The ATTOM Data Solutions Q3 2016 Home Equity and Underwater report released yesterday shows that the number of “equity rich” homeowners (those who have at least 50 percent equity in their homes) increased by 2.6 million compared to a year ago.
As of the end of the third quarter there were more than 13 million equity rich homeowners, representing 23.4 percent of all homeowners with a mortgage. The heat map below shows which states have the highest numbers and concentrations of equity rich homeowners.
The top five states with the most equity rich homeowners were California (2.9 million); Florida (1.3 million); Texas (996,000); New York (713,000); and Pennsylvania (489,000).
States with the highest share of equity rich homeowners as a share of all homeowners with a mortgage were Hawaii (37.9 percent); California (35.7 percent); Vermont (32.9 percent); New York (32.2 percent); and Oregon (30.2 percent).