The average U.S. household carries nearly $105,000 in mortgage debt, with the total national balance exceeding $12.6 trillion, according to WalletHub.
WalletHub analyzed mortgage trends to find the states adding the most mortgage debt. They looked at each state’s change in average mortgage debt balance from Q3 2024 to Q4 2024, along with its average mortgage balance and monthly payments.
In the analysis, Pennsylvania ranked no. 45 on the list of states adding the most mortgage debt. This makes the commonwealth the state that’s sixth on the list for accumulating the least amount of mortgage debt.
In fact, Pennsylvania was one of 23 states that saw a mortgage debt decrease during Q4 2024. The commonwealth had the 10th lowest increase (in this case, a decrease) in mortgage debt and the 14th lowest average monthly mortgage payment overall.
Pennsylvania’s mortgage debt stats for Q4 2024 were as follows:
- Change in average mortgage debt: decrease of 0.42%
- Average mortgage debt: $180,173
- Average monthly mortgage payment: $1,572
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