ATTOM Equity-Rich Properties by State
What is the Current Percentage of Mortgaged Residential Properties that are Equity-Rich in the U.S.?
In the second quarter of 2026, homeowner equity across the U.S. declined compared with both the prior quarter and the same period last year, according to the Q2 2026 Home Equity and Underwater Report.
Percentage of Equity-Rich Properties: 41.1% of mortgaged residential properties were considered equity-rich, meaning homeowners owed no more than half of their property’s estimated market value.
Quarter-over-quarter change: down from 43.3% in Q1 2026
Year-over-year change: down from 47.4% in Q2 2025
The states with the highest shares of equity-rich homes in the second quarter were Vermont, Montana, Rhode Island, South Dakota, and New Hampshire.
What’s Driving Q2 2026 Home Equity Trends?
Equity-rich levels declined nationally in the second quarter of 2026, with the U.S. share moving to 41.1% from 43.3% in the prior quarter and 47.4% a year earlier. While several states continued to rank among the nation’s highest equity-rich markets, led by Vermont and Montana, equity-rich levels nationwide remained well above the percentages seen prior to 2020.
Percentage of Equity-Rich Homes by State – Q2 2026
Below is the complete state-by-state ranking for the second quarter of 2026, listing each state’s share of equity-rich properties and the top three counties leading in percentage of equity-rich properties.
1. Vermont
78.9% equity-rich, down from 85.7% last quarter and down from 84.9% last year
Counties: Chittenden, Washington, Addison
2. Montana
59.0% equity-rich, up from 57.7% last quarter and down from 59.2% last year
Counties: Park, Ravalli, Flathead
3. Rhode Island
54.9% equity-rich, down from 57.2% last quarter and down from 60.3% last year
Counties: Newport, Washington, Bristol
4. South Dakota
53.6% equity-rich, up from 52.4% last quarter and up from 52.1% last year
Counties: Codington, Lawrence, Pennington
5. New Hampshire
53.1% equity-rich, down from 58.1% last quarter and down from 60.3% last year
Counties: Carroll, Belknap, Grafton
6. New York
52.7% equity-rich, down from 54.4% last quarter and down from 55.3% last year
Counties: Columbia, Nassau, Suffolk
7. Maine
52.0% equity-rich, down from 55.3% last quarter and down from 58.3% last year
Counties: Cumberland, York, Lincoln
8. New Jersey
51.6% equity-rich, down from 52.0% last quarter and down from 53.6% last year
Counties: Cape May, Monmouth, Ocean
9. Hawaii
51.2% equity-rich, down from 55.8% last quarter and down from 59.2% last year
Counties: Kauai, Maui, Hawaii
10. Massachusetts
50.4% equity-rich, down from 53.2% last quarter and down from 58.2% last year
Counties: Dukes, Nantucket, Barnstable
11. Idaho
50.1% equity-rich, down from 51.6% last quarter and down from 56.1% last year
Counties: Bonner, Blaine, Idaho
12. Utah
47.0% equity-rich, down from 48.7% last quarter and down from 52.0% last year
Counties: Summit, Wasatch, Salt Lake
13. Wyoming
46.6% equity-rich, up from 44.3% last quarter and up from 45.3% last year
Counties: Teton, Lincoln, Park
14. California
45.6% equity-rich, down from 52.9% last quarter and down from 56.9% last year
Counties: Santa Clara, Mono, Santa Barbara
15. Wisconsin
44.8% equity-rich, down from 49.5% last quarter and down from 50.6% last year
Counties: Langlade, Sheboygan, Shawano
16. Tennessee
44.3% equity-rich, down from 45.0% last quarter and down from 50.3% last year
Counties: Cocke, Williamson, Franklin
17. North Carolina
43.3% equity-rich, up from 42.1% last quarter and down from 48.0% last year
Counties: Ashe, Watauga, Transylvania
18. Washington
43.2% equity-rich, down from 47.8% last quarter and down from 52.4% last year
Counties: San Juan, Jefferson, Klickitat
19. Texas
43.1% equity-rich, up from 42.5% last quarter and down from 48.8% last year
Counties: Fayette, Llano, Erath
20. Oregon
42.9% equity-rich, down from 44.3% last quarter and down from 49.1% last year
Counties: Hood River, Benton, Lincoln
21. Arizona
42.4% equity-rich, down from 44.2% last quarter and down from 48.6% last year
