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Read on to find out the average monthly mortgage payment in every state. ... Texas. Monthly mortgage payment: $1,984. 2024 average home value: $297,525. Yearly mortgage: $23,810
Alaska. Average home value (January 2024): $360,861. Amount needed for 10% down payment: $36,086. Average monthly mortgage with 10% down payment: $2,148
The Detroit metropolitan area has the lowest average mortgage payment among the top 15 metro areas, at $1,577, according to the 2022 Census housing data. Monthly mortgage payments by loan size
Difference between state and national average monthly mortgage payment: -$606 lower. Michigan. Average monthly mortgage payment: $1,742. Difference between state and national average monthly ...
7. Austin. Austin has the most expensive housing costs among large metros in Texas, with a median home sales price of $462,748, which equates to a median monthly mortgage payment of $3,155.
By contrast, Texans paid an average of $4,548, which amounts to about 1.5 percent of the average Texas home’s sale price. For many states, that figure falls below 1 percent, but for others it ...
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