States With the Most Mortgage Debt

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Source: Joe Mabel / Wikimedia Commons

10. Connecticut
> Avg. mortgage debt: $235,786
> Median home value: $273,100 (12th highest – tied)
> Median household income: $74,168 (5th highest)
> Homeownership rate: 66.2% (24th lowest – tied)
> Homeowners with a mortgage: 68.0% (10th highest)

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9. Colorado
> Avg. mortgage debt: $241,980
> Median home value: $348,900 (4th highest)
> Median household income: $69,117 (11th highest)
> Homeownership rate: 65.2% (15th lowest – tied)
> Homeowners with a mortgage: 71.3% (2nd highest)

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8. New York
> Avg. mortgage debt: $243,244
> Median home value: $314,500 (8th highest)
> Median household income: $64,894 (14th highest)
> Homeownership rate: 53.8% (the lowest)
> Homeowners with a mortgage: 60.9% (20th lowest)

Source: Greg Bethmann / Getty Images

7. Virginia
> Avg. mortgage debt: $246,379
> Median home value: $273,400 (11th highest)
> Median household income: $71,535 (9th highest)
> Homeownership rate: 66.6% (22nd highest – tied)
> Homeowners with a mortgage: 68.9% (8th highest)

Source: GCShutter / Getty Images

6. New Jersey
> Avg. mortgage debt: $247,868
> Median home value: $334,900 (6th highest)
> Median household income: $80,088 (2nd highest)
> Homeownership rate: 63.8% (13th lowest)
> Homeowners with a mortgage: 67.0% (12th highest)