California has Highest National Mortgage Debt
Tuesday, July 16, 2019
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)