Here’s How Much Americans Owe On Mortgages In Every State

According to a recent publication by Business Insider, a mortgage is considered “good debt,” meaning it’s a debt that could be considered an investment in yourself. By paying this debt, you’re securing a place to live.

That’s not to say that a mortgage isn’t serious. According to credit bureau Experian, the average amount of money owed on a mortgage in the US is over $157,000, ranging from an average of about $93,000 in West Virginia to an intimidating $275,000 in Washington, D.C.

Using data provided to Business Insider by Experian’s Decision Analytics group, Business Insider  made a map showing the average mortgage balance — how much is still owed on existing mortgages — per account in each state:
Read more:  http://www.businessinsider.com/mortgage-balance-state-map-2014-10#ixzz3GKBlmxfZ