Among Utah counties, Uintah had the highest percentage of property owners with mortgages who owe at least 25 percent more on their loans than their property is worth, according to an analysis by ATTOM Data Solutions looking at home equity at the end of the first quarter.
In Uintah County, 34 percent of all properties with a mortgage were considered “seriously underwater.” The county with the second-highest rate was Carbon (31 percent), followed by Iron (20 percent). The analysis is based on a home’s estimated market value.
In Utah, owners of 29,719 properties with mortgages owe at least 25 percent more on their loans than their property is worth. The state ranks 45th in the U.S., with 5.3 percent of all properties with a mortgage considered “seriously underwater.”
In this analysis, only those counties where sufficient mortgage data was available were ranked.
Counties with highest rates of underwater mortgages
|County||Population||Housing Units||Total Seriously Underwater||Percent Seriously Underwater|