50 cities with the highest mortgage balances in 2025: 23 are in California
Overall costs are rising across the country, and mortgages often already make up a significant portion of people’s monthly budgets. According to Experian, there are 67 cities where the average mortgage is $1 million or more, up from 47 in 2024 and 23 in 2023. Of the top 50 of those 67, California dominates, taking…