Rising home prices are boosting homeowners’ equity across the country. Nationwide, owners saw home equity rise, on average, by $13,700 during 2016, according to CoreLogic’s latest “Homeowner Equity Report.” States like Washington and Oregon saw some of the largest home-price appreciation last year, up $31,000 and $27,000, respectively.
Take a look at this map to see the average equity per owner in your state.
Of the largest metros by population, the following five areas had the highest percentage of residences with equity in the fourth quarter of 2016, according to CoreLogic’s report:
- San Francisco-Redwood City-South San Francisco, Calif.: 99.4%
- Houston-The Woodlands-Sugar Land, Texas: 98.5%
- Denver-Aurora-Lakewood, Colo.: 98.5%
- Los Angeles-Long Beach-Glendale, Calif.: 97%
- Boston, Mass.: 95.3%
Read more: Homeowners Find an Equity Bright Spot
On the other hand, the following five areas had the highest percentage of residences in negative equity:
Source: “Homeowner Equity Report: Fourth Quarter 2016,” CoreLogic (March 2017)
- Miami-Miami Beach-Kendall, Fla.: 16.1%
- Las Vegas-Henderson-Paradise, Nev.: 15.5%
- Chicago-Naperville-Arlington Heights, Ill.: 12.6%
- Washington-Arlington-Alexandria, D.C.-Va.-Md.-W.Va.: 8.4%
- New York-New Jersey-White Plains, N.Y.-N.J.: 5.1%