Share of Equity-Rich Homes Continues to Decline

Home equity remains at record high levels across the U.S., but has softened over the last several quarters. In Q-4 2025, 44.6% of mortgaged residential properties were considered equity-rich, meaning homeowners owed no more than half of their property’s estimated market value, according to a report from property data provider ATTOM. Comparatively, the share of equity-rich homes in Q-3 2025 was 46.1%, and was 47.7% a year earlier.

Which states have the highest share of equity-rich homes?

The states with the highest share of equity-rich homes are primarily located in the Northeast, with the top three including Vermont, New Hampshire, and Rhode Island. In Vermont, 87% of homes are considered equity-rich, followed by New Hampshire at 60.2%, and then Rhode Island at 59.4%.

Which states have the lowest share of equity-rich homes?

Meanwhile, some states sit below the nationwide median. The states with the lowest share of equity-rich homes include Louisiana, with just 20.1% of homes considered equity-rich. Maryland follows behind with its share of equity-rich homes at 28.4%, and then Kentucky at 32.1%.