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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
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 ...
Texas: $49,840. Monthly mortgage payment: $1,246. Monthly income needed: $4,153.33. ... we then calculated the annual income needed to afford the average mortgage payment in every state. The study ...
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.
Here’s a look at the average monthly mortgage payment by generation. The numbers are based on Experian data: Gen X: $2,313. Millennials: $2,298. Gen Z: $1,882. Baby boomers: $1,724. Here’s a ...
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