More than 20 percent of homeowners in the Sacramento area own their homes outright, unencumbered by a mortgage, according to an analysis of mortgage data released today by Seattle-based Zillow.
Sacramento's percentage of 21.5 percent was among 30 top U.S. metro markets broken out by Zillow, which said 20.6 million Americans, or 29.3 percent of homeowners, own their homes outright.
The Zillow data was amassed through the third quarter of 2012 and did not include investor and rental homes.
Zillow also noted that U.S. areas with lower home values generally had higher outright home ownership rates.
Among the nation's 30 largest metro areas, Pittsburgh had the highest percentage (38.6 percent) of homeowners not paying on a mortgage. Washington, D.C. was on the bottom of the list at 15.5 percent.