Seattle, which is one of the most expensive housing markets, has seen its population of homeowners without a mortgage balloon.
Back in 2010, there were approximately 31,000 residential properties located in Seattle where the owners had no mortgage outstanding.
But thanks to annual sales of mortgage-free properties that peaked at more than 13,000, the number of unencumbered jumped past 40,000 in 2016.
Source: Mortgage Daily
