Original research · New York Fed data
Mortgage debt by state, 2026
How much mortgage debt the average adult carries in every state, how it has changed since 2019, and where payments are seriously late. Compiled from the New York Fed Consumer Credit Panel, data through Q4 2025.
Published September 20, 2026 · Download the CSV · How to cite
Key findings
$44,300
Mortgage debt per adult nationally at the end of Q4 2025, +3.1% in a year and +27.3% since the end of 2019.
$78,140
District of Columbia carries the highest balance per adult. Colorado ($72,210) and California ($69,660) follow.
$20,770
West Virginia has the lowest, 73% below District of Columbia. Mississippi and Arkansas are next lowest.
0.9%
Share of mortgage balances 90+ days delinquent nationally, against 1.0% at the end of 2019. Louisiana is highest at 1.8%.
+47.1%
Idaho saw the fastest growth in mortgage debt since 2019. Tennessee and Texas were next at +43.0% and +42.9%.
19 of 51
States (plus DC) above the national per-adult figure.
Mortgage debt per adult, every state ranked
Balance per adult with a credit file at the end of Q4 2025. The dashed line marks the national figure of $44,300.
Full table: balances, growth and delinquency by state
Click a column header to sort. Share of mortgage balances 90+ days delinquent.
| # | State | Per adult, Q4 2025 | vs 2024 | vs 2019 | Seriously delinquent |
|---|---|---|---|---|---|
| 1 | District of Columbia | $78,140 | -1.0% | +20.8% | 1.0% |
| 2 | Colorado | $72,210 | +3.0% | +30.1% | 0.8% |
| 3 | California | $69,660 | +2.3% | +21.8% | 0.6% |
| 4 | Washington | $67,840 | +2.8% | +32.4% | 0.6% |
| 5 | Hawaii | $63,810 | +2.6% | +13.6% | 0.6% |
| 6 | Utah | $63,650 | +3.5% | +38.7% | 0.7% |
| 7 | Maryland | $59,910 | +2.8% | +15.1% | 1.1% |
| 8 | Massachusetts | $58,200 | +1.1% | +21.8% | 0.7% |
| 9 | Virginia | $57,130 | +2.3% | +19.5% | 0.7% |
| 10 | Nevada | $52,540 | +4.7% | +35.1% | 0.9% |
| 11 | Oregon | $52,060 | +2.9% | +27.8% | 0.6% |
| 12 | Arizona | $51,800 | +5.4% | +37.7% | 0.9% |
| 13 | Alaska | $51,070 | +1.1% | +19.2% | 0.7% |
| 14 | Idaho | $50,320 | +4.8% | +47.1% | 0.7% |
| 15 | New Jersey | $49,650 | +2.0% | +21.0% | 1.1% |
| 16 | Connecticut | $48,380 | +1.2% | +14.3% | 1.0% |
| 17 | Delaware | $46,450 | +4.2% | +22.8% | 1.1% |
| 18 | Minnesota | $46,300 | +2.0% | +20.2% | 0.6% |
| 19 | New Hampshire | $45,690 | +2.0% | +21.9% | 0.6% |
| 20 | Rhode Island | $41,690 | -2.4% | +20.2% | 1.0% |
| 21 | Florida | $41,600 | +4.3% | +38.8% | 1.4% |
| 22 | North Carolina | $41,240 | +4.6% | +37.0% | 0.9% |
| 23 | New York | $41,110 | +0.8% | +20.8% | 1.4% |
| 24 | Wyoming | $40,830 | +3.9% | +23.9% | 0.8% |
| 25 | Montana | $40,740 | +2.4% | +29.1% | 0.5% |
| 26 | Georgia | $40,310 | +3.9% | +33.3% | 1.3% |
| 27 | South Carolina | $39,360 | +6.4% | +40.4% | 1.1% |
| 28 | Texas | $39,230 | +5.1% | +42.9% | 1.2% |
| 29 | Tennessee | $37,910 | +4.6% | +43.0% | 0.7% |
| 30 | Illinois | $36,470 | +1.4% | +16.7% | 1.1% |
| 31 | North Dakota | $34,410 | +2.4% | +20.8% | 0.9% |
| 32 | South Dakota | $34,380 | +4.2% | +28.8% | 0.8% |
| 33 | Maine | $34,340 | +2.1% | +26.2% | 0.8% |
| 34 | Vermont | $34,090 | +2.5% | +17.0% | 0.6% |
| 35 | Wisconsin | $33,260 | +2.6% | +20.6% | 0.5% |
| 36 | Nebraska | $33,170 | +2.1% | +24.4% | 0.7% |
| 37 | Indiana | $32,520 | +4.4% | +33.7% | 1.1% |
| 38 | Missouri | $32,450 | +4.4% | +29.3% | 0.8% |
| 39 | New Mexico | $31,940 | +3.5% | +23.8% | 1.0% |
| 40 | Pennsylvania | $31,540 | +2.2% | +20.9% | 1.1% |
| 41 | Iowa | $31,150 | +1.8% | +21.4% | 0.8% |
| 42 | Michigan | $30,600 | +3.3% | +23.6% | 0.9% |
| 43 | Kansas | $30,510 | +4.7% | +27.3% | 0.8% |
| 44 | Alabama | $29,890 | +5.1% | +36.6% | 1.1% |
| 45 | Ohio | $28,700 | +3.3% | +25.5% | 1.0% |
| 46 | Louisiana | $28,450 | +2.8% | +26.2% | 1.8% |
| 47 | Kentucky | $26,280 | +2.6% | +29.4% | 1.0% |
| 48 | Oklahoma | $26,000 | +4.6% | +29.4% | 1.3% |
| 49 | Arkansas | $25,550 | +4.1% | +34.8% | 1.1% |
| 50 | Mississippi | $21,690 | +4.2% | +33.4% | 1.7% |
| 51 | West Virginia | $20,770 | +5.2% | +30.0% | 1.1% |
| United States | $44,300 | +3.1% | +27.3% | 0.9% |
Source: New York Fed Consumer Credit Panel/Equifax, Q4 2025. Per adult with a credit file. Compiled by Smart Debt Relief; not affiliated with or endorsed by the Federal Reserve Bank of New York.
