Despite presidential candidates squabbling over the economic squeeze on family finances, American homeowners are slowly increasing the amount of money they’ve put into their homes. American homeowners now own 41.20% of their homes, on average. This is up by 2.72% from a year ago, according to FindTheHome data on homes with outstanding mortgages.
Homeowners in Hawaii have the most money tied up in home equity, at 55.47% of their equity percentage. Bringing up the rear are Alaskan homeowners, who only own 36.10% of their homes.
How much money do homeowners in your state have in their homes? Click through to see the states with the most home equity, on average.
#25. Pennsylvania
- Median Dollar Value of Home Equity: $63,511
- Median % of Home Equity Owned: 40.07%
- 1-Year Change in Home Equity Ownership: -1.46%
- Median Mortgage Loan to Home Value Ratio: 95%
#24. Minnesota
- Median Dollar Value of Home Equity: $68,409
- Median % of Home Equity Owned: 37.28%
- 1-Year Change in Home Equity Ownership: -0.22%
- Median Mortgage Loan to Home Value Ratio: 94.99%
#23. Idaho
- Median Dollar Value of Home Equity: $69,522
- Median % of Home Equity Owned: 36.61%
- 1-Year Change in Home Equity Ownership: 3.06%
- Median Mortgage Loan to Home Value Ratio: 80%
#22. New Hampshire
- Median Dollar Value of Home Equity: $70,119
- Median % of Home Equity Owned: 33.39%
- 1-Year Change in Home Equity Ownership: 1.23%
- Median Mortgage Loan to Home Value Ratio: 92.82%
#21. Maryland
- Median Dollar Value of Home Equity: $80,247
- Median % of Home Equity Owned: 35.05%
- 1-Year Change in Home Equity Ownership: -1.99%
- Median Mortgage Loan to Home Value Ratio: 95%
#20. Rhode Island
- Median Dollar Value of Home Equity: $81,634
- Median % of Home Equity Owned: 39.20%
- 1-Year Change in Home Equity Ownership: 0.15%
- Median Mortgage Loan to Home Value Ratio: 95%
#19. Maine
- Median Dollar Value of Home Equity: $82,031
- Median % of Home Equity Owned: 43.75%
- 1-Year Change in Home Equity Ownership: 0.69%
- Median Mortgage Loan to Home Value Ratio: 80%
#18. North Dakota
- Median Dollar Value of Home Equity: $82,750
- Median % of Home Equity Owned: 43.94%
- 1-Year Change in Home Equity Ownership: 1.08%
- Median Mortgage Loan to Home Value Ratio: 89.99%
#17. Delaware
- Median Dollar Value of Home Equity: $83,150
- Median % of Home Equity Owned: 36.31%
- 1-Year Change in Home Equity Ownership: -1.97%
- Median Mortgage Loan to Home Value Ratio: 94.99%
#16. Texas
- Median Dollar Value of Home Equity: $88,077
- Median % of Home Equity Owned: 43.14%
- 1-Year Change in Home Equity Ownership: 4.45%
- Median Mortgage Loan to Home Value Ratio: 80%
#15. Wyoming
- Median Dollar Value of Home Equity: $88,106
- Median % of Home Equity Owned: 39.56%
- 1-Year Change in Home Equity Ownership: 3.30%
- Median Mortgage Loan to Home Value Ratio: 80%
#14. Utah
- Median Dollar Value of Home Equity: $93,375
- Median % of Home Equity Owned: 38.74%
- 1-Year Change in Home Equity Ownership: 2.32%
- Median Mortgage Loan to Home Value Ratio: 80%
#13. Virginia
- Median Dollar Value of Home Equity: $94,564
- Median % of Home Equity Owned: 37.23%
- 1-Year Change in Home Equity Ownership: -0.81%
- Median Mortgage Loan to Home Value Ratio: 95%
#12. Connecticut
- Median Dollar Value of Home Equity: $95,450
- Median % of Home Equity Owned: 41.50%
- 1-Year Change in Home Equity Ownership: -2.47%
- Median Mortgage Loan to Home Value Ratio: 90%
#11. Alaska
- Median Dollar Value of Home Equity: $96,661
- Median % of Home Equity Owned: 36.10%
- 1-Year Change in Home Equity Ownership: 0.83%
- Median Mortgage Loan to Home Value Ratio: 80%
#10. Montana
- Median Dollar Value of Home Equity: $98,739
- Median % of Home Equity Owned: 43.51%
- 1-Year Change in Home Equity Ownership: 1.22%
- Median Mortgage Loan to Home Value Ratio: 80%
#9. Oregon
- Median Dollar Value of Home Equity: $104,950
- Median % of Home Equity Owned: 41.98%
- 1-Year Change in Home Equity Ownership: 4.69%
- Median Mortgage Loan to Home Value Ratio: 90%
#8. New Jersey
- Median Dollar Value of Home Equity: $109,918
- Median % of Home Equity Owned: 39.97%
- 1-Year Change in Home Equity Ownership: 0.71%
- Median Mortgage Loan to Home Value Ratio: 80%
#7. Colorado
- Median Dollar Value of Home Equity: $112,059
- Median % of Home Equity Owned: 40.15%
- 1-Year Change in Home Equity Ownership: 7.55%
- Median Mortgage Loan to Home Value Ratio: 90%
#6. Washington
- Median Dollar Value of Home Equity: $117,816
- Median % of Home Equity Owned: 42.38%
- 1-Year Change in Home Equity Ownership: 3.66%
- Median Mortgage Loan to Home Value Ratio: 90%
#5. New York
- Median Dollar Value of Home Equity: $150,702
- Median % of Home Equity Owned: 53.45%
- 1-Year Change in Home Equity Ownership: 2.26%
- Median Mortgage Loan to Home Value Ratio: 80%
#4. Massachusetts
- Median Dollar Value of Home Equity: $151,822
- Median % of Home Equity Owned: 45.32%
- 1-Year Change in Home Equity Ownership: -0.97%
- Median Mortgage Loan to Home Value Ratio: 85%
#3. California
- Median Dollar Value of Home Equity: $195,480
- Median % of Home Equity Owned: 48.87%
- 1-Year Change in Home Equity Ownership: 3.58%
- Median Mortgage Loan to Home Value Ratio: 81%
#2. Hawaii
- Median Dollar Value of Home Equity: $242,681
- Median % of Home Equity Owned: 55.47%
- 1-Year Change in Home Equity Ownership: 1.88%
- Median Mortgage Loan to Home Value Ratio: 80%
#1. District of Columbia
- Median Dollar Value of Home Equity: $244,282
- Median % of Home Equity Owned: 46.53%
- 1-Year Change in Home Equity Ownership: -1.02%
- Median Mortgage Loan to Home Value Ratio: 85%