(The Center Square) – Among New Hampshire homeowners, 0.7 percent of them are late in paying their mortgages, the 34th highest percentage among the 50 states, according to a new study by the website Construction Coverage.

The average mortgage per household in the state is $181,257, the analysis by ConstructionCoverage.com concluded. The company employs technical and financial experts who work to help construction businesses, according to its website.

In New Hampshire, the annual median income for those households with mortgages came in at $109,782, researchers found. And the April unemployment rate in the state was reported at 17.2 percent.

The Coronavirus Aid, Relief and Economic Security (CARES) Act temporarily suspended home foreclosures for federally backed loans until the end of this year. As a result of the CARES protections and loan forbearance, the total U.S. mortgage debt is at a 15-year low, according to the analysis. But that could quickly change when foreclosures resume in 2021, the study based on New York Federal Reserve data said.

Nationwide, the average mortgage debt is close to $200,000 per household, according to Construction Coverage. Delinquency rates tend to be highest in the Northeast and parts of the South, including Mississippi, Louisiana and Florida, the study reported.

Which States Have the Largest Mortgage Delinquency Rates?

Rank State Mortgage Delinquency Rate Average Mortgage Debt per Household With a Mortgage Median Income for Households With a Mortgage April 2020 Unemployment Rate
1 New York 1.90% $229,469 $112,733 15.1%
2 Connecticut 1.77% $218,838 $116,398 8.0%
3 Delaware 1.73% $181,488 $94,789 14.8%
4 New Jersey 1.73% $231,642 $126,612 15.9%
5 Mississippi 1.60% $108,984 $72,845 15.7%
6 Maine 1.54% $130,579 $83,704 10.8%
7 Louisiana 1.50% $143,901 $85,646 14.5%
8 Florida 1.47% $189,978 $83,747 13.5%
9 New Mexico 1.35% $151,837 $76,399 11.4%
10 Maryland 1.33% $249,472 $118,991 9.8%
11 Illinois 1.27% $164,765 $101,117 16.8%
12 Oklahoma 1.25% $121,547 $84,367 14.3%
13 West Virginia 1.24% $100,894 $75,215 15.8%
14 South Carolina 1.19% $150,146 $83,591 12.2%
15 Pennsylvania 1.13% $139,278 $94,035 15.6%
16 Vermont 1.11% $137,604 $91,997 16.8%
17 Rhode Island 1.07% $188,188 $102,698 17.9%
18 Indiana 1.03% $114,331 $81,495 17.0%
19 Kentucky 1.02% $112,881 $79,444 16.2%
20 Nevada 1.01% $225,220 $89,494 30.1%
21 Georgia 0.97% $164,635 $90,886 12.2%
22 Arkansas 0.96% $113,714 $75,464 10.3%
23 Ohio 0.92% $118,446 $86,569 17.3%
24 Massachusetts 0.90% $246,522 $127,308 16.0%
25 North Carolina 0.89% $154,183 $86,098 12.5%
26 Texas 0.89% $176,827 $100,584 13.1%
27 Alabama 0.88% $126,980 $80,706 13.2%
28 Tennessee 0.88% $147,693 $82,414 15.0%
29 Wyoming 0.86% $156,331 $90,111 9.6%
30 North Dakota 0.79% $167,905 $100,353 9.2%
31 Missouri 0.77% $129,772 $85,394 9.8%
32 Kansas 0.73% $127,986 $91,487 11.7%
33 Hawaii 0.71% $349,100 $116,239 23.6%
34 New Hampshire 0.70% $181,257 $109,782 17.2%
35 Iowa 0.68% $122,599 $88,085 10.8%
36 Michigan 0.68% $124,971 $85,432 23.6%
37 Virginia 0.68% $240,486 $108,355 10.8%
38 South Dakota 0.66% $139,598 $86,870 11.0%
39 Montana 0.64% $167,354 $81,685 11.9%
40 Wisconsin 0.62% $132,920 $91,419 13.6%
41 Alaska 0.60% $236,148 $107,786 13.7%
42 Arizona 0.59% $194,449 $88,809 13.1%
43 California 0.58% $364,198 $118,575 16.2%
44 Minnesota 0.56% $170,383 $101,802 8.6%
45 Nebraska 0.51% $134,248 $92,606 8.6%
46 Oregon 0.50% $211,239 $97,630 14.8%
47 Washington 0.50% $258,911 $109,421 16.1%
48 Idaho 0.47% $161,092 $82,670 11.9%
49 Utah 0.47% $214,342 $96,894 10.4%
50 Colorado 0.41% $244,454 $106,488 12.2%

Source: ConstructionCoverage.com



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