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
Iowa – $127K
Oklahoma – $128K
Michigan – $132K
Nebraska – $133K
Kansas – $136K
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.