How Many St. Charles-Area Homeowners Have Paid Off Their House?

By Ryan Fitzpatrick

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 8,691 St. Charles homeowners, 23.5 percent are mortgage-free. St. Charles Patch created a chart to for comparison with other nearby communities.

These numbers are lower than the Chicagoland average of 26 percent of homeowners who are mortgage-free.

City/Town

Percent

Homes*

St. Charles

23.5%

8,691

Campton Hills

20.3%

3,148

West Chicago

19.1%

5,155

Wayne

15.5%

928

South Elgin

11.5%

6,236

Geneva

24.1%

6,404

Batavia

16.2%

7,187

North Aurora

17.1%

4,839

* Owner-occupied units

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If you own a home, are you still paying off your mortgage? When will you be mortgage-free?