Prairie State Wire

The share of Illinois homeowners who are delinquent on their mortgages stands at 1.27 percent, the 11th highest percentage among the 50 states, according to a new analysis by researchers at Construction Coverage.

The average mortgage per household in the state is $164,765, the study by ConstructionCoverage.com concluded. Construction Coverage employs technical and financial experts who work to help construction businesses, according to the company’s website.

In Illinois, the annual median income for those households with mortgages came in at $101,117, researchers found. And the April jobless rate in the state was reported at 16.8 percent.

The Coronavirus Aid, Relief and Economic Security (CARES) Act placed a moratorium on home foreclosures for federally backed loans, and the restriction will be in effect through the end of 2020. As a result of these protections and loan forbearance, the total U.S. mortgage debt now stands at a 15-year low, according to the analysis. But that could quickly change when the moratorium on foreclosures is removed, the study based on New York Fed 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 found.

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Mortgage Delinquency Rates by State

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