Home Equity Decreased in Q3 2025

Only 46.1% of mortgaged residential properties nationwide were equity-rich in the third quarter of 2025, down slightly from 47.4% the previous quarter and 48.3% year over year, according to ATTOM. 

States with the highest shares of equity-rich properties – that is, properties where the combined estimated amount of loan balances was no more than half of their estimated market value – were Vermont (86.7%), New Hampshire (61.4%) and Rhode Island (59.8%).  

As for Pennsylvania, 44.5% of the commonwealth’s mortgaged residential properties were equity-rich last quarter, ranking it at no. 27. This was up from 42.7% in Q2, but down from 45.6% last year. The most equity-rich counties were Mifflin, Wyoming and Wayne. 

Additionally, ATTOM reported, “About 2.8% of mortgaged residential properties in the U.S. were considered seriously underwater in the third quarter of 2025, meaning the combined estimated balance of loans secured by the properties was at least 25% more than the properties’ estimated market value. That was up from 2.7% in the second quarter and 2.5% in the third quarter of 2024.”