The most common debt in America, mortgage debt, is rising quickly in North Carolina according to a new report at GOBankingRates.Their team analyzed Experian data to uncover how much average mortgage debt increased in every state between 2022 and 2023 (the most recent publicly available data). For added context, they also analyzed Zillow data to uncover the typical home value in 2024 for every state.
According to the report, average mortgage debt increased more than $11,500 in just one year in North Carolina, the second highest increases in the nation.
