Typical Mortgage Debt in 2026: Are You Ahead or Behind?

Key Takeaways The average American mortgage balance reached $258,214 in mid-2025. Mortgage balances vary widely by age: Millennials carry the most mortgage debt of any generation, nearly $125,000 more than Baby Boomers. New homebuyers in December had a median monthly payment of $2,025. Americans with mortgages already know the sting of the modern housing market. What they might not know is how their pain compares to everyone else's. The average American with a mortgage carried a balance of $258,2 ...