The States Most (and Least) Likely to Have Underwater Properties

More than 5.4 million homes in the United States are “seriously underwater”—meaning the loan amount is 25 percent higher than the property’s market value. But which state has the most (or fewest) underwater homes? Is it yours?

Using the ATTOM Data Solutions property database, you can see the top 15 states in the US with the highest percentage of seriously underwater homes, as well as the 15 states with the lowest percentage.

See if your state made the top 15 with the most (or fewest) seriously underwater properties.

#15 Most Underwater Properties

Pennsylvania: 10.3% of properties are seriously underwater.

#14 Most Underwater Properties

    Get matched with a personal loan that’s right for you today.
    Learn more

    Georgia: 11.2% of properties are seriously underwater.

    #12 (Tie) Most Underwater Properties

    Arkansas: 11.4% of properties are seriously underwater.

    #12 (Tie) Most Underwater Properties

    Connecticut: 11.4% of properties are seriously underwater.

    #11 Most Underwater Properties

    New Jersey: 12.1% of properties are seriously underwater.

    #9 (Tie) Most Underwater Properties

    Florida: 13.1% of properties are seriously underwater.

    #9 (Tie) Most Underwater Properties

    Maryland: 13.1% of properties are seriously underwater.

    #8 Most Underwater Properties

    Michigan: 13.3% of properties are seriously underwater.

    #7 Most Underwater Properties

    Delaware: 13.4% of properties are seriously underwater.

    #6 Most Underwater Properties

    Missouri: 14.2% of properties are seriously underwater.

    #5 Most Underwater Properties

    Indiana: 16.4% of properties are seriously underwater.

    #4 Most Underwater Properties

    Ohio: 16.5% of properties are seriously underwater.

    #3 Most Underwater Properties

    Illinois: 16.8% of properties are seriously underwater.

    #2 Most Underwater Properties

    Louisiana: 17.1% of properties are seriously underwater.

    #1 Most Underwater Properties

    Nevada: 17.4% of properties are seriously underwater.

    #15 (Tie) Least Underwater Properties

    Hawaii: 5.5% of properties are seriously underwater.

    #15 (Tie) Least Underwater Properties

    Texas: 5.5% of properties are seriously underwater.

    #13 Least Underwater Properties

    Wyoming: 5.4% of properties are seriously underwater.

    #12 Least Underwater Properties

    Montana: 5.0% of properties are seriously underwater.

    #11 Least Underwater Properties

    Colorado: 4.9% of properties are seriously underwater.

    #10 Least Underwater Properties

    Washington: 4.8% of properties are seriously underwater.

    #9 (Tie) Least Underwater Properties

    North Dakota: 4.7% of properties are seriously underwater.

    #9 (Tie) Least Underwater Properties

    Idaho: 4.7% of properties are seriously underwater.

    #7 (Tie) Least Underwater Properties

    Minnesota: 4.6% of properties are seriously underwater.

    #7 (Tie) Least Underwater Properties

    Massachusetts: 4.6% of properties are seriously underwater.

    #5 Least Underwater Properties

    Mississippi: 4.5% of properties are seriously underwater.

    #4 Least Underwater Properties

    Utah: 4.4% of properties are seriously underwater.

    #3 (Tie) Least Underwater Properties

    Oregon: 4.3% of properties are seriously underwater.

    #3 (Tie) Least Underwater Properties

    Vermont: 4.3% of properties are seriously underwater.

    #1 Least Underwater Properties

    Alaska: 4.0% of properties are seriously underwater.

    Image: Willard

    You Might Also Like

    Learn more about credit union mortgage options. Use this credit u... Read More

    December 13, 2023

    Mortgages

    A white one story house sits on a green lawn with a "for sale" sign in front.
    Are you ready to buy a home? It’s an exciting—and stressful... Read More

    June 7, 2021

    Mortgages

    multicolored house made of money with path of penny to illustrate second chance loans
    Brenda Woods didn’t want to move and leave the garden she h... Read More

    December 15, 2020

    Mortgages