Where mortgage debt is growing fastest
Nationally, mortgage debt per adult moved +27.3% between the end of 2019 and the end of 2025. The fastest growth: Idaho (+47.1%), Tennessee (+43.0%), Texas (+42.9%), South Carolina (+40.4%) and Florida (+38.8%). The slowest: Hawaii (+13.6%), Connecticut (+14.3%) and Maryland (+15.1%).
Over the most recent year alone, South Carolina (+6.4%), Arizona (+5.4%) and West Virginia (+5.2%) moved most, against a national +3.1%.
Mortgage debt per adult is a house-price map. The District of Columbia, Colorado, California and the coastal states lead because homes cost more, not because more people borrow. West Virginia, Mississippi and Arkansas sit at the bottom for the opposite reason.
Serious mortgage delinquency remains far below every other debt type. Most outstanding mortgages were originated or refinanced before 2022 at low fixed rates, which is also why balances have grown more slowly than card or auto debt since 2019.
Where people are falling behind
Share of mortgage balances 90+ days delinquent stood at 0.9% nationally at the end of 2025, against 1.0% at the end of 2019. The five highest:
- Louisiana: 1.8% (balance per adult $28,450, rank 46 by balance)
- Mississippi: 1.7% (balance per adult $21,690, rank 50 by balance)
- Florida: 1.4% (balance per adult $41,600, rank 21 by balance)
- New York: 1.4% (balance per adult $41,110, rank 23 by balance)
- Oklahoma: 1.3% (balance per adult $26,000, rank 48 by balance)
The five lowest:
- Wisconsin: 0.5%
- Montana: 0.5%
- Hawaii: 0.6%
- Washington: 0.6%
- New Hampshire: 0.6%
What per-adult figures do and do not mean
These numbers divide total mortgage debt in each state by the number of adults with an Equifax credit file, including people who carry none. That makes them a good measure of a state's overall debt load, but they understate what an individual borrower typically owes. Mortgage figures exclude home equity lines of credit.
Related on this site: Home equity loan vs personal loan · Debt-to-income calculator · Credit card debt by state.
Methodology
- Source: Federal Reserve Bank of New York, Center for Microeconomic Data, "State Level Household Debt Statistics 2003-2025", published February 2026, sheet mortgage / mortgage_delinq (excludes HELOC), based on the New York Fed Consumer Credit Panel/Equifax.
- Per adult means per person aged 18 or older with an Equifax credit file, as defined by the source. Puerto Rico and US territories are excluded by the source.
- Balances are as of Q4 of each year. Year-over-year change compares Q4 2025 with Q4 2024; change since 2019 compares Q4 2025 with Q4 2019.
- Delinquency is the percentage of outstanding balance 90 or more days past due, as reported by the source.
- Rankings and percentage changes were computed by Smart Debt Relief from the source tables. State totals in the source may differ slightly from the New York Fed's Quarterly Report on Household Debt and Credit because of sampling variation.
Use this data
The underlying figures are published by the Federal Reserve Bank of New York and remain its data; we are not affiliated with or endorsed by the Bank. Our own contribution (the compilation, the computed changes and rankings, the charts and the commentary) is released under a Creative Commons Attribution 4.0 licence, so you can reuse the compiled table, charts and CSV with a link to this page and the source line below. Suggested citation:
Source: New York Fed Consumer Credit Panel/Equifax, State Level Household Debt Statistics 2003-2025 (February 2026), Q4 2025 figures. Compiled by Smart Debt Relief, "Mortgage Debt by State, 2026", https://smartdebtrelief.org/research/mortgage-debt-by-state/. Not affiliated with or endorsed by the Federal Reserve Bank of New York.
Download the CSV. For questions about the compilation, email help@smartdebtrelief.org.
Frequently asked questions
Which state has the highest mortgage debt?
District of Columbia has the highest mortgage debt per adult at $78,140, followed by Colorado ($72,210) and California ($69,660). The national figure is $44,300.
Which state has the lowest mortgage debt?
West Virginia has the lowest at $20,770 per adult, about 73% below District of Columbia.
What is the average mortgage debt in the US?
Across all adults with a credit file, mortgage debt averaged $44,300 at the end of Q4 2025, +3.1% on a year earlier and +27.3% against the end of 2019. This is a per-adult figure that includes people with no mortgage debt at all, so the average among borrowers is higher.
Where are people most behind on mortgage debt?
Louisiana has the highest share of mortgage debt balances seriously delinquent at 1.8%, followed by Mississippi (1.7%) and Florida (1.4%). The national rate is 0.9%, against 1.0% at the end of 2019.
Where does this data come from?
All figures are from the Federal Reserve Bank of New York Consumer Credit Panel, a nationally representative sample of Equifax credit files, published as "State Level Household Debt Statistics 2003-2025" in February 2026. We compiled the tables, computed the changes and rankings, and publish the result as a CSV you can reuse with attribution. We are not affiliated with the Bank.