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The median household income in the United States is $46,326.
When you break this down by 12 months, it wind up to $3,860/month

Answer: That's the average monthly salary, not the monthly mortgage payment! If you paid out your entire salary in a mortgage payment, you'd have nothing left for other expenses, like utilities and food.

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14y ago
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13y ago

As of the end of the fourth quarter of 2009, there was approximately $14.3 trillion in outstanding mortgage debt outstanding. Of the $14.3 trillion, $2.5 represented non-residential debt, leaving $11.8 trillion due to residential owners.

At the end of 2009, there were approximately 129.9 million housing units in the United States of which 66.2% were owned by the people living in them. Of this 86.0 million housing units, approximately 20% own their homes "free and clear" (except, of course, for property taxes), suggesting that there are approximately 68.8 million housing units with debt underlying the ownership.

The average mortgage balance, then, is just short of $172,000.

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Q: How much is the average mortgage balance in the US?
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