While the number of homes that are “equity-rich” are declining across the country, New Hampshire homeowners have some of the most equity in their homes nationwide according to a new report from real estate data company Attom.

The company defined an equity-rich property as one where its loan-to-value ratio is at 50 percent or lower, meaning the owner has at least 50 percent equity.

The company’s data shows 58.1 percent of mortgaged New Hampshire homes were equity-rich in the first quarter. While this is the second-largest in the nation, the figure represents a year-over-year drop from 60.5 percent in 2025.

Most of these “equity-rich” properties exist in the state’s vacation belt. Carroll County held the most equity-rich properties in the state when ranking by county, followed by Grafton County second and Belknap County third.

The relatively high ratios of equity in homes locally has implications for owners’ ability to borrow against that equity. It may also reflect a higher share of homes bought with cash or large down payments in an area rife with second homes.

Nation-wide, the share of equity-rich properties is falling. Attom’s data shows 43.3 percent of mortgaged residential properties in the United States were equity-rich, down from 46.2 percent in the first quarter of 2025.

“Homeowner equity remains relatively strong overall, but we’re seeing signs of moderation,” Attom CEO Rob Barber said in a statement. “As mortgage rates have risen and home prices have cooled, the share of equity-rich homes has declined in most markets while the rate of seriously underwater properties is edging up across much of the country.”

Vermont has the most “equity-rich” properties, with 85.7 percent of mortgage-paying homeowners having at least 50 percent equity in their property. Montana is third with 57.2 percent of mortgaged homes qualifying as equity-rich. Massachusetts is in eighth with 52.2 percent of homes qualifying.