Nearly 20% of physicians have a mortgage of more than $500,000 on their primary home, according to Medscape’s 2024 “Physician Wealth and Debt Report,” published June 12.
More than 31% of physicians do not have a mortgage on their home, while 20% owe less than $100,000.
The report surveyed 7,000 U.S. physicians across more than 29 specialties between Oct. 2, 2023, and Jan. 16, 2024.
Here is how much physicians owe on their homes:
Less than $100,000: 20%
$100,001 to $200,000: 7%
$200,001 to $300,000: 9%
$300,001 to $400,000: 8%
$400,001 to $500,000: 8%
More than $500,000: 18%
No mortgage/mortgage paid off: 31%
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