Answered step by step
Verified Expert Solution
Question
1 Approved Answer
State Average FICO Score Median Home Value Average Outstanding Mortgage Amount Difference Between Value and Mortgage Balance Median Household Income Region Illinois 709 183,500 176,425
State | Average FICO Score | Median Home Value | Average Outstanding Mortgage Amount | Difference Between Value and Mortgage Balance | Median Household Income | Region |
Illinois | 709 | 183,500 | 176,425 | 7,075 | 64,609 | Midwest |
Indiana | 699 | 148,700 | 120,567 | 28,133 | 58,873 | Midwest |
Iowa | 720 | 146,500 | 131,494 | 15,006 | 63,481 | Midwest |
Kansas | 711 | 141,500 | 138,437 | 3,063 | 57,872 | Midwest |
Michigan | 706 | 154,500 | 132,467 | 22,033 | 57,700 | Midwest |
Minnesota | 733 | 239,900 | 175,374 | 64,526 | 71,920 | Midwest |
Missouri | 701 | 163,700 | 139,545 | 24,155 | 56,885 | Midwest |
Nebraska | 723 | 169,900 | 139,719 | 30,181 | 59,619 | Midwest |
North Dakota | 727 | 210,000 | 162,774 | 47,226 | 59,886 | Midwest |
Ohio | 705 | 142,600 | 122,939 | 19,661 | 59,768 | Midwest |
South Dakota | 727 | 194,700 | 151,489 | 43,211 | 56,894 | Midwest |
Wisconsin | 725 | 191,600 | 138,789 | 52,811 | 63,451 | Midwest |
Connecticut | 717 | 244,800 | 224,928 | 19,872 | 72,780 | Northeast |
Maine | 715 | 237,800 | 138,554 | 99,246 | 51,664 | Northeast |
Massachusetts | 723 | 408,100 | 251,922 | 156,178 | 73,227 | Northeast |
New Hampshire | 724 | 280,400 | 179,054 | 101,346 | 74,801 | Northeast |
New Jersey | 714 | 329,000 | 239,289 | 89,711 | 72,997 | Northeast |
New York | 712 | 305,300 | 237,610 | 67,690 | 62,447 | Northeast |
Pennsylvania | 713 | 176,500 | 145,358 | 31,142 | 63,173 | Northeast |
Rhode Island | 713 | 284,200 | 185,777 | 98,423 | 66,390 | Northeast |
Vermont | 726 | 210,600 | 147,241 | 63,359 | 63,805 | Northeast |
Alabama | 680 | 134,300 | 141,302 | -7,002 | 51,113 | South |
Arkansas | 683 | 129,500 | 129,383 | 117 | 48,829 | South |
Delaware | 701 | 236,300 | 185,527 | 50,773 | 62,318 | South |
Florida | 694 | 237,900 | 188,223 | 49,677 | 53,681 | South |
Georgia | 682 | 193,500 | 175,086 | 18,414 | 57,016 | South |
Kentucky | 692 | 148,400 | 126,485 | 21,915 | 51,348 | South |
Louisiana | 677 | 147,600 | 151,851 | -4,251 | 43,903 | South |
Maryland | 704 | 290,500 | 252,520 | 37,980 | 81,084 | South |
Mississippi | 667 | 130,200 | 122,107 | 8,093 | 43,441 | South |
North Carolina | 694 | 189,900 | 162,520 | 27,380 | 50,343 | South |
Oklahoma | 682 | 125,400 | 134,811 | -9,411 | 55,006 | South |
South Carolina | 681 | 170,700 | 160,059 | 10,641 | 54,971 | South |
Tennessee | 690 | 170,800 | 157,080 | 13,720 | 55,240 | South |
Texas | 680 | 199,900 | 177,924 | 21,976 | 59,295 | South |
Virginia | 709 | 264,200 | 242,397 | 21,803 | 71,293 | South |
West Virginia | 687 | 99,000 | 110,464 | -11,464 | 45,392 | South |
Alaska | 707 | 326,000 | 223,167 | 102,833 | 72,231 | West |
Arizona | 696 | 257,600 | 202,959 | 54,641 | 61,125 | West |
California | 708 | 550,800 | 363,891 | 186,909 | 69,759 | West |
Colorado | 718 | 381,300 | 259,113 | 122,187 | 74,172 | West |
Hawaii | 723 | 619,000 | 345,963 | 273,037 | 73,575 | West |
Idaho | 711 | 274,200 | 171,193 | 103,007 | 60,208 | West |
Montana | 720 | 242,100 | 180,711 | 61,389 | 59,087 | West |
Nevada | 686 | 291,800 | 226,812 | 64,988 | 56,550 | West |
New Mexico | 686 | 197,400 | 161,271 | 36,129 | 47,855 | West |
Oregon | 718 | 350,600 | 225,597 | 125,003 | 64,610 | West |
Utah | 716 | 351,100 | 216,213 | 134,887 | 71,319 | West |
Washington | 723 | 393,800 | 263,681 | 130,119 | 75,418 | West |
Wyoming | 712 | 236,100 | 185,414 | 50,686 | 57,837 | West |
the mean of the outstanding mortgage balances for all 50 states?
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started