If your home is worth at least 50 percent more than you owe, you're rich — equity rich that is.
ATTOM Data Solutions says 195,379 Tampa Bay homeowners — 23 percent of all owners with mortgages — now have a loan--to-value ratio of 50 percent or lower. That's a far cry from just four years ago when more than 20 percent of bay area borrowers were deemed "seriously" underwater, owing far more than their homes were worth.
Tampa Bay has a higher percentage of the equity rich than Orlando, Jacksonville and Lakeland but lower percentage than Miami, Fort Myers and Sarasota-Bradenton.
Nationally, nearly 25 percent of homeowners are equity rich.