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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
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
December 13, 2023
Mortgages