And the high mortgage costs are also putting a strain on the wallets of home renters. Homeowners with a mortgage in areas were impacted with the highest overall monthly costs at $3,000. Moreover, some southern states experienced the strongest monthly mortgage costs in 2024. Florida, which had a median household income in 2024 was $77,735, had the largest increase at 8%, changing the median monthly mortgage rate to $2,168. And North and South Carolina, Georgia, Wyoming, Mississippi, and Alabama were among the states that experienced faster growth in monthly mortgage costs last year.