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News & Press: Industry News

California has Highest National Mortgage Debt

Tuesday, July 16, 2019  
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24/7 Wall Street reported that California leads the nation in average mortgage debt while it has the second lowest homeownership rate.

  • Avg. mortgage debt: $347,652
  •  Median home value: $509,400 (2nd highest)
  • Median household income: $71,805 (8th highest)
  • Homeownership rate: 54.8% (2nd lowest)
  • Homeowners with a mortgage: 70.5% (4th highest)

California Land Title Association


1215 K Street #1816 Sacramento, CA 95814-3905
Email: mail@clta.org  |  Phone: 916-444-2647  |   Fax: 916-444-2851