These States Are the Richest in Home Equity

The share of equity-rich homes has fallen across the U.S., but remains historically high. According to property data provider ATTOM, 46.2% of mortgaged homes in the U.S. were considered equity-rich in Q1 2025, meaning the mortgage is 50% or less of the home's value. That's a slight drop from the 47.7% of homes recorded in Q4 2024. While most states saw a quarterly decline in the share of equity-rich homes, that's not the case for supply-constrained markets where home values are growing. Of these states, Vermont leads the way, followed by New Hampshire, Rhode Island, Montana, and Maine. 

Vermont had the highest percentage of equity-rich mortgages in Q1 2025. The percent increased from 82.0% to 85.8% from Q1 2024 to Q1 2025. In Vermont, close to every mortgage is equity rich. The counties with the most equity-rich mortgages in Vermont are Chittenden, Washington, and Addison.

New Hampshire had the second-highest percentage of equity-rich mortgages in Q1 2025. The percent increased from 57.0% to 60.5% from Q1 2024 to Q1 2025. In New Hampshire, 1 in every 2 mortgages are equity rich. The counties with the highest percentage of equity-rich mortgages are Carroll, Coos, Belknap, and Sullivan.