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What’s the average mortgage debt in our state?

by Chip Bell

average mortgage loan debt by state real estate

Georgians 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, $165,466 in 2016, making it the No. 27 state in terms of mortgage debt size.

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

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

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