TheMReport — News and strategies for the evolving mortgage marketplace.
Issue link: http://digital.themreport.com/i/386473
Th e M Rep o RT | 53 O r i g i nat i O n s e r v i c i n g a na ly t i c s s e c O n da r y m a r k e t ANALYTICS around the u. s. Source: Census Bureau, Project on Student Debt Michigan 75.90% $28,840 62% Delaware 75.60% $33,649 56% South Carolina 75.40% $27,416 55% West Virginia 74.80% $26,227 54% Alabama 73.60% $26,450 53% Vermont 73.40% $28,299 63% New Hampshire 73.20% $32,698 74% Mississippi 73.00% $27,322 57% Minnesota 72.30% $31,497 70% Indiana 71.90% $27,886 64% Wyoming 71.30% $21,241 47% Missouri 70.60% $23,030 63% Utah 70.40% $21,520 50% Maine 70.20% $29,352 67% South Dakota 70.20% $25,121 78% Iowa 69.20% $29,456 71% Kentucky 68.90% $22,384 62% Pennsylvania 68.90% $31,675 70% Ohio 68.70% $29,037 69% Oklahoma 68.60% $23,636 53% Connecticut 68.50% $27,816 61% Idaho 68.20% $26,751 65% Nebraska 68.20% $26,473 63% Montana 68.00% $27,475 64% Virginia 67.60% $25,017 60% North Carolina 67.40% $23,893 59% Wisconsin 67.30% $28,102 68% Alaska 66.70% $28,782 49% Illinois 66.40% $28,028 64% Tennessee 66.30% $21,775 58% Arkansas 66.20% $23,324 55% Maryland 66.00% $25,951 58% Florida 65.30% $22,873 51% Washington 65.10% $23,293 56% New Jersey 65.00% $29,287 65% Colorado 64.70% $24,540 52% Louisiana 64.70% $22,789 48% North Dakota 64.40% N/A N/A Arizona 64.20% $20,299 54% New Mexico 63.90% $17,994 61% Massachusetts 62.40% $28,460 66% Georgia 62.30% $23,089 59% Texas 61.50% $24,030 56% Kansas 61.30% $23,677 59% Oregon 60.80% $26,639 60% Rhode Island 60.20% $31,156 69% Hawaii 56.60% N/A N/A Nevada 56.40% $20,568 41% California 54.90% $20,269 52% New York 53.20% $25,537 60% District of Columbia 41.10% $22,106 56% scholarly debate It's been accepted for much of the recovery that student debts have been holding down millennial homeownership, which in turn has hindered total homeownership rates. However, some analysts are now starting to argue that the case isn't so clear-cut. MReport took a look at state homeownership rates vs. loan debts among recent graduates to compare. State HomeownerSHip rate (Q2) average Student Loan debt (2012) proportion of graduateS witH debt (2012)