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D.C. Residents Carry $102,400 in Debt as Homeowners Increasingly Turn to Equity for Cash
['Stacy M. Brown', 'More Stacy M. Brown']
The Washington Informer
Mortgages account for more than three-quarters of household debt in D.C., while residents collectively carry billions of dollars in credit card balances.
In 2025, mortgage debt made up about 76.3% of all household debt in the District.
**FILE** New research reveals mortgages account for more than three-quarters of household debt in D.C., while Washingtonians collectively carry billions of dollars in credit card balances.
Mortgage balances accounted for $13.19 trillion, while credit card balances stood at $1.25 trillion.
Applications for home equity loans and home equity lines of credit increased 7.2% in 2024, while total outstanding home equity debt increased 10.3%.