette Home Sale Prices Down

Boards

More »
Got a question? Something on your mind? Talk to your community, directly.
Note Article
Just a short thought to get the word out quickly about anything in your neighborhood.
Share something with your neighbors.What's on your mind?What's on your mind?Make an announcement, speak your mind, or sell somethingPost something
See more »