Key Highlights

  • The top equity rich states during Q4 2019 were found in the Northwest and West regions of the country
  • The top 25 equity rich zip codes in the country were all found in California with most of those zip codes being in the San Francisco Bay Area.
  • The top states with the most seriously underwater properties were all found in the South and the Midwest during Q4 2019

ATTOM Data Solutions recently released it 2019 Year-End US Home Equity and Under Water Report. Here are some of the most interesting data points in this recent report.

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Nearly 27% of the 54.4M mortgaged homes were considered to be equity rich in Q4 2019. (ATTOM defines equity rich as the estimated amount of loans secured by a property equaling 50% or less that the home’s estimated market value.)

A bit over 6% of these 54.4M mortgaged homes were considered to be seriously underwater…at least 25% of the estimated amount of loans secured by a property equaling at least 25% of the property’s estimated market value.”

According to ATTOM, these are the top five equity rich states in the country:

  • California – 42.8% equity rich
  • Vermont – 39.2% equity rich
  • Hawaii – 38.8% equity rich
  • Washington – 35.4% equity rich
  • New York – 35.1% equity rich

ATTOM’s top equity rich metros during Q4 2019 included:

  • San Jose CA – 65.9%
  • San Francisco – 57.5%
  • Los Angeles – 47.8%
  • Santa Rosa – 45.4%
  • Honolulu – 39.3%

The top 25 equity rich zip codes in the country during Q4 2019 were all in California while the top five listed here are all located in the San Francisco Bay Area:

  • 94116 – San Francisco – 82.6%
  • 94043 – Mountain View – 81.7%
  • 94122 – San Francisco – 80.6%
  • 94112 – San Francisco – 80.1%
  • 94087 – Sunnyvale – 79.5%

On the other end of the spectrum, the top seriously under water states during Q4 2019 were:

  • Louisiana – 16.8%
  • Mississippi – 16.0%
  • West Virginia – 13.9%
  • Iowa – 13.5%
  • Arkansas – 12.9%

ATTOM’s most seriously underwater metros in Q4 2019 included:

  • Youngtown OH – 16.2%
  • Baton Rouge LA – 15.9%
  • Scranton PA – 15%
  • Cleveland OH – 13.7%
  • Akron OH – 13.4%

Also in the South and Midwest, the five most seriously underwater zip codes during Q4 2019, according to ATTOM Data Solutions, were:

  • 71446 – Leesville LA – 65.7%
  • 44110 – Cleveland OH – 59.6%
  • 08611 – Trenton NJ – 58.7%
  • 53206 – Milwaukee WI – 58.6%
  • 44105 – Cleveland OH – 54.2%

 

Thanks to ATTOM Data Solutions’ Christine Stricker for source data.

Also read: Commercial Real Estate Trends and Outlook, Big Takeaways from ATTOM’s Year-End Sales Report, Buying Is More Affordable Than Renting in 53% of the Housing Market