Why 40% of U.S. homeowners have no mortgage—and the number keeps growing

Why 40% of U.S. homeowners have no mortgage—and the number keeps growing

Want more housing market stories from Lance Lambert’s ResiClub in your inbox? Subscribe to the ResiClub newsletter. According to ResiClub’s analysis of the U.S. Census Bureau’s new annual data, 40.3% of U.S. owner-occupied housing units are now mortgage-free, marking a new high for this data series. That’s up from 39.8% in 2023. The portion of homeowners with no mortgage has ticked up almost every year since 2010—when it was 32.8%. A key factor …