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Average National Mortgage Debt Reaches Nearly $200,000 – Find Your State’s Average

Real Estate

Average National Mortgage Debt Reaches Nearly $200,000 – Find Your State’s Average

Having a mortgage is a right of passage for many Americans.  And have a high level of debts comes with owning a home. In fact the average level of mortgage debt nationwide is $196,013.

Washington DC has the highest average mortgage debt of $385,159.  West Virginia has the lowest level of debt at $113,436.

States in the midwest tended to have the lowest levels of mortgage debt.

West Virginia -$113K

Indiana – $120K

Mississippi – $118K

Arkansas – $123K

Kentucky – $124K

Ohio $127K

Iowa – $127K

Oklahoma – $128K

Michigan – $132K

Nebraska – $133K

Kansas – $136K

Alabama- $138K

While states on the coasts tend to have the highest level of mortgage debt.

The average resident of Hawaii is situated with $331K of mortgage debt, California is at $336K and DC tops the list at $385K.

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