159,171 Orange County homes are owned mortgage-free. Where were the most?

May 21–In Orange County, 159,171 homeowners possess an enticing slice of the American dream — mortgage-free living.

An analysis of 2012-2016 Census Bureau housing data found an average 27.4 percent of the county’s 581,506 owner-occupied residences did not have a mortgage on the property. Only 12 California counties had a smaller share of mortgage-free homes.

Statewide, 27.8 percent of owners live mortgage-free. Inyo County was tops with 53.5 percent free and clear; San Benito County was lowest at 22.5 percent.

Here are Orange County’s communities with the highest share of mortgage-free living, and rank, among the state’s 500 most-populous towns:

1. Laguna Woods: 70.7 percent mortgage-free — 6,074 of 8,587 homes. State rank: No. 1.2. Seal Beach: 67.6 percent — 6,260 of 9,256 homes. No. 2.3. Westminster: 35.8 percent — 5,148 of 14,363 homes.No. 70.4. Fountain Valley: 33.2 percent — 4,364 of 13,142 homes. No. 106.5. Newport Beach: 33 percent — 6,949 of 21,055 homes. No. 110.6. Stanton: 32 percent — 1,781 of 5,570 homes. No. 127.7. Laguna Beach: 31.9 percent — 2,110 of 6,607 homes. No. 128.8. Rossmoor: 31.6 percent — 1,069 of 3,381 homes. No. 134.9. La Palma: 31.5 percent — 1,067 of 3,388 homes. No. 137.10. Dana Point: 31.5 percent — 2,792 of 8,873 homes. No. 137.

Other big communities, share of mortgage-free housing and rank among state’s 500 most-populous towns:

Huntington Beach: 31.1 percent mortgage-free — 13,704 of 44,002 homes. State rank: No. 144.Garden Grove: 28.7 percent — 7,353 of 25,643 homes. No. 204.Santa Ana: 28.4 percent — 9,418 of 33,206 homes. No. 217.Fullerton: 27.8 percent — 6,480 of 23,285 homes. No. 240.Irvine: 26 percent — 11,171 of 42,981 homes. No. 297.Anaheim: 25.3 percent — 11,462 of 45,271 homes. No. 322.Orange: 22.9 percent — 5,539 of 24,221 homes. No. 376.Mission Viejo: 22.2 percent — 5,779 of 26,012 homes. No. 394.

And lowest?

Ladera Ranch: 6.8 percent — 389 of 5,685 homes. No. 499.

This article provided by NewsEdge.