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17 US Cities Where Mortgage Payments Surged Over 200% in 10 Years

October 10, 2025

3 min Read

Written by Gabrielle Olya

Edited by Chris Cluff

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Over the past decade, mortgage payments have skyrocketed across the U.S., driven by rising home prices and interest rates. This trend affects affordability, budgeting and long-term financial planning for millions of Americans.

According to a recent Zoocasa analysis, in 17 major cities, the average monthly payment has more than tripled — putting homeownership further out of reach. Here’s a look at the U.S. cities where the average mortgage payments have increased by more than 200% over the past decade.

Also see why it might not make sense to pay off your mortgage too early.

Tampa Bay

Average monthly mortgage payment (2014): $617
Average monthly mortgage payment (2024): $2,204
10-year percent change: 257.2%

Las Vegas

Average monthly mortgage payment (2014): $776
Average monthly mortgage payment (2024): $2,639
10-year percent change: 240.2%

Orlando, Florida

Average monthly mortgage payment (2014): $720
Average monthly mortgage payment (2024): $2,447
10-year percent change: 240.1%

Grand Rapids, Michigan

Average monthly mortgage payment (2014): $562
Average monthly mortgage payment (2024): $1,899
10-year percent change: 238.2%

Salt Lake City

Average monthly mortgage payment (2014): $957
Average monthly mortgage payment (2024): $3,199
10-year percent change: 234.2%

Miami

Average monthly mortgage payment (2014): $1,068
Average monthly mortgage payment (2024): $3,515
10-year percent change: 229.2%

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Phoenix

Average monthly mortgage payment (2014): $785
Average monthly mortgage payment (2024): $2,582
10-year percent change: 228.8%

San Jose, California

Average monthly mortgage payment (2014): $3,557
Average monthly mortgage payment (2024): $11,633
10-year percent change: 227.1%

Seattle

Average monthly mortgage payment (2014): $1,413
Average monthly mortgage payment (2024): $4,538
10-year percent change: 221.1%

Nashville, Tennessee

Average monthly mortgage payment (2014): $731
Average monthly mortgage payment (2024): $2,323
10-year percent change: 217.7%

Atlanta

Average monthly mortgage payment (2014): $657
Average monthly mortgage payment (2024): $2,087
10-year percent change: 217.5%

Indianapolis

Average monthly mortgage payment (2014): $588
Average monthly mortgage payment (2024): $1,831
10-year percent change: 211.4%

Tucson, Arizona

Average monthly mortgage payment (2014): $700
Average monthly mortgage payment (2024): $2,148
10-year percent change: 207.1%

Raleigh, North Carolina

Average monthly mortgage payment (2014): $837
Average monthly mortgage payment (2024): $2,561
10-year percent change: 206.0%

Riverside, California

Average monthly mortgage payment (2014): $1,086
Average monthly mortgage payment (2024): $3,319
10-year percent change: 205.7%

Providence, Rhode Island

Average monthly mortgage payment (2014): $971
Average monthly mortgage payment (2024): $2,942
10-year percent change: 203.1%

Buffalo, New York

Average monthly mortgage payment (2014): $503
Average monthly mortgage payment (2024): $1,514
10-year percent change: 200.7%

Editor’s note: Data was sourced from Zoocasa.

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