10 Cities With the Highest Mortgage Balances Right Now: The Top 5 Are in Florida

Core Insights - Florida has emerged as the state with the highest mortgage balances, surpassing California, with the top five cities for mortgage balances all located in Florida [1][2]. Summary by Category Highest Mortgage Balances - Golden Oak, Florida, has the highest average mortgage balance in the country at $3,627,594 [3]. - Gulf Stream, Florida, follows with an average mortgage balance of $3,206,007 [4]. - Golden Beach, Florida, has an average mortgage balance of $2,969,951 [5]. - Captiva, Florida, homeowners have an average mortgage balance of $2,620,156 [6]. - Atlantis, Florida, rounds out the top five with an average mortgage balance of $2,585,199 [7]. Comparison with California - Montecito, California, is the only city from the state to make the top ten, with an average mortgage balance of $2,487,787 [8].