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As home prices climb, the number of homes considered equity rich is growing nationwide, but some areas are outpacing others. A home attains an equity rich status when a loan balance secured on a property is less than 50% of the home’s estimated market value.

In the first quarter, about 45% of residential homes with a mortgage were considered equity rich, according to the first quarter of 2022 U.S. Home Equity and Underwater Report published by ATTOM Data Solutions.

The highest levels of equity rich properties remained in the West during that period. Eight of the top 10 states were located in that area, led by Idaho (68.8% of homes with a mortgage were equity rich); Vermont, an exception in the Northeast (68%); Utah (63.6%); Washington (60.9%); and Arizona (60.9%).

Based on ZIP codes, this chart shows the highest share of equity rich properties in the U.S.

A chart showing the top 10 U.S. zip codes with the highest shares of equity-rich homes.

 

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