40% of American homeowners, i.e., 31.4 million out of 78.5 million, own their primary residence free and clear of any debt, i.e., no outstanding mortgage debt or home equity loan.  The 31.4 million homeowners with zero housing debt represent 26% of the 122.4 million households in the United States today, the latter total including 43.9 million households who are renters and not owners (source: Census Bureau).

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