Underwater Properties in the U.S.
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
Pennsylvania: 10.3% of properties are seriously underwater.
#14 Most Underwater Properties – Georgia
Georgia: 11.2% of properties are seriously underwater.
#12 (Tie) Most Underwater Properties – Arkansas
Arkansas: 11.4% of properties are seriously underwater.
#12 (Tie) Most Underwater Properties – Connecticut
Connecticut: 11.4% of properties are seriously underwater.
#11 Most Underwater Properties – New Jersey
New Jersey: 12.1% of properties are seriously underwater.
#9 (Tie) Most Underwater Properties – Florida
Florida: 13.1% of properties are seriously underwater.
#9 (Tie) Most Underwater Properties – Maryland
Maryland: 13.1% of properties are seriously underwater.
#8 Most Underwater Properties – Michigan
Michigan: 13.3% of properties are seriously underwater.
#7 Most Underwater Properties – Delaware
Delaware: 13.4% of properties are seriously underwater.
#6 Most Underwater Properties – Missouri
Missouri: 14.2% of properties are seriously underwater.
#5 Most Underwater Properties – Indiana
Indiana: 16.4% of properties are seriously underwater.
#4 Most Underwater Properties – Ohio
Ohio: 16.5% of properties are seriously underwater.
#3 Most Underwater Properties – Illinois
Illinois: 16.8% of properties are seriously underwater.
#2 Most Underwater Properties – Louisiana
Louisiana: 17.1% of properties are seriously underwater.
#1 Most Underwater Properties – Nevada
Nevada: 17.4% of properties are seriously underwater.
Read more here: https://www.msn.com/en-us/money/realestate/the-states-most-and-least-likely-to-have-underwater-properties/ss-AAr2vHa?li=BBnb7Kz#image=17