In 2004 the figure was $136,000. Based upon that, I estimate the average amount in outstanding mortgages today is not more than $250,000.
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 (and, evidently 10% of the population have mortgages outstanding of over $250,000).
An average amount for the US!
Information about mortgages in the US can be found on Money Supermarket, Money Matters, U.S. Bank, Bank Rate, American Mortgages, CNBC and Milken Institute.
The average amount of people in the US in 2009 concluded to 307,006,550 people in total.
it is an applesauce monster
The average cost of living in the US is $20,194 per person a year. The average amount of debt for a person in the US is $8500.
44.5 million
An average of 87% in enclosed buildings in the US.
Too many.
About 1200
To what I've come to know New York city probably has the high number of reverse mortgages in US based on the # of foreclosures in the area.
Traditional Mortgages are no longer callable. A variety of protection acts by the Federal Government have change mortgage terms.