Analysis: 27 percent of mortgages in Talbot County considered ‘equity-rich’
Among Maryland counties, Talbot, Garrett and Montgomery had the highest percentage of property owners with mortgages who have at least 50 percent equity in their homes, according to an analysis by ATTOM Data Solutions looking at home equity at the end of the first quarter.
In Talbot County, 27 percent of all properties with a mortgage were considered “equity-rich.” The county with the second-highest rate was Garrett (26 percent), followed by Montgomery (24 percent). The analysis is based on a home’s estimated market value.
In Maryland, owners of 279,821 properties with mortgages have at least 50 percent equity in their homes. The state ranks 25th in the U.S., with 19.3 percent of all properties with a mortgage considered “equity-rich.”
ATTOM Data Solutions lacked enough data for some states to rank their home equity numbers.
Home mortgage equity rankings among Maryland counties
|County||Population||Housing Units||Q1 2018 Equity Rich||Q1 2018 Percent Equity Rich|
|Queen Anne's County||48,712||20,754||2,442||19%|
|Prince George's County||897,693||330,708||35,539||17%|