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What’s the average mortgage debt in our state?

by James F. McClister

average mortgage loan debt by state real estate

Illinois homeowners on average have more mortgage debt than borrowers in most other states, an analysis from Business Insider confirmed this month.

How much debt exactly? According to data Business Insider obtained from Experian, $176,282 in 2016, making it the No. 30 state in terms of mortgage debt size.

See our below table to see how Illinoisans stack up against borrowers in other states.

RankStateAverage mortgage debt
1West Virginia$113,436
2Mississippi$117,587
3Indiana$119,650
4Arkansas$123,495
5Kentucky$123,546
6Ohio$126,746
7Iowa$127,495
8Oklahoma$127,819
9Michigan$132,336
10Nebraska$132,932
11Missouri$134,760
12Kansas$135,508
13Alabama$138,154
14Wisconsin$141,403
15Tennessee$145,027
16Maine$145,243
17Louisiana$145,330
18South Dakota$147,990
19Vermont$148,136
20North Dakota$152,039
21South Carolina$156,150
22New Mexico$157,280
23Pennsylvania$157,643
24Idaho$158,953
25Texas$159,195
26North Carolina$161,893
27Georgia$165,466
28Montana$170,113
29Minnesota$172,130
30Illinois$176,282
31Florida$177,932
32Wyoming$180,207
33New Hampshire$180,223
34Delaware$189,962
35Rhode Island$191,558
36Arizona$194,853
37Utah$196,334
38Nevada$210,673
39Oregon$210,956
40Alaska$217,960
41Colorado$230,142
42Connecticut$232,394
43Washington$240,098
44Virginia$242,022
45New Jersey$242,631
46New York$243,548
47Massachusetts$246,004
48Maryland$252,217
49Hawaii$331,180
50California$336,250

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