Since 2012, the average amount of a home purchase loan in the United States has increased substantially. In December 2023, the average mortgage loan amounted to 329,854 U.S. dollars, up from 204,000 in 2012. Over the last years, house prices grew rapidly. For homebuyers, that also meant an increase in the amount they had to save for a down payment.
Average mortgage loan amount for home purchases in the United States from 2012 to 2023
(in U.S. dollars)
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American Enterprise Institute. (June 12, 2024). Average mortgage loan amount for home purchases in the United States from 2012 to 2023(in U.S. dollars) [Graph]. In Statista. Retrieved October 31, 2024, from https://www.statista.com/statistics/1320422/mortgage-loan-amount-home-buyers-usa/
American Enterprise Institute. "Average mortgage loan amount for home purchases in the United States from 2012 to 2023(in U.S. dollars)." Chart. June 12, 2024. Statista. Accessed October 31, 2024. https://www.statista.com/statistics/1320422/mortgage-loan-amount-home-buyers-usa/
American Enterprise Institute. (2024). Average mortgage loan amount for home purchases in the United States from 2012 to 2023(in U.S. dollars). Statista. Statista Inc.. Accessed: October 31, 2024. https://www.statista.com/statistics/1320422/mortgage-loan-amount-home-buyers-usa/
American Enterprise Institute. "Average Mortgage Loan Amount for Home Purchases in The United States from 2012 to 2023(in U.S. Dollars)." Statista, Statista Inc., 12 Jun 2024, https://www.statista.com/statistics/1320422/mortgage-loan-amount-home-buyers-usa/
American Enterprise Institute, Average mortgage loan amount for home purchases in the United States from 2012 to 2023(in U.S. dollars) Statista, https://www.statista.com/statistics/1320422/mortgage-loan-amount-home-buyers-usa/ (last visited October 31, 2024)
Average mortgage loan amount for home purchases in the United States from 2012 to 2023(in U.S. dollars) [Graph], American Enterprise Institute, June 12, 2024. [Online]. Available: https://www.statista.com/statistics/1320422/mortgage-loan-amount-home-buyers-usa/