Counties: Apache, Coconino, Navajo
22. New Mexico
41.6% equity-rich, down from 41.9% last quarter and down from 46.4% last year
Counties: Taos, Santa Fe, Rio Arriba
23. Pennsylvania
41.5% equity-rich, down from 41.9% last quarter and down from 45.8% last year
Counties: Mifflin, Elk, Wayne
24. Kansas
41.3% equity-rich, up from 38.6% last quarter and down from 42.6% last year
Counties: Crawford, Lyon, Riley
25. Florida
40.6% equity-rich, down from 43.2% last quarter and down from 48.5% last year
Counties: Monroe, Miami-Dade, Collier
26. Colorado
40.6% equity-rich, up from 40.5% last quarter and down from 46.5% last year
Counties: Pitkin, Eagle, Gunnison
27. Indiana
39.8% equity-rich, down from 42.0% last quarter and down from 45.3% last year
Counties: Daviess, Lagrange, Whitley
28. Nevada
39.6% equity-rich, down from 39.9% last quarter and down from 43.3% last year
Counties: Douglas, Carson City, Washoe
29. South Carolina
39.5% equity-rich, up from 39.0% last quarter and down from 42.6% last year
Counties: Newberry, Charleston, Beaufort
30. Michigan
39.3% equity-rich, down from 45.6% last quarter and down from 50.8% last year
Counties: Marquette, Presque Isle, Manistee
31. Nebraska
39.0% equity-rich, up from 38.6% last quarter and down from 41.9% last year
Counties: Platte, Saline, Washington
32. Ohio
38.3% equity-rich, down from 40.5% last quarter and down from 43.1% last year
Counties: Ashland, Hocking, Knox
33. Arkansas
37.9% equity-rich, up from 35.5% last quarter and down from 39.0% last year
Counties: Yell, Sharp, Cleburne
34. Missouri
37.8% equity-rich, down from 40.5% last quarter and down from 46.1% last year
Counties: Sainte Genevieve, Perry, Audrain
35. Georgia
37.7% equity-rich, down from 39.2% last quarter and down from 43.3% last year
Counties: Union, Fannin, Towns
36. Delaware
37.7% equity-rich, down from 37.9% last quarter and down from 43.2% last year
Counties: Sussex, New Castle, Kent
37. Mississippi
36.7% equity-rich, down from 38.3% last quarter and down from 40.4% last year
Counties: Pearl River, Alcorn, Jones
38. Kentucky
36.5% equity-rich, up from 30.4% last quarter and up from 35.1% last year
Counties: Barren, Daviess, Fayette
39. Alabama
35.4% equity-rich, down from 38.0% last quarter and down from 41.4% last year
Counties: Tallapoosa, Lee, Jackson
40. West Virginia
33.7% equity-rich, down from 35.0% last quarter and down from 36.4% last year
Counties: Morgan, Hancock, Wood
41. Oklahoma
33.3% equity-rich, up from 29.0% last quarter and down from 33.9% last year
Counties: Delaware, Mayes, Lincoln
42. Virginia
33.0% equity-rich, down from 36.6% last quarter and down from 38.7% last year
Counties: Page, Carroll, Radford
43. North Dakota
32.9% equity-rich, up from 32.8% last quarter and up from 30.2% last year
Counties: Richland, Burleigh, Stutsman
44. Illinois
32.3% equity-rich, down from 33.5% last quarter and down from 36.6% last year
Counties: Jo Daviess, Carroll, Woodford
45. Iowa
32.2% equity-rich, down from 32.5% last quarter and down from 33.0% last year
Counties: Dickinson, Appanoose, Lyon
46. Alaska
30.4% equity-rich, down from 33.5% last quarter and down from 33.7% last year
Counties: Kenai Peninsula, Matanuska-Susitna, Juneau
47. Maryland
28.0% equity-rich, down from 28.1% last quarter and down from 34.1% last year
Counties: Worcester, Garrett, Talbot
48. Minnesota
20.1% equity-rich, down from 35.5% last quarter and down from 37.6% last year
Counties: Lake, Freeborn, Houston
49. Louisiana
17.5% equity-rich, down from 17.9% last quarter and down from 18.0% last year
Counties: Lincoln, Saint Charles, Washington
Conclusion
In the second quarter of 2026, 41.1% of mortgaged residential properties nationwide were equity-rich, down from the prior quarter and down from a year earlier. Although the national share declined across both comparison periods, equity-rich levels remained higher in several states. The latest equity-rich ranking by state shows how these rates varied across the country.
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