A new report identifies the states with the highest average monthly mortgage payments. Also included in the report is the share of monthly income taken up by house payments.
Average monthly home loan payments are $1,641 in Washington, D.C. That is higher than in any of the 50 states.
Mortgage payments in the nation’s capitol account for 31 percent of average monthly household income in the District of Columbia.
Those findings were derived from a report released Tuesday by LendingTree.
The Charlotte, N.C.-based company generates mortgage leads for a network of more than 25 lenders.
Close behind was Hawaii, where payments averaged $1,536 and made up 30 percent of average monthly income.
After that was California, where payments averaged $1,445; Virginia, which had an average monthly payment of $1,357; and New Jersey, with an average payment of $1,237.
At the other end of the scale was Nebraska, where the average payment was $711. Nebraskans spend just 17 percent of their monthly income on house payments.
Arkansas, Iowa, Oklahoma and Missouri had the next-lowest payments.
