Percentage of Equity-Rich Homeowners In St Louis Hits Record High

As of the end of the third quarter of this year, 18.2% of the homeowners in St Louis were “equity-rich”, meaning their mortgage total is less than 50% of their homes’ current value, according to the latest data available from ATTOM Data Research.  As the table below shows, this is the highest rate of equity-rich homeowners in St Louis since ATTOM began tracking this data in 2013.

Equity-Rich St Louis Homeowners – 3rd Quarter 2019

Equity-Rich St Louis Homeowners - 3rd Quarter 2019

The Percentage Of Equity-Rich Homeowners In St Louis Drops At Beginning Of This Year

As of the end of the first quarter of this year, 16.2% of the homeowners in St Louis were “equity-rich”, meaning their mortgage total is less than 50% of their homes current value, according to the latest data available from ATTOM Data Research.

Equity-Rich St Louis Homeowners – 1st Quarter 2019

Equity-Rich St Louis Homeowners - 1st Quarter 2019

Number of Equity-Rich St Louis Homeowners Increases In 3rd Quarter

According to a report just released by ATTOM Data Solutions, 16.9% of the homeowners in St Louis with a mortgage are “equity-rich”, meaning their loan balance is 50% or less of their home’s estimated value.  As the table below illustrates, this is an increase from 15.8% during the 2nd quarter as well as the 1st quarter of this year.

St Louis increase in equity surpassed the U.S. average but fell behind Kansas City and Chicago…

As the table below shows, during the past 2 years, the percentage of equity-rich homeowners in St Louis increased from 16.0% to 16.9%, an increase of nearly 6%.  However, in Kansas City, the rate went from 12.0% to 21.0%, an increase of 75% and in Chicago from 15.0% to 16.8% for an increase of 12%.  Nationally, however, the rate increase just 1% during the same period, from 23.4% to 25.7%.

St Louis Equity-RIch Homeowners 3rd Quarter 2018

St Louis Equity-RIch Homeowners 3rd Quarter 2018