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But recent data from The Motley Fool Ascent shows that American consumers carried an average debt load of $104,215 in 2023. As of 2023, the average mortgage debt was $244,498.
The average U.S. mortgage balance in 2023 was $244,498, per Experian. Considering the average U.S. home value is $361,282, according to Zillow , that doesn’t read like such a large number.
Select Consumer Non-Mortgage Debt Component Averages, 2019-2024. Indeed, average student loan balances peaked in 2021 and 2022 at roughly $39,400 before falling by more than $1,000 in 2023, when ...
The States That Shed the Most Non-Mortgage Debt (and Washington, DC) Non-mortgage debt declined by more than 2% over the last year in 10 states and the District of Columbia. Washington, D.C. 2023 ...
According to Experian's reporting, the average American carried $244,498 in mortgage debt as of Q3 2023 (this is the most recent data). It's up quite a lot from pre-pandemic balances, which were ...
Average mortgage balances increase $8,000, half as much as in 2022. Despite the low volume of home sales and mortgages in 2023, the increase in average mortgage debt to $244,498 was slower than ...
Here’s the average debt load American baby boomers hold in 2024 — how does your own stack up? ... This demographic also saw a slight increase in mortgage debt, from $189,155 in 2022 to ...
Mortgages account for the largest portion of debt – roughly 70% of all American debt. The average American's mortgage is $145,833, with a monthly payment of $2,006.