Special Report

States With the Most Mortgage Debt

Newark at night, New Jersey
Source: Thinkstock

5. New Jersey
> Average mortgage debt: $242,631
> Median home value: $322,600 (4th highest)
> Median household income: $72,222 (4th highest)
> Homeownership rate: 63.0% (13th lowest)
> Homeowners w/ mortgage: 67.5% (11th highest)

Massachusetts
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4. Massachusetts
> Average mortgage debt: $246,004
> Median home value: $352,100 (3rd highest)
> Median household income: $70,628 (6th highest)
> Homeownership rate: 61.7% (tied-8th lowest)
> Homeowners w/ mortgage: 70.0% (5th highest)

Baltimore, Maryland 3
Source: Thinkstock

3. Maryland
> Average mortgage debt: $252,217
> Median home value: $299,800 (5th highest)
> Median household income: $75,847 (the highest)
> Homeownership rate: 65.9% (tied-25th highest)
> Homeowners w/ mortgage: 73.9% (the highest)

waikiki beach and diamond head in honolulu hawaii
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2. Hawaii
> Average mortgage debt: $331,180
> Median home value: $566,900 (the highest)
> Median household income: $73,486 (2nd highest)
> Homeownership rate: 56.6% (4th lowest)
> Homeowners w/ mortgage: 65.8% (17th highest)

Landmark Bixby Creek Bridge in Big Sur, California
Source: Thinkstock

1. California
> Average mortgage debt: $336,250
> Median home value: $449,100 (2nd highest)
> Median household income: $64,500 (9th highest)
> Homeownership rate: 53.6% (2nd lowest)
> Homeowners w/ mortgage: 71.2% (3rd highest)