One-third of California homeowners have no mortgage – Orange County Register

”Survey says” looks at various rankings and scorecards while noting these grades are best seen as a mix of artful interpretation and data.

Buzz: California has 2.4 million households living what many consider a dream – being a free-and-clear homeowner, the third-highest count among the states.

Source: My trusty spreadsheet reviewed Census data tracking homeowners – dividing households between those living with or without mortgages – for 2021 in the 50 states and the District of Columbia.


Where were most owners free and clear of any home loan in 2021?

They’re in Texas at 2.9 million, and Florida at 2.5 million. After California comes New York at 1.7 million and Pennsylvania at 1.5 million.

Yet no-mortgage owners in California are only 33% of all homeowners – and only four places have a smaller share: D.C. at 24%, Maryland at 28% and Colorado and Utah at 30%.

West Virginia has the largest share of free-and-clear owners at 53%, followed by Mississippi at 51%, North Dakota and New Mexico at 47% and Louisiana at 46%. By the way, Texas and Florida were both at 43%.


Ponder the relatively modest ownership costs of free-and-clear life.

Leave a Comment