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How Much Americans Owe on Their Mortgages in Every State

The national average mortgage debt is $196,014, which has increased by an average of 2.5% from the prior year and up 6.4% from 9 years ago.

Residents of Washington D.C. had the highest average mortgage debt at $385,000, followed by California ($336K) and Hawaii ($331K). People in West Virginia owed the least on their homes, with an average of $113,000 in mortgage debt.

Top 10 States with the Highest Average Mortgage Debt
Washington D.C. $385,159
California $336,250
Hawaii $331,180
Maryland $252,217
Massachusetts $246,004
New Jersey $242,631
Virginia $242,022
Washington $240,098
New York $234,548
Connecticut $232,494
Source: Experian.com
Top 10 States with the Lowest Average Mortgage Debt
West Virginia $113,436
Mississippi $117,587
Indiana $119,651
Arkansas $123,495
Kentucky $123,546
Ohio $126,746
Iowa $127,495
Oklahoma $127,819
Michigan $132,336
Nebraska $132,933
Source: Experian.com

While residents in West Virginia owed the least on their homes, the amount owed increased by 4.01% from the prior year, making West Virginia one of the top 5 states in the country with the biggest average increase in mortgage debt. North Dakota was the top state with the largest average increase in mortgage debt with a 5.52% increase from the prior year.

On the other hand, Vermont fared the best in terms of average mortgage debt from the prior year, and was the only state which had a drop in the average mortgage debt when compared to the prior year with a decrease by -0.08%.

Top 10 States with the Highest % Increase in Mortgage Debt Compared to the Prior Year
North Dakota 5.52%
Texas 5.29%
South Dakota 4.32%
Kansas 4.19%
West Virginia 4.01%
Washington D.C. 3.66%
Hawaii 3.64%
South Carolina 3.57%
Colorado 3.51%
Tennessee 3.45%
Source: Experian.com
Top 10 States with the Lowest % Increase in Mortgage Debt Compared to the Prior Year
Vermont -0.08%
Connecticut 0.51%
Wisconsin 0.57%
Ohio 0.69%
Rhode Island 0.77%
New Mexico 0.95%
New Hampshire 1.00%
Pennsylvania 1.24%
Arizona 1.29%
Alabama 1.32%
Source: Experian.com

When looking at a longer timeframe, North Dakota has had the largest increase in average mortgage debt with an increase by 52.29%, from $99,833 to $152,039. Whereas, Nevada had a decrease in average mortgage debt by -15.00%, from $247,855 to $210,673.

Top 10 States with the Highest % Increase in Mortgage Debt Compared to 9 Years Ago
North Dakota 52.29%
Wyoming 32.36%
Louisiana 27.18%
Texas 27.08%
Oklahoma 26.59%
Alaska 26.34%
South Dakota 25.51%
Montana 23.96%
Hawaii 19.60%
Iowa 19.14%
Source: Experian.com
Top 10 States with the Lowest % Increase in Mortgage Debt Compared to 9 Years Ago
Nevada -15.00%
Arizona -5.63%
Florida -5.32%
Michigan -3.41%
California -2.33%
Illinois 0.61%
Ohio 2.36%
Georgia 2.57%
Minnesota 2.60%
Rhode Island 2.76%
Source: Experian.com

Average Mortgage Debt by State

State Average Mortgage Debt % Change from Prior Year
Alabama $138,154 1.32%
Alaska $217,960 1.82%
Arizona $194,853 1.29%
Arkansas $123,495 2.16%
California $336,250 2.28%
Colorado $230,142 3.51%
Connecticut $232,494 0.51%
Delaware $189,962 1.89%
Florida $177,932 2.53%
Georgia $165,466 1.98%
Hawaii $331,180 3.64%
Idaho $158,953 3.35%
Illinois $176,282 1.55%
Indiana $119,651 2.54%
Iowa $127,495 2.24%
Kansas $135,508 4.19%
Kentucky $123,546 1.77%
Louisiana $145,330 3.13%
Maine $145,243 1.86%
Maryland $252,217 1.38%
Massachusetts $246,004 2.43%
Michigan $132,336 1.64%
Minnesota $172,130 1.61%
Mississippi $117,587 2.60%
Missouri $134,760 1.60%
Montana $170,113 1.81%
Nebraska $132,933 3.16%
Nevada $210,673 2.04%
New Hampshire $180,223 1.00%
New Jersey $242,631 1.33%
New Mexico $157,280 0.95%
New York $234,548 3.11%
North Carolina $161,893 2.45%
North Dakota $152,039 5.52%
Ohio $126,746 0.69%
Oklahoma $127,819 3.18%
Oregon $210,956 3.09%
Pennsylvania $157,643 1.24%
Rhode Island $191,558 0.77%
South Carolina $156,150 3.57%
South Dakota $147,990 4.32%
Tennessee $145,027 3.45%
Texas $159,195 5.29%
Utah $196,344 3.03%
Vermont $148,136 -0.08%
Virginia $242,022 1.90%
Washington $240,098 2.86%
Washington D.C. $385,159 3.66%
West Virginia $113,436 4.01%
Wisconsin $141,403 0.57%
Wyoming $180,207 3.19%
Source: Experian.com
Download: 2016 State of Credit Data

For additional information, visit 2016 State of Credit.

Top 10 Highest and Lowest Average Mortgage Debt

Your mortgage debt appears on your credit report and is one of many factors that can influence your credit score. Most credit scores consider the total amount of debt you have, your credit mix (types of debt), and your payment history. Making mortgage payments in full and on time, every time will help you build a positive credit history and can improve your credit scores. Missing payments or paying less than the full amount owed can harm your scores. (Learn more about credit reports.)

If you’re ready to take on a mortgage, check out our resources on what’s considered a good credit score. (And rest assured, there is no minimum credit score to buy a house.)

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