National Average Home Loan Amount Also By State

Lending Tree has released data showing the average home mortgage amount broken down by state. The national average is $222,261 which amounts $1061/month on a 30-yr note at 4% without insurance and taxes. So where is Texas? They came in near the bottom at just under $183,000.

Surprisingly New York or California did not top the list. Actually they didn't even make the top 3. Based on loan amount the top five most expensive places to live is:

1. Alaska - $677,299
2. Washington D.C. - $393,453
3. New Jersey - $344,240
4. New York - $340,124
5. Maryland - $328,650

The five cheapest places are:

1. Mississippi - $137,182
2. Nebraska - $137,515
3. Delaware - $140,398
4. Indiana - $147,135
5. Iowa - $148,344