Denver ranks high on list where it’s hard to pay off a mortgage
Sep 24, 2024, 12:05 PM | Updated: 12:05 pm

(Photo by Mario Tama/Getty Images)
(Photo by Mario Tama/Getty Images)
Denver ranks high on list where it’s hard to pay off a mortgage.
You make your monthly payments but the balance never seems to go down much. Well, when it comes to the ease of paying off a home mortgage, location matters.
Personal finance siteSmartAsset did a survey of the 40 largest metro cities in the U.S. to determine which cities are the easiest and hardest to succeed in paying off a mortgage.
The site also analyzed each city’s income-to-housing payment ratio.
According to the Site, the easiest cities to pay off a mortgage, with ratio, are:
- Pittsburgh, Pennsylvania: 16.36%
- Houston, Texas: 17.09%
- Detroit, Michigan: 17.54%
- Cleveland, Ohio: 17.60%
- San Antonio, Texas: 17.67%
- Louis, Missouri: 17.94%
- Milwaukee, Wisconsin: 17.98%
- Philadelphia, Pennsylvania: 18.47%
- Cincinnati, Ohio: 18.73%
- Austin, Texas: 19.12%
Meanwhile, the hardest cities to pay off a mortgage with more than 29% ratio are:
- San Jose, California
- San Diego, California
- Los Angeles, California
- San Francisco, California
- Riverside, California
- Portland, Oregon
- Denver, Colorado
- Seattle, Washington
- Sacramento, California
- Las Vegas, Nevada
You can view SmartAsset’s full list here.