A growing share of US homeowners are living without a mortgage, as aging baby boomers and long-term demographic shifts reshape the housing landscape.

According to a new analysis from ResiClub based on US Census Bureau data, 40.3% of owner-occupied homes in the country were mortgage-free in 2024, marking a record high and a modest uptick from 39.8% the year prior.

The share has climbed steadily over the past decade, up from 32.8% in 2010, signaling that more Americans are aging into debt-free homeownership.

The increase, analysts say, reflects a simple truth about the country’s changing population: the US is getting older.

Demographics have been noted as one of the main factors leading to an increase in mortgage-free home ownership.

Homeowners who are older are more likely to be mort

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