Many Frankfort Homeowners are 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 of 5,194 Frankfort homeowners, 20.2 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?