April 25th, 2013

10 U.S. Cities with the Lowest Mortgage Debt

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10 U.S. Cities with the Lowest Mortgage Debt | Credit Karma Blog

Last month we took a look at which U.S. cities have the highest student loan debt. This month we thought it’d be interesting to take a look at the 10 U.S. cities with the lowest mortgage debt. Interested in buying inexpensive property in any of the following cities?

  1. Youngstown-Warren-Boardman, OH-PA – $79,991
  2. Syracuse, NY – $80,427
  3. Buffalo-Niagara Falls, NY – $87,388
  4. Toledo, OH – $88,417
  5. Rochester, NY – $90,058
  6. Detroit, MI – $90,677
  7. Scranton-Wilkes-Barre, PA – $96,257
  8. Akron, OH – $97,724
  9. Jackson, MS – $98,978
  10. Wichita, KS – $103,805

Some Thoughts on the Numbers

Looking at these numbers alongside several lists published on cities with low cost of living, the two don’t match up. For instance, none of the cities in our list appear in Kiplinger’s list 10 Cheapest U.S. Cities to Live In. Why is that?

Simply put, cost of living doesn’t mean just low mortgage debt; it involves other factors. In the case of the Kiplinger article, cost of living includes relative price levels for housing (that includes renting), utilities, transportation, grocery items, health care and other goods and services. So even if you get a cheap house, it doesn’t mean you can live cheaply.

What stands out to you about these numbers?


is the Social Media Manager and Writer at Credit Karma, where she’s been since February 2011. When she’s not writing about credit and finance all over the web, you can find her playing her guitar, catching the latest movie, training for her next race or just exploring the city of San Francisco. Say “Hi” on Twitter: @bhardeman.

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*These numbers come from our March 2013 data. We took a took a look at the mortgage debt of 563,415 Credit Karma members total, ages 18 and above.

Disclaimer: All information posted to this site was accurate at the time of its initial publication. Efforts have been made to keep the content up to date and accurate. However, Credit Karma does not make any guarantees about the accuracy or completeness of the information provided. For complete details of any products mentioned, visit bank or issuer website.